SAREGAMANSE15 May 2025

Saregama India Limited has informed the Exchange about Investor Presentation

Saregama India Limited

Date: 15th May, 2025

The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051

The General Manager, The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Symbol: SAREGAMA

Scrip Code: 532163

Subject: Update under Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Reference: Annual Audited Financial Results (Standalone and Consolidated) of the Company, for the quarter and financial year ended on 31st March, 2025.

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI Listing Regulations, as amended from time to time and in continuation to our earlier communication sent today, please find enclosed the following for the Annual Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended on 31st March, 2025:

1. Press Release on Earnings; and 2. Investor Presentation.

This information is available on the website of the Company www.saregama.com

You are requested to kindly take the abovementioned on record.

Yours Faithfully, For SAREGAMA INDIA LIMITED

Priyanka Motwani Company Secretary and Compliance Officer

Enclosed: As above

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com

Saregama posts highest ever Revenue of Rs. 11,713 Mn in FY25 registering a YOY growth of ~46% alongwith Adjusted EBITDA of Rs 3,566 Mn at YOY growth of 18%

Building IP for Tomorrow

Mumbai, May 15th, 2025: Saregama, a RPSG Group company, announced its financial results for the Quarter and Twelve Months Ended March 31, 2025

The company’s PBT for FY25 was Rs 2,761 Mn a growth over last year despite investment in content growing by 62%

Company’s Revenue from Operation for Q4 FY25 stood at Rs.2,408 Mn with a strong Adjusted EBITDA margin of 42% as compared to 33% Margin in Q4 FY24.

Company’s Profit After Tax for Q4 FY25 stood at Rs.599 Mn and Rs 2,042 for FY25

Investments in content grew at 62% to touch Rs 3,160 Mn, highest ever in the history of the company, well on course to invest Rs 10 Bn between FY25, FY26 and FY27

Key Operational Highlights:

Ø Music releases this quarter included the Hindi film Sky Force starring Akshay Kumar and Sara Ali Khan, and the romantic action-drama Dilruba by Yoodlee films; the Telugu film Court featuring Priyadarshi with the chartbuster song 'Premalo'; Tamil films Officer on Duty with Kunchacko Boban and Kingston starring G.V. Prakash Kumar; and the Kannada film Royal starring Viraat.

Ø Company released 700+ Film & Non-Film tracks in Hindi, Bhojpuri, Gujarati, Punjabi, Tamil,

Telugu, Malayalam, Marathi Bengali and other languages.

Ø Acquired 22 music labels across 7 languages with 2800+ songs during FY25

Ø Digital shows like Agra Affairs on Amazon MX Player, Oops Ab Kya on JioHotstar, High Heels

on Dice media were released in this quarter.

Ø Saregama Live concluded successful Live shows with Satinder Sartaaj in Mumbai & Delhi and

Viraj Ghelani in Mumbai, Ahmedabad and Vadodara

Ø This quarter various top brands like Tata Motors, Dream 11, Indriya Jewels etc used Saregama songs in their ads. Ashram S4 on Amazon MX Player, The Kapil Sharma Show on Netflix, JioHotstar for IPL Opening Ceremony, Traitors on Amazon Prime, Exam (Tamil Series) on Amazon Prime etc. licenced music from Saregama for their shows.

Ø During the quarter 30+ Influencers/Artist added taking the total Influencers/Artist managed by the Company to 230+ with more than 130Mn plus followers and subscribers on Instagram and YouTube.

Ø Digital footprint across Saregama owned and controlled channels touched 350 Mn followers

and subscribers across YouTube, Instagram and Facebook.

Avarna Jain, Vice Chairperson Saregama India, said “Another path breaking year for Saregama with highest ever revenue from operations, driven by clear strategy of aggressive investments and diversification of IP monetization, including music, video and live events. The company stands on the cusp of an exciting growth phase with huge opportunities in this fast growing sector”

About Saregama India Limited:

Saregama India Limited, formerly known as The Gramophone Company of India Ltd is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products.

About RPSG Group:

RP-Sanjiv Goenka Group is one of India’s fastest growing conglomerates with a significant global presence. The Group’s businesses include power and energy, carbon black manufacturing, retail, IT- enables services, FMCG, media and entertainment and agriculture.

QUARTERLY PRESENTATION | Q4 FY25

SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q4 FY25

Saregama strengths

QUARTERLY PRESENTATION | Q4 FY25

India’s only entertainment company with IP offerings across media channels (music, films, web series, short-format and TV serials), delivery platforms (digital and physical) and business models (licensing, advertising and retail)

Large IP portfolio of 170K+ songs, 70+ films, 45+ digital series and 10K+ hours of television content

Digital footprint : 350Mn+ subscribers and followers across YouTube, Instagram and Facebook

Increasing IP library with a growing presence in all leading Indian languages

Investments and Capabilities in Data Analytics and Artificial Intelligence for content acquisition and IP protection

Strong financial position with track record of revenue growth, margin expansion and cash flow generation

Strong licensing relationships with streaming applications and platforms for music and video

Experienced and creative leadership through Management Team and Promoter Group

Saregama | Key financial metrics

Revenue From Operations (INR Mn)

Adjusted EBITDA (INR Mn)

PBT(INR Mn)

QUARTERLY PRESENTATION | Q4 FY25

23% CAGR

11,713

40% CAGR

3,566

8,030

7,366

5,4475,215

5,806

4,420

3,566

2,185

3,029

2,712

2,230

1,451

786 763

511

237

847

603

389

159

43% CAGR

2,761

2,708

2,481

2,044

1,519

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

FY23 numbers are re-stated post impact of demerger

QUARTERLY PRESENTATION | Q4 FY25

GLOBAL INDUSTRY HIGHLIGHTS

QUARTERLY PRESENTATION | Q4 FY25

The growth of global music industry continues

Global recorded music revenue grew 4.8% to reach USD29.6 bn in 2024

0.6

0.7

0.9 0.3

0.8 0.9

0.9

1.8 0.1

22.2

20.9

21.5

18.4

17.9

16.7

15.1

1.1

2.5

0.2

1.2

3.2

0.3

10.9

1.2

3.5

0.4

9.5

0.3

1.3

3.6

0.4

0.3

1.3

0.6

8.1

7.4

0.3

1.4

4.2

0.9

6.8

0.3

1.6

4.1

1.3

6.1

0.6

2.9

0.8

0.6

2.7

0.9

0.6

2.5

0.9

0.5

2.3

1.1

19.3

20.4

17.5

15.7

0.4

2.2

1.2

0.4

2.4

1.4

12.7

10.7

0.4

2.5

1.6

8.8

0.4

2.2

2.5

6.2

0.3

1.7

3.8

1.8

0.3

1.8

3.6

2.6

0.3

2.1

4.4

5.3

5.1

4.9

4.8

4.1

3.9

3.7

4.3

4.5

5.1

4.8

1 9 9 9

2 0 0 0

2 0 0 1

2 0 0 2

2 0 0 3

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 0

2 0 1 1

2 0 1 2

2 0 1 3

2 0 1 4

2 0 1 5

2 0 1 6

2 0 1 7

2 0 1 8

2 0 1 9

2 0 2 0

2 0 2 1

2 0 2 2

2 0 2 3

2 0 2 4

Total Physical

Total Streaming

Downloads and Other Digital

Performance Rights

Synchronisation

Source: IFPI Global Music Report 2025

Subscription business is growing globally

QUARTERLY PRESENTATION | Q4 FY25

Spotify posts record-high operating profit for Q1 $509 Mn; subscriber base grows to 268 Mn paid users

Premium subscribers breakup

Source: Spotify Q1 25 Published Results

Indian Media & Entertainment sector is expected to grow at 7% pa on the back of digitisation; Saregama has a play in multiple verticals of the Sector

QUARTERLY PRESENTATION | Q4 FY25

MUSIC

VIDEO

LIVE EVENTS

ARTIST / INFLUENCER MANAGEMENT

Industry size (2024): INR 32,000 Mn Next 3 year growth: ~14%

Film industry size (2024): INR 187,000 Mn Next 3 year growth : 4.4%

DRIVERS

Industry size (2024): INR 1,00,000 Mn Next 3 year growth : 18%

Industry size (2024) : INR 22,000 Mn Next 2 year growth : 24%

DRIVERS

• Easy Access: 750 Mn smart phones • Cheap Data • Fall in Piracy • Streaming turning Pay • Growth in Digital Advertising • Short-format apps inviting

Advertising

• 750 Mn smart phones • 30 Mn connected TVs expected to grow to 48 Mn by 2027

• 476 Mn+ YouTube users

• Rising Disposable Income • •

Lack of Entertainment options Improvement in Infrastructure

• High inclination on advertisements by relatable individuals rather than traditional celebrities

• Brands focus on driving awareness

and engagement through influencers

• 40% of time spent on phones is on

social media platforms

Biggest driver is Digital Advertising. Grew by 17% last year to INR 700 Bn This is primarily due to explosion in consumption of content on digital platforms

Source: •

• •

State of Influencer Marketing India EY Report 2023 FICCI EY Report 2025 IFPI Report 2025

India’s Influencer Marketing Industry is expected to grow at 24% CAGR to reach INR 33,750 Mn As 40% of the time spent on mobile phones is on social media platforms, Influencer marketing is the way forward for all the marketers

33,750

QUARTERLY PRESENTATION | Q4 FY25 QUARTERLY PRESENTATION | Q4 FY25

Indian Influencer Marketing Size (INR Mn)

22,000

18,750

15,000

EY Estimates

2022

2023

2024

2026

With 230+ exclusive Artist/Influencers having more than 130Mn YouTube Subscribers and Instagram followers, Saregama through Pocket Aces is all set to ride on influencer marketing growth trajectory

QUARTERLY PRESENTATION | Q4 FY25

COMPANY OVERVIEW

6 ,20 0

4 ,70 0

3 ,20 0

1 ,70 0

2 00

- 1,3 00

Segmental Growth

21% CAGR

4,410

3,585

6,104

5,441

2,839

2,361

FY22

FY21

FY20 * One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn in FY20 are excluded A. Music : Licensing + Artist Management

FY24

FY23

FY25

24%

FY25 Revenue INR 11,713 Mn

52%

2,062

16%

1,298

1,296

1,056

861

837

FY20

FY21

FY22

FY23

FY24

FY25

B. Music : Retail

FY23 numbers are re-stated post impact of demerger

QUARTERLY PRESENTATION | Q4 FY25

22% CAGR

1,920

1,024

1,085

1,159

702

521

FY20

FY21

FY22

FY23

FY24

FY25

C. Video : Films, TV and Digital Content

5 ,50 0

4 ,00 0

2 ,50 0

1 ,00 0

- 50 0

2,852

FY25

490

FY23

134

FY24

D. Events

Our licensing partners

QUARTERLY PRESENTATION | Q4 FY25

Streaming Partners Music

Broadcasting Partners Music + Films & Series

Video Streaming Partners Music + Films & Series

uVid

Social Media Platforms Music + Films & Series

Brands Music

OPERATIONAL HIGHLIGHTS

QUARTERLY PRESENTATION | Q4 FY25

Music : Licensing + Artist management Revenue per quarter (INR Mn)

QUARTERLY PRESENTATION | Q4 FY25

1,712

1,616

1,577

1,480

1,319

1,331

1,178

1,125

1,079

1,198

1,217

992

927

882

1,028

786

1 ,9 00

1 ,7 00

1 ,5 00

1 ,3 00

1 ,1 00

9 00

7 00

5 00

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

• One time income of INR 84Mn in FY23, INR 97Mn in FY22 and INR 155Mn in FY21 are excluded •

The above number does not include income from Music : Retail business

Music : Licensing

QUARTERLY PRESENTATION | Q4 FY25

• OTT: Progressive shift seen as paid subscription replaces free consumption. Strong

revenue growth in medium to long-term despite short term pressure (due to minimum guarantees going away)

• Brand Licenses: Tata Motors, Dream 11 , Indriya Jewels, Andrex, Mobil 1 etc.

• Broadcasting: Media Worldwide (Music Video) - Music India, Sangeet Bhojpuri.

• Digital Content Licenses: Ashram S4 (MX Player) , The Kapil Sharma Show - Season 3 and Season (Netflix) Traitors (BBC Studios) & Exam- Tamil Series (Amazon Prime), IPL Opening Ceremony (Star).

• Film Sync Licenses: Licensed songs for Salman Khan starrer Sikandar, Crazxy, Aghathiyaa

(Tamil) , Daku Maharaj (Telugu), Sanghavi & Sons (Tamil) and more.

n o t n e t n o c d e t a r e n e g r e s u d n a s l e n n a h c d e n w o

s t r o h S e b u T u o Y d n a e b u T u o Y

YOUTUBE VIEWS (Bn) PER QUARTER

YOUTUBE SUBSCRIBERS (Mn)

150

146

129

1 70

1 50

1 30

1 10

9 0

7 0

5 0

103

107

112

126

137

149

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4 FY25

* aberration due to significant increase in YT Shorts for our major releases like Bad Newz and Stree2 in Q2 FY25.

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4 FY25

s ’ t i

s s o r c a P

I a m a g e r a S d e t a e r

s w e i v l l

a s e d u l c n

Investment in Content (INR Mn)

~10,000 Mn

QUARTERLY PRESENTATION | Q4 FY25

Investment in Content includes marketing costs on new content

Major film albums released in FY25 - Building IP for tomorrow

Film

Language No. of Songs

Production House

Star Cast

Box Office Collection (Rs. Cr)

QUARTERLY PRESENTATION | Q4 FY25

Stree 2

Bad Newz

Sky Force

Hindi

Kalki 2898 Ad

Telugu

Game Changer

Telugu

Court State vs A Nobody

Telugu

Amaran

Tamil

Guruvayooram bala Nadayil

Malayalam

Hello Mummy

Malayalam

Max

Kannada

a d e p i k i W

: e c r u o S n o i t c e

l l

o C e c i f f

O x o B

Jio Studios, Maddock Films

Shraddha Kapoor, Rajkumar Rao,Pankaj Tripathi,Tamannaah Bhatia

Dharma Productions

Vicky Kaushal, Tripti Dimri, Ammy Virk

Jio Studios & Maddock Films

Akshay Kumar, Veer P & Sara Ali Khan

850+

115+

168+

Vijayanthi Movies

Sri Venkateswara Creations

Wall Poster Cinema

Amitabh Bachchan,Kamal Haasan,Prabhas, Deepika Padukone

1100+

Ram Charan, Kiara Advani

Priyadarshi Pulikonda, Harsh Roshan, Sridevi, Sivaji

Raaj Kamal Films

Sivalarthikeyan, Sai Pallavi, Rahul Bose

Sri Lakshmi Venkateswara Cinemas

Hangover Films, A & HS Production

V Creations & Kichcha Creatiions

Nani, Keerthy Suresh

Sharaf U Dheen, Aishwarya Lekshmi

Varalaxmi Sarathkumar, Baadshah Kichcha Sudeep

180+

58+

335+

90+

10+

60+

Music : Licensing | Chartbusters of FY25 HINDI

QUARTERLY PRESENTATION | Q4 FY25

Music : Licensing | Chartbusters of FY25

TELUGU

TAMIL

MALAYALAM

QUARTERLY PRESENTATION | Q4 FY25

Music : Licensing | Inorganic Catalogue Acquisition

QUARTERLY PRESENTATION | Q4 FY25

7 M+ Subscribers 22 Labels 2,800+ songs 7 Languages

Gujarati - Jignesh Barot, Jannat Video Patan | Punjabi - Desi Swag | Rajasthani - Ram Kumar Maluni, Gajendra Ajmera

Chhattisgarhi - SA Music, Maya Music | Devotional - Sacchi Bhakti | Haryanvi - Desi Mewati, Studio Doctorz

Focus to increase Market Share and Revenue by acquisition of catalogues with proven track record

Music : Artist management

QUARTERLY PRESENTATION | Q4 FY25

Maahi

Rj Karishma 15.3 Mn Followers

Rehaan Roy 6.3 Mn Followers

RJ Princy 4.5 Mn Followers

Tony Kakkar 8.2 Mn Followers

Paradox 2.2 Mn Followers

Lash Curry 593 K Followers

Pragati Nagpal

Arjun Tanwar

Rinkal Parekh 3.8 Mn Followers

Saurabh Ghadge 2.7 Mn Followers

Viraj Ghelani 1.3 Mn Followers

The Tabla Guy 420K Followers

Pranav Chandran 324K Followers

Gurdeep Mehndi 63K Followers

100+ Influencers/Artist added during FY25 taking the total Influencers/Artist managed by the Company to 230+

QUARTERLY PRESENTATION | Q4 FY25

Music : Retail

•

Transition from sales through distribution channel to sales only through E-commerce and Modern Retail outlets

• While the volumes and topline will shrink, profitability margins improves through control of costs associated with physical distribution

• Manpower optimisation exercise carried out in FY25

Carvaan Sales (units '000s)

149

142

108

111

199

1 90

1 70

1 50

1 30

1 10

9 0

7 0

5 0

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Video : Films, TV & Digital Content

QUARTERLY PRESENTATION | Q4 FY25

• Bazooka: Superstar Mammootty seen in a stylish avatar in

the first ever Malayalam Game Thriller

• Dilruba: High octane massy entertainer with themes of

romance, drama, and action

• Party Animals: A caper comedy launching our exclusive

artistes- currently on floors

• Hunter 2: One of Amazon MX Player’s Biggest shows

continuing in Season 2 with Suniel Shetty and Jackie Shroff at loggerheads

Dilruba

Bazooka

s e s a e e r g n m o c p U

Hunter Season 2

Party Animals

• Battle of Bands International: In collaboration with

Doordarshan, recently concluded at Waves 2025 with participation from 12 bands from 12 countries

•

Roja 2 YouTube exclusive Launched from 6th Jan 2025. Telecast of 55 episodes till date

“Ilakkiya” continued its No. 1 TV serial position in afternoon slot across all Tamil Channels. “Malli” is the slot leaders in its time slots

Saregama TV Shows- YouTube channel garnered 700 Mn views in Q4 FY25

Future Outlook

• Unlocking the value of IP through remakes, new and licensing

existing language platform syndication

l i F .

V T .

Video : Films, TV & Digital Content

QUARTERLY PRESENTATION | Q4 FY25

t n e t n o C

a t i g i D

. C

22 M+

Followers & Subscribers

3 M+

Followers & Subscribers

8 M+

Followers & Subscribers

6 M+

Followers & Subscribers

High Heels - a branded web series with L'oreal Paris, released on Dice Media's Youtube channel, amassing over. views are over 10 million. Agra affairs released on Amazon Mx Player and featured on the Ormax Top 10 Most-Watched Streaming Originals for 2 weeks

• • • Oops Ab Kya released on JioHotstar and featured on the the Ormax Top 10 Most-Watched Streaming Originals for 3 weeks

QUARTERLY PRESENTATION | Q4 FY25

Events

•

Saregama Live presents the “CAP-MANIA” Tour 2025

with Himesh Reshammiya” . The tour kickstarts

with Mumbai (Jio World Garden, BKC) in

May and Delhi (Indira Gandhi Arena) in July.

After a string of successful shows across Mumbai,

Gujarat, and the UK, in FY25, Viraj Ghelani's iconic

show “That’s So Viraj” is ready to take off in

Vadodara, Ahmedabad & Mumbai in FY26

QUARTERLY PRESENTATION | Q4 FY25

FINANCIAL HIGHLIGHTS CONSOLIDATED

QUARTERLY PRESENTATION | Q4 FY25

Quarterly Financial Summary

Particulars (INR Mn)

Revenue from Operations

• Music : Licensing + Artist Management

• Music : Retail

•

Video

Events

Revenue from Operations

Adjusted EBIDTA (EBIDTA excluding Content Charge)

Adjusted EBIDTA excluding Event

Q4 FY25

Q3 FY25

Q-o-Q Growth

Q4 FY24

Y-o-Y Growth

1,714

154

492

2,408

1,016

998

1,577

225

243

2,789

4,834

1,029

808

-32%

102%

-98%

-50%

-1%

23%

1,708

280

634

2,631

864

873

-45%

-22%

433%

-8%

18%

14%

Content Charge include the following charges related to the new content during the year: 1) 4) Content charge does not include any royalty paid post recoupment of the Minimum Guarantee amount.

Amount amortised in case of Royalty based deals 2) Amount amortised against the one-time fee paid in case of Outright purchase-based deals 3) Marketing of new content

1 20 0

1 10 0

1 00 0

9 00

8 00

7 00

6 00

5 00

4 00

3 00

40%

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin

42%

33%

35%

21%

822

864

680

842

1029

1015

Q3-FY24

Q4-FY24

Q1-FY25

Adj. EBIDTA (INR Mn)

Q2-FY25 Adj. EBIDTA Margin

Q3-FY25

Q4-FY25

4 5%

4 0%

3 5%

3 0%

2 5%

2 0%

1 5%

1 0%

5 %

0 %

9 00

8 00

7 00

6 00

5 00

4 00

3 00

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin- Excluding Events

43%

42%

33%

35%

34%

828

873

679

851

794

998

Q3-FY24

Q4-FY24

Q1-FY25

Q2-FY25

Q3-FY25

Q4-FY25

4 5%

4 0%

3 5%

3 0%

2 5%

2 0%

1 5%

1 0%

5 %

0 %

Adj. EBIDTA (INR Mn)

Adj. EBIDTA Margin

Adjusted EBIDTA to PAT

QUARTERLY PRESENTATION | Q4 FY25

Particulars (INR Mn)

Q4F Y25

Q3 FY25

QoQ

Q4 FY24

YoY

FY25

FY24

YoY

Revenue from Operation (A)

Total Expenses (B)

Adjusted EBIDTA (C=A-B)

Adjusted EBIDTA Margin

Content Charging Cost (D)

Depreciation ( E)

Finance Cost (F)

Other Income (G)

Exceptional Item (H)

PBT (C-D-E-F+G+H)

Tax

PAT

PAT Margin (%)

Diluted EPS

2,408

1,392

1,016

42%

344

176

817

218

599

25%

3.11

4,834

3,805

1,029

21%

318

157

843

221

622

13%

3.23

-50%

-63%

-1%

62%

12%

-3%

-1%

-4%

-8%

-21%

18%

38%

13%

1075%

-2%

-1%

11%

2,631

1,767

864

33%

250

180

760

221

539

20%

2.80

11,713

8,147

3,566

30%

1,282

581

2,761

718

2043

18%

10.61

8,030

5,001

3,030

38%

864

637

2,708

732

1,976

25%

10.27

46%

62%

18%

48%

56%

78%

-9%

-2%

Equity and Liabilities (INR Mn)

Shareholder's fund

(a) Equity share capital (b) Other equity

Net worth

(a) Non-controlling interest

Non-current liabilities

(a) Financial liabilities (i) Lease liabilities (ii) Other financial liabilities

(b) Provisions (c) Deferred tax liabilities (net)

Current liabilities

(a) Financial liabilities

(i) Borrowing

(ii) Lease liabilities

(iii) Trade payables

(iv) Other financial liabilities

(b) Other current liabilities (c) Provisions

(d) Current tax liabilities

Total

Balance Sheet

As at 31st March 2025

As at 31st March 2024

Assets (INR Mn)

Non-current assets

193

15,641 15,834

14 309 59 518

1,274

812

1,319 731 34

193

14,498 14,691

23 2,090 57 474

933

610

655 650 88

20,951

20,338

(a) Property, plant and equipment

(b) Right-of-use assets

(d) Intangible assets

(e) Intangible assets under development

(f) Financial assets

(i) Investments

(ii) Other financial assets (g) Other non-current assets Current assets

(a) Inventories

(b) Financial assets

(i) Investments (ii) Trade receivables

(iii) Cash and cash equivalents

(iv) Bank balances other than (iii) above

(v) Loans

(vi) Other financial assets

QUARTERLY PRESENTATION | Q4 FY25

As at 31st March 2025

As at 31st March 2024

2,222

6,082

501

2,402

1,177 1,432 694

4,743

193

359

2,238

5,130

172

468

2,393

1,177 1,587 569

4,852

221

275

1,059 20,951

1,115 20,338

Cash Flow Statement

QUARTERLY PRESENTATION | Q4 FY25

Particulars (INR Mn)

FY25

FY 24

Pre-Tax Profit Change in other operating activities ( including non-cash Items) Change in Working capital Taxes Paid Net cash generated from Operating Activities (A) Spent on New Content @ Investment in Pocket Aces Redemption/ (Investment) in Fixed Deposits with maturity > 3m Redemption/(Investment) in Mutual Fund Net cash generated from other Investing activities Net cash used in Investing Activities (B) Net cash (used in)/generated from Treasury Shares Proceeds from /(Repayment of) Borrowing Repayment of Lease Liability Dividend paid Interest paid Net cash (used in)/generated from Financing Activities (C) Net (decrease)/increase in Cash and Cash Equivalent (A+B+C) Cash and Cash Equivalents at the beginning of the period Add: Cash and Cash Equivalents of Pocket Aces on the date of acquisition Effect of Translation of foreign currency cash and cash equivalents Cash and Cash Equivalents at end of the period #

2,708 (400) (348) (514)

(1,342) (1,662) 761 1,422 474

(22) (14) (11) (771) (31)

2,761 17 1,882 (806)

(2,134) (1,275) 45 205 411

(79) (17) (8) (868) (15)

3,854

(2,748)

(987) 119 569 - 5 693

@ Represents amount invested in acquiring/producing Music IPs # Exclude Investment in Bank FD with maturity more than 3 months and Investment in Mutual Funds INR 5,911Mn ( FY24 INR 6,023Mn)

1,446

(347)

(849) 250 167 149 3 569

Financial Charts (consolidated)

QUARTERLY PRESENTATION | Q4 FY25

1 20 00

1 17 00

1 14 00

1 11 00

1 08 00

1 05 00

1 02 00

9 90 0

9 60 0

9 30 0

9 00 0

8 70 0

8 40 0

8 10 0

7 80 0

7 50 0

7 20 0

6 90 0

6 60 0

6 30 0

6 00 0

5 70 0

5 40 0

5 10 0

4 80 0

4 50 0

4 20 0

3 90 0

3 60 0

3 30 0

3 00 0

33%

Revenue from Operations (Turnover) (INR Mn)

Music Licensing+ Artist Mgmt Revenue (INR Mn)

Content Charge (INR Mn)

PAT (INR Mn)

8030

7366

5806

4420

11,713

6 80 0

6 50 0

6 20 0

5 90 0

5 60 0

5 30 0

5 00 0

4 70 0

4 40 0

4 10 0

3 80 0

3 50 0

3 20 0

2 90 0

2 60 0

2 30 0

2 00 0

4410

3585

2839

6,104

5441

1 30 0

1 20 0

1 10 0

1 00 0

9 00

8 00

7 00

6 00

5 00

4 00

3 00

2 00

1 00

463

179

1,282

864

679

2 ,10 0

1 ,80 0

1 ,50 0

1 ,20 0

9 00

6 00

3 00

1,851

1976

2,042

1,526

1,135

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn (FY20) are excluded

Adjusted EBIDTA Margin (%)

Return on Equity (ROE) (%)*

Diluted EPS (INR)

Dividend per Share (INR)

Debt to Equity Ratio

38%

37%

38%

33%

13%

15%

14%

15%

6.5

10.3

10.6

9.6

8.4

4.5

4.0

3.0

2.0

NIL

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21 FY22 FY23 FY24 FY25

1 %

FY25 Adj EBITDA is excluding events

• ROE = PAT / Shareholders Equity • •

Shareholders Equity = Equity share capital and free reserves Since FY22 INR 7500 Mn of fresh fund raise through QIP added to Shareholders Equity

Previous Years EPS has been restated basis face value of Re.1 per share

All FY23 numbers are re-stated, as applicable, post impact of demerger

4 0%

3 5%

3 0%

2 5%

2 0%

1 5%

1 0%

5 %

QUARTERLY PRESENTATION | Q4 FY25

Disclaimer

Saregama India Ltd. Disclaimer:

In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating performance. These non-GAAP financial measures are not defined under Ind AS and are not presented in accordance with Ind AS. They may not be comparable to similarly titled measures reported by other companies due to potential inconsistencies in the method of calculation. We have included these non-GAAP financial measures because we believe they are indicative measures of our operating performance and are used by investors and analysts to evaluate companies in the same industry. These non-GAAP financial measures should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity reported in accordance with Ind AS. These measures should not be considered in isolation or construed as an alternative to Ind AS measures of performance or as an indicator of our operating performance, liquidity, profitability, or results of operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the Standalone/Consolidated Financial Statements.

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Saregama India Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

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