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Saregama Posts Rs 8.11 Cr Profit In FY13; Revenues At 185.99 Cr

Saregama India has reported a consolidated net profit of Rs 8.11 crore for the year ended March 31, 2013, a massive 637.2% growth from Rs 1.1 crore profit in the previous fiscal. The total consolidated revenue was at Rs 185.99 crore for the fiscal, up 15.6% from Rs 160.8 crore revenues in the previous fiscal. For the quarter ending March 31, 2013, Saregama posted a net profit of Rs 2.32 crore, a significant improvement from Rs 7.42 crore loss in the same quarter last year. The total revenue were at Rs 47.95 crore for the quarter, up from Rs 41.81 crore in the same quarter last year. Highlights - Music Revenues: The revenue from the Music segment was at Rs 34.91 crore for the quarter, up from Rs 34.62 crore in the same quarter last year. The profit before tax was at Rs 19.6 crore for the quarter, up from Rs 16.36 crore in the same quarter last year. For the entire fiscal, revenues from the Music segment was at Rs 139.8 crore, up from Rs 128.72 crore in the previous fiscal. The profit before tax was at Rs 48.42 crore, down from Rs 51.59 crore profit in the previous fiscal. - Flims and TV serials revenues: The revenue from Films and Television serials almost doubled to Rs 13.04 crore for the quarter, from Rs 7.19 crore in Q4-FY12. The loss before tax however increased to Rs 1.79 crore for the quarter, up from 0.73 loss in the same quarter last year. For the…

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