Latest news with #Saregama
Time of India
2 days ago
- Business
- Time of India
Stocks to buy today: Bharat Forge, Saregama among top 3 trading ideas for 4 June 2025
Indian markets are expected to open higher on Wednesday, buoyed by positive global cues. Nifty futures fell 0.69% on Tuesday, closing at 24,654, while India VIX dropped over 3%. Technical indicators suggest resistance at 24,750–24,850 and support at 24,200. A Bearish Engulfing pattern on the Sensex signals caution. Experts recommend stocks like Bharat Forge, Saregama, and Metropolis for short-term trades. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas, shared with ET Bureau) The Indian market is likely to trade higher on Wednesday, tracking positive global futures closed lower on Tuesday, declining 0.69% to 24,654. Meanwhile, India VIX fell over 3% to end at 16.56, indicating easing the options front, the maximum Call open interest (OI) is at the 25,000 and 25,500 strike prices, while the maximum Put OI is at the 24,600 and 24,500 writing was observed at the 24,600 and 25,000 strikes, while Put writing was seen at 24,300 and 24,550.'Options data suggests a broader trading range between 24,200 to 25,100 zones, with an immediate range between 24,300 to 24,800 levels,' said Chandan Taparia, Analyst – Derivatives at Motilal Oswal Financial Services 'Nifty50 settled with a loss of approximately 180 points on Tuesday, closing below its key support at the 20-day exponential moving average (20 DEMA),' he added.'Unless Nifty50 moves above 24,650, it may witness further profit booking towards 24,400 and then 24,200. Hurdles are seen at 24,750 and 24,850 levels,' Taparia the daily chart, the BSE Sensex formed a bearish candle along with a Bearish Engulfing pattern on Tuesday, signaling weakness and sustained selling pressure at higher Bank also formed a bearish candle on the daily chart, with some profit booking from higher levels, though it continues to trade well above its 20 | Target: Rs 1,315 | Stop Loss: Rs 1,247Buy | Target: Rs 595 | Stop Loss: Rs 540Buy | Target: Rs 1,765 | Stop Loss: Rs 1,680
Economic Times
25-05-2025
- Business
- Economic Times
Music labels seek new track as streaming hits paywall
Indian music labels are experiencing slower revenue growth. This is due to changes in the audio streaming market. Several platforms like Resso and Hungama have closed. Others such as Gaana are now subscription-based. Saregama's revenue remained flat. Zee Entertainment also saw growth slow down. The industry expects stabilization and renewed growth soon. These shifts impact the music business significantly. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's music labels are facing a slowdown in revenue growth as the country's audio streaming ecosystem is undergoing a structural shift, according to industry the shutdown of several streaming platforms and others moving behind paywalls, the ad-supported model has come under pressure, creating short-term disruptions across the industry, they said."There has been a lot of short-term pain over the past few quarters, with multiple services shutting down-first Resso, then Hungama and Wynk Music, and now Gaana moving behind a paywall," Vikram Mehra, managing director of Saregama , said on an earnings has led to a halt in revenue from free services, he said, adding, "But in the long run, it's a very healthy sign for the industry's growth."Saregama reported flat revenue in its music licensing and artist management segment for the March quarter at ₹171 crore, unchanged from a year earlier. The company attributed the stagnation in part to the shutdown of Wynk Music in December Somani, head of strategy, M&A and business development at Zee Entertainment , highlighted the impact on Zee's music business. "We have seen growth tapering to single digits, mainly because some of the homegrown streaming platforms have shut down or slowed down. But if you strip them out and look at a like-to-like basis on other platforms, the growth is pretty satisfactory. We expect things to stabilise this year and growth to pick up again," he Zee Entertainment doesn't disclose music revenue separately, the company earns more than ₹400 crore annually from the segment, according to industry the past 18 months, three audio streaming services-Wynk Music, Hungama and ByteDance-owned Resso-have shut down. Others, such as Spotify, Gaana and JioSaavn, have pivoted to subscription-based models from largely ad-supported ones.
Business Standard
15-05-2025
- Business
- Business Standard
Saregama India gains after Q4 PAT climbs 12% YoY to Rs 60 cr
Saregama India advanced 1.96% to Rs 558.90 after the company's consolidated net profit jumped 11.77% to Rs 60.13 crore despite 8.45% decline in revenue from operations to Rs 240.82 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) stood at Rs 81.62 crore in Q4 FY25, up 7.35% YoY. Adjusted EBITDA (EBITDA excluding content charge) stood at Rs 101.6 crore, registering the growth of 18% compared with Rs 86.4 crore in Q4 FY24. Adjusted EBITDA margin stood at 42% in Q4 FY25 as against 33% in Q4 FY24. Revenue from music and artist management rose 0.35% to Rs 171.4 crore in Q4 FY25 from Rs 170.8 crore in Q4 FY24. While revenue from video declined 22.4% YoY to Rs 49.2 crore during the quarter. On full year basis, the companys consolidated net profit jumped 3.38% to Rs 204.26 crore on 45.87% increase in revenue from operations to Rs 1,171.36 crore in FY25 over FY24. The company said that investments in content grew at 62% to touch Rs 316.0 crore, highest ever in its history, well on course to invest Rs 1,000 crore between FY25, FY26 and FY27 Avarna Jain, vice chairperson, Saregama India, said, Another path breaking year for Saregama with highest ever revenue from operations, driven by clear strategy of aggressive investments and diversification of IP monetization, including music, video and live events. The company stands on the cusp of an exciting growth phase with huge opportunities in this fast growing sector. Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. It has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products.
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.
Hans India
14-05-2025
- Entertainment
- Hans India
Saregama acquires The Paradise music rights for Rs 18 crore in industry-first deal
Music label Saregama has acquired the audio rights for the upcoming Telugu film The Paradise for ₹18 crore, marking an unprecedented figure for a Telugu-language film's soundtrack rights. The film, directed by Srikanth Odela and starring Nani, has drawn attention following the commercial success of their earlier collaboration, Dasara. The teaser for The Paradise, recently released by the filmmakers, generated significant traction online, contributing to industry interest around the project. The deal positions The Paradise as a major commercial venture even before its release. The project is being produced by Sudhakar Cherukuri under the SLV Cinemas banner and is being made on a large scale. With this agreement, The Paradise enters the market with a strong financial head start, signalling high expectations for its music and overall reception.
