Saregama India Ltd Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 12:43 pm
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Saregama India Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, net sales/income from operation was INR 209.6 million against INR 140.5 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 21.7 million against INR 16.4 million a year ago. Profit before tax was INR 42.2 million against INR 17.8 million a year ago. Net profit was INR 32.9 million or INR 1.89 per diluted share against INR 12.9 million or INR 0.74 per diluted share a year ago.
For the nine months, net sales/income from operation was INR 680.6 million against INR 444.5 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 68.0 million against INR 56.6 million a year ago. Profit before tax was INR 114.4 million against INR 88.5 million a year ago. Net profit was INR 85.1 million or INR 4.89 per diluted share against INR 67.3 million or INR 3.87 per diluted share a year ago.
Saregama India Limited is an India-based music label, film studio and multi-language television content producer. The Company's segments include Music, Films/Television Serials and Events. The Music segment is primarily engaged in the business of manufacturing and sale of music storage devices, such as Music Card, Audio Compact Discs, Digital Versatile Discs and dealing with related music rights. The Film/ Television Serials segment is also engaged in production and sale/telecast/broadcast of films/ television serials, pre-recorded programs and dealing in film rights. The Company is global owner of both sound recording and publishing copyrights of Indian music across 14 different languages. Its portfolio includes intellectual property rights of over 4000 hours of television content produced for channels in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali languages. Yoodlee Films is its film production venture.