Saregama India Q2 results: Saregama India Q2 results: Net profit up 16.9% at Rs 34 cr

New Delhi: Music label Ltd on Monday reported a 16.87 per cent improve in its consolidated internet revenue at Rs 33.80 crore for the second quarter ended September 2021. It had posted a internet revenue of Rs 28.92 crore within the July-September quarter final fiscal, Saregama stated in a regulatory submitting.

Saregama’s income from operations was up 34.21 per cent at Rs 145.09 crore in the course of the interval underneath overview as in opposition to Rs 108.11 crore within the corresponding interval of the earlier fiscal.

Complete bills of the RP Sanjiv Goenka Group agency have been at Rs 104.91 crore in Q2/FY 2021-22 as in opposition to Rs 73.31 crore, up 43.1 per cent.

“The speedy digitisation-of-India, additional buoyed by the current stay-at-home phenomenon, is the important thing driver of change in content material consumption habits. This development is anticipated to proceed for a very long time, and Saregama has aligned its content material technique to experience on this digital wave,” the corporate stated in a publish assertion launch.

Throughout this quarter, Saregama launched a number of new songs throughout languages, together with the hit music of Akshay Kumar starrer Bell Backside and a number of non-films “Authentic” songs throughout Hindi, Bhojpuri, Gujarati, Punjabi, and Tamil languages, it stated.

Shares of Saregama India Ltd on Monday settled at Rs 4,216.80 apiece on the BSE, up 5 per cent from their earlier shut.