RAIN CALCINING LIMITED

6-3-571/2, Floor 2, "Rockvista", Rockdale Estate, Somajiguda, Hyderabad 500 082.

Audited Financial Results for the quarter ended June 30, 2004
S# 1. 2. 3. 4. Particulars Sales/Income from Operations Less: Excise Duty Net Sales Other Income Total Income Total Expenditure (a) (Increase)/Decrease in stock (b) Materials Consumed (c) Staff Cost (d) Other Expenditure Interest Depreciation and amortization Extraordinary item - Miscellaneous Expenditure written off Profit/(Loss) before Tax Provision for Current Year's Taxation Provision for Deferred Taxation Net Profit/(Loss) Paid up Equity Share Capital (Face value Rs.10/-) Reserves excluding Revaluation Reserve Basic Earnings/(Loss) per share - Not annualized - Rs. Aggregate of Non Promoter Shareholdings: - Number of Shares (in lakhs) - Percentage of Shareholding Quarter Ended June 30 2003 2004 8,220 234 7,986 63 8,049 7,509 (484) 6,272 98 1,623 351 487 (298) (8) (39) (251) 12,949 3,366 (0.19) 594.67 45.92 7,859 548 7,311 31 7,342 5,116 (882) 4,944 92 962 484 488 204 1,050 31 146 873 12,949 1,130 0.67 579.13 44.72 (Rs. in lakhs) Year Ended March 31, 2004 33,624 1,342 32,282 247 32,529 24,413 (1,028) 20,413 479 4,549 1,815 1,964 204 4,133 170 604 3,359 12,949 3,617 2.59 591.03 45.64

5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Segment wise Revenue, Results and Capital Employed for the quarter ended June 30, 2004
S# 1. Particulars Segment Revenue: (a) Calcined Petroleum Coke (b) Power (c) Trading Division (d) Others Total Less: Inter segment revenue Net Sales/Income from Operations Segment Results: Profit/(Loss) [before tax and interest from each segment] (a) Calcined Petroleum Coke (b) Power (c) Trading Division Total Less: Interest (net) Less: Unallocable expenditure Less: Extra-ordinary item Total Profit/(Loss) before Tax Segment Capital Employed: (a) Calcined Petroleum Coke (b) Power (c) Trading Division (d) Unallocable assets less liabilities Total Quarter Ended June 30 2004 2003 4,779 2,887 255 150 8,071 85 7,986 3,953 3,003 440 7,396 85 7,311 (Rs. in lakhs) Year Ended March 31, 2004 18,116 11,772 2,728 32,616 334 32,282

2.

(158) 93 33 (32) 192 74 (298) 4,962 11,023 1,301 (971) 16,315

744 888 101 1,733 347 132 204 1,050 6,101 8,468 777 (1,267) 14,079

2,364 2,973 589 5,926 1,080 509 204 4,133 6,752 10,284 384 (854) 16,566

3.

Notes: 1. Figures of the corresponding previous quarter/year have been regrouped wherever necessary. 2. The results have been negatively impacted due to the substantial weakening of Indian Rupee against the US Dollar during the current quarter and also due to hardening of ocean freight rates. 3. Information on investor complaints for the quarter-(Nos.): Opening Balance: 0, New:6, Disposals:6, Closing Balance: 0. There were no pending complaints from investors as on June 30, 2004 which had to be resolved. 4. The above results were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on July 15, 2004. By Order of the Board Hyderabad July 15, 2004 N. JAGAN MOHAN REDDY Managing Director