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Financial Results

MONSANTO INDIA LIMITED
UNAUDITED FINANCIAL  RESULTS  FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2008
(Rupees in Lacs)
                 
SR.NO. PARTICULARS Year  to date figures for the period ended  30.09.2008 (Unaudited) Year  to date figures for the period ended  30.09.2007 (Unaudited) Three Months   ended on 31.12.2008  (Unaudited ) Corresponding three months ended in the previous year on 31.12.2007 (Unaudited) Year  to date figures for the period ended  31.12.2008 (Unaudited) Year  to date figures for the period ended  31.12.2007 (Unaudited) Previous  accounting   year ended  31.03.2008 (Audited) Year  Qurter
                 
1 (a) Sales (Net of Excise Duty) ( Including product sales of Rs.Nil  and Rs. 5,297 lacs for the quarter and year to date respectively  of Alachlor & Butachlor Business operated for a third party. See Note 4 below)   31,864 #####                  6,561                      6,604                  38,425                 31,647 36,523 21% -1%
  (b) Other Operating Income          17       150                          8                            69                          25                      219 179 -89% -88%
  TOTAL INCOME ##### ##### 6,569 6,673 38,450 31,866 36,702 21% -2%
2 Total Expenditure              
  (a) (Increase)/Decrease  in stock in trade     3,432    3,284                 (1,912)                          977                    1,520                   4,261                    (450)         63          77  Margins 2008 
  (b)Consumption of Materials    7,582    6,246                  2,698                      1,023                  10,280                   7,268 13,914         58         65  Margins 2007 
  (c)Purchase of Finished Goods    1,651    1,354                     702                         330                    2,353                   1,684 1,232
  (d) Staff Cost     2,193    1,435                   1,131                       1,132                    3,324                   2,567 3,621 30% 0%
  (e) Depreciation & Amortisation        658       606                     332                          314                       990                      920 1,270 8% 6%
  (f) Other Expenditure     6,682    5,471                  2,435                      2,109                     9,117                   7,579 10,763 20% 16%
  TOTAL EXPENDITURE ##### #####                 5,386                     5,885                 27,584               24,279 30,350 14% -8%
3 Profit from  Operations before  Other Income,
Interest & Exceptional Items ( 1-2)
  9,683   6,797                 1,183                         788                 10,866                 7,587 6,352 43% 50%
4 Other Income        542       758                     350                          329                        893                   1,087 1,609 -18% 7%
5 Profit before Interest and  Exceptional Items (3+4)  10,225    7,555                 1,533                      1,117                 11,759                 8,674 7,961 36% 37%
6 Interest Expense          12          11                        10                              6                          22                         17 35 31% 73%
7 Profit after Interest but before  Exceptional Items
( 5-6)
 10,213    7,544                 1,523                      1,111                 11,737                 8,657 7,926 36% 37%
8 Exceptional Items          -            -                                 -        
  -Profit on Divestiture                             -                        1,450                           -                     1,450                   4,586
9 Profit from ordinary  activities but before Tax (7-8)  10,213    7,544                 1,523                     2,561                 11,737               10,107 12,512 16% -41%
10 Tax expense:               
   - Current Tax    1,360       460                      107                          598                     1,467                   1,058 2,250
   - Deferred Tax       (68)          15                      115                            31                          47                        46 12
   -Fringe benefit Tax       128       106                        65                          134                        193                      240 320
   -Wealth  Tax            2            2                        -                               -                              2                          2 4
   -Excess provision in respect of earlier years          -            -                          -                               -                             -                           -                         (91)
11 Net  Profit from Ordinary  Activities  after tax
( 9-10)
8,791 6,961 1,236 1,798 10,028 8,761 10,017 14% -31%
12 Extarordinary Items( net of tax expenses Rs. NIL)                            -                               -                             -                           -                           -  
13 Net  Profit for the period (11-12)     1,236 1,798 10,028 8,761 10,017 14% -31%
14 Paid-up Equity Share Capital (Face Value Rs. 10/- per share)       863       863                     863                          863                        863                      863 863
15 Free reserves (excluding revaluation reserves)                             25,748
16 Basic and diluted Earnings Per Share (EPS) - Rs    83.67    66.96                  14.32                      20.84                   116.19                 101.51                 116.05
17 Aggregate of Public Shareholding :              
   - Number of Shares ##### #####          2,404,152               2,404,152             2,404,152           2,404,152 2,404,152
   - Percentage of shareholdings    27.85    27.85                  27.85                       27.85                     27.85                   27.85 27.85
                 
               
Notes:  
1 The company's performance is affected having regard to the mix of products sold in respective quarters.  
2 The company has one Primary business segment namely "Agriculture Inputs".  
3 Information on investor complaints for the quarter (Nos.): Opening Balance - 0, New -24, Disposals -24  and Closing Balance - 0  
4 Pursuant to an ongoing agreement to operate, in the transition period, the Alachlor and Butachlor business activities for the buyer of the business, 
  the above financial results include an amount of Rs.Nil  and Rs.5,297 Lacs for the quarter and  year to date respectively  in Sales as well as in expenditure. 
5 The  financial results for the period ended 31st December, 2008 have been approved  by the Board of Directors at its meeting held  
  on 27th January, 2009 and have been subjected to a Limited Review by the Statutory Auditors of the Company.  
6 The Board of  Directors declared an interim dividend of Rs.12/- per share at its meeting  held on 24th October, 2008.  
7 Previous period's/Year's figures have been re-grouped wherever necessary to correspond with the current  period's/year's figures.  
   
  For MONSANTO INDIA LIMITED
   
   
   
   
  AMITABH JAIPURIA  
Mumbai:27th January, 2009         MANAGING  DIRECTOR