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Silly Monks Turnover Records 181% Growth in FY 17-18

The NSE Emerge listed company clocked 31% consolidated growth with a turnover of Rs 15.76 Crs in FY 17-18 and a standalone growth of 181% recording a turnover of Rs.8.5 Crores

Hyderabad: Silly Monks Entertainment Limited (SMEL) listed in National Stock Exchange of India Limited (NSE Emerge) with symbol SILLYMONKS in Jan 2018, reported a standalone growth of 181% over last year with a turnover of Rs. 8.50 Crs in FY 17-18 in comparison to Rs 3.02 Crs in FY 16-17, with a corresponding growth of 215% in profit over last FY. Profit reported for FY 17-18 is Rs 1.18 Crs vs Rs 37.3 Lacs in FY 16-17.

The company also announced on consolidated front a growth of 31% over last year with a turnover of Rs 15.76 Crs in FY 17-18 in comparison to Rs 12 Crs in FY 16-17, with a corresponding growth of 34% in profit over last FY. Profit reported for FY 17-18 is Rs 2.12 Crs vs Rs 1.58 Crs in FY 16-17.

Sanjay Reddy

Stating about the company's financial and growth performance Sanjay Reddy, Managing Director, SMEL, at the company's board meeting held in Hyderabad on Tuesday (29th May evening) said "Our USP has played a big role in our performance- that is to Carve out a Digital Media niche besides creating unique content across digital platforms and traditional media."

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