Movies & Entertainment company Saregama India announced Q4FY24 & FY24 results: Company’s Operating Revenue for Q4FY24 stood at Rs 2,631 million growing at 29% both on YoY as well as QoQ basis, with a strong adjusted EBITDA of Rs.864 million registering a YoY growth of 40%. Company delivered a PBT of Rs 760 million with a 31% YoY growth. Company’s Revenue from operations for FY24 stood at Rs 8,030 million with a strong adjusted EBITDA of Rs. 3,029 million with a margin of 38%. Company delivered a PBT of Rs 2,708 million with a 34% Margin and PAT of Rs 1,976 million for FY24 Avarna Jain, Vice Chairperson Saregama India, said “FY24 has been a significant year of transition with Saregama adopting a customer first approach, which is demonstrated by the diverse nature of content released across target segments, genres and languages. Our acquisition of digital entertainment company Pocket Aces, bold moves to launch artist management and event management segments is a testament to our strategy of being future ready. Result PDF
Movies & Entertainment company Saregama India announced Q3FY24 results: Financial Performance: - Total Operating Revenue for the quarter stood at Rs 2,043 million. - Adjusted EBITDA reached Rs 822 million, achieving a healthy margin of 40%. - Profit After Tax (PAT) was reported at Rs 523 million, marking a 9% increase over the second quarter of the fiscal year 2024. Dividends: - The board has declared an interim dividend of Rs 4 per share, which translates to a 400% dividend on the face value of Re 1 each. Acquisitions and Partnerships: - Saregama completed the acquisition of a majority stake in the digital entertainment company Pocket Aces Pictures Pvt Ltd in November 2023. Content and Digital Presence: - Music segment revenue saw a robust increase to Rs 1,690 million, bolstered by new content releases. - Several major music releases occurred, including Divine's song and India concert tour agreement. - Over 370 Originals and Premium Recreations were released across various languages. - Launched more than 1,700 derivative tracks driving the catalog’s growth. - Digital channels under Saregama's control have amassed 232 million followers and subscribers across various platforms. Live Events and Other Highlights: - Successful tours by artists like Diljit Dosanjh, and thematic events with celebrities such as Javed Akhtar. Avarna Jain, Vice Chairperson, Saregama India, said, “We continue to strengthen our position across IPs in music and video formats, catering to entertainment needs of different target groups, We are well on course of achieving our targeted content investment for this year, laying a strong foundation for profitable growth in the years to come. The legacy of rewarding shareholders continues with the board declaring a 400% dividend”. Result PDF
Movies & Entertainment company Saregama India announced Q1FY24 results: Company’s operating revenue stood at Rs 1,633 million with a strong adjusted EBITDA of Rs 623 million at a 38% Margin. PAT of Rs 433 million at a 27% margin, delivering a margin growth of 6% over Q4FY23 and 2% over Q1FY23. Music segment revenue grew strongly to Rs 1,491 million with new content continuing to contribute significantly to the Company’s revenue and profitability. Avarna Jain, Vice Chairperson, Saregama India, said, “Saregama continues to invest in content that generates healthy returns and fortifies its position as the leading music label. More importantly, our bets to diversify the business are well placed to realize the organization’s goal of being the leading entertainment company that continues to grow profitably. The success of our strategy is demonstrated in the Q1FY24 results with Operating revenue of Rs 1,633 million combined with 27% PAT margin”. Result PDF