Markets India

Saregama India's Q2 net profit surged 46.4% year-on-year to Rs 64.17 crore, driven by a 36.63% revenue growth and a 101% spike in live events revenue. The music segment contributed Rs 251.3 crore, while live events revenue hit Rs 44.7 crore.

Saregama India Q2 Net Profit Jumps 46.4% to Rs 64.17 Cr

Saregama India reported a 46.4% year-on-year increase in consolidated net profit to Rs 64.17 crore for the September quarter of FY27, alongside a 36.63% rise in operational revenue. The music segment generated Rs 251.3 crore, up 35% YoY, while live events revenue surged 101% YoY to Rs 44.7 crore. Total income for H1 FY27 reached Rs 587.28 crore, up 27% YoY. Total expenses in Q2 FY27 were Rs 237.69 crore, up 31% YoY, while total income for the quarter was Rs 319.47 crore, up 32.28% YoY. Shares traded at Rs 623.45 on BSE, up 10.89% from the previous close. The company's strong performance highlights its diversification into live events, which grew faster than its core music business. Rising expenses may pressure profit margins if growth rates decelerate, though the stock's sharp rise reflects market confidence in its expansion strategy.

Saregama India's Q2 results show strong execution in music and live events, but the sustainability of live events' rapid growth remains a key challenge.

Topics: Finance, Technology, Entertainment, Music Industry, Live Events, Stock Market, India, Business, Investment

#SaregamaIndia #Q2FY27Results #NetProfitGrowth #LiveEventsRevenue #MusicIndustry #StockMarket #IndiaFinance #BusinessNews

Source: ET Markets