Saregama India Ltd is making a comeback in the Hindi movie circuit after decades.

The company has bought the music rights to the films of four big Bollywood production houses, which are expected to hit the theatres in the next 6-14 months. Saregama did not disclose the names citing confidentiality agreements.

Music rights of Bollywood blockbusters were the staple of the company during the last century before it took a pause and underwent a transformation, just as delivery of music and content changed from LP records to cassettes to CDs and finally went digital.

Riding on the digital wave, Saregama reported a 201 per cent growth in profit after tax in the third quarter at Rs 31.6 crore compared with Rs 10.5 crore a year ago.

Turnover went up 3 per cent to Rs 133.9 crore from Rs 129.5 crore in the same period last year.

The company said it has been able to increase monetisation of intellectual property (music, film, tv serials) for 12 consecutive quarters.