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Quarterly Financial Results
 

STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2020

(Rs. In Lacs except earning per share data)
Particulars STANDALONE CONSOLIDATED
Quarter Ended Year Ended Quarter Ended Year Ended
30.06.2020 31.03.2020 30.06.2019 31.03.2020 30.06.2020 31.03.2020 30.06.2019 31.03.2020
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1. Revenue from Operations :
a) Sales/Income from Operations 4,996.87 10,007.28 12,539.98 49,825.25 6,755.11 11,713.83 15,183.96 58,656.15
b) Other Operating Income 214.21 188.31 416.55 2,211.08 214.21 188.31 416.55 2,211.08
Total Revenue from Operations 5,211.08 10,195.59 12,956.53 52,036.33 6,969.32 11,902.14 15,600.51 60,867.23
2. Other Income 147.52 256.00 365.22 1,204.33 207.30 116.93 461.21 1,297.97
3. Total Income (1+2) 5,358.60 10,451.59 13,321.75 53,240.66 7,176.62 12,019.07 16,061.72 62,165.20
4. Expenses:
a) Cost of materials consumed 2,908.75 4,957.85 6,530.03 25,624.15 2,908.75 4,957.85 6,530.02 25,624.15
b)Purchase of stock-in-trade 88.29 506.54 833.71 2,903.92 1,229.99 1,145.61 2,480.11 8,783.13
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade (187.21) 206.62 344.54 995.09 (116.87) 88.51 712.81 733.39
d) Employee benefits expense 578.48 897.65 1,007.81 4,014.98 828.41 1,316.75 1,393.82 5,616.33
e) Finance Cost 276.74 270.49 418.39 1,510.16 323.42 313.06 457.05 1,693.39
f) Depreciation and amortisation expense 367.68 323.79 356.53 1,372.58 393.82 342.83 384.85 1,477.55
g) Power and Fuel 200.63 313.97 384.42 1,594.33 205.37 323.72 393.67 1,633.95
h) Other expenses 1,177.41 2,899.20 2,758.70 12,790.42 1,444.58 3,106.11 3,037.06 13,925.65
Total Expenses 5,410.77 10,376.11 12,634.13 50,805.63 7,217.47 11,594.44 15,389.39 59,487.54
5.Profit before exceptional items and tax (3-4) (52.17) 75.48 687.62 2,435.03 (40.85) 424.63 672.33 2,677.66
6. Exceptional Items - - - - - - - -
7. Share of Profit of Associates - - - - (0.90) 15.97 61.21 230.31
8. Profit Before Tax (5-6+7) (52.17) 75.48 687.62 2,435.03 (41.75) 440.60 733.54 2,907.97
9. Tax Expenses:                
a) Current Tax (Refer note no. 4) - (29.67) 146.89 426.87 5.35 15.17 151.81 475.30
b) Deferred Tax - (98.61) (39.00) (422.07) - (98.61) (39.00) (422.07)
10. Net Profit After Tax ( 8-9 ) (52.17) 203.76 579.73 2,430.23 (47.10) 524.04 620.73 2,854.74
11. Other Comprehensive Income:                
a) Items that will not be re-classified to the Statement of Profit & Loss                
i) Re-measurements of defined employees benefit plans 14.00 (46.20) (52.70) (53.10) 14.00 (46.20) (52.70) (53.10)
ii) Deferred tax related on items that will not reclassified to profit or loss (3.50) 11.10 17.92 13.38 (3.50) 11.10 17.92 13.38
b) Items that will be re-classified to the Statement of Profit & Loss - - - -   - - -
Total Other Comprehensive Income 10.50 (35.10) (34.78) (39.72) 10.50 (35.10) (34.78) (39.72)
12.Total comprehensive income for the period (10-11) (41.67) 168.66 544.95 2,390.51 (36.60) 488.94 585.95 2,815.02
13. Paid-up equity share capital (face value of Rs. 10/-each) 1,102.50 1,102.50 1,102.50 1,102.50 1,102.50 1,102.50 1,102.50 1,102.50
Earning per equity share of Rs. 10/- each (Not annualised)                
a) Basic (0.47) 1.85 5.26 22.04 (0.43) 4.75 5.63 25.89
b) Diluted (0.47) 1.85 5.26 22.04 (0.43) 4.75 5.63 25.89
                 
                 
Segment wise Revenue, Results, Assets and Liabilities
Particulars STANDALONE CONSOLIDATED
Quarter ended Year ended Quarter ended Year ended
30.06.2020 31.03.2020 30.06.2019 31.03.2020 30.06.2020 31.03.2020 30.06.2019 31.03.2020
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1.Segment Revenue                
a) Leather & Leather Products 4,821.97 8,604.48 11,376.96 44,989.69 6,640.00 10,171.97 14,116.93 53,914.24
b) Textile Products 536.63 1,847.10 1,944.79 8,250.96 536.63 1,847.10 1,944.79 8,250.96
Total Segment Revenue 5,358.60 10,451.58 13,321.75 53,240.65 7,176.63 12,019.07 16,061.72 62,165.20
Less: Inter segment revenue - - - -   - - -
Income from Operations 5,358.60 10,451.58 13,321.75 53,240.65 7,176.63 12,019.07 16,061.72 62,165.20
2.Segment Results                
(Profit before finance cost and tax)                
a) Leather & Leather Products 211.61 226.72 1,011.21 3,614.52 268.71 634.41 1,095.79 4,270.69
b) Textile Products 12.96 119.25 94.80 330.67 12.96 119.25 94.80 330.67
Total Profit before finance cost and tax 224.57 345.97 1,106.01 3,945.19 281.67 753.66 1,190.59 4,601.36
Less: Finance Cost 276.74 270.49 418.39 1,510.16 323.42 313.06 457.05 1,693.39
Profit Before Tax (52.17) 75.48 687.62 2,435.03 (41.75) 440.60 733.54 2,907.97

3. Segment Assets

               
a) Leather & Leather Products 48,259.84 50,679.44 53,089.94 50,679.44 57,097.69 59,191.33 62,235.71 59,191.33
b) Textile Products 9,074.87 9,273.83 9,715.61 9,273.83 9,074.87 9,273.83 9,715.61 9,273.83
Total 57,334.71 59,953.27 62,805.55 59,953.27 66,172.56 68,465.16 71,951.32 68,465.16
4. Segment Liabilities                

a) Leather & Leather Products

20,716.50 23,136.37 26,884.65 23,136.37 25,317.41 27,416.35 32,192.39 27,416.35

b) Textile Products

5,566.10 5,723.12 6,539.76 5,723.12 5,566.10 5,723.12 6,539.76 5,723.12
Total 26,282.60 28,859.49 33,424.41 28,859.49 30,883.51 33,139.47 38,732.15 33,139.47

5.Capital Employed

               

a) Leather & Leather Products

27,543.34 27,543.07 26,205.29 27,543.07 31,780.28 31,774.98 30,043.32 31,774.98

b) Textile Products

3,508.77 3,550.71 3,175.85 3,550.71 3,508.77 3,550.71 3,175.85 3,550.71

Total

31,052.11 31,093.78 29,381.14 31,093.78 35,289.05 35,325.69 33,219.17 35,325.69

 
NOTES:-
 
1. The un-audited INDAS Financial Results have been reviewed by the Audit Committee and were taken on record and approved by the Board of Directors in their meeting held on 12th September, 2020. These results have been subjected to limited review by statutory auditors of the company.
 
2. These financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of the parent company and its subsidiaries (together referred as the "Group") have been prepared in accordance with IND-AS 110 - Consolidated financial statements".
 
3. The figures for the quarter ended March 31, 2020 are balancing figures between audited figures in respect of financial year ended March 31, 2020 and the published year to date unaudited figures upto the third quarter ended on December 31, 2019.
 
4. During the Quarter ended June 30, 2020 company's operations were affected due to lockdown announced on account of COVID-19, pandemic by Government. This has impacted financial performance of the company. The company has analysed all the relevant parametres associated with the risk due to pendamic COVID-19 and is of the opinion that it will not have any material impact on the recoverability of the carrying value of its assets at June 30, 2020 and going concern assumption.
 
5. Figures of the previous period have been regrouped and rearranged wherever necessary to correspond with current period's classification/disclosure.
 
  For and on behalf of the BOARD     
 
Date: 12.09.2020
Place - Unnao
Mukhtarul Amin                    
Chairman and Managing Director          
DIN - 12108                     
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