Movies & Entertainment firm Saregama India announced Q1FY23 Result :

• Q1 FY23 PAT up by 52% YoY to Rs.414 Mn
• The Company’s Operating revenue rose 61% YoY at Rs.1693 Mn in Q1 FY23.
• Company’s Operating Income before Content Charge, Interest and Depreciation (OIBCID) rose 54% to Rs.647 Mn in Q1 FY23 from Rs.421 Mn in corresponding quarter last year.
• Q1 FY23 PBT stood at Rs.558 Mn as against Rs.368 Mn in the corresponding quarter last year (i.e., 52% growth YoY)
• During this quarter, Company launched music of Mahesh Babu’s Sarkaru Vaari Paata in Telugu; Operation Romeo and Ittu Si Baat in Hindi with music from singers like Arijit Sigh and Jubin Nautiyal. It also released multiple ‘Originals’ songs sung by Neeti Mohan, Stebin Ben etc. Overall, Company released 186 films and non-films songs across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. The other highlight of the quarter was the use of our songs by brands like Dabur, Vogue Eyewear, TVF, One Card, PhonePe etc. in their ad films.
• With retail markets opening up, Carvaan continued to regain its momentum. Company sold 98k units in Q1 compared to 45k last year. During the last fortnight of June, Company also started test marketing two new variants namely, Music Bar with Karaoke and Carvaan Mobile.

Result PDF