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
Shekhar Suman opens acting academy in Mumbai
The veteran actor-presenter launches SSFA, promising immersive, mentorship-led training for aspiring actors and storytellers
Mumbai: Forty years in front of the camera, and Shekhar Suman still isn’t done. The actor, host, writer and director, one of Indian entertainment’s most restless polymaths, is now training his sights on the next generation, launching the Shekhar Suman Film Academy (SSFA) in Mumbai on 22nd April 2026. Registrations for the inaugural batch are already open.
SSFA pitches itself squarely against formula-driven acting schools, leading with an intensive three-month programme that Suman says he personally designed and will largely conduct himself. The curriculum blends voice and speech work, emotional access, body awareness and camera technique with the Linklater Voice Method, film language and on-set discipline, and rounds off with a student film, giving trainees their first taste of a real set.
Masterclasses with actors, casting directors and filmmakers sit alongside the core course. The academy is conceived as a platform that will eventually sprawl into screenwriting, direction, cinematography, music production and post-production: a full creative ecosystem rather than a single acting school.
“For me, this academy is not just an institution. It is a very personal way of giving back to the craft that has given me everything,” said Suman. “Over the years, acting has taught me discipline, imagination, resilience, and the importance of truth in performance. Through this academy, I hope to create something that goes beyond training and becomes a true creative journey for every student who walks in.”
Behind the scenes, the academy is backed by GBM Studios. Dharmesh Sangani, founder and visionary, is the driving force, bringing what the academy describes as “a focused approach to creating meaningful opportunities within the industry.” Adhyayan Suman, founder and director and Shekhar’s son, adds a performer’s perspective honed across acting, music and direction. Ekant Babani, partner and chief operating officer, handles strategy and operations.
Entry is deliberately low-barrier. No prior training is needed: applicants sit a basic self-audition test, shifting the focus firmly to potential rather than polish. The academy says it aims to stay accessible while delivering a premium, hands-on experience.
In a country where acting schools multiply almost as fast as OTT platforms, Suman’s personal stamp and his willingness to stand in the room and teach may be the sharpest edge SSFA has. For those ready to test that promise, the curtain is already up. Apply at shekharsumanfilmacademy.com
