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The Print
15-05-2025
- Business
- The Print
Saregama India reports 11 pc rise in net profit to Rs 60cr
Revenue from operations stood at Rs 240.8 crore, lower than Rs 263 crore in Q4 FY'24, it said. The company, a part of the Kolkata-based RPSG Group, had reported a net profit of Rs 53.9 crore in the same quarter of the previous fiscal. Kolkata, May 15 (PTI) Music label Saregama India on Thursday reported an 11.1 per cent rise in net profit to Rs 59.8 crore during the fourth quarter of 2024-25. However, the company posted a strong improvement in operational performance, with adjusted EBITDA margin rising to 42 per cent, from 33 per cent a year ago. For the full fiscal year ended March 31, Saregama India's profit after tax stood at Rs 204.2 crore. Investments in content surged 62 per cent year-on-year to a record Rs 316 crore in FY'25 — the highest in the company's history, it said. The company said it remains on course to invest Rs 1,000 crore in content till the end of FY'27. PTI BSM SOM This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hans India
15-05-2025
- Business
- Hans India
Saregama India's Q4 revenue falls over 50 pc, net profit slips
Mumbai: Saregama India Limited, part of the RPSG Group and chaired by Sanjiv Goenka, on Thursday reported a decline in both revenue and net profit in the fourth quarter (Q4) of FY25 compared to the previous quarter (Q3 FY25). The company's revenue from operations fell sequentially by 50.16 per cent to Rs 240.82 crore in Q4, from Rs 483.43 crore in Q3, according to its stock exchange filing. Similarly, Saregama's profit after tax (PAT) in Q4 stood at Rs 59.86 crore, a 3.98 per cent drop sequentially from Rs 62.34 crore reported in Q3. Profit attributable to the owner of the company declined by 3.50 per cent, from Rs 62.31 crore in Q3 to Rs 60.13 crore in Q4. Total income also took a hit as it dropped by 48.21 per cent, coming in at Rs 258.47 crore in the March quarter (Q4), compared to Rs 499.14 crore in the December quarter (Q3). However, when compared on a year-on-year (YoY) basis, Saregama's PAT showed positive growth. The Q4 profit increased by 11.06 per cent from Rs 53.9 crore in the same quarter last fiscal -- reflecting underlying resilience. Saregama's share was trading 2 per cent higher at Rs 559.10 on the National Stock Exchange (NSE), up Rs 10.95 during the intra-day session. Avarna Jain, Vice Chairperson, Saregama India Ltd said in a statement that 'This has been another path-breaking year for Saregama, with our highest-ever revenue from operations". 'Our strategy of aggressive investments and IP monetisation across music, video, and live events is showing strong results. We are at the edge of an exciting growth phase in this rapidly expanding sector,' she mentioned. The company has been expanding its content portfolio aggressively. In FY25, it released over 700 film and non-film tracks across multiple Indian languages, including Hindi, Tamil, Telugu, Bengali, Punjabi, Marathi, Gujarati, Bhojpuri, and Malayalam. 'It also acquired 22 music labels covering seven languages, adding more than 2,800 songs to its catalog,' the company added.
Business Standard
29-04-2025
- Business
- Business Standard
Firstsource Solutions Q4 PAT rises 20% YoY to Rs 161 cr in FY25
Firstsource Solutions' consolidated net profit rose 20.37% to Rs 160.69 crore on a 29.86% jump in revenue from operations to Rs 2,167.77 crore in Q4 FY25 over Q4 FY25. Profit before tax (PBT) rose 26.63% YoY to Rs 201.71 crore in Q4 FY25. Total expense jumped 29.58% year on year to Rs 1,961.86 crore during the quarter. Employee benefits expense was at Rs 1,351.50 crore (up 28.01% YoY), while other expenses stood at Rs 477.14 crore (up 30.96% YoY) during the period under review. EBITDA stood at Rs 332.8 crore during the quarter compared with Rs 250.3 crore recorded in the corresponding quarter last year. EBITDA margin improved to 15.4% in Q4 FY25 as against 14% in Q4 FY24. In dollar terms, the revenue stood at $250 million, registering the growth of 24.38% YoY. On constant currency terms, revenue was at 2.1% QoQ and 25% YoY. The firm secured five large deals in Q4, bringing the total to a record 14 large deals for FY25, the highest annual intake by the company. Key wins included its largest-ever healthcare BPaaS deal in North America, a large CX services contract with a US-based global fintech leader, and a transformation contract for contact center operations in the UK. The company added seven new logos in Q4, totaling 43 new logos for the year. The companys headcount at the end of FY25 stood at 34,651, with 507 net additions during Q4. Offshore and nearshore hires made up 80% of the new additions. The trailing 12-month attrition rate declined to 29.8% from 31.4% in the previous quarter. Looking ahead, the company expects FY26 revenue growth of 12-15% in constant currency terms, with operating margins projected in the range of 11.25-12%. Sanjiv Goenka, chairman of RPSG Group and Firstsource Solutions, said, FY25 has been a year of sustained momentum and strategic progress for Firstsource. I am delighted to share that we achieved a US$1 billion annualized revenue run ratea landmark milestone in our transformational journey. Six consecutive quarters of sequential revenue growth and securing significant large deals is a clear validation of our relevance and value in a rapidly evolving market. Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company. Shares of Firstsource Solutions fell 1.59% to Rs 350.50 on the BSE.
BBC News
14-02-2025
- Business
- BBC News
'Justify' Hundred expansion, says Originals chair
Any expansion of The Hundred from eight teams would need to be justified, according to the chair of Manchester Thursday, England and Wales Cricket Board (ECB) director of business operations Vikram Banerjee said expansion is a "no brainer" after auctions valued the current eight teams at a combined £ earliest any more teams could be added would be 2029, following the conclusion of the ECB's broadcast deal with the possibility of expansion in 2029, Originals chair James Sheridan said: "It is understandable that the ECB is open to that because it has stakeholders who want to join the party."Whether it makes sense for team owners and the existing eight teams, we'll have to see."We have to see that people who've invested an awful lot of money in the competition and the teams are seeing a growth in that investment to justify an expansion."Sheridan was speaking at an event to launch the Originals' partnership with the RPSG Group, owners of Indian Premier League (IPL) side Lucknow Super Giants. RPSG have agreed to pay just over £80m for a 70% stake in the franchise based at Old were one of two new teams to join the IPL when it expanded from eight to 10 franchises in 2022, 14 years after its inaugural season. The Hundred is a much younger competition, having been founded in 2021. Sheridan pointed to the format of The Hundred, which includes men's and women's competitions with double-header matches at the same venue each day, and the existence of the counties' T20 Blast."The UK has got an 18-team short-form tournament," he said."One of the special things about The Hundred has been the double-header, top-level women's cricket alongside top-level men's cricket, and there should be a focus on getting that better and better."Expansion only makes sense if this competition grows very strongly over that period of time, a quick period."Banerjee, who oversaw the sales of stakes in the eight existing Hundred teams, explained that expansion would depend on the financial benefits, identifying suitable venues and having the depth of players to fill more terms of location, Durham's Chester-le-Street and a ground in the south west, Somerset or Gloucestershire, would be the most likely candidates for a new ECB has been adamant that The Hundred will not take up any extra space in the calendar, sticking to a window of four weeks in the school summer the current format includes each team playing eight group matches - six opponents once and their nearest rivals twice - expanding to nine teams playing each other once would not greatly inflate the number of games played, supporting the assertion that it is possible to grow The Hundred within the current growth to 10 teams could lead to 13 more group games than the current schedule if each team played one another Goenka, vice-chair of the RPSG Group, said: "Globally we have seen some sporting events expanded in terms of a number of franchises being added."When you look at it from a before and after situation, the overall event and individual franchises have always done better once more teams have been introduced."Those teams generally get introduced once there is a certain base that has been established for a competition."
