Saregama India posts 25% growth in consolidated revenue from operations in Q2 FY20
The company's consolidated PAT for the Q2 FY20 is Rs 194 crore in comparison to Rs. 12 crores in the last quarter
Saregama, India’s oldest music label announced its financial results for the second quarter ended September 30. The company’s consolidated revenue from operations for Q2 FY20 is Rs. 1575 crores as compared to Rs.1,259 crores in Q1FY20, an increase of 25% quarter-over-quarter.
Consolidated PAT for the Q2 FY20 is Rs 194 crore in comparison to Rs. 12 crore in the last quarter and Rs 157 crore in the last year, the same quarter.
Licensing income continued on its growth trajectory and registered a 21% growth in revenue on a year-on-year basis in H1 FY20.
In spite of lower footfalls in consumer durable and telecom outlets during the festival season, Carvaan sales managed to grow. The number of units sold went up by 14% quarter-on-quarter to 250 K, and 19% on a half-yearly basis to 469K. The company continued its focus on increasing its penetration in mid and small-towns through awareness campaigns and distribution network expansion.
This was a great quarter for the film's division, Yoodlee, which licensed 4-movies during this quarter; out of which 2 movies were delivered to Hotstar. Yoodlee films have the rare honor of being the only production house having original films on both, Netflix and Hotstar.
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