MADRAS FERTILIZERS LIMITED
	(A Govt. of India Undertaking)
	Regd. Office : Manali, Chennai 600 068
	UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED JUNE 30, 2008
						(Rs. in lacs)
				Quarter	Corresponding	Previous
				ended	quarter ended	Accounting
				30-Jun-08	30-Jun-07	Year ended
					in the	31-Mar-08
					previous year
				(3 months)	(3 months)	(12 months)
				(Unaudited)	(Unaudited)	(Audited)
				(2)	(3)	(5)
	1	Net Sales/Income from Operations		18679	20139	114006
	2	Other Income		17	155	863
	3	Total Income (1+2)		18696	20294	114869
	4	Total Expenditure
		a.	(Increase)/Decrease in Stock in Trade	254	(1684)	(1937)
			and work-in-progress
		b.	Consumption of raw material	8945	15051	68364
		c.	Purchase of Traded Goods	17	130	1733
		d.	Employees Cost	1077	1048	3884
		e.	Power, Water & Fuel	6073	6164	35261
		f.	Depreciation	1113	1095	4284
		g.	Other Expenditure	1892	2091	8843
		h.	Total	19371	23895	120432
	5	Interest		2334	2167	7910
	6	Exceptional items
	7	Profit (+)/Loss (-) from		(3009)	(5768)	(13473)
		Ordinary Activities before tax (3) - (4+5+6)
	8	Tax Expense		3	4	12
	9	Net Profit (+)/Loss (-) from		(3012)	(5772)	(13485)
		Ordinary Activities after tax (7-8)
	10	Extraordinary Items (net of tax expense)
	11	Net Profit (+) / Loss (-) for the		(3012)	(5772)	(13485)
		period (9-10)
	12	Paid-up equity share capital		16110	16110	16110
		(Face value Rs 10 per share)
	13	Reserves excluding Revaluation		1239	1239	1239
		Reserves as per balance sheet of
		previous accounting year
	14	Earnings Per Share (EPS)
		a) Basic and diluted EPS before Extraordinary items		(1.87)	(3.58)	(8.37)
			for the period, for the year to date and for the
			previous year (not to be annualized)
		b)	Basic & diluted EPS after Extraordinary items	(1.87)	(3.58)	(8.37)
			for the period, for the year to date and for the
			previous year (not to be annualized)
	15	Aggregate of Public shareholding
		-	Number of Shares	23733100	23733100	23733100
		-	Percentage of Shareholding	14.73	14.73	14.73
	1. Ammonia and Urea Plants were shutdown from 07.05.08 to 08.07.08 for statutory inpsection of Boilers
	and  Annual Turnaround Maintenance
	2. NPK Plants were shutdown during the quarter ended June 30, 2008 for want of raw materials due to paucity
	of funds.
	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:13,  Disposed Off:13 and Pending at the end of the Quarter: Nil
	6. Audit observations on the Accounts for 2007-08 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 July 21, 2008.
				By Order of the Board
	Place :  New Delhi                                                                                                             G S  Mangat
	Date  :  21.07.08                                                                                                   Chairman & Managing Director