Saregama India Limited
Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028
Unaudited Financial Results for the quarter and nine months ended 31st December, 2009
									(Rs. in Lakhs)
					Quarter	Quarter	Nine Months	Nine Months	Year
					Ended	Ended	Ended	Ended	Ended
Sl.			Particulars		31st December	31st December	31st December	31st December	31st March,
No.					2009	2008	2009	2008	2009
					(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.	(a)	(i)	Net Sales		1,251	1,527	3,466	4,922	6,331
		(ii)	Licence Fees		1,416	547	3,719	3,022	4,086
	(b)	Other Operating Income			14	783	93	815	1,901
2	Expenditure :
	(a)		(Increase)/Decrease in stock in trade		(67)	(1)	(137)	94	503
			and Work in Progress
	(b)		Consumption of raw materials		643	512	1,187	1,509	1,961
	(c)		Cost of production of films/television serials		95	236	574	765	953
	(d)		Employees Cost		526	509	1,564	1,529	2,199
	(e)		Depreciation ( net of transfer from		80	95	241	289	331
			Revaluation Reserve)
	(f)		Advertisement and Sales promotion		92	127	277	461	696
	(g)		Royalty		295	287	667	1,199	1,454
	(h)		Other Expenditure		732	934	2,226	2,486	3,628
	(i)		Total		2,396	2,699	6,599	8,332	11,725
3.	Profit from Operations before Other Income, Interest and				285	158	679	427	593
	Exceptional Items (1-2)
4.	Other Income				29	30	151	147	183
5.	Profit before Interest and Exceptional Items (3+4)				314	188	830	574	776
6.	Interest				147	117	527	276	423
7.	Profit after Interest but before Exceptional Items (5-6)				167	71	303	298	353
8.	Exceptional Items				(32)	(38)	(95)	(115)	(153)
9.	Profit (+)/ Loss (-) from Ordinary				135	33	208	183	200
	Activites before tax (7+8)
10.	Tax Expense
	(a)		Current Tax		88	-	117	16	13
	(b)		Fringe Benefit Tax		-	15	-	35	50
11.	Net Profit (+)/ Loss(-) from
	Ordinary Activities after tax (9-10)				47	18	91	132	137
12.	Extraordinary Items (net of tax expense)				-	-	-	-	-
13.	Net Profit (+)/ Loss(-) for the period (11-12)				47	18	91	132	137
14.	Paid-up Equity Share Capital				1,740	1,468	1,740	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.)		0.27	0.12	0.58	0.90	0.94
			before Extraordinary items for the period
	(b)		Basic and Diluted EPS (Rs.)		0.27	0.12	0.58	0.90	0.94
			after Extraordinary items for the period
17.	Public shareholding
			-  Number of shares		7,879,489	6,879,941	7,879,489	6,879,941	6,721,916
			- Percentage of Shareholding		45.28	46.88	45.28	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		9,523,449	-	9,523,449	-	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		54.72	-	54.72	-	54.20
			the company)
Segment wise Revenue, Results and Capital Employed
					Quarter	Quarter	Nine Months	Nine Months	Year
					Ended	Ended	Ended	Ended	Ended
					31st December	31st December	31st December	31st December	31st March,
					2009	2008	2009	2008	2009
					(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Segment Revenue
	(a)		Music		2,372	1,733	6,303	7,017	9,057
	(b)		Films/TV Serials		295	341	882	927	1,360
	(c)		Unallocated		-	-	-	-	-
	Total				2,667	2,074	7,185	7,944	10,417
	Less: Inter Segment Revenue				-	-	-	-	-
	Net Sales /Income From Operations				2,667	2,074	7,185	7,944	10,417
	Segment Results
	Profit (+) / Loss(-)before tax and Interest for each Segment
	(a)		Music		695	563	1,777	1,581	2,489
	(b)		Films/TV Serials		(16)	(103)	102	(232)	(610)
	(c)		Unallocated			-	-	-	-
	Total				679	460	1,879	1,349	1,879
	Less:
	i)		Interest		147	117	527	276	423
	ii)		Other Unallocable Expenditure		427	338	1,296	1,035	1,438
	ii)		Other Unallocable Income		30	28	152	145	182
	Total Profit  Before tax				135	33	208	183	200
	Capital Employed
	(a)		Music		6,669	7,866	6,669	7,866	8,657
	(b)		Films/TV Serials		4,820	2,677	4,820	2,677	2,989
	(c)		Unallocated		-	-	-	-	-
	Total				11,489	10,543	11,489	10,543	11,646
					-	-	-	-	-
			Segment Results : Music
			PAT for Co. as a whole				91.00
			Less: Film's Profit				102.00
			PAT of Music segment				(11.00)
			Add: Tax Expenditure				117.00
			Add: Interest for Co. as a whole				527.00
			PBIT of Music				633.00
			Add: Net Unallocated expenses over income				1,144.00
			Add: Provision for doubtful debts (Films)
	(a)		Saregama India Limited( Music)				1,777.00
			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]				100.00
			Add: Unallocated Gratuity Expenses				2.00
			Less: Provision for doubtful debts (not				-
			considered above)
			Final Films				102.00
			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)				87.00
			Unallocable Income				152.00
			Calculation of unallocable expenditure
			Salary, Wages and Bonus other than leave encashment	Corporate			427.02
			Leave encashment( Managers)	Company as a whole except factory			14.52
			Contribution to PF	Corporate			13.43
			Contribution to Superannuation Fund	Corporate			5.10
			Contribution to Gratuity Fund	Totality			46.75
			Workmen & Staff welfare	Corporate			25.72
			Power & Fuel	Corporate			14.00
			Rent	Corporate less Rent Factory			60.77
			Repairs( Building - Corporate)	Corporate			6.52
			Repairs( Others)	Corporate			4.21
			Rates & Taxes	Corporate			12.73
			Insurance	Corporate			7.22
			Travel & Conveyance	Corporate			65.01
			Subscription & Donation	Corporate			8.18
			Printing & Communications	Corporate			61.10
			Directors' Fees	Corporate			2.60
			Consultancy	Corporate			113.31
			Share Issue Expenses	Corporate			3.87
			Miscellaneous Expenditures	Corporate			150.41
			Provision for dimunition in Investment	Corporate			168.00
			Depreciation on Software				85.88
			Unallocable Expenditures				1,296.00
			Net Expenditures over Income				(1,144.00)
			Segment Assets				Music	Film	Total
			Net Block				8,274.31	3.87	8,278.18
			Less : unallocable [Software]				(59.04)	-	(59.04)
			Capital WIP				-	-	-
			Inventories				1,309.01	467.53	1,776.54
			Debtors (Net)				1,458.77	498.12	1,956.89
			Cash and Bank				440.75	87.29	528.04
			Less : unallocable [Cash & Bank-Corporate]				8,980.25
			Less : unallocable [RIT Corporate]				(9,034.80)
			Other Current Asset				221.68	1.11	222.79
			Less : unallocable [Deposits-Corporate]				(57.20)
			Loans and Advances				5,802.90	3,903.46	9,706.36
			Less: Income Tax Assets				(1,452.96)	(17.05)	(1,470.01)
			Less: Loans & Advances - Subsidiaries				(3,128.42)	-	(3,128.42)
			Miscellaneous Expenditure not written off(VRS)
							12,755.00	4,944.00	17,811.00
			Segment Liabilities				Music	Film	Total
			Current Liabilitites				5,314.65	124.48	5,439.13
			Less : Interest Accrued but not due				(212.24)	-	(212.24)
			Less : Unpaid Dividend				(1.38)	-	(1.38)
			Less : Unpaid Application Money				(2.80)	-	(2.80)
			Provisions				1,087.25	-	1,087.25
			Less :Provision for gratuity (entirely)				(33.12)	-	(33.12)
			Less :Provision for leave encashment (entirely)				(66.15)	-	(66.15)
							6,086.00	124.00	6,211.00
							6,669.00	4,820.00	11,600.00
									11,489.00
									111.00
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 5,290
		equity shares (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 31st December, 2009. However, 200 equity
		shares allotted on 11th September, 2009 are pending for listing approval.
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. The same is pending
		for necessary 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 nine months would have been higher by Rs.0.01 lacs and Re.0.00 and for the
		quarter would have been higher by Rs. 2.18 lacs and Re.0.01  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. 95 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, nine months ended 31st December, 2009 and quarter ended 31st December, 2009 respectively.
5.		The number of investor complaints received, disposed off and lying unresolved at the quarter ended 31st December, 2009 are as under:
		Pending at the beginning of the quarter -		0
		Received during the quarter -		7
		Disposed off during the quarter -		7
		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 19th January, 2010.
							On behalf of the Board
		Kolkata,					Apurv Nagpal
		19th January, 2010					Managing Director
For  investor  grievances  mail  to  :  co.sec@saregama.com