BookMyShow posts Rs 192 crore profit on robust live events business
Big Tree Entertainment, operating BookMyShow, saw its net profit surge to '192 crore in FY25. This growth stems from a robust performance in its ticketing and live events segments. The company's total income also increased significantly. Live even...
According to Registrar of Companies (RoC) filings, the company’s total income rose to Rs 1,869 crore in FY25 from Rs 1,430 crore, while total expenses increased to Rs 1,704 crore from Rs 1,320 crore. The jump in both income and expenses was driven largely by the scaling up of live events, including large-format music festivals and touring concerts.
BookMyShow declined to comment on the financials.
BookMyShow is India’s largest online entertainment ticketing platform and competes with Zomato-backed District. In addition to movie ticketing, the company runs a sizeable live events business, with properties such as Lollapalooza India.
Online ticketing remained the company’s largest revenue segment, generating Rs 828 crore in FY25, up from Rs 741 crore in the previous year. Revenue from live events grew sharply to Rs 756 crore from Rs 455 crore, reflecting an expanded slate of music festivals and stand-up comedy shows.
During the year, BookMyShow was the exclusive ticketing partner for British rock band Coldplay’s India concerts as part of the Music of the Spheres World Tour. The company also benefited from the release of several blockbuster films, supporting growth in movie ticketing volumes.
In its disclosures, the company said Carnival Cinemas, which is undergoing insolvency proceedings, failed to repay tranches of security deposits as per agreed terms. As a result, BookMyShow converted Rs 53 crore dues from Carnival Cinemas into a loan and has submitted its claim in the corporate insolvency resolution process as a financial creditor. Based on the management’s assessment, a provision of Rs 45 crore has been made.
Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande together hold about 32% stake in the company, with Hemrajani and Dar owning 10.97% each and Balpande holding 9.9%. Media company Network18 holds 45.71%, while other shareholders include private equity firms Accel and SAIF Partners.
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