MADRAS FERTILIZERS LIMITED
	(A Govt. of India Undertaking)
	Regd. Office : Manali, Chennai 600 068
	UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED DECEMBER 31, 2008
								(Rs. in lakhs)
	Particulars			3 months ended	Corresponding 3 months ended in the previous year	Year to date figures for current period ended	Year to date figures for the previous year ended	Previous accounting    year          ended
				(31/12/2008)	(31/12/2007)	(31/12/2008)	(31/12/2007)	(31/03/2008)
				Unaudited	Unaudited	Unaudited	Unaudited	Audited
				(1)	(2)	(3)	(4)	(5)
	1	(a) Net Sales/Income from Operations		25048	32903	90134	77931	114006
		(b)	Other Operating Income
	2	Expenditure
		a.	(Increase)/Decrease in Stock in trade	2348	(1943)	1063	(3706)	(1937)
			and work in progress
		b.	Consumption of Raw Materials	14841	20081	51696	49089	68364
		c.	Purchase of Traded Goods	26	268	85	911	1733
		d.	Employees Cost	1014	968	3094	3010	3884
		e.	Power, Water & Fuel	9933	10221	29645	24962	35261
		f.	Depreciation	1113	1095	3339	3284	4284
		g.	Other Expenditure	2051	2087	6145	6336	8843
		h.	Total	31326	32777	95067	83886	120432
			(Any item exceeding 10% of the total expenditure to be shown separately)
	3	Profit from Operations before Other Income, Interest & Exceptional Items (1-2)		(6278)	126	(4933)	(5955)	(6426)
	4	Other Income		36	59	93	312	863
	5	Profit before Interest & Exceptional Items (3+4)		(6242)	185	(4840)	(5643)	(5563)
	6	Interest		2232	2067	6929	6455	7910
	7	Profit after Interest but before Exceptional Items (5-6)		(8474)	(1882)	(11769)	(12098)	(13473)
	8	Exceptional Items
	9	Profit (+)/ Loss(-) from Ordinary Activities before tax (7 + 8)		(8474)	(1882)	(11769)	(12098)	(13473)
	10	Tax Expense		2	3	12	10	12
	11	Net Profit (+) / Loss (-) from Ordinary Activities after tax (9 - 10)		(8476)	(1885)	(11781)	(12108)	(13485)
	12	Extraordinary Items (net of tax expense Rs...)
	13	Net Profit (+) / Loss (-) for the period (11-12)		(8476)	(1885)	(11781)	(12108)	(13485)
	14	Paid-up equity share capital		16110	16110	16110	16110	16110
		(Face value Rs 10 per share)
	15	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year		1239	1239	1239	1239	1239
	16	Earnings Per Share (EPS)
		a) Basic and diluted EPS before Extraordinary		(5.26)	(1.17)	(7.31)	(7.52)	(8.37)
			items for the period, for the year to date and
			for the previous year (not to be annualized)
		b)	Basic & diluted EPS after Extraordinary	(5.26)	(1.17)	(7.31)	(7.52)	(8.37)
			items for the period, for the year to date and
			for the previous year (not to be annualised)
	17	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 and Urea Plants were shutdown from 21.12.2008 for HP Co2 Compressor motor electrical fault and HT Shift Converter catalyst renewal.
	2	NPK Plants were shutdown during the period upto December 31, 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:9,    Disposed Off:9   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 January 25, 2009.
						By Order of the Board
		Place: Chennai				S Muralidharan
		Date : 25.01.09				Chairman & Managing Director