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Saregama India Ltd posts Rs. 31.58 crores consolidated PAT in Q3 FY2020-21
Posted On : 2021-01-21 13:09:46( TIMEZONE : IST )
SAREGAMA INDIA LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.137.32 crores during the period ended December 31, 2020 as compared to Rs.111.55 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.31.58 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.28.19 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.18.25 for the period ended December 31, 2020 as compared to Rs.16.35 for the period ended September 30, 2020.
| Financials | Q3 FY20-21 | Q2 FY20-21 | % Change |
| Total Income | ₹ 137.32 crs | ₹ 111.55 crs |  23.1% |
| Net Profit | ₹ 31.58 crs | ₹ 28.19 crs | 12.03% |
| EPS | ₹ 18.25 | ₹ 16.35 | 11.62% |
Financial Results (Q3 FY20-21) - YoY Comparison
The company has reported total income of Rs.137.32 crores during the period ended December 31, 2020 as compared to Rs.132.18 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.31.58 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.10.17 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.18.25 for the period ended December 31, 2020 as compared to Rs.5.85 for the period ended December 31, 2019.
| Financials | Q3 FY20-21 | Q3 FY19-20 | % Change |
| Total Income | ₹ 137.32 crs | ₹ 132.18 crs | 3.89% |
| Net Profit | ₹ 31.58 crs | ₹ 10.17 crs | 210.52% |
| EPS | ₹ 18.25 | ₹ 5.85 | 211.97% |
Financial Results (9 Months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.330.73 crores during the 9 months period ended December 31, 2020 as compared to Rs.420.66 crores during the 9 months period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.75.52 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.28.13 crores for the 9 months period ended December 31, 2019.
The company has reported EPS of Rs.43.57 for the 9 months period ended December 31, 2020 as compared to Rs.16.16 for the 9 months period ended December 31, 2019.
| Financials | 9 Months ended FY20-21 | 9 Months ended FY19-20 | % Change |
| Total Income | ₹ 330.73 crs | ₹ 420.66 crs |  -21.38% |
| Net Profit | ₹ 75.52 crs | ₹ 28.13 crs | 168.47% |
| EPS | ₹ 43.57 | ₹16.16 | 169.62% |
Saregama has consistently been able to increase monetisation of its IP (music, films, TV serials) over the last 12 quarters. Digitisation and low cost of data in India remain the growth driver of content consumption. This is further fuelled by the increase in smartphones & rising popularity of OTT apps.
With no new films getting released, Saregama focussed on creation/ acquisition of non-film Hindi and regional language songs over the last 10 months. Saregama has also bought music rights of four big banner Hindi films, expected to release in the next 6 to 14 months.
The Company recently launched Carvaan Mini Kids and Carvaan Karaoke, both of which have met with a lot of customer appreciation. Saregama sold 138K Carvaan units in Q3 FY21, up by 70% QoQ.
Saregama released the film 'Comedy Couple' on Zee5. The film has received 7.5 IMDb rating and has been trending since launch. With this movie the Company's movie studio Yoodlee has released15 films over the last 38 months.
The Tamil serial 'Roja' continues to reign at No.1 position (by TRPs) across all Tamil channels. Its views on Youtube have also grown significantly. Buoyed by its success, Saregama launched its 3rd serial 'Anbe Vaa' on Sun TV during this quarter. Within two months, the program has started getting high TRPs.
The fast growing digitisation-of-India, buoyed by present Covid situation, is the key driver of change in content consumption habits. This trend is expected to continue for a long time, and Saregama has aligned its content strategy to ride on this digital wave.
Shares of SAREGAMA INDIA LTD. was last trading in BSE at Rs.898 as compared to the previous close of Rs. 857.55. The total number of shares traded during the day was 10685 in over 1360 trades.
The stock hit an intraday high of Rs. 904 and intraday low of 848.5. The net turnover during the day was Rs. 9488849.
