Saregama India Limited Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended Dec. 31, 2016
January 25, 2017 at 06:57 am EST
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Saregama India Limited reported unaudited financial results for the third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported profit from operations before other income, finance costs & exceptional items of INR 13 million against INR 21.7 million for the same period of last year. Profit from ordinary activities before tax was INR 22.2 million against INR 42.2 million for the same period of last year. Net profit for the period was INR 11.9 million or INR 0.63 per basic and diluted share against INR 32.9 million or INR 1.89 per basic and diluted share for the same period of last year. Net sales (net of excise duty) were INR 178 million against INR 209.5 million for the same period of last year.
For the nine months, the company reported profit from operations before other income, finance costs & exceptional items of INR 32.1 million against INR 68 million for the same period of last year. Profit from ordinary activities before tax was INR 80.5 million against INR 114.4 million for the same period of last year. Net profit for the period was INR 40.1 million or INR 2.3 per basic and diluted share against INR 85.1 million or INR 4.89 per basic and diluted share for the same period of last year. Net sales (net of excise duty) were INR 628.5 million against INR 680.6 million for the same period of last year.
Saregama India Limited is an India-based music label, film studio and multi-language television content producer. The Company's segments include Music, Films/Television Serials and Events. The Music segment is primarily engaged in the business of manufacturing and sale of music storage devices, such as Music Card, Audio Compact Discs, Digital Versatile Discs and dealing with related music rights. The Film/ Television Serials segment is also engaged in production and sale/telecast/broadcast of films/ television serials, pre-recorded programs and dealing in film rights. The Company is global owner of both sound recording and publishing copyrights of Indian music across 14 different languages. Its portfolio includes intellectual property rights of over 4000 hours of television content produced for channels in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali languages. Yoodlee Films is its film production venture.
SAREGAMA INDIA LIMITED 
