Saregama India Q1 net profit jumps 50.60% at Rs 41.61 cr
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The company reported standalone net profit of Rs 41.61 crore for the quarter ended June 30, 2022 as compared to Rs 27.63 crore in the same period last year, registering a year-on-year growth of 50.60 per cent. Net revenue of the company rose substantially by 44.63 per cent at Rs 147.86 crore in April-June quarter of this fiscal as against Rs 102.23 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 48.29 per cent to Rs 96.39 crore from Rs 65.00 crore in year ago period. Other Income grew by 246.81 per cent at Rs 9.78 crore versus (Jun'21 Rs 2.82 crore).
Operating Profit surged by 38.25 per cent to Rs 51.47 crore as against Rs 37.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.42 per cent in June quarter. Interest grew by 102.94 per cent y-o-y to Rs 1.38 crore, while Taxation increased by 50.85 per cent at Rs 14.27 crore (Jun'21 Rs 9.46 crore).
