MADRAS FERTILIZERS LIMITED
	(A Govt. of India Undertaking)
	Regd. Office : Manali, Chennai 600 068
	UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED DECEMBER 31, 2007
								(Rs. in lakhs)
				3 months ended	Corresponding	Year to date	Year to date	Previous
					3 months	figures for	figures for	Accounting
					ended in the	current	the previous	Year ended
					previous year	Period ended	year ended
				(31/12/2007)	(31/12/2006)	(31/12/2007)	(31/12/2006)	(31/03/2007)
				Unaudited	Unaudited	Unaudited	Unaudited	Audited
				(1)	(2)	(3)	(4)	(5)
	1	Net Sales/Income from Operations		32903	29321	77931	91554	121066
	2	Other Income		59	102	312	262	685
	3	Total Income (1+2)		32962	29423	78243	91816	121751
	4	Expenditure
		a.	(Increase)/Decrease in Stock in trade	(1943)	4601	(3706)	4188	3094
			and work in progress
		b.	Consumption of Raw Materials	20081	15156	49089	52723	69619
		c.	Purchase of Traded Goods	268	74	911	126	297
		d.	Employees Cost	968	1024	3010	3075	4206
		e.	Power, Water & Fuel	10221	7902	24962	26347	33745
		f.	Depreciation	1095	1088	3284	3265	4336
		g.	Other Expenditure	2087	2191	6336	7292	9832
		h.	Total	32777	32036	83886	97016	125129
	5	Interest		2067	2085	6455	6426	8087
	6	Exceptional items
	7	Profit (+) / Loss (-) from		(1882)	(4698)	(12098)	(11626)	(11465)
		Ordinary Activities before tax
		(3) - (4+5+6)
	8	Tax Expense		3	6	10	18	13
	9	Net Profit (+) / Loss (-) from		(1885)	(4704)	(12108)	(11644)	(11478)
		Ordinary Activities after tax (7-8)
	10	Extraordinary Items (net of tax expense Rs   )
	11	Net Profit (+) / Loss (-) for the		(1885)	(4704)	(12108)	(11644)	(11478)
		period (9-10)
	12	Paid-up equity share capital		16110	16110	16110	16110	16110
		(Face value Rs 10 per share)
	13	Reserves excluding Revaluation		1239	1239	1239	1239	1239
		Reserves as per balance sheet of
		previous accounting year
	14	Earnings Per Share (EPS)		(1.17)	(2.92)	(7.52)	(7.23)	(7.12)
		a) Basic and diluted EPS before Extraordinary
			items for the period, for the year to date and
			for the previous year (not to be annualized)
		b)	Basic & diluted EPS after Extraordinary	(1.17)	(2.92)	(7.52)	(7.23)	(7.12)
			items for the period, for the year to date and
			for the previous year (not to be annualised)
	15	Aggregate of Public Shareholding
		-	Number of Shares	23733100	23733100	23733100	23733100	23733100
		-	Percentage of Shareholding	14.73	14.73	14.73	14.73	14.73
	Note:
	1	Ammonia Plant was shutdown for 3 days on account of TNEB power failure during the quarter and for 40 days on account of Annual
		Turnaround 2007 coupled with pipeline leakage and TNEB power failure during the period ended December 31, 2007.
	2	Urea Plant was shutdown for 4 days during the quarter and 48 days during the period ended December 31,2007 on account of
		Ammonia Plant shutdown and other maintenance jobs.
	3	NPK Plants were shutdown for 92 days during the quarter and 256 days during the period ended December 31, 2007 on account
		of	raw material limitation.
	4	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).
	5	In view of the loss incurred by the Company during the period provision for current tax is not considered necessary.  As a prudent
		policy no deferred tax asset has been recognised per AS 22 (Accounting for Taxes on Income).
	6	Details of Investors complaints and services during the quarter: Pending at the beginning of the Quarter : Nil, Received : 19,
		Disposed off : 19 and pending at the end of the Quarter : Nil
	7	Audit observations on the Accounts for 2006-07 and Management clarification thereon stand.
	8	The unaudited results have been subjected to Limited Review by Statutory Auditors.
	9	The above results have been reviewed and approved by the Board of Directors at their meeting held on January 25, 2008.
							By order of the Board
	Place : New Delhi						G S  Mangat
	Date  : 25.01.2008					Chairman & Managing Director