Saregama India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Saregama India Ltd reported a 9.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 5.1%.
• Its expenses for the quarter were up by 6.7% QoQ and down 7.0% YoY.
• The net profit increased 20.0% QoQ and decreased 2.5% YoY.
• The earnings per share (EPS) of Saregama India Ltd stood at 2.28 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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, a prominent player in the Indian entertainment and media industry, is well-known for its extensive catalog of music and film content. As one of the oldest music companies in India, Saregama holds a rich library of songs across various genres and languages. The company also operates in other segments such as television serials and digital content production. Recent developments include a focus on expanding its digital offerings and enhancing its consumer products, including its popular Saregama Carvaan, a digital music player with preloaded songs. The company is continuously exploring opportunities to leverage its vast library in the digital streaming space, catering to a growing audience seeking diverse content.

Revenue

During the second quarter of fiscal year 2026 (Q2FY26), Saregama India Ltd reported a total income of ₹241.50 crores. This represents a 9.3% increase from the previous quarter (Q1FY26), where total income was ₹221.00 crores. However, compared to the same quarter in the previous year (Q2FY25), there was a 5.1% decline, as the total income was ₹254.36 crores. The quarter-over-quarter growth suggests an improvement in revenue generation within the current fiscal year, although the year-over-year decline indicates challenges in maintaining the previous year's peak revenue levels.

Profitability

The company's profitability metrics for Q2FY26 show a Profit Before Tax (PBT) of ₹60.10 crores, which is a 17.7% increase from ₹51.05 crores in Q1FY26, and a marginal 1.3% increase compared to ₹59.30 crores in Q2FY25. The Tax outlay for Q2FY26 was ₹16.27 crores, showing an 11.9% increase from Q1FY26 and a 13.4% increase from Q2FY25. This resulted in a Profit After Tax (PAT) of ₹43.83 crores for Q2FY26, a 20.0% increase from Q1FY26's ₹36.51 crores, but a slight 2.5% decrease from the ₹44.95 crores reported in Q2FY25. These figures highlight the company's ability to improve quarterly profitability within the fiscal year, despite a slight dip on a year-over-year basis.

Operating Metrics

In terms of operational metrics, Saregama India Ltd's Total Expenses for Q2FY26 were ₹181.40 crores, representing a 6.7% increase from the ₹169.95 crores incurred in Q1FY26, while showing a 7.0% decrease compared to the ₹195.06 crores in Q2FY25. The Earnings Per Share (EPS) for Q2FY26 stood at ₹2.28, which is a 20.0% increase from ₹1.90 in Q1FY26, but a 2.1% decrease from the ₹2.33 reported in Q2FY25. These metrics reflect an increase in operational costs on a quarterly basis, while maintaining a lower expense profile compared to the previous year. The EPS figures further illustrate the company's ability to enhance shareholder value on a quarterly basis, despite a slight year-over-year reduction.