Saregama India Limited

Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028

Audited Financial Results for the quarter and year ended 31st March,2009

(Rs. in Lakhs)

Consolidated Financial Results

Three Months

Nine Months

Year

Three Months

Twelve Months

Ended

Sl.

Particulars

31st December,

31st March,

Sl.

Particulars

31st March,

No.

2008

2007

2008

2007

2008

No.

2009

2008

2009

2008

2009

2008

(Unaudited)

(Audited)

Dec-07

Dec-08

(a)

(i)

Net Sales

1,527

2,215

4,922

6,507

8,680

(a)

(i)

Net Sales

1,409

2,173

6,331

8,680

6,616

9,072

6507

4922

(ii)

Licence Fees

547

685

3,022

3,269

5,056

(ii)

Licence Fees

1,064

1,787

4,086

5,056

4,269

5,193

3269

3022

(b)

Other Operating Income

783

104

815

182

402

(b)

Other Operating Income

1,086

216

1,901

398

2,360

762

182

815

Expenditure :

(a)

(Increase)/Decrease in stock in trade

(1)

(253)

(394)

(366)

(a)

(Increase)/Decrease in stock in trade

409

503

(366)

489

(406)

-394

and Work in Progress

(b)

Consumption of raw materials

512

656

1,509

1,750

2,318

(b)

Consumption of raw materials

452

568

1,961

2,318

2,031

2,358

9797

1750

1509

(c)

Cost of production of films/television serials

236

469

765

1,254

1,743

(c)

Cost of production of films/television serials

187

489

953

1,743

953

1,743

1254

765.48

(d)

Employees Cost

509

535

1,529

1,474

1,972

(d)

Employees Cost

670

498

2,199

1,972

2,936

2,125

1474

1529

(e)

Depreciation ( net of transfer from

289

257

340

(e)

Depreciation ( net of transfer from

348

340

436

404

257

289

Revaluation Reserve)

(f)

Advertisement and Sales promotion

127

230

461

842

957

(f)

Advertisement and Sales promotion

235

115

696

957

785

969

842

461

(g)

Royalty

287

283

1,199

1,941

2,834

(g)

Royalty

255

893

1,454

2,834

1,461

2,855

1941

1199

(h)

Other Expenditure

934

775

2,486

2,190

3,253

(h)

Other Expenditure

1,125

1,063

3,611

3,253

4,470

3,816

2190

2486

(i)

Total

2,699

2,777

8,332

9,314

13,051

(i)

Total

3,392

3,737

11,725

13,051

13,561

13,864

9314

8332.5

Profit from Operations before Other Income, Interest and

158

227

427

644

1,087

Profit from Operations before Other Income, Interest and

167

439

593

1,083

(316)

1,163

644

426.52

Exceptional Items (1-2)

Other Income

147

173

201

Other Income

183

204

183

205

173

147

Profit before Interest and Exceptional Items (3+4)

188

254

574

817

1,288

Profit before Interest and Exceptional Items (3+4)

203

471

776

1,288

(133)

1,368

817

573.52

Interest

117

276

125

191

Interest

147

423

191

444

201

125

276

Profit after Interest but before Exceptional Items (5-6)

197

298

692

1,097

Profit after Interest but before Exceptional Items (5-6)

405

353

1,097

(577)

1,167

692

297.52

Exceptional Items

(38)

(47)

(115)

(136)

(181)

Exceptional Items

(38)

(45)

(153)

(181)

(153)

(181)

-136

-115

Profit (+)/ Loss (-) from Ordinary

150

183

556

916

Profit (+)/ Loss (-) from Ordinary

360

200

916

(730)

986

556

182.52

Activites before tax (7+8)

10.

Tax Expense

10.

Tax Expense

(a)

Current Tax

(a)

Current Tax

(3)

(b)

Fringe Benefit Tax

(b)

Fringe Benefit Tax

11.

Net Profit (+)/ Loss(-) from

11.

Net Profit (+)/ Loss(-) from

Ordinary Activities after tax (9-10)

135

132

454

773

Ordinary Activities after tax (9-10)

319

137

773

(799)

843

454

132

12.

Extraordinary Items (net of tax expense Rs.Nil)

12.

Extraordinary Items (net of tax expense Rs.Nil)

13.

Net Profit (+)/ Loss(-) for the period (11-12)

135

132

454

773

13.

Minority Inteest

454

131.52

14.

Paid-up Equity Share Capital

1,468

(Face Value of Rs.10/- each)

14.

Net Profit (+)/ Loss(-) for the period (11-12)

319

137

773

(817)

820

15.

Reserves excluding Revaluation Reserves (as per

7,822

15.

Paid-up Equity Share Capital

1,468

1468

Balance Sheet) of previous accounting year

(Face Value of Rs.10/- each)

16.

Earnings Per Share (EPS)

16.

Reserves excluding Revaluation Reserves (as per

7,960

7,822

7,728

(a)

Basic and Diluted EPS (Rs.)

0.12

0.92

0.90

3.09

5.26

Balance Sheet) of previous accounting year

before Extraordinary items for the period

(b)

Basic and Diluted EPS (Rs.)

0.12

0.92

0.90

3.09

5.26

17.

Earnings Per Share (EPS)

after Extraordinary items for the period

(a)

Basic and Diluted EPS (Rs.)

0.04

2.17

0.95

5.25

(5.57)

5.58

3.09

0.8959

before Extraordinary items for the period

Public shareholding

(b)

Basic and Diluted EPS (Rs.)

0.04

2.17

0.95

5.25

(5.57)

5.58

3.09

0.8959

- Number of shares

######

after Extraordinary items for the period

- Percentage of shareholding

46.88

48.24

46.88

48.24

46.88

18.

Public shareholding

- Number of shares

6,721,916

6,879,941

6,721,916

6,879,941

6,721,916

6,879,941

7E+06

- Percentage of shareholding

45.80

46.88

45.80

46.88

45.80

46.88

19.

Promoters and promoter group shareholding

(a)

Pledged/Encumbered

- Number of shares

- Percentage of shares (as a % of the total shareholding of

promoter and promoter group)

- Percentage of shares (as a% of the total share capital of

the company)

(b)

Non-encumbered

1E+07

- Number of Shares

7,953,822

- Percentage of shares (as a % of the total shareholding of

100.00

promoter and promoter group)

- Percentage of shares (as a% of the total share capital of

54.20

the company)

(Rs. in Lakhs)

Segment wise Revenue, Results and Capital Employed

Consolidated Financial Results

Three Months

Twelve Months

Year

Ended

ended

31st March,

2009

2008

2009

2008

2009

2008

(Audited)

Segment Revenue

(a)

Music

2,040

3,495

9,057

12,375

9,525

12,870

7017

(b)

Films/TV Serials

433

465

1,360

1,361

1,360

1,361

927

(c)

Publication

(d)

Unallocated

Total

2,473

3,960

10,417

13,736

10,885

14,231

7944

Less: Inter Segment Revenue

Net Sales /Income From Operations

2,473

3,960

10,417

13,736

10,885

14,231

7944

Segment Results

Profit (+) / Loss(-)before tax and Interest for each Segment

(a)

Music

879

980

2,460

2,748

2,426

2,744

1581

(b)

Films/TV Serials

(369)

(301)

(601)

(604)

(601)

(542)

-232

(c)

Publication

(875)

(d)

Unallocated

Total

509

679

1,858

2,144

950

2,202

1349

Less:

Interest

147

423

191

444

201

276

ii)

Other Unallocable Expenditure

381

284

1,416

1,502

1,416

1,502

1035

1,037

ii)

Other Unallocable Income

180

465

180

465

145

1,037

Total Profit Before tax

360

200

916

(730)

964

183

Capital Employed

(a)

Music

8,657

7,380

8,657

7,380

8,134

10,881

7866

(b)

Films/TV Serials

2,989

1,675

2,989

1,675

2,989

1,675

2677

(c)

Publication

(891)

(d)

Unallocated

Total

11,646

9,055

11,646

9,055

10,233

12,556

10543

NOTES:

Out of the 53,38,628 equity shares of Rs. 10/- each for cash at a premium of Rs.35/- (issue price - Rs.45/-) pursuant to the Rights Issue in 2005, allotment of 5490 equity shares (relating to cases under

litigation / pending clearance from concerned authorities) are kept in abeyance till 31st March, 2009.

The Company has adopted the Intrinsic Value method in keeping with the applicable regulatory pronouncements for accounting the stock options granted by the Company during the financial year

2006-07, which had no impact on the financial results of the Company. Had the fair value method been used in keeping with the said pronouncements, net results and earnings per share (basic and

diluted) for the year would have been lower by Rs.12.64 lacs and Re. 0.09 and for the quarter would have been lower by Rs. 3.45 lacs and Re. 0.02 respectively.

An amount of Rs. 461 lacs has been paid during the twelve months ended 31st March, 2008 by the Company to its employees who retired under the Company's Voluntary Retirement Scheme-2007.

This amount is being charged off over the remaining period of service of the related employees or three years whichever is lower. Accordingly, an amount of Rs. 181 lacs, Rs. 153 lacs and Rs.38 lacs ha

been charged off (included under exceptional Items) during the year ended 31st March, 2008, twelve months ended 31st March, 2009 and quarter ended 31st March, 2009 respectively.

The number of investor complaints received, disposed off and lying unresolved at the quarter ended 31st March, 2009 are as under:

Pending at the beginning of the quarter -

Received during the quarter -

Disposed off during the quarter -

Lying unresolved at the end of quarter -

Previous periods figures have been regrouped/rearranged where considered necessary.

The above results were reviewed by the Audit Committee and subsequently taken on record by the Board of Directors at its meeting held on 29th June, 2009.

On behalf of the Board

Kolkata,

Apurv Nagpal

29th June, 2009

Managing Director

For investor grievances mail to : co.sec@saregama.co.in

(b)

Other Operating Income

ytd march09

ytd dec08

for the qrJAN/MAR09

ytd march08

ytd dec07

for the qr JAN/MAR08

liabilities nolonger required

1720.35

778.60

941.75

289.87

161.92

127.95

exchange mdifference

35.54

22.85

12.69

46.77

mis income

139.37

13.73

125.64

50.94

17.96

32.98

Provison for Doubtful Debts/ asdv w/b

10.83

total

1895.26

815.18

1080.08

398.41

179.88

207.7

sagment revenue

music

revenue

9,221.62

7,155.24

incentive

164.05

138.03

music total

9,057.57

7,017.22

2,040.35

12375

8880

3495

sagment revenue-tv/film

revenue

1,359.84

926.43

1361

films/tv total

1,359.84

926.43

433.41

1361

896

465

TOTAL REVENUE

10,417.41

7,943.65

2,473.77

13736

9776

3960

Segment Results

Profit (+) / Loss(-)before tax and Interest for each Segment

YTD MARCH09

YTD DEC08

JAN/MARCH09

FFILM/TV-RESULTSAP

-604.42

-234.25

-370.17

LESS GRATUITY

2.98

2.26

0.72

NET PROFIT/(LOSS)-FILM/TV

-601.44

-231.99

-369.45

OTHERUNALLOCABLE EXPENSES

Corporate Unallocated expenses

Dep on SAP

116.28

Adjustment for Gratuity-ALLMANGERS+STAFF

55.24

Adjustment for leave encash ment for managers

24.91

CORPORATE UNALOCABLE EXPENSES

1,417.58

TOTAL

1,614.01

1035.01

579.00

CORPORATE

CORPORATE TRIAL

STAFFCOST

60,606,512.00

OTHER EXPENSES

76,743,313.66

4503010101 Directors' Fees

400,000.00

4508010101 Provision for dimunition in value of Investments

500,000.00

4509010101 Foreign Exchange Loss - Realised

1,749,865.91

4509010102 Foreign Exchange Loss - Unrealised

1,758,024.00

TOTAL COORPORATE EXPENSES

141,757,715.57

OTHER UNALOCABLE INCOME

Unallocable Income

Dividend

61.82

Income from Mutual fund

0.18

Interest income

2.67

Profit on Sale of Current Investments

Interest Advance tax

6.83

Miscellaneous Income

rent Income( only SIL's Part)

110.57

TOTAL

182.07

145.00

37.07

SIL

FILM

Segment Assets

Net Block

407,490.00

Capital WIP

Investments ( not to be considered)

Inventories

44,366,760.14

Debtors

58,111,100.71

Cr bal of Debtors ( not considered as net drs taken)

Cash and Bank

4,852,231.84

Other Current Asset

2,000,000.00

Loans and Advances

203,905,374.00

Miscellaneous Expenditure not written off(VRS)

ICD ( not to be considered)

Less: Unallocable Assets

Less: SFL

313642956.69

Segment Liabilties

Current Liabilities

(12,830,643.30)

Cr bal of Debtors

Security Deposit from Dealers

Interst Accreud But not due on ICD ( not to be considered)

Provisions

Less: Unallocable Liabilities

Less : SFL

-12830643.30

Capital Employed

300812313.39

0.00

Unallocable Assets

Income Tax Assets

Fixed Assets(Software) - SAP software,HR mnodule& other software commonly used

Corporate - Unallocable assets

Cash and Bank-Corporate

Deposits- Corporate

Total

Unallocable liabilities

Unallocable liabilities( included above)

-Unpaid Dividend

#DIV/0!

-Unpaid application money

#DIV/0!

ICD Taken

0.00

Cash Credit

0.00

Short Term Loan(UBI)

0.00

- Interest Accrued and due

0.00

Provision for Gratuity-(Entirely)

#DIV/0!

Proposed Dividend

#DIV/0!

Tax on Proposed Dividend

0.00

Provision for Leave Encashment-(mngr)

#DIV/0!

Total

#DIV/0!