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During this quarter, Company has acquired over 1500+ music IP belonging to 280 Telugu films from Mango Music
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Saregama, a RPSG Group company, announced its financial results for the quarter and year ended March 31, 2022.
Total Income stood at Rs 6155 million, up 30 per cent YoY. FY22 PBT at Rs 2044 million; up 35 per cent YoY from Rs1519 million in FY21. PAT Margin maintained at 26 per cent.
Company’s Operating Income before Content Charge, Interest and Depreciation (OIBCID) rose 54 per cent to Rs 2229 million in FY22 from Rs 1451 million in FY21.
Company’s Q4 FY22 Revenue from Operations at Rs 1802 million registered a 46 per cent growth compared to same quarter last year. Q4 FY22 PBT stood at Rs 643 million as against Rs 503 million in the corresponding quarter last year (i.e. 28 per cent YoY).
During this quarter, Company has acquired over 1500+ music IP belonging to 280 Telugu films from Mango Music.
In FY22, company registered 17 per cent growth in Carvaan sales; 4.01 lakhs units sold in FY22 as against 3.44 lakhs units in FY21.
In FY22 Films, Web Series and TV serials vertical crossed Rs 1000 million revenue for the very first time. Company managed to deliver its first digital web series to a leading digital platform. Company also delivered two Marathi films.
Avarna Jain, Vice Chairman Saregama India, said, “India's sustained economic growth and the universal acceleration of digital adoption by users across geographies are the key drivers of change in content consumption habits. This trend is expected to continue for a long time, and Saregama has aligned its content strategy to ride on this digital wave. The strategy includes monetization of existing content as well as acquiring content through increased investments."
Vikram Mehra, MD Saregama India, said, "Saregama is well poised to capture leadership position across Content IP industry. FY22 was a good year for the company, and we expect to continue this trend."