iism-ExpertTrading

SAREGAMA INDIA LTD have Broken its Long Retrestment Level

Long
NSE:SAREGAMA   SAREGAMA INDIA LTD
Company is almost debt free.

Company has delivered good profit growth of 29.6% CAGR over last 5 years

Company has been maintaining a healthy dividend payout of 36.0%




Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.


Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.


Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.


Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24



Key Operational Highlights:

➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical

➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.

➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.

➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.

➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.

➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.

➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.

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