Saregama India Q2 FY26 Performance Review: Operational Efficiency, Margin Expansion, and Dividend Declaration

Key Financial Highlights (Q2 FY26 vs. Q2 FY25) Operational Strength (EBITDA): The company achieved robust operational performance, with EBITDA rising 13% year-over-year to ₹68.7 crore from ₹61 crore. Margin Expansion: EBITDA margins saw a substantial expansion of 480 basis points, improving to 29.9% from 25.1% in the corresponding quarter last year. This improvement highlights enhanced cost efficiencies and a favorable business mix. Revenue: Revenue from operations stood at ₹230 crore, compared to ₹241.8 crore in Q2 FY25, marking a 5% year-over-year decline. Net Profit (PAT): Consequently, net profit registered a marginal dip of 2.7% year-over-year, closing at ₹43.8 crore versus ₹45 crore in the prior-year period. Shareholder Value and Corporate Actions In a testament to the company's strong financial position and confidence in its cash flow, the Board of Directors has declared an interim dividend of ₹4.50 per equity share (representing 450% on a face value of ₹1 each). The record date for determining shareholder eligibility for the dividend has been fixed as November 11, 2025. Management Outlook Avarna Jain, Vice Chairperson of Saregama India, provided the following commentary: “H1 FY26 remained steady, reflecting overall industry conditions, and the outlook for the second half remains strong with several key projects and partnerships lined up. The company is in a strong position with its aggressive investment strategy coupled with diversifying business segments.” The Q2 results underscore the company's focus on profitability and its ability to effectively manage its cost structure. Management remains optimistic about H2, supported by a strong project pipeline and a continued strategy of aggressive investment and business diversification.