Financials
Q2-2016: Saregama’s YoY revenue up 35.6% at Rs 55.87 crore
BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 35.6 per cent YoY growth in revenue or Total Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter). The company reported TIO of Rs 55.87 crore in the current quarter as compared to Rs 41.20 crore in the corresponding year ago quarter and 7.5 per cent QoQ growth from Rs 51.97 crore.
Note: 100,00,000 = 100 lakh =10 million = 1 crore.
Saregama reported year on year (YoY) increase in profit after tax (PAT) in Q2-2016. PAT in the current quarter was Rs 2.59 crore (4.6 per cent margin), while in Q2-2015, it was 2.08 crore (five per cent margin). QoQ, PAT declined slightly (declined by 1.5 per cent) from Rs 2.63 crore (5.1 per cent margin).
Segment Numbers
The company classifies its numbers by the two segments– Music and Television Serials (Television).
Saregama’s Music segment reported 26.9 per cent YoY growth in operating revenue in Q2-2016 at Rs 32.94 crore (59 per cent of TIO) from Rs 25.96 crore (63 per cent of TIO) and 15.9 per cent QoQ growth from Rs 28.41 crore (54.7 per cent of TIO).
Music segment operating profit in Q2-2016 grew 66.1 per cent YoY to Rs 10.98 crore from Rs 6.61 crore, but declined 8.9 per cent QoQ from Rs 12.05 crore.
Saregama’s Television segment reported operating revenue of Rs 22.86 crore (40.9 per cent of TIO), which was 50 per cent more than the Rs 15.24 crore (37 per cent of TIO) in Q2-2015, but three per cent lower than the Rs 23.56 crore (45.3 per cent of TIO) in Q1-2016.
The company’s Television segment reported operating profit of Rs 3.49 core in the current quarter as compared to an operating profit of Rs 0.19 crore in Q2-2015 and an operating loss in Q1-2016 of Rs 0.34 crore.
Let us look at the other numbers reported by Saregama
Saregama also reports revenue from three streams – Net Sales Income, License Fee, and Other. Net Sales Income in Q2-2016 increased 52.1 per cent YoY to Rs 23.31 crore (41.7 per cent of TIO) from Rs 15.53 crore (37.2 per cent of TIO), but declined by 2.1 per cent QoQ from to Rs 23.80 crore (45.8 per cent of TIO).
License Fees income in the current quarter increased 25.7 per cent YoY to Rs 32.44 crore (58.1 per cent of TIO) from Rs 25.80 crore (62.6 per cent of TIO) and increased 15.2 per cent from Rs 28.15 crore (54.2 per cent of TIO) in Q1-2016.
Other Income in the current quarter was Rs 0.05 crore; Rs 0.07 crore in Q2-2015; and Rs 0.02 crore, in Q1-2016.
Saregama’s Total Expense in the current quarter at Rs 54.14 crore (96.9 per cent of TIO) was 34.2 per cent more than the Rs 40.33 crore (97.9 per cent of TIO) in Q2-2015 and 10.5 per cent more than the Rs 49 crore (94.3 per cent of TIO) in Q1-2016.
The company’s Royalty Fee expense in Q2-2016 at Rs 5.34 crore (9.6 per cent of TIO) increased 16.6 per cent YoY from Rs 4.58 crore (11.1 per cent of TIO) and increased 11.5 per cent QoQ from Rs 4.79 crore (9.2 per cent of TIO).
Saregama’s advertising and sales promotion expense in Q2-2016 at Rs 4.2 crore (7.5 per cent of TIO) increased 35.9 per cent YoY from Rs 3.09 crore (7.5 per cent of TIO) and almost doubled (increased 97.2 per cent) QoQ from Rs 2.13 crore (4.1 per cent of TIO).
Employee Benefit Expense in the current quarter at Rs 11.41 crore (20.4 per cent of IO) was 68.3 per cent more than the Rs 6.78 crore (16.5 per cent of TIO) in Q2-2015 and 29.7 per cent more than the Rs 8.80 crore (16.9 per cent of TIO) in the immediate trailing quarter.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
