Saregama has announced their financial results for the 4th Quarter ending March 31, and Financial Year 2018-19.
Saregama’s consolidated revenues crossed Rs 600 crore in FY2019. Revenue from operations was up 53 % YoY.
The company garnered revenues of Rs 489.7 crore for its music business in FY 2018-19 which was up by 65% from the same period last year.
The music licensing business registered a 33 per cent growth YoY in FY2018-19. Saregama’s Carvaan and Licensing business has forwarded a Profit After Tax (PAT) growth of 92% Year on Year (YoY).
Carvaan is facing a continuous demand that boosted 132% growth and registered sales of 903K units in 2019 as opposed to 389K units last year.
Saragema expects a sale of 214K units of Carvaan as of Q4 of 2019.
In a consolidated financial report from Saregama reveals that, the most revenue has been generated from music apart from their other sources such as TV & Films, and Publishing.
Saregama’s Q4 financial report
As compared to the quarterly revenues generated in the Q4-FY18, was INR 91.6 crores which grew to INR 112.1 crores in Q4-FY19.
The company has reported net sales of Rs.135.87 crores during the period ended March 31, 2019 as compared to Rs.112.82 crores during the period ended March 31, 2018.
A net profit of Rs.16.10 crores for the period ended March 31, 2019 as against Rs.21.45 crores for the period ending March 31, 2018. EPS of Rs.9.24 for the period ending March 31, 2019 as compared to Rs.12.31 for the period ending March 31, 2018.
Earlier in January, the music arm of Saregama bought in 92% of the company’s quarterly revenues which grew 45% year-over-year to ₹32.3 crore. The operational revenue of Saregama grew by 60% year-on-year to ₹150 crores from ₹93.7 crores in Q3-FY18.