MONSANTO INDIA LIMITED

Regd.Office: Ahura Centre, 5th Floor, 96, Mahakali Caves Road, Andheri (East), Mumbai - 400 093.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2004

SR. NO. PARTICULARS QUARTER ENDED ON 30.09.2004 (UNAUDITED) QUARTER ENDED ON 30.09.2003 (UNAUDITED) HALF YEAR ENDED 30.09.2004 (UNAUDITED) HALF YEAR ENDED 30.09.2003 (UNAUDITED) YEAR ENDED 31.3.2004 (AUDITED) 1 Sales (Net of Excise Duty) 5207 3409 22474 16004 33330 2 Other Income 270 213 575 468 994   TOTAL INCOME 5477 3622 23049 16472 34324 3 Total Expenditure:             a. (Increase)/Decrease in stock in trade 1080 2832 4306 2471 (950)   b. Consumption of Materials 1221 1103 5670 4887 13627   c. Staff Cost 480 419 946 843 1636   d. Other Expenditure:             - Purchase of Finished Goods (118) (2587) 3414 1764 3874   - Others 1488 1211 3845 3068 6941   TOTAL EXPENDITURE 4151 2978 18181 13033 25128 4 Interest 8 6 15 7 20 5 Depreciation 202 243 399 433 843 6 Profit before tax (1+2-3-4-5) 1116 395 4454 2999 8333 7 Provision for Taxation:             - Current Tax 0 25 440 155 1472   - Deferred Tax charge/(credit) 10 (3) (14) (6) (69) 8 Net Profit after tax (6-7) 1106 373 4028 2850 6930 9 Paid-up Equity Share Capital (face value of Rs.10/- per share) 863 863 863 863 863 10 Free Reserves (excluding revaluation reserves) - - - - 31934 11 Basic Earning per share (EPS) - Rs. 12.82 4.32 46.67 33.02 80.30 12 Aggregate of Non Promoters           Shareholding:           - Number of Shares 2404152 2404152 2404152 2404152 2404152 -     Percentage of Shareholdings 27.85 27.85 27.85 27.85 27.85

Notes :

The Company's performance is affected having regard to the mix of products sold in respective quarters. The Directors have declared an interim dividend of Rs. 10/- per share at their meeting held on 23rd October, 2004. The 'Record Date' for payment of this interim dividend is 10th November, 2004. The Company has one segment of activity namely "Agriculture Inputs". Information on investor complaints/correspondence for the quarter (Nos.) Opening Balance - 6, New - 100, Disposals - 85 and Closing Balance - 21. The Statutory Auditors have carried out a limited review of the results for the quarter ended half year ended 30th September, 2004. Previous period's /Year's figures have been re-grouped wherever necessary to correspond with the current period's/ year's figures. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 23rd October, 2004.

Mumbai: 23rd October, 2004 For MONSANTO INDIA LIMITED SEKHAR NATARAJAN MANAGING DIRECTOR