MADRAS FERTILIZERS LIMITED
	(A Govt. of India Undertaking)
	Regd. Office : Manali, Chennai 600 068
	UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED JUNE 30, 2007
						(Rs. in lacs)
				Quarter	Corresponding	Previous
				ended	quarter ended	Accounting
				30-Jun-07	30-Jun-06	Year ending
					In the
					previous year	31-Mar-07
				(3 months)	(3 months)	(12 months)
				(Unaudited)	(Unaudited)	(Audited)
				(1)	(2)	(3)
	1	Net Sales/Income from Operations		20139	28780	121066
	2	Other Income		155	59	685
	3	Total Expenditure
		a.	(Increase)/Decrease in Stock in Trade	(1684)	(2677)	3094
		b.	Consumption of raw material	15051	18527	69619
		c.	Staff Cost	1048	1049	4206
		d.	Power, Water & Fuel	6164	9135	33745
		e.	Other Expenditure	2221	2529	10129
	4	Interest		2167	2173	8087
	5	Depreciation		1095	1088	4336
	6	Profit/(Loss) before tax (1+2-3-4-5)		(5768)	(2985)	(11465)
	7	Write-off
		-	GOI - Interest
		-	Excess Provision written-back
	7	Provision for taxation - Fringe Benefit Tax		4	3	13
	8	Net Profit/(Loss) (6-7)		(5772)	(2988)	(11478)
	9	Paid-up equity share capital		16110	16110	16110
		(Face value Rs 10 per share)
	10	Reserves excluding revaluation reserves		1239	1239	1239
		(as per balance sheet) of previous
		accounting year
	11	EPS for the period, for the year to date		(3.58)	(1.85)	(7.12)
		and for the previous year (Rs.)
	12	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 from 29.03.2007 to 02.05.2007 for statutory inspection of Boilers and Annual Turnaround 2007.
	2	NPK Plants were shutdown for 74 days during the quarter ended June 30, 2007 on account of raw material 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 : 9,  Disposed Off : 9 and Pending at the end of the Quarter : Nil.
	6	Audit observations on the accounts for 2006-07 and management clarification thereon  stand.
	7	The unaudited results have been subjected to Limited Review by Statutory Auditors.
	8	The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on ----------, 2006.
					By order of the Board
	Place: Chennai				Sukumar N Oommen
	Date:				Chairman & Managing Director
	8	The above results have been reviewed and approved by the Board of Directors at their meeting held
		on July 19, 2007
					By order of the Board
	Place :  Chennai				Sukumar N  Oommen
	Date  :  19-07-2007			Chairman & Managing Director