Saregama India Limited
4,458words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
₹ 42,100
₹ 7,900
₹ 67,700
1.2 Million
3.2GW
10GW
2.5x
11%
24%
23%
40%
Guidance — 2 items
Popular Haryanvi Music Catalogue
opening
“Will be a Gamechanger Music Streaming Platforms (OTT) vO Free vs Paid • • • Free Revenue under pressure from closure of platforms like Airtel Wynk, ByteDance Resso, Hungama Subscription revenue showing healthy growth but on a small base Spotify, Jio Saavn, Apple, Amazon, Gaana • Potential of 100M paid subs @100 pm MUSIC | LICENSING : MONETISATION B.”
Popular Haryanvi Music Catalogue
opening
“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.”
Risks & concerns — 1 flagged
Will be a Gamechanger Music Streaming Platforms (OTT) vO Free vs Paid • • • Free Revenue under pressure from closure of platforms like Airtel Wynk, ByteDance Resso, Hungama Subscription revenue showing healthy growth but on a small base Spotify, Jio Saavn, Apple, Amazon, Gaana • Potential of 100M paid subs @100 pm MUSIC | LICENSING : MONETISATION B.
— Popular Haryanvi Music Catalogue
Speaking time
1
1
Opening remarks
Popular Haryanvi Music Catalogue
NAV Records 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 : MONETISATION Audio OTT Video OTT Publishing Sponsorships Monetise Societies Live Events Artiste Mgt. Film Music Artiste Music Catalogue Derivatives Create (&market) Market using Pocket Aces MUSIC | LICENSING : MONETISATION A. Audio OTT • Saregama’s Music is licensed to multiple Global Platforms • Saregama earns every time a customer listens to Saregama owned song on any OTT app • The growth is driven by both increasing number of users (growth in smartphones) and higher usage (cheaper data) along with falling piracy • ~750 Mn+ paid customers globally contribute ~69% of total music revenue. Started in India too. Will be a Gamechanger Music Streaming Platforms (OTT) vO Free vs Paid • • • Free Revenue under pressure from closure of platforms like Airtel Wynk, ByteDance Resso, Hungama Subscription revenue
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 p