Music company Saregama India Limited’s profit increased by nearly 30 percent in the last March quarter. According to the company, profit during the March quarter was up 29.04 per cent at Rs 47.98 crore. The company had made a net profit of Rs 37.18 crore in the same period a year ago.
The company’s operating income grew by 46 per cent to Rs 180.24 crore during the quarter under review as against Rs 123.45 crore in the corresponding period of the previous financial year. The RP-Sanjiv Goenka Group company’s total expenses stood at Rs 134.80 crore, up 46.80 per cent from Rs 91.82 crore in the year-ago quarter.
Saregama’s net profit for the full financial year jumped 34.54 per cent to Rs 152.65 crore. In the previous financial year, it stood at Rs 113.46 crore. The company’s operating income stood at Rs 580.63 crore in the fiscal ended fiscal year 2020-21, up 31.37 per cent from Rs 441.96 crore in the financial year 2020-21.
Shares of Saregama India closed at Rs 431.85 on BSE on Monday, which is 2.07 percent higher than the previous close. Let us tell you that a day ago the share price was at Rs 423.10.