25th Jan 2008 14:39
REI Agro Limited25 January 2008 REI AGRO LIMITED REGD. OFFICE 46C, CHOWRINGHEE ROAD, "EVEREST HOUSE", KOLKATA-71. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2007 (RS. IN LACS) SL. PARTICULARS QTR. QTR. NINE MONTHS NINE YEAR ENDED NO. ENDED ENDED ENDED MONTHS 31.03.2007 31.12.2007 31.12.2006 31.12.2007 ENDED (AUDITED) 31.12.2006 INCOME 1 NET SALES/INCOME FROM OPERATION 45,575.85 24,072.67 122,566.36 71,639.20 108,514.89 2 OTHER INCOME 18.96 - 37.12 2.25 18.73 3 TOTAL INCOME 45,594.81 24,072.67 122,603.48 71,641.45 108,533.62 4 EXPENDITURE A) (INCREASE)/DECREASE IN STOCK IN TRADE (5,710.32) (8,242.52) (19,882.51) 1,496.30 8,629.40 B) CONSUMPTION OF RAW MATERIALS 34,975.47 25,134.67 97,288.85 51,849.55 66,761.41 C) PURCHASE OF TRADED GOODS 3,644.08 - 13,946.66 - 6,354.75 D) EMPLOYEES COST 554.74 304.65 1,173.72 686.40 918.97 E) DEPRECIATION 559.03 369.00 1,509.54 1,139.21 1,555.70 D) OTHER EXPENDITURE 3,280.30 786.88 6,642.35 2,718.97 5,984.78 TOTAL EXPENDITURE 37,303.29 18,352.68 100,678.60 57,890.43 90,205.01 5 INTEREST/FINANCE COST 5,283.44 1,882.34 11,604.13 4,459.71 7,724.34 42,586.73 20,235.02 112,282.73 62,350.14 97,929.35 6 PROFIT(+)/LOSS(-) FROM ORDINARY ACTIVITIES BEFORE TAX 3,008.08 3,837.65 10,320.75 9,291.31 10,604.27 7 PROVISION FOR TAXATION-CURRENT 360.18 436.12 1,634.78 1,048.02 1,485.61 8 PROVISION FOR FRINGE BENEFIT TAX 3.00 10.00 10.00 15.70 10.68 9 PROFIT BEFORE DEFERRED TAX 2,644.90 2,246.05 8,675.97 8,227.59 9,107.98 9 PROVISION FOR TAXATION-DEFERRED - 861.17 - 2,084.97 - 10 NET PROFIT (+)/LOSS(-) FOR THE PERIOD 2,644.90 2,530.36 8,675.97 6,142.62 9,107.98 11 PAID UP EQUITY SHARE CAPITAL 4,817.17 4,072.16 4,817.17 4,072.16 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 5.40 6.38 21.44 15.43 22.30 - DILUTED 20.62 15 PUBLIC SHARE HOLDING NO OF SHARES 31,448,517 23,998,407 31,448,517 23,998,407 28,193,370 PERCENTAGE OF SHAREHOLDING 65.28 58.93 65.28 58.93 62.77 SEGMENT WISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT SL.NO. PARTICULARS QTR. QTR. NINE MONTH NINE YEAR ENDED ENDED ENDED ENDED MONTHS 31.03.2007 31.12.2007 31.12.2006 31.12.2007 ENDED (AUDITED) 31.12.2006 1 Segment Revenue (net sale/ income from each segment should be disclosed under this head) a) Segment Rice 40,927.70 23,170.94 111,695.88 68,959.34 105,148.67 b) Segment Wind Farm & Others 124.14 901.73 1,626.28 2,679.86 3,366.22 c) Segment Retail 4,524.02 - 9,244.21 - - Total 45,575.85 24,072.67 122,566.36 71,639.20 108,514.89 Less: Inter Segment Revenue - - - - - Net Sales/Income from operations 45,575.85 24,072.67 122,566.36 71,639.20 108,514.89 2 Segment Results (Profit) (+)/ Loss (-) before Tax and Interest from each Segment a) Segment Rice 8,243.12 5,648.23 20,801.81 12,869.17 16,990.15 b) Segment Wind Farm & Others (213.31) 71.76 562.25 879.60 1,319.73 c) Segment Retail 242.75 - 523.70 - - Results 8,272.57 5,719.99 21,887.77 13,748.77 18,309.88 Less: i) Interest 5,283.44 1,882.34 11,604.13 4,459.71 7,724.34 ii) Other unallocable expenditure net (18.96) - (37.12) (2.25) (18.73) off unallocable income Total Profit before Tax 3,008.08 3,837.65 10,320.75 9,291.31 10,604.27 3 Capital Employed (Segment Assets - Segment Liabilities) a) Segment Rice 51,887.78 42,144.70 51,887.78 42,144.70 45,577.37 b) Segment Wind Farm & Others 7,221.71 5,982.48 7,221.71 5,982.48 7,687.63 c) Segment Retail 7,147.55 - 7,147.55 - - c) Unallocable (8,817.96) (7,110.53) (8,817.96) (7,110.53) (7,050.49) Total 57,439.09 41,016.65 57,439.09 41,016.65 46,214.51NOTES 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 25TH JANUARY, 2007 2 THE ABOVE RESULTS ARE SUBJECT TO LIMITED REVIEW BY STATUTORY AUDITORS. 3 DURING THE QUARTER 2,16,049 EQUITY SHARES OF RS. 10 EACH WERE ALLOTED @ RS 120.75 PER SHARE ON CONVERSION OF 60 FCCB'S OF USD 10,000 EACH 4 AS PER THE HON'BLE KOLKATA HIGH COURT ORDER , THE COMPANY HAS CHARGED RS. 925.72 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 : 25TH JANUARY 2007 FOR AND ON BEHALF OF THE BOARD OF DIRECTORS Place : NEW DELHI SANDIP JHUNJHUNWALA MANAGING DIRECTOR This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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