SAREGAMA Q2 Result: The country's oldest music label company SAREGAMA has released the results of the second quarter of the current financial year. The company said in the exchange filing that its profits have declined on an annual basis. The company's profit has come down from Rs 48 crore to Rs 45 crore. Talking about the company's earnings, there has been an increase in it. The company's earnings have increased from Rs 172 crore to Rs 242 crore.
 

The company said that there has been no change in its EBITDA. EBITDA remains at Rs 61 crore. There has also been a decline in EBITDA margin. Margin has come down from 35.3% to 25.2%.
 

Q1 quarter results
The music company's net profit in Q1FY25 stood at Rs 37.09 crore, down 14.38% from Rs 43.32 crore in the same quarter of the previous financial year. The company's consolidated earnings from operations grew by nearly 26% to Rs 205.28 crore in the June quarter from Rs 163.34 crore in Q1FY24.

In Q1FY25, Saregama India's consolidated EBITDA (excluding content charges) stood at Rs 68 crore, showing a 9% year-on-year growth as against Rs 62.3 crore in Q1FY24.

According to the company, the April-June 2024 quarter also saw the release of the chartbuster song 'Tauba Tauba' from the film 'Bad News', which dominated the music charts across the country.

 

Stock Performance
SAREGAMA stock has given a return of 4.65 percent in 1 week, 6.31 percent in 3 months, 56.34 percent in 1 year. The stock has given a return of 19.66 percent in 3 years. From January till now, the stock has given a return of 41.08 percent.