INVESTOR INFORMATION : FINANCIAL RELEASE

AUDITED FINANCIAL RESULTS FOR QUARTER (Q4) AND FINANCIAL YEAR ENDED ON MARCH 31,2020

                                                       ( in Lacs)  


Sr. No. Particulars CONSOLIDATED STANDALONE

Quarter Ended

Year Ended

Quarter Ended

Year Ended
31.03.2020
(Audited)
31.12.2019
(Unaudited)
31.03.2019
(Aaudited)
31.03.2020
(Audited)
31.03.2019
(Audited)
31.03.2020
(Audited)
31.12.2019
(Unaudited)
31.03.2019
(Audited)
31.03.2020
(Audited)
31.03.2019
(Audited)
1 Income from Operations
(a) Sales / Income from Operations
1,182.21 1,475.27 1,377.20 5,215.72 5,412.88 47.35 44.82 23.08 261.75 174.12
2 Other Income 54.72 25.98 2.08 143.28 45.65 - - - 0.15 -
3 Total Income (1 + 2) 1,236.93 1,501.25 1,379.28 5,359.00 5,458.53 47.35 44.82 23.08 261.90 174.12
4 Expenses                    
4a Cost of materials consumed 418.97 409.60 497.79 1,720.08 1,643.53 - - - - -
4b Purchase of stock-in-trade 31.83 15.25 - 96.04 - 31.83 15.25 - 96.04 -
4c Changes in inventories 11.80 (117.74) (196.53) (349.34) (317.07) (10.18) 7.27 - (18.33) -
4d Employee benefits expense 211.73 251.65 222.85 917.61 876.95 4.11 3.62 3.00 14.52 11.42
4e Finance cost 8.03 8.99 11.44 38.52 60.06 - - - - 0.01
4f Depreciation & amortisation expense 75.49 65.87 78.23 297.33 334.12 0.03 0.03 0.01 0.06 0.04
4g Power & Fuel 136.47 171.02 158.62 644.40 581.45 - - - - -
4h External processing cost 166.33 183.17 151.52 663.87 512.29 - - - -
4i Other expenditure 226.94 182.03 247.29 788.65 799.89 5.77 5.45 9.24 25.08 21.09
4j Total (4a to 4j) 1,287.59 1,169.84 1,171.21 4,817.16 4,491.22 31.56 31.62 12.25 117.37 32.56
5 Profit before Exceptional item and Tax (3-4j) (50.66) 331.41 208.07 541.84 967.31 15.79 13.20 10.83 144.53 141.56
6 Exceptional Items - - - - - - - - - -
7 Profit before Tax (5-6) (50.66) 331.41 208.07 541.84 967.31 15.79 13.20 10.83 144.53 141.56
8 Tax Expenses                    
  -Current tax (16.71) 84.32 47.06 143.71 276.60 3.98 3.33 3.06 13.41 12.60
  -Earlier Years tax 0.02 (0.74) 3.25 (0.60) 3.40 0.02 - - 0.14 0.05
  -Deferred tax 5.87 2.96 (0.03) (6.43) (8.96) - - - - (0.01)
9 Net Profit for the period (7-8) (39.84) 244.87 157.79 405.16 696.27 11.79 9.87 7.77 130.98 128.92
  Other Comprehensive Income                    
  A (i) Items that will not be reclassified to profit or loss (9.77) 0.04 0.09 (9.64) 0.20 - - - - -
      (ii) Income tax relating to items that will not be reclassified to profit or loss  2.43 - (0.06) 2.43 (0.06) - - - - -
  Total Other Comprehensive income (Net of tax) (7.34) 0.04 0.03 (7.21) 0.14 - - - - -
  Total Comprehensive income for the period (Net of tax) (47.18) 244.91 157.82 397.95 696.41 11.79 9.87 7.77 130.98 128.92
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
Other equity       6,285.13 5,875.72       551.37 489.84
11 Earning Per Share (EPS)                    
  Basic (0.40) 2.47 1.59 4.08 7.02 0.12 0.10 0.08 1.32 1.30
  Diluted (0.40) 2.47 1.59 4.08 7.02 0.12 0.10 0.08 1.32 1.30

NOTES

1 The Above financial results were reviewd by the Audit Committee and approved by the board of Directors at its meeting held on 13th june,2020.

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 applicable 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 and year ended on 31st March, 2019 are given below:

 

Sr. No. Particulars Equity Profit Reconciliation
Reconciliation 3 Months
ended on
31.03.2020
Year ended
on 31.03.2020
3 Months
ended on
31.03.2020
Year ended
on 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs
  Nature of Adjustment Standalone Consolidated Standalone Consolidated
  Net Profit/Equity for the period under Previous GAAP 496.57 6,012.71 7.77 128.92 152.11 697.20
a) Employee benefits expense - Acturial Gain reclassified under OCI - - - - (0.05) (0.20)
b) Effects of reimbursement of defined benefit plan - (28.65) - - 4.42 (1.74)
c) Effects of provision expected credit loss (9.00) (21.56) - - 2.74 0.62
d) Deferred tax impact on Ind As adjustments 2.27 13.22 - - -1.43 0.39
  Total (6.73) (36.99) - - 5.68 (0.93)
  Net Profit before OCI as per Ind AS 489.84 5,975.72 7.77 128.92 157.79 696.27
  Other Comprehensive Income (after Tax) - - - - 0.03 0.14
  Net Profit after OCI as per Ind AS 489.84 5,975.72 7.77 128.92 157.82 696.41
               

 

5 The figures for the last quarter are the balancing figures in respect of the full financial year upto March 31, 2020 and unaudited published year-to-date figures upto December 31, 2019, being the date of third quarter of the financial year which were subject to Limited Review by the Auditors.

6 The company has, in accordance with the Indian Accounting Standards (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 The Board of Directors have recommended payment of dividend @ 5% i.e Rs.0.50 per equity share subject to approval of sherholders at the ensuing General Meeting.

8 In the last week of March 2020, an outbreak situation arose in India on account of COVID 19. The Company has considered such outbreak situation as subsequent event to the Balance Sheet date i.e, March 31, 2020 in terms of Ind AS 10 "Reporting on Event After Balance Sheet Date" and has assessed the operational and financial risk on going forward basis

   In assessing the impacts on the recoverbility of financial and non-financial assets,the extent to which the COVID 19 pandemic will impact the Company's operationas and financial results will depend on future developments, which are highly uncertain,including, among other things, any new information concerning the severity of the COVID 19 outbreak and any action to contain its spread or mitigate its impact whether goverment mandated or elected by  the Company

   The impact on the operations and ernings/cash flow of the Company due to COVID 19 outbreak may be assessed only after clarity on reopening of domestic and export customers manufacturing facility which is still uncertain as on reporting date and lead to impracticable for the Company to entimates projectd revenue from oprations and earnings for the next year and imapct thereon due to COVID 19 Through, the management will continue to closely monitor any material changes arising out of future economic condiions and impact on its business.

9 Due to pandemic Covid 19 and lockdown, certain despatches of March 2020 and could not materialised which resulted in lower consolidated Revenue and PBT of Q4 of F.Y 2019-20..

10 During the quarter, no compliants from investor were received. There were no complints pending at the beginning and at the end of the quarter.

11 The Company elected to exercise the option permitted under section 115BAA of the income-tax Act, 1961 as introduced by the Taxation Laws(Amemndment) Act, 2019. Accordingly, the Company has recognised provision for income tax for the quarter and year ended March 31, 2020 and remeasured its deferred tax assets/ liabilities basis the rate prescribed in the said section.

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



Place:Bhavnagar
FOR TAMBOLI CAPITAL LIMITED

Date:12.02.2020
 

 
 

 
(Vaibhav B. Tamboli)

 
Chairman  & CEO

 
DIN: 00146081        



 

2011 Tamboli Capital Ltd

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