MADRAS FERTILIZERS LIMITED
	(A Govt. of India Undertaking)
	Regd. Office : Manali, Chennai 600 068
	UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED JUNE 30, 2006
						(Rs. in lacs)
				Quarter	Corresponding	Previous
				ended	quarter ended	Accounting
				30-Jun-06	30-Jun-05	Year ending
					In the
					previous year	31-Mar-06
				(3 months)	(3 months)	(12 months)
				(Unaudited)	(Unaudited)	(Audited)
				(1)	(2)	(3)
	1	Net Sales/Income from Operations		28780	24554	108422
	2	Other Income		59	134	577
	3	Total Expenditure
		a.	(Increase)/Decrease in Stock in Trade	(2677)	(5235)	1363
		b.	Consumption of raw material	18527	16964	64785
		c.	Staff Cost	1049	1118	4264
		d.	Power, Water & Fuel	9135	7826	28960
		e.	Other Expenditure	2529	2493	11882
	4	Interest		2173	1598	6777
	5	Depreciation		1088	1109	4405
	6	Profit/(Loss) before tax (1+2-3-4-5)		(2985)	(1185)	(13437)
	7	Write-off
		-	GOI - Interest
		-	Excess Provision written-back			376
	8	Provision for taxation - Fringe Benefit Tax		3	30	113
	9	Net Profit/(Loss) (6-7-8)		(2988)	(1215)	(13174)
	10	Paid-up equity share capital		16110	16110	16110
		(Face value Rs 10 per share)
	11	Reserves excluding revaluation reserves		1239	1239	1239
		(as per balance sheet) of previous
		accounting year
	12	EPS for the period, for the year to date		(1.85)	(0.75)	(8.18)
		and for the previous year (Rs.)
	13	Aggregate of non-promoter shareholding
		-	Number of Shares	23733100	23733100	23733100
		-	Percentage of Shareholding	14.73	14.73	14.73
	Note :
	1	Ammonia and Urea Plants were shutdown for maintenance and other jobs in Ammonia Plant from 06.04.2006 to 16.04.2006 during the Quarter ended June 30, 2006.
	2	NPK Plants were shutdown for 80 days during the quarter ended June 30, 2006 on account of funds constraint and raw material (Potash/Urea) limitation.
	3	Fertilizer manufacturing being the only main segment and trading operations being less than 10% of the total revenue, there is no reportable segment in MFL as per AS 17 (Segment Reporting)
	4	In view of the loss incurred by the Company during the period provision for current tax is not considered necessary.  Also, as a prudent policy no deferred tax asset has been recognised per AS 22 (Accounting for Taxes on Income)
	5	Details of Investors complaints and services during the quarter:  Pending at the beginning of the Quarter: Nil,  Received: 29,  Disposed Off:29 and Pending at the end of the Quarter:Nil.
	6	Audit observations on the accounts 2005-06 and management clarification thereon  stand.
	7	The unaudited results are subject to Limited Review by Statutory Auditors.
	8	The above results have been reviewed and recommended by the Audit Committee and approved by the Board Sub Committee at their meeting held on July 26, 2006.
					By order of the Board Sub Committee
	Place: Chennai				Sukumar N Oommen
	Date:  26.07.06				Chairman & Managing Director