Q2 – FY2018
113% YoY growth in PAT
76 % YoY growth in Revenue
Mumbai, October 24, 2017: Saregama, the leading music brand and film studio, announced its financial results for the 2nd Quarter ended September 30, 2017 (Q2 FY2018). Buoyed by the success of its flagship product Carvaan, and leveraging on its rich music library across all platforms, the company has posted a revenue growth of 76% YoY on this quarter.
Financial Highlights:
Consolidated Results for Q2 FY2018: -
Vikram Mehra, MD, Saregama India Ltd, said, “We are excited that the Q2 results of the company has posted such healthy revenue figures. There are a host of exciting opportunities that are lined up in the coming months, and we are committed to continue on this upward curve as we go forward.”
About Saregama India:
Formerly known as The Gramophone Company of India Ltd, Saregama owns the largest music archives in India, one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. Saregama has now expanded into other branches of entertainment – it is involved in publishing, television software and digital content. It also runs studio facilities in Dum Dum, Kolkata making it one of the best end-to-end entertainment houses in the country.