Saregama India Limited
Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028
Unaudited Financial Results for the quarter and half year ended 30th September, 2009
									(Rs. in Lakhs)
					Quarter	Quarter	Six Months	Six Months	Year		Printed for Both Period
					Ended	Ended	Ended	Ended	Ended		Q1 09-10	Q1 08-09
Sl.			Particulars		30th September	30th September	30th September	30th September	31st March,
No.					2009	2008	2009	2008	2009
					(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.	(a)	(i)	Net Sales		1,244	1,626	2,215	3,395	6,331		971	1769
		(ii)	Licence Fees		1,186	1,414	2,303	2,475	4,086		1117	1061
	(b)	Other Operating Income			40	8	79	32	1,901		39	24
2	Expenditure :
	(a)		(Increase)/Decrease in stock in trade and Work in Progress		(157)	53	(70)	95	503		87	42
	(b)		Consumption of raw materials		366	481	544	997	1,961		178	527
	(c)		Cost of production of films/television serials		290	253	479	529	953		189	276
	(d)		Employees Cost		501	538	1,038	1,020	2,199		537	482
	(e)		Depreciation ( net of transfer from Revaluation Reserve)		81	99	161	195	331		80	96
	(f)		Advertisement and Sales promotion		151	247	185	334	696		34	87
	(g)		Royalty		169	399	372	912	1,454		203	513
	(h)		Other Expenditure		878	880	1,494	1,552	3,628		616	661
	(i)		Total		2,279	2,950	4,203	5,634	11,725		1924	2684
3.	Profit from Operations before Other Income, Interest and				191	98	394	268	593		203	170
	Exceptional Items (1-2)
4.	Other Income				90	88	122	117	183		32	29
5.	Profit before Interest and Exceptional Items (3+4)				281	186	516	385	776		235	199
6.	Interest				201	88	380	159	423		179	71
7.	Profit after Interest but before Exceptional Items (5-6)				80	98	136	226	353		56	128
8.	Exceptional Items				(31)	(38)	(63)	(76)	(153)		-32	-38
9.	Profit (+)/ Loss (-) from Ordinary Activites before tax (7+8)				49	60	73	150	200		24	90
10.	Tax Expense
	(a)		Current Tax		26	6	29	16	13		3	10
	(b)		Fringe Benefit Tax		(10)	8	-	20	50		10	12
11.	Net Profit (+)/ Loss(-) from Ordinary Activities after tax (9-10)				33	46	44	114	137		11	68
12.	Extraordinary Items (net of tax expense)				-	-	-	-	-		-	-
13.	Net Profit (+)/ Loss(-) for the period (11-12)				33	46	44	114	137		11	68
14.	Paid-up Equity Share Capital				1,740	1,468	1,740	1,468	1,468		1468	1468
	(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.)		0.22	0.31	0.29	0.78	0.94		0.07	0.46
			before Extraordinary items for the period
	(b)		Basic and Diluted EPS (Rs.)		0.22	0.31	0.29	0.78	0.94		0.07	0.46
			after Extraordinary items for the period
17.	Public shareholding
			-  Number of shares		7,877,729	6,879,941	7,877,729	6,879,941	6,721,916		7E+06	7E+06
			- Percentage of Shareholding		45.27	46.88	45.27	46.88	45.80		45.8	46.88
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		9,525,209	-	9,525,209	-	7,953,822
			- Percentage of shares (as a % of the total shareholding of		100.00	-	100.00	-	100.00
			promoter and promoter group)
			- Percentage of shares (as a% of the total share capital of		54.73	-	54.73	-	54.20
			the company)
Segment wise Revenue, Results and Capital Employed
					Quarter	Quarter	Six Months	Six Months	Year
					Ended	Ended	Ended	Ended	Ended
					30th September	30th September	30th September	30th September	31st March,
					2009	2008	2009	2008	2009
					(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Segment Revenue
	(a)		Music		2,145	2,753	3,931	5,284	9,057		1786	2530
	(b)		Films/TV Serials		285	287	587	586	1,360		302	300
	(c)		Unallocated		-	-	-	-	-
	Total				2,430	3,040	4,518	5,870	10,417		2088	2830
	Less: Inter Segment Revenue				-	-	-	-	-
	Net Sales /Income From Operations				2,430	3,040	4,518	5,870	10,417
	Segment Results
	Profit (+) / Loss(-)before tax and Interest for each Segment
	(a)		Music		576	516	1,082	1,018	2,489		506	502
	(b)		Films/TV Serials		48	(74)	118	(129)	(610)		70	(55)
	(c)		Unallocated		-	-	-	-	-
	Total				624	442	1,200	889	1,879		576	447
	Less:
	i)		Interest		201	88	380	159	423		179	71
	ii)		Other Unallocable Expenditure		465	382	869	697	1,438		404	315
	iii)		Other Unallocable Income		91	88	122	117	182		31	29
	Total Profit  Before tax				49	60	73	150	200		24	90
	Capital Employed
	(a)		Music		9,770	7,806	9,770	7,806	8,657		9466	7,366
	(b)		Films/TV Serials		4,629	2,427	4,629	2,427	2,989		3604	1,850
	(c)		Unallocated		-	-	-	-	-			3012
	Total				14,399	10,233	14,399	10,233	11,646		13070	12228
			Segment Results : Music
			PAT for Co. as a whole				44.00
			Less: Film's Profit				117.00
			PAT of Music segment				(73.00)
			Add: Tax Expenditure				29.00
			Add: Interest for Co. as a whole				380.00
			PBIT of Music				336.00
			Add: Net Unallocated expenses over income				746.00
			Add: Provision for doubtful debts (Films)
	(a)		Saregama India Limited( Music)				1,082.00
			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]				117.00
			Add: Unallocated Gratuity Expenses				1.00
			Less: Provision for doubtful debts (not				-
			considered above)
			Final Films				118.00
			Calculation of unallocable income
			Income from Dividend				62.00
			Income from Mutual fund				-
			Interest income( CESC deposits & IT Refunds)				3.00
			Misc. Income				-
			Rent Income( only SIL's Part)				58.00
			Unallocable Income				123.00
			Calculation of unallocable expenditure
			Salary, Wages and Bonus	Corporate			278.26
			Leave encashment( Managers)	Company as a whole except factory			10.02
			Contribution to PF	Corporate			9.31
			Contribution to Superannuation Fund	Corporate			3.40
			Contribution to Gratuity Fund	Totality			30.89
			Workmen & Staff welfare	Corporate			17.77
			Power & Fuel	Corporate			9.31
			Rent	Corporate less Rent Factory			41.82
			Repairs( Building - Corporate)	Corporate			5.94
			Repairs( Others)	Corporate			3.05
			Rates & Taxes	Corporate			11.30
			Insurance	Corporate			3.89
			Travel & Conveyance	Corporate			45.86
			Subscription & Donation	Corporate			6.25
			Printing & Communications	Corporate			47.25
			Directors' Fees	Corporate			2.40
			Consultancy	Corporate			86.86
			Share Issue Expenses	Corporate			3.87
			Miscellaneous Expenditures	Corporate			110.04
			Provision for dimunition in Investment	Corporate			84.00
			Depreciation on Software				57.36
			Unallocable Expenditures				869.00
			Net Expenditures over Income				(746.00)
			Segment Assets				Music	Film	Total
			Net Block				8,321.01	3.69	8,324.70
			Less : unallocable [Software]				(87.36)	-	(87.36)
			Capital WIP				-	-	-
			Inventories				1,126.21	563.76	1,689.97
			Debtors (Net)				1,697.88	518.15	2,216.03
			Cash and Bank				446.73	73.65	520.38
			Less : unallocable [Cash & Bank-Corporate]				8,482.83
			Less : unallocable [RIT Corporate]				(8,356.08)
			Other Current Asset				218.78	0.11	218.89
			Less : unallocable [Deposits-Corporate]				(54.18)
			Loans and Advances				5,466.99	3,585.84	9,052.83
			Less: Income Tax Assets				(1,524.55)	(17.05)	(1,541.60)
			Miscellaneous Expenditure not written off(VRS)
							15,738.00	4,728.00	20,394.00
			Segment Liabilities				Music	Film	Total
			Current Liabilitites				5,302.63	99.30	5,401.93
			Less : Interest Accrued but not due				(199.08)	-	(199.08)
			Less : Unpaid Dividend				(1.38)	-	(1.38)
			Less : Unpaid Application Money				(2.80)	-	(2.80)
			Provisions				999.59	-	999.59
			Less :Provision for gratuity (entirely)				(67.93)	-	(67.93)
			Less :Provision for leave encashment (entirely)				(62.76)	-	(62.76)
							5,968.00	99.00	6,068.00
							9,770.00	4,629.00	14,326.00
									14,399.00
									(73.00)
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 5,490 equity
		shares (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 30th June, 2009. Of the above shares kept in abeyance, 200
		equity shares were allotted on11th September, 2009 on receipt of applicable approvals from concerned authorities.
2.		The shareholders has approved the preferential issue of 27,27,000 equity shares of Rs.10/- each to the promoters and others.The said 27,27,000 equity shares has been
		allotted on 11th September, 2009 at a price of Rs. 102.47 per share including premium of Rs. 92.47 per share to Promoter Group Companies viz. 13,50,000 equity shares
		to Adorn Investments Limited, 2,00,000 equity shares to Hilltop Holdings India Limited and 11,77,000 equity shares to Non-Promoters (Select Group) viz. 4,50,000 equity
		shares to Gyan Traders Limited and 7,27,000 equity shares to Progressive Star Holdings & Consultants Private Limited on receipt of applicable approvals from
		concerned regulatory authorities.
3.		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 six months would have been lower by Rs.2.17 lacs and Re.0.01 and for the quarter
		would have been higher by Rs. 0.08 lacs and Re.0.00  respectively.
4.		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, Rs. 63 lacs and Rs. 31 lacs has been charged off (included under exceptional Items) during the year ended 31st
		March, 2008, year ended 31st March, 2009, half year ended 30th September, 2009 and quarter ended 30th September, 2009 respectively.
5.		The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th September, 2009 are as under:
		Pending at the beginning of the quarter -		1
		Received during the quarter -		1
		Disposed off during the quarter -		2
		Lying unresolved at the end of quarter -		0
6.		Previous periods figures have been regrouped/rearranged where considered necessary.
7.		The above results were reviewed by the Audit Committee and subsequently taken on record by the Committee of Directors at its meeting held on 30th October, 2009.
							On behalf of the Board
		Kolkata,					Apurv Nagpal
		30th October, 2009					Managing Director
		For  investor  grievances  mail  to  :  co.sec@saregama.com