Saregama India Q2 net profit jumps over 46 pc to Rs 64.2 cr revenue grows 36.6 pc

New Delhi, Nov 4 (PTI) Music record company Saregama India on Wednesday reported a 46.4 per cent year-on-year increase in its consolidated net profit to Rs 64.17 crore for the September quarter of FY27, led by its music business and expansion of live events.

     It had posted a net profit of Rs 43.83 crore in the corresponding July-September quarter a year ago, according to a regulatory filing from Saregama India, an RPSG Group company.

     Its revenue from operations was up 36.63 per cent to Rs 314.30 crore in the September quarter of FY27. It was at Rs 462.50 crore in the corresponding quarter.

     Total expenses were at Rs 237.69 crore, up 31 per cent in the second quarter of FY27.

     Saregama's revenue from 'Music' segment was at Rs 251.3 crore, up 35 per cent.

     Its revenue from live events was at Rs 44.7 crore, "registering 101 per cent YoY growth, supported by a higher number of events", the company said in its earnings statement.

     Saregama's total income, which includes other income, was at Rs 319.47 crore in the September quarter, up 32.28 per cent year-on-year.

     In the first half (H1) of FY27, total consolidated income of Saregama was at Rs 587.28 crore, up 27 per cent year-on-year.

     "We continued to build on our growth momentum during the quarter, supported by the performance of our music business and the expansion of our presence across live events and other entertainment formats.

     "Our focus remains on maximising the value of our intellectual property through multiple monetisation avenues, while maintaining financial discipline and investing in opportunities that support sustainable long-term growth," said Avarna Jain, Vice Chairperson, Saregama India.

     Shares of Saregama India Ltd were trading at Rs 623.45 on BSE on Wednesday, up 10.89 per cent from previous close.

(This story has not been edited by THE WEEK and is auto-generated from PTI)