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Unaudited Financial Results (Provisional) for the Quarter and Nine Months ended December 31, 2009

(Rs. Lakhs)

	Description	3 months ended (31/12/2009)	Corresponding 3 months ended in the previous year (31/12/2008)	Year to date figures for current period ended (31/12/2009)	Year to date figures for the previous year ended (31/12/2008)	Previous accounting year ended (31/03/2009)
	Description	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Gross Sales/Income from operations	25,635.66	23,175.29	77,400.23	71,200.81	92,530.74
	Less: Excise Duty	1,040.07	1,727.55	3,268.16	5,888.01	6,798.04
2	a) Net Sales/Income from operations	24,595.59	21,447.74	74,132.07	65,312.80	85,732.70
	b) Other Operating Income	26.47	45.35	109.03	163.77	316.70
3	Total Income	24,622.06	21,493.09	74,241.10	65,476.57	86,049.40
4	Expenditure
	(a) (Increase) / Decrease in Stock-in-Trade and Work-in-Progress	(196.97)	769.26	(1,911.75)	4,452.12	3,493.23
	(b) Consumption of Raw Materials	11,714.38	9,556.59	34,846.83	27,346.57	37,173.06
	(c) Purchase of Traded Goods	3,437.52	3,882.38	11,753.95	10,214.90	14,180.82
	(d) Employees Cost	1,898.75	1,934.25	5,758.78	5,889.30	7,910.70
	(e) Depreciation / Amortisation	601.48	323.78	1,776.14	1,891.53	2,493.64
	(f) Other Expenditure	4,788.68	3,148.00	14,348.20	11,071.13	15,124.88
	(g)Total	22,243.84	19,614.26	66,572.15	60,865.55	80,376.33
5	Profit from Operations before Other Income, Interest & Exceptional Items	2,378.22	1,878.83	7,668.95	4,611.02	5,673.07
6	Other Income - Profit on Sale of Real Estate	-	-	703.23	-	-
7	Provisions no longer required written back	-	-	-	-	194.66
8	Profit before Interest & Exceptional Items	2,378.22	1,878.83	8,372.18	4,611.02	5,867.73
9	Interest and Exchange fluctuation (Net)
	a) Interest	797.27	990.55	2,461.88	3,113.61	4,061.83
	b) Exchange Fluctuation	90.23	(13.15)	90.12	6.80	7.96
10	Profit after Interest but before Exceptional Items	1,490.72	901.43	5,820.18	1,490.61	1,797.94
11	Exceptional Item - Workmen Separation Cost (Refer Note 6)	194.97	-	520.30	-	-
12	Profit from Ordinary Activities before Tax	1,295.75	901.43	5,299.88	1,490.61	1,797.94
13	Tax Expense
	-Current (including Wealth Tax)	222.49	2.75	907.56	8.25	27.44
	-Reversal of provision relating to earlier years	-	-	-	-	(325.34)
	-Deferred Tax	-	-	(68.69)	(40.08)	(40.08)
	-Fringe Benefit Tax	(29.50)	56.17	-	141.61	195.70
14	Net Profit from Ordinary Activities after Tax	1,102.76	842.51	4,461.01	1,380.83	1,940.22
15	Extraordinary items (net of tax expenses Rs.)	NIL	NIL	NIL	NIL	NIL
16	Net Profit for the period	1,102.76	842.51	4,461.01	1,380.83	1,940.22
17	Paid up Equity Share Capital Face Value : Rs.5/- per share.	3,634.36	3,634.36	3,634.36	3,634.36	3,634.36
18	Reserves and Surplus Excluding Revaluation Reserve as per Balance Sheet of Previous accounting year	-	-	-	-	44,687.41
19	Earning Per Share(EPS) - Rupees
	Basic and Diluted EPS for the period, for the year to date and for the previous year (not to be annualised)
	Basic	1.52	1.16	6.14	1.90	2.67
	Diluted	1.52	1.09	6.14	1.79	2.51
20	Public Shareholding
	Number of Shares	43,399,556	43,489,556	43,399,556	43,489,556	43,489,556
	Percentage of Share Holding	59.71	59.83	59.71	59.83	59.83
21	Promoters & Promoter Group Shareholding
	a) Pledged / Encumbered
	No of Shares	15,300,028		15,300,028		22,780,028
	% of the total shareholding of Promoter & Promoter Group	52.24		52.24		78.02
	% of the total share capital of the Company	21.05		21.05		31.34
	b) Non-Encumbered
	No of Shares	13,987,676		13,987,676		6,417,676
	% of the total shareholding of Promoter & Promoter Group	47.76		47.76		21.98
	% of the total share capital of the Company	19.24		19.24		8.83

Notes:

The Company is engaged in the business of marketing of dry cell batteries, flashlights, packet tea, general lighting products, insect repellents and other homecare products which come under a single business segment known as Fast Moving Consumer Goods (FMCG).

Geographical Segment –

(Rs. Lakhs)

	3 months ended (31/12/2009)	3 months ended (31/12/2008)	Year to date for period ended (31/12/2009)	Year to date for period ended (31/12/2008)	Previous accounting year ended (31/03/2009)
Sales within India	24,950.31	22,768.32	75,158.25	69,302.28	89,698.48
Sales outside India	685.35	406.97	2,241.98	1,898.53	2,832.26

Investor Grievance Report -

No. of investor grievances pending at the beginning of the quarter	Nil
No. of investor grievances received during the quarter	5
No. of investor grievances replied/resolved during the quarter	5
No. of investor grievances pending at the end of the quarter	Nil

Trial proceedings before the Chief Judicial Magistrate, Bhopal, on the modified charges framed under the directions of the Supreme Court that commenced in September 1997, are yet to be concluded. As per advice of legal counsel, allegations against the Company are without any firm basis and possibilities of proceedings against the Company, succeeding are extremely remote. Since the charges are very likely to fail, no provision is necessary at this stage.

Pursuant to an MOU on August 29, 2007 with Housing Development & Infrastructure Limited (HDIL) for the transfer of its leasehold premises at Navi Mumbai for a consideration of Rs. 11,500 Lakhs, the Company had earlier received Rs. 6,150 Lakhs and the balance amount on July 29, 2008, resulting in full recovery of transaction value. Necessary clearances are being obtained to complete the transfer formalities. The income effect to the transaction will be recorded on completion of the relevant formalities.

Exceptional Item represents amortised separation costs of workmen who opted for the same during the quarter consequent to the suspension of operations at the Company’s manufacturing facility at Hyderabad.

Figures of the previous quarters/periods have been regrouped / rearranged wherever considered necessary.

The above results was reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on January 21, 2010.

Kolkata
January 21, 2010

EVEREADY INDUSTRIES INDIA LTD
Suvamoy Saha
Director