Saregama India Ltd Q2FY24; 2% rise in Profits

Saregama is the oldest music label company from India (established 1902, erstwhile “Gramophone Company of India” & then “HMV”). The company is aiming to be a pure-play content company supported by the global consumption boom. Since 2017, Saregama has been making headlines again owing to the launch of two unique initiatives, Saregama Carvaan and Yoodlee Films.

Financial Results:

Saregama India Ltd reported Revenues for Q2FY24 of ₹172.00 Crores down from ₹185.00 Crore year on year, a fall of 7.03%.

Total Expenses for Q2FY24 of ₹119.00 Crores down from ₹133.00 Crores year on year, a fall of 10.53%.

Consolidated Net Profit of ₹48.00 Crores up 2.13% from ₹47.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.49, up 3.32% from ₹2.41 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.