1 Feb 2010 09:15
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| REI AGRO LIMITED | |||||
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| REGD. OFFICE | |||||
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| EVEREST HOUSE, R.N - 15B, | |||||
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| 46C, CHOWRINGHEE ROAD, | |||||
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| KOLKATA-700071 | |||||
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| (RS. IN LACS) |
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| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2009 | |||||
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| SLNO | PARTICULARS | QTR ENDED 31.12.2009 | QTR ENDED 31.12.2008 | NINE MONTHS ENDED 31.12.2009 | NINE MONTHS ENDED 31.12.2008 | YEAR ENDED 31.03.2009 |
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| (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) |
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| INCOME |
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| 1 | NET SALES/INCOME FROM OPERATION | 65,116.24 | 57,009.22 | 247,874.76 | 159,452.99 | 244,822.71 |
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| TOTAL | 65,116.24 | 57,009.22 | 247,874.76 | 159,452.99 | 244,822.71 |
| 2 | EXPENDITURE |
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| A) (INCREASE)/DECREASE IN STOCK IN TRADE | (1,156.25) | 8,415.10 | (23,341.22) | (18,795.33) | (18,306.43) |
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| B) CONSUMPTION OF RAW MATERIALS | 48,500.88 | 32,018.15 | 178,232.10 | 129,287.21 | 167,367.26 |
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| C) PURCHASE OF TRADED GOODS | - | - | 36,273.72 | - | 29,503.22 |
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| D) EMPLOYEES COST | 348.89 | 370.37 | 927.07 | 913.38 | 1,226.03 |
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| E) DEPRECIATION | 538.97 | 533.06 | 1,609.87 | 1,592.69 | 2,128.59 |
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| F) OTHER EXPENDITURE | 3,876.67 | 6,569.79 | 10,182.04 | 15,162.41 | 20,475.09 |
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| TOTAL | 52,109.16 | 47,906.47 | 203,883.58 | 128,160.36 | 202,393.76 |
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| 3 | PROFIT FROM OPERATIONS BEFORE OTHER INCOME, INTEREST AND EXCEPTIONAL ITEMS | 13,007.08 | 9,102.75 | 43,991.18 | 31,292.63 | 42,428.95 |
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| 4 | OTHER INCOME | 647.16 | 206.71 | 1,161.24 | 424.29 | 386.10 |
| 5 | PROFIT BEFORE INTEREST AND EXCEPTIONAL ITEMS | 13,654.24 | 9,309.46 | 45,152.42 | 31,716.92 | 42,815.05 |
| 6 | INTEREST/FINANCE COST | 8,374.75 | 8,899.84 | 25,863.95 | 24,142.65 | 33,283.22 |
| 7 | PROFIT AFTER INTEREST BUT BEFORE EXCEPTIONAL ITEMS (5-6) | 5,279.49 | 409.62 | 19,288.47 | 7,574.27 | 9,531.83 |
| 8 | EXCEPTIONAL ITEMS | - | - | - | - | - |
| 9 | PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX | 5,279.49 | 409.62 | 19,288.47 | 7,574.27 | 9,531.83 |
| 10 | PROVISION FOR TAXATION |
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| - CURRENT TAX | 1,848.60 | 204.24 | 6,775.75 | 2,768.29 | 3,360.00 |
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| - FRINGE BENEFIT TAX | - | 1.50 | - | 10.50 | 8.00 |
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| - FOR EARLIER YEARS | 2.47 | - | 34.15 | - | 70.99 |
| 11 | NET PROFIT (+)/LOSS(-) FOR THE PERIOD (9-10) | 3,428.42 | 203.88 | 12,478.57 | 4,795.48 | 6,092.84 |
| 12 | PAID UP EQUITY SHARE CAPITAL | 3,189.76 | 2,890.30 | 3,189.76 | 2,890.30 | 2,890.30 |
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| (FACE VALUE RE 1/- PER SHARE) |
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| 13 | 4% NON-CONVERTIBLE PREFERENCE SHARE | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 |
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| (FACE VALUE RS. 100/- PER SHARE) |
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| 14 | RESERVE EXCLUDING REVALUATION RESERVE | - | - | - | - | 53,332.25 |
| 15 | EARNING PER SHARE(EPS) FACE VALUE RE 1 /- PER SHARE |
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| - BASIC | 1.06 | 0.06 | 4.03 | 1.61 | 2.04 |
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| - DILUTED | 0.96 | 0.06 | 3.87 | 1.61 | 2.04 |
| 16 | PUBLIC SHARE HOLDING |
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| NO OF SHARES | 198,068,091 | 172,108,060 | 198,068,091 | 172,108,060 | 168,516,558 |
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| PERCENTAGE OF SHAREHOLDING | 62.10 | 59.55 | 62.10 | 59.55 | 58.30 |
| 17 | PROMOTERS AND PROMOTER GROUP SHAREHOLDING |
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| A) PLEDGED/ ENCUMBERED |
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| - NUMBER OF SHARES | 35,251,530 | 37,721,530 | 35,251,530 | 37,721,530 | 33,701,530 |
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| - PERCENTAGE OF SHARES (AS A % OF TOTAL SHAREHOLDING OF PROMOTER AND PROMOTER GROUP) |
29.16 | 32.26 |
29.16 |
32.26 |
27.96 |
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| - PERCENTAGE OF SHARES (AS A % OF TOTAL SHARE CAPITAL OF THE COMPANY) |
11.05 | 13.05 |
11.05 |
13.05 |
11.66 |
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| B) NON - ENCUMBERED |
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| - NUMBER OF SHARES | 85,656,299 | 79,200,780 |
85,656,299 | 79,200,780 |
86,812,282 |
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| - PERCENTAGE OF SHARES (AS A % OF TOTAL SHAREHOLDING OF PROMOTER AND PROMOTER GROUP) |
70.84 | 67.74 |
70.84 |
67.74 |
72.04 |
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| - PERCENTAGE OF SHARES (AS A % OF TOTAL SHARE CAPITAL OF THE COMPANY) |
26.85 | 27.40 |
26.85 |
27.40 |
30.04 |
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| SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT |
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| (RS. IN LACS) | ||
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| SL.NO. | PARTICULARS | QTR ENDED 31.12.2009 ( UNAUDITED) | QTR ENDED 31.12.2008 ( UNAUDITED) | NINE MONTHS ENDED 31.12.2009 (UNAUDITED) | NINE MONTHS ENDED 31.12.2008 (UNAUDITED) | YEAR ENDED 31.03.2009 (AUDITED) |
| 1 | SEGMENT REVENUE (NET SALE/INCOME FROM EACH SEGMENT) |
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| a) SEGMENT RICE | 64,802.20 | 56,709.55 | 245,757.52 | 157,213.29 | 242,531.01 |
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| b) SEGMENT WIND FARM | 314.04 | 299.67 | 2,117.24 | 2,239.70 | 2,291.70 |
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| TOTAL | 65,116.24 | 57,009.22 | 247,874.76 | 159,452.99 | 244,822.71 |
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| LESS: INTER SEGMENT REVENUE | - | - | - | - | - |
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| NET SALES/INCOME FROM OPERATIONS | 65,116.24 | 57,009.22 | 247,874.76 | 159,452.99 | 244,822.71 |
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| 2 | SEGMENT RESULTS (PROFIT) (+)/LOSS (-) BEFORE |
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| TAX AND INTEREST FROM EACH SEGMENT |
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| a) SEGMENT RICE | 13,014.76 | 9,325.21 | 42,830.71 | 30,849.98 | 42,066.55 |
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| b) SEGMENT WIND FARM | (7.68) | (222.46) | 1,160.47 | 442.65 | 362.40 |
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| RESULTS | 13,007.08 | 9,102.75 | 43,991.18 | 31,292.63 | 42,428.95 |
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| LESS: i) INTEREST | 8,374.75 | 8,899.84 | 25,863.95 | 24,142.65 | 33,283.22 |
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| ii) OTHER UNALLOCABLE EXPENDITURE NET | (647.16) | (206.71) | (1,161.24) | (424.29) | (386.10) |
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| OFF UNALLOCABLE INCOME |
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| TOTAL PROFIT BEFORE TAX | 5,279.49 | 409.62 | 19,288.47 | 7,574.27 | 9,531.83 |
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| 3 | CAPITAL EMPLOYED (SEGMENT ASSETS - SEGMENT |
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| LIABILITIES) |
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| A) SEGMENT RICE | 78,560.10 | 49,752.00 | 78,560.10 | 49,752.00 | 51,292.50 |
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| B) SEGMENT WIND FARM | 8,471.78 | 8,289.60 | 8,471.78 | 8,289.60 | 7,454.84 |
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| C) UNALLOCABLE | 1,026.43 | 1,476.29 | 1,026.43 | 1,476.29 | 1,475.22 |
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| TOTAL | 88,058.31 | 59,517.89 | 88,058.31 | 59,517.89 | 60,222.56 |
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| NOTES |
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| 1 | THE FINANCIAL RESULTS HAVE BEEN REVEIWED BY THE AUDIT COMMITTEE AND TAKEN ON RECORD BY THE BOARD OF DIRECTORS AT THEIR MEETING HELD ON 30TH JANUARY 2010. | ||||||
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| 2 | THE ABOVE RESULTS HAVE BEEN REVEIWED BY THE AUDITORS OF THE COMPANY. | ||||||
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| 3 | AS PER ORDER OF THE HON'BLE HIGH COURT AT KOLKATA , THE COMPANY HAS DURING THE YEAR ADJUSTED RS. 2.44 CRORES IN SECURITIES PREMIUM A/C TOWARDS DEFERRED TAX ASSETS COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. | ||||||
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| 4 | THE SHARE CAPITAL OF THE COMPNY AS ON 31ST DECEMBER 2009 WAS RS. 3189.76 LACS AS COMPARED TO Rs. 2890.30 LACS AS ON 31ST MARCH, 2009. THE INCREASE IS ON ACCOUNT OF ISSUE OF 29,945,550 EQUITY SHARES OF RE 1/- EACH ISSUED AT A PRICE OF RS 61/- EACH INCLUDING PREMIUM OF RS 60/- PER EQUITY SHARE THROUGH QIP AGGREGATING TO USD 37.50 MILLION. | ||||||
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| 5 | DURING THE QUARTER ENDED DEC 31, 2009 THE COMPANY HAS ISSUED 5.5% UNSECURED FOREIGN CURRECY CONVERTIBLE BONDS (FCCBs) DUE 2014 AGGREGATING TO USD 105 MILLION. | ||||||
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| 6 | INVESTORS COMPLAINTS: PENDING AS ON OCTOBER 1, 2009 - NIL, RECEIVED DURING THE QUARTER - 3, DISPOSED DURING THE QUARTER - 3 , PENDING AS ON DECEMBER 31, 2009 - NIL | ||||||
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| 7 | FIGURES HAVE BEEN REGROUPED / REARRANGED WHEREVER CONSIDERED NECESSARY | ||||||
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| Date : 30TH JANUARY 2010 | FOR AND ON BEHALF OF THE BOARD OF DIRECTORS |
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| Place : NEW DELHI |
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| SANDIP JHUNJHUNWALA |
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| MANAGING DIRECTOR |
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Rei Agro Regs (REA)