Shemaroo Entertainment's Q1 Financial Results Receive 'Strong Sell' Rating from MarketsMOJO

Jul 30 2024 09:00 PM IST
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Shemaroo Entertainment, a microcap company in the lifestyle industry, has reported a negative performance in the quarter ending March 2024, with a score of -8 compared to -6 in the previous quarter. This decline is mainly due to a significant decrease in Profit Before Tax and Profit After Tax, as well as a decline in Net Sales. MarketsMojo has given a 'Strong Sell' rating for the company based on these financials.

Shemaroo Entertainment, a microcap company in the lifestyle industry, recently announced its financial results for the quarter ending March 2024. The results, declared on July 30, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

According to the financials, Shemaroo Entertainment has seen a negative performance in the quarter, with a score of -8 compared to -6 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 126.3% to Rs -23.86 crore compared to the average PBT of the previous four quarters, which was Rs -10.54 crore. This shows a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 69.7% to Rs -17.25 crore compared to the average PAT of the previous four quarters, which was Rs -10.17 crore. This indicates a very negative trend in the near term for PAT.

The Net Sales for the quarter also saw a decline of 12.7% to Rs 154.39 crore compared to the average Net Sales of the previous four quarters, which was Rs 176.80 crore. This further supports the negative trend in the near term for Shemaroo Entertainment.

Based on these financials, MarketsMOJO has given a 'Strong Sell' rating for Shemaroo Entertainment. It is important for investors to carefully consider these financials before making any investment decisions.
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