MADRAS FERTILIZERS LIMITED
(A Govt. of India Undertaking)
Regd. Office : Manali, Chennai 600 068
UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED DECEMBER 31, 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
  (31/12/2011) (31/12/2010) (31/12/2011) (31/12/2010) (31/03/2011)
   Unaudited  Unaudited  Unaudited  Unaudited Audited
  (1) (2) (3) (4) (5)
               
1 (a) Net Sales/Income from Operations 64144 43728 174766 104256 162283
             
  (b) Other Operating Income          
             
             
             
             
2 Expenditure          
  a. (Increase)/Decrease in Stock in trade 1683 (3756) 1139 (4931) (3509)
  and work in progress          
  b. Consumption of Raw Materials 34326 24299 92396 56504 84597
  c. Purchase of Traded Goods 134 45 338 90 97
  d. Employees Cost 2050 1292 5914 4613 14317
  e. Power, Water & Fuel 16599 11328 46404 30638 43414
  f. Depreciation 1173 1127 3517 3344 4121
  g. Other Expenditure 3775 3158 9959 7946 10318
  h. Total 59740 37493 159667 98204 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) 4404 6235 15099 6052 8928
        25      
4 Other Income 229 347 611 601 1094
      2388      
5 Profit before Interest & Exceptional Items (3+4) 4633 6582 15710 6653 10022
             
6 Interest 1427 1515 4700 4738 5505
             
7 Profit after Interest but before Exceptional Items (5-6) 3206 5067 11010 1915 4517
      0      
8 Exceptional Items          
             
9 Profit (+)/ Loss(-) from Ordinary Activities before tax (7 + 8) 3206 5067 11010 1915 4517
             
10 Tax Expense          
      0      
11 Net Profit (+) / Loss (-) from Ordinary Activities after tax (9 - 10) 3206 5067 11010 1915 4517
             
12 Extraordinary Items (net of tax expense Rs...)   4751 133 4751 12469
             
13 Net Profit (+) / Loss (-) for the period (11+12) 3206 9818 11143 6666 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 1.99 3.15 6.83 1.19 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 1.99 6.09 6.92 4.14 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 Ammonia and Urea Plants were shutdown for 4 days and 5 days respectively during the quarter on account of statutory inspection of Boilers
and other maintenance jobs.
2 The Company has restarted its own production of Complex Fertilizers from 20th October 2011 and produced 23,655 MT during the quarter.
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  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:6, Disposed Off : 6
and Pending at the end of the Quarter:Nil
6 BIFR at its hearing held on August 25, 2011 directed Operating Agency (OA) viz., State Bank of India to finalise and submit a fully tied up Draft 
Rehabilitation Scheme (DRS) after getting due clearances. OA is on the job.
7 Audit observations on the Accounts for 2010-11 and Management clarification thereon stands.
8 The unaudited results have been subjected to Limited Review by Statutory Auditors.
9 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held 
on January 30, 2012.
By Order of the Board
Place:  Chennai     Satish Chandra
Date  :  January 30, 2012                     Chairman & Managing Director