Music label Saregama India drops after lower Q3 profit

Saregama India

09/02/2024 07:48

** Shares of music label Saregama India  SARE.NS  down 3% at
358.20 rupees
    ** SARE reports 1.8% Y/Y fall in Q3 consolidated net profit,
rev from ops rose 12.3% Y/Y
    ** Total expenses jumped 18.3%, led by operational costs
    ** Co also declared interim dividend of 4 rupees/share
    ** Stock on track to decline, snapping four consecutive
sessions of gains, if trend holds 
    ** Including session's move, stock down 3.3% YTD
    ** Stock rose 2.7% in 2023




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))