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Stock Report
Saregama India Ltd Q1FY22 consolidated net profit slips QoQ to Rs. 27.19 crore
Posted On : 2021-07-22 13:31:55( TIMEZONE : IST )
SAREGAMA INDIA LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.107.76 crores during the period ended June 30, 2021 as compared to Rs.142.09 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.27.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.37.03 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.15.62 for the period ended June 30, 2021 as compared to Rs.21.21 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 107.76 crs | ₹ 142.09 crs |  -24.16% |
| Net Profit | ₹ 27.19 crs | ₹ 37.03 crs | -26.57% |
| EPS | ₹ 15.62 | ₹ 21.21 | -26.36% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.107.76 crores during the period ended June 30, 2021 as compared to Rs.81.86 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.27.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.15.75 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.15.62 for the period ended June 30, 2021 as compared to Rs.9.09 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 107.76 crs | ₹ 81.86 crs |  31.64% |
| Net Profit | ₹ 27.19 crs | ₹ 15.75 crs | 72.63% |
| EPS | ₹ 15.62 | ₹ 9.09 | 71.84% |
- PAT Margin for Q1 FY22 is 26% against Q1 FY21 PAT margin of 21%
During this quarter, Saregama Launched many non-film "Original" songs across Hindi, Bhojpuri, Gujarati, Punjabi and Tamil languages. It's latest song "Paani Paani" by Badshah trended at no. 1 position across all music streaming platforms, social media and YouTube. The company also acquired music rights of the next set of films of India's biggest film directors, Sanjay Leela Bhansali and Shankar.
Covid (2nd wave) lockdowns adversely affected Carvaan sales for the quarter. Company still managed to sell 45K units of Carvaan in Q1 FY22.
The Tamil serial 'Roja' continues to hold its leadership position on SunTV. 'Collar Bomb', a Yoodlee film, recently got released in Disney +Hotstar, and was the most streamed content across OTT platforms in India during the week of 12th-18th July'21 (according to Ormax Media)
The rapid digitisation-of-India, further buoyed by the recent stay-at-home phenomenon, 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. 3260 as compared to the previous close of Rs. 3294.95. The total number of shares traded during the day was 1079 in over 234 trades.
The stock hit an intraday high of Rs. 3388.45 and intraday low of 3150.1. The net turnover during the day was Rs. 3464776.
