wordpress blog stats
Connect with us

Hi, what are you looking for?

Saregama Posts Net Profit Of Rs 2.55 Crore; Total Revenues At Rs 32.10 Crore

Saregama India has posted a net profit of Rs. 2.55 crore in the quarter ended 3oth June 2011. This is a major increase compared to a profit of Rs 42 lakh that it reported in the same quarter, last year. The company’s total revenues at the end of the quarter stand at Rs 32.10 crore, an increase against Q1FY11’s revenues of Rs 26.55 crore. The basic and diluted EPS was Rs 1.47, against Rs 0.24 in the corresponding quarter, last year.

Revenue from the Music segment was Rs 27.01 crore, while the segment witnessed profits of Rs 9.66 crore. Revenue from Films and Television serials was Rs 4.88 crore, while the segment reported losses of Rs 1.95 crore.

Last month, Saregama announced the acquisition of a 10% equity stake in Timbre Media, the same company which provided music programming to satellite radio service WorldSpace. The company will act as the content provider and distributor for the soon to be launched radio stations, on Internet, mobile and DTH platforms, reviving the WorldSpace brand.

Saregama had also made multiple appointments in its Music management division to facilitate its growth in the music delivery value chain, appointing R.Madhusudhan as Head of its Digital business.

Download: Financials

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Tips Music has signed a global licensing deal with Facebook, the label announced in a press release on December 28. Essentially, this will allow...

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ