Saregama India shares jump 13.3% after results beat
In short
Saregama India’s September-quarter results beat expectations and pushed its shares up 13.3%. Net profit rose 46.4% to ₹64.17 crore. The company added 54 artistes and released more than 650 tracks, while Video revenue fell 16%.
The results look strong for Music and Live Events, which may support the stock. It is still unknown how long the share gains will last.
What the reporting says
Saregama India’s September-quarter results beat expectations and lifted its shares 13.3%. Net profit rose 46.4% year on year to ₹64.17 crore, helped by growth in Music and Live Events, while Video revenue fell 16%. The company also added 54 artistes and released more than 650 tracks, but the reporting does not say whether the share move will hold.
Why it matters
Saregama India reported September-quarter results that beat expectations, and its shares rose 13.3% after the release. Net profit increased 46.4% year on year to ₹64.17 crore, supported by Music and Live Events growth, while Video revenue declined 16%. The company also added 54 artistes and released more than 650 tracks. The reporting does not say whether the stock reaction will persist.