MADRAS FERTILIZERS LIMITED
(A Govt. of India Undertaking)
Regd. Office : Manali, Chennai 600 068
UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED SEPTEMBER 30, 2011
(` in lakhs) 
Particulars 3 months ended  Corresponding 3 months ended in the previous year Year to date figures for current period ended Year to date figures for the previous year ended Previous accounting    year          ended
  (30/09/2011) (30/09/2010) (30/09/2011) (30/09/2010) (31/03/2011)
   Unaudited  Unaudited  Unaudited  Unaudited Audited
  (1) (2) (3) (4) (5)
               
1 (a) Net Sales/Income from Operations 55759 25154 110622 60528 162283
             
  (b) Other Operating Income          
             
             
             
             
2 Expenditure          
  a. (Increase)/Decrease in Stock in trade (77) 227 (544) (1175) (3509)
  and work in progress          
  b. Consumption of Raw Materials 28751 13445 58070 32205 84597
  c. Purchase of Traded Goods 177 27 204 45 97
  d. Employees Cost 1926 1244 3864 3321 14317
  e. Power, Water & Fuel 14888 8227 29805 19310 43414
  f. Depreciation 1172 1127 2344 2217 4121
  g. Other Expenditure 3306 2883 6184 4788 10318
  h. Total 50143 27180 99927 60711 153355
    (Any item exceeding 10% of the total expenditure to be shown separately)          
             
3 Profit from Operations before Other Income, Interest & Exceptional Items (1-2) 5616 (2026) 10695 (183) 8928
        25      
4 Other Income 221 114 382 254 1094
      2388      
5 Profit before Interest & Exceptional Items (3+4) 5837 (1912) 11077 71 10022
             
6 Interest 1636 1334 3273 3223 5505
             
7 Profit after Interest but before Exceptional Items (5-6) 4201 (3246) 7804 (3152) 4517
      0      
8 Exceptional Items          
             
9 Profit (+)/ Loss(-) from Ordinary Activities before tax (7 + 8) 4201 (3246) 7804 (3152) 4517
             
10 Tax Expense          
      0      
11 Net Profit (+) / Loss (-) from Ordinary Activities after tax (9 - 10) 4201 (3246) 7804 (3152) 4517
             
12 Extraordinary Items (net of tax expense Rs...) 133   133   12469
             
13 Net Profit (+) / Loss (-) for the period (11+12) 4334 (3246) 7937 (3152) 16986
             
14 Paid-up equity share capital 16110 16110 16110 16110 16110
  (Face value Rs 10 per share)          
             
15 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 1239 1239 1239 1239 1239
             
16 Earnings Per Share (EPS)          
  a) Basic and diluted EPS before Extraordinary 2.61 (2.01) 4.84 (1.96) 2.80
  items for the period, for the year to date and
  for the previous year (not to be annualized)
  b) Basic & diluted EPS after Extraordinary 2.69 (2.01) 4.93 (1.96) 10.54
  items for the period, for the year to date and
    for the previous year (not to be annualised)
             
17 Public Shareholding          
  - Number of Shares  23733100 23733100 23733100 23733100 23733100
  - Percentage of Shareholding 14.73 14.73 14.73 14.73 14.73
18 Promoters and promoter group  Shareholding           
  a) Pledged/ Encumbered           
  - Number of shares Nil Nil Nil Nil Nil
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) Nil Nil Nil Nil Nil
  - Percentage of shares (as a % of the total share capital of the company) Nil Nil Nil Nil Nil
  b)  Non-encumbered          
  - Number of Shares 137368200 137368200 137368200 137368200 137368200
  - Percentage of shares (as a% of the total shareholding of promoter and promoter group) 100 100 100 100 100
  - Percentage of shares (as a % of the total share capital of the company) 85.27 85.27 85.27 85.27 85.27
               
Note
1 The Company has launched trading of VIJAY organic manure in July 2011 and sold 2,031 MT during the quarter.
2 The Company completed payment under One Time Settlement (OTS) with LIC Housing Finance Ltd. and the benefit amounting to ` 1.33 Cr 
on account of OTS  is accounted as Extra Ordinary item during the quarter on full settlement.
3 Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue.   Further, the  
Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment.   
Hence, there is no requirement of segment reporting for the Company as per AS 17 (Segment Reporting).
4 In view of the carry forward losses and allowances available for set off, provision for current tax is not considered necessary.  Also, as a 
prudent policy no deferred tax asset has been recognized per AS 22 (Accounting for Taxes on Income).
5 Details of Investors complaints and services during the quarter:  Pending at the beginning of the Quarter: Nil, Received: 15, Disposed Off: 15
and Pending at the end of the Quarter: Nil
6 Audit observations on the Accounts for 2010-11 and Management clarification thereon stands.
7 The unaudited results have been subjected to Limited Review by Statutory Auditors.
8 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting 
held on October 19, 2011.
By Order of the Board
Date :   October 19, 2011      Satish Chandra
Place:   New Delhi                     Chairman & Managing Director