3rd Quarter Results

1 Feb 2007 14:15

REI Agro Limited01 February 2007 REI AGRO LIMITED REGD. OFFICE 46C, CHOWRINGHEE ROAD, "EVEREST HOUSE", KOLKATA-71. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2006 SL.NO. PARTICULARS QUARTER QURTER NINE MONTHS NINE MONTHS YEAR ENDED ENDED ENDED ENDED ENDED 31.12.2006 31.12.2005 31.12.2006 31.12.2005 31.03.2006 (AUDITED) INCOME 1 NET SALES/INCOME FROM OPERATION 24,072.67 16,475.86 71,639.20 74,234.92 95,876.50 2 OTHER INCOME 0.00 0.33 2.25 14.67 22.02 24,072.67 16,476.19 71,641.45 74,249.59 95,898.52 3 EXPENDITURE A) (INCREASE)/DECREASE IN STOCK (8,242.52) (5,573.37) 1,496.30 (7,657.63) (13,774.38) B) CONSUMPTION OF RAW MATERIALS / PURCHASE OF GOODS 25,134.67 17,082.50 51,849.55 67,485.27 89,923.53 C) PERSONNEL COST 304.65 195.74 686.40 629.13 780.34 D) MANUFACTURING, ADMINISTRATION & SELLING COST 786.88 1,139.14 2,718.97 2,958.93 4,066.97 TOTAL EXPENDITURE 17,983.68 12,844.01 56,751.22 63,415.70 80,996.46 4 INTEREST/FINANCE COST 1,882.34 737.69 4,459.71 2,582.02 3,734.72 5 DEPRECIATION 369.00 241.71 1,139.21 669.81 934.27 20,235.02 13,823.41 62,350.14 66,667.53 85,665.45 6 PROFIT BEFORE TAX 3,837.65 2,652.78 9,291.31 7,582.06 10,233.07 7 PROVISION FOR TAXATION-CURRENT 436.12 - 1,048.02 781.68 889.69 8 PROVISION FOR FRINGE BENEFIT TAX 10.00 - 15.70 - 15.91 9 PROVISION FOR TAXATION-DEFERRED 861.17 851.89 2,084.97 1,669.27 2,724.53 10 PROFIT AFTER TAX 2,530.36 1,800.89 6,142.62 5,131.11 6,602.94 11 PAID UP EQUITY SHARE CAPITAL 4,072.16 4,267.73 4,072.16 4,267.73 3,883.12 (FACE VALUE RS. 10 PER SHARE) 12 4% NON-CONVERTIBLE PREFERENCE SHARE 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 ( FACE VALUE RS. 100/- PER SHARE) 13 RESERVE EXCLUDING REVALUATION RESERVE 24,709.71 14 EARNING PER SHARE(EPS) - BASIC & DILUTED 6.38 4.98 15.43 14.18 19.32 15 AGGREGATE OF NON PROMOTER SHARE HOLDING NO OF SHARES 23,998,407 26,017,841 23,998,407 26,017,841 21,671,687 PERCENTAGE OF SHAREHOLDING 58.93 60.96 58.93 60.96 55.81 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED AS REQUIRED UNDER CLAUSE 41 OF THE LISTING AGREEMENT SL.NO. PARTICULARS QTR. QTR. ENDED NINE MONTH NINE MONTH YEAR ENDED ENDED 31.12.2005 ENDED ENDED 31.03.2006 31.12.2006 31.12.2006 31.12.2005 (AUDITED) 1 Segment Revenue (net sale/income from each segment should be disclosed under this head) a) Segment Rice 23,170.94 16,455.78 68,959.34 73,393.28 94,402.23 b) Segment Wind Farm & Others 901.73 20.08 2,679.86 841.64 1,474.27 Total 24,072.67 16,475.86 71,639.20 74,234.92 95,876.50 Less: Inter Segment Revenue - - - - - Net Sales/Income from operations 24,072.67 16,475.86 71,639.20 74,234.92 95,876.50 2 Segment Results (Profit) (+)/Loss (-) before Tax and Interest from each Segment a) Segment Rice 5,648.23 3,520.67 12,869.17 9,705.97 13,086.78 b) Segment Wind Farm & Others 71.76 (130.53) 879.60 443.44 858.99 Results 5,719.99 3,390.14 13,748.77 10,149.41 13,945.77 Less: i) Interest 1,882.34 737.69 4,459.71 2,582.02 3,734.72 ii) Other unallocable expenditure net off unallocable income - (0.33) (2.25) (14.67) (22.02) Total Profit before Tax 3,837.65 2,652.78 9,291.31 7,582.06 10,233.07 3 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 42,144.70 38,445.36 42,144.70 38,445.36 32,804.45 b) Segment Wind Farm & Others 5,982.48 2,458.46 5,982.48 2,458.46 4,813.95 c) Unallocable (7,110.53) (3,975.54) (7,110.53) (3,975.54) (5,025.56) Total 41,016.65 36,928.28 41,016.65 36,928.28 32,592.84 NOTES : 1 THE ABOVE RESULTS HAVE BEEN REVIEWED BY AUDIT COMMITTEE AND TAKEN ON RECORD BY THE BOARD OF DIRECTORS AT THEIR MEETING HELD ON 29TH JANUARY, 2007 2 DURING THE QUARTER 18,90,433 EQUITY SHARES OF RS. 10 EACH HAVE BEEN ALLOTTED AT RS 120.75 PER SHARE ON CONVERSION OF 525 1.5% FCCB'S OF USD 10,000 EACH 3 THE BOARD OF DIRECTORS OF THE COMPANY HAVE RECOMMENDED 1st INTERIM DIVIDEND RS. 1.50 PER EQUITY SHARE FOR THE FINANCIAL YEAR 2006-07. 4 THERE WERE NO INVESTOR'S COMPLAINTS PENDING AT THE BEGINNING AND END OF THE QUARTER. HOWEVER THERE WAS ONE INVESTOR'S COMLPAINT RECEIVED AND RESOLVED DURING THIS QUARTER. 5 FIGURE HAVE BEEN REGOURPED/REARRANGED WHEREEVER CONSIDERED NECESSARY FOR AND ON BEHALF OF THE BOARD OF DIRECTORSPLACE: NEW DELHIDATE: 29.01.2007 SANDIP JHUNJHUNWALA VICE CHAIRMAN AND MANAGING DIRECTOR This information is provided by RNS The company news service from the London Stock Exchange