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AGRO LIMITED

Regd Oflice : 422, Laxmi Plaza, Laxmi lnd. Estale, New Link Road, Andheri(W), [4umbai - 400053. Phone : 022-39381 100 Fax : 022-39381123

13'h

Febflrary, 2016

National Stock Exchange of

Bombay Stock Exchange Limited


Dept. of Corporate Services
Floor 25, PJ. Towers
Dalal Street,

Ltd.

Plot no. C/1, G Block,


Bandra-I(ut1a Complex,
Bandra (E),

Mumbai

Mumbai 400001

Dear Sir

India

400 051

Madam

Sub. Results pufsuant to fegulation 33 of the SEBI


Requirements)Regulations, 2015

(Listhg Obligation and Disclosufe

This is to inform you that in the meeting of Boatd of Directots of Usher Agro Limited held on 13'h
February, 2L6,;he Board has approved & took on record the stand alone Unaudited Financial
Results of the company for the Q..arter & Nine Months ended 31" December, 2015 copies of the
same along with Limited R..,iew teport submitted by M/s v.S. IGnkatiya & co, Statutory Audrtor
of the Coirpany are enclosed hetewith pursuant to the ptovision of the regulation 33 of the SF.BI
(I-isting Obligation and Disclosure Requirements)Regulations, 2015

Kindly acknowledge the receipt take the same on your record.

Thanking you,

Yours faith{Ll1y,

S Singh

Encl. a/ a

Visit us a t

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ClN.101'100MH1996P1C100380

Chatta I : 158, Gohari, Delhi-Agra Highway (NH-2), Chatta, Districl : [4alhura (U.P) Tel: 05662 - 242101, 326888 Fax: 05662 - 242043
Chatta ll :632-634, Village Dautana, (NH-2) Delhi-Agra Highway, Teshil Chhata, Dishict: [.4aihura - 281401 (UP) Tel: 08859888500
lvlathura : 239, l\.4aholi, Krishna Nagar, Ofi. Delhi-Agra Highway (NH-2), Mathura ' 28'1004. U.P Tel: 08859008233, Fax; 565 - 2461068

Buxar: Plot No. 1898, Chaubeji Ki Chavani, Sikrol, Jalilpur, Thana Rajpur, District: Buxar (Bihar) - 801104 Tel: 06183 - 225846

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V. S. I(ANI{ARIYA & Co.


CHARTERED ACCOUNTANTS
2O3, Kushal Point,

4th Road, B/h Uday Cinema, Ghatkopar (W) Mumbai

4OO

086

Review Report

To the Board of Directors


Usher Agro Limited

of

we have reviewed the accompanying statement of un-audited financial results ('the Statement') of
Usher Agro Limited ('the company') for the quarter and nine months ended 3l December 2015
being submitted by the company pursuant to the requirements of regulation 33 of SEBI (Listing
Obligations and Disclosure Requirement) Regulations 2015. This Statement is the responsibility of
the company's Management and has been approved by the Board of Directors in the meeting held
on 13 February 2016. Our responsibili8 is to issue a report on these financial results based on our
review.

we

conducted our review in accordance with the standard on Review Engagement (sRE) 2410,
'Review of Interim Financial Information Performed by the Independent Auditor of the Entity,,
issued by the Institute of Chartered Agcountants oflndia. This standard requires that we plan and
perform the review to obtain moderate assurance as to whether the financial statements are free of
material misstatement. A review is limited primarily to inquiries of company personnel and
anallical procedures applied to financial data and thus provide less assurance than an audit. we
have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of un-audited financial results prepared in accordalce
with applicable accounting standards specified under Section 133 of the companies Act, 2013,

read with Rule 7 of the companies (Accounts) Rules, 2014 and other recognized accounting
practices and policies has not disclosed the information required to be disclosed in terms of
Regulation 33 of SEBI (Listing obligations and Disclosure Requirement) Regulations 2015,
including the manner in which it is to be disclosed, or that it contains anv material misstatement.
For Y, S. Kankariya & Co
Chartered Accountants
Firm's Registration No: 104719W

Mumbai
13 February 2016

USHER AGRO LIMITED


Registered Office:422,Laxmi plaza, Laxmi tndustrial Estate, New Link Road, Andheri (W) Mumbai-53
Tel: 022-39381100, Fax : 022-39381123 (CtN- LO11O0MH1996pLC1OO380)
Email : cs,mumbai@ushera8ro.com Website: www,usherasro.com

STATEMENT OF UNAUDITED FINANCIAL RESULTS FORTHE

MONTHS ENDED AS AT 31ST DECEMBE& 2015


lRs. ln

FY 2015-16

quarter ended.at
3t,72.2075
(Unaudited)

Particulars
lncome from Operations
(a) Net Sales/lncome from Operations
(b) Other Operating lncome
fotal lncome

(9Morths)

30.09.201S

3t.t2,2014

(Unaudited)

(Unaudited)

31.12.2075
(Unaudited)

40,774.44

47,076.07

42,A77.a4

7,26,757.39

67.52

115.98

2,426.30
45,294.74

324.37

40,235.95

41,792,O5

1,27,O75.76

LE

FY 20r4-15
(9Months)
31.03.2015

7,27
224.4a
7,27,674,96

EXPENDITURE

(lncrease)/decrease in stock in trade & work in progress


Consumption of Raw Materials
Employee benefit & manpower cost

Depreciatlon

-4,435.15

2,754.73

3,343.67

(5,706.s4)

38,679.72

32,678.46

33,783.06

1,12,380.69

512.85

536.77

447.11

7,498.4!

7,347.57

1,009.67

1,009.28

974.62

3,015.17

14.370-311

7,09,677.49

Other Expenditures

7,367.67

7,629.35

fotal Expenditures

1,653.10

4,753.73

3,735.72
4,332.32

37,058.77

38,008.00

40,t42.22

7,t5,347.46

7,74,117,79

33.30

50.42

42.97

109.02

91.16

33.30

50.42

42.97

109.02

91.16

Profit from ordinary activities before tinance cost & and


exceptional items

3,200.50

3,234.47

13,648.93

3,043.8s

2,884.73

5,198,89
2,654.37

11,843.31

Finance Costs

8,761.75

4,237.67

155.55

349,74
795.29

2,544.52

3,O42.75

5,477.26

36.68

Net Profit from ordinary activities afterTax


Extra ordinary items
Net profit for the period

1t9.97

154.45

!r9.97

Paid up equity share capital of Rs. 10/- each


Reserves excluding Revaluation Reserves

3,80s.90
39,729.44

39,609.47

0.32
0.32

Other lncome

Exceptional items
Profit from ordinary activities before tax
fax Expenses

437.64

783.63

7,232.2A

2,105.88

2,294.53

4,184.98

154.45

2,706.88

2,298.s3

4,784.98

3,805.90

3,805.90

3,805.90

3,805.90

38,453.97

39,129.44

37,430.97

o.47

5.54

6.04

11.00

o.47

5.54

6.04

11.00

Earning Per Share (EPS)


Basis EPS before &

after extraordinary items

Diluted EPS before & after extraordinary items

\otest
7

TheaboVeunauditedfinancialresultsfortheThirdquarter/Ninem@reViewedbytheaUdii
committee and approved at the meeting of board of directors held on February 13, 2016.

lnaccordancewiththerequirement5ofregulation33ofthesEBl(Li'tin
statutory auditors of the company have carried out Limited Review of the above unaudited financial results of the
company for the
Quarter / Nine Months ended as on December 31, 2015.

thecompanyoperatesinonlyoneprimarybu5inesssegmenti,e.fooop

4
5

\ccounting standard (As) 17 on "Segment Repoi-iil'tg" issue.i iry the institute of chaftered Accountants
of lndia, hence no separate
iegment reporting is required, ln Geographical Business segment the revenue for Nine [/]onths are
as follows. 1) Domestic Rs,7,25,220.4a
acs, 2) Exports Rs. 1,530.91 Lacs.
The company wlll account for MAT credit entitlement, if any, and oeferred Tax liabilities/Assets
as per
Accounting for taxes on lncome at the end of the financial year.
Previous years/Periods Figures have been regrouped/rearranged wherever necessary.

Accountin$Giiliffit,fi

,a5

Place: Mumbai

Datet 7310212075

Managing Director & CFO


DIN-0032s197
Regdoff:.422,LaxmiPlaza,LaxmilndustrialE5tate,Andheri(w),N
www.usheragro.com