Quarterly Results

31 Oct 2007 15:04

REI Agro Limited31 October 2007 REI AGRO LIMITED REGD. OFFICE 46C, CHOWRINGHEE ROAD, "EVEREST HOUSE", KOLKATA-71. UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2007 (RS. IN LACS) SL. PARTICULARS QTR. QTR. HALF YEAR HALF YEAR YEAR ENDED NO. ENDED ENDED ENDED ENDED 31.03.2007 30.09.2007 30.09.2006 30.09.2007 30.09.2006 (AUDITED) INCOME 1 NET SALES/INCOME FROM OPERATION 46,073.54 24,023.78 76,990.51 47,566.53 108,514.89 2 OTHER INCOME 10.21 2.00 18.16 2.25 18.73 46,083.75 24,025.78 77,008.67 47,568.78 108,533.62 3 EXPENDITURE A) (INCREASE)/DECREASE IN STOCK (9,207.83) 7,581.56 (14,172.19) 9,738.82 8,629.40 B) CONSUMPTION OF RAW MATERIALS / PURCHASE OF GOODS 45,680.15 11,164.41 72,615.96 26,714.88 73,116.16 C) PERSONNEL COST 380.04 196.93 618.98 381.75 918.97 D) MANUFACTURING, ADMINISTRATION & SELLING COST 2,089.88 855.79 3,362.05 1,932.09 5,984.78 TOTAL EXPENDITURE 38,942.23 19,798.69 62,424.79 38,767.54 88,649.31 4 INTEREST/FINANCE COST 3,290.74 1,265.34 6,320.69 2,577.37 7,724.34 5 DEPRECIATION 515.73 428.33 950.51 770.21 1,555.70 42,748.70 21,492.36 69,695.99 42,115.12 97,929.35 6 PROFIT BEFORE TAX 3,335.05 2,533.42 7,312.68 5,453.66 10,604.27 7 PROVISION FOR TAXATION-CURRENT 407.89 284.25 1,274.60 611.90 1,485.61 8 PROVISION FOR FRINGE BENEFIT TAX 4.00 3.12 7.00 5.70 10.68 9 PROVISION FOR TAXATION-DEFERRED - 568.80 - 1,223.80 - 10 PROFIT AFTER TAX 2,923.16 1,677.25 6,031.08 3,612.26 9,107.98 11 PAID UP EQUITY SHARE CAPITAL 4,795.57 3,883.12 4,795.57 3,883.12 4,491.66 (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 37,722.85 14 EARNING PER SHARE(EPS) - BASIC 6.10 4.20 12.58 9.07 22.30 - DILUTED 6.07 12.53 20.62 15 AGGREGATE OF NON PROMOTER SHARE HOLDING NO OF SHARES 31,232,468 22,107,974 31,232,468 22,107,974 28,193,370 PERCENTAGE OF SHAREHOLDING 65.13 56.93 65.13 56.93 62.77 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT SL. PARTICULARS QTR. QTR. HALF YEAR HALF YEAR YEAR ENDED NO. ENDED ENDED ENDED ENDED 31.03.2007 30.09.2007 30.09.2006 30.09.2007 30.09.2006 (AUDITED) 1 Segment Revenue (net sale/income from each segment should be disclosed under this head) a) Segment Rice 40,931.89 22839.90 70,768.18 45788.40 105148.67 b) Segment Wind Farm & Others 892.46 1,183.88 1,502.14 1,778.13 3,366.22 c) Retail Segment 4,249.19 - 4,720.19 - - Total 46,073.54 24,023.78 76,990.51 47,566.53 108,514.89 Less: Inter Segment Revenue - - - - - Net Sales/Income from operations 46,073.54 24,023.78 76,990.51 47,566.53 108,514.89 2 Segment Results (Profit) (+)/Loss (-) before Tax and Interest from each Segment a) Segment Rice 5,924.30 2,858.78 12,558.70 6,711.86 16,990.15 b) Segment Wind Farm & Others 440.33 937.98 775.56 1,316.92 1,319.73 c) Segment Retail 250.95 - 280.95 Results 6,615.58 3,796.76 13,615.21 8,028.78 18,309.88 Less: i) Interest 3,290.74 1,265.34 6,320.69 2,577.37 7,724.34 ii) Other unallocable (10.21) (2.00) (18.16) (2.25) (18.73) expenditure net off unallocable income Total Profit before Tax 3,335.05 2,533.42 7,312.68 5,453.66 10,604.27 3 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 52,836.97 36,386.51 52,836.97 36,386.51 45,577.37 b) Segment Wind Farm & Others 6,732.80 6,067.94 6732.80 6,067.94 7,687.63 c) Segment Retail 3,286.51 - 3286.51 - - c) Unallocable (7,892.23) (6,249.36) (7892.23) (6,249.36) (7050.49) Total 54,964.05 36,205.09 54,964.05 36,205.09 46,214.51 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 30TH OCTOBER, 2007 2 THE ABOVE RESULTS ARE SUBJECT TO LIMITED REVIEW BY STATUTORY AUDITORS. 3 DURING THE QUARTER 4,14,095 EQUITY SHARES OF RS. 10 EACH WERE ALLOTED @ RS 120.75 PER SHARE ON CONVERSION OF 115 FCCB'S OF USD 10,000 EACH 4 AS PER THE HON'BLE KOLKATA HIGH COURT ORDER , THE COMPANY HAS CHARGED RS.518.32 LACS IN SECURITIES PREMIUM A/C TOWARDS DEFERRED TAX LIABILITY COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. 5 THERE WERE NO INVESTOR COMLPAINTS RECEIVED DURING THE QUARTER . THERE WERE NO INVESTOR'S COMPLAINTS PENDING AT END OF THE QUARTER. 6 FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER CONSIDERED NECESSARY . Date : 30TH OCTOBER 2007 FOR AND ON BEHALF OF THE BOARD OF DIRECTORSPlace : NEW DELHI SANDIP JHUNJHUNWALA MANAGING DIRECTOR This information is provided by RNS The company news service from the London Stock Exchange