Hyderabad, India – January 30, 2025 – Silly Monks Entertainment Ltd. (NSE: SILLMONKS) announced its unaudited standalone and consolidated financial results for Q3 FY25 (ended December 31, 2024), highlighting stable revenue performance and moderate profit growth.
Key Financial Highlights (Standalone)
(INR in Lakhs)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 139.33 | 139.20 | 153.16 | 400.57 | 546.97 |
| Other Income | 1.66 | 1.42 | 1.21 | 11.24 | 3.06 |
| Total Income | 141.01 | 140.61 | 154.39 | 411.81 | 550.05 |
| Total Expenses | 139.38 | 137.52 | 152.67 | 396.87 | 573.28 |
| Profit Before Tax | 1.63 | 3.09 | 1.72 | 14.94 | (23.23) |
| Net Profit | 10.82 | 3.71 | 0.09 | 17.90 | (16.69) |
| EPS (Basic) | 0.11 | 0.04 | 0.00 | 0.18 | (0.16) |
Key Financial Highlights (Consolidated)
(INR in Lakhs)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 703.09 | 678.20 | 598.98 | 1,977.67 | 1,682.52 |
| Other Income | 1.68 | 1.42 | 1.22 | 11.24 | 3.08 |
| Total Income | 704.77 | 679.62 | 600.20 | 1,988.91 | 1,685.60 |
| Total Expenses | 700.78 | 672.95 | 598.34 | 1,970.99 | 1,702.97 |
| Profit Before Tax | 3.99 | 6.67 | 1.86 | 17.93 | (17.37) |
| Net Profit | 13.17 | 7.30 | 0.23 | 20.89 | (10.83) |
| EPS (Basic) | 0.13 | 0.07 | 0.00 | 0.20 | (0.11) |
Performance Analysis
- Revenue Stability: Standalone revenues remained flat at ₹139.33 lakh, a slight increase from the previous quarter’s ₹139.20 lakh, but down from ₹153.16 lakh in Q3 FY24. The consolidated revenue grew 17.4% YoY to ₹703.09 lakh from ₹598.98 lakh.
- Cost Optimization: Standalone direct costs decreased to ₹56.54 lakh, while employee expenses rose to ₹56.50 lakh, reflecting a growing workforce.
- Profitability Rebounds: The company returned to profit, reporting a standalone net profit of ₹10.82 lakh compared to a marginal ₹0.09 lakh in Q3 FY24. Consolidated net profit stood at ₹13.17 lakh, compared to ₹0.23 lakh in Q3 FY24.
Management Commentary
Tekulapalli Sanjay, Managing Director of Silly Monks Entertainment Ltd., stated:"Our steady revenue and return to profitability reflect our focused operational efficiencies and strategic content investments. With our wholly owned subsidiary, Dream Boat Entertainment LLC, showing improved performance, we expect sustainable growth in the coming quarters."
Strategic Outlook
- Digital Content Expansion: The company continues to invest in digital content creation, particularly in regional entertainment.
- Overseas Performance: Dream Boat Entertainment LLC contributed ₹1,835.76 lakh in revenues and ₹2.99 lakh in net profit, reflecting international growth.
- Cost Control Measures: Operational efficiency programs are being implemented to sustain profitability.