Saregama India Ltd (SAREGAMA) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Saregama India Ltd. reported operating revenue of INR 483 crores and a PBT of INR 84 crores in the Dec-2024 quarter. Revenue growth exceeded the FY25 guidance of 30%.
- Adjusted EBITDA increased by 25% year-over-year. However, the disproportionate contribution of live events (58% of revenue) with lower margins impacted the overall adjusted EBITDA margin, which fell to 21%. Excluding events, the adjusted EBITDA margin remained at a healthy 40%.
- The music business (licensing and artist management) grew by close to 20% year-over-year, driven by continued growth in YouTube revenues and progress towards a fully paid subscription model for audio streaming.
- The company invested INR 235 crores in new content during the first nine months of FY25, the highest ever, and expects to invest upwards of INR 300 crores for the full year.
- The live events business saw significant success with the Diljit Dosanjh Luminati tour, the most successful tour of any artist ever in India.
Financial Metrics
Log in to Stocksigma to read the Financial Metrics section of this summary.
Operating Performance / Business Segments
Log in to Stocksigma to read the Operating Performance / Business Segments section of this summary.
Key Discussions & Insights
Log in to Stocksigma to read the Key Discussions & Insights section of this summary.
Outlook and Guidance
Log in to Stocksigma to read the Outlook and Guidance section of this summary.
Challenges / Concerns
Log in to Stocksigma to read the Challenges / Concerns section of this summary.
Industry / Competitive Landscape
Log in to Stocksigma to read the Industry / Competitive Landscape section of this summary.
Overall Summary
Log in to Stocksigma to read the Overall Summary section of this summary.