3rd Quarter Results

REI AGRO LIMITED

REGD. OFFICE

EVEREST HOUSE, R.N - 15B,

46C, CHOWRINGHEE ROAD,

KOLKATA-700071

(RS. IN LACS)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2009

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

 (UNAUDITED)

 (UNAUDITED)

 (UNAUDITED)

 (UNAUDITED)

(AUDITED)

INCOME

1

NET SALES/INCOME FROM OPERATION

65,116.24

57,009.22

247,874.76

159,452.99

244,822.71

TOTAL

65,116.24

57,009.22

247,874.76

159,452.99

244,822.71

2

EXPENDITURE

A) (INCREASE)/DECREASE IN STOCK IN TRADE

(1,156.25)

8,415.10

(23,341.22)

(18,795.33)

(18,306.43)

B) CONSUMPTION OF RAW MATERIALS

48,500.88

32,018.15

178,232.10

129,287.21

167,367.26

C) PURCHASE OF TRADED GOODS

-

-

36,273.72

-

29,503.22

D) EMPLOYEES COST

348.89

370.37

927.07

913.38

1,226.03

E) DEPRECIATION

538.97

533.06

1,609.87

1,592.69

2,128.59

F) OTHER EXPENDITURE

3,876.67

6,569.79

10,182.04

15,162.41

20,475.09

TOTAL

52,109.16

47,906.47

203,883.58

128,160.36

202,393.76

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

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

- CURRENT TAX

1,848.60

204.24

6,775.75

2,768.29

3,360.00

- FRINGE BENEFIT TAX

-

1.50

-

10.50

8.00

- 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

(FACE VALUE RE 1/- 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

-

-

-

-

53,332.25

15

EARNING PER SHARE(EPS) FACE VALUE RE 1 /- PER SHARE

- BASIC

1.06

0.06

4.03

1.61

2.04

- DILUTED

0.96

0.06

3.87

1.61

2.04

16

 PUBLIC SHARE HOLDING

NO OF SHARES

198,068,091

172,108,060

198,068,091

172,108,060

168,516,558

PERCENTAGE OF SHAREHOLDING

62.10

59.55

62.10

59.55

58.30

17

PROMOTERS AND PROMOTER GROUP SHAREHOLDING

A) PLEDGED/ ENCUMBERED

- NUMBER OF SHARES

35,251,530

37,721,530

35,251,530

37,721,530

33,701,530

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

29.16

32.26

29.16

32.26

27.96

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

11.05

13.05

11.05

13.05

11.66

B) NON - ENCUMBERED

- NUMBER OF SHARES

85,656,299

79,200,780

85,656,299

79,200,780

86,812,282

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

70.84

67.74

70.84

67.74

72.04

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

26.85

27.40

26.85

27.40

30.04

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

(RS. IN LACS)

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)

a) SEGMENT RICE

64,802.20

56,709.55

245,757.52

157,213.29

242,531.01

b) SEGMENT WIND FARM

314.04

299.67

2,117.24

2,239.70

2,291.70

TOTAL

65,116.24

57,009.22

247,874.76

159,452.99

244,822.71

LESS: INTER SEGMENT REVENUE

-

-

-

-

-

NET SALES/INCOME FROM OPERATIONS

65,116.24

57,009.22

247,874.76

159,452.99

244,822.71

2

SEGMENT RESULTS (PROFIT) (+)/LOSS (-) BEFORE

TAX AND INTEREST FROM EACH SEGMENT

a) SEGMENT RICE

13,014.76

9,325.21

42,830.71

30,849.98

42,066.55

b) SEGMENT WIND FARM

(7.68)

(222.46)

1,160.47

442.65

362.40

RESULTS

13,007.08

9,102.75

43,991.18

31,292.63

42,428.95

LESS: i) INTEREST

8,374.75

8,899.84

25,863.95

24,142.65

33,283.22

ii) OTHER UNALLOCABLE EXPENDITURE NET

(647.16)

(206.71)

(1,161.24)

(424.29)

(386.10)

OFF UNALLOCABLE INCOME

TOTAL PROFIT BEFORE TAX

5,279.49

409.62

19,288.47

7,574.27

9,531.83

3

CAPITAL EMPLOYED (SEGMENT ASSETS - SEGMENT

LIABILITIES)

A) SEGMENT RICE

78,560.10

49,752.00

78,560.10

49,752.00

51,292.50

B) SEGMENT WIND FARM

8,471.78

8,289.60

8,471.78

8,289.60

7,454.84

C) UNALLOCABLE

1,026.43

1,476.29

1,026.43

1,476.29

1,475.22

TOTAL

88,058.31

59,517.89

88,058.31

59,517.89

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 30TH JANUARY 2010.

2

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

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.

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.

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.

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

7

FIGURES HAVE BEEN REGROUPED / REARRANGED WHEREVER CONSIDERED NECESSARY

Date : 30TH JANUARY 2010

 FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Place : NEW DELHI

SANDIP JHUNJHUNWALA

MANAGING DIRECTOR