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News Details

( As on 20/01/2023 17:30)

Saregama India Q3 net profit up 24.98% at Rs 53.09 cr

The company reported standalone net profit of Rs 53.09 crore for the quarter ended December 31, 2022 as compared to Rs 42.48 crore in the same period last year, registering a year-on-year growth of 24.98 per cent.

Net revenue of the company rose substantially by 23.88 per cent at Rs 181.58 crore in October-December quarter of this fiscal as against Rs 146.58 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.14 per cent to Rs 118.65 crore from Rs 93.32 crore in year ago period.

Other Income grew by 88.97 per cent at Rs 15.42 crore versus (Dec'21 Rs 8.16 crore).

Operating Profit surged by 18.16 per cent to Rs 62.93 crore as against Rs 53.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.62 per cent in December quarter.

Interest grew by 43.62 per cent y-o-y to Rs 1.35 crore, while Taxation increased by 24.59 per cent at Rs 18.04 crore (Dec'21 Rs 14.48 crore).