wordpress blog stats
Connect with us

Hi, what are you looking for?

Saregama reports Rs 3.36 Cr net profit, Rs 42.31 crore operating income

Saregama LogoSaregama India, one of India’s largest music labels, has reported a net profit of Rs 3.36 crore for the quarter ended June 30th, 2014 (Q1-FY15), an 83.6% increase in profit over the same quarter the previous year, wherein it reported a net profit of Rs 1.83 crore.  Operating income increased 18.15% by year-on-year to Rs 42.31 crore from Rs 35.81 crore.

Music revenues up 11.3%: While revenues from Music were up 11.13% year on year, at Rs 27.88 crore, Music accounted for around 65.89% of revenues, compared with 70% at Rs 25.09 crore for the same quarter last year. For the full year ended 31st March 2014, music accounted for 66.47% of revenues. The segment reported a profit of Rs 12.89 crore, up 38.45% year on year from Rs 9.31 crore in Q1-FY14. For the full year FY14, the segment reported a profit of Rs 42.64 crore.

Films and TV serial revenues up 34.61%: Revenue from Films and TV serials was up 34.61% year on year, at Rs 14.43 crore, accounting for 34.11% of total revenues. This was an improvement from the same quarter last fiscal, wherein it contributed 29.94% of revenues, and has been gradually increasing. For the full year ended 31st March 2014, music accounted for 33.5% of total revenues. The segment reported a loss of Rs 0.82 crore, whereas in the same quarter last year, it had reported a profit of Rs 0.37 crore. For the full year FY14, this division had reported a profit of only Rs 1.75 crore.


In April this year, Saregama had signed a partnership with the international digital distribution company Believe Digital for the digital distribution of its music catalogue in international markets, especially with the Indian diaspora. The company had also switched its focus to digital sales by licensing its physical rights to Sony DADC last July.

Saregama has also announced the appointment of Vikram Mehra as its MD. Surya Mantha had resigned in February.

Advertisement. Scroll to continue reading.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.


Find out how people’s health data is understood to have value and who can benefit from that value.


The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ