1st Quarter Results

REI AGRO LIMITED

REGD. OFFICE

46C, CHOWRINGHEE ROAD,

"EVEREST HOUSE", R.N - 15B, KOLKATA-71

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2009

(RS. IN LACS)

SL.NO.

PARTICULARS

 QTR ENDED 30.06.2009 

 QTR ENDED 30.06.2008 

YEAR ENDED 31.03.2009 (AUDITED)

INCOME

1

NET SALES/INCOME FROM OPERATION 

85,779.29

70,438.26

244,822.71

2

TOTAL

85,779.29

70,438.26

244,822.71

3

EXPENDITURE

A) (INCREASE)/DECREASE IN STOCK IN TRADE

(3,285.55)

10,996.71

(18,306.43)

B) CONSUMPTION OF RAW MATERIALS 

52,920.27

30,130.26

168,299.18

C) PURCHASE OF TRADED GOODS

15,104.96

8,118.79

29,503.22

D) EMPLOYEES COST

288.91

1,421.50

1,226.03

E) DEPRECIATION

533.97

651.58

2,128.59

D) OTHER EXPENDITURE

4,913.91

6,138.23

19,543.17

TOTAL

70,476.47

57,457.07

202,393.76

4

PROFIT FROM OPERATIONS BEFORE OTHER INCOME, INTEREST AND EXCEPTIONAL ITEMS

15,302.82

12,981.19

42,428.95

5

OTHER INCOME

289.09

64.10

386.10

6

PROFIT BEFORE INTEREST AND EXCEPTIONAL ITEMS

15,591.91

13,045.29

42,815.05

7

INTEREST/FINANCE COST

9,149.57

7,804.38

33,283.22

8

PROFIT AFTER INTEREST BUT BEFORE EXCEPTIONAL ITEMS ( 6-7)

6,442.34

5,240.91

9,531.83

9

EXCEPTIONAL ITEMS

-

-

-

10

PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX

6,442.34

5,240.91

9,531.83

11

PROVISION FOR TAXATION

- CURRENT TAX

2,281.82

1,790.36

3,360.00

- FRINGE BENEFIT TAX

2.00

8.00

8.00

- FOR EARLIER YEARS

-

-

70.99

12

NET PROFIT (+)/LOSS(-) FOR THE PERIOD (10-11)

4,158.52

3,442.55

6,092.84

13

PAID UP EQUITY SHARE CAPITAL

2,890.30

4,817.17

2,890.30

(FACE VALUE RE 1/- PER SHARE)

14

4% NON-CONVERTIBLE PREFERENCE SHARE

4,000.00

4,000.00

4,000.00

(FACE VALUE RS. 100/- PER SHARE)

15

RESERVE EXCLUDING REVALUATION RESERVE 

-

-

53,332.25

16

EARNING PER SHARE(EPS)

- BASIC 

1.42

0.71

2.04

- DILUTED 

1.42

0.71

2.04

17

 PUBLIC SHARE HOLDING

NO OF SHARES

168,122,541

29,713,624

168,516,558

PERCENTAGE OF SHAREHOLDING

58.17

61.68

58.30

18

PROMOTERS AND PROMOTER GROUP SHAREHOLDING

A) PLEDGED/ ENCUMBERED 

- NUMBER OF SHARES

33,751,530

NA

33,701,530

- PERCENTAGE OF SHARES (AS A % OF TOTAL SHAREHOLDING OF PROMOTER AND PROMOTER GROUP)

27.92

-

27.96

- PERCENTAGE OF SHARES (AS A % OF TOTAL SHARE CAPITAL OF THE COMPANY)

11.68

-

11.66

B) NON - ENCUMBERED 

- NUMBER OF SHARES

87,156,299

NA

86,812,282

- PERCENTAGE OF SHARES (AS A % OF TOTAL SHAREHOLDING OF PROMOTER AND PROMOTER GROUP)

72.08

-

72.04

- PERCENTAGE OF SHARES (AS A % OF TOTAL SHARE CAPITAL OF THE COMPANY)

30.15

-

30.04

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

SL.NO.

PARTICULARS

 QTR ENDED 30.06.2009 

 QTR ENDED 30.06.2008 

YEAR ENDED 31.03.2009 (AUDITED)

1

Segment Revenue (Net sale/income from each segment)

a) Segment Rice

84,960.07

58,404.14

242,531.01

b) Segment Wind Farm

819.22

765.77

2,291.70

c) Segment Retail

-

18,863.36

-

Total 

85,779.29

78,033.27

244,822.71

Less: Inter Segment Revenue 

-

(7,595.01)

-

Net Sales/Income from operations

85,779.29

70,438.26

244,822.71

2

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

Tax and Interest from each Segment 

a) Segment Rice

14,832.90

11,700.91

42,066.55

b) Segment Wind Farm 

469.92

395.44

362.40

c) Segment Retail

-

884.83

-

Results

15,302.82

12,981.18

42,428.95

Less: i) Interest 

9,149.57

7,804.38

33,283.22

ii) Other unallocable expenditure net 

(289.09)

(64.10)

(386.10)

off unallocable income

Total Profit before Tax 

6,442.34

5,240.90

9,531.83

3

Capital Employed (Segment Assets - Segment

Liabilities) 

a) Segment Rice

56,993.21

31,045.90

51,292.50

b) Segment Wind Farm

8,171.10

7,394.32

7,454.84

c) Segment Retail

-

23,468.23

-

c) Unallocable

(702.18)

(764.81)

1,475.22

Total 

64,462.13

61,143.64

60,222.56

NOTES

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 10TH JULY 2009 

2

 THE ABOVE RESULTS HAVE BEEN REVEIWED BY AUDITORS OF THE COMPANY. 

3

 AS PER ORDER OF THE HON'BLE HIGH COURT AT KOLKATA , THE COMPANY HAS DURING THE YEAR ADJUSTED RS. 81.06 LACS IN SECURITIES PREMIUM A/C TOWARDS DEFERRED TAX ASSETS COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. 

4

 FIGURES FOR QUARTER ENDED JUNE 2008 IS BEFORE TAKING INTO EFFECT THE SCHEME OF ARRANGEMENT 

5

 INVESTORS COMPLAINTS: PENDING AS ON APRIL 1, 2009 - NIL, RECEIVED DURING THE QUARTER ENDED JUNE 30,2009 - 1, PENDING AS ON JUNE 30, 2009 - 1 

6

 EACH EQUITY SHARES OF RS. 10/- EACH HAS BEEN SUBDIVIDED/SPLIT INTO 10 EQUITY SHARES OF RE 1/- EACH WITH EFFECT FROM FEB 05, 2009

7

 FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER CONSIDERED NECESSARY 

Date : 10TH JULY 2009

 FOR AND ON BEHALF OF THE BOARD OF DIRECTORS 

Place : NEW DELHI

 SANDIP JHUNJHUNWALA 

 MANAGING DIRECTORS