Saregama India Reports 6.2% Fall In Q2FY25 Net Profit To Rs 44.95 Crore

Saregama India Ltd, part of the RP Sanjiv Goenka Group, announced a 6.2% decline in net profit to Rs 44.95 crore for Q2 of the 2024-25 fiscal year, despite an impressive 40.5% increase in revenue. This is in comparison to a net profit of Rs 47.99 crore during the same period last year.

For the quarter ending September 30, Saregama reported a revenue surge to Rs 241.83 crore, up from Rs 172.35 crore in the previous fiscal year. However, operational costs saw a significant increase, more than doubling to Rs 87.12 crore from Rs 40.60 crore, with total expenses rising to Rs 195 crore, up from Rs 119.95 crore year-on-year.

“FY'25 has started on a strong note, with new music releases topping charts across platforms. Diversification also gained momentum through successful live events and the launch of our third Saregama talent,” the company stated, underscoring its commitment to growth and expansion.