Saregama India Ltd gained for a fifth straight session today. The stock is quoting at Rs 498.7, up 0.58% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. Saregama India Ltd has slipped around 0.3% in last one month. Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has slipped around 1.64% in last one month and is currently quoting at 1962.1, up 0.37% on the day. The volume in the stock stood at 3.37 lakh shares today, compared to the daily average of 8.01 lakh shares in last one month.The PE of the stock is 48.53 based on TTM earnings ending September 24.Powered by Capital Market - Live

Pocket Aces Pictures is a Youthfocussed digital content creator and publisher, boasts of an IP catalogue of over 3000 content pieces ranging across web series, sketches, music videos and reels on its channels FilterCopy, Nutshell and Gobble, and releases over 30 new pieces of content every day. Pocket Aces, being a material subsidiary of the company is a related party of the company. Thus, the investment in Pocket Aces is in the nature of related party transactions and is on an arm's length basis. Acquiring Pocket Aces will add on a whole new dimension of IP and a distribution network of over 95 million followers, which Saregama will leverage to further popularize its music library among the 18-35 audience segment. It will also create synergies across the artiste & influencer management and long-format video creation businesses of the two companies. The company has invested Rs 15 crore via subscription to the right issue of 25,975 equity shares of Rs 10 each as offered by Pocket Aces Pictures. Post-acquisition, shareholding in Pocket Aces has increased to 53.51% from 51.82%. Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country's musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products. The company's consolidated net profit decreased 6.65% to Rs 44.90 crore in Q2 FY25 as against Rs 48.10 crore posted in Q2 FY24. revenue from operations surged 40.31% YoY to Rs 241.83 crore during the quarter. Powered by Capital Market - Live

Saregama India announced that Kumar Ajit, Executive Vice President, Music & Retail of the Company, designated as Senior Management Personnel (SMP) has tendered his resignation with effect from 4th November, 2024 from the said post due to the reasons mentioned in the letter of resignation.Powered by Capital Market - Live

However, revenue from operations surged 40.31% YoY to Rs 241.83 crore during the quarter. Profit before tax in the second quarter of FY24 stood at Rs 59.30 crore, down 9.60% from Rs 65.60 crore recorded in the corresponding quarter previous year. Adjusted EBITDA stood at Rs 84.2 crore in Q2 FY25 as against Rs 72 crore in Q2 FY24 registering a YoY growth of 17%. The company reported EBIDTA margin of 35% in Q2 FY25 as against 42% recorded in Q2 FY24. The company reported an Adjusted EBITDA of Rs 84.2 crore for Q2 FY25, compared to Rs 72 crore in Q2 FY24, registering a year-on-year growth of 17%. The EBITDA margin stood at 35% in Q2 FY25, down from 42% in the same quarter of the previous fiscal year. Revenue from music and artist management decreased 2.58% to Rs 152.82 crore in Q2 FY25 from Rs 156.87 crore in Q2 FY24. Revenue from video surged to Rs 71.97 crore during the quarter from Rs 15.05 crore posted in corresponding quarter last year. On half year basis the company's consolidated net profit slipped 10.65% to Rs 81.82 crore in H1 FY25 as against Rs 91.58 crore posted in H1 FY24. However the company's revenue from operation jumped 33.19% YoY to Rs 447.11 crore in H1 FY25. Avarna Jain, vice chairperson Saregama India, said 'FY25 has begun on a strong note with our new music release topping charts across different platforms. Diversification also gained momentum with successful live events and launch of third Saregama talent. We are well on track to be India's premier entertainment company with IP being at the core of all its business activities'. Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country's musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products. Powered by Capital Market - Live

Net profit of Saregama India declined 6.65% to Rs 44.90 crore in the quarter ended September 2024 as against Rs 48.10 crore during the previous quarter ended September 2023. Sales rose 40.31% to Rs 241.83 crore in the quarter ended September 2024 as against Rs 172.35 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales241.83172.35 40 OPM %25.1635.32 - PBDT72.9473.85 -1 PBT59.3065.60 -10 NP44.9048.10 -7 Powered by Capital Market - Live

Saregama India Ltd gained for a third straight session today. The stock is quoting at Rs 528.45, up 3.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.6% on the day, quoting at 24194.3. The Sensex is at 79405.35, down 0.67%. Saregama India Ltd has slipped around 21.66% in last one month. Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has slipped around 8.66% in last one month and is currently quoting at 1982.85, up 0.09% on the day. The volume in the stock stood at 7.83 lakh shares today, compared to the daily average of 19.44 lakh shares in last one month.The PE of the stock is 49.99 based on TTM earnings ending June 24.Powered by Capital Market - Live

Saregama India will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

Saregama India Ltd is down for a fifth straight session today. The stock is quoting at Rs 502, down 0.66% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 24547.8. The Sensex is at 80424.19, up 0.25%.Saregama India Ltd has lost around 5.09% in last one month.Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has eased around 6.22% in last one month and is currently quoting at 1933.75, up 0.78% on the day. The volume in the stock stood at 9.11 lakh shares today, compared to the daily average of 34.8 lakh shares in last one month.The PE of the stock is 49.57 based on TTM earnings ending June 24.Powered by Capital Market - Live

Saregama India Ltd fell for a fifth straight session today. The stock is quoting at Rs 549.2, down 0.23% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 25026.3. The Sensex is at 81710.5, down 0.32%.Saregama India Ltd has gained around 5.69% in last one month.Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has eased around 3.83% in last one month and is currently quoting at 2056.5, up 0.05% on the day. The volume in the stock stood at 9.75 lakh shares today, compared to the daily average of 31.59 lakh shares in last one month.The PE of the stock is 53.95 based on TTM earnings ending June 24.Powered by Capital Market - Live

The media reports indicated that the deal might not materialize and is still in its early stages. This development comes at a time when the film industry is facing challenges due to box office volatility and rising star fees, making it difficult for production companies to operate independently. Recent projects from Dharma Productions include Kill, Bad Newz, Yodha, and Mr & Mrs Mahi. The upcoming release Jigra, starring Alia Bhatt, is set to hit theaters this week. Karan Johar has recently expressed concerns about the unprecedented compensation demands from movie stars, revealing in an interview that some actors had asked for Rs 40 crore in fees for Kill, which was the entire budget of the film. In response to the market speculation, Saregama India clarified to the stock exchanges that it regularly evaluates various strategic opportunities for growth and expansion. However, the company stated that there is no material event or information that requires disclosure. Saregama assured that it will make appropriate disclosures as and when necessary. Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50% of all the music ever recorded in India also makes Saregama the most authoritative repository of the country's musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products. On a consolidated basis, net profit of Saregama India declined 15.09% to Rs 36.92 crore on 25.68% rise in net sales to Rs 205.28 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live