Saregama India Ltd News

Saregama rises 5% on acquiring controlling stakes in its arm Pocket Aces

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

Saregama India Q2FY25 results: Net profit falls 6.2% to Rs 44.95 crore

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 .

Why Spotify music distributor Saregama's stock went out of tune today?

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

Amid box office jitters, Saregama eyes majority stake in Dharma Productions

Saregama is in talks to acquire a majority stake in Karan Johar's Dharma Productions, though the deal may not finalise soon. The move comes amid box office volatility affecting studios

Media & entertainment stocks rally; Saregama, Tips Films zoom up to 20%

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

Saregama Q1 FY25 results: Revenue jumps 26% Y-o-Y to Rs 205.3 crore

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

Is the tide turning for media stocks? Dish TV, PVR Inox can rally up to 26%

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.