Saregama India Limited — Updates, 10-02-2025: Press Release (Revised)

Saregama India Limited reported a record revenue of Rs. 4834 Mn for the quarter ended December 31, 2024, reflecting a remarkable growth of 100% quarter-on-quarter and 137% year-on-year. This surge was driven primarily by the success of the event segment, which contributed Rs. 2789 Mn compared to just Rs. 100 Mn in the previous year. Profit After Tax (PAT) also saw a healthy increase to Rs. 623 Mn, marking a 39% rise on a sequential basis and 19% year-on-year. The company successfully launched its big live musical concert series, "Dil Luminati," with over 375,000 attendees across 15 shows, setting records in the industry. Saregama continues to expand its music catalog by venturing into hip-hop with the acquisition of over 130 songs from MTV Hustle 4 and releasing a diverse array of over 1250 originals in multiple languages. The digital presence has grown to 324 Mn across social platforms, indicating strong engagement. The board declared an interim dividend of Rs. 4.50 per share, reinforcing a positive outlook as Saregama embraces an aggressive investment strategy for profitable growth.