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Quarterly Financial Results
 

STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2019

(Rs. In Lacs except earning per share data)
Particulars STANDALONE CONSOLIDATED
Quarter Ended Year Ended Quarter Ended Year Ended
30.06.2019 31.03.2019 30.06.2018 31.03.2019 30.06.2019 31.03.2019 30.06.2018 31.03.2019
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1. Revenue from Operations :
a) Sales/Income from Operations 12,539.98 13,320.69 14,286.34 56,752.32 15,183.96 15,222.84 16,562.01 66,781.37
b) Other Operating Income 416.55 799.87 538.67 2,658.64 416.55 799.87 538.67 2,658.64
Total Revenue from Operations 12,956.53 14,120.56 14,825.01 59,410.96 15,600.51 16,022.71 17,100.68 69,440.01
2. Other Income 365.22 283.41 30.19 620.08 461.21 241.24 371.06 745.82
3. Total Income (1+2) 13,321.75 14,403.97 14,855.20 60,031.04 16,061.72 16,263.95 17,471.74 70,185.83
4. Expenses:
a) Cost of materials consumed 6,530.03 6,800.07 7,849.74 31,352.33 6,530.02 7,576.5 7,849.74 32,128.77
b)Purchase of stock-in-trade 833.71 707.90 830.85 3,217.49 2,480.11 1,387.97 2,110.69 10,160.91
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade 344.54 1,130.76 (158.31) 323.79 712.81 758.53 221.46 (82.31)
d) Employee benefits expense 1,007.81 953.64 1,033.81 4,063.86 1,393.82 1,364.25 1,404.67 5,646.59
e) Finance Cost 418.39 427.74 482.92 1,760.32 457.05 486.24 512.80 1,935.55
f) Depreciation and amortisation expense

356.53

286.76 357.12 1,410.57 384.85 330.91 382.91 1,538.06
g) Power and Fuel 384.42 387.34 417.43 1,676.54 393.67 429.07 426.68 1,722.04
h) Other expenses 2,758.70 3,342.84 3,138.03 13,315.63 3,037.06 3,497.03 3,542.47 13,966.21
Total Expenses 12,634.13 14,037.05 13,951.59 57,120.53 15,389.39 15,830.50 16,451.42 67,015.82
5.Profit before exceptional items and tax (3-4) 687.62 366.92 903.61 2,910.51 672.33 433.45 1,020.32 3,170.01
6. Exceptional Items - - - -   - - -
7. Share of Profit of Associates - - - - 61.21 118.30 61.54 285.70
8. Profit Before Tax (5-6+7) 687.62 366.92 903.61 2,910.51 733.54 551.75 1,081.86 3,455.71
9. Tax Expenses:                
a) Current Tax (Refer note no. 4) 146.89 7.07 323.40 846.68 151.81 43.24 343.49 921.42
b) Deferred Tax (39.00) 113.40 15.58 150.00 (39.00) 121.73 15.58 158.33
10. Net Profit After Tax ( 8-9 ) 579.73 246.45 564.63 1,913.83 620.73 386.78 722.79 2,375.96
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 (52.70) (15.18) 14.94 (5.03) (52.70) (15.18) 14.94 (5.03)
ii) Deferred tax related on items that will not reclassified to profit or loss 17.92 5.34 (5.22) 1.55 17.92 5.34 (5.22) 1.55
b) Items that will be re-classified to the Statement of Profit & Loss - - - -   - - -
Total Other Comprehensive Income (34.78) (9.84) 9.72 (3.48) (34.78) (9.84) 9.72 (3.48)
12.Total comprehensive income for the period (10-11) 544.95 236.61 574.35 1,910.35 585.95 376.94 732.51 2,372.48
13. Paid-up equity share capital (face value of Rs. 10/-each) 1,141.98 1,141.98 1,141.98 1,141.98 1,141.98 1,141.98 1,141.98 1,141.98
Earning per equity share of Rs. 10/- each (Not annualised)                
a) Basic 5.26 2.24 5.12 17.36 5.63 3.51 6.56 21.55
b) Diluted 5.26 2.24 5.12 17.36 5.63 3.51 6.56 21.55
                 
                 
Segment wise Revenue, Results, Assets and Liabilities
Particulars STANDALONE CONSOLIDATED
Quarter ended Year ended Quarter ended Year ended
30.06.2019 31.03.2019 30.06.2018 31.03.2019 30.06.2019 31.03.2019 30.06.2018 31.03.2019
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1.Segment Revenue
a) Leather & Leather Products 11,376.96 12,544.58 12,640.73 51,425.47 14,116.93 14,404.56 15,257.27 61,580.26
b) Textile Products 1,944.79 1,859.39 2,214.47 8,605.57 1,944.79 1,859.39 2,214.47 8,605.57
Total Segment Revenue 13,321.75 14,403.97 14,855.20 60,031.04 16,061.72 16,263.95 17,471.74 70,185.83
Less: Inter segment revenue - - - -   - - -
Income from Operations 13,321.75 14,403.97 14,855.20 60,031.04 16,061.72 16,263.95 17,471.74 70,185.83
2.Segment Results                
(Profit before finance cost and tax)                
a) Leather & Leather Products 1,011.21 807.96 1,255.07 4311.62 1,095.79 1,051.29 1,463.20 5,032.05
b) Textile Products 94.80 (13.30) 131.46 359.21 94.80 (13.30) 131.46 359.21
Total Profit before finance cost and tax 1,106.01 794.66 1,386.53 4,670.83 1,190.59 1,037.99 1,594.66 5,391.26
Less: Finance Cost 418.39 427.74 482.92 1,760.32 457.05 486.24 512.80 1,935.55
Profit Before Tax 687.62 366.92 903.61 2,910.51 733.54 551.75 1,081.86 3,455.71

3. Segment Assets

               
a) Leather & Leather Products 53,089.94 52,230.49 54,003.47 52,230.49 62,235.71 61,152.61 62,313.13 61,152.61
b) Textile Products 9,715.61 10,006.27 10,158.91 10,006.27 9,715.61 10,006.27 10,158.91 10,006.27
Total 62,805.55 65,236.76 64,162.38 62,236.76 71,951.32 71,158.88 72,472.04 71,158.88
4. Segment Liabilities                

a) Leather & Leather Products

26,884.65 26,428.90 29,457.73 26,428.90 32,192.39 31,876.22 34,316.88 31,876.22

b) Textile Products

6,539.76 6,971.67 7,088.46 6,971.67 6,539.76 6,971.67 7,088.46 6,971.67
Total 33,424.41 33,400.57 36,546.19 33,400.57 38,732.15 38,847.89 41,405.34 38,847.89

5.Capital Employed

               

a) Leather & Leather Products

26,205.29 25,801.59 24,545.74 25,801.59 30,043.32 29,276.39 27,996.25 29,276.39

b) Textile Products

3,175.85 3,034.60 3,070.45 3,034.60 3,175.85 3,034.60 3,070.45 3,034.60

Total

29,381.14 28,836.19 27,616.19 28,836.19 33,219.17 32,310.99 31,066.70 32,310.99

 
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 14th August 2019. These results have been subjected to limited reviewed by Statutory auditors of the Company. However, since the consolidated financial results of the company are being submitted for the first time pursuant to the mandatory requirement with effect from 1st, April 2019, the consolidated figures for the comparative periods for the quarter ended 30th June 2018 and the quarter ended 31st March 2019, as reported as these financial results, have not been subjected to limited review.
 
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, 2019 are balancing figures between audited figures in respect of financial year ended March 31, 2019 and the published year to date unaudited figures upto the third quarter ended on December 31, 2018.
 
4.Tax Expense (Current tax) for the quarter ended 30th June 2019 is net of Income tax adjustments relating to earlier years amounting to Rs. 133.11 Lacs.
 
5.Figures of the previous period have been regrouped and rearranged wherever necessary to correspond with current period's classification/disclosure.
 
6Figures 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: 14.08.2019
Place - Unnao
Mukhtarul Amin                    
Chairman and Managing Director          
DIN - 12108                     
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