Saregama India net profit rises 46.4 per cent to Rs 64.17 crore
The music record company saw revenue from its live events segment grow by 101 per cent during the September quarter of FY27.
Saregama India recorded a 46.4 per cent year-on-year rise in consolidated net profit to Rs 64.17 crore for the September quarter of FY27, according to a report by The Economic Times.
The RPSG Group company's revenue from operations climbed 36.63 per cent to reach Rs 314.30 crore during the same period. This follows a net profit of Rs 43.83 crore in the July-September quarter of the previous year.
The music segment generated Rs 251.3 crore in revenue, marking a 35 per cent increase. Meanwhile, revenue from live events grew by 101 per cent to Rs 44.7 crore, which the company attributed to a higher number of events.
Total expenses for the second quarter of FY27 rose by 31 per cent to Rs 237.69 crore. The company's total income, including other sources, stood at Rs 319.47 crore, up 32.28 per cent year-on-year.
Vice Chairperson of Saregama India Avarna Jain said the company is focused on maximising the value of its intellectual property through various monetisation avenues while investing in long-term growth opportunities.
For the first half of FY27, the total consolidated income of the company reached Rs 587.28 crore, representing a 27 per cent year-on-year increase. On Wednesday, shares of the company were trading at Rs 623.45 on the BSE.