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Saregama Profits Increase 56.22% To Rs 2.49 Crores In Q2-FY14

Saregama India, One of India’s largest music labels, has reported an operating income of Rs 45. 53 crores for the quarter ending September 30, 2013, up 21.35% from Rs 35.81 crores reported at the end of June 30, 2013 and up 9.49% from Rs 41.21 crores reported at the end of the same quarter last year. Of this, Licensing Fees brought in Rs 29.08 crores for Q2-FY13, up 21.05% from Rs 22.96 crores reported in Q1, and up 6.95% from Rs 27.06 crores reported at the end of the same quarter last year. Net sales brought in comparatively less income, at Rs 16.37 crore. The company's net profit has increased to Rs 2.49 crores, up 26.51% from Rs 1.83 crores reported at the end of Q1-FY13 and up 56.22% from Rs 1.09 crores reported at the end of the same quarter last year. The company reported total expenses of Rs 43.60 crores for the quarter ending September 30, 2013, up 21.86% from Rs 34.07 crores at the end of quarter ending June 30, 2013 and up 10.16% from Rs 39.17 crores at the end of the same quarter last year. Of this amount, the cost of production of films, television serials and portal was reported at Rs 13.83 crores for the quarter ending September 30, 2013, up 35.86% from Rs 8.87 crores reported at the end of June 30, 2013 and up 45.19% from Rs 7.58 crores reported at the end of the same quarter last year. Segment wise revenue - Films &…

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