4 Feb 2009 11:44
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 |
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1 | NET SALES/INCOME FROM OPERATION | 57,009.22 | 45,575.85 | 159,452.99 | 122,566.36 | 173,501.22 |
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2 | EXPENDITURE |
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| 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 |
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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 |
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6 | INTEREST/FINANCE COST | 8,899.84 | 5,283.44 | 24,142.65 | 11,604.13 | 17,737.30 |
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| - |
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7 | PROFIT BEFORE TAX (5-6) | 409.62 | 3,008.07 | 7,574.27 | 10,320.74 | 12,329.91 |
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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 |
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| 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) |
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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 |
| ( FACE VALUE RS. 100/- PER SHARE) |
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14 | RESERVE EXCLUDING REVALUATION RESERVE |
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| 47,637.75 |
15 | EARNING PER SHARE(EPS) |
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| - BASIC | 0.54 | 5.40 | 16.11 | 21.44 | 35.39 |
| - DILUTED |
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| 34.78 |
16 | PUBLIC SHARE HOLDING |
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| 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 |
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| segment should be disclosed under this head) |
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| a) Segment Rice | 56,709.55 | 40927.70 | 157,213.29 | 111695.88 | 170158.84 |
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| b) Segment Wind Farm | 299.67 | 124.13 | 2,239.70 | 1,626.27 | 1,835.51 |
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| c) Segment Retail | - | 4,524.02 | - | 9,244.21 | 3,264.87 |
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| Total | 57,009.22 | 45,575.85 | 159,452.99 | 122,566.36 | 175,259.22 |
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| Less: Inter Segment Revenue | - | - | - | - | 1,758.00 |
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| 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 |
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| Tax and Interest from each Segment |
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| a) Segment Rice | 9,279.64 | 8,243.11 | 30,804.41 | 20,801.80 | 29,132.49 |
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| b) Segment Wind Farm | (176.89) | (213.31) | 488.22 | 562.25 | 404.14 |
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| c) Segment Retail | - | 242.75 | - | 523.70 | 172.76 |
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| Results | 9,102.75 | 8,272.55 | 31,292.63 | 21,887.75 | 29,709.39 |
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| 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 |
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| Total Profit before Tax | 409.62 | 3,008.07 | 7,574.27 | 10,320.74 | 12,329.91 |
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3 | Capital Employed (Segment Assets - Segment |
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| Liabilities) |
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| a) Segment Rice | 49,675.48 | 51,887.78 | 49,675.48 | 51,887.78 | 47,258.95 |
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| b) Segment Wind Farm | 8,289.59 | 7,221.71 | 8289.59 | 7,221.71 | 6,989.85 |
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| c) Segment Retail | - | 7,147.55 | 0.00 | 7,147.55 | - |
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| c) Unallocable | 1,476.39 | (8,817.96) | 1476.39 | (8,817.96) | 279.25 |
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| 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 |