QUARTERLY -STANDALONE RESULTS- JAIN STUDIO Ltd (Curr: Rs in Cr.

(Amount in Rs Crs) 200612 200703 200706 200709 200712 200803 200806 200809 200803
3 3 3 3 3 3 3 3 12M
Net Sales 6.61 5.18 5.01 4.79 7.08 6.45 5.33 1.68 23.32
% change QoQ -21.63 -3.28 -4.39 47.81 -8.90 -17.36 -68.48
% Change YoY 7.11 24.52 6.39 -64.93
Total Expenditure 5.63 4.85 4.41 4.19 7.30 13.12 4.63 4.34 29.01
Operating Profits 0.98 0.33 0.60 0.60 -0.22 -6.67 0.70 -2.66 -5.69
% change QoQ -66.33 81.82 0.00 -136.67 2931.82 -110.49 -480.00
Operating Profit Margin (%) 14.83 6.37 11.98 12.53 -3.11 -103.41 13.13 -158.33 -24.38
Other Income 0.07 3.97 0.18 0.12 0.80 3.72 0.09 0.06 4.82
PBIDTA 1.05 4.30 0.78 0.72 0.58 -2.95 0.79 -2.60 -0.87
% change QoQ 309.52 -81.86 -7.69 -19.44 -608.62 -126.78 -429.62
Interest 0.72 -1.93 0.06 0.06 0.06 0.50 0.62 0.64 0.68
PBDT 0.33 6.23 0.72 0.66 0.52 -3.45 0.17 -3.24 -1.55
Depreciation 0.27 0.23 0.27 0.25 0.28 0.26 0.27 0.26 1.06
PBT 0.06 6.00 0.45 0.41 0.24 -3.71 -0.10 -3.50 -2.61
% change QoQ 9900.00 -92.50 -8.73 -41.56 -1645.83 -97.30 3404.00
Forex Gain/ (Loss)
PBT before exceptional items but after Forex
Gain/ (Loss) 0.06 6.00 0.45 0.41 0.24 -3.71 -0.10 -3.50 -2.61
Exceptional Items Gain/ (Loss)
PBT after exceptional items 0.06 6.00 0.45 0.41 0.24 -3.71 -0.10 -3.50 -2.61
Tax 0.01 0.03 0.02 0.01 0.01 0.02 0.01 0.01 0.06
PAT before Def Tax 0.05 5.97 0.43 0.40 0.23 -3.73 -0.11 -3.51 -2.67
Minority Interest in Profit/ (Loss)
Add: Share in Profit/ (Loss) of Associates
Net Profit after Minority Interest 0.05 5.97 0.43 0.40 0.23 -3.73 -0.11 -3.51 -2.67
% change QoQ 11840.00 -92.80 -6.81 -42.60 -1721.74 -97.05 3094.55
Deferred Tax 0.00 2.13 0.00 0.00 0.00 1.46 0.00 0.00 1.45
PAT after Minority and Def Tax 0.05 3.84 0.43 0.40 0.23 -5.19 -0.11 -3.51 -4.12
% change QoQ 7580.00 -88.80 -6.81 -42.60 -2356.52 -97.88 3094.55
Extra-ordinary Items (net of tax) 0.00 2.28 0.00 0.00 0.00 0.00 0.00 0.00
Adjusted Profit After Extra-ordinary item 0.05 1.56 0.43 0.40 0.23 -5.19 -0.11 -3.51 -4.12
Cash Profit 0.32 6.20 0.70 0.65 0.51 -3.47 0.16 -3.25 -1.61
Equity 14.39 14.39 14.39 14.39 14.39 14.39 14.39 14.39 14.39
Face Value 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

EPS/ CEPS
EPS (Rs) (Ann) 0.14 16.59 1.20 1.11 0.64 -10.37 -0.31 -9.77 -1.85
Cash EPS (Rs) (Ann) 0.89 17.23 1.95 1.81 1.42 -9.65 0.44 -9.05 -1.12

EPS/ CEPS (without exceptional items)

EPS (Rs) (Ann) 0.14 10.26 1.20 1.11 0.64 -10.37 -0.31 -9.77 -1.85
Cash EPS (Rs) (Ann) 0.89 10.90 1.95 1.81 1.42 -9.65 0.44 -9.05 -1.12
SEGMENTAL QUARTERLY -STANDALONE RESULTS - JAIN STUDIO LTD (Curr: Rs in Cr.)

(Amount in Rs Crs.) 200612 200703 200706 200709 200712 200803 200806 200809 200803
3 3 3 3 3 3 3 3 12
REVENUES
Revenue from Operations 0.00 0.00 5.01 4.79 0.00 0.00 5.33 1.68 23.32
Television 4.41 4.22 4.94 1.29 20.92
Teleport 0.60 0.57 0.39 0.39 2.40
Other 0.00 0.00 0.00 0.00 0.00
Less : Inter Segment Revenues 0.00 0.00 0.00 0.00 0.00
Total Segment Revenue 0.00 0.00 5.01 4.79 0.00 0.00 5.33 1.68 23.32
PROFIT
Profit/Loss Before Interest and Tax 0.00 0.00 0.60 1.06 0.00 0.00 0.87 -2.20 -3.77
Television 0.11 0.58 0.59 -2.48 -3.45
Teleport 0.49 0.48 0.28 0.39 -0.33
Other 0.00 0.00 0.00 -0.11 0.00
Less : Interest 0.06 0.06 0.62 0.63 0.68
Less : Unallocable exp net of
unallocable income -0.50 0.59 0.35 0.67 -1.74
Net Profit/Loss Before Tax 0.00 0.00 1.04 0.41 0.00 0.00 -0.10 -3.50 -2.71
CAPITAL EMPLOYED
Capital Employed in Segment 0.00 0.00 0.00 37.27 0.00 32.26 0.00 28.64 32.26
Television 14.02 14.57 11.46 14.57
Teleport 23.63 22.30 22.39 22.30
Other 0.17 0.19 0.27 0.19
Unallocable -0.55 -4.80 -5.48 -4.80
Revenue Mix: 31.03.08 %

PARTICULARS 3/31/2008
Rs.(In crores)
Equity
Reserves (exclusing Revaluation Reserve)
Shareholders Funds 0.00
Book Value #DIV/0!
Loans
Market Cap #DIV/0!
EV #DIV/0!
EBITDA 0.00
EV/ EBITDA #DIV/0!

Running Year 3/31/2008

12 Months
Consolidated
Net Sales
Other Income
EBITDA
PAT - Excl Extra Ord. Exp/Inc.
EPS - (Annualised) #DIV/0!
PE #DIV/0!
Extra Ord. Items excluded from above
Forex Gain/ (Loss)
*PAT is excluding Deferred Tax

Remarks - Conservative Valuation

Reports recommended - (Last 6 months coverage)
Report by Date

Recommendation

(SAJAN DIDWANIA)
Nifty: 2885.6 Date: 31/10/2008

Price:
High/ Low

(In crores)
FV No. of Shares
#DIV/0!

6/30/2008 9/30/2008 12/31/2008 3/31/2009

Q1 Q2 Q3E Q4E
Consolidated Consolidated Consolidated

#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Rs.Crs
Buy/ Recom. TARGET
Sell Price Price Period