Q4 net profit down by 25%, the company sells over 903K units of Caravan during the year
Saregama, India’s oldest music label and the youngest movie studio, announced its financial results for the 4th Quarter ended March 31, and Financial Year 2018-19. The company continues with success of Carvaan and sustained growth of Licensing business has posted a PAT growth of 92% YoY in this Year. Carvaan continued in demand and company registered 132% growth and registered sales of 903K units during the current year against 389K in last year. Company has registered sales of 214K units of Carvaan in Q4 of current year.
Financial Summary -Consolidated
Financial Summary – Standalone Quarterly
1. Music Licensing Business registers 33% growth YoY in FY19
2. 903k units of Carvaan sold on FY19