3rd Quarter Results

REI AGRO LIMITED

REGD. OFFICE

46C, CHOWRINGHEE ROAD,

R. NO. 15 B, "EVEREST HOUSE", KOLKATA-71

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2008

(Rs. in Lacs)

SL.NO

PARTICULARS

QTR.  ENDED  31.12.2008

QTR.  ENDED  31.12.2007

NINE MONTHS ENDED 31.12.2008

NINE MONTHS ENDED 31.12.2007 

YEAR ENDED 31.03.2008 (AUDITED)

INCOME

1

NET SALES/INCOME FROM OPERATION 

57,009.22 

45,575.85 

159,452.99 

122,566.36 

173,501.22 

2

EXPENDITURE

A) (INCREASE)/DECREASE IN STOCK IN TRADE

8,415.10 

(5,710.32)

(18,795.33)

(19,882.51)

(8,742.04)

B) CONSUMPTION OF RAW MATERIALS 

32,018.15 

34,975.47 

129,287.21 

97,288.85 

117,917.04 

C) PURCHASE OF TRADED GOODS

-

3,644.08 

-

13,946.66 

20,296.53 

D) EMPLOYEES COST

370.37 

554.74 

913.38 

1,173.72 

1,148.18 

E) DEPRECIATION

533.06 

559.03 

1,592.69 

1,509.54 

1,990.72 

D) OTHER EXPENDITURE

6,569.79 

3,280.30 

15,162.41 

6,642.35 

11,181.41 

TOTAL 

47,906.47 

37,303.30 

128,160.36 

100,678.61 

143,791.84 

3

PROFIT FROM OPERATIONS BEFORE OTHER INCOME AND INTEREST (1-2)

9,102.75 

8,272.55 

31,292.63 

21,887.75 

29,709.38 

4

OTHER INCOME

206.71

18.96

424.29 

37.12

357.83

5

PROFIT FROM OPERATIONS BEFORE INTEREST (3+4)

9,309.46 

8,291.51 

31,716.92 

21,924.87 

30,067.21 

6

INTEREST/FINANCE COST

8,899.84 

5,283.44 

24,142.65 

11,604.13 

17,737.30 

-

7

PROFIT BEFORE TAX (5-6)

409.62 

3,008.07 

7,574.27 

10,320.74 

12,329.91 

8

PROVISION FOR TAXATION-CURRENT

204.23 

360.18 

2,768.28 

1,634.78 

2,000.00 

9

PROVISION FOR FRINGE BENEFIT TAX 

1.50 

3.00 

10.50 

10.00 

9.50 

10

PROVISION FOR TAXATION - FOR EARLIER YEARS

15.00 

11

PROFIT AFTER TAX (7-8-9-10)

203.89 

2,644.89 

4,795.49 

8,675.96 

10,305.41 

12

PAID UP EQUITY SHARE CAPITAL

2,890.30 

4,817.17 

2,890.30 

4,817.17 

2,890.30 

(FACE VALUE RS. 10 PER SHARE)

13

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)

14

RESERVE EXCLUDING REVALUATION RESERVE 

47,637.75 

15

EARNING PER SHARE(EPS)

- BASIC 

0.54 

5.40 

16.11 

21.44 

35.39 

- DILUTED 

34.78 

16

 PUBLIC SHARE HOLDING

NO OF SHARES

17,210,806 

31,448,517 

17,210,806 

31,448,517 

30,536,650 

PERCENTAGE OF SHAREHOLDING

59.55 

65.28 

59.55 

65.28 

60.80 

SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT

SL.NO

PARTICULARS

QTR.  ENDED  31.12.2008

QTR.  ENDED  31.12.2007

NINE MONTHS ENDED 31.12.2008

NINE MONTHS ENDED 31.12.2007 

YEAR ENDED 31.03.2008 (AUDITED)

1

Segment Revenue (net sale/income from each

segment should be disclosed under this head)

a) Segment Rice

56,709.55 

40927.70

157,213.29 

111695.88

170158.84

b) Segment Wind Farm 

299.67 

124.13 

2,239.70 

1,626.27 

1,835.51 

c) Segment Retail

-

 4,524.02 

-

9,244.21 

3,264.87 

Total 

57,009.22 

45,575.85 

159,452.99 

122,566.36 

175,259.22 

Less: Inter Segment Revenue 

-

-

-

-

 1,758.00 

Net Sales/Income from operations

57,009.22 

45,575.85 

159,452.99 

122,566.36 

173,501.22 

2

Segment Results (Profit) (+)/Loss (-) before

Tax and Interest from each Segment 

a) Segment Rice

9,279.64 

 8,243.11 

30,804.41 

20,801.80 

 29,132.49 

b) Segment Wind Farm 

(176.89)

(213.31)

488.22 

562.25 

404.14 

c) Segment Retail

-

 242.75 

-

523.70 

172.76 

Results

9,102.75 

8,272.55 

31,292.63 

21,887.75 

 29,709.39 

Less: i) Interest 

8,899.84 

 5,283.44 

24,142.65 

 11,604.13 

 17,737.31 

ii) Other unallocable expenditure net 

(206.71)

(18.96)

(424.29)

(37.12)

(357.83)

off unallocable income

Total Profit before Tax 

409.62 

3,008.07 

7,574.27 

10,320.74 

12,329.91 

3

Capital Employed (Segment Assets - Segment

Liabilities) 

a) Segment Rice

49,675.48 

51,887.78 

49,675.48 

51,887.78 

47,258.95 

b) Segment Wind Farm

8,289.59 

7,221.71 

8289.59

7,221.71 

6,989.85 

c) Segment Retail

-

7,147.55 

0.00

7,147.55 

-

c) Unallocable

1,476.39 

(8,817.96)

1476.39 

(8,817.96)

279.25 

Total 

59,441.46 

57,439.08 

59,441.46 

57,439.08 

54,528.05 

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 27TH JANUARY 2009 

2

 THE ABOVE RESULTS ARE SUBJECT TO LIMITED REVIEW BY STATUTORY AUDITORS. 

3

 AS PER THE ORDER OF HON'BLE CALCUTTA HIGH COURT, COMPANY HAS ADDED RS. 152.55 LACS IN SECURITIES PREMIUM A/C

 TOWARDS DEFERRED TAX ASSET COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA 

4

 FIGURES FOR QUARTER ENDED DEC'2007 AND NINE MONTHS ENDED DEC 2007 ARE BEFORE TAKING INTO EFFECT OF SCHEME OF 

 ARRANGEMENT. 

5

 AGGREGATE PUBLIC SHAREHOLDING FOR THE QUARTER ENDED DEC 2007, NINE MONTHS ENDED DEC 2007 AND YEAR ENDED

 MARCH 2008 ARE BEFORE TAKING INTO EFFECT OF SCHEME OF ARRANGEMENT 

6

 THERE WERE NO INVESTOR COMPLAINTS PENDING AT THE BEGINNING OF THE QUARTER ENDED DEC 2008. DURING THE 

 QUARTER, 2 COMPLAINTS WERE RECEIVED AND RESOLVED. THERE WERE NO COMPLAINTS PENDING AT THE END OF

 QUARTER ENDED DEC 2008. 

7

 FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER CONSIDERED NECESSARY . 

Date : 

27.01.2009

 FOR AND ON BEHALF OF THE BOARD OF DIRECTORS 

Place : NEW DELHI

 SANDIP JHUNJHUNWALA 

 MANAGING DIRECTOR