| Bayer
CropScience Limited
UNAUDITED FINANCIAL
RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER, 2008
|
| Rs. in Lacs |
| PARTICULARS |
THREE
MONTHS
ENDED
30th SEPTEMBER
2008
|
CORRESPONDING
THREE MONTHS
ENDED
30th SEPTEMBER 2007
IN THE PREVIOUS
YEAR |
YEAR
TO DATE
FIGURES FOR
THE PERIOD
ENDED
30th SEPTEMBER
2008 |
YEAR TO DATE
FIGURES FOR
THE PREVIOUS
YEAR FROM 1st
JANUARY 2007
TO 30th SEPTEMBER
2007 |
PREVIOUS
ACCOUNTING
PERIOD FROM
1st JANUARY 2007
TO 31st MARCH
2008 |
| Income |
|
. |
. |
|
|
| Net Sales/
Income from Operations |
41,596 |
35,237 |
89,097 |
78,950 |
116,335 |
| Other Income |
1,918
|
1,552 |
3,955 |
4,210 |
7,497 |
| Total Income |
43,514
|
36,789 |
93,052 |
83,160 |
123,832 |
| |
| Expenditure
|
| (Increase)/ Decrease
in Stock in Trade and Work in Progress |
3,109 |
2,001 |
(5,372) |
(3,324) |
(1,065) |
| Consumption of Raw
Materials |
12,215 |
7,475 |
19,880 |
19,235 |
31,781 |
| Purchase of traded
goods |
10,154 |
12,023 |
44,203 |
37,076 |
46,518 |
| Employees cost |
3,234 |
2,305 |
6,327 |
6,442 |
12,217 |
| Depreciation |
567 |
513 |
1,153 |
1,536 |
2,612 |
|
Impairment loss of fixed assets (net)
|
-
|
- |
. |
- |
16 |
| Other Expenditure |
6,836 |
5,186 |
14,437 |
14,526 |
25,563 |
| Total Expenditure |
36,115 |
29,503 |
80,628 |
75,491 |
117,642 |
| |
|
|
. |
|
|
| Profit from Operations before Other Income,
Interest and Exceptional Items |
7,399 |
7,286 |
12,424 |
7,669 |
6,190 |
| |
. |
|
. |
|
|
| Other Income |
786 |
569 |
1,282 |
1,527 |
2.304 |
| |
. |
. |
. |
. |
. |
| Profit before Interest and Exceptional Items |
8,185 |
7,855 |
13,706 |
9,196 |
8,494 |
| |
|
|
. |
|
|
| Interest |
279 |
103 |
411 |
288 |
589 |
| |
|
|
. |
|
|
| Profit after interest but before exceptional
Items |
7,906 |
7,752 |
13,295 |
8,908 |
7,905 |
| |
|
|
. |
|
|
| Exceptional Items (net) |
- |
2,780 |
- |
839 |
1,110 |
| |
. |
. |
.. |
. |
. |
Profit from
Ordinary Activities before tax
|
7,906 |
7,752 |
13,295 |
8,069 |
6,795 |
| |
|
|
. |
|
|
Tax Expense (including Deferred Tax and Fringe Benefit
Tax)
|
2,800 |
1,663 |
4,715 |
2,431 |
1,885 |
| |
|
|
. |
|
|
Net Profit from Ordinary Activities after
tax
|
5,106 |
3,309 |
8,580 |
5,638 |
4,910 |
|
.
|
.
|
. |
.
|
.
|
Paid up Equity Share Capital (Face Value Rs. 10)
|
3,950
|
3,950
|
3,950
|
3,950
|
3,950
|
| . |
.
|
.
|
. |
.
|
.
|
Reserves excluding Revaluation Reserve
as per Balance sheet of previous accounting year
|
- |
- |
- |
- |
32,994 |
.
|
.
|
.
|
. |
.
|
.
|
Earning Per Share (basic
& diluted) (not annualised)
|
12.93
|
8.38 |
21.72 |
14.27 |
12.43 |
| Public Shareholding.
|
| Number of shares |
11,412,085
|
11,412,085
|
11,412,085 |
11,412,085
|
11,412,085
|
| Percentage of shareholding (%) |
28.89%
|
28.89%
|
28.89% |
28.89%
|
28.89%
|
| Notes:
1. The above results have been reviewed and recommended
by the Audit Committee and approved by the Board of
Directors of the Company at its meeting held on 21st
October, 2008 and the statutory auditors have carried
out a limited review of the results for the quarter
and six months ended 30th September, 2008.
2. In accordance with the past practice consistently
followed, Sales for the six months ended 30th September,
2008 are net of estimated returns of Rs. 2,626 lacs
(Jan - September 2007 Rs. 1,260 lacs), in respect
of seasonal sales which in Management's opinion, may
need to be reviewed dependant on future circumstances.
Further, sales returns are accounted at actuals at
the financial year end.
3. Exceptional Items for -
(a) the quarter and nine months ended 30th September,
2007 includes Rs. 2,780 lacs and the fifteen months
ended 31st March, 2008 includes Rs. 3,050 lacs on
account of Voluntary Retirement offered to and accepted
by 109 and 119 employees at Thane respectively.
(b) the nine months ended 30th September, 2007 and
fifteen months ended 31st March, 2008, includes profit
of Rs. 1,555 lacs and Rs. 385 lacs on sale of equity
shares in Bayer Diagnostics India Limited and Bayer
Polychem (India) Limited, respectively
4. The Company has only one reportable
business segment, i.e. “Agri Care”.
5. There were no investor complaints pending at the
beginning and at the end of the quarter. During the
quarter, no investor complaints were received.
6. The previous accounting year being fifteen months
ended 31st March, 2008, year to date figures for current
period are six months while previous period's figures
are for nine months and hence, such figures are not
comparable.
7. Previous period’s figures
have been regrouped wherever necessary.
|
Place: New Delhi
Date: 21st October, 2008
|
By Order of the
Board
Kaikobad B. Mistry
Director |
|
