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STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2024

(Rs. In Lacs except earning per share data)
Particulars STANDALONE CONSOLIDATED
Quarter Ended Year Ended Quarter Ended Year Ended
30.06.2024 31.03.2024 30.06.2023 31.03.2024 30.06.2024 31.03.2024 30.06.2023 31.03.2024
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1. Revenue from Operations :
a) Sales/Income from Operations 10,563.74 12,736.22 12,387.98 50,026.76 13,801.30 15,881.85 15,937.61 64,381.07
b) Other Operating Income 457.21 599.47 466.88 2,033.93 493.50 635.66 503.63 2,149.88
Total Revenue from Operations 11,020.95 13,335.69 12,854.86 52,060.69 14,294.80 16,517.51 16,441.24 66,530.95
2. Other Income 180.48 221.64 137.58 911.35 232.76 381.91 190.03 1,197.19
3. Total Income (1+2) 11,201.43 13,557.33 12,992.44 52,972.04 14,527.56 16,899.42 16,631.27 67,728.14
4. Expenses:                
a) Cost of materials consumed 5,968.81 6,142.19 6,301.91 23,367.75 6,647.47 6,763.68 7,065.68 26,171.26
b)Purchase of stock-in-trade 1,092.72 971.38 1,318.80 5,065.71 1,511.42 3,838.87 1,987.79 11,299.55
c)Changes in inventoris of finished goods, work-in- -progress and stock-in-trade (1,043.18) 934.67 141.27 2,765.47 (468.18) (1,258.60) 814.73 1,657.70
d) Employee benefits expense 1,344.06 1,232.80 1,148.34 4,794.06 2,109.27 2,013.94 1,690.16 7,221.60
e) Finance Cost 303.93 389.26 327.72 1,336.90 435.86 540.97 412.62 1,789.12
f) Depreciation and amortisation expense 382.85 364.44 393.02 1,538.36 453.77 501.95 427.74 1,813.46
g) Power and Fuel 351.42 368.99 398.88 1,574.38 395.16 421.47 441.17 1,746.46
h) Other expenses 2,588.61 2,870.25 2,790.34 11,498.85 3,374.69 3,737.08 3,530.56 14,497.74
Total Expenses 10,989.22 13,273.98 12,820.28 51,941.48 14,459.46 16,559.36 16,370.45 66,196.89
5.Profit before exceptional items and tax (3-4) 212.21 283.35 172.16 1,030.56 68.10 340.06 260.82 1,531.25
6. Exceptional Items (Refer note no. 4) 620.17 - - - 620.17 - - -
7. Profit Before Tax (5-6) 832.38 283.35 172.16 1,030.56 688.27 340.06 260.82 1,531.25
8. Tax Expenses:                
a) Current Tax 47.95 7.29 43.80 146.19 47.95 (17.13) 98.85 246.87
b) Deferred Tax 124.10 31.60 1.21 91.80 124.10 49.60 1.21 111.80
9. Net Profit After Tax (7-8 ) 660.33 244.46 127.15 792.57 516.22 307.59 160.76 1,172.58
10. Share of Profit of Associates - - - - 24.61 55.57 48.50 210.36
11. Profit after tax including share of profit of associates (9+10) 660.33 244.46 127.15 792.57 540.83 363.16 209.26 1,382.94
12. 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 (2.94) (7.91) (12.32) (5.67) (2.94) (7.91) (12.32) (5.67)
ii) Deferred tax related on items that will not reclassified to profit or loss 0.74 1.98 3.10 1.42 0.74 1.98 3.10 1.42
b) Items that will be re-classified to the Statement of Profit & Loss - - - - - - - -
Total Other Comprehensive Income (2.20) (5.93) (9.22) (4.25) (2.20) (5.93) (9.22) (4.25)
13.Total comprehensive income for the period (11-12) 658.13 238.53 117.93 788.32 538.63 357.23 200.04 1,378.69
14. a) Profit attributable to Non Controlling Equity Holders - - - - (40.61) (36.32) 58.62 133.47
b) Profit attributable to Controlling Equity Holders - - - - 579.24 393.55 141.42 1,245.22
15. Paid-up equity share capital 1,102.50 1,102.50 1,102.50 1,102.50 1,074.97 1,074.97 1,102.50 1,074.97
16. Face value of equity share capital (Rs.) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
17. Other Equity (excluding revaluation reserve) - - - 37,037.58 - - - 44,698.79
18. Earning per equity share of Rs. 10/- each (Not annualised)                
a) Basic 5.99 2.22 1.15 7.19 4.91 3.29 1.90 12.54
b) Diluted 5.99 2.22 1.15 7.19 4.91 3.29 1.90 12.54
                 
Segment wise Revenue, Results, Assets and Liabilities
Particulars STANDALONE CONSOLIDATED
Quarter Ended Year Ended Quarter Ended Year Ended
30.06.2024 31.03.2024 30.06.2023 31.03.2024 30.06.2024 31.03.2024 30.06.2023 31.03.2024
Unaudited Audited Unaudited Audited Unaudited Audited Unaudited Audited
1.Segment Revenue
a) Leather & Leather Products 9,824.21 11,904.21 11,595.94 46,539.20 13,150.34 15,246.30 15,234.77 61,295.30
b) Textile Products 1,377.22 1,653.12 1,396.50 6,432.84 1,377.22 1,653.12 1,396.50 6,432.84
Total Segment Revenue 11,201.43 13,557.33 12,992.44 52,972.04 14,527.56 16,899.42 16,631.27 67,728.14
Less: Inter segment revenue - - - - - - - -
Income from Operations 11,201.43 13,557.33 12,992.44 52,972.04 14,527.56 16,899.42 16,631.27 67,728.14
2.Segment Results                
(Profit before finance cost and tax)                
a) Leather & Leather Products 1,101.49 592.87 456.12 2,077.69 1,089.31 801.29 629.68 3,030.60
b) Textile Products 34.82 79.74 43.76 289.77 34.82 79.74 43.76 289.77
Total Profit before finance cost and tax 1,136.31 672.61 499.88 2,367.46 1,124.13 881.03 673.44 3,320.37
Less: Finance Cost 303.93 389.26 327.72 1,336.90 435.86 540.97 412.62 1,789.12
Profit Before Tax 832.38 283.35 172.16 1,030.56 688.27 340.06 260.82 1,531.25

3. Segment Assets

               
a) Leather & Leather Products 58,516.85 55,092.99 58,218.69 55,092.99 80,018.85 76,214.05 75,122.49 76,214.05
b) Textile Products 7,637.75 7,142.53 7,386.53 7,142.53 7,637.75 7,142.53 7,386.53 7,142.53
Total 66,154.60 62,235.52 65,605.22 62,235.52 87,656.60 83,356.58 82,509.02 83,356.58
4. Segment Liabilities                

a) Leather & Leather Products

24,959.80 22,197.68 25,630.28 22,197.68 37,538.09 34,284.70 34,593.40 34,284.70

b) Textile Products

2,391.90 1,893.07 2,390.30 1,893.07 2,391.90 1,893.07 2,390.30 1,893.07
Total 27,351.70 24,090.75 28,020.58 24,090.75 39,929.99 36,177.77 36,983.70 36,177.77

5.Capital Employed

               

a) Leather & Leather Products

33,557.05 32,895.31 32,588.41 32,895.31 42,480.76 41,929.35 40,529.09 41,929.35

b) Textile Products

5,245.85 5,249.46 4,996.23 5,249.46 5,245.85 5,249.46 4,996.23 5,249.46

Total

38,802.90 38,144.77 37,584.64 38,144.77 47,726.61 47,178.81 45,525.32 47,178.81
                 

 
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, 2024. 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, 2024 are balancing figures between audited figures in respect of financial year ended March 31, 2024 and the published year to date unaudited figures upto the third quarter ended on December 31, 2023.
 
4. Exceptional Item amounting to Rs. 620.17 Lacs represent profit 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.
 
5. 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: 14.08.2024
Place - Unnao
Mukhtarul Amin                   
Chairman and Managing Director  
DIN - 12108                     
mens footwear, ladies footwear, leather accessories, leather goods, leather, finished leather, safety footwear,readymade garments, riding products
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