Bayer CropScience Limited UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th SEPTEMBER 2010
PARTICULARS	QUARTER ENDED 30th SEPTEMBER 2010	QUARTER ENDED 30th SEPTEMBER 2009	YEAR TO DATE FIGURES FOR PERIOD ENDED 30th SEPTEMBER 2010	YEAR TO DATE FIGURES FOR PERIOD ENDED 30th SEPTEMBER 2009	YEAR ENDED 31st MARCH 2010
	UNAUDITED	UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
Income
Net Sales/ Income from Operations	62,493	48,222	132,137	105,983	162,476
Other Operating Income	2,580	2,473	5,004	4,889	9,934
Total Income	65,073	50,695	137,141	110,872	172,410
Expenditure
(Increase)/ decrease in stock in trade and work in progress	8,113	9,213	(2,481)	(467)	664
Consumption of raw & packing materials	10,892	9,719	19,801	19,952	38,558
Purchase of traded goods	20,724	11,498	73,186	50,991	66,830
Employees cost	4,227	3,547	8,577	7,281	14,112
Depreciation	800	580	1,460	1,168	2,644
Other expenditure	10,873	7,791	20,171	15,707	30,470
Total	55,629	42,348	120,714	94,632	153,278
Profit from Operations before Other Income and Interest	9,444	8,347	16,427	16,240	19,132
Other Income	455	590	1,026	1,690	2,525
Profit before Interest and Exceptional Items	9,899	8,937	17,453	17,930	21,657
Interest	210	369	335	522	1,145
Profit after Interest but before Exceptional Items	9,689	8,568	17,118	17,408	20,512
Exceptional items :
Demolition and Remediation Expenditure (note no. 3)	47	108	133	286	549
Voluntary Retirement Expenditure	-	319	-	319	319
Profit from Ordinary Activities before tax	9,642	8,141	16,985	16,803	19,644
Tax expense (including Deferred Tax)	3,243	2,799	5,675	5,861	6,919
Net Profit from Ordinary Activities after tax	6,399	5,342	11,310	10,942	12,725
Paid-up Equity Share Capital (Face Value Rs. 10)	3,950	3,950	3,950	3,950	3,950
Reserves excluding Revaluation Reserve					52,029
Earning per share (basic & diluted) (not annualised)	16.20	13.52	28.63	27.70	32.22
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%
Promoters and Promoter Group Shareholding
Pledged/ Encumbered
- Number of shares	Nil	Nil	Nil	Nil	Nil
- Percentage of shares (as a % of total shareholding of promoter and promoter group)	N.A.	N.A.	N.A.	N.A.	N.A.
- Percentage of shares (as a % of total share capital of the Company)	N.A.	N.A.	N.A.	N.A.	N.A.
Non-Encumbered
- Number of shares	28,086,662	28,086,662	28,086,662	28,086,662	28,086,662
- Percentage of shares (as a % of total shareholding of promoter and promoter group)	100%	100%	100%	100%	100%
- Percentage of shares (as a % of total share capital of the Company)	71.11%	71.11%	71.11%	71.11%	71.11%
Notes:
1. The Company has only one reportable business segment, i.e. "Agri Care". The Company’s business is seasonal in nature and hence quarterly figures are not representative of the  full year's performance.
2. Consistent with past practice, Sales for the six months ended 30th September, 2010 are net of estimated returns of ` 3,687 lacs (April - September 2009 ` 4,123 lacs), in respect  of seasonal sales, which, in Management's opinion, may need to be reviewed dependent on future circumstances. Sales returns are accounted at actuals at the financial year end.
3. The Bayer Companies worldwide place great importance on protecting the environment and conserving natural resources. Pursuant to the cessation of manufacturing activities at Thane, the Company has incurred expenses towards Demolition and Remediation activities. These ongoing activities will allow the Thane Site to be left in a safe state with human an health and environmental risks mitigated to generally accepted levels in industrialised countries.
4.There were no investor complaints pending at the beginning and at the end of the quarter. The Company has received three investor's complaints during the quarter and have been resolved.
5. Statement of Assets and Liabilities
		` in Lacs
PARTICULARS	AS ON 30th SEPTEMBER 2010	AS ON 30th SEPTEMBER 2009
	UNAUDITED	UNAUDITED
SHAREHOLDERS' FUNDS
a) Share Captial	3,950	3,950
b) Reserves and Surplus	63,338	52,087
LOAN FUNDS	18,297	24,672
TOTAL	85,585	80,709
FIXED ASSETS (note no. 6)	34,201	30,205
INVESTMENTS	21	21
DEFERRED TAX ASSET (NET)	1,106	1,399
CURRENT ASSETS, LOANS AND ADVANCES
a) Inventories	35,987	32,794
b) Sundry Debtors	54,840	47,652
c) Cash and Bank balances	4,599	4,956
d) Loans and Advances	7,896	7,949
Less: CURRENT LIABILITIES AND PROVISIONS
a) Current Liabilities	49,445	41,829
b) Provisions	3,620	2,438
TOTAL	85,585	80,709
6. Fixed Assets include Land costing ` 9,154 Lacs located at Village Balkum, Thane for which approval, to transfer, and/ or otherwise dispose off the whole or substantiallythe whole/ part of the Land with or without assets attached thereto, is obtained from the Board of Directors on 19th July, 2010 and the Shareholders of the Company through postal ballot on 20th September, 2010.
7.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 25th October, 2010  and the statutory auditors have carried out a limited review of the results for the quarter ended 30th September, 2010
8. Previous period's figures have been regrouped wherever necessary.
Place : Mumbai Date : 25th October, 2010			By Order of the Board
			Kaikobad B. Mistry   Whole-time Director