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Quarterly Financial Results  
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STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

(Rs. In Lacs except earning per share data)
Particulars STANDALONE
Quarter Ended Half Year Ended Year Ended
30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1. Revenue from Operations :
a) Sales/Income from Operations 13,555.82 11,986.07 11,803.87 25,541.89 16,800.74 43,728.67
b) Other Operating Income 438.87 348.40 540.45 787.27 754.66 1,667.17
Total Revenue from Operations 13,994.69 12,334.47 12,344.32 26,329.16 17,555.40 45,395.84
2. Other Income 247.80 213.11 126.01 460.91 273.53 627.10
3. Total Income (1+2) 14,242.49 12,547.58 12,470.33 26,790.07 17,828.93 46,022.94
4. Expenses:
a) Cost of materials consumed 7,889.34 7,509.95 6,075.79 15,399.29 8,984.54 22,915.00
b)Purchase of stock-in-trade 849.73 846.84 697.88 1,696.57 786.17 2,569.60
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade (688.70) (1,223.66) 77.30 (1,912.36) (109.91) 1,398.75
d) Employee benefits expense 1,028.15 989.46 853.19 2,017.61 1,431.67 3,236.83
e) Finance Cost 165.33 156.98 273.30 322.31 550.04 971.14
f) Depreciation and amortisation expense 363.55 336.44 368.60 699.99 736.28 1,440.22
g) Power and Fuel 419.54 349.02 354.40 768.56 555.03 1,312.31
h) Other expenses 3,342.62 2,511.05 2,715.80 5,853.67 3,893.21 9,687.19
Total Expenses 13,369.56 11,476.08 11,416.26 24,845.64 16,827.03 43,531.04
5.Profit before exceptional items and tax (3-4) 872.93 1,071.50 1,054.07 1,944.43 1,001.90 2,491.90
6. Exceptional Items (Refer note no. 5) - 382.21 - 382.21 - -
7. Profit Before Tax (5-6) 872.93 689.29 1,054.07 1,562.22 1,001.90 2,491.90
8. Tax Expenses:            
a) Current Tax 241.00 260.00 145.86 501.00 145.86 514.25
b) Deferred Tax 7.90 (68.11) 32.50 (60.21) 32.50 13.96
9. Net Profit After Tax ( 7-8 ) 624.03 497.40 875.71 1,121.43 823.54 1,963.69
10. 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 (24.20) 13.77 (7.55) (10.43) 6.45 61.51
ii) Deferred tax related on items that will not reclassified to profit or loss 6.07 (3.47) 1.35 2.60 (2.15) (15.99)
b) Items that will be re-classified to the Statement of Profit & Loss - - - - - -
Total Other Comprehensive Income (18.13) 10.30 (6.20) (7.83) 4.30 45.52
11.Total comprehensive income for the period (9+10) 605.90 507.70 869.51 1,113.60 827.84 2,009.21
12. 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
13. Paid-up equity share capital (face value of Rs. 10/-each) - - - - - 31,912.29
14. Earning per equity share of Rs. 10/- each (Not annualised)            
a) Basic 5.66 4.51 7.94 10.17 7.47 17.81
b) Diluted 5.66 4.51 7.94 10.17 7.47 17.81
             
             
Segment wise Revenue, Results, Assets and Liabilities for the Quarter and half year ended on 30th September 2021
Particulars Quarter Ended Half Year Ended Year Ended
30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1.Segment Revenue
a) Leather & Leather Products 11,253.00 10,347.19 10,151.29 21,600.19 14,973.26 38,159.33
b) Textile Products 2,989.49 2,200.39 2,319.04 5,189.88 2,855.67 7,863.61
Total Segment Revenue 14,242.49 12,547.58 12,470.33 26,790.07 17,828.93 46,022.94
Less: Inter segment revenue - - - - - -
Income from Operations 14,242.49 12,547.58 12,470.33 26,790.07 17,828.93 46,022.94
2.Segment Results            
(Profit before finance cost and tax)            
a) Leather & Leather Products 772.40 861.60 1,078.54 1,634.00 1,290.15 2,735.61
b) Textile Products 265.86 (15.33) 248.83 250.53 261.79 727.43
Total Profit before finance cost and tax 1,038.26 846.27 1,327.37 1,884.53 1,551.94 3,463.04
Less: Finance Cost 165.33 156.98 273.30 322.31 550.04 971.14
Profit Before Tax 872.93 689.29 1,054.07 1,562.22 1,001.90 2,491.90

3. Segment Assets

           
a) Leather & Leather Products 51,950.75 52,537.57 49,947.61 51,950.75 49,947.61 49,363.99
b) Textile Products 8,754.59 8,159.14 9,102.02 8,754.59 9,102.02 8,826.44
Total 60,705.34 60,696.71 59,049.63 60,705.34 59,049.63 58,190.43
4. Segment Liabilities            

a) Leather & Leather Products

22,115.47 23,083.14 22,148.58 22,115.47 22,148.58 20,898.40

b) Textile Products

4,461.48 4,091.08 5,067.63 4,461.48 5,067.63 4,277.24
Total 26,576.95 27,174.22 27,216.21 26,576.95 27,216.21 25,175.64

5.Capital Employed

         

a) Leather & Leather Products

29,835.28 29,454.43 27,799.03 29,835.28 27,799.03 28,465.59

b) Textile Products

4,293.11 4,068.06 4,034.39 4,293.11 4,034.39 4,549.20

Total

34,128.39 33,522.49 31,833.42 34,128.39 31,833.42 33,014.79
             

 
NOTES:-
 
1. The un-audited IND-AS 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 13th November 2021. These results have been subjected to limited reviewed 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 September, 2020/2021 are balancing figures between unaudited figures in respect of half year ended September 2020/2021 and the published year to date figures upto the first quarter ended June 2020/2021.
 
4. The Company has considered the possible effcets that may from COVID-19 in the prepration of these intremin finacial result for the quarter and half year ended September 30,2021. In assessing the carrying value of its asset and liabilities.The company has considered internal and external information including the economic forecast available, and based on such information and assessment no further adjustments are required to be made and it will not have any affect on "Going Concern" assumption being followed. The impact of the pandemic may differ from that estimated as at the date of approval of these interim financial results.Such changes if any,will be prospectively recognised.The company will continue to closely monitor any material changes to future economic conditions.
 
5. Exceptional Item amounting to Rs. 382.21 Lacs represent loss on sale of Land and Building (property). Operation of one of the unit alongwith entire plant & machinery has been shifted to another location for better synergies and efficiency in operations; and the property has been disposed off to have additional liquidity for business operations of the company.
 
6. Tax Expense (Current tax) for the quarter/half year ended 30th September 2020 is net of Income tax adjustments relating to earlier years amounting to Rs. 146.14 Lacs.
 
7. 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: 13.11.2021
Place - Unnao
Zafarul Amin                   
Joint Managing Director         
DIN - 15533                     
mens footwear, ladies footwear, leather accessories, leather goods, leather, finished leather, safety footwear,readymade garments, riding products
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