Saregama’s consolidated revenue crosses 600 cr
Kolkata, May 13 (UNI) Saregama, India’s oldest music label and the youngest movie studio, has announced its financial results for the 4th Quarter ended March 31, 2019 and Financial Year 2018-19.
The company’s consolidated revenues crossed Rs 600 crore in FY2019. Revenue from operations was up 53 per cent YoY.
Saregama garnered revenues of Rs 489.7 crore for its music business in FY 2018-19. The music licensing business registered a 33 per cent growth YoY in FY2018-19. The TV & Films business garnered revenues of Rs 47.6 crore in FY 2018-19.
The company continues with success of Carvaan and sustained growth of music licensing business, and has posted a profit before tax (PAT) growth of 92 per cent YoY in this year.
Carvaan continued in demand and the company registered 132 per cent growth and registered sales of 903K units during the current year, as against 389K in last year.
The company has registered sales of 214K units of Carvaan in Q4 of FY 2018.
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