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     |     Balance Sheet
 
 

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2017

(Rs. In Lacs except earning per share data)
Particulars Ind AS Quarter ended Ind AS Half year ended
30.09.2017 30.06.2017 30.09.2016 30.09.2017 30.09.2016
Audited Unaudited Unaudited Audited Unaudited
1. Income:
a) Revenue from operations (Including Excise Duty) 13,526.47 14,346.29 16,388.10 27,872.76 31,958.17
b) Other Income 250.86 268.29 131.86 519.15 332.38
Total Income from Operations 13,777.33 14,614.58 16,519.96 28,391.91 32,290.55
2. Expenses::
a) Cost of material consumed 6,934.61 7,197.13 7,520.23 14,131.74 16,894.41
b) Purchase of stock-in-trade 931.54 653.99 718.30 1,585.53 2,324.70
c) Changes in inventories of finished goods, work in progress and stock-in-trade 642.95 932.13 1,628.27 1,575.08 (111.01)
d) Excise Duty - 64.35 102.45 64.35 197.36
e) Employee benefits expense 954.18 1,045.67 1,080.00 1,999.85 2,105.50
f) Finance Cost 460.07 480.26 465.76 940.33 1,000.66
g) Depreciation and amortisation expense 316.31 397.13 392.06 713.44 741.06
h) Power and Fuel 411.69 373.20 344.53 784.89 694.33
i) Other expenses 2,974.59 3,105.97 3,666.61 6,080.56 7,121.40
Total Expenses 13,625.94 14,249.83 15,918.21 27,875.77 30,968.41
3. Profit before exceptional items and tax ( 1-2 ) 151.39 364.75 601.75 516.14 1,322.14
4. Exceptional Items - - - - -
5. Profit Before Tax (3-4) 151.39 364.75 601.75 516.14 1,322.14
6.Tax Expenses          
a) Current Tax 11.50 115.00 211.90 126.50 466.90
b) Deferred Tax 58.47 (4.63) 17.86 53.84 40.08
7. Net Profit After Tax ( 5-6 ) 81.42 254.38 371.99 335.80 815.16
8. 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 87.99 (26.67) 48.22 61.32 32.05
ii) Deferred tax related on items that will not reclassified (30.68) 9.30 (16.81) (21.38) (11.17)
b) Items that will be re-classified to the Statement of Profit & Loss - - - - -
Total Other Comprehensive Income 57.31 (17.37) 31.41 39.94 20.88
9. Total comprehensive income for the period ( 7+8 ) 138.73 237.01 403.40 375.74 836.04
10. 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
Earning per equity share of Rs. 10/- each (Not annualised)          
a) Basic 0.74 2.31 3.37 3.05 7.39
b) Diluted 0.74 2.31 3.37 3.05 7.39
 
 
Segment wise Revenue, Results, Assets and Liabilities for the Quarter and half year ended on 30th September, 2017
Particulars Ind AS Quarter ended Ind AS Half year ended
30.09.2017 30.06.2017 30.09.2016 30.09.2017 30.09.2016
  Audited Unaudited Unaudited Audited Unaudited
Particulars
1. Segment Revenue
a) Leather & Leather Products 11,323.78 12,250.53 13,926.16 23,574.31 26,961.75
b) Textile Products 2,453.55 2,364.05 2,593.80 4,817.60 5,328.80
Total Segment Revenue 13,777.33 14,614.58 16,519.96 28,391.91 32,290.55
Less: Inter segment revenue - - - - -
Income from Operations 13,777.33 14,614.58 16,519.96 28,391.91 32,290.55
2. Segment Results
(Profit before finance cost and tax)
a) Leather & Leather Products 559.36 849.36 1,010.28 1,408.72 2,045.14
b) Textile Products 52.10 (4.35) 57.23 47.75 277.66
Total Profit before finance cost and tax 611.46 845.01 1,067.51 1,456.47 2,322.80
Less: Finance Cost 460.07 480.26 465.76 940.33 1,000.66
Profit Before Tax 151.39 364.75 601.75 516.14 1,322.14
3. Segment Assets          
a) Leather & Leather Products 50,424.09 49,764.17 53,374.02 50,424.09 53,374.02
b) Textile Products 9,984.06 9,810.01 9,405.54 9,984.06 9,405.54
Total 60,408.15 59,574.18 62,779.56 60,408.15 62,779.56
4. Segment Liabilities          
a) Leather & Leather Products 27,416.66 27,061.91 31,339.85 27,416.66 31,339.85
b) Textile Products 6,775.56 6,496.44 5,907.14 6,775.56 5,907.14
Total 34,192.22 33,558.35 37,246.99 34,192.22 37,246.99
5. Capital Employed          
a) Leather & Leather Products 23,007.43 22,702.26 22,034.17 23,007.43 22,034.17
b) Textile Products 3,208.50 3,313.57 3,498.40 3,208.50 3,498.40
Total 26,215.93 26,015.83 25,532.57 26,215.93 25,532.57
 
NOTES:-
 
1. The above financial results were reviewed by the Audit Committee and were taken on record and approved by the Board of Directors in their meeting held on 14.12.2017.
 
2.The Company adopted the Indian Accounting Statndard (Ind AS) effective from 01st April 2017 (transaction date 1st April 2016) and accordingly, the financial results for half year ended 30th September 2016 have been re-stated to be Ind AS compliance and have not been subjected to audit. However the management has excercised necessary due diligence to ensure that Financial Results provide true and fair view of the Company's affairs.
 
3.Reconciliation of Net Profit for the quarter ended and half year ended 30th September 2016 as reported earlier in accordance with, previous Indian GAAP and now being reported in accordance with Ind AS is as Under:-
 
Particulars (Rs. in Lacs)
 

Quarter ended

30.09.2016

Half year ended

30.09.2016
Net Profit as per previous Indian GAAP

408.60

840.35
Add/(Less):-    
i) Reclassification of acturial loss and its related tax (48.22) (32.05)
ii) Reclassification of Govt. Grant for PPE 7.51 15.02
iii) Recalculation of Depreciation as a result of subsidy received (7.13) (14.26)
iv) Expected Credit Loss Provision (3.96) (3.96)
v) Deferred tax created on Ind AS adjustments 15.19 10.06
Net Profit as per Ind AS 371.99 815.16
 
4. 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- 14.12.2017
Place- Unnao		     
(Mukhtarul Amin)
(Chairman and Managing Director)
DIN - 12108
© Copyright 2009, all rights reserved with Superhouse Group
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