Saregama India Limited, a leading music and entertainment company, has reported robust financial results for the third quarter of fiscal year 2025, along with significant corporate developments that signal the company's growth trajectory and expansion plans.

Financial Highlights

Saregama India Limited has announced impressive financial results for Q3FY25:

• Operating revenues reached INR 483.00 crores
• Profit Before Tax (PBT) stood at INR 84.00 crores
• Revenue growth exceeded the company's 30% guidance for FY25
• Adjusted EBITDA increased by 25% year-on-year

Business Segment Performance

Live Events

The live events segment emerged as a major contributor to the company's revenue:

• Generated INR 279.00 crores, accounting for 58% of quarterly revenue
• Reported a profit of INR 22.00 crores, albeit with lower margins

Music Business

The music vertical continued its strong performance:

• Grew by nearly 20% year-on-year
• Notable success with Stree 2 songs, generating 1.9 billion YouTube views and 450 million Spotify streams

Content Investment and Expansion

Saregama is maintaining its focus on content creation and market expansion:

• Released content worth INR 235.00 crores over nine months
• Full-year content investment expected to exceed INR 300.00 crores
• Expanded into hip-hop music through partnership with MTV Hustle Season 4
• Successfully conducted the Dil Luminati tour featuring Diljit Dosanjh

Corporate Developments

The company has made several strategic moves to strengthen its position:

1. New Subsidiary in Dubai: The Board of Directors has approved the incorporation of a wholly-owned subsidiary in Dubai Mainland, tentatively named 'Saregama Performing Arts and Music Festivals LLC'. This entity aims to tap into the Middle East market, focusing on live events, audio-video content licensing, and artist collaborations.

2. Key Personnel Changes: Mr. Nayan Kumar Misra has been appointed as the new Company Secretary and Compliance Officer, effective September 5, 2025. Mr. Misra brings over 15 years of experience in finance, secretarial, and legal functions.

3. Investor Relations: Saregama is set to participate in the RP-Sanjiv Goenka Group Investor Day on September 8, 2025, engaging with a wide range of institutional investors and analysts.

Dividend Announcement

The Board of Directors has declared an interim dividend of INR 4.50 per share, rewarding shareholders for the company's strong performance.

Future Outlook

Saregama's management maintains an optimistic view on future growth:

• Projects a medium-term growth of 22-23% CAGR for the music vertical
• Expects PBT to double over the next three to four years

The company's strategic initiatives, including content investment, market expansion, and the new Dubai subsidiary, position Saregama India Limited for continued growth in the dynamic media and entertainment industry.

Saregama India Ltd, a leading player in the Indian music and entertainment industry, has announced significant organizational changes and expansion plans, demonstrating its commitment to growth and corporate governance.

New Company Secretary Appointment

The Board of Directors of Saregama India Ltd has approved the appointment of Mr. Nayan Kumar Misra as the Company Secretary and Compliance Officer, effective September 5, 2025. Mr. Misra, a Commerce Graduate and member of the Institute of Company Secretaries of India, brings over 15 years of experience in Finance, Secretarial, and Legal functions to the role. His expertise in Corporate Laws and SEBI-related compliances, gained from previous associations with K Raheja Group and JSW Group, is expected to strengthen Saregama's compliance framework.

Key Managerial Personnel Authorization

In a move to enhance corporate governance, the Board has authorized three Key Managerial Personnel to determine the materiality of events for stock exchange disclosures. This responsibility will be shared by:

1. Mr. Vikram Mehra, Managing Director
2. Mr. Pankaj Mahesh Chaturvedi, Chief Financial Officer
3. Mr. Nayan Kumar Misra, Company Secretary and Compliance Officer

This decision aligns with Regulation 30(5) of the SEBI Listing Regulations, ensuring timely and appropriate disclosures to stakeholders.

Dubai Subsidiary Formation

In a strategic move to expand its global footprint, Saregama India Ltd has approved the incorporation of a wholly-owned subsidiary in Dubai Mainland. The new entity, to be named 'Saregama Performing Arts and Music Festivals LLC' (subject to regulatory approval), will be established with an initial paid-up capital of up to One Million AED.

The Dubai subsidiary is set to focus on tapping business potential in the Middle East Asia region through:

1. Organizing live events
2. Licensing of audio-video content
3. Collaborations with artists and content creators in the Media and Entertainment industry

This expansion is expected to strengthen Saregama's presence in the international market and diversify its revenue streams.

Investor Relations

Saregama India Ltd has also announced its participation in the upcoming RP-Sanjiv Goenka Group Investor Day scheduled for September 8, 2025. The event will host a wide range of institutional investors and analysts, including representatives from major asset management companies, mutual funds, and insurance firms. This engagement underscores Saregama's commitment to maintaining transparent communication with its investors and the financial community.

As Saregama India Ltd continues to evolve and expand, these strategic moves reflect the company's ambition to strengthen its position in the global media and entertainment landscape while maintaining robust corporate governance practices.