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Saregama Q3-FY13: Net Profit Up 75.5% To Rs 4.95Cr; Revenues At Rs 51.43Cr

Saregama India has posted a net profit of Rs 4.95 crore in the quarter ended December 31, 2012, a substantial 75.5% increase from Rs 2.82 crore profit reported in the same quarter last year. The company reported total revenues of Rs 51.43 crore, up 29.3% from Rs 39.78 crore from the same quarter last year. While the revenue from the Music segment was Rs 36.83 crore for the quarter, witnessing a profit of Rs 11.42 crore. the revenue from Films and Television serials was Rs 14.61 crore for the quarter, witnessing Rs 1.28 crore loss. The company hasn't revealed any operational details for this quarter. In November 2012, Saregama appointed Surya Mantha, former Web18 CEO and VC with Omidyar Network, as its Managing Director. Although the appointment wasn't confirmed at the time, Mantha's LinkedIn profile suggests that he has been Saregama's managing director since January 2013.…

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