Saregama India Limited has informed the Exchange about Investor Presentation
Date: 6th September, 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 Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
Symbol: SAREGAMA
Scrip Code: 532163
Sub: Investor Presentation
Dear Sir/ Madam,
Further to our letters dated 21st August , 2025 and 4th September, 2025, we enclose herewith the copy of the Investor Presentation to be made by the Company at the upcoming Investors Conference scheduled to be held on 8th September, 2025.
The above information is being submitted in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
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
Nayan Misra Company Secretary & Compliance Officer
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
SA R EG A M A I N D I A L I M I T E D
RPSG Investor Day | September 2025
RPSG Group: Building a diversified conglomerate
Group turnover ₹ 42,100 Cr. (~ US$ 5 Bn)
Power
IT-Enabled Services
Chemicals
EBITDA ₹ 7,900 Cr. (~US$ 930 Mn)
Asset base ₹ 67,700 Cr. (US$ 8 Bn)
Over 1.2 Million Shareholders
▪ One of India’s New-age And fastest growing conglomerates
▪ Strong workforce of 55,000+ employees, belonging to different nationalities
Media & Entertainment
FMCG
Consumer & Retail
Sports
Plantations
▪ Presence in 60+ countries
▪ 100+ offices worldwide
* All figures as on FY25
Education & Infrastructure
2
RPSG Group: Key Businesses at a Glance
India’s first fully integrated utility company,
serving 4.8 Mn Consumers across 7 locations.
Aiming for 3.2GW renewable energy capacity by FY29 and scale it up to 10GW by FY32.
A global leader in BPS- delivering transformative, AI-powered solutions at speed and scale.
LSG is a premier IPL franchisee focused on nurturing the future of Indian cricket.
A Global Specialty Chemical company and India’s Largest Carbon Black player.
Too Yumm, a flavorful & better-for-you snacking
Innovating in the personal care category through new-age brands Naturali and Within Beauty.
An entertainment Company with IP of 175k+ songs, 70+ films, 10k+ hrs TV serials & 55+ web series.
Eastern India’s definitive destination for luxury, style, and curated lifestyle experiences.
India’s finest organized retailer with varied assortments.
gourmet and multi-format
Delivering sharp journalism, bold storytelling, and immersive experiences across print, digital, and video.
To be a responsive conglomerate driven by sustainable growth, efficiency and innovation
Vision
3
RPSG Group: Delivering Sustainable Growth
2.5x
11% CAGR
24% CAGR
Innovation
Value Addition
Capital Allocation
Setting up leadership team
Scaling of existing businesses
Foray into new businesses
Driving Efficiencies
Cost focus
Amt in Rs Cr.
4
INDIA’S LEADING AND ONLY ENTERTAINMENT COMPANY WITH DIVERSIFIED BUSINESS
First recording of an Indian song by Gauhar Jaan.
RPG Group acquired the company
TV Serial production started
Carvaan launched
Started investing in non-film music
Acquired digital entertainment Company
1902
1946
1986
2000
2001
2016
2017
2017
2020
2022
2023
Company incorporated as The Gramophone Company (India) Pvt. Ltd.
Products started retailing under ‘Saregama’
Started investing in new Film Music again
Film Production House Launched
Launched Live Events business
KEY FINANCIAL METRICS
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
2,761
2,708
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
BUSINESS SEGMENTS
6,104
5,441
4,410
3,585
2,839
2,361
16%
1,024
1,085
1,159
702
521
1,920
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 + Artiste Management
52%
2,062
1,298
1,296
1,056
861
837
FY25 Revenue INR 11,713 Mn
8%
FY20
FY21
FY22
FY23
FY24
FY25
B. Retail
FY23 numbers are re-stated post impact of demerger
FY20
FY21
FY22
FY23
FY24
FY25
24%
C. Video : Films, Digital Series, TV Series, and Short-Format
2,852
FY25
490
FY23
134
FY24
D. Events
FUTURE OUTLOOK (FY30)
FY26 Revenue
Growth Drivers : Industry | Saregama
FY30 Revenue
Events
Video
Music
• Higher Spending on Events by Indians • Govt. focus on Events
• Deeper relationships with Artistes • Ability to cross collateralise across Digital • Early move on IP properties
Increase in Discretionary Spends
• • Growth in Subscription
Leadership in short format format
• • Experience in cost-effective series model
Subscription Growing
• • Growth in advertising in sync with GDP Growth
Increase in Market Share of New Content Focus on Regional Content
• • • Use of Data Analytics for better selection
25-30% CAGR
15-20% CAGR
20-23% CAGR
Music
Video
Events
Others
Music
Video
Events
Others
Revenue is expected to double and PBT to become 2.2-2.5 times over next 4 years
DIGITISATION DRIVING GROWTH
Digital Boom in India
~750M smartphones 22M connected TVs Cheap data Anti-piracy laws Technology assisting infringement tracking
Driving
Increase in App Usage
Music Streaming Spotify / Gaana Social Media YouTube / Facebook Video Streaming Netflix / Amazon / JioHotstar Short-format Apps Instagram/ YT Shorts
Driving
Increase in Demand for Content
Music Films Web series TV series Podcasts
Increase in Revenue
Driving
SVoD Netflix / JioHotstar / Spotify AVoD YouTube / Instagram
175k+ Songs | 70+ Films | 55+ Digital Series | 10k+ hrs of TV Series
STRATEGIC OVERVIEW
To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever-increasing Digitisation
Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform
Monetisation of Existing IP
Building of New IP
Through artiste management, wherein artistes are made popular through our content IP release. And then we monetise these artistes by booking them for live events, weddings and brand endorsements
Cementing leadership position with new film and non-film music acquisition across Hindi, Tamil, Telugu, Bhojpuri, Gujarati, Punjabi, Malayalam, Kannada, Bengali, Haryanvi and other regional languages
Producing theatrical films in only regional languages and digital series and short- format content in all languages. Revenue secured through pre-licensing to digital platforms and/or brand sponsorships. Scale allowing lower cost of production
Building Live Events IP, around music and stand-up comedy
MUSIC SEGMENT
LICENSING & ARTISTE MANAGEMENT
SAREGAMA’S MUSIC LIBRARY
175000+ Songs Covering multiple Indian languages and genres
HINDI 54000+
TELUGU 12800+
BENGALI 31200+
TAMIL 19000+
MALAYALAM 9200+
PUNJABI 10000+
MARATHI 8300+
KANNADA 4500+
DEVOTIONAL 25000+
CLASSICAL 9000+
GHAZAL 1200+
FOLK 4700+
12
NEW MUSIC
GROWING LICENSING & ARTISTE MANAGEMENT
CATALOGUE
NEW MUSIC
ARTISTE MANAGEMENT
• 175K+ Songs
• Originals / Derivatives
• 10-12% annual growth over medium to long term
• 75-80% margin
• ~Rs. 10,000 Mn
Investment over next 3 yrs
• By-product of New
Music
• 4-5yr payback / ~26% IRR
• No upfront Investment
• 60-80 yrs of useful life
• 10 yrs of amortization
period
•
Improves music margin
SUBSCRIPTION BUSINESS IS GROWING GLOBALLY
Spotify reports consistent growth in premium subscriber base
15%
21%
27%
37%
17%
21%
26%
36%
18%
22%
25%
35%
CY22
CY23
CY24
13%
21%
28%
38%
CY20
12%
21%
28%
39%
CY21
Europe
North America
Latin America
Rest of World
Source: Derived from Spotify published results
PATH TO LEADERSHIP POSITION IN THE MUSIC ECOSYSTEM
Disproportionate share across Hindi & Regional Languages
Investments in Data Analytics/AI & Marketing Muscle
Acquisition of Small & Mid size Music Catalogues to scale content depth
On the back of growing footprint in artiste management and live entertainment
+
+
+
+
Enhanced Capability driven by a combination of evergreen catalogue and new-age content
Amplifying content reach and trial velocity via Pocket Aces’ digital ecosystem and influencer-led platforms
India’s Largest and Most Popular Music Catalogue
MUSIC | LICENSING : CREATION Saregama is changing from a Catalogue Label to a New Age one
Share of Licensing Revenue from 21st century songs growing (56% in FY25 Vs 52% in FY24)
Era wise Breakup
2021-2024
16%
40%
2001-2020
21%
16%
1981-2000
1961-1980
24%
23%
18%
23%
Till 1960
16%
3%
Count of Songs
Revenue
37% of Saregama’s songs were released post 2000, and they contributed to 56% of FY25 revenue
Derivatives of catalogue songs are classified basis derivative song release date
MUSIC | LICENSING : INVESTMENT IN CONTENT (INR MN)
~10,000 Mn
Investment in Content includes marketing costs on new content
MUSIC | LICENSING : YOUTUBE CHARTBUSTERS
120M+
170M+
190M+
720M+
140M+
140M+
210M+
510M+
130M+
1800M+
Views from all versions of the song, including lyrical, uploaded on Saregama’s official YouTube channel. Does not include UGC views
Data Mining based Predictive Models I De-centralised Decision Making I Partnership with Production houses having proven track records I High Success Ratio
MUSIC | LICENSING : UPCOMING RELEASES
HINDI
Movie Name : Dhurandhar Cast : Ranveer Singh, Sanjay Dutt, Akshaye Khanna, Arjun Rampal, Sara Arjun
Movie Name : Naagzilla Cast : Kartik Aryan
Movie Name : Shri Radha Raman Cast : Siddharth Gupta, Sushmita Bhat
Movie Name : Love & War Cast : Ranbir Kapoor, Alia Bhatt, Vicky Kaushal
Movie Name : Tu Meri Main Tera Main Tera Tu Meri Cast : Kartik Aryan, Ananya Panday
MUSIC | LICENSING : UPCOMING RELEASES
TELUGU
TAMIL
Aakasam Lo Oka Tara
Paradise
Premante
Train
Idly Kadai
Parasakthi
MALAYALAM
MARATHI
Karam
Udumbanchola Vision
Sahasam
Khashaba
Mahaparinirvaan
Kirr Katta Kirr
MUSIC | LICENSING : INVESTMENT IN CONTENT
An Illustration
Revenue generation for 60-80 yrs
Content charged in P&L in 10 years
Payback in 5 years
91%
91%
91%
91%
91%
91%
91%
91%
91%
91%
54%
54%
59%
62%
66%
69%
71%
74%
32%
15%
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total Revenue of New Content
Total Expenses
Margin
New Music generates IRR of ~26%. Once the cost is fully charged off, the margins move up to ~90%
Total Expenses include marketing expense, amortization of content cost and royalty post recovery of cost+ hurdle rate
MUSIC | LICENSING : INORGANIC CATALOGUE ACQUISITION
Saregama Acquires the Biggest and Most 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 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. Publishing : Films and Digital Series
• We license our music to various Video OTT platforms like Netflix, JioHotstar, Amazon, MX Player, Zee5, etc. and production houses for using in their web-series
• Fixed fee licenses
C. Publishing : TV Channels • Saregama licenses its music to television channels for use in
various TV serials, reality shows etc.
• Fixed Fee for a time period
Films/Digital series licensing Saregama Music
TV Channels
uVid
F. Brand Partnerships
• Licenses to Brands for use of songs in their ad jingles.
Fixed fee for limited period & mediums • Creating bespoke music properties for Brands • Fixed fee licenses
MUSIC | LICENSING : MONETISATION
D. Video OTT
• Saregama’s music channels on YouTube have a cumulative subscriber base of 160 Mn+ subscribers • Share of Advertising & Subscription Revenue : Own
channel & UGC
• Fixed-fee licenses to other social media platforms, allowing their users to upload videos containing Saregama songs. Big future upside
Social Media Platforms
E. Societies • IPRS
• 50% of Underlying works licensing revenue
• Novex
MUSIC | ARTISTE MANAGEMENT
MUSIC | ARTISTE MANAGEMENT : ROSTER
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
BeYouNick 6.5 Mn Followers
Komal Pandey 3.4 Mn Followers
Viraj Ghelani 1.3 Mn Followers
The Tabla Guy 1.1 Mn Followers
Lash Curry 700K Followers
Gurdeep Mehndi 63K Followers
Added 100+ Influencers & Artistes taking the total count to 230+
EVENTS
CAPTURING INDIA'S LIVE EVENT MOMENTUM
Tapping into Rising Experiential Spending
+
Catering to a Youth-Driven Market
+
Leveraging existing music IP and deep artiste relationships to build unique, high-impact live event experiences for Older Segment
Music Festivals, Shows around super hit movies, Kids shows, Stand-up Comedy
+
Adopting a test-learn- scale approach to develop a resilient and adaptive live events model
EVENTS
Saregama Live
Artist Shows
IP – Musicals
Stand UP Comedy
Indian
International
Diljit Dosanjh
Himesh Reshamiya
Satinder Sartaj
Divine
Disco Dancer
Viraj Ghelani
Say Cheese Grandpa
Ye Shaam Mastani
Music Festival
RETAIL
RETAIL
•
Transition from sales through distribution channel to sales only through E-commerce and Modern Retail outlets
9.1
7.4
• Reduction in number of SKUs
• Manpower restructuring exercise carried out
• While the volumes and topline have shrunk,
profitability margins improved
3.9
4
3.5
6.9
5.6
4.3
Caravan Sales (Units in lakhs)
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
VIDEO SEGMENT
FILMS, DIGITAL SERIES, TV, & SHORT FORMAT
OUR GROWTH STRATEGY IN VIDEO SEGMENT 1min – 22mins – 45mins – 120mins
Pick Films and Cast primarily basis recoveries from Digital and TV licensing
+
Pick Series basis pre-licensing approval from a VoD/ TV platform
+
Build Communities of Gen Z across social media
Generate Brand Sponsorship Revenue around short-format content
+
Retain IP for Portfolio building & future exploitation
Access to Music Catalogue gives Unique Strength
VIDEO : FILMS, DIGITAL SERIES, TV, & SHORT FORMAT
Production house focussed on creating content for theatrical releases and 3rd party digital platforms & TV
Pocket Aces, through its studio Dice Media, creates premium web-series content for OTT platforms
TV content creation for both National & Regional channels, with a strong presence in South Indian markets & a strategic focus on retaining IP ownership
TV
In short-format content, leveraging digital platforms to create high-engagement videos
VIDEO : CONTENT PORTFOLIO
FILMS
DIGITAL SERIES
TV
SHORT FORMAT
Ni Main Sass Kuttni 2 (Punjabi)
Bazooka (Malayalam)
Teen Yaar Twisted Pyaar (Hindi)
Hunter: Season 2 (Hindi)
Ilakkiya 800+ Episodes
Malli 380+ Episodes
Devil (Kannada)
The Paradise (Telugu)
High Heels: Season 2 (Hindi)
Phir Se Udd Chala (Hindi)
Sevanthi 1890+ Episodes
Aadukalam 50+ Episodes
White Salt vs Pink Salt
Unravel Australia
A Tech-Driven Individual Agnostic IP Owning Company
that wants to ride on
Digital & Live Entertainment Growth Story of South-East Asia
FINANCIAL HIGHLIGHTS
Historical Consolidated Financial Summary
Particulars (INR Mn)
Revenue from Operations (A) Total Expenses (B) Adjusted EBIDTA (C= A-B) Adjusted EBIDTA Margin (%) Content Charge (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 (Face value Re.1)
FY25
11,713 8,147 3,566 30% 1,282 97 57 581 50 2,761 718 2,043
18%
10.61
FY24
8,030 5,001 3,030 38% 864 62 32 637
- 2,708 732 1,976
25%
10.27
YoY Growth
FY23*
46% 63% 18%
48% 56% 78% -9%
2% -2% 3%
7,366 4,654 2,712 37% 679 31 57 536
- 2,481 630 1,851
25%
9.63
Content Charge include the following charges related to the new content during the year: 1) 4) Content charge does not include royalty paid post-Minimum Guarantee amount recouped
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
*FY23 Numbers are restated post impact of demerger
Consolidated Balance Sheet
Equity and Liabilities (INR Mn)
FY25
FY24
FY23*
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) Borrowing
(ii) Lease liabilities
(iii) Trade payables
(iv) Other financial liabilities
(b) Other current liabilities
(c) Provisions
(d) Current tax liabilities
Total
193
15,641
15,834
34
14
309
59
518
-
13
1,274
812
1,319
731
34
193
14,498
14,691
35
23
2,090
57
474
17
15
933
610
655
650
88
193
13,228
13,421
34
1
-
42
464
-
6
702
565
876
921
9
20,951
20,338
17,041
Assets (INR Mn) Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Investment properties (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
(c) Current tax assets (net) (d) Other current assets Total
FY25
FY24
FY23*
2,222 21 20 6,082 -
- 78 501
2,238 34 21 5,130 55
- 172 468
2,207 7 21 1,143 40
- 530 573
2,402
2,393
1,643
1,177 1,432 694
4,743
193 33 359 1,059 20,951
1,177 1,587 569
4,852
221 31 275 1,115 20,338
2,388 1,480 167
4,916
262 219 301 1,144 17,041
* FY23 numbers are re-stated post impact of demerger
Consolidated Cash Flow Statement
Particulars (INR Mn)
FY25
FY24
FY23 #
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 Less: Transferred pursuant to the scheme of arrangement Effect of Translation of foreign currency cash and cash equivalents Cash and Cash Equivalents at end of the period *
2,761 17 1,882 (806)
(2,134) (1,275) 45 205 411
(79) (17) (8) (868) (15)
3,854
2,708 (400) (348) (514)
(1,342) (1,662) 761 1,422 474
1,446
2,481 (432) 116 (669)
(1,481) - (3,709) 3,120 27
1,496
(2,748)
(347)
(2,043)
(22) (14) (11) (771) (31)
(161) - (6) (578) (7)
(987) 119 569 -
5 693
(849) 250 167 149
3 569
(752) (1,299) 1,527 - (77) 16 167
* Exclude Investment in Bank FD with maturity more than 3 months and Investment in Mutual Funds INR 5,911 Mn in FY25, INR 6,023 Mn in FY24, and INR 7,802Mn in FY23 @ Represents amount invested in acquiring/producing Music and Film IPs # FY23 numbers are restated post impact of demerger
Consolidated Financial Charts
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 Financial Summary
Particulars (INR Mn)
Q1 FY26
Q4 FY25
QoQ
Q1 FY25
YoY
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
33%
864
33%
680
35%
842
1,029
21%
42%
1,016
32%
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
ADJUSTED EBITDA TO PAT
Particulars (INR Mn)
Q1 FY26
Q4 FY25
QoQ
Q1 FY25
YoY
FY25
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
Balance Sheet
*Borrowings represent temporary use of WC limits
Cashflow Statement
@ 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)
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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