Saregama India Limited Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended Dec. 31, 2017
January 24, 2018 at 01:13 pm IST
Share
Saregama India Limited reported unaudited financial results for the third quarter and nine months ended Dec. 31, 2017. For the quarter, the company reported revenue operations of INR 937.4 million against INR 542.3 million for the same period of last year. Profit before exceptional items and tax was INR 42.1 million against INR 24.5 million for the same period of last year. Profit before tax was INR 42.1 million compared to INR 24.5 million a year ago. Net profit for the period was INR 13.0 million or INR 0.74 per basic and diluted share against INR 12.4 million or INR 0.71 per basic and diluted share for the same period of last year.
For the nine months, the company reported revenue operations of INR 2,402.4 million against INR 1,504.6 million for the same period of last year. Profit before exceptional items and tax was INR 199.9 million against INR 96.2 million for the same period of last year. Profit before tax was INR 199.9 million compared to INR 96.2 million a year ago. Net profit for the period was INR 90.6 million or INR 5.20 basic and diluted share against INR 50.2 million or INR 2.88 per basic and diluted share for the same period of last year.
Saregama India Limited is an India-based music label, film studio and multi-language television content producer. The Company's segments include Music, Films/Television Serials and Events. The Music segment is primarily engaged in the business of manufacturing and sale of music storage devices, such as Music Card, Audio Compact Discs, Digital Versatile Discs and dealing with related music rights. The Film/ Television Serials segment is also engaged in production and sale/telecast/broadcast of films/ television serials, pre-recorded programs and dealing in film rights. The Company is global owner of both sound recording and publishing copyrights of Indian music across 14 different languages. Its portfolio includes intellectual property rights of over 4000 hours of television content produced for channels in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali languages. Yoodlee Films is its film production venture.
SAREGAMA INDIA LIMITED 
