3rd Quarter Results

REI AGRO LIMITED

REGD. OFFICE

46C, CHOWRINGHEE ROAD,

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

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2010

 (`` IN LAKHS )

SL.NO.

PARTICULARS

 QTR ENDED 31.12.2010 (UNAUDITED)

 QTR ENDED 31.12.2009 (UNAUDITED)

 NINE MONTHS ENDED 31.12.2010 (UNAUDITED)

 NINE MONTHS ENDED 31.12.2009 (UNAUDITED)

 YEAR ENDED 31.03.2010 (AUDITED)

INCOME

1

NET SALES/INCOME FROM OPERATION

96,019.03

65,116.24

274,765.93

247,874.76

369,323.44

TOTAL

96,019.03

65,116.24

274,765.93

247,874.76

369,323.44

2

EXPENDITURE

A) (INCREASE)/DECREASE IN STOCK IN TRADE

(481.84)

(1,156.25)

5,268.17

(23,341.22)

1,389.36

B) CONSUMPTION OF RAW MATERIALS

55,628.72

48,500.88

155,272.93

178,232.10

252,130.26

C) PURCHASE OF TRADED GOODS

17,899.98

-

48,318.05

36,273.72

40,333.73

D) EMPLOYEES COST

343.55

348.89

950.28

927.07

1,261.87

E) DEPRECIATION

572.85

538.97

1,658.24

1,609.87

2,139.40

F) OTHER EXPENDITURE

2,774.83

3,876.67

9,348.11

10,182.04

14,030.45

TOTAL

76,738.09

52,109.16

220,815.78

203,883.58

311,285.07

3

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

19,280.94

13,007.08

53,953.15

43,991.18

58,038.37

4

OTHER INCOME

473.12

647.16

633.43

1,161.24

969.67

5

PROFIT BEFORE INTEREST AND EXCEPTIONAL ITEMS(3+4)

19,754.06

13,654.24

54,586.58

45,152.42

59,008.04

6

INTEREST/FINANCE COST

7,331.87

8,374.75

22,154.11

25,863.95

34,824.61

7

PROFIT AFTER INTEREST BUT BEFORE EXCEPTIONAL ITEMS ( 5-6)

12,422.19

5,279.49

32,432.47

19,288.47

24,183.43

8

EXCEPTIONAL ITEMS

-

-

-

-

9

PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX

12,422.19

5,279.49

32,432.47

19,288.47

24,183.43

10

PROVISION FOR TAXATION

- CURRENT TAX

4,283.20

1,848.60

10,865.35

6,775.75

8,401.73

- FRINGE BENEFIT TAX

-

-

-

-

-

- FOR EARLIER YEARS

-

2.47

99.82

34.15

64.76

11

NET PROFIT (+)/LOSS(-) FOR THE PERIOD (9-10)

8,138.99

3,428.42

21,467.30

12,478.57

15,716.94

12

PAID UP EQUITY SHARE CAPITAL

9,579.85

3,189.75

9,579.85

3,189.76

3,193.28

(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

-

-

-

82,960.93

15

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

- BASIC (RS. )

0.84

0.69

2.83

2.64

3.29

- DILUTED (RS.)

0.76

0.63

2.48

2.53

3.13

16

 PUBLIC SHARE HOLDING

NO OF SHARES

556,629,025

198,068,091

556,629,025

198,068,091

198,350,489

PERCENTAGE OF SHAREHOLDING

58.10

62.10

58.10

62.10

62.11

17

PROMOTERS AND PROMOTER GROUP SHAREHOLDING

A) PLEDGED/ ENCUMBERED

- NUMBER OF SHARES

130,206,890

35,251,530

130,206,890

35,251,530

36,866,530

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

32.44

29.16

32.44

29.16

30.47

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

13.59

11.05

13.59

11.05

11.55

B) NON - ENCUMBERED

- NUMBER OF SHARES

271,149,039

85,656,299

271,149,039

85,656,299

84,111,299

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

67.56

70.84

67.56

70.84

69.53

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

28.30

26.85

28.30

26.85

26.34

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

 (`` IN LAKHS )

SL.NO.

PARTICULARS

 QTR ENDED 31.12.2010 (UNAUDITED)

 QTR ENDED 31.12.2009 (UNAUDITED)

 NINE MONTHS ENDED 31.12.2010 (UNAUDITED)

 NINE MONTHS ENDED 31.12.2009 (UNAUDITED)

 YEAR ENDED 31.03.2010 (AUDITED)

1

Segment Revenue (Net sale/income from each segment)

a) Segment Rice

95,742.98

64,802.20

272,899.42

245,757.52

366,838.71

-

b) Segment Wind Farm

276.05

314.04

1,866.51

2,117.24

2,484.73

Total

96,019.03

65,116.24

274,765.93

247,874.76

369,323.44

Less: Inter Segment Revenue

-

-

-

Net Sales/Income from operations

96,019.03

65,116.24

274,765.93

247,874.76

369,323.44

2

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

Tax and Interest from each Segment

a) Segment Rice

19,370.18

13,014.76

53,325.08

42,830.71

57,764.46

b) Segment Wind Farm

(174.12)

(7.68)

628.07

1,160.47

1,172.14

Results

19,193.06

13,007.08

53,953.15

43,991.18

58,936.60

Less: i) Interest

7,331.87

8,374.75

22,154.11

25,863.95

34,824.61

ii) Other unallocable expenditure net

(561.00)

(647.16)

(633.43)

(1,161.24)

(71.44)

 off unallocable income

Total Profit before Tax

12,422.19

5,279.49

32,432.47

19,288.47

24,183.43

3

Capital Employed (Segment Assets - Segment

Liabilities)

a) Segment Rice

207,213.11

78,560.10

207,213.11

78,560.10

71,509.24

b) Segment Wind Farm

9,921.91

8,471.78

9,921.91

8,471.78

8,825.35

c) Unallocable

6,342.99

1,026.43

6,342.99

1,026.43

9,819.63

Total

223,478.01

88,058.31

223,478.01

88,058.31

90,154.22

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 14TH JANUARY '2011

2

 THE ABOVE RESULTS IS SUBJECT TO LIMITED REVEIW BY AUDITORS OF THE COMPANY.

3

 AS PER ORDER OF THE HON'BLE HIGH COURT AT KOLKATA , DURING THE PERIOD THE COMPANY HAS ADJUSTED IN SECURITIES PREMIUM A/C ` 4.40 CRORES TOWARDS DEFERRED TAX ASSETS COMPUTED AS PER AS-22 ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA.

4

 INVESTORS COMPLAINTS: PENDING AS ON OCTOBER 1, 2010 - NIL, RECEIVED DURING THE QUARTER - 8, DISPOSED DURING THE QUARTER - 8 , PENDING AS ON DECEMBER 31, 2010 - NIL

5

 FIGURES HAVE BEEN REGROUPED / REARRANGED WHEREVER CONSIDERED NECESSARY.

FOR AND BEHALF OF THE BOARD OF DIRECTORS

Date :

14TH JAN '2011

Place : NEW DELHI

 SANDIP JHUNJHUNWALA

 MANAGING DIRECTOR