| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2010 |
` in Lacs |
| PARTICULARS |
QUARTER ENDED 31st DECEMBER 2010 |
QUARTER ENDED 31st DECEMBER 2009 |
YEAR TO DATE FIGURES FOR PERIOD ENDED 31st DECEMBER 2010 |
YEAR TO DATE FIGURES FOR PERIOD ENDED 31st DECEMBER 2009 |
YEAR ENDED 31st MARCH 2010" |
| Income |
|
|
|
|
|
| Net Sales/ Income from Operations |
49,558 |
35,952 |
181,695 |
141,935 |
162,476 |
| Other Operating Income |
3,577 |
2,599 |
8,581 |
7,488 |
9,934 |
| Total Income |
53,135 |
38,551 |
190,276 |
149,423 |
172,410 |
| |
|
|
|
|
|
| Expenditure |
|
|
|
|
|
| (Increase)/ decrease in stock in trade and work in progress |
6,934 |
3,539 |
4,453 |
3,073 |
664 |
| Consumption of raw & packing materials |
9,585 |
8,866 |
29,386 |
28,818 |
38,558 |
| Purchase of traded goods |
15,882 |
9,689 |
89,068 |
60,680 |
66,830 |
| Employees cost |
3,870 |
3,440 |
12,447 |
10,721 |
14,112 |
| Depreciation |
879 |
780 |
2,339 |
1,948 |
2,644 |
| Other expenditure |
10,604 |
8,908 |
30,775 |
24,615 |
30,470 |
| Total |
47,754 |
35,222 |
168,468 |
129,855 |
153,278 |
| |
|
|
|
|
|
| Profit from Operations before Other Income and Interest |
5,381 |
3,329 |
21,808 |
19,568 |
19,132 |
| |
|
|
|
|
|
| Other Income |
586 |
363 |
1,612 |
2,053 |
2,525 |
| |
|
|
|
|
|
| Profit before Interest and Exceptional Items |
5,967 |
3,692 |
23,420 |
21,621 |
21,657 |
| |
|
|
|
|
|
| Interest |
254 |
348 |
589 |
870 |
1,145 |
| |
|
|
|
|
|
| Profit after Interest but before Exceptional Items |
5,713 |
3,344 |
22,831 |
20,751 |
20,512 |
| |
|
|
|
|
|
| Exceptional Items : |
|
|
|
|
|
| Demolition and Remediation Expenditure (note no. 3) |
113 |
225 |
246 |
510 |
549 |
| Voluntary Retirement Expenditure |
- |
- |
- |
319 |
319 |
| |
|
|
|
|
|
| Profit from Ordinary Activities before tax |
5,600 |
3,119 |
22,585 |
19,922 |
19,644 |
| |
|
|
|
|
|
| Tax expense (including Deferred Tax) |
2,043 |
982 |
7,718 |
6,843 |
6,919 |
| |
|
|
|
|
|
| Net Profit from Ordinary Activities after tax |
3,557 |
2,137 |
14,867 |
13,079 |
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) |
9.01 |
5.41 |
37.64 |
33.11 |
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 nine months ended 31st December, 2010 are net of estimated returns of ` 3,351 lacs (April - December 2009 ` 2,743 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 health and environmental risks mitigated to generally accepted levels in industrialised countries.
4)
Land costing ` 9,154 Lacs located at Village Balkum, Thane for which approval, to transfer, and/ or otherwise dispose off the whole or substantially the 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. Various options are being evaluated.
5)
There were no investor complaints pending at the beginning and at the end of the quarter. The Company has received one investor's complaint during the quarter and has been resolved.
6) Land and Building costing ` 12,041 Lacs located at Village Balkum, Thane for which approval, to transfer, and/ or otherwise dispose off the whole or substantially the 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 11th February, 2011 and the statutory auditors have carried out a limited review of the results for the quarter ended 31st December, 2010.
8) Previous period's figures have been regrouped wherever necessary. |
Place : Mumbai
Date: 11th February, 2011 |
- By Order of the
Board -
Kaikobad B.
Mistry
Whole-time
Director |
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