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Tag: Saregama India Limited

  • Saregama IP boosts profits despite revenue fall in first quarter

    Saregama IP boosts profits despite revenue fall in first quarter

    BENGALURU: India music label and movie studio Saregama India Ltd (Saregama) reported 100 times growth in consolidated profit after tax (PAT) at Rs 22.01 crore for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the Rs 0.22 crore for the corresponding year ago quarter Q1 2020. The company’s consolidated operating revenue declined 39.2 percent y-o-y in Q1 2021 to Rs 76.49 crore from Rs 125.90 crore in Q1 2020.

    Saregama says in a media release for the quarter that the primary profit driver was the increased consumption of Saregama IP: Music, Films, TV Serials on digital media by people staying at home. “There is more content getting consumed by more number of people in the post-Covid2019 era than the pre-Covid2019 one. These results have come despite Caravan sales slowing down in light of retail network being shut and no new shoots of our TV serials during this quarter.”

    Saregama has mentioned the following highlights in its earnings release: (1) New Licensing deals with Facebook and Spotify (2) Two Yoodlee films released on Netflix: Chaman Bahaar and Axone. Both trended on Netflix Top 10 list says Saregama (3) License (remake, dubbing) deals for 2 Tamil TV serials in Telugu language (4) Carvaan sale re-started around mid-June and 15,000 units were sold during the quarter. There was a steep increase in the consumption of podcasts on Carvaan 2.0 during this period.

    Saregama consolidated operating EBITDA for the period under review increased 122.6 percent (more than doubled) y-o-y to Rs 42.79 crore (55.9 percent of operating revenue) as compared to Rs 19.22 crore (15.3 percent of operating revenue).

    Segment numbers for Q1 2021

    Saregama has three segments in Music; Films and Television Serials; and Publication.

    The company reported operating revenue of Rs 69.64 crore for Q1 2021 which was 36.8 percent lower y-o-y than the Rs 110.17 crore in Q1 2020. Operating result for the segment however almost tripled (increased by 198.8 percent) to Rs 38.5 crore in Q1 2021 from Rs 13 crore in Q1 2020.

    Films and Television Serials segment reported 58.9 percent decline in operating revenue in Q1 2021 to Rs 5.87 crore from Rs 14.29 crore in Q1 2020. The segment’s operating loss increased in Q1 2021 to Rs 3.61 crore from an operating loss of Rs 1.17 crore in Q1 2020.

    Publication segment operating revenue declined 93.2 percent to Rs 0.98 crore in Q1 2021 from Rs 14.4 crore in Q1 2020. Operating results for Q1 2021 was a higher operating loss of 3.13 crore as compared to an operating loss of Rs 3.05 crore in the corresponding year ago quarter.

    Let us look at the other numbers reported by Saregama for Q1 2021

    Consolidated total income (operating revenue plus other income) for Q1 2021 declined 36.1 percent y-o-y to Rs 81.86 crore from Rs 128.08 crore. Consolidated total expenses in Q1 2021 declined 53.2 percent y-o-y to Rs 59.85 crore from Rs 127.86 crore in Q1 2020.

    Consolidated cost of materials consumed/Contract manufacturing charges for the quarter under review declined to by 98.8 percent to Rs 0.33 crore from Rs 26.95 crore in Q1 2020. Consolidated cost of production of Films and TV serials in Q1 2021 declined 86.7 percent y-o-y to Rs 1.79 crore from Rs 14.40 crore in Q1 2020. Consolidated employee benefits expense in Q1 2021 increased 13 percent y-o-y to Rs 17.44 crore from Rs 15.44 crore in Q1 2020.

    Consolidated finance costs in Q1 2021 declined 50 percent to Rs 0.95 crore from Rs 1.90 crore. Consolidated advertisement and sales promotion costs in Q1 2021 declined 80.3 percent to Rs 6.07 crore from Rs 30.76 crore in Q1 2020. Consolidated royalty expenses in Q1 2021 fell 6.6 percent y-o-y to Rs 13.29 crore from Rs 14.23 crore in Q1 2020. Consolidated other expenses during the period under review fell 42.9 percent y-o-y to Rs 10.94 crore from Rs 19.16 crore in the corresponding year ago quarter.
     

  • Saregama launches Carvaan Mini Shrimad Bhagavad Gita

    Saregama launches Carvaan Mini Shrimad Bhagavad Gita

    Mumbai: After the successful launch of Carvaan Mini variants in spiritual genre like Bhakti and Gurbani, Saregama launches a dedicated variant of Carvaan Mini –  Shrimad Bhagavad Gita pre-loaded with 18 Adhyay, 700 verses and over 100 Krishna Bhajans. The verses play in Sanskrit along with translation in simple Hindi language making it easy for every generation to understand. All the verses are recorded in soothing and affirmative voice of Shailendra Bharti. Additionally, it also has more than 100 Krishna Bhajans sung by legends like Lata Mangeshkar, Hari Om Sharan, Jagjit Singh, Anup Jalota and many more. Carvaan Mini Shrimad Bhagavad Gita is one of its kind audio player at this price point.

    Carvaan Mini Shrimad Bhagavad Gita is an ideal product for everyone who wants to understand the ancient preaching scripted in the book and its relevance in today’s life. The device is extremely simple to operate and can be used by people across different age groups. Like all Carvaan Mini variants, this too offers uninterrupted listening experience without any internet or ad breaks.

    Carvaan Mini Shrimad Bhagavad Gita doubles up as an FM/ AM radio with the option to tune into local station anytime. The listeners can also enjoy their personal music collection on Carvaan Mini by plugging in a USB drive or by connecting their phones via Bluetooth. It comes with a long-lasting battery life and listeners can revel in upto 4 hours of uninterrupted music. Not just this, Carvaan mini also supports Aux/ Aux Out feature. It comes with 6 months warranty across India.

    Vikram Mehra, Managing Director, Saregama India Limited says, “Bhagwad Gita is relevant for all generations and age groups. Carvaan Mini Shrimad Bhagvad Gita is our attempt to bring the teachings of Bhagwad Gita to every home in simple Hindi language at just press of a button”

    The Carvaan Mini Shrimad Bhagavad is reasonably priced at Rs 2490/- and is available on the Saregama website and your nearest retail outlets.

    Log in to www.Saregama.com and book one for your family today! We will gift wrap it for you at no additional cost to make the occasion even more special.

  • Saregama Q1-2014 results subdued: Film & TV soaps segment profitable for first time

    Saregama Q1-2014 results subdued: Film & TV soaps segment profitable for first time

    BENGALURU: Saregama India Limited (Saregama) reported total income of Rs 35.81 crore, 5.01 per cent higher than the Rs 34.10 crore for Q1-2013, but 25.32 per cent lower than the Rs 25.32 crore for Q4-2013.

     

    Saregama’s Film and TV serials segment reported a profit before interest and tax of Rs 0.37 crore for the first time in Q1-2014, hence adding to the company’s profit.

     

    Saregama reported a PAT of Rs 1.83 crore for Q1-2014 which was 27.38 per cent lower than the Rs 2.52 crore for Q1-2013 and 21.12 per cent lower than the Rs 2.32 crore for Q4-2013.

     

    Let us look at Saregama’s other figures for Q1-2014

     

    The company’s net sales (net of excise duty) for Q1-2014 was Rs 12.82 crore, 12.55 per cent lower than the Rs 14.66 crore for Q1-2013 and 33.23 per cent lower than the Rs 19.20 crore for Q4-2013.

     

    Saregama’s license fees income for Q1-2014 at Rs 22.96 crore was 19.27 per cent higher than the Rs 19.25 crore in Q1-2013, but 20 per cent lower than the Rs 28.71 crore in Q4-2013.

     

    Saregama’s total expense for Q1-2014 at Rs 34.07 crore was 5.84 per cent more than Rs 32.19 crore y-o-y (as compared to Q1-2013), but 30.26 per cent lower than the Rs 48.85 crore q-o-q (as compared to Q4-2013).

     

    The company’s royalty payment for Q1-2014 at Rs 3.44 crore was 13.53 per cent more than the Rs 3.03 crore in Q1-2013, but was 10.18 per cent less than the Rs 3.83 crore paid in Q4-2013.

     

    Saregama’s provision for doubtful debts at Rs 2.11 crore was almost double the Rs 1.08 crore for Q1-2013, but less than a fifth (19.92 per cent) of the Rs 10.59 crore for Q4-2013.

     

    Saregama paid Rs 2.21 crore towards advertisement and sales promotion for Q1-2014 which was more than double (2.1 times more) than the Rs 1.05 crore for Q1-2013 and 57.7 per cent lower as compared to the Rs 3.83 crore in Q4-2013.

     

    Saregama’s cost of production of Films, television and portal at Rs 8.97 crore in Q1-2014 was 20.24 per cent more than the Rs 7.46 crore for Q1-2013 and 22.87 per cent lower than the Rs 11.63 crore for Q4-2013.

     

    The company’s profit from operations before other income, finance costs and exceptional items for Q1-2014 at Rs 1.74 crore was 8.9 lower than the Rs 1.91 crore for Q1-2013. For Q4-2013, Saregama’s incurred a loss from operations before other income, finance costs and exceptional items of Rs 0.90 crore.

     

    Saregama had other income of Rs 1.39 crore for Q1-2014 which was 48.87 per cent higher than the Rs 0.94 crore for Q1-2013 but less than a fourth (24.3 per cent) of the Rs 5.72 crore for Q4-2013.

     

    Saregama paid 30.56 per cent lower interest cost of Rs 0.50 crore for Q1-2014 as compared to the Rs 0.72 crore for Q1-2013. Its interest cost of Rs 0.61 crore for Q4-2013 was 18.03 per cent higher than the interest cost for Q1-2014.

     

    Let us look at Sargama’s segment results for Q1-2014

     

    Saregama’s Music segment had revenue of Rs 25.09 crore which was 7.55 per cent lower than the Rs 27.14 crore in Q1-2013 and 28.13 per cent lower than the Rs 34.91 crore for Q4-2013. Profit before tax and interest expense from this segment at Rs 9.31 crore was 22 per cent lower than the Rs 11.94 crore for Q1-2013 and less than half (47.5 per cent) of the Rs 19.60 crore for Q4-2013.

     

    Capital employed (segment assets minus segment liabilities) by Saregama’s Music segment for Q1-2014 at Rs 78.18 crore was 17.56 per cent higher than the Rs 66.5 crore and 3.2 per cent more than the Rs 75.75 crore for Q4-2013.

     

    Revenue from Saregama’s Film and Television serials segment at Rs 10.72 crore was 54 per cent more than the Rs 6.96 crore in Q1-2013 but 17.8 per cent lower than the Rs 13.04 crore for Q4-2013. Capital employed by the Film and Television serials segment (segment assets minus segment liabilities) for Q1-2014 was Rs 17.62 crore, which was 6.23 per cent lower than the Rs 18.79 crore for Q1-2013 and 12.86 per cent lower than the Rs 20.22 crore for Q4-2013.

     

    As mentioned above, this segment returned a profit before interest and tax of Rs 0.37 crore for the first time in Q1-2014 as compared to the losses in previous quarters.