INVESTOR INFORMATION : FINANCIAL RELEASE

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON SEPTEMBER 30,2019

                                                       ( in Lacs)  


Sr. No. Particulars CONSOLIDATED STANDALONE

Quarter Ended

Six Months Ended

Quarter Ended

Six Months Ended
30.09.2019
(Unaudited)
30.06.2019
(Unaudited)
30.09.2018
(Unaudited)
30.09.2019
(Unaudited)
30.09.2018
(Unaudited)
30.09.2019
(Unaudited)
30.06.2019
(Unaudited)
30.09.2018
(Unaudited)
30.09.2019
(Unaudited)
30.09.2018
(Unaudited)
1 Income from Operations
(a) Sales / Income from Operations
1,280.52 1,277.72 1,437.98 2,558.24 2719.59 143.51 26.06 112.29 169.57 130.90
2 Other Income 42.92 19.66 71.59 62.58 109.81 - 0.15 - 0.15 -
3 Total Income (1 + 2) 1,323.44 1,297.38 1,509.57 2,620.82 2,829.40 143.51 26.21 112.29 169.72 130.90
4 Expenses                    
4a Cost of materials consumed 467.65 423.86 364.83 891.51 740.27 - - - - -
4b Purchase of stock-in-trade 43.27 5.69 - 48.96 - 43.27 5.69 - 48.96 -
4c Changes in inventories (190.44) (52.96) (11.43) (243.40) (149.41) (15.42) - - (15.42) -
4d Employee benefits expense 238.01 216.22 228.19 454.23 443.88 3.42 3.37 52.84 6.79 5.47
4e Finance cost 9.49 12.01 15.62 21.50 35.76 - - - - -
4f Depreciation & amortisation expense 78.22 77.75 79.51 155.97 178.45 (0.00) 0.01 0.01 0.01 0.02
4g Power & Fuel 173.84 163.07 139.36 336.91 275.50 - - -    
4h External processing cost 166.43 147.94 118.72 314.37 232.09 - - -  
4i Other expenditure 179.98 199.71 159.24 379.69 349.65 7.35 6.51 4.84 13.86 8.62
4j Total (4a to 4j) 1166.45 1193.29 1094.04 2359.74 2106.19 38.62 15.58 7.69 54.20 14.11
5 Profit before Exceptional item and Tax (3-4) 156.99 104.09 415.53 261.08 723.21 104.89 10.63 104.60 115.52 116.79
6 Exceptional Items - - - - - - - - - -
7 Profit before Tax (5-6) 156.99 104.09 415.53 216.08 723.21 104.89 10.63 104.60 115.52 116.79
8 Tax Expenses                    
  -Current tax 41.62 34.48 125.86 76.10 217.91 3.32 2.78 2.86 6.10 5.91
  -Earlier Years tax 0.12   3.41 0.12 3.41 0.12 - 0.06 0.12 0.06
  -Deferred tax (9.84) (5.42) (0.34) (15.26) (8.83) (0.00) - - (0.00) -
9 Net Profit for the period (7-8) 125.09 75.03 286.60 200.12 510.72 101.45 7.85 101.68 109.30 110.82
  Other Comprehensive Income                    
  A (i) Items that will not be reclassified to profit or loss 0.04 0.04 0.03 0.08 0.07 - - - - -
      (ii) Income tax relating to items that will not be reclassified to profit or loss  - - - - - - - - - -
  Total Other Comprehensive income (Net of tax) 0.04 0.04 0.03 0.08 0.07 - - - - -
  Total Comprehensive income for the period (Net of tax) 125.13 75.07 286.63 200.20 510.79 101.45 7.85 101.68 109.30 110.82
10 Paid up Equity Share Capital (Face Value of Rs. 10/- per share) 992.00 992.00 992.00 992.00 992.00 992.00 992.00 992.00 992.00 992.00
11 Earning Per Share (EPS)                    
  Basic 1.26 0.76 2.89 2.02 5.15 1.02 0.08 1.03 1.10 1.12
  Diluted 1.26 0.76 2.89 2.02 5.15 1.02 0.08 1.03 1.10 1.12

NOTES

1 The reuslts of the quarter and half year ended 30th September,2019 were reviewed by the Audit Commitee and approved by the Board of Directors at its meeting held on November 14, 2019. They have been subjected to limited review by the statutory auditors.

2 This statement 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. Beginning 1st April, 2019, the Company has for the first time adopted Ind AS with transition date of 1st April, 2018.

3 The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30th November, 2015 has been modified to comply with the requirements of SEBI's circular dated 5th July, 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, which are appolicable to companies that are required to comply with Ind AS.

4 The reconciliation of net profit reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS for the Quarter ended 30th June, 2018 is given below:

Sr. No. Particulars 3 Months
ended on
30.09.2018
6 Months
ended on
30.09.2018
3 Months
ended on
30.09.2018
6 Months
ended on
30.09.2018
    Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs
  Nature of Adjustment Standalone Consolidated
  Net Profit for the period under Previous GAAP 101.68 110.82 289.77 516.06
a) Employee benefits expense - Acturial Gain reclassified under OCI - - (0.05) (0.10)
b) Effects of reimbursement of defined benefit plan - - (3.23) (4.63)
c) Effects of provision expected credit loss - - (0.85) (2.37)
d) Deferred tax impact on Ind As adjustments - - 0.95 1.76
  Total - - (3.18) (5.34)
  Net Profit before OCI as per Ind AS 101.68 110.82 286.59 510.72
  Other Comprehensive Income (after Tax) - - 0.04 0.07
  Net Profit after OCI as per Ind AS 101.68 110.82 286.63 510.79

5 The Ind As compliant corresponding figures for the quarter ended 30th September, 2018 have not been subjected to audit or review. However, the Company's Management has execercised necessary due diligence to ensure that such financial result provide a true and fair view of its affairs.

6 The company has, in accordance with the Indian Accounting Standard (Ind AS) 108 - Operating Segments, identified Investment Activity, Trading Activity and Manufacturing Activities as its segments and financial details thereof are disclosed in a separate annexure attached herewith.

7 Previous period's figure have been reclassified, wherever necessary, to correspond with those of the current period

Place:Ahmedabad
FOR TAMBOLI CAPITAL LIMITED

Date:14.11.2019
 

 
 

 
(Vaibhav B. Tamboli)

 
DIRECTOR  & CEO

 
DIN: 00146081         

TAMBOLI CAPITAL LIMITEDED

STATEMENT OF ASSETS & LIABILITIES

(in Lacs)

Particulars
STANDALONE
As at
30.09.2019
CONSOLIDATED
As at
30.09.2019
(1) ASSETS    
Non-Current assets    
(a) Property, Plant and Equipment 0.07 1876.72
(b) Capital work-in-progress - 74.38
(c) Goodwill - -
(d) Other Intangible assets - -
(e) Financial Assets - -
(i) Investments 291.10 1.10
(ii) Loans 2.40 7.45
(iii) Other Non-current Financial Assets 1070.00 1645.79
(f) Other Non-current Assets - 78.75
(g) Deferred tax assets(Net) 2.33 -
(2) Current assets    
(a) Inventories 15.42 1548.35
(b) Financial Assets - -
(i) Trade receivables 1.17 743.95
(ii) Cash and cash equivalents 50.70 1014.42
(iii) Bank balances other the (iii) above 22.26 771.76
(iv) Loans 1.20 1.20
(v) Other Current Financial Assets 55.01 88.29
(c) Other Current assets 27.83 457.21
Total Assets 1539.49 8309.37
EQUITY AND LIABILITIES    
Equity    
(a) Equity Share capital 992.00 992.00
(b) Other Equity 529.77 6086.23
Equity attributable to equity holders of the parent 1521.77 7078.23
     
LIABILITIES    
Non-current liabilities    
(a) Financial Liabilities    
(i) Borrowings - 116.94
(ii) Other Financial Liabilities - 9.94
(iii) Provisions - 19.30
(iv) Deferred tax liabilities(Net) - 1.89
Current liabilities    
(a) Financial Liabilities    
(i) Borrowings - 46.45
(ii) Trade Paybles    
Total outstanding dues of Micro and Small Enterprises - 17.89
Total outstanding dues of creditors other then Micro and Small Enterprises 6.89 123.06
(iii) Other Financial liabilities (other than those specified in item (c) - 203.16
(b) Other current liabilities 9.45 658.55
(c) Provisions 1.38 33.96
Total Equity and Liabilities 1539.49 8309.37

Place:Ahmedabad
FOR TAMBOLI CAPITAL LIMITED

Date:14.11.2019
 

 
 

 
(Vaibhav B. Tamboli)

 
DIRECTOR  & CEO

 
DIN: 00146081        

TAMBOLI CAPITAL LIMITED

Consolidated Segment Wise Revenue, Results, Segment Assets and Liabilities are given below:

(in Lacs)

Particulars Quarter ended Six Months Ended
30.09.2019
Unaudited
30.06.2019
Unaudited
30.09.2018
Unaudited
30.09.2019
Unaudited
30.09.2018
Unaudited
1. Segment revenue          
A. Investment activities 179.79 20.43 112.29 200.22 169.57
B. Trading activities 30.92 5.78 - 36.70 -
C. Manufacturing activities 1182.27 1251.51 1418.49 2414.12 2642.82
Total 1392.98 1277.72 1530.78 2651.04 2812.39
 Less: Inter segment revenue 92.80 - 92.80 92.80 92.80
Net sales/ income from operations 1300.18 1277.72 1437.98 2558.24 2719.59
2. Segment results          
(Profit before interest and Tax)          
A. Investment activities 9.01 10.55 8.88 19.56 116.79
B. Trading activities 3.07 0.09 - 3.16 -
C. Manufacturing activities 154.40 105.46 422.27 259.86 642.18
Total 166.48 116.10 431.15 282.58 758.97
Less : Interest 9.49 12.01 15.62 21.50 35.76
Less : Unallocable expenditure net off unallocable income - - - - -
Profit before tax 156.99 104.09 415.53 261.08 723.21
Tax Expenses          
Current tax 41.62 34.48 125.86 76.10 217.91
Earlier years tax 0.12 - 3.41 0.12 3.41
Deferred tax (9.84) (5.42) (0.34) (15.26) (8.83)
Profit after tax 125.09 75.03 286.60 200.12 510.72
           
3. Segment Assets & Liabilities          
    Segment Assets          
A. Investment activities 1229.20 1164.45 1181.89 1229.20 1181.89
B. Trading activities 16.59 23.60 - 16.59 -
C. Manufacturing activities 7063.57 7174.33 6654.52 7063.57 6654.52
TOTAL 8309.36 8362.39 7836.41 8309.36 7836.41
    Segment Liabilities          
A. Investment activities 16.36 10.04 8.18 16.36 8.18
B. Trading activities - 4.48 - - -
C. Manufacturing activities 1212.89 1329.64 987.32 1212.89 987.32
TOTAL 1229.25 1344.16 995.50 1229.25 995.50

Place:Ahmedabad
FOR TAMBOLI CAPITAL LIMITED

Date:14.11.2019
 

 
 

 
(Vaibhav B. Tamboli)

 
DIRECTOR  & CEO

 
DIN: 00146081         

TAMBOLI CAPITAL LIMITED

CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER, 2019

Particulars 1st April, 2019 to 30th September, 2019
(A) (B) (C)
 A.  CASH FLOW FROM OPERATING ACTIVITIES:      
      Net Profit Before Tax and Extraordinary Items   1,15,52,008  
      Adjustments for -      
               Depreciation 1,726    
              Interest - 1,726  
      Operating Profit Before Working Capital Changes   1,15,53,734  
       
      Adjustments for-      
              Trade and Other Receivables (14,96,259)    
              Inventories (15,42,469)    
             Trade Payables 6,97,003 (23,41,725)  
      Cash generated from Operations     92,12,009  
       
       
            Direct Taxes Paid(Net) (4,43,618) (4,43,618)  
       
      NET CASH FROM OPERATING ACTIVITIES     87,68,391
       
 B   CASH FLOW FROM INVESTING ACTIVITIES:      
            Sale of Fixed Assets   -  
            Purchase of fixed assets   -  
            Interest Received   -  
       
     NET CASH USED IN INVESTING ACTIVITIES     -
       
 C CASH FLOW FROM FINANCING ACTIVITIES:      
            Proceeds from Loans Borrowed   -  
            Interest Paid   -  
            Dividend Paid   (64,44,350)  
       
     NET CASH USED IN FINANCING ACTIVITIES     (69,44,350)
       
     Net Increase in Cash and Cash Equivalents     18,24,041
     Cash and Cash Equivalents as at beginning of the year     32,45,947
       
     Cash and Cash Equivalents as at end of the year     50,69,988
       

Place:Ahmedabad
FOR TAMBOLI CAPITAL LIMITED

Date:14.11.2019
 

 
 

 
(Vaibhav B. Tamboli)

 
DIRECTOR  & CEO

 
DIN: 00146081         

TAMBOLI CAPITAL LIMITED

CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER, 2019

Particulars 1st April, 2019 to 30th September, 2019
(A) (B) (C)
 A.  CASH FLOW FROM OPERATING ACTIVITIES:      
      Net Profit Before Tax and Extraordinary Items   2,61,07,841  
      Adjustments for -      
               Depreciation 1,55,97,728    
              Profit on sale of assets (30,455)    
              Interest 21,50,635 1,77,17,908  
      Operating Profit Before Working Capital Changes   4,38,25,749  
       
      Adjustments for-      
              Trade and Other Receivables (1,15,72,718)    
              Inventories (2,90,13,038)    
             Trade Payables (21,97,970) (4,27,83,726)  
      Cash generated from Operations     10,42,023  
       
       
            Direct Taxes Paid(Net) (1,38,55,053) (1,38,55,053)  
       
      NET CASH FROM OPERATING ACTIVITIES     (1,28,13,030)
       
 B CASH FLOW FROM INVESTING ACTIVITIES:      
            Sale of Fixed Assets   2,34,960  
            Purchase of fixed assets   (39,40,423)  
            Interest Received   -  
       
     NET CASH USED IN INVESTING ACTIVITIES     (37,05,463)
       
 C CASH FLOW FROM FINANCING ACTIVITIES:      
            Proceeds from Loans Borrowed   (1,02,59,727)  
            Interest Paid   (21,50,635)  
            Dividend Paid   (69,44,350)  
       
     NET CASH USED IN FINANCING ACTIVITIES     (1,93,54,712)
       
     Net Increase in Cash and Cash Equivalents     (3,58,73,205)
     Cash and Cash Equivalents as at beginning of the year     13,73,14,831
       
     Cash and Cash Equivalents as at end of the year     10,14,41,626
       

Place:Ahmedabad
FOR TAMBOLI CAPITAL LIMITED

Date:14.11.2019
 

 
 

 
(Vaibhav B. Tamboli)

 
DIRECTOR  & CEO

 
DIN: 00146081         

 

2011 Tamboli Capital Ltd

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