Home  -  Investors  -  Quarterly Financial Results
Chairman Message
Board of Directors
Ten Year Highlights
Stock Information
Shareholding Pattern
Committees
Investors Support
Unpaid Dividend and Shares
Downloads
Quarterly Financial Results  
Quarterly Financial Results
 

STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021

(Rs. In Lacs except earning per share data)
Particulars STANDALONE CONSOLIDATED
Quarter Ended Year Ended Quarter Ended Year Ended
30.06.2021 31.03.2021 30.06.2020 31.03.2021 30.06.2021 31.03.2021 30.06.2020 31.03.2021
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1. Revenue from Operations :
a) Sales/Income from Operations 11,986.07 13,543.69 4,996.87 43,728.67 13,838.82 15,927.09 6,755.11 52,007.49
b) Other Operating Income 348.40 570.89 214.21 1,667.17 348.40 570.89 214.21 1,667.17
Total Revenue from Operations 12,334.47 14,114.58 5,211.08 45,395.84 14,187.22 16,497.98 6,969.32 53,674.66
2. Other Income 213.11 198.51 147.52 627.10 240.63 280.09 207.30 840.91
3. Total Income (1+2) 12,547.58 14,313.09 5,358.60 46,022.94 14,427.85 16,778.07 7,176.62 54,515.57
4. Expenses:                
a) Cost of materials consumed 7,509.95 6,704.87 2,908.75 22,915.00 7,509.95 6,704.88 2,908.75 22,915.01
b)Purchase of stock-in-trade 846.84 850.78 88.29 2,569.60 1,980.06 2,596.83 1,229.99 7,982.02
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade (1,223.66) 1,591.13 (187.21) 1,398.75 (1,313.72) 1,376.96 (116.87) 1,264.04
d) Employee benefits expense 989.46 876.89 578.48 3,236.83 1,350.13 1,438.44 828.41 4,656.04
e) Finance Cost 156.98 195.42 276.74 971.14 187.64 232.92 323.42 1,131.86
f) Depreciation and amortisation expense 336.44 342.65 367.68 1,440.22 345.67 354.24 393.82 1,532.87
g) Power and Fuel 349.02 384.95 200.63 1,312.31 359.94 401.40 205.37 1,350.04
h) Other expenses 2,511.05 2,942.07 1,177.41 9,687.19 2,778.00 3,186.12 1,444.58 10,670.20
Total Expenses 11,476.08 13,888.76 5,410.77 43,531.04 13,197.67 16,291.79 7,217.47 51,502.08
5.Profit before exceptional items and tax (3-4) 1,071.50 424.33 (52.17) 2,491.90 1,230.18 486.28 (40.85) 3,013.49
6. Exceptional Items 382.21 - - - 382.21 - - -
7. Share of Profit of Associates - - - - 118.99 134.65 (0.90) 358.43
8. Profit Before Tax (5-6+7) 689.29 424.33 (52.17) 2,491.90 966.96 620.93 (41.75) 3,371.92
9. Tax Expenses:                
a) Current Tax (Refer note no. 4) 260.00 91.39 - 514.25 268.24 97.15 5.35 559.98
b) Deferred Tax (68.11) (16.54) - 13.96 (68.11) (16.54) - 13.96
10. Net Profit After Tax ( 8-9 ) 497.40 349.48 (52.17) 1,963.69 766.83 540.32 (47.10) 2,797.98
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 13.77 21.65 14.00 61.51 13.77 21.65 14.00 61.51
ii) Deferred tax related on items that will not reclassified to profit or loss (3.47) (5.63) (3.50) (15.99) (3.47) (5.63) (3.50) (15.99)
b) Items that will be re-classified to the Statement of Profit & Loss - - - - - - - -
Total Other Comprehensive Income 10.30 16.02 10.50 45.52 10.30 16.02 10.50 45.52
12.Total comprehensive income for the period (10-11) 507.70 365.50 (41.67) 2,009.21 777.13 556.34 (36.60) 2,843.50
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 4.51 3.17 (0.47) 17.81 6.96 4.90 (0.43) 25.38
b) Diluted 4.51 3.17 (0.47) 17.81 6.96 4.90 (0.43) 25.38
                 
                 
Segment wise Revenue, Results, Assets and Liabilities
Particulars STANDALONE CONSOLIDATED
Quarter ended Year ended Quarter ended Year ended
30.06.2021 31.03.2021 30.06.2020 31.03.2021 30.06.2021 31.03.2021 30.06.2020 31.03.2021
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1.Segment Revenue                
a) Leather & Leather Products 10,347.19 11,343.95 4,821.97 38,159.33 12,227.46 13,808.93 6,640.00 46,651.96
b) Textile Products 2,200.39 2,969.14 536.63 7,863.61 2,200.39 2,969.14 536.63 7,863.61
Total Segment Revenue 12,547.58 14,313.09 5,358.60 46,022.94 14,427.85 16,778.07 7,176.63 54,515.57
Less: Inter segment revenue - - - -   - - -
Income from Operations 12,547.58 14,313.09 5,358.60 46,022.94 14,427.85 16,778.07 7,176.63 54,515.57
2.Segment Results              
(Profit before finance cost and tax)              
a) Leather & Leather Products 861.60 368.25 211.61 2,735.61 1,169.93 602.35 268.71 3,776.35
b) Textile Products (15.33) 251.50 12.96 727.43 (15.33) 251.50 12.96 727.43
Total Profit before finance cost and tax 846.27 619.75 224.57 3,463.04 1,154.60 853.85 281.67 4,503.78
Less: Finance Cost 156.98 195.42 276.74 971.14 187.64 232.92 323.42 1,131.86
Profit Before Tax 689.29 424.33 (52.17) 2,491.90 966.96 620.93 (41.75) 3,371.92

3. Segment Assets

             
a) Leather & Leather Products 52,537.57 49,363.99 48,259.84 49,363.99 63,234.55 58,650.56 57,097.69 58,650.56
b) Textile Products 8,159.14 8,826.44 9,074.87 8,826.44 8,159.14 8,826.44 9,074.87 8,826.44
Total 60,696.71 58,190.43 57,334.71 58,190.43 71,393.69 67,477.00 66,172.56 67,477.00
4. Segment Liabilities              

a) Leather & Leather Products

23,083.14 20,898.40 20,716.50 20,898.40 28,444.68 25,118.94 25,317.41 25,118.94

b) Textile Products

4,091.08 4,277.24 5,566.10 4,277.24 4,091.08 4,277.24 5,566.10 4,277.24
Total 27,174.22 25,175.64 26,282.60 25,175.64 32,535.76 29,396.18 30,883.51 29,396.18

5.Capital Employed

             

a) Leather & Leather Products

29,454.43 28,465.59 27,543.34 28,465.59 34,789.87 33,531.62 31,780.28 33,531.62

b) Textile Products

4,068.06 4,549.20 3,508.77 4,549.20 4,068.06 4,549.20 3,508.77 4,549.20

Total

33,522.49 33,014.79 31,052.11 33,014.79 38,857.93 38,080.82 35,289.05 38,080.82

 
NOTES:-
 
1. The un-audited 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, 2021. 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, 2021 are balancing figures between audited figures in respect of financial year ended March 31, 2021 and the published year to date unaudited figures upto the third quarter ended on December 31, 2020.
 
4. The company has analysed all the relevant parameters associated with the risk due to pandemic COVID-19 and is of opinion that it will not have any material impact on the recoverability of the carrying value of its assets at at June 30, 2021 and going concern assumption. 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. 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: 14.08.2021
Place - Unnao
Zafarul Amin                          
Chairman and Managing Director          
DIN - 15533                          
mens footwear, ladies footwear, leather accessories, leather goods, leather, finished leather, safety footwear,readymade garments, riding products
leather, rugs, saddlery, apparels, leather belts, finished leather, fashion footwear, safety footwear, mens footwear, ladies footwear, leather accessories, leather goods, readymade garments, riding products, kids footwear, children footwear, saddlery manufacturing, shoes manufacturing, sandles manufacturing, chappals manufacturing, leather portfolio, fashion footwear, footwear manufacturing, finished leather footwear, leather garments rugs, leather footwear accessories, accessories leather garments, chaps textile garments