Saregama India Ltd
SAREGAMAConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
14 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 14 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220510 | 2022-03-31 | yes | |
| TRANSCRIPT | 20231109 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240215 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240531 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240812 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250214 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250523 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250808 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251112 | 2025-09-30 | yes | |
| TRANSCRIPT | 20251222 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260210 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260521 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
SAREGAMA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 498.45 |
| 52-week range | 311.1 – 557.25 |
| Return 1M | -1.24% |
| Return 3M | 3.69% |
| Return 1Y | 4.63% |
| Return 3Y | 37.64% |
| Return 5Y | 32.29% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 264.00 |
| Other income | 4.00 |
| Total income | 268.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 27.00 |
| Finance costs | 2.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.61 | 0.00 |
| institutions foreign | 0.12 | -0.01 |
| institutions domestic | 0.09 | 0.01 |
| mutual funds | 0.03 | 0.01 |
| public | 0.39 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 14 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 189.00 | 185.00 | 207.00 | 163.00 | 172.00 | 204.00 | 263.00 | 205.00 | 242.00 | 483.00 | 241.00 | 207.00 | 230.00 | 260.00 | 287.00 | 264.00 |
| Other income | 11.00 | 15.00 | 25.00 | 18.00 | 13.00 | 15.00 | 18.00 | 12.00 | 13.00 | 16.00 | 18.00 | 14.00 | 11.00 | 7.00 | 9.00 | 4.00 |
| Total income | 201.00 | 201.00 | 232.00 | 181.00 | 186.00 | 219.00 | 281.00 | 217.00 | 254.00 | 499.00 | 258.00 | 221.00 | 242.00 | 268.00 | 297.00 | 268.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 22.00 | 22.00 | 23.00 | 20.00 | 22.00 | 24.00 | 28.00 | 26.00 | 30.00 | 27.00 | 24.00 | 25.00 | 30.00 | 27.00 | 27.00 | 27.00 |
| Finance costs | 1.00 | 1.00 | 2.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Depreciation and amortisation | 5.00 | 6.00 | 7.00 | 7.00 | 8.00 | 9.00 | 12.00 | 13.00 | 14.00 | 15.00 | 17.00 | 17.00 | 19.00 | 21.00 | 24.00 | 24.00 |
| Other expenses | 110.00 | 101.00 | 135.00 | 93.00 | 90.00 | 115.00 | 165.00 | 128.00 | 151.00 | 372.00 | 136.00 | 126.00 | 132.00 | 141.00 | 139.00 | 143.00 |
| Total expenses | 138.00 | 130.00 | 167.00 | 122.00 | 120.00 | 149.00 | 205.00 | 167.00 | 195.00 | 415.00 | 182.00 | 170.00 | 181.00 | 191.00 | 192.00 | 196.00 |
| Profit before exceptional items and tax | 62.00 | 70.00 | 65.00 | 59.00 | 66.00 | 70.00 | 76.00 | 51.00 | 59.00 | 84.00 | 77.00 | 51.00 | 60.00 | 76.00 | 104.00 | 72.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 0.00 | 0.00 | -7.00 | -1.00 | 0.00 |
| Profit before tax | 62.00 | 70.00 | 65.00 | 59.00 | 66.00 | 70.00 | 76.00 | 51.00 | 59.00 | 84.00 | 82.00 | 51.00 | 60.00 | 70.00 | 103.00 | 72.00 |
| Current tax | 17.00 | 16.00 | 16.00 | 15.00 | 17.00 | 21.00 | 19.00 | 13.00 | 14.00 | 21.00 | 18.00 | 15.00 | 12.00 | 16.00 | 28.00 | 18.00 |
| Deferred tax | -1.00 | 2.00 | -0.00 | 1.00 | 1.00 | -3.00 | 3.00 | 1.00 | 1.00 | 1.00 | 4.00 | -0.00 | 4.00 | 2.00 | 1.00 | 0.00 |
| Tax expense | 16.00 | 18.00 | 16.00 | 16.00 | 18.00 | 18.00 | 22.00 | 14.00 | 14.00 | 22.00 | 22.00 | 15.00 | 16.00 | 18.00 | 29.00 | 19.00 |
| Profit for the period | 46.00 | 52.00 | 49.00 | 43.00 | 48.00 | 52.00 | 54.00 | 37.00 | 45.00 | 62.00 | 60.00 | 37.00 | 44.00 | 51.00 | 74.00 | 52.00 |
| Profit attributable to owners | 46.00 | 53.00 | 49.00 | 43.00 | 48.00 | 52.00 | 54.00 | 37.00 | 45.00 | 62.00 | 60.00 | 37.00 | 44.00 | 51.00 | 75.00 | 52.00 |
| Profit attributable to non-controlling interests | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -1.00 | 0.00 |
| Other comprehensive income | 11.00 | -3.00 | -17.00 | -0.00 | -1.00 | 0.00 | 1.00 | -1.00 | -2.00 | 3.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 10.00 |
| Total comprehensive income | 57.00 | 50.00 | 33.00 | 43.00 | 47.00 | 52.00 | 54.00 | 37.00 | 43.00 | 65.00 | 59.00 | 36.00 | 44.00 | 51.00 | 74.00 | 62.00 |
| Earnings per share, basic | 2.39 | 2.71 | 2.56 | 2.26 | 2.50 | 2.72 | 2.80 | 1.92 | 2.33 | 3.24 | 3.11 | 1.90 | 2.28 | 2.67 | 3.86 | 2.69 |
| Earnings per share, diluted | 2.39 | 2.71 | 2.56 | 2.26 | 2.50 | 2.72 | 2.80 | 1.92 | 2.33 | 3.23 | 3.11 | 1.90 | 2.28 | 2.67 | 3.86 | 2.69 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 521.00 | 442.00 | 581.00 | 751.00 | 803.00 | 1,171.00 | 985.00 |
| Other income | 11.00 | 31.00 | 35.00 | 61.00 | 64.00 | 58.00 | 42.00 |
| Total income | 533.00 | 473.00 | 616.00 | 812.00 | 867.00 | 1,229.00 | 1,027.00 |
| Cost of materials consumed | 107.00 | 21.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 3.00 | 25.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 67.00 | 70.00 | 73.00 | 86.00 | 93.00 | 108.00 | 109.00 |
| Finance costs | 7.00 | 3.00 | 5.00 | 6.00 | 3.00 | 6.00 | 5.00 |
| Depreciation and amortisation | 5.00 | 6.00 | 13.00 | 21.00 | 36.00 | 58.00 | 82.00 |
| Other expenses | 285.00 | 197.00 | 320.00 | 446.00 | 463.00 | 787.00 | 539.00 |
| Total expenses | 472.00 | 321.00 | 411.00 | 559.00 | 596.00 | 958.00 | 735.00 |
| Profit before exceptional items and tax | 60.00 | 152.00 | 204.00 | 254.00 | 271.00 | 271.00 | 292.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | -8.00 |
| Profit before tax | 60.00 | 152.00 | 204.00 | 254.00 | 271.00 | 276.00 | 284.00 |
| Current tax | 20.00 | 38.00 | 50.00 | 64.00 | 72.00 | 65.00 | 71.00 |
| Deferred tax | -3.00 | 1.00 | 1.00 | 0.00 | 1.00 | 7.00 | 7.00 |
| Tax expense | 17.00 | 38.00 | 52.00 | 65.00 | 73.00 | 72.00 | 78.00 |
| Profit for the period | 44.00 | 113.00 | 153.00 | 189.00 | 198.00 | 204.00 | 206.00 |
| Profit attributable to owners | 44.00 | 113.00 | 153.00 | 189.00 | 198.00 | 204.00 | 207.00 |
| Profit attributable to non-controlling interests | -0.00 | 1.00 | 0.00 | -0.00 | -0.00 | -0.00 | -1.00 |
| Other comprehensive income | -65.00 | 31.00 | 38.00 | -19.00 | -1.00 | -0.00 | -0.00 |
| Total comprehensive income | -22.00 | 144.00 | 191.00 | 170.00 | 197.00 | 204.00 | 206.00 |
| Earnings per share, basic | 25.29 | 65.61 | 8.43 | 9.83 | 10.27 | 10.62 | 10.73 |
| Earnings per share, diluted | 25.26 | 64.97 | 8.42 | 9.83 | 10.27 | 10.61 | 10.73 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 1,867.00 | 1,843.00 | 1,805.00 | 2,034.00 | 2,307.00 | 2,095.00 | 2,260.00 | 2,322.00 |
| Non-current assets | 490.00 | 575.00 | 472.00 | 812.00 | 858.00 | 892.00 | 1,020.00 | 1,429.00 |
| Current assets | 1,377.00 | 1,269.00 | 1,333.00 | 1,222.00 | 1,449.00 | 1,203.00 | 1,240.00 | 893.00 |
| Property, plant and equipment | 214.00 | 221.00 | 221.00 | 224.00 | 223.00 | 222.00 | 221.00 | 222.00 |
| Capital work-in-progress | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 294.00 |
| Other intangible assets | 79.00 | 114.00 | 146.00 | 513.00 | 562.00 | 610.00 | 741.00 | 513.00 |
| Inventories | 141.00 | 169.00 | 240.00 | 239.00 | 233.00 | 240.00 | 239.00 | 243.00 |
| Trade receivables | 119.00 | 151.00 | 118.00 | 159.00 | 165.00 | 143.00 | 131.00 | 177.00 |
| Cash and cash equivalents | 58.00 | 22.00 | 183.00 | 57.00 | 455.00 | 69.00 | 25.00 | 28.00 |
| Total equity and liabilities | 1,867.00 | 1,843.00 | 1,805.00 | 2,034.00 | 2,307.00 | 2,095.00 | 2,260.00 | 2,322.00 |
| Equity | 1,462.00 | 1,480.00 | 1,438.00 | 1,473.00 | 1,556.00 | 1,587.00 | 1,664.00 | 1,695.00 |
| Equity share capital | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 |
| Other equity | 1,439.00 | 1,458.00 | 1,416.00 | 1,450.00 | 1,534.00 | 1,564.00 | 1,642.00 | 1,673.00 |
| Total liabilities | 405.00 | 363.00 | 367.00 | 561.00 | 750.00 | 508.00 | 596.00 | 627.00 |
| Non-current liabilities | 60.00 | 59.00 | 52.00 | 264.00 | 251.00 | 90.00 | 74.00 | 116.00 |
| Current liabilities | 345.00 | 304.00 | 315.00 | 297.00 | 500.00 | 418.00 | 522.00 | 510.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 0.00 | 1.00 | 61.00 |
| Trade payables | 63.00 | 63.00 | 78.00 | 93.00 | 94.00 | 128.00 | 121.00 | 158.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 111.00 | 85.00 | 52.00 | 93.00 | 272.00 | 331.00 | 26.00 | 100.00 |
| Net cash from investing activities | -199.00 | -141.00 | 117.00 | 17.00 | 127.00 | -221.00 | -66.00 | -110.00 |
| Net cash from financing activities | -8.00 | -76.00 | -3.00 | -70.00 | 0.00 | -99.00 | -4.00 | -31.00 |
| Purchase of property, plant and equipment | 42.00 | 103.00 | 34.00 | 92.00 | 86.00 | 162.00 | 122.00 | 214.00 |
| Net increase in cash | -95.00 | -130.00 | 166.00 | 40.00 | 398.00 | 12.00 | -44.00 | -41.00 |
| con:CFO.BEFORE_TAX | 135.00 | 155.00 | 77.00 | 145.00 | 303.00 | 425.00 | 62.00 | 164.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 24.00 | 70.00 | 25.00 | 51.00 | 31.00 | 81.00 | 30.00 | 64.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -13.00 | -8.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 166.00 | 0.00 | 0.00 | 2.00 | 332.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 58.49 | 58.83 | 59.09 | 59.09 | 59.09 | 59.22 | 59.38 | 59.50 | 59.65 | 59.65 | 0.60 | 0.60 | 0.61 | 0.61 |
| Domestic institutions | 2.44 | 2.28 | 2.39 | 2.62 | 2.59 | 3.23 | 4.01 | 4.68 | 4.63 | 5.22 | 0.05 | 0.05 | 0.07 | 0.09 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 1.75 | 0.02 | 0.01 | 0.02 | 0.03 |
| Insurance companies | 0.01 | 0.01 | 0.01 | 0.07 | 0.23 | 0.37 | 0.44 | 0.69 | 0.64 | 1.67 | 0.02 | 0.02 | 0.03 | 0.04 |
| Foreign institutions | 17.71 | 17.79 | 17.12 | 16.81 | 16.05 | 17.22 | 17.29 | 15.70 | 16.45 | 16.68 | 0.17 | 0.14 | 0.12 | 0.12 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 41.27 | 40.93 | 40.65 | 40.65 | 40.65 | 40.52 | 40.38 | 40.26 | 40.05 | 40.01 | 0.40 | 0.39 | 0.39 | 0.39 |
| Non-institutional | 21.13 | 20.86 | 21.14 | 21.22 | 22.01 | 20.08 | 19.07 | 19.89 | 18.97 | 18.11 | 0.18 | 0.20 | 0.19 | 0.19 |
| Shares outstanding | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 | 192809490 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Kolkata Metro Networks Limited | Subsidiary Company | Any other transaction, Inter-corporate deposit | 252,055,000.00 | 2 |
| Saregama INC | Subsidiary Company | Any other transaction, Sale of goods or services | 239,659,000.00 | 2 |
| Saregama FZE | Subsidiary Company | Advance, Any other transaction, Interest received, L | 214,983,000.00 | 5 |
| Digidrive Distributors Limited | Fellow Subsidiary | Any other transaction, Sale of goods or services | 138,808,000.00 | 3 |
| Mr.Vikram Mehra | KMP | Any other transaction, Remuneration | 105,705,000.00 | 2 |
| RPSG Resources Private Limited | Entity jointly Controlled by KMP o | Any other transaction | 60,000,000.00 | 2 |
| Saregama Limited (formerly known as Saregama PLC) | Subsidiary Company | Sale of goods or services | 32,266,000.00 | 1 |
| Mr.Pankaj Chaturvedi | KMP | Remuneration | 10,986,000.00 | 1 |
| Pocket Aces Pictures Private Limited | Fellow Subsidiary | Any other transaction | 3,049,000.00 | 1 |
| Mrs.Priyanka Motwani | KMP | Remuneration | 771,000.00 | 1 |
| Mr.Santanu Bhattacharya | Director | Any other transaction | 280,000.00 | 1 |
| Mr.Umang Kanoria | Director | Any other transaction | 260,000.00 | 1 |
| Mr.Noshir Naval Framjee | Director | Any other transaction | 170,000.00 | 1 |
| Dr.Sanjiv Goenka | Director | Any other transaction | 100,000.00 | 1 |
| Mrs.Preeti Goenka | Director | Any other transaction | 100,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-11 | Q1FY27 | Read the call | |
| 2026-05-21 | Q4FY26 | FINANCIAL SERVICES LIMITED | Read the call |
| 2026-02-10 | Q3FY26 | SERVICES LIMITED | Read the call |
| 2025-12-22 | Q2FY26 | Read the call | |
| 2025-11-12 | Q2FY26 | Read the call | |
| 2025-08-08 | Q1FY26 | FINANCIAL SERVICES LIMITED | Read the call |
| 2025-05-23 | Q4FY25 | Read the call | |
| 2025-02-14 | Q3FY25 | SERVICES | Read the call |
| 2024-11-13 | Q2FY25 | SERVICES | Read the call |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | Read the call |
| 2024-05-31 | Q4FY24 | SAREGAMA INDIA LIMITED | Read the call |
| 2024-02-15 | Q3FY24 | SAREGAMA INDIA LIMITED | Read the call |
| 2023-11-09 | Q2FY24 | RELATIONS & ESG REPORTING). | Read the call |
| 2022-05-10 | Q4FY22 | SAREGAMA INDIA LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY26 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | All the key roles for music acquisition, marketing and monetization are now headed by experienced veteran with relevant cross-industry experience. | Whether it's the Pocket Aces acquisition, or the fact that we are coming out with the latest Bollywood releases has helped change our image and profil… | One thing which we are consistently able to deliver is a better hit ratio compared to everybody else in the market, and we attribute this completely t… | As shared earlier, with the acquisition of a minority stake in SLB, we plan to wind down our in- house movie business. | The first acquisition we did from this money was of a Telugu music label’s catalogue. | This would be after taking in benefit of synergies of Saregama or prior to the acquisition, they were independently growing at this rate? | If and when we people start realizing at any time that the sources of revenue are coming down, so does the cost of acquisition. | During the year, we also want to further consolidate our leadership position that we got with the acquisition of Nav Haryavni. |
| Costs | — | — | We are also investing along with the music on the artists who are making that music so that the recovery of the music can also happen from that indivi… | — | — | — | — | — |
| Debt and cash | 200 crores that is locked at this juncture as part of working capital sitting on my balance sheet, we people charge off the entire cost of the film or… | And the only capital that you need here is more in the nature of working capital, which again is going to be managed through internal accruals or mayb… | — | Saregama India Limited February 03, 2026 There are some of the times right now in the event business when we get a positive working capital. | Not sure about it because you see the quarterly shareholding pattern there has been some increase in Saregama as a shareholder in a group company and … | — | — | Organic content spends this year stood at about INR 285 crores, but the cash flow in the PPT about INR 186 crores. |
| Demand | And to capitalize on the demand for these songs on YouTube, we always have been contemplating the idea of generating brand-new videos, but cost was al… | — | We have also seen on video on demand part where SVOD numbers have gone up substantially. | Over the next 12 to 15 months, we will release most of our existing movie projects that are currently in the pipeline. | We have been maintaining this over the last eight quarterly calls, that till the COVID issue is not fully resolved both from demand side and supply si… | — | — | Whatever was there in the pipeline, that's the only thing we want to complete in FY27. Our focus will continue on the shorter format and TV series and… |
| Guidance | Whatever we do, whether in terms of new content, older content, every time people go out and spend money, we maintain our guidance of a 5-year payback… | February 09, 2024 With all the new investments, we are holding on to our internal guideline as well as guidance to you that the payback periods have t… | Our revenue has seen substantial growth faster than our guidance of 30% revenue increase for FY ‘25. | We have had a great Adjusted EBITDA percentage in this quarter, but rather than taking that as a guidance, we will continue with our guidance of 32%, … | Overall we delivered an operating income before content charge, interest and depreciation (OIBCID) of 38% and our commitment was in the range of 32% t… | This is our internal benchmark and guidance we work with and happy to share we are doing better than that. | Just wanted to get a sense as to when exactly should we expect these closures to come into our base? | What I'm proud of sharing is that H2 it also became a big testament to our music business guiding principles. |
| Margin | So, when you are looking at margin analysis also, please look at both the things combined. | For example, if an artist join works with Agency X, they may agree to give a margin A to them. | Our adjusted EBITDA increased by 25% on a Y-o-Y basis. | The other part that you should track, and if it's not working, we are fully responsible for that, are our EBITDA numbers. | For the first time films, television and series vertical crossed the 100 Crores annual revenue number and we delivered a committed margin of 15%. | The only thing which is left after adjusted EBITDA is the charge-off we are taking on new music. | With all these actions that we have taken, we believe that Carvaan in financial year '26 should start coming back to the mid-single- digit margin perc… | Together, it recorded revenue of INR 814 crores, which was 17% YoY growth and annual EBITDA stood at INR 517 crores with a 22% YoY growth and an annua… |
| People | — | — | — | — | Second question was when it comes to the QIP proceeds what is the utilization status of that are we seeing any good opportunity for acquisition? | — | — | That means we get paid a flat fee by this platform for utilization of our music across reels or posts during the year. |
| Pricing | Saregama India Limited November 05, 2025 We see under the age of 35, and I'm repeating under the age of 35, a very high inclination of people who are … | So, somebody sitting in Bombay, Delhi, Bangalore, Calcutta, Lucknow, Jaipur, will opt for a paid subscription as long as the pricing is reasonable . | — | — | May 02, 2022 our pricing power ability, see the good part with music IP is that if you want to listen to Badshah’s Paani Paani or Gangubai’s Meri Jaan… | With the price increases that some of the streaming platforms have started making | So we are getting it right and hopefully getting it right at the appropriate pricing. | And I'm very proud that the acquisition team stood its ground and refused to buy the album because of the pricing. |
| Revenue growth | So, platform X, if they had catalogue and the platform is still existing and is a free platform even today, you will see a revenue growth coming in. | After that, we will be back on track to start achieving 25%, 26% revenue growth at the company level. | We are fairly confident that while the volumes and the top line may shrink, the profitability margins will start improving as we go from quarter-to-qu… | The primary reason for this growth was the release of newer content, both on Hindi and the regional side and the partial negation of the Airtel Wynk r… | This was because a larger proportions of revenue growth in this quarter came from the films and television business which is a 15% margin business. | This is a year-on-year growth of 29% in revenue and 30% in PBT. | So I don't think revenue growth has been an issue right now in this particular year. | Quarter 4 of the financial year saw revenue from operations at INR 287 crores with a YoY growth of 19%. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2024-02-15 | Q3FY24 | SAREGAMA INDIA LIMITED | We believe over the next 5 years, we should be able to grow this vertical at a CAGR of 25%, And, in a stable state it should be able to give us a 15% margin. |
| 2024-02-15 | Q3FY24 | SAREGAMA INDIA LIMITED | And we people start building -- once again, giving me the confidence that we should be able to grow the revenue of the company at a 25% to 26% CAGR over the next 3 to 5 years. |
| 2024-05-31 | Q4FY24 | SAREGAMA INDIA LIMITED | Overall, at the company level, we expect revenue, , excluding Carvaan to grow upwards of 30% in FY25. Over the next three years, we will be investing over INR1,000 crores in new music content. |
| 2024-05-31 | Q4FY24 | SAREGAMA INDIA LIMITED | Overall, at the consolidated company level, we expect revenue , excluding Carvaan, to grow at a CAGR of 25% to 26% and PBT to double over the next three to four years. |
| 2024-05-31 | Q4FY24 | SAREGAMA INDIA LIMITED | We maintain our annual adjusted EBITDA guidance of 32% to 33%. |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | Overall, we aim for the music vertical - which includes licensing as well as artist management - to grow its revenue by a minimum 25% - 26% during the year. |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | We believe, over the next 5 years, we should be able to grow this business at 25% CAGR. |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | At the consolidated company level, we expect revenue, excluding Carvaan, to grow at a CAGR of 30% over the next 3 years and PBT to double over the next 3 to 4 years. |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | On the EBITDA side, we maintain our adjusted EBITDA guidance of 32% to 33% with the strength of -- the IP that we own, a long-term strategic thinking, adequacy of capital on our balance sheet and a fast- growing digital footprint. |
| 2024-08-12 | Q1FY25 | SAREGAMA INDIA LIMITED | I'm also maintaining our guidance of adjusted EBITDA at 32% to 33%. |