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Quarterly Financial Results     |     Balance Sheet
 

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2018

(Rs. In Lacs except earning per share data)
Particulars Ind AS Quarter ended Ind AS Half year ended Year ended
30.09.2018 30.06.2018 30.09.2017 30.09.2018 30.09.2017 31.03.2018
Unaudited Unaudited Audited Unaudited Audited Audited
1. Income :
a) Revenue from operations (Including Excise Duty) 15,410.93 14,825.01 13,526.47 30,235.94 27,872.76 56,369.90
b) Other Income 194.14 30.19 250.86 224.33 519.15 1,251.67
Total Income from Operations 15,605.07 14,855.20 13,777.33 30,460.27 28,391.91  57,621.57
2. Expenses:
a) Cost of materials consumed 9,030.93 7,849.74 6,934.61 16,880.67 14,131.74 29,920.65
b)Purchase of stock-in-trade 603.27 830.85 931.54 1,434.12 1,585.53 2,713.30
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade (701.86) (158.31) 642.95 (860.17) 1,575.08 1,397.50
d) Excise Duty - - - - 64.35 64.35
e)Employee benefits expenses 1,053.55 1,033.81 954.18 2,087.36 1,999.85 4,262.70
f) Finance Cost

389.69

 482.92 460.07 872.61 940.33 1,800.11
g) Depreciation and amortisation expense 410.03 357.12 316.31 767.15 713.44 1,469.57
h) Power and Fuel 464.52 417.43 411.69 881.95 784.89 1,558.53
i) Other expenses 3,307.34 3,138.03 2,974.59 6,445.37 6,080.56 12,480.92
Total Expenses 14,557.47 13,951.59 13,625.94 28,509.06 27,875.77 55,667.63
3. Profit before exceptional items and tax ( 1-2 ) 1,047.60 903.61 151.39 1,951.21 516.14 1,953.94
4. Exceptional Items - - - - - -
5. Profit Before Tax (3-4) 1,047.60 903.61 151.39 1,951.21 516.14 1,953.94
6. Tax Expenses:            
a) Current Tax 353.52 323.4 11.5 676.92 126.50 582.39
b) Deferred Tax 13.79 15.58 58.47 29.37 53.84 82.10
7. Net Profit After Tax ( 5-6 ) 680.29 564.63 81.42 1,244.92 335.80 1,289.45
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 20.30 14.94 87.99 35.24 61.32 13.60
ii) Deferred tax related on items that will not reclassified to profit or loss (6.76) (5.22) (30.68) (11.98) (21.38) (4.71)
b) Items that will be re-classified to the Statement of Profit & Loss - - - - - -
Total Other Comprehensive Income 13.54 9.72 57.31 23.26 39.94 8.89
9.Total comprehensive income for the period ( 7+8 ) 693.83 574.35 138.73 1,268.18 375.74 1,298.34
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 1,141.98
Earning per equity share of Rs. 10/- each (Not annualised)            
a) Basic 6.17 5.12 0.74 11.29 3.05 11.70
b) Diluted 6.17 5.12 0.74 11.29 3.05 11.70
             
             
Segment wise Revenue, Results, Assets and Liabilities for the Quarter ended on 30th September, 2018
Particulars Quarter Ended Ind AS Half year ended Year Ended
30.09.2018 30.06.2018 30.09.2017 30.09.2018 30.09.2017 31.03.2018
Unaudited Unaudited Audited Unaudited Audited Audited
1.Segment Revenue
a) Leather & Leather Products 13,495.86 12,640.73 11,323.78 26,136.59 23,574.31 47,394.28
b) Textile Products 2,109.21 2,214.47 2,453.55 4,323.68 4,817.60 10,227.29
Total Segment Revenue 15,605.07 14,855.20 13,777.33 30,460.27 28,391.91 57,621.57
Less: Inter segment revenue - - -     -
Income from Operations 15,605.07 14,855.20 13,777.33 30,460.27 28,391.91 57,621.57
2.Segment Results            
(Profit before finance cost and tax)            
a) Leather & Leather Products 1,413.84 1,255.07 559.36 2,668.91 1,408.72 3,566.94
b) Textile Products 23.45 131.46 52.1 154.91 47.75 187.11
Total Profit before finance cost and tax 1,437.29 1,386.53 611.46 2,823.82 1,456.47 3,754.05
Less: Finance Cost 389.69 482.92 460.07 872.61 940.33 1,800.11
Profit Before Tax 1,047.60 903.61 151.39 1,951.21 516.14 1,953.94

3. Segment Assets

            
a) Leather & Leather Products 56,292.56 54,003.47 50,424.09 56,292.56 50,424.09 52,044.67
b) Textile Products 10,111.10 10,158.91 9,984.06 10,111.10 9,984.06 10,200.44
Total 66,403.66 64,162.38 60,408.15 66,403.66 60,408.15 62,245.11
4. Segment Liabilities            

a) Leather & Leather Products

 30,962.92 29,457.73 27,416.66 30,962.92 27,416.66 28,030.65

b) Textile Products

 7,146.84 7,088.46 6,775.56 7,146.84 6,775.56 7,144.63
Total 38,109.76 36,546.19 34,192.22 38,109.76 34,192.22 35,175.28

5.Capital Employed

            

a) Leather & Leather Products

 25,329.64 24,545.74 23,007.43 25,329.64 23,007.43 24,014.02

b) Textile Products

 2,964.26 3,070.45 3,208.50 2,964.26 3,208.50 3,055.81

Total

 28,293.90 27,616.19 26,215.93 28,293.90 26,215.93 27,069.83

 
NOTES:-
 
1.The above un-audited 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 14th November, 2018.
 
2.The Statements of Financial Results has been prepared in accordance with the Companies (Indian Accounting Standards Rules 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
 
3.After implementation of the Goods & Service Tax (GST) with effect from 1st July 2017, Revenue from operations is required to be disclosed Net of GST in accordance with the requirements of Ind AS. Accordingly, the revenue from operations for the half year ended 30September, 2018 are not comparable with corresponding previous half year and year presented in the financial results which are reported inclusive of excise duty for part of the year i.e. upto June 2017.
 
4. Ind AS 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after April 1, 2018, replaces existing revenue recognition requirements. Under the modified retrospective approach there were no significant adjustments required to the retained earnings at April 1, 2018. Also, the application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results.
 
5. The Figure for the quarter ended September 30, 2018 are balancing figures between unaudited figures in respect of half year ended September 30, 2018 and the published year to date figures upto the first quarter ended on June 30, 2018.
 
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: 14.11.2018
Place - Unnao		 Zafarul Amin                    
(Joint Managing Director)          
DIN - 00015533                     
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