Saregama Press release on Q4FY22 results
SAREGAMA RECORDS ALL-TIME-HIGH REVENUE AND PAT.
The Company’s Operating revenue rose 31% YoY at Rs.5806 Mn in FY22. PAT stood at
Rs.1526 Mn; up 35% YoY .
Total Income stood at Rs 6155 Mn, up 30% YOY. FY22 PBT at Rs.2044 Mn; up 35% YoY from Rs.1519 Mn in FY21. PAT Margin maintained at 26%.
Company’s Operating Income before Content Charge, Interest and Depreciation (OIBCID) rose 54% to Rs.2229 Mn in FY22 from Rs.1451 Mn in FY21.
Company’s Q4 FY22 Revenue from Operations at Rs.1802 Mn registered a 46% growth compared to same quarter last year. Q4 FY22 PBT stood at Rs.643 Mn as against Rs.503 Mn in the corresponding quarter last year (i.e. 28% YoY)
During this quarter, Company has acquired over 1500+ music IP belonging to 280 Telugu films from Mango Music. Company launched music of two big films: Sanjay Leela Bhansali’s Gangubai Kathiawadi and Mahesh Babu’s Sarkaru Vaari Paata. Both albums are super hits. Company released 135 films and non-films songs across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages.
In FY22, Company registered 17% 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 Mn 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 monetisation 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”