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Saregama India reported 151% jump in consolidated net profit to Rs 37.2 crore in Q4 FY21 as against Rs 14.8 crore in Q4 FY20. Revenue from operations increased 14% year-on-year (YoY) to Rs 123.5 crore. Among segments, revenue from Music business was Rs 101.3 crore (up 10% YoY), revenue from TV & Films business was Rs 21 crore (up 27% YoY) and revenue from Publication business was Rs 1.2 crore (up 140% YoY) in the fourth quarter. Profit before tax in Q4 FY21 stood at Rs 50.3 crore, up by 126% from Rs 22.3 crore reported in Q4 FY20. The company said that 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 fueled by the increase in smartphones, the rising popularity of OTT and social media apps.

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