REI Agro Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
February 14, 2013 at 08:49 am EST
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REI Agro Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported net sales of INR 28,217.378 million against INR 14,806.505 million a year ago. Profit from operations before other income, interest and exceptional items was INR 4,595.113 million against INR 2,847.159 million a year ago. Profit from ordinary activities before tax was INR 2,777.719 million against INR 1,329.617 million a year ago. Net profit for the period was INR 2,496.288 million against INR 1,238.844 million a year ago. Diluted earnings per share were INR 2.33 against INR 1.17 a year ago.
For the nine months, on consolidated basis, the company reported net sales of INR 65,751.306 million against INR 33,217.049 million a year ago. Profit from operations before other income, interest and exceptional items was INR 9,279.294 million against INR 7,250.162 million a year ago. Profit from ordinary activities before tax was INR 4,369.199 million against INR 3,434.886 million a year ago. Net profit for the period was INR 4,167.291 million against INR 2,904.474 million a year ago. Diluted earnings per share were INR 3.92 against INR 2.72 a year ago.
For the quarter, on standalone basis, the company reported net sales of INR 12,822.907 million against INR 10,025.194 million a year ago. Profit from operations before other income, interest and exceptional items was INR 2,602.793 million against INR 2,097.993 million a year ago. Profit from ordinary activities before tax was INR 981.373 million against INR 585.097 million a year ago. Net profit for the period was INR 699.942 million against INR 494.324 million a year ago. Diluted earnings per share were INR 0.65 against INR 0.46 a year ago.
For the nine months, on standalone basis, the company reported net sales of INR 37,788.038 million against INR 26,887.557 million a year ago. Profit from operations before other income, interest and exceptional items was INR 6,261.385 million against INR 6,266.915 million a year ago. Profit from ordinary activities before tax was INR 1,634.668 million against INR 2,456.285 million a year ago. Net profit for the period was INR 1,432.760 million against INR 1,925.873 million a year ago. Diluted earnings per share were INR 1.33 against INR 1.80 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.
REI AGRO LIMITED 