Mumbai: Saregama, a RPSG Group company, has announced its financial results for the quarter dnded 30 June, 2024.
The company’s adjusted EBITDA stood at Rs.680 million in Q1FY25 as against Rs.623 million in Q1FY24 registering a YoY growth of 9%. Profit Before Tax was Rs.507 million on the back of increased content investments.
Key Operational Highlights:
This quarter saw release of the song ‘Tauba Tauba’ from the movie ‘Bad Newz’. It also saw release of the Prabhas, Amitabh Bachchan, Deepika Padukone starrer ‘Kalki 2898 AD’. The other big album this quarter was movie ‘Mandakini’ whose song ‘Vatteppam’ topped charts in Malayalam. The ‘Disco’ song by Badshah from Yoodlee Film“Shinda Shinda No Papa” in Punjabi. In non-films the company released songs like ‘Morni’ by Raftaar in Hindi; ‘Kaala Chasma Laga Lijiye’ by Neel Kamal Singh in Bhojpuri; ‘Piyu Maano Maru’ by Kajal Maheriya in Gujarati and devotional song ‘Suno Krishna Pyaare’ by Swati Mishra etc.
During the quarter, the company released 330 plus Originals and Premium Recreations across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. Company also released 900 plus derivatives (LoFi, Trap Mix, Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
The other highlight of the quarter was the use of its songs for ‘Citadel Season 2’ that is running on Amazon Prime; for Dharma production film ‘Sunny Sanskari ki Tulsi Kumari’ in Hindi, for films like ‘Chandramukhi-2’ and ‘Thiruchitrambalam’ in Tamil; ‘Permalu’ in Malayalam; ‘The Family Star’ and ‘Toofan’ in Telugu etc. and by brands like HUL, Dabur, Adity Birla Group, Sabyasachi etc. in their ad films.
The company launched its third Saregama Talent Arjun Tanwar with the release of the song ‘Banjaare’. During the quarter 30+ Influencers/Artist were added taking the total Influencers/Artist managed by the company to 150+ (23% Growth Q-o-Q) with more than 100 million followers and subscribers on Instagram and YouTube.
In Q1FY25 Yoodlee released two Punjabi movies Gippy Grewal’s “Shinda Shinda No Papa” and the second installment of “Ni Main Sass Kuttni”. Both movies received a positive response from audiences.
Saregama’s Live started ‘Dil Luminati’ tour of Diljit Dosanjh. 11 concerts were held across the US and Canada in Q1FY25. It launched ‘That’s So Viraj- With Friends’ a live comedy show filled with laughter and entertainment with Clout exclusive artist Viraj Ghelani.
The digital footprint across Saregama owned and controlled channels touched 262 million followers and subscribers across YouTube, Instagram and Facebook.
Avarna Jain, vice chairperson Saregama India, said, “FY25 has begun on a strong note with our new music release topping charts across different platforms and Punjabi films also getting an excellent response from the viewers. Diversification also gained momentum with successful live events and launch of third Saregama talent. We have another exciting fiscal year coming up expecting the company to gain new heights”.
