Saregama India Limited has informed the Exchange about Investor Presentation
SAREGAMA · price
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Awaiting price reaction for this filing.
Saregama reported Q1 FY26 Revenue from Operations of Rs. 2,068 Mn, nearly flat YoY (up 1%) but down 14% QoQ. Adjusted EBITDA stood at Rs. 664 Mn with a margin of 32%, a sharp drop from 42% in Q4 FY25 though slightly better than 33% in Q1 FY25. Profit After Tax was Rs. 365 Mn (down 39% QoQ) and diluted EPS came in at Rs. 1.90. Music licensing remained the backbone at Rs. 1,490 Mn (up 12% YoY), while Retail and Video segments declined 31% and 23% YoY respectively. Events revenue jumped 410% YoY to Rs. 51 Mn on the Himesh Reshammiya CAP-MANIA tour. The company acquired NAV Records, a major Haryanvi music catalogue with 6,500+ songs and 24 Mn YouTube subscribers. Investor presentation outlines multi-year content investment of nearly Rs. 10,000 Mn by FY27E.
Results are stable on a year-on-year basis but the steep QoQ margin contraction from 42% to 32% may weigh on near-term sentiment, even as management emphasizes a 'balanced outlook.' The NAV Records acquisition strengthens the fast-growing Haryanvi catalogue and YouTube reach, supporting the long-term IP monetization story. Investors will watch whether margin recovery materializes in the coming quarters.