Shemaroo Entertainment Reports Q1 FY2027 Unaudited Financial Results; Highlights GST Dispute Status
Shemaroo Entertainment Limited has released its unaudited consolidated and standalone financial results for the quarter ending June 30, 2026. The Board of Directors approved these results during a meeting held on July 23, 2026.The company provided a detailed overview of its performance across both formats, which were reviewed by the Audit Committee and subsequently approved by the Board.
Key Financial Highlights (Standalone Results)
The unaudited standalone financial statement for the quarter ending June 30, 2026, showed Total Income at ₹12,384.26 lakhs against Total Expenses of ₹13,510.37 lakhs. This resulted in a Net Loss after tax for the quarter of ₹890.03 lakhs. The results also reflected a Total Comprehensive Loss of ₹890.03 lakhs.The standalone financial data provided by Shemaroo Entertainment Limited is presented below:
| Metric | Value (₹ Lakhs) |
|---|---|
| Total Income | 12,384.26 |
| Total Expenses | 13,510.37 |
| Net Loss after tax for the quarter | (890.03) |
| Total Comprehensive Loss for the quarter | (890.03) |
Consolidated Results and Operational Review
The unaudited consolidated financial results also detail the performance of the Group, which includes subsidiaries such as Canoov Entertainment Private Limited and Shemaroo Contentino Media LLP.One subsidiary's interim results, which were included in the consolidated filing, showed a total revenue of ₹229.53 lakhs, with a total Profit after tax (PAT) of ₹96.62 lakhs and a total comprehensive income of ₹101.48 lakhs for the quarter ended June 30, 2026. Management noted that these interim financial results were not material to the Group.
GST Dispute Status Update
The company provided an update regarding a dispute with the GST department from earlier years. The dispute involves a demand order concerning the recovery of inadmissible Input Tax Credit (ITC), allegedly amounting to ₹7,025.61 lakhs. A penalty was also allegedly imposed, amounting to ₹6,334.98 lakhs under relevant sections of the CGST Act, 2017 and IGST Act, 2017.Shemaroo Entertainment Limited reported two key developments concerning this matter:
- The appeal filed with the Commissioner, Central Goods & Service Tax and Central Excise Appeals II was disposed of in favour of the department.
- The writ petition filed by the company before the Bombay High Court has been stayed, with the direction that the matter is referred to a Higher Bench for consideration.
Shemaroo Entertainment Limited stated that it will continue to keep stakeholders informed regarding any future developments concerning these matters.
SHEMAROO Stock Price Movement
Today, Shemaroo Entertainment Limited shares edged higher to close at ₹125.60 after settling up by 1.54%. The stock saw trading activity involving 3,312 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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