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

Saregama 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. Recently In April this…

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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.

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