Saregama posts highest ever quarterly EBITDA of Rs. 1,327 Mn in Q4 FY26, recording a YoY growth of 31%, with quarterly Revenue from Operations growing at 19%
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 14 May 2026, 01:04 PM IST · BSE ID: c8ce7fa3-3705-4c81-9f35-b6467f1544fe
View Original BSE Filing (PDF)
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In Simple Terms
Saregama announced strong financial results for the latest quarter and full year, with increased revenue and profits.
🤖 AI Summary
- Saregama reported Q4 FY26 Revenue from Operations of Rs. 2,874 Mn, a 19% YoY growth.
- Adjusted EBITDA for Q4 FY26 stood at Rs. 1,327 Mn, marking a 31% YoY growth.
- Operational PBT in Q4 FY26 was Rs. 1,050 Mn, with a YoY growth of 37%.
- FY26 annual Music revenue reached Rs. 8,144 Mn, a 17% YoY increase.
- Live Events annual revenue for FY26 was Rs. 618 Mn, recording a 78% de-growth YoY.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4 FY26 Revenue from Operations
Rs. 2,874 Mn
19%
Q4 FY26 Adj. EBITDA
Rs. 1,327 Mn
31%
Q4 FY26 Operational PBT
Rs. 1,050 Mn
37%
FY26 Music annual Revenue
Rs. 8,144 Mn
17%
FY26 Music annual EBITDA
Rs. 5,167 Mn
22%
FY26 Music annual Net Margin
Rs. 3,768 Mn
28%
FY26 Live Events annual Revenue
Rs. 618 Mn
78%
FY26 Video annual Revenue
Rs. 1,084 Mn
🏢 How This Affects the Company
The company recorded growth in Music revenue for Q4 FY26 and FY26, indicating continued strength in its core IP licensing and artiste management businesses. The decline in Live Events revenue reflects a conscious scaling down in film production and specific event comparables.
Saregama posted its highest ever quarterly EBITDA of Rs. 1,327 Mn, showcasing improved operational profitability. Significant investments were made in new music (Rs. 2,354 Mn) and catalogue purchase (Rs. 1,047 Mn), impacting cash flow for IP building.
The company added 33 artistes in Q4 FY26, increasing its total roster to 300+ artistes. Operational highlights include the release of over 1,200 films & non-films tracks across multiple languages and scaling up of live events with new festival IPs.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the strong growth in Q4 FY26 profitability and FY26 Music segment performance, alongside the decline in Live Events revenue.
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Management Signal
Management intends to aggressively invest in new IP and diversify monetization strategies, reflected by highest ever combined investment in new music and catalogue purchase.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results — monitor growth in Music segment revenue.
Updates on new music investments — observe impact on content library.
Filings on Live Events segment — track any future diversification or recovery.
LOW RISK
The filing indicates robust financial performance in core segments with strategic investments in IP.
💡 Investor Takeaway
Saregama reported Q4 FY26 Revenue from Operations at Rs. 2,874 Mn (19% YoY growth) and Adjusted EBITDA at Rs. 1,327 Mn (31% YoY growth). FY26 Music revenue increased 17% YoY to Rs. 8,144 Mn, while Live Events revenue decreased 78% YoY to Rs. 618 Mn.
⚖️ Strengths & Concerns
✅ Positives
- Q4 FY26 Adjusted EBITDA reached Rs. 1,327 Mn, representing a 31% YoY growth and marking the highest ever quarterly EBITDA.
- FY26 annual Music Net Margin grew 28% YoY to Rs. 3,768 Mn, indicating strong profitability in the core music segment.
⚠️ Concerns
- FY26 annual Live Events revenue registered a de-growth of 78% to Rs. 618 Mn, primarily due to high comparables from FY25.
- Video annual Revenue for FY26 was Rs. 1,084 Mn, with the company consciously scaling down its Films Production business.
📅 Company Track Record
Saregama's previous filing on May 14, 2026, reported FY26 Consolidated Revenue of Rs. 98,462 Lakhs and Profit of Rs. 20,622 Lakhs. This current filing provides detailed segmented performance for Q4 and FY26, confirming strong annual growth in Music revenue and EBITDA.
Based on publicly available historical data. For context only.