Shemaroo

The company posted a good set of numbers for Q2FY15 with its consolidated net profit rising 37% (YoY) at Rs.8 crore on a 21% rise in total income at Rs.85 crore. EBITDA also showed a good growth of 30% at Rs.21 crore while EBITDA margin for the quarter rose from 23.2% to 24.9%. PAT margin showed a better growth from 8.9% to 10.1%.

In terms of segment wise break-up, New media showed a 29% rise in revenue while traditional media and services rose 20%, contributing 90% to total revenue. During the second quarter, its first set of movies went live on Google Play, with overall strong growth in digital media. The company has also capitalized on licensed and monetized Lalbaugcha Raja on mobile. It acquired the entire catalog of Gunjan Music Company, which is strong in devotional content with around 3000 tracks.

The company has gone public in Sept 2014 and had issued shares on the upper price range of Rs.170 and it got listed at Rs.180 but soon slumped down. The IPO was subscribed 7.26 times with qualified institutional buyers (QIBs) 5.7 times subscription. Retail individual investors subscribed 7.54 times while high net individuals subscribed 8.64 times. Today, the stock even though in the green post the numbers, continues to quote below the IPO price at Rs.165 levels and it even went down to Rs.145 levels.