Saregama, a part of RPSG Group, saw a slight dip in its September quarter performance. Net profit fell 2% year-on-year to Rs 44 crore. Revenue from operations also declined 5% to Rs 230 crore. The company declared an interim dividend of Rs 4.50 per share. Saregama expanded its music portfolio and saw growth in its live events business.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian