Saregama India Limited has informed the Exchange about Investor Presentation
Date: 31st July, 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: Unaudited Financial Results (Standalone and Consolidated) of the Company, for the quarter ended on 30th, June, 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 Unaudited Financial Results (Standalone and Consolidated) for the quarter ended on 30th June, 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
Encl: 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
Total Revenue stood at Rs. 2,210 Mn with PBT of 511 Mn for Q1 FY26
Building IP for Tomorrow
Mumbai, 31st July, 2025: Saregama, a RPSG Group company, announced its Financial Results for the quarter ended 30th June, 2025
The company recorded yet another quarter of robust financial performance with Revenue from Operations at Rs. 2,068 Mn, Adjusted EBITDA at Rs. 664 Mn with Adjusted EBITDA margin of 32%. The company’s PBT for Q1 FY26 was Rs. 511 Mn after Content Charging Cost of Rs. 263 Mn. Profit After Tax for Q1 FY26 stood at Rs. 365 Mn.
Key Operational Highlights:
➢ Music releases this quarter included the release of “Thug Life” in Tamil by Mani Ratnam starring Kamal Haasan, “Bazooka” in Malayalam starring superstar Mammootty, “Hit 3” in Telugu starring Nani, “Mrigaya” in Bengali and the digital release of “Hai Junoon” featuring Jacqueline Fenandez amongst others
➢ Company released 1000+ Film & Non-Film tracks in Hindi, Bhojpuri, Odia, Chhattisgarhi, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Kannada, Marathi Bengali and other languages.
➢ Acquired one of the biggest and most popular Haryanvi Music Catalogue- Nav Records Pvt. With 6500+ tracks across Haryanvi, Punjabi, Ghazals, Devotional and Indie Pop. The acquisition also includes popular Youtube channels like NAV Haryanvi, Nupur Audio etc having over 24M subscriber base.
➢ Released a digital show “Find The Farzi” featuring RJ Karishma on JioHotstar.
➢ Saregama Live successfully launched the “CAP-MANIA” Tour 2025 with Himesh Reshammiya in Mumbai (Jio World Garden, BKC) followed by two housefull shows in Delhi (Indira Gandhi Arena) in July. Following a successful run of 'That’s So Viraj' shows featuring Viraj Ghelani across Mumbai, Gujarat, and the UK in FY25, the show wrapped up four additional performances in Mumbai and Gujarat during Q1 FY26.
➢ This quarter various top brands like Google, Lux, KFC, Urban Company, Oppo etc used Saregama songs in their ads. Traitors on Amazon Prime, Aap Jaisa Koi on Netflix, The Kapil Sharma Show on Netflix, IPL Closing Ceremony, etc licenced music from Saregama for their shows.
➢ During the quarter 25+ Influencers/Artist added taking the total Influencers/Artist managed by the Company to 230+ with more than 200Mn plus followers and subscribers on Instagram and YouTube.
➢ Dr. Kumar Vishwas onboarded as Saregama Exclusive artiste.
➢ Digital footprint across Saregama owned and controlled channels touched 400 Mn followers
and subscribers across YouTube, Instagram and Facebook.
Avarna Jain, Vice Chairperson Saregama India Ltd, said “ The company stands in a strong position with its balanced outlook towards investment and profitability. Consistent delivery of topline and bottom line amidst some headwinds facing the industry, is a testament to the company’s sharp focus in scaling the business segments with profitability at its core.”
About Saregama India: Saregama India Ltd., part of the RPSG Group, is India’s leading Entertainment IP company with a legacy dating back to 1902. Its diverse portfolio includes film and non-film music, digital media, television content, artiste and influencer management, and film production.
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.
For further information, please contact:
Shweta Singh| shweta.singh@mslgroup.com |+91 9167485016
Swapnali Morajkar | swapnali.morajkar@mslgroup.com |+91 9892592319
QUARTERLY PRESENTATION | Q1 FY26
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q1 FY26
SAREGAMA STRENGTHS
QUARTERLY PRESENTATION | Q1 FY26
India’s only entertainment company with IP offerings across media channels (music, films, digital series, TV serials, and short-format), delivery platforms (digital and physical) and business models (licensing, advertising and retail)
Large intellectual property portfolio of 175K+ songs, 70+ films, 55+ digital series and 10K+ hours of television content
Digital footprint : 400 Mn+ 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
QUARTERLY PRESENTATION | Q1 FY26
Revenue from Operations (INR Mn)
Adjusted EBITDA (INR Mn)
PBT (INR Mn)
23% CAGR
11,713
40% CAGR
3,566
3,029
2,712
8,030
7,366
5,447
5,215
5,806
4,420
3,566
2,185
2,230
1,451
786 763
511
237
43% CAGR
2,708
2,761
2,481
2,044
1,519
847
603
389
159
FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
FY23 numbers are re-stated post impact of demerger
QUARTERLY PRESENTATION | Q1 FY26
GLOBAL INDUSTRY HIGHLIGHTS
4
THE GROWTH OF GLOBAL MUSIC INDUSTRY CONTINUES Global recorded music revenue grew 4.8% to reach USD29.6 bn in 2024
QUARTERLY PRESENTATION | Q1 FY26
0.6
0.7
0.7
0.9 0.3
0.8 0.9
0.9
1.8 0.1
22.2
20.9
21.5
20
18.4
17.9
16.7
15.1
1.1
2.5
0.2
13
1.2
3.2
0.3
10.9
1.2
3.5
0.4
9.5
0.3
1.3
3.6
0.4
8.1
0.3
1.3
4
0.6
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
3
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 | Q1 FY26
Spotify Premium subscriber base grows to 276 Mn users recording a YoY growth of 12%
Premium subscribers' breakup
Source: Spotify Q2 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 | Q1 FY26
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
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
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
QUARTERLY PRESENTATION | Q1 FY26 QUARTERLY PRESENTATION | Q1 FY26
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
Indian Influencer Marketing Size (INR Mn)
22,000
18,750
15,000
EY Estimates
2022
2023
2024
2026
With 230+ exclusive Artiste/ Influencers having more than 200 Mn YouTube Subscribers and Instagram followers, Saregama through Pocket Aces is all set to ride on influencer marketing growth trajectory
QUARTERLY PRESENTATION | Q1 FY26
COMPANY OVERVIEW
9
6,104
5,441
4,410
3,585
2,839
2,361
FY20
FY21
FY22
FY23
FY24
FY25
* 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
2,062
1,298
1,296
1,056
861
837
SEGMENTAL GROWTH
QUARTERLY PRESENTATION | Q1 FY26
24%
702
521
1,920
1,024
1,085
1,159
FY25 Revenue INR 11,713 Mn
16%
8%
FY20
FY21
FY22
FY23
FY24
FY25
52%
C. Video : Films, Digital Series, TV, and Short-Format
2,852
FY25
490
FY23
134
FY24
D. Events
FY20
FY21
FY22
FY23
FY24
FY25
B. Retail
FY23 numbers are re-stated post impact of demerger
OUR LICENSING PARTNERS
QUARTERLY PRESENTATION | Q1 FY26
Streaming Partners Music
Broadcasting Partners Music + Films & Series
Video Streaming Partners Music + Films & Series
Social Media Platforms Music + Films & Series
Brands Music
v
11
OPERATIONAL HIGHLIGHTS
QUARTERLY PRESENTATION | Q1 FY26
12
MUSIC : LICENSING + ARTISTE MANAGEMENT REVENUE PER QUARTER (INR MN)
QUARTERLY PRESENTATION | Q1 FY26
1,708
1,714
1,577
1,480
1,490
1,319
1,331
1,178
1,125
1,079
1,198
1,217
992
927
882
1,028
786
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
Q1 FY26
• One time income of INR 84Mn in FY23 and INR 97Mn in FY22 are excluded •
The above number does not include income from Retail business
MUSIC : LICENSING
QUARTERLY PRESENTATION | Q1 FY26
• OTT: Progressive shift seen as paid subscription replaces free consumption. Strong
revenue growth in medium to long-term
• Brand Licenses: Google, HUL-Lux, KFC, Urban Company, Oppo
• Broadcasting: Sony, IN10 Media, Enterr10
• Digital Content Licenses: Traitors (Amazon Prime), Aap Jaisa Koi (Netflix), IPL Closing
Ceremony (Star), Touching Consciousness of Shiva (YouTube)
• Film Sync Licenses: Raid 2 (Hindi), Sitaare Zameen Par (Hindi), Aata Thambay Cha Naay
(Marathi), Tourist Family (Tamil), Akkada Ammayi Ikkada Abbayi (Telugu) 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
284
150
146
129
84
92
YouTube Subscribers (Mn)
107
112
126
137
149
160
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26*
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
*Effective 31-Mar 2025, You Tube has adopted a different methodology for counting YouTube Short views, hence the Q1 FY26 views shown are disproportionately high
14
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
l
s w e i v
l l
a
s e d u l c n
I
INVESTMENT IN NEW CONTENT (INR Mn)
~10,000 Mn
QUARTERLY PRESENTATION | Q1 FY26
3,160
1,949
1,095
1,192
324
151
195
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26E
FY27E
Investment in New Content = Cost of Content + Marketing
MAJOR FILM ALBUMS RELEASED IN Q1 FY26 - BUILDING IP FOR TOMORROW
QUARTERLY PRESENTATION | Q1 FY26
Film
Language
No. of Songs
Production House
Star Cast
Wall Poster Cinema
Nani, Srinidhi Shetty
Box Office Collection (Rs. Cr)
120+
Hit: 3
Telugu
Thug Life
Tamil
Hai Junoon (Digital Series)
Hindi
04
10
41
l
s e s a e e R g n m o c p U
i
Raaj Kamal Films International
Kamal Haasan, Silambarasan TR, Trisha
95+
VVAC Business of Ideas
Jacqueline Fernandez, Neil Nitin Mukesh, Sumedh Mudgalkar, Siddharth Nigam, Anusha Mani
* Digital Release
…
Tu Meri Main Tera
(Hindi)
Love & War
Paradise
Premante
Devil
Kichcha 47
Idly Kadai
Parasakthi
Sahasam
Mahaparinirvaan
(Hindi)
(Telugu)
(Telugu)
(Kannada)
(Kannada)
(Tamil)
(Tamil)
(Malayalam)
(Marathi)
MUSIC : LICENSING | CHARTBUSTERS OF Q1 FY26
TAMIL
TELUGU
QUARTERLY PRESENTATION | Q1 FY26
Jinguchaa
Muththa Mazhai
Thanu
MUSIC : LICENSING | INORGANIC CATALOGUE ACQUISITION
QUARTERLY PRESENTATION | Q1 FY26
Saregama Acquires the Biggest and Most Popular Haryanvi Music Catalogue: NAV Records Pvt. Ltd.
24 Mn+ Subscribers 6,500+ songs 5+ Languages
Coco Cola 900 Mn+ views
Parvati Boli Shankar Se 500 Mn+ views
Loot Liya 400 Mn+ views
Kaale Kagaz 190 Mn+ views
MUSIC : LICENSING I CONTENT CREATION
HINDI
MALAYALAM
TAMIL
QUARTERLY PRESENTATION | Q1 FY26
Film Music
TELUGU
Roop Suhana Lagta hai (Hai Junoon)
Loading Bazooka (Bazooka)
Jinguchaa (Thug Life)
Thanu (Hit: 3)
Khudaya Ishq (Abir Gulal)
Jodi No.1 (Udumbanchola Vision)
Muththa Mazhai (Thug Life)
The Paradise Theme OST
Breathless (Hai Junoon)
Neptune (Detective Ujjwalan)
Sugar Baby (Thug Life)
Darsanamey – Nari Nari Naduma Murari
MUSIC : LICENSING I CONTENT CREATION
QUARTERLY PRESENTATION | Q1 FY26
Non-Film Music
HINDI
GUJARATI
BHOJPURI
DEVOTIONAL
PUNJABI
Jaan se Zyada
Te Rakhiya Na Ghar Na Ghat Na
Lut Gayani Pyaar Mai
Sawan Song (Jhoom Jhoom ke Sawan)
Yeh Shaam
Bhayada Na Dil Ma Raj Kare
Licensee
Shri Krishna Govind Hare Murari
Tumko Dekha To Khayaal Aya - Revisited
Mehandi Lagavi De Mara Namni
Naihar Ke Darjiya
Durga Mantra (CassMae)
Noor Nanak Lofi
HARYANVI
Chhod De Tu Bair
MARATHI
Chhod De Tu Bair
20
MUSIC : ARTISTE MANAGEMENT
QUARTERLY PRESENTATION | Q1 FY26
Maahi
Mermaid Scales 21.4 Mn Followers
RJ Karishma 15.3 Mn Followers
Rehaan Roy 6.8 Mn Followers
Dr. Kumar Vishwas 18.5 Mn Followers
Tony Kakkar 12.6 Mn Followers
Paradox 4.5 Mn Followers
Pragati Nagpal
Arjun Tanwar
RJ Princy 5.1 Mn Followers
Rinkal Parekh 3.8 Mn Followers
Viraj Ghelani 1.3 Mn Followers
The Tabla Guy 1.1 Mn Followers
Lash Curry 700K Followers
Gurdeep Mehndi 63K Followers
25+ Influencers/ Artistes added during Q1 FY26 taking the total Influencers/Artist managed by the Company to 230+
r e t r a u q e h t g n i r u d d e d d A
21
QUARTERLY PRESENTATION | Q1 FY26
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
149
Carvaan Sales (Units '000s) 142
108
111
87
73
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
22
VIDEO : FILMS, TV, DIGITAL SERIES & SHORT-FORMAT
QUARTERLY PRESENTATION | Q1 FY26
s
m
l i F .
A
V T .
B
• Released Deeno Dennis’s “Bazooka” (Tamil) starring Mammootty
• Upcoming releases include
“Vishwambara” in Telugu and “Devil” in Kannada
l
s e s a e e r g n m o c p U
i
Bazooka
Vishwambara (Telugu)
Devil (Kannada)
• Battle of Bands International: In collaboration with
Doordarshan, concluded at Waves 2025 with participation from 12 bands from 12 countries
• “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 500
Mn+ views in Q1 FY26
Future Outlook
• Unlocking the value of existing IP through language remakes, new platform licensing and syndication
VIDEO : FILMS, TV, DIGITAL SERIES & SHORT-FORMAT
QUARTERLY PRESENTATION | Q1 FY26
22M+
Followers & Subscribers
8M+
Followers & Subscribers
6M+
Followers & Subscribers
2M+
Followers & Subscribers
s e i r e S l
a t i g i D
. C
t a m r o F - t r o h S .
D
QUARTERLY PRESENTATION | Q1 FY26
EVENTS
•
Saregama Live successfully launched the “CAP-
MANIA” Tour 2025 with Himesh Reshammiya,
beginning with the Mumbai (Jio World Garden, BKC)
in May, followed by two shows in Delhi (Indira
Gandhi Arena) in July.
•
Following a successful run of 'That’s So Viraj' shows
featuring Viraj Ghelani across Mumbai, Gujarat, and
the UK in FY25, the show wrapped up four additional
performances in Mumbai and Gujarat during Q1 FY26
QUARTERLY PRESENTATION | Q1 FY26
FINANCIAL HIGHLIGHTS CONSOLIDATED
26
QUARTERLY FINANCIAL SUMMARY
Particulars (INR Mn)
Q1 FY26
Q4 FY25
QoQ
Q1 FY25
YoY
QUARTERLY PRESENTATION | Q1 FY26
Revenue from Operations
•Music : Licensing + Artiste Management
•Retail
•Video
•Events
Revenue from Operations
Adjusted EBITDA (EBITDA excluding Content Charge)
1,490
1,714
170
357
51
2,068
664
154
492
48
2,408
1,016
-13%
10%
-28%
6%
-14%
-35%
1,331
247
465
10
2,053
680
12%
-31%
-23%
410%
1%
-2%
Content Charge include the following charges related to the new content during the year: 1)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 4) Content charge does not include any royalty paid post recoupment of the Minimum Guarantee amount.
Adj. EBITDA (INR Mn) & Adj. EBITDA Margin
42%
33%
864
35%
842
33%
680
1,029
1,016
32%
21%
664
Adj. EBITDA (INR Mn) & Adj. EBITDA Margin- Excluding Events
33%
873
33%
679
35%
851
34%
794
42%
998
34%
692
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Adj. EBITDA (INR Mn)
Adj. EBITDA Margin
Adj. EBITDA (INR Mn)
Adj. EBITDA Margin
27
ADJUSTED EBITDA TO PAT
Particulars (INR Mn)
Q1 FY26
Q4 FY25
QoQ
Q1 FY25
YoY
FY25
QUARTERLY PRESENTATION | Q1 FY26
Revenue from Operation (A)
Total Expenses (B)
Adjusted EBITDA (C=A-B)
Adjusted EBITDA 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
2,068
1,404
664
32%
263
23
10
142
-
510
145
365
18%
1.90
-14%
1%
-35%
-24%
-32%
-19%
-38%
-39%
2,408
1,392
1,016
42%
344
34
47
176
50
817
218
599
25%
3.11
1%
2%
-2%
-3%
1%
17%
1%
-2%
2,053
1,373
680
33%
270
23
2
122
-
507
136
371
18%
1.92
11,713
8,147
3,566
30%
1,282
97
57
581
50
2,761
718
2,043
18%
10.61
28
BALANCE SHEET
QUARTERLY PRESENTATION | Q1 FY26
Assets (INR Mn)
Non-current assets
As at 30th
As at 31st
Jun-25
Mar-25
(a) Property, plant and equipment
2,216
2,222
Equity and Liabilities (INR Mn)
Shareholder's fund (a) Equity share capital (b) Other equity Net worth 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) Borrowings*
(ii) Lease liabilities
(iii) Trade payables
(iv) Other financial liabilities
(b) Other current liabilities (c) Provisions
(d) Current tax liabilities
Total
*Borrowings represent temporary use of WC limits
As at 30th Jun-25
As at 31st Mar-25
193 15,972 16,165 33
193 15,641 15,834 34
11 316 64 513
531
13
1,040
1,085
721 799
41
14 309 59 518
-
13
1,274
812
1,319 731
34
21,332
20,951
Total
(b) Right-of-use assets
(c) Investment properties
(d) Intangible assets
(f) Financial assets
(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
(c) Current tax assets (net)
(d) Other current assets
19
20
21
20
6,264
6,082
58
589
78
501
3,128
2,402
457
1,717
232
4,401
194
113
275
1,649
21,332
1,112
1,432
694
4,743
193
33
359
1,059
20,951
29
CASH FLOW STATEMENT
Particulars (INR Mn)
Q1 FY26
FY25
QUARTERLY PRESENTATION | Q1 FY26
Pre-Tax Profit
Change in other operating activities ( including non-cash Items)
Change in Working capital
Taxes Paid
Net cash (used in)/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
Effect of Translation of foreign currency cash and cash equivalents
Cash and Cash Equivalents at end of the period #
@ 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 4,966 Mn ( FY25 INR 5,911 Mn)
510
98
(2,061)
(53)
(470)
(19)
209
679
158
(40)
531
(04)
00
(02)
2,761
17
1,882
(806)
(1,506)
3,854
(2,134)
(1,275)
45
205
412
(79)
(17)
(08)
(868)
(15)
557
485
(464)
694
02
232
(2,747)
(987)
120
569
05
694
30
FINANCIAL CHARTS (CONSOLIDATED)
QUARTERLY PRESENTATION | Q1 FY26
Revenue from Operations (Turnover) (INR Mn)
11,713
Music: Licensing+ Artist Mgmt. Revenue (INR Mn)
Content Charge (INR Mn)
PAT (INR Mn)
1,282
1,851
1976
2,042
6,104
5441
864
679
1,526
1,135
8030
7366
5806
4420
4410
3585
2839
463
179
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%
38%
33%
33%
13%
15%
14%
15%
6.5
10.3
10.6
9.6
8.4
4.5
4.0
3.0
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%
5
-
-
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
QUARTERLY PRESENTATION | Q1 FY26
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.