Saregama India posts 25% growth in consolidated revenue from operations in Q2 FY20

The company's consolidated PAT for Q2 FY20 is Rs 19.4 crore

e4m by exchange4media Staff
Updated: Nov 14, 2019 3:31 PM
Saregama India Limited

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 157.5 crore as compared to Rs 125.9 crore in Q1FY20, an increase of 25% quarter-over-quarter. 

Consolidated PAT for Q2 FY20 is Rs 19.4 crore in comparison to Rs 1.2 crore in the last quarter and Rs 15.7 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 250,000, and 19% on a half-yearly basis to 469,000.

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