Bayer
CropScience Limited
AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED ON MARCH 31, 2010 |
Rs. in Lacs |
Particulars |
THREE MONTHS ENDED 31st MARCH 2010
|
CORRESPONDING THREE MONTHS ENDED 31st MARCH 2009 IN THE PREVIOUS YEAR
|
YEAR TO DATE FIGURES FOR ACCOUNTING YEAR ENDED 31st MARCH 2010
|
PREVIOUS ACCOUNTING YEAR ENDED 31st MARCH 2009 |
| . |
UNAUDITED |
UNAUDITED |
AUDITED |
AUDITED |
| Income |
. |
. |
. |
. |
| . |
. |
. |
. |
. |
| Net Sales/ Income from Operations |
20,541 |
21,921 |
162,476 |
139,400 |
| Other Operating Income |
2,446 |
2,442 |
9,934 |
8,859 |
| Total Income |
22,987 |
24,363 |
172,410 |
148,259 |
| . |
. |
. |
. |
. |
| Expenditure |
. |
. |
. |
. |
| . |
. |
. |
. |
. |
| (Increase)/
decrease in stock in trade and work in progress |
(867) |
(2,555) |
664 |
(6,223) |
| Consumption of raw materials |
9,081 |
8,871 |
38,558 |
38,943 |
| Purchase of traded goods |
5,267 |
7,853 |
66,830 |
56,463 |
| Employees cost |
3,391 |
3,348 |
14,112 |
13,434 |
| Depreciation |
696 |
639 |
2,644 |
2,399 |
| Other expenditure |
5,855 |
5,943 |
30,470 |
28,633 |
| Total |
23,423 |
24,099 |
153,278 |
133,649 |
| .. |
. |
. |
. |
. |
| Profit from Operations before Other Income and Interest |
(436) |
264 |
19,132 |
14,610 |
| . |
. |
. |
. |
. |
| Other Income |
472 |
367 |
2,525 |
2,156 |
| . |
. |
. |
. |
. |
| Profit before Interest
and Exceptional Items |
36 |
631 |
21,657 |
16,766 |
| . |
. |
. |
. |
. |
| Interest |
275 |
235 |
1,145 |
1,080 |
| . |
. |
. |
. |
. |
| Profit after Interest
but before Exceptional Items |
(239) |
396 |
20,512 |
15,686 |
| . |
. |
. |
. |
. |
| Exceptional items (net) |
39 |
93 |
868 |
603 |
| Demolition
and Remediation Expenditure |
39 |
93 |
549 |
603 |
| Voluntary
Retirement Expenditure |
- |
- |
319 |
- |
| |
|
|
|
|
| Profit from Ordinary
Activities before tax |
(278) |
303 |
19,644 |
15,083 |
| . |
. |
. |
. |
. |
| Tax expense (including Deferred
Tax & Fringe Benefit Tax) |
76 |
99 |
6,919 |
5,637 |
| . |
. |
. |
. |
. |
| Net Profit from Ordinary
Activities after tax |
(354) |
204 |
12,725 |
9,446 |
| . |
. |
. |
. |
. |
| Extraordinary items (net
of tax expense) |
- |
- |
- |
- |
| . |
. |
. |
. |
. |
| Net Profit/ (Loss)
for the period |
(354) |
1,977 |
12,725 |
9,446 |
| . |
. |
. |
. |
. |
| Paid-up Equity Share Capital
(Face Value Rs. 10) |
3,950 |
3,950 |
3,950 |
3,950 |
| Reserves excluding Revaluation
Reserve |
. |
. |
52,029 |
41,146 |
| Number of Equity Shares (Face
Value of Rs. 10) |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
| . |
. |
. |
. |
. |
| Earning Per Share (basic
& diluted) |
(0.73) |
5.08 |
33.67 |
25.44 |
| [excluding exceptional items
(net of tax)] |
. |
. |
. |
. |
| Earning per share (basic
& diluted) (not annualised) |
(0.89) |
0.52 |
32.22 |
23.91 |
| . |
.. |
. |
. |
. |
| Public Shareholding |
. |
. |
. |
. |
| Number of shares |
11,412,085 |
11,412,085 |
11,412,085 |
11,412,085 |
| Percentage of shareholding (%) |
28.89% |
28.89% |
28.89% |
28.89% |
| . |
. |
. |
. |
. |
| Promoters and Promoter
Group Shareholding |
. |
. |
. |
. |
| Pledged/ Encumbered |
. |
. |
. |
. |
| - Number of shares |
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. |
| -
Percentage of shares (as a % of total share capital
of the company) |
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 |
| -
Percentage of shares (as a % of total shareholding of
promoter and promoter group) |
100% |
100% |
100% |
100% |
| -
Percentage of shares (as a % of total share capital
of the company) |
71.11% |
71.11% |
71.11% |
71.11% |
| . |
. |
. |
. |
. |
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 28th May, 2010.
2 The Board of Directors has recommended a dividend of Rs. 4.0 per share for the year ended 31st March, 2010 (Previous Year Rs. 2.8 per share) amounting to Rs. 1,580 lacs (Previous Year Rs. 1,106 lacs) for 39,498,747 Equity Shares of Rs. 10 each.
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, till date the Company has incurred Rs. 549 lacs during the year 2009-10 (Previous Year Rs. 603 lacs) 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. 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.
There were no complaints received from any investor during the quarter.
6. Previous period's
figures have been regrouped wherever necessary.
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|
Place: Mumbai
Date :28th May, 2010
|
By Order of the Board
Kaikobad B. Mistry
Whole-time Director |
|
