1st Quarter Results

31 Jul 2007 15:54

REI Agro Limited31 July 2007 REI AGRO LIMITED REGD. OFFICE 46C, CHOWRINGHEE ROAD, "EVEREST HOUSE", KOLKATA-71. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2007 (RS. IN LACS) SL.NO. PARTICULARS QTR QTR YEAR ENDED ENDED ENDED 30.06.2007 30.06.2006 31.03.2007 (UNAUDITED) (UNAUDITED) (AUDITED) 1 INCOME NET SALES/INCOME FROM OPERATION 30,916.97 23,542.75 108,514.89 OTHER INCOME 7.95 0.25 18.73 30,924.92 23,542.99 108,533.62 2 EXPENDITURE A) (INCREASE)/DECREASE IN STOCK (4,964.36) 2,157.26 8,629.40 B) CONSUMPTION OF RAW MATERIALS 26,935.81 14,980.21 73,116.16 C) PERSONNEL COST 238.94 184.82 918.97 D) ADMINISTRATIVE AND SELLING 1,272.17 1,646.57 5,984.78 COST INTEREST/FINANCE COST 3,029.95 1,312.03 7,724.34 DEPRECIATION 434.78 341.88 1,555.70 26,947.29 20,622.76 97,929.35 3 PROFIT BEFORE TAX 3,977.63 2,920.23 10,604.27 4 PROVISION FOR TAXATION 866.71 327.65 1,542.94 5 PROVISION FOR FRINGE BENEFIT TAX 3.00 2.58 10.68 PRIOR PERIOD TAX EXPENSES (57.33) 6 PROFIT AFTER TAX 3,107.92 2,590.00 9,107.98 7 DEFERRED TAX - 655.30 - 8 PROFIT AFTER DEFERRED TAX 3,107.92 1,934.70 9,107.98 9 PAID UP EQUITY SHARE CAPITAL 4,754.16 3,883.12 4,491.66 (FACE VALUE RS. 10 PER SHARE) 10 4% NON-CONVERTIBLE PREFERENCE 4,000.00 4,000.00 4,000.00 SHARE ( FACE VALUE RS. 100/- PER SHARE) 11 RESERVE EXCLUDING REVALUATION - - 37,722.85 RESERVE 12 EARNING PER SHARE(EPS) - BASIC 6.68 4.86 22.30 DILUTED 6.62 20.62 13 AGGREGATE OF NON PROMOTER SHARE HOLDING NO OF SHARES 30,818,373 22,127,974 28,193,370 PERCENTAGE OF SHAREHOLDING 64.82 56.99 62.77 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT SL.NO. PARTICULARS QTR QTR YEAR ENDED ENDED ENDED 30.06.2007 30.06.2006 31.03.2006 (UNAUDITED) (UNAUDITED) (AUDITED) 1 Segment Revenue (net sale/ incomefrom each segment should be disclosed under this head) a) Segment Rice 29,836.29 22,948.49 105,148.67 b) Segment Wind Farm & Others 1,080.68 594.25 3,366.22 Net Sales/Income from operations 30,916.97 23,542.75 108,514.89 2 Segment Results (Profit) (+)/ Loss (-) before Tax and Interest from each Segment a) Segment Rice 6,634.41 3,853.07 16,990.15 b) Segment Wind Farm & Others 365.23 378.94 1,319.73 Results 6,999.64 4,232.01 18,309.88 Less: i) Interest 3,029.95 1,312.03 7,724.34 ii) Other unallocable (7.95) (0.25) (18.73) expenditure net off unallocable income Total Profit before Tax 3,977.63 2,920.23 10,604.27 3 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 53,942.83 34,840.61 45,577.37 b) Segment Wind Farm 6,186.39 5,367.78 7,687.63 C) Unallocable (8,070.04) (5,680.86) (5025.56) Total 52,059.18 34,527.53 48,239.44 Notes 1 THE ABOVE FINANCIAL RESULTS HAVE BEEN REVEIWED BY THE AUDIT COMMITTEE AND TAKEN ON RECORD BY THE BOARD OF DIRECTORS AT THEIR MEETING HELD ON 31ST JULY, 2007 2 THE ABOVE RESULTS ARE SUBJECT TO LIMITED REVIEW BY STATUTORY AUDITORS. 3 DURING THE QUARTER 26,25,003 EQUITY SHARES OF RS. 10 EACH WERE ALLOTED @ RS 120.75 PER SHARE ON CONVERSION OF 729 FCCB'S OF USD 10,000 EACH 4 AS PER THE HON'BLE KOLKATA HIGH COURT ORDER , THE COMPANY HAS CHARGED RS.432.94 LACS IN SECURITIES PREMIUM A/C TOWARDS DEFERRED TAX LIABILITY COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. 5 THERE WERE THREE INVESTOR COMLPAINTS RECEIVED DURING THE QUARTER AND THE SAME WERE RESOLVED. THERE WERE NO INVESTOR'S COMPLAINTS PENDING AT THE BEGINNING AND END OF THE QUARTER. 6 FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER CONSIDERED NECESSARY.Date : 31ST JULY 2007 FOR AND ON BEHALF OF THE BOARD OF DIRECTORSPlace : NEW DELHI SANDIP JHUNJHUNWALA MANAGING DIRECTOR This information is provided by RNS The company news service from the London Stock Exchange