New Delhi, Nov. 4 -- Music record company Saregama India saw its shares jump 13.3% in Wednesday's trade on November 4 to settle at Rs.637 apiece, as investors cheered the company's September-quarter performance, which came in ahead of Street estimates.

The company reported a 46.4% year-on-year (YoY) increase in its consolidated net profit to Rs.64.17 crore, led by its Music business and the expansion of its Live Events segment. The company's Music business, which includes licensing, artiste management and retail, reported revenue of Rs.251.3 crore in Q2 FY27, registering 35% YoY growth.

The Live Events business, which comprises concerts, devotional events, stand-up comedy and experiential offerings, reported revenue of Rs.44.7 crore, re...