Hindi
Saregama IP boosts profits despite revenue fall in first quarter
BENGALURU: India music label and movie studio Saregama India Ltd (Saregama) reported 100 times growth in consolidated profit after tax (PAT) at Rs 22.01 crore for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the Rs 0.22 crore for the corresponding year ago quarter Q1 2020. The company’s consolidated operating revenue declined 39.2 percent y-o-y in Q1 2021 to Rs 76.49 crore from Rs 125.90 crore in Q1 2020.
Saregama says in a media release for the quarter that the primary profit driver was the increased consumption of Saregama IP: Music, Films, TV Serials on digital media by people staying at home. “There is more content getting consumed by more number of people in the post-Covid2019 era than the pre-Covid2019 one. These results have come despite Caravan sales slowing down in light of retail network being shut and no new shoots of our TV serials during this quarter.”
Saregama has mentioned the following highlights in its earnings release: (1) New Licensing deals with Facebook and Spotify (2) Two Yoodlee films released on Netflix: Chaman Bahaar and Axone. Both trended on Netflix Top 10 list says Saregama (3) License (remake, dubbing) deals for 2 Tamil TV serials in Telugu language (4) Carvaan sale re-started around mid-June and 15,000 units were sold during the quarter. There was a steep increase in the consumption of podcasts on Carvaan 2.0 during this period.
Saregama consolidated operating EBITDA for the period under review increased 122.6 percent (more than doubled) y-o-y to Rs 42.79 crore (55.9 percent of operating revenue) as compared to Rs 19.22 crore (15.3 percent of operating revenue).
Segment numbers for Q1 2021
Saregama has three segments in Music; Films and Television Serials; and Publication.
The company reported operating revenue of Rs 69.64 crore for Q1 2021 which was 36.8 percent lower y-o-y than the Rs 110.17 crore in Q1 2020. Operating result for the segment however almost tripled (increased by 198.8 percent) to Rs 38.5 crore in Q1 2021 from Rs 13 crore in Q1 2020.
Films and Television Serials segment reported 58.9 percent decline in operating revenue in Q1 2021 to Rs 5.87 crore from Rs 14.29 crore in Q1 2020. The segment’s operating loss increased in Q1 2021 to Rs 3.61 crore from an operating loss of Rs 1.17 crore in Q1 2020.
Publication segment operating revenue declined 93.2 percent to Rs 0.98 crore in Q1 2021 from Rs 14.4 crore in Q1 2020. Operating results for Q1 2021 was a higher operating loss of 3.13 crore as compared to an operating loss of Rs 3.05 crore in the corresponding year ago quarter.
Let us look at the other numbers reported by Saregama for Q1 2021
Consolidated total income (operating revenue plus other income) for Q1 2021 declined 36.1 percent y-o-y to Rs 81.86 crore from Rs 128.08 crore. Consolidated total expenses in Q1 2021 declined 53.2 percent y-o-y to Rs 59.85 crore from Rs 127.86 crore in Q1 2020.
Consolidated cost of materials consumed/Contract manufacturing charges for the quarter under review declined to by 98.8 percent to Rs 0.33 crore from Rs 26.95 crore in Q1 2020. Consolidated cost of production of Films and TV serials in Q1 2021 declined 86.7 percent y-o-y to Rs 1.79 crore from Rs 14.40 crore in Q1 2020. Consolidated employee benefits expense in Q1 2021 increased 13 percent y-o-y to Rs 17.44 crore from Rs 15.44 crore in Q1 2020.
Consolidated finance costs in Q1 2021 declined 50 percent to Rs 0.95 crore from Rs 1.90 crore. Consolidated advertisement and sales promotion costs in Q1 2021 declined 80.3 percent to Rs 6.07 crore from Rs 30.76 crore in Q1 2020. Consolidated royalty expenses in Q1 2021 fell 6.6 percent y-o-y to Rs 13.29 crore from Rs 14.23 crore in Q1 2020. Consolidated other expenses during the period under review fell 42.9 percent y-o-y to Rs 10.94 crore from Rs 19.16 crore in the corresponding year ago quarter.
Hindi
India’s telecom subscribers cross 1.32 billion in February 2026
Broadband base swells past 1.06 billion as Jio and Airtel tighten grip on the market.
MUMBAI: India’s telecom sector is ringing in steady growth once again adding millions of new connections every month while the race for broadband supremacy continues to heat up like a fiercely contested cricket match. According to the latest data released by the Telecom Regulatory Authority of India (TRAI) on 1 April 2026, the total telephone subscriber base in the country reached 1,321.31 million at the end of February 2026. This marked a net addition of 7.31 million subscribers during the month, translating into a monthly growth rate of 0.56 per cent.
Wireless subscribers (including mobile and Fixed Wireless Access) stood at 1,273.31 million, registering a net addition of 6.97 million and a growth rate of 0.55 per cent. Within this, urban wireless connections grew to 730.75 million (growth 0.70 per cent), while rural wireless subscribers reached 542.56 million (growth 0.35 per cent).
Wireline subscribers, though much smaller in scale, showed slightly faster growth. The total wireline base increased to 47.99 million, with a net addition of 0.34 million and a monthly growth rate of 0.70 per cent. Urban areas continued to dominate wireline connections with a share of 89.41 per cent.
Overall tele-density in India improved to 92.66 per cent. Urban tele-density stood at 150.68 per cent, while rural tele-density edged up to 60.02 per cent.
The broadband subscriber base crossed a significant milestone, reaching 1,059.05 million at the end of February 2026. This reflected a healthy net addition of 6.33 million subscribers and a monthly growth rate of 0.60 per cent from January’s figure of 1,052.72 million.
Segment-wise, mobile wireless access continued to drive the majority of growth with 996.52 million subscribers. Fixed Wireless Access (including 5G FWA) added 16.51 million, while wired broadband stood at 46.02 million.
Reliance Jio Infocomm Ltd. maintained its commanding lead with 519.64 million broadband subscribers. Bharti Airtel Ltd. followed with 364.14 million, Vodafone Idea Ltd. with 129.36 million, Bharat Sanchar Nigam Ltd. with 28.70 million, and Atria Convergence Technologies Ltd. with 2.38 million.
Together, these top five players command a massive 98.60 per cent share of the total broadband market.
In the wireless (mobile) segment, private operators continued to dominate with 92.59 per cent market share, leaving public sector undertakings (BSNL and MTNL) with just 7.41 per cent.
Out of the total 1,257.29 million wireless (mobile) subscribers, 1,177.60 million were active on the peak Visitor Location Register (VLR) date, representing an impressive 93.66 per cent activity rate. Bharti Airtel led in this metric with 99.42 per cent of its subscribers active.
Meanwhile, 14.47 million subscribers submitted requests for Mobile Number Portability (MNP) in February, indicating healthy competition and customer churn across zones.
While urban areas still lead in absolute numbers, rural connectivity is slowly catching up. Rural wireless tele-density stood at 59.46 per cent, compared with the much higher urban figure of 142.32 per cent.
Fixed Wireless Access using 5G technology also showed promising traction, growing to 11.93 million subscribers. Reliance Jio and Bharti Airtel are the primary players driving this segment.
The data paints a picture of a maturing yet still rapidly expanding telecom ecosystem. With total telephone subscribers now well past the 1.32 billion mark and broadband users comfortably above 1.06 billion, India continues to solidify its position as one of the world’s largest and most dynamic digital markets.
From bustling city streets to remote villages, more Indians are staying connected than ever before proving that when it comes to telecom, the country’s appetite for growth shows no signs of hanging up anytime soon.
