wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Saregama Q2-FY15 net profit at Rs 2.1 Cr; Revenue down 9.5% to Rs 41.2 Cr

Saregama Logo

Saregama India, one of India’s largest music labels, has reported a net profit of Rs 2.08 crore for the quarter ended September 30, 2014 (Q2-FY15), registering 16.5% decline from Rs 2.49 crore in the same quarter last year. In the previous quarter, the company had reported a net profit of Rs 3.36 crore.

The total operational income also declined to Rs 41.2 crore for the quarter, down 9.5% from Rs 45.53 crore in the same quarter last year. It had posted operational revenues of Rs 42.3 crore in the previous quarter.

Music business down: Revenues from Saregama’s music business dipped by 11.9% to Rs 25.96 crore, from Rs 29.46 crore in the same quarter last year. The profit before tax also declined to Rs 6.61 crore for the quarter, down 20.9% from Rs 8.36 crore in the same quarter last year.

Music revenues now contribute for 63% of Saregama’s operational revenues for the quarter, down from 64.7% in the same quarter last year and 65.9% in the previous quarter.

Films and TV serial revenues down: Revenue from Films and TV serials was down by 5.16% to Rs 15.24 crore for the quarter, from Rs 16.07 crore in the same quarter last year. The profit after tax also declined significantly to Rs 0.19 crore from Rs 2.54 crore profit in the same quarter last year.

Advertisement. Scroll to continue reading.

The segment accounted for 36.9% of Saregama’s total revenues for the quarter, as compared to 35.3% in the same quarter last year and 34.1% in the previous quarter.

New MD: In August this year, Saregama had appointed former Tata Sky Chief Commercial Officer Vikram Mehra as its managing director who joined the company last month. Mehra took over from Surya Mantha who had resigned in February this year.

The company had switched its focus to digital sales by licensing its physical rights to Sony DADC last July and it 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 in April this year.

Written By

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



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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