Saregama India Ltd: June ’22 Results Update
Moneylife Digital Team 06 September 2022
Saregama India Ltd’s (SIL’s) net sales declined 6% quarter-on-quarter (q-o-q) from Rs180 crore in Q4FY21-22 to Rs169 crore in Q1FY22-23. Its earnings before interest and taxes (EBIT) remained largely flat over the same period and its EBIT margin improved from 26% in Q4FY21-22 to 28% in Q1FY22-23. We had discussed music licensing business in detail in April 2021 here.
In Q1FY22-23, the music...
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