Saregama India Ltd reports consolidated PAT of Rs. 37.03 crore in Q4FY21

SAREGAMA INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.142.09 crores during the period ended March 31, 2021 as compared to Rs.137.32 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.37.03 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.31.58 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.21.21 for the period ended March 31, 2021 as compared to Rs.18.25 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 142.09 crs	₹ 137.32 crs	3.47%
Net Profit	₹ 37.03 crs	₹ 31.58 crs	17.26%
EPS	₹ 21.21	₹ 18.25	16.22%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.142.09 crores during the period ended March 31, 2021 as compared to Rs.112.04 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.37.03 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.15.81 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.21.21 for the period ended March 31, 2021 as compared to Rs.9.12 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 142.09 crs	₹ 112.04 crs	26.82%
Net Profit	₹ 37.03 crs	₹ 15.81 crs	134.22%
EPS	₹ 21.21	₹ 9.12	132.57%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.472.82 crores during the 12 months period ended March 31, 2021 as compared to Rs.532.7 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.112.55 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.43.94 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.64.97 for the 12 months period ended March 31, 2021 as compared to Rs.25.26 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 472.82 crs	₹ 532.7 crs	-11.24%
Net Profit	₹ 112.55 crs	₹ 43.94 crs	156.14%
EPS	₹ 64.97	₹25.26	157.21%

Saregama has consistently increased the monetisation of its IP (music, films, TV serials) over the last 13 quarters. Digitisation and low cost of data in India remain the primary growth drivers of content consumption. This is further fuelled by the increase in smartphones, the rising popularity of OTT and social media apps.

Music Licensing revenue in FY21 is up by 20%.

During this quarter, Saregama launched many Hindi and regional language non-film "Original" songs, from likes of B Praak, Mohit Chauhan, Sanam, Kaka, Goldie Sohel and Ramji Gulati. Many of these songs trended on YouTube and OTT platforms.

With Carvaan Mini Kids continuing to win customer appreciation, Carvaan overall sold 110K units in Q4 FY21.

With one more movie licensed during the quarter, Yoodlee studio has released 16 films till now. The Tamil serial 'Roja' continues to hold its leadership position on Sun TV. The other two serials also continued registering high TRPs.

The fast-growing digitisation of India, buoyed by the 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.1990 as compared to the previous close of Rs. 1986.45. The total number of shares traded during the day was 1959 in over 468 trades.

The stock hit an intraday high of Rs. 2044 and intraday low of 1931.75. The net turnover during the day was Rs. 3909889.

Source : Equity Bulls

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