Saregama India Limited
Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028
Unaudited Financial Results for the quarter ended 30th June, 2009
							(Rs. in Lakhs)
					Quarter	Quarter	Year
					Ended	Ended	Ended
Sl.			Particulars		30th June	30th June,	31st March,
No.					2009	2008	2009
					(Unaudited)	(Unaudited)	(Audited)
1.	(a)	(i)	Net Sales		971	1,769	6,331
		(ii)	Licence Fees		1,117	1,061	4,086
	(b)	Other Operating Income			39	24	1,901
2	Expenditure :
	(a)		(Increase)/Decrease in stock in trade		87	42	503
			and Work in Progress
	(b)		Consumption of raw materials		178	527	1,961
	(c)		Cost of production of films/television serials		189	276	953
	(d)		Employees Cost		537	482	2,199
	(e)		Depreciation ( net of transfer from		80	96	331
			Revaluation Reserve)
	(f)		Advertisement and Sales promotion		34	87	696
	(g)		Royalty		203	513	1,454
	(h)		Other Expenditure		616	661	3,628
	(i)		Total		1,924	2,684	11,725
3.	Profit from Operations before Other Income, Interest and				203	170	593
	Exceptional Items (1-2)
4.	Other Income				32	29	183
5.	Profit before Interest and Exceptional Items (3+4)				235	199	776
6.	Interest				179	71	423
7.	Profit after Interest but before Exceptional Items (5-6)				56	128	353
8.	Exceptional Items				(32)	(38)	(153)
9.	Profit (+)/ Loss (-) from Ordinary				24	90	200
	Activites before tax (7+8)						66
10.	Tax Expense
	(a)		Current Tax		3	10	13
	(b)		Fringe Benefit Tax		10	12	50
11.	Net Profit (+)/ Loss(-) from
	Ordinary Activities after tax (9-10)				11	68	137
12.	Extraordinary Items (net of tax expense)				-	-	-
13.	Net Profit (+)/ Loss(-) for the period (11-12)				11	68	137
14.	Paid-up Equity Share Capital				1,468	1,468	1,468
	(Face Value of Rs.10/- each)
15.	Reserves excluding Revaluation Reserves (as per						7,960
	Balance Sheet) of previous accounting year
16.	Earnings Per Share (EPS)
	(a)		Basic and Diluted EPS (Rs.)		0.07	0.46	0.94
			before Extraordinary items for the period
	(b)		Basic and Diluted EPS (Rs.)		0.07	0.46	0.94
			after Extraordinary items for the period
17.	Public shareholding
			-  Number of shares		6,721,916	6,879,941	6,721,916
			-  Percentage of shareholding		45.80	46.88	45.80
18.	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
			- Number of Shares		7,953,822	-	7,953,822
			- Percentage of shares (as a % of the total shareholding of		100.00	-	100.00
			promoter and promoter group)
			- Percentage of shares (as a% of the total share capital of		54.20	-	54.20
			the company)
Segment wise Revenue, Results and Capital Employed
					Quarter	Quarter	Year
					Ended	Ended	Ended
					30th June	30th June,	31st March,
					2009	2008	2009
					(Unaudited)	(Unaudited)	(Audited)
	Segment Revenue
	(a)		Music		1,786	2,530	9,057
	(b)		Films/TV Serials		302	300	1,360
	(c)		Unallocated		-	-	-
	Total				2,088	2,830	10,417
	Less: Inter Segment Revenue				-	-
	Net Sales /Income From Operations				2,088	2,830	10,417
	Segment Results
	Profit (+) / Loss(-)before tax and Interest for each Segment
	(a)		Music		506	541	2,489
	(b)		Films/TV Serials		70	(55)	(610)
	(c)		Unallocated		-	-	-
	Total				576	486	1,879
	Less:
	i)		Interest		179	72	423
	ii)		Other Unallocable Expenditure		404	353	1,438
	ii)		Other Unallocable Income		31	29	182
	Total Profit  Before tax				24	90	200
	Capital Employed
	(a)		Music		9,466	7,366	8,657
	(b)		Films/TV Serials		3,604	1,850	2,989
	(c)		Unallocated		-	3,012	-
	Total				13,070	12,228	11,646
			Segment Results : Music
			PAT for Co. as a whole		11.00
			Less: Film's Profit		69.00
			PAT of Music segment		(58.00)
			Add: Tax Expenditure		13.00
			Add: Interest for Co. as a whole		179.00
			PBIT of Music		134.00
			Add: Net Unallocated expenses over income		372.00
			Add: Provision for doubtful debts (Films)
	(a)		Saregama India Limited( Music)		506.00
			PBT (SPLC.)
			Add: Interest
	(b)		SPLC. (Music)
	( c)		RPGG (Music)
	(d)		KMNL (Music)
	(e)		SROPL (Music)
			Add: Interest
			SROPL (Music)
			Adjustment:
	(f)		Of unrealised profit with segment
			Films[PAT, PBIT, PBT being same]		69.00
			Add: Unallocated Gratuity Expenses		1.00
			Less: Provision for doubtful debts (not		-
			considered above)
			Final Films		70.00
			Calculation of unallocable income
			Income from Dividend		-
			Income from Mutual fund		-
			Interest income( CESC deposits & IT Refunds)		3.00
			Misc. Income		-
			Rent Income( only SIL's Part)		29.00
			Unallocable Income		32.00
			Calculation of unallocable expenditure
			Salary, Wages and Bonus	Corporate	144.31
			Leave encashment( Managers)	Company as a whole except factory	4.99
			Contribution to PF	Corporate	4.96
			Contribution to Superannuation Fund	Corporate	1.70
			Contribution to Gratuity Fund	Totality	15.44
			Workmen & Staff welfare	Corporate	9.59
			Power & Fuel	Corporate	4.74
			Rent	Corporate less Rent Factory	19.90
			Repairs( Building - Corporate)	Corporate	0.35
			Repairs( Others)	Corporate	2.06
			Rates & Taxes	Corporate	1.57
			Insurance	Corporate	3.40
			Travel & Conveyance	Corporate	33.86
			Subscription & Donation	Corporate	5.21
			Printing & Communications	Corporate	30.00
			Directors' Fees	Corporate	0.50
			Consultancy	Corporate	27.85
			Share Issue Expenses	Corporate	2.02
			Miscellaneous Expenditures	Corporate	62.78
			Depreciation on Software		28.68
			Unallocable Expenditures		404.00
			Net Expenditures over Income		(372.00)
			Segment Assets		Music	Film	Total
			Net Block		8,400.84	3.88	8,404.72
			Less : unallocable [Software]		(116.04)	-	(116.04)
			Capital WIP		-	-	-
			Inventories		1,081.27	444.65	1,525.92
			Debtors		1,773.57	563.30	2,336.87
			Cash and Bank		311.70	317.27	628.97
			Less : unallocable [Cash & Bank-Corporate]		7,969.48
			Less : unallocable [RIT Corporate]		(7,810.00)
			Other Current Asset		226.37	1.11	227.48
			Less : unallocable [Depoits-Corporate]		(54.18)
			Loans and Advances		4,923.28	2,380.06	7,303.34
			Less: Income Tax Assets		(1,104.19)	(17.09)	(1,121.28)
			Miscellaneous Expenditure not written off(VRS)
					15,602.00	3,693.00	19,190.00
			Segment Liabilities		Music	Film	Total
			Current Liabilitites		5,082.52	88.58	5,171.10
			Less : Interest Accrued but not due		(136.38)	-	(136.38)
			Less : Unpaid Dividend		(1.38)	-	(1.38)
			Less : Unpaid Application Money		(2.80)	-	(2.80)
			Provisions		1,316.64	-	1,316.64
			Less :Provision for gratuity (entirely)		(52.43)	-	(52.43)
			Less :Provision for leave encashment (entirely)		(70.20)	-	(70.20)
					6,136.00	89.00	6,225.00
NOTES:
1.		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 in abeyance till 30th June, 2009.
2.		The Company has provided tax expenditure as per Finance Bill 2008, pending approval of Finance Bill 2009.
3.		The shareholders has approved the preferential issue of 27,27,000 equity shares of Rs.10/- each to the promoters and others.
		The said allotment is pending applicable approvals from concerned regulatory authorities.
4.		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 quarter would have been lower by Rs. 3.45 lacs and Re. 0.02 respectively.
5.		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. 32 lacs has been charged off (included under exceptional Items) during the year ended 31st March, 2008, year ended
		31st March, 2009 and quarter ended 30th June, 2009 respectively.
6.		The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th June, 2009 are as under:
		Pending at the beginning of the quarter -		0
		Received during the quarter -		1
		Disposed off during the quarter -		0
		Lying unresolved at the end of quarter -		1
7.		Previous periods figures have been regrouped/rearranged where considered necessary.
8.		The above results were reviewed by the Audit Committee and subsequently taken on record by the Committee of Directors at its
		meeting held on 31st July, 2009.
						On behalf of the Board
		Kolkata,				Apurv Nagpal
		31st July, 2009				Managing Director
		For  investor  grievances  mail  to  :  co.sec@saregama.co.in