Monsanto India Limited - FIRST QUARTER RESULTS - Q1 FY 2013 - NET SALES UP 7.71%YoY; NPT UP 10.37% YoY

Monsanto India Limited

FIRST QUARTER RESULTS

Q1 FY 2013

MONSANTO INDIA LIMITED  has released its results for the Q/E June 2012. The High Lights of the results are as below :

Net Sales stands at Rs.199.80 Cr for Q1 FY 13; compared to Rs.35.13 cr in Q4 FY 12 (Up 468.74%) ; and Rs.185.49 Cr in Q1 FY 12 (Up 7.71%).

Total Expenditure stands at Rs.154.19 Cr for Q1 FY 13; compared to Rs.44.48 Cr in Q4 FY 12 (Up 246.65%); and Rs.141.05 Cr in Q1 FY 12 (UP 9.32%)

Net Profit    stands at Rs.48.63 Cr in Q1 FY 13 ;compared to Rs.(-)7.63 Cr in Q4 FY 12 (Down -737.35%); and Rs.44.06 Cr in Q1 FY 12 (Up 10.37%).

Diluted EPS stands at Rs.28.17 in Q1 FY 13; Rs.(-)4.42 in Q4 FY 12;  and Rs.51.04 in Q1 FY 12. The Q1 FY 12 EPS is on lower Equity of Rs.8.63 Cr, while the others are on enhanced Equity of Rs.17.26 Cr – due to a 1:1 Bonus issue last year. The March ending Quarter appears to be a Lean quarter for the company. The Q4 FY 11 also had an EPS of Rs(-)13.06.

52 week high/low price : 1943.00/555.55

Current MP : Rs.632. The annualized EPS and PE Ratio are not computed as each quarter has difference sales and Profits levels for this Agri Products company.

About the Company :-

Monsanto India Limited (MIL) - a subsidiary of the Monsanto Company, USA - is the only publicly listed Monsanto entity outside USA.

With a presence of more than six decades in India, MIL is committed to help the Indian farmer produce more while conserving sustainably and to be successful. MIL focuses on maize (Dekalb®, India's largest selling hybrid maize seed brand) and agricultural productivity (Roundup®, the world, as well as India's largest selling glyphosate herbicide).

MIL endeavors to boost crop productivity through its advanced research in maize cultivation, access to a wide library of global maize germplasm, breeding technology and techniques, new high-yielding hybrid seeds, best-in-class manufacturing facilities, extensive agronomic activities and on-farm technology development.

TABLE OF RESULTS

MONSANTO	30-Jun-12	31-Mar-12	QoQ DIF%	30-Jun-11	YoY DIF %
Net Sales	19980	3513	468.74	18549	7.71
Total Expenditure	15419	4448	246.65	14105	9.32
Profit  before Interest, Dep. & Taxes	4561	-935	-587.81	4444	2.63
Net Profit	4863	-763	-737.35	4406	10.37
Diluted EPS	28.17	-4.42	-737.33	51.04	-44.81
Net Sales	19980	3513	468.74	18549	7.71
Changes in inventories of finished goods, WIP and SIT	6418	-5228	-222.76	5256	22.11
Cost of materials	4405	6367	-30.82	4308	2.25
Employee benefits	1064	1080	-1.48	944	12.71
Depreciation	236	240	-1.67	226	4.42
Other expenses	3296	1955	68.59	3371	-2.22
Total expenses	15419	4448	246.65	14105	9.32
Profit  before tax	5387	-392	-1474.23	4970	8.39
Tax Expenses	524	371	41.24	564	-7.09
Net Profit	4863	-763	-737.35	4406	10.37
Face Value of Share (inRs )	10	10	0	10	0
Paid-up Equity	1726	1726.24	-0.01	863	100
Diluted EPS	28.17	-4.42	-737.33	51.04	-44.81
Public Shareholding (%)	27.85	27.85	0	27.85	0

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