Revenue from operations increased by 13.6 per cent to Rs 123.45 crore during the period under review as against Rs 108.66 crore in the same period a year ago, Saregama said in a regulatory filing.
Saregama said it has consistently increased the monetisation of its IP (music, films, TV serials) over the last 13 quarters.
“Digitisation and low cost of data in India remain the primary growth drivers of content consumption. This is further fuelled by the increase in smartphones, the rising popularity of OTT and social media apps,” the company said.
Saregama said the fast-growing digitisation of India, buoyed by the present Covid situation, is the key driver of change in content consumption habits.
“This trend is expected to continue for a long time, and Saregama has aligned its content strategy to ride on this digital wave.” the company added.
Shares of Saregama India settled 4.92 per cent lower at Rs 1,890.45 apiece on BSE.
