1st Quarter Results

31 Jul 2006 14:59

REI Agro Ltd31 July 2006 REI AGRO LIMITED REGD. OFFICE 46C, CHOWRINGHEE ROAD, "EVEREST HOUSE", KOLKATA-71. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2006 (RS. IN LACS) SL.NO. PARTICULARS QTR QTR ENDED ENDED YEAR ENDED 30.06.2006 30.06.2005 31.03.2006 (UNAUDITED) (UNAUDITED) (AUDITED) 1 INCOME NET SALES/INCOME FROM OPERATION 23,542.75 30,131.59 95876.5 OTHER INCOME 0.25 - 22.02 23,543.00 30,131.59 95,898.52 2 EXPENDITURE A) (INCREASE)/DECREASE IN STOCK 2,157.26 53.08 (13,774.38) B) CONSUMPTION OF RAW MATERIALS 14,980.21 25,655.50 88,630.36 C) PERSONNEL COST 184.82 170.24 780.34 D) ADMINISTRATIVE AND SELLING COST 1,646.57 1,088.84 5,360.14 INTEREST/FINANCE COST 1,312.03 930.53 3,734.72 DEPRECIATION 341.88 212.46 934.27 20,622.76 28,110.65 85,665.45 3 PROFIT BEFORE TAX 2,920.23 2,020.94 10,233.07 4 PROVISION FOR TAXATION 327.65 100.00 889.69 5 PROVISION FOR FRINGE BENEFIT TAX 2.58 - 15.91 6 PROFIT AFTER TAX 2,590.00 1,920.94 9,327.47 7 DEFERRED TAX 655.30 330.00 2,724.53 8 PROFIT AFTER DEFERRED TAX 1,934.70 1,590.94 6,602.94 9 PAID UP EQUITY SHARE CAPITAL 3,883.12 3,344.67 3,883.12 (FACE VALUE RS. 10 PER SHARE) 10 4% NON-CONVERTIBLE PREFERENCE SHARE 4,000.00 4,000.00 4,000.00 ( FACE VALUE RS. 100/- PER SHARE) 11 RESERVE EXCLUDING REVALUATION RESERVE - - 24,709.71 12 EARNING PER SHARE(EPS) - BASIC & DILUTED( NOT ANNUALISED) 4.86 4.62 19.32 13 AGGREGATE OF NON PROMOTER SHARE HOLDING NO OF SHARES 22,127,974 16,287,254 21,671,687 PERCENTAGE OF SHAREHOLDING 56.99 48.70 55.81 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT SL.NO. PARTICULARS QTR QTR YEAR ENDED ENDED ENDED 31.03.2006 30.06.2006 30.06.2005 (AUDITED) (UNAUDITED) (UNAUDITED) 1 Segment Revenue (net sale/incomefrom each segment should be disclosed under this head) a) Segment Rice 22,948.49 29,800.31 94402.23 b) Segment Wind Farm 594.25 331.28 1,474.27 Net Sales/Income from operations 23,542.75 30,131.59 95876.5 2 Segment Results (Profit) (+)/Loss (-) before Tax and Interest from each Segment a) Segment Rice 3,853.07 2,742.44 13086.78 b) Segment Wind Farm 378.94 209.03 858.99 Results 4,232.01 2,951.47 13,945.77 Less: i) Interest 1,312.03 930.53 3,734.72 ii) Other unallocable expenditure net off unallocable income (0.25) 0.00 (22.02) Total Profit before Tax 2,920.23 2,020.94 10,233.07 3 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 34,840.61 21,267.97 32,804.45 b) Segment Wind Farm 5,367.78 2,283.35 4,813.95 C) Unallocable (5,680.86) (2631.03) (5025.56) Total 34,527.53 20,920.29 32,592.84 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, 2006 2 THE STATUTORY AUDITORS HAVE CARRIED OUT A LIMITED REVIEW OF THE UN AUDITED FINANCIAL RESULTS FOR QUARTER ENDED 30TH JUNE '2006 3 THERE WERE TWO 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. 4 FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER CONSIDERED NECESSARY . Date : 31ST JULY 2006 FOR REI AGRO LIMITEDPlace : KOLKATA DIRECTOR This information is provided by RNS The company news service from the London Stock Exchange