Saregama India's Q1 FY 2025-26 Quarterly Results

Result Summary

• Saregama India Ltd reported a 21.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.6%.
• Its expenses for the quarter were down by 17.1% QoQ and up 1.9% YoY.
• The net profit decreased 32.3% QoQ and decreased 1.6% YoY.
• The earnings per share (EPS) of Saregama India Ltd stood at 1.9 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Saregama India Ltd is a prominent player in the Indian music industry, primarily engaged in the production and distribution of music content. The company is renowned for its extensive catalog of songs across various genres and languages. Apart from music, Saregama has diversified its portfolio to include television serials, films, and hardware products like the Saregama Carvaan, a digital audio player with preloaded classic songs. Saregama has a long-standing reputation in the industry, being one of the oldest music labels in India. Recent developments for the company include expanding its digital presence and leveraging its rich content library to cater to the growing demand for streaming services and digital consumption of music.

Revenue

In the first quarter of the fiscal year 2026, Saregama India Ltd reported a total income of ₹221.00 crores. This marks a decrease of 21.4% when compared to the ₹281.03 crores recorded in the previous quarter (Q4FY25). However, there is a slight year-over-year increase of 1.6% from ₹217.46 crores in Q1FY25. The revenue figures indicate fluctuations in the company's income over the quarters, influenced by various market dynamics and possibly seasonal factors affecting the entertainment industry. The company's consistent performance in maintaining revenue levels year-over-year highlights its resilient business model amidst changing market conditions.

Profitability

The company's profit before tax for Q1FY26 stands at ₹51.05 crores, showing a significant quarter-over-quarter decline of 32.9% from ₹76.04 crores in Q4FY25. Year-over-year, the profit before tax increased slightly by 0.7% from ₹50.70 crores in Q1FY25. Tax expenses for the quarter were ₹14.54 crores, a decrease of 34.3% from the previous quarter, yet up by 6.8% compared to the same quarter last year. The profit after tax was reported at ₹36.51 crores, a 32.3% decrease from the previous quarter's ₹53.91 crores and a slight decline of 1.6% year-over-year from ₹37.09 crores. Earnings per share for Q1FY26 remained steady year-over-year at ₹1.90, although it decreased by 32.1% from the previous quarter's ₹2.80.

Operating Metrics

Total expenses for Saregama India Ltd in Q1FY26 were ₹169.95 crores, reflecting a 17.1% decrease from ₹204.99 crores in Q4FY25 and a slight increase of 1.9% from ₹166.76 crores in Q1FY25. The reduction in expenses from the previous quarter aligns with the decline in total income, suggesting a strategic alignment of operational activities with revenue trends. The stability in year-over-year expenses indicates consistent management of operating costs. The company’s effective cost management is also reflected in the minimal year-over-year increase in expenses, balancing the slight rise in total income. The quarterly shifts in key financial metrics such as total income, expenses, and profit measures highlight the dynamic nature of the company’s financial operations.