Rei Agro Ltd. Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2012
June 01, 2012 at 08:29 am EDT
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Rei Agro Ltd. reported audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2012. For the fourth quarter, on standalone basis, the company reported net sales/income from operation of INR 15,367.29 million compared to INR 9,762.21 million a year ago. Profit from operations before other income, interest and exceptional items was INR 2,073.30 million compared to INR 2,023.90 million a year ago. Profit from ordinary activities before tax was INR 375.04 million compared to INR 989.30 million a year ago. Net profit was INR 336.43 million or INR 0.31 per diluted share compared to INR 678.12 million or INR 0.63 per diluted share a year ago.
For the full year, on standalone basis, the company reported net sales/income from operation of INR 42,254.84 million compared to INR 37,238.81 million a year ago. Profit from operations before other income, interest and exceptional items was INR 8,043.95 million compared to INR 7,469.28 million a year ago. Profit from ordinary activities before tax was INR 2,831.33 million compared to INR 4,232.24 million a year ago. Net profit was INR 2,262.30 million or INR 2.11 per diluted share compared to INR 2,824.55 million or INR 30.8 per diluted share a year ago.
For the fourth quarter, on consolidated basis, the company reported net sales/income from operation of INR 20,606.96 million compared to INR 14,806.51 million a year ago. Profit from operations before other income, interest and exceptional items was INR 2,734.94 million compared to INR 2,691.04 million a year ago. Profit from ordinary activities before tax was INR 1,023.44 million compared to INR 1,329.62 million a year ago. Net profit was INR 984.83 million or INR 1.01 per diluted share compared to INR 1,238.84 million or INR 1.17 per diluted share a year ago.
For the full year, on consolidated basis, the company reported net sales/income from operation of INR 53,824.01 million, profit from operations before other income, interest and exceptional items of INR 9,688.83, profit from ordinary activities before tax of INR 4,458.33, net profit of INR 3,979.31 or INR 3.72 per diluted share.
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.