Music recording company Saregama India Ltd. delivered robust financial results for the June quarter of financial year 2027 (Q1FY27). According to the latest reports, the company's consolidated net profit rose 40.09% year-on-year to ₹51 crore in Q1FY27, compared with ₹36.51 crore in the corresponding quarter last year. Revenue from operations increased 27.09% annually to ₹263.60 crore during the quarter, up from ₹206.77 crore a year ago, demonstrating strong topline growth across the company's business segments. Total consolidated income reached ₹267.81 crore, marking a 21.18% increase from ₹221.00 crore reported in the same quarter of the previous fiscal year. Total expenses for the period also increased to ₹196 crore from ₹169.95 crore year-on-year. Basic earnings per share (EPS) for the quarter stood at ₹2.69, an increase from ₹1.90 in the year-ago period, while diluted EPS also rose to ₹2.69 from ₹1.90.
The company's operational performance showed significant improvement with EBITDA rising 69% to ₹112.4 crore from ₹55.3 crore in the year-ago period. As reported by Essential Business Intelligence, EBITDA margin expanded to 35.4% in Q1FY27 from 26.7% in the corresponding quarter last year, indicating enhanced operational efficiency and better cost management across business segments. The operating profitability improvement reflects stronger operating leverage and demonstrates the company's ability to scale operations effectively.
The music segment continued to be the primary growth driver for Saregama India, with revenue rising 39% year-on-year to ₹230 crore in Q1FY27. Music EBITDA stood at ₹139.8 crore, registering a 36% year-on-year increase, demonstrating the segment's strong operational performance. The company's diversified business portfolio showed strong performance across all segments, with Artist Management generating ₹46.02 crore, Video segment recorded ₹16.96 crore, and Events contributed ₹16.02 crore to the overall revenue. The company's share of net loss from associate Bhansali Productions Private Limited was ₹1.21 crore for the current quarter, reflecting the ongoing strategic shift in the video business towards investments in Bhansali Productions.
The live events business reported exceptional growth during the quarter, with revenue rising 214% year-on-year to ₹16 crore, supported by its multi-format strategy spanning concerts, devotional events, experiential formats and stand-up comedy. This strong performance in the live events segment contributed significantly to the overall revenue growth and demonstrates the company's successful diversification strategy across entertainment formats. The company's integrated ecosystem across music, video, live events and artiste management enables it to maximise the value of its intellectual property and positions it well for sustainable long-term growth.
During the quarter, Saregama continued its strategic expansion by further acquiring 35,635 shares in Pocket Aces Pictures Private Limited (PAPPL) on 24 July 2026, raising its stake to 95.76% from the previous 90.93% held as of June 2025. The company also adopted the revaluation model for land during the current quarter, recognising an incremental value of ₹12.63 crore under Other Comprehensive Income. Commenting on the results, Avarna Jain, Vice Chairperson, Saregama India, said the company had started the new financial year on a strong note, while continuing to strengthen its "Entertainment Flywheel." The company's Q1 performance comes as it continues to expand its entertainment ecosystem across music, video, live events and artiste management, with music remaining its largest revenue contributor.
