Sony Music Entertainment India (SMEI) reported a 11.27% increase in net profit to Rs 227 crore for the fiscal ended March 2023, up from Rs 204 crore in the previous fiscal. Operating revenue increased 26% to Rs 745 crore, with 64% coming from outside India. Digital, broadcasting, and licensing income increased by 25% to Rs 728 crore, while service income doubled to Rs 17 crore. SMEI generates revenue through monetizing intellectual property rights, content production, and brand promotion services.
Decisions of the Annual General Meeting of Shareholders held on 27 April 2021 globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
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