Shares of Shemaroo Entertainment Ltd rose 10% in early trade after solid fourth-quarter results. At 10:24 am, Shemaroo shares were locked at a high of Rs 130.05 on the NSE.

Shemaroo Entertainment Ltd reported total revenue of Rs 164.7 crore for March 31, 2023, and Rs 150.4 crore for December 31, 2022.

The company posted a net profit of Rs 4.84 crore for the period ended March 31, 2023, compared to a net profit of Rs 0.88 crore for the period ended December 31, 2022. The company reported EPS of Rs 1.78 for the period ended March 31, 2023, and Rs 0.32 for the period ended December 31, 2022.

Shemaroo Entertainment recently announced the appointment of Anuja Trivedi as Chief Marketing Officer (CMO). She will be a member of the Executive Committee. She will report to Arghya Chakravarty, Shemaroo’s Chief Operating Officer. Trivedi joins Disney Star as Executive Director, Head of Content Studio Strategy.

Hiren Gada, CEO of Shemaroo, said: “We are delighted to welcome Anuja to Shemaroo as our new CMO. Anuja’s expertise in analysing market trends and identifying growth opportunities will be instrumental as we navigate the ever-changing media environment. Her ability to develop innovative strategies and create engaging content experiences for audiences perfectly fits our mission of delivering superior value to consumers. We believe Anuja will be key to Shemaroo’s continued success and growth.”

Shemaroo Entertainment Ltd has significantly underperformed the benchmark Nifty50 index over the past 5 years. Shemaroo stock has lost 71.82% of its value over the past 5 years. That compares with a return of 68.77% for the benchmark Nifty50 index over the same period.