Latest news with #RPSGGroup
Business Standard
a day ago
- Business
- Business Standard
Saregama India gains as Q1 PAT soars 8% YoY to Rs 40 cr
Saregama India added 1.29% to Rs 489.85 after the company's standalone net profit jumped 7.79% to Rs 40.22 crore on 2.53% rise in revenue from operation to Rs 177.35 crore in Q1 FY26 over Q1 FY25. The companys consolidated net profit shed 0.70% to Rs 36.66 crore in Q1 FY26 as against Rs 36.92 crore posted in Q1 FY25. However, revenue from operations rose 0.72% year on year to Rs 206.77 in the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 51.05 crore in Q1 FY26, up 0.69% YoY. Adjusted EBITDA (EBITDA excluding content charge) stood at Rs 66.40 crore in Q1 FY26, down 2% compared with Rs 68 crore in Q1 FY25. Adjusted EBITDA margin stood at 32% in Q1 FY26 as against 33% in Q1 FY25. In Q1 FY26, the revenue from music and artist management rose by 0.94%, reaching Rs 143.28 crore, compared to Rs 141.94 crore in Q4 FY25. However, the Video segment experienced a significant decline, with revenue falling by 23.39% to Rs 35.65 crore, down from Rs 46.53 crore in Q1 FY25. Notably, the Artist Management segment saw a robust growth of 43.67%, with revenue climbing to Rs 22.74 crore in Q1 FY26, up from Rs 15.81 crore in the same quarter of the previous year. Additionally, the Events segment posted an impressive performance, with revenue soaring by 410%, rising to Rs 5.10 crore from just Rs 1 crore in Q1 FY25. Avarna Jain, vice chairperson, Saregama India, 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 companys sharp focus in scaling the business segments with profitability at its core. Saregama India, part of the RPSG Group, is Indias leading entertainment IP company. Its diverse portfolio includes film and non-film music, digital media, television content, artiste and influencer management, and film production.
Time of India
2 days ago
- Business
- Time of India
The Hundred: Focus is on preserving the legacy of Manchester, says Originals owner Sanjiv Goenka
Sanjiv Goenka (Image credit: X) LONDON: There are strong winds of change in English cricket, with Indian corporates acquiring ownership of franchises in The Hundred. While there are some concerns that these acquisitions could impact the culture of English cricket, the RPSG Group — owners of the Lucknow Super Giants and Durban Super Giants — is focused on preserving the heritage of Lancashire County as they head into The Hundred season with Manchester Originals. The first step towards this has been appointing local boy Phil Salt as the captain of the franchise. However, RPSG Group chairman Sanjiv Goenka claimed that Jos Buttler had declined the offer to lead the side, as he felt he was a better player when not captaining. 'I had discussions with Jos. He said he will captain the side if I insist. But I felt it was not right to force him. Salt is a product of Lancashire and has been doing really well. So, it made more sense to appoint him the captain,' Goenka told TOI. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! Goenka emphasised that it was imperative to honour the heritage and history of clubs like Lancashire. 'We are conscious of the legacies of these clubs. We have acquired other legacy brands earlier as well. We understand the importance of preserving the legacy and heritage — like we are careful about Mohun Bagan,' Goenka said. 'The heritage helps in a big way. You get a ready-made fanbase. Manchester is a very renowned sports city in the UK. The culture is very strong. The stadium has a good capacity. We understand that we need to retain the advantage,' he said. Salt, too, highlighted the culture of the city and its loyal fan base. 'To captain Manchester Originals — in the city where I grew up, where I first fell in love with the game — is more than just an honour. We've got a strong squad, a loyal fan base, and a lot of ambition. I can't wait to get stuck in and make this city proud,' Salt told TOI. 'I've walked into Old Trafford as a boy with wide eyes, and now I walk in with the responsibility to lead a group of world-class players. I'm also excited to begin this new chapter under the RPSG Group and Dr. Goenka's visionary leadership,' he added. Many IPL franchise owners and Indian corporates have ventured into various T20 leagues across the world. But Goenka feels The Hundred is a bit different — although not too dissimilar from the regular T20 format. 'It's just 20 balls less with a few changes in how an over is bowled. It's pretty similar to T20,' Goenka said. However, Goenka also said that he is looking to tap into the expertise of the Lancashire management and bring about commonality in management across different teams. 'There will be a commonality in management with the coaching staff and the medical staff. It is said that Lancashire has the best medical team. We can use that in a bigger way,' Goenka remarked. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Mint
2 days ago
- Business
- Mint
IPL owners make forays in The Hundred; who bought stakes in which English teams? Check complete details
The Indian Premier League (IPL) franchise owners extended their horizon on Wednesday as four of them were announced as "strategic partners" by the England and Wales Cricket Board (ECB) for teams in 'The Hundred'. They will gain operational control by October 1 this year. The ECB in a release confirmed India's GMR, Sun TV Network Limited, RPSG Group, and Reliance Group as the strategic partners that will unlock "hundreds of millions of pounds for game-wide growth". While the RPSG Group (70% stake at Manchester Originals), Sun TV Network Limited (100% stake at Northern Superchargers) and GMR Group (49% stake at Southern Brave) have formally completed their respective deals, the deal with Reliance Group (49% stake at Oval Invincibles) will be done at a later date. The RPSG Group is the owner of Lucknow Super Giants franchise in IPL while Sun TV Network Limited and GMR Group own Sunrisers Hyderabad and Delhi Capitals (co-owner) respectively. Reliance Group owns five-time IPL champions Mumbai Indians. Notably, the owners of Mumbai Indians, Lucknow Super Giants and Sunrisers Hyderabad also own teams in South Africa's premier T20 competition SA20. "The England and Wales Cricket Board (ECB) today confirmed a landmark achievement in the evolution of The Hundred, with deals now complete with the first six strategic partners for The Hundred teams," the ECB said in a statement. The ECB also made it clear that a new board will be established including the representatives from the English board and the teams including both investors and host clubs. This board will have "delegated authority over certain defined matters relating to the strategic direction and commercial growth." London Spirit – Tech Titans (49%) Birmingham Phoenix – Knighthead Capital Management, LLC, on behalf of its investors ('Knighthead') (49%) Manchester Originals – RPSG Group (70%) Northern Superchargers – Sun TV Network Limited (100%) Southern Brave – GMR Group (49%) Welsh Fire – Washington Freedom (50%) Oval Invincibles – Reliance Group (49%) - to be completed later Trent Rockets – Cain International & Ares Management (49%) - to be completed later
BBC News
2 days ago
- Business
- BBC News
'Seminal moment' - stakes sold in six Hundred teams
The sales of stakes in six of The Hundred teams have been completed, the England and Wales Cricket Board has in Oval Invincibles and Trent Rockets are yet to be completed but "remain on track".The Sun Group, owner of Indian Premier League (IPL) side Sunrisers Hyderabad, has paid just over £100m for a 100% stake in Northern Superchargers, who are based at Yorkshire's home company RPSG Group, which owns Lucknow Super Giants in the IPL and Durban's Super Giants in the SA20, has purchased 70% of Manchester Originals, while GMR Group, which owns Delhi Capitals, has bought 49% in Southern Brave. American-based groups Tech Titans (49%), Knighthead Capital Management (49%) and Washington Freedom (50%) have completed purchases in London Spirit, Birmingham Phoenix and Welsh Fire, valuation of the eight teams was £975m, with more than £500m being generated via the sales which will now be shared by the England and Wales Cricket Board (ECB) among its professional counties and at least £50m for grassroots cricket. Investors will take operational control from 1 October, meaning they will have no direct involvement in this year's competition, which starts on 5 August. 'A seminal moment for cricket in England and Wales' ECB chair Richard Thompson said: "The Hundred has already played a vital role in growing cricket in England and Wales - attracting new audiences, elevating the women's game, and delivering high-quality entertainment. The sheer scale of global interest we've seen throughout this process highlights just how much potential remains to be unlocked."With these new partners on board, we're entering an exciting new phase and a seminal moment for cricket in England and Wales. Their global perspective and track record in elite sport and business will help us reimagine what's possible - from deepening fan connections to attracting even more world-class players."Crucially, this investment will not only fuel the competition's growth but also channel transformative levels of funding into our professional counties and grassroots game. "This will ensure cricket continues to thrive at all levels across England and Wales for generations to come, supporting our broader ambitions to become the country's most inclusive sport and driving cricket into harder to reach and under-served communities."The ECB retains ownership of the competition and control of the regulations and playing window. A new board will be established, featuring ECB representatives and the teams, and will decide the strategic direction and commercial growth of The Hundred, including sponsorship and licensing deals, player salaries and player draft and retention 2025 Hundred runs until 31 August with 16 matches live on BBC TV and iPlayer, including both finals.
Business Standard
2 days ago
- Business
- Business Standard
Firstsource Solutions gains after Q1 PAT rises 25% YoY to Rs 169 cr in FY26
Firstsource Solutions advanced 1.32% to Rs 334.95 after the company's consolidated net profit rose 25.2% to Rs 169.33 crore on a 24.5% jump in revenue from operations to Rs 2,220.93 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) rose 27.48% YoY to Rs 213.23 crore in Q1 FY26. Total expense jumped 23.72% year on year to Rs 2,011.25 crore during the quarter. Employee benefits expense was at Rs 1,320.70 crore (up 17.21% YoY), while other expenses stood at Rs 549.86 crore (up 39.41% YoY) during the period under review. EBITDA stood at Rs 347.1 crore in Q1 FY26, registering growth of 28.6% as compared with Rs 269.9 crore in Q1 FY25. EBITDA margin improved to 15.7% in Q1 FY26 as against 15.1% in Q1 FY25. In dollar terms, the revenue stood at $259 million, registering a growth of 20.7% YoY. On constant currency terms, revenue was at 1.6% QoQ and 19.2% YoY. The companys employee strength stood at 34,495 at the end of Q1 FY26. Offshore and nearshore hires accounted for 80% of gross additions. The attrition rate declined further to 28.9%, marking a 13 percentage point improvement over the past eight quarters. Looking ahead, the company now expects revenue to grow between 13% and 15% in FY26, in constant currency termsslightly raising the lower end of its earlier forecast of 12% to 15%. This estimate doesnt factor in any potential boost from Pastdue Credit Solutions, as that deal is still awaiting regulatory approval. The company also continues to target an EBIT margin of 11.25% to 12% for the full year. Sanjiv Goenka, chairman of RPSG Group and Firstsource Solutions, said, Weve begun FY26 on a positive note, building on the momentum of a breakthrough FY25. The consistent cadence of large, high-quality deal wins quarter after quarter underscores our ability to deliver impact at scalepowered by AI, deep domain expertise, and agile operations. Our differentiated UnBPO approach, coupled with a focus on nonlinear, multi-tower engagements, continues to fuel sustainable growth, even in a volatile macro environment. With AI now embedded at the heart of our delivery through the Firstsource relAI suite and Agentic AI Studio, I am confident that our people, platforms, and partnerships will continue to power meaningful outcomes for our clients and stakeholders. Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company.
