Unaudited Financial Results (Provisional)
for the quarter ended 31/12/2008

Sl.No Particulars Stand-alone Results Consolidated results
Unaudited Audited Unaudited Audited
Quarter ended Nine months ended Year Ended Quarter ended Nine months ended Year Ended
December 31, 2008 December 31, 2007 December 31, 2008 December 31, 2007 March 31, 2008 December 31, 2008 December 31, 2007 December 31, 2008 December 31, 2007 March 31, 2008
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX) (X) (XI) (XII)
(1) (a) Net sales/Income from operations 3,726.25 956.34 8,518.12 3,172.91 3,757.34 3,726.25 956.36 8,518.12 3,172.91 3,757.34
(b) Other operating income 12.41 6.59 37.18 15.57 35.63 12.28 6.53 37.05 15.52 36.07
  Total 3,738.66 962.93 8,555.30 3,188.48 3,792.97 3,738.53 962.89 8,555.17 3,188.43 3,793.41
(2) Expenditure                    
(a) (Increase)/Decrease in stock in trade and work in progress 297.15 (23.87) (74.42) 146.95 65.70 297.15 (23.87) (74.42) 146.95 65.78
(b) Consumption of raw materials 2,916.91 696.52 6,482.65 2,122.27 2,597.78 2,916.91 696.52 6,482.65 2,122.27 2,597.78
(c) Purchase of traded goods 103.73 14.80 931.97 89.89 137.12 103.70 14.80 931.97 89.89 137.12
(d) Employee costs 32.36 24.92 90.43 71.46 97.66 32.41 24.93 90.48 71.51 97.72
(e) Depreciation 13.58 16.84 39.09 40.34 52.13 13.60 16.86 39.15 40.40 52.21
(f) Other expenditure 172.19 106.72 446.85 349.15 446.47 172.33 106.59 447.02 348.88 446.16
(g) Total 3,535.92 835.93 7,916.57 2,820.06 3,396.86 3,536.10 835.83 7,916.85 2,819.90 3,396.77
(3) Profit from operations before other income, interest and exceptional items 202.74 127.00 638.73 368.42 396.11 202.43 127.06 638.32 368.53 396.64
(4) Other income 27.35 1.85 41.83 3.33 7.14 27.44 1.85 41.83 3.33 7.14
(5) Profit before interest and exceptional items 230.09 128.85 680.56 371.75 403.25 229.87 128.91 680.15 371.86 403.78
(6) Interest 21.27 14.02 56.87 51.51 69.83 22.39 14.02 59.19 51.61 69.85
(7) Profit after interest but before exceptional Items 208.82 114.83 623.69 320.24 333.42 207.48 114.89 620.96 320.25 333.93
(8) Exceptional items (Refer Note 5) 0 0 0158.59 0 0 0 0 158.59 0 0
(9) Profit/(Loss) from ordinary activities before tax 208.82 114.83 782.28 320.24 333.42 207.48 114.89 779.55 320.25 333.93
(10) Tax expense 76.24 39.76 273.43 113.84 123.66 76.24 39.76 273.43 113.84 123.84
(11) Net Profit/(Loss) for the period 132.58 75.07 508.85 206.40 209.76 131.24 75.13 506.12 206.41 210.09
(12) Paid-up equity share capital
(Face value - Rs.2 per equity share)		 27.98 25.57 27.98 25.57 27.98 27.98 25.57 27.98 25.57 27.98
(13) Reserves excluding revaluation reserves as per Balance Sheet of previous accounting year 0 0 0 0 766.46 0 0 0 0 767.52
(14) Earnings per share

(for the period - not annualised)

                    
  - Basic (Rs.) 9.48 5.87 36.37 16.14 14.99 9.38 5.88 36.18 16.14 15.02
  - Diluted (Rs.) 9.43 5.40 36.18 14.84 14.94 9.33 5.40 35.98 14.84 14.96
(15) Public Shareholding                    
  - Number of shares 50,731,828 38,750,146 50,731,828 38,750,146 50,787,328 50,731,828 38,750,146 50,731,828 38,750,146 50,787,328
  - Percentage of shareholding 36.26% 30.31% 36.26% 30.31% 36.30% 36.26% 30.31% 36.26% 30.31% 36.30%

Note:

  1. The above financial results are drawn in accordance with the accounting policies consistently adopted by the Company.
  2. The results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on January 22, 2009.
  3. The auditors have carried out a Limited review of the stand-alone and consolidated results of the Company for the quarter and nine months ended December 31, 2008.
  4. The board of directors at their meeting held on January 22, 2009 have approved an interim dividend of Rs.6/- per share (300% on face value of Rs.2/- per share).
  5. Net Sales /income from operations' include subsidy income which has been recognised having regard to the management's understanding of the subsidy scheme for the period for which notification has been issued and based on management estimate for the subsequent period. Necessary adjustments to such estimates will be made on announcement of final notification.
  6. Exceptional item represents income received as per the terms of the Business Assistance Agreement entered into with Foskor Pty Limited, South Africa.
  7. During the current quarter, the company has invested an amount of Rs. 26.57 crores (Rs. 61.73 crores during the nine months ended December 31, 2008) towards further investment in the equity share capital of 'Tunisian Indian Fertilisers S.A. (TIFERT), Tunisia.
  8. The Company, its joint venture (Coromandel Getax Phosphates Pte Ltd) and one of its subsidiary companies (Parry Chemicals Ltd) are primarily engaged in the farm inputs business, which in the context of Accounting Standard 17, is considered the only business segment. In respect of investment activity of one of its other subsidiary company (Coromandel Mauritius Limited ) and the retail business of the Company, since these are not material, disclosure of business segment information is not considered necessary at this stage.
  9. During the current quarter, 1 investor complaint was received and resolved. There was one investor complaint pending at the beginning of the quarter and none at the end of the quarter.
  10. Figures of the previous quarters/period have been regrouped and reclassified, wherever considered necessary.

Place : Secunderabad

Dated: January 22, 2009

V. Ravichandran

Managing Director

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