wordpress blog stats
Connect with us

Hi, what are you looking for?

Saregama Q3-FY15 net profit at Rs 1.29 Cr; Revenue down 8.86% to Rs 39.21 Cr

Saregama Logo

Saregama India, one of India’s largest music labels, has reported a net profit of Rs 1.29 crore for the quarter ended December 30, 2014 (Q3-FY15), registering 26.47 % increase from Rs 1.02 crore in the same quarter last year. In the previous quarter, the company had reported a net profit of Rs 2.06 crore.

The total operational income declined to Rs 39.21  crore for the quarter, down 8.86% from Rs 43.02 crore in the same quarter last year. It had posted operational revenues of Rs 41.2 crore in the previous quarter.

Music business down: Revenues from Saregama’s music business dipped by  2.03% to Rs 25.60 crore, from Rs 26.13 crore in the same quarter last year. The profit before tax for the segment increased to Rs 9.22 crore for the quarter, up 7.58% from Rs 8.57 crore in the same quarter last year.

Music revenues now contribute for 65.29 % of Saregama’s operational revenues for the quarter, up from 60.73% in the same quarter last year and 63% in the previous quarter.

Films and TV serial revenues down: Revenue from Films and TV serials was down by 19.42% to Rs 13.61 crore for the quarter, from Rs 16.89 crore in the same quarter last year. The company registered a loss before tax of Rs 23 lakh for the segment compared to the profit of  Rs 69 lakh from same quarter last year.

Advertisement. Scroll to continue reading.

The segment accounted for 34.71% of Saregama’s total revenues for the quarter, as compared to 39.26% in the same quarter last year and 36.9% in the previous quarter.

The company’s board also re-appointed Sanjiv Goenka as a director and also decided to accept resignation of  Harshavardhan Neotia as Director of the Company in November.

Written By

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

Views

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

You May Also Like

News

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...

Advert

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...

News

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...

News

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
Name:*
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