BENGALURU: Indian Custodians of music company Saregama Limited (Saregama) reported 18.2 per cent higher y-o-y results for the quarter ended June 30, 2014 (Q1-2015, current quarter).Income from operations (TIO) in Q1 2015 was Rs 42.31 crore as compared to the same quarter of 2014, which was Rs 35.81 crore and 2.4 per cent lower than the Rs 43.35 crore q-o-q. The company's PAT for the current quarter at Rs 3.36 crore (7.9 per cent of TIO) was 47.5 per cent more than the Rs 1.83 crore (5.1 per cent of TIO) in Q1-2014, but was less than half (0.49 times) the Rs 6.75 crore (15.6 per cent of TIO) in Q4-2014.
Saregama's Net sales (net of excise duty) at Rs 15.07 crore (35.6 per cent of TIO) in Q1-2015 was 17.6 per cent higher than the Rs 12.82 crore (35.8 per cent of TIO) in Q1-2014 and 11.3 per cent higher than the Rs 12.82 crore (35.8 per cent of TIO) in Q4-2014.
License fee income in Q1-2015 at Rs 27.12 crore (64.1 per cent of TIO) was 18.1 per cent more than the Rs 22.96 crore (64.1 per cent of TIO) in Q1-2014, but was 8.6 per cent lower than the Rs 29.68 crore (68.5 per cent of TIO) in Q4-2014.
