REI Agro Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2012
November 12, 2012 at 12:05 pm EST
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REI Agro Limited announced unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2012. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 17,715.904 million compared to INR 10,564.616 million a year ago. Profit from operations before other income, interest & exceptional items was INR 2,358.260 million compared to INR 2,227.650 million a year ago. Profit from ordinary activities before tax was INR 1,259.890 million compared to INR 860.013 million a year ago. Net profit was INR 1,345.810 million or INR 1.28 per diluted share compared to INR 763.293 million or INR 0.73 per diluted share for the same period a year ago.
For the six months, on consolidated basis, the company reported net sales/income from operations of INR 37,533.928 million compared to INR 18,410.544 million a year ago. Profit from operations before other income, interest & exceptional items was INR 4,684.181 million compared to INR 4,404.001 million a year ago. Profit from ordinary activities before tax was INR 1,591.480 million compared to INR 2,105.068 million a year ago. Net profit was INR 1,671.003 million or INR 1.58 per diluted share compared to INR 1,665.429 million or INR 1.56 per diluted share for the same period a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations of INR 9,884.627 million compared to INR 9,016.436 million a year ago. Profit from operations before other income, interest & exceptional items was INR 1,656.755 million compared to INR 1,993.771 million a year ago. Profit from ordinary activities before tax was INR 623.077 million compared to INR 626.135 million a year ago. Net profit was INR 708.997 million or INR 0.66 per diluted share compared to INR 529.415 million or INR 0.51 per diluted share for the same period a year ago.
For the six months, on standalone basis, the company reported net sales/income from operations of INR 24,965.131 million compared to INR 16,862.363 million a year ago. Profit from operations before other income, interest & exceptional items was INR 3,658.592 million compared to INR 4,170.120 million a year ago. Profit from ordinary activities before tax was INR 653.295 million compared to INR 1,871.188 million a year ago. Net profit was INR 732.818 million or INR 0.68 per diluted share compared to INR 1,431.549 million or INR 1.34 per diluted share for the same period a year ago.
REI Agro Limited is engaged in rice milling. The Company is primarily in the business of manufacturing and trading of food grains (mainly rice). The Company is engaged in the processing of Basmati rice. The Company markets its products under the brand name Raindrops. The Company offers a range of brands, such as Raindrops Extra Long Grain, Raindrops Gold Supreme, Raindrops Gold Royal, Raindrops Gold Super, Raindrops Supreme, Raindrops Royal, Raindrops Select, Raindrops Super, Raindrops Popular, Raindrops Daily and Raindrops Rozana. Its manufacturing units are located at Rewari, Haryana. It dries paddy and processes it with dryers before it is processed. The Company has its wind farms for power generation in the states of Rajasthan, Maharashtra, Tamil Nadu and Gujarat with a total installed capacity of approximately 46.1 megawatts. The Company markets its products to various states, such as Delhi, Uttar Pradesh, Haryana, Andhra Pradesh and Karnataka.