Saregama

Saregama India Limited invested over Rs 15 crore by way of subscription to the additional 25,975 fully paid up shares of face value Rs 10 of Pocket Aces offered through rights issue

Music label Saregama India Ltd on Tuesday reported a 6.2 per cent fall in its net profit to Rs 44.95 crore for the second quarter of the 2024-25 financial year despite a 40.5 per cent increase in revenue. Saregama India, which is a part of the RP Sanjiv Goenka Group, posted a net profit of Rs 47.99 crore in the corresponding quarter of the last fiscal, a statement said. The company reported a revenue of Rs 241.83 crore during the quarter that ended on September 30 as against Rs 172.35 crore in the same period of the previous fiscal. During the quarter under review, operational costs more than doubled to Rs 87.12 crore from Rs 40.60 crore, the statement said. Total expenses were at Rs 195 crore during the quarter as against Rs 119.95 crore in the year-ago period. "FY'25 has begun on a strong note, with our new music releases topping charts across different platforms. Diversification also gained momentum with successful live events and the launch of our third Saregama talent," the .

On Tuesday, during market hours, Saregama India logged a consolidated net profit at Rs 44.9 crore, down 6.6 per cent from Rs 48.1 crore a year ago

Karan Johar has been seeking to monetise his stake in Dharma Productions for a while, but previous deals failed due to differences over valuation

Analysts say Dharma would provide Saregama with a steady pipeline of big films and their music, pushing it up the value chain

Saregama India share price hit a record high of Rs 622 per share as it rallied 17% in the intra-ay trade today, zooming 80 per cent since April

During the quarter that ended on June 30, the company launched over 330 original recreations in various languages including Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, among others

The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.

Saregama, the country's oldest music label company owned by the RP-Sanjiv Goenka Group, on Thursday announced the acquisition of a majority 51.8 per cent stake in Pocket Aces Pictures, the youth-focussed digital content creator and publisher, for Rs 174 crore in an all-cash deal. The over 100-year-old Saregama, which was formerly known as The Gramophone Company of India, will also be picking up an additional 41 per cent in the fast-growing digital entertainment company over the next 15 months, the RPG Group statement said, adding the transaction completed is an all-cash deal. Pokcet Acers owns direct relationship with over 95 million younger digital-first customers across Instagram, Youtube, etc and boasts of an IP catalogue of over 3,000 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. Its talent management arm, Clout, manages over 100 digital influencers

Saregama Brings Back the Old World Charm with a Collection of Vinyls

According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.

Priced at Rs 3,990, the Saregama Carvaan Mini+ is unlike any other Bluetooth speaker available in the market. It is a standalone speaker with support for multiple input modes

The dual purpose of a musicbar and a Bluetooth soundbar is a novelty the Saregama Carvaan Karaoke Musicbar plays on

The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).

Apollo Hospitals is likely to be in limelight as the stock enters Nifty 50. It will be replacing IOC with effect from March 31.

Dish Tv too has bounced back from its major support level and can gain up to 8 per cent. Nazara Technologies, however, looks weak.

Saregama India, a part of RP-Sanjiv Goenka Group, is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years

Music label Saregama India on Wednesday reported a 37.78 per cent increase in its consolidated net profit to Rs 43.54 crore for the third quarter ended in December 2021.

Gains in some of the stocks in these two segments have been phenomenal. Shares of Brightcom Group, for instance, zoomed over 2,500 per cent in 2021

Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing