TOTAL NET

REVENUES PROFIT
86% Movies Broadcasting Television Games Content New Media 76%

1181-82, Solitaire Corporate Park, Guru Hargovindji Marg, Chakala, Andheri (E) Mumbai - 400 093 INDIA.
Visit us at http://www.utvnet.com
(All amounts in Rupees Lakhs)
Unaudited Financial Results for the Quarter Ended December 31, 2008 Unaudited Financial Results for the Quarter Ended December 31, 2008
Segment Performance - Revenue, Results and Capital Employed
Particulars Consolidated Standalone Particulars Consolidated Standalone
Quarter ended Nine Months ended Year ended Quarter ended Nine Months ended Year ended Quarter ended Nine Months ended Year ended Quarter ended Nine Months ended Year ended

31/12/2008 31/12/2007 31/12/2008 31/12/2007 31/03/2008 31/12/2008 31/12/2007 31/12/2008 31/12/2007 31/03/2008 31/12/2008 31/12/2007 31/12/2008 31/12/2007 31/03/2008 31/12/2008 31/12/2007 31/12/2008 31/12/2007 31/03/2008
Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited
Net Income from Sales & Services 13,488.15 12,318.26 42,510.04 25,044.33 43,415.00 5,707.32 4,431.55 18,567.60 16,642.25 28,629.10 Segment Revenues
Other Operating Income 2,531.79 34.80 4,303.01 117.30 828.63 289.71 - 857.07 - -
Total Revenues 16,019.94 12,353.06 46,813.05 25,161.63 44,243.63 5,997.03 4,431.55 19,424.67 16,642.25 28,629.10 Television 3,562.96 2,592.26 10,124.99 7,239.04 10,064.20 3,398.86 2,592.26 9,802.05 7,267.04 10,092.20
Direct Cost 11,292.37 8,647.24 35,259.31 16,198.10 30,471.60 5,712.50 3,403.44 18,229.10 13,691.63 23,353.30 Movies 3,214.55 8,900.93 18,869.78 14,927.29 26,371.24 2,308.46 1,740.74 8,765.55 8,946.79 18,108.44
Personnel Costs 1,625.31 574.93 4,349.16 1,626.41 2,583.60 586.86 423.40 1,819.00 956.04 1,574.60 Games Content 3,460.19 825.07 7,071.24 2,962.54 7,421.76 - 98.55 - 512.96 512.96
Depreciation 186.96 77.59 457.31 278.24 389.10 83.42 71.72 241.30 263.13 335.40 New Media 546.05 - 1,433.80 - - - - - - -
Other Expenses 2,052.39 720.86 5,157.50 1,903.91 3,887.90 411.99 391.98 1,164.10 1,140.28 1,720.00 Broadcasting 2,998.60 - 5,475.73 - - - - - - -
Total Expenditure 15,157.03 10,020.62 45,223.28 20,006.66 37,332.20 6,794.77 4,290.54 21,453.50 16,051.08 26,983.30 Less: Inter-segment revenues 294.20 - 465.50 84.54 442.20 - - - 84.54 84.50
Profit/(Loss) from Operations before
Other Income, Interest & Exceptional Items 862.91 2,332.44 1,589.77 5,154.97 6,911.43 (797.74) 141.01 (2,028.83) 591.17 1,645.80 Total revenues 13,488.15 12,318.26 42,510.04 25,044.33 43,415.00 5,707.32 4,431.55 18,567.60 16,642.25 28,629.10
Other Income 204.86 84.73 1,448.16 339.47 330.87 353.07 94.41 1,804.33 286.56 296.80
Profit/(Loss) before Interest & Exceptional Items 1,067.77 2,417.17 3,037.93 5,494.44 7,242.30 (444.67) 235.42 (224.50) 877.73 1,942.60 Segment Results
Interest Expense / (Income)(Net) (1,958.82) (0.77) (2,429.22) 310.48 598.60 (1,723.12) 111.74 (2,211.70) 804.81 1,155.40 Television 194.89 531.00 445.62 1,295.75 1,801.28 195.95 531.58 471.46 1,354.89 1,886.65
Profit/(Loss) after Interest but before Exceptional Items 3,026.59 2,417.94 5,467.15 5,183.96 6,643.70 1,278.45 123.68 1,987.20 72.92 787.20 Movies 2,150.64 2,321.85 5,425.67 4,382.15 5,556.95 (506.38) 54.95 (969.18) 95.17 1,336.17
Exceptional Items - - - - - - - - - - Games Content 122.36 (148.89) (480.56) 223.33 928.46 - (77.14) - (118.30) (124.83)
Profit/(Loss) from Ordinary Activities before tax 3,026.59 2,417.94 5,467.15 5,183.96 6,643.70 1,278.45 123.68 1,987.20 72.92 787.20 New Media 14.05 - (267.63) - - - - - - -
Tax Expense Broadcasting (1,131.48) - (2,002.26) - - - - - - -
- Current 251.62 80.58 447.91 145.46 208.60 142.68 5.38 220.60 (1.27) 89.90
- Mat Credit Entitlements 10.12 (5.38) (67.80) (5.38) (84.70) 10.12 (5.38) (67.80) (5.38) (84.70) Total segment results before Interest and Tax 1,350.46 2,703.96 3,120.84 5,901.23 8,286.69 (310.43) 509.39 (497.72) 1,331.77 3,097.99
- Deferred (250.14) 21.73 (3,755.32) 43.90 (1,291.00) 342.94 21.73 375.60 43.90 295.00
- Fringe Benefit tax 24.55 12.50 64.57 26.32 41.80 16.00 12.10 40.00 25.71 39.40 Less:
- Interest Expense / (Income)(Net) (1,958.82) (0.77) (2,429.22) 310.48 598.60 (1,723.12) 111.74 (2,211.70) 804.81 1,155.40
Total Tax Expense 36.15 109.43 (3,310.64) 210.30 (1,125.30) 511.74 33.83 568.40 62.96 339.60 - Other unallocable expenditure
Net Profit/(Loss) from Ordinary Activities after tax 2,990.44 2,308.51 8,777.79 4,973.66 7,769.00 766.71 89.85 1,418.80 9.96 447.60 (net of Other Income) 282.69 286.79 82.91 406.79 1,044.39 134.24 273.97 (273.22) 454.03 1,155.39
Extraordinary Item (net of tax expense) - - - - - - - - - -
Net Profit/(Loss) for the period 2,990.44 2,308.51 8,777.79 4,973.66 7,769.00 766.71 89.85 1,418.80 9.96 447.60 Total Profit/(Loss) before tax 3,026.59 2,417.94 5,467.15 5,183.96 6,643.70 1,278.45 123.68 1,987.20 72.92 787.20
Minority interest 52.00 538.52 1,336.73 1,157.95 2,003.20
Net Profit After Minority Interest 2,938.44 1,769.99 7,441.06 3,815.71 5,765.80 Capital Employed
Paidup equity share capital (Face value Rs 10 each) 3,419.50 2,289.36 3,419.50 2,289.36 2,484.30 3,419.50 2,289.36 3,419.50 2,289.36 2,484.30 Television 4,007.25 3,219.33 4,007.25 3,219.33 3,421.71 5,152.26 3,177.70 5,152.26 3,177.70 3,368.54
Reserves (excluding revaluation reserves) as per Balance Movies 82,481.99 39,923.39 82,481.99 39,923.39 44,649.74 8,855.93 5,655.96 8,855.93 5,655.96 11,057.24
Sheet of Previous Accounting Year 43,237.70 17,777.80 Games Content 27,123.17 7,109.61 27,123.17 7,109.61 10,933.46 - 1,223.66 - 1,223.66 1,018.36
Earnings per share (Rupees) - Basic 8.59 7.73 22.64 16.67 25.01 2.24 0.39 4.32 0.04 1.94 New Media 3,492.40 - 3,492.40 - - - - - - -
- Diluted 8.59 7.73 22.64 16.67 25.01 2.24 0.39 4.32 0.04 1.94 Broadcasting 31,349.34 - 31,349.34 - - - - - - -
Public shareholding Unallocable 16,689.37 11,881.27 16,689.37 11,881.27 13,691.57 104,320.85 26,679.76 104,320.85 26,679.76 29,297.19
- Number of shares 5,726,974 15,872,468 5,726,974 15,872,468 16,758,468
- Percentage of shareholding 16.75% 69.33% 16.75% 69.33% 67.46% Total Assets - Liabilities 165,143.52 62,133.60 165,143.52 62,133.60 72,696.48 118,329.04 36,737.08 118,329.04 36,737.08 44,741.33

Notes:
5. On August 8, 2008, the Company had acquired 75% equity stake in UTV Global Broadcasting Limited. Accordingly, the above consolidated
1. The Statutory Auditors have carried out a limited review of the standalone results of the Company. nine month numbers include the results of the broadcasting segment for the period August 9, 2008 to December 31, 2008.
2. The above results, including consolidated, are reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 6. As at December 31, 2008, 490,000 options were outstanding. Upon exercise of the options, these would be converted into equivalent number
January 27, 2009. of equity shares.
3. The consolidated results include the subsidiaries: UTV Communications (USA) LLC, IG Interactive Entertainment Ltd., UMP Plc, UTV Global 7. Previous period figures have been rearranged / regrouped, wherever necessary.
Broadcasting Ltd., UTV TV Content Ltd., UTV Games Ltd, First Future Agri & Developers Private Ltd., UTV New Media Ltd and the group's stepdown 8. ‘Interactive’ segment has now been renamed as ‘Games Content’. Previous year / Quarter figures of Animation Division (earlier included in
subsidiaries -UTV Motion Pictures (Mauritius) Ltd., Ignition Entertainment Ltd., Indiagames Ltd., True Games Interactive, Inc., Genx Entertainment Ltd., Interactive segment) have now been reclassified under Movies segment in the above results.
UTV Entertainment Television Ltd., RB Entertainment Ltd. & ITNation Media Private Ltd. and the Joint Ventures - Windmill Entertainment Ltd. and For and on behalf of the Board
Smriti Irani Television Ltd.
4. Number of investor complaints for the quarter ended December 31, 2008: Beginning -Nil, Received - 8, Disposed off - 8, Pending - Nil.
Place : Mumbai Ronnie Screwvala
Date : January 27, 2009 Managing Director

MOTION PICTURES
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