NCL Industries : Outcome of Board Meeting

About this update from Ncl Industries Ltd

NCLIL/SEC/2022-2023 11.11.2022 Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Floor.25, Bandra Kurla Complex, Dalal Street Bandra (E), MUMBAI - 400001. MUMBAI - 400051 Tel No.022-22721234 Tel: 022-26598235 Dear Sir, Re: Outcome of Board Meeting dated 11 th November, 2022 We report the outcome of the Board Meeting held today as follows: The statement of Standalone and consolidated Un-Audited Financial Results for the quarter and Half year ended 30 th September, 2022 was approved. A copy of the Un-Audited Financial Results along with Limited Review Report is enclosed. Statutory Auditors have expressed unmodified opinion on the Un-Audited Financial Results of the Company for the 2nd Quarter ended 30 th September, 2022. The meeting commenced at 11.30 AM and ended at 13.25 PM This is for your kind information and records. for NCL INDUSTRIES LIMITED. T.ARUN KUMAR Company Secretary & Compliance Officer NCL INDUSTRIES LTD CIN:L33130TG1979PLC002521 NCL Pearl, Near Rail Nilayam, SD Road, Secunderabad - 500026 STATEMENT OF UNAUDITED STANDALONE & CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2022 All amounts in Indian Rupees Lakhs Standalone Consolidated Sl. Particulars Quarter ended Half Year Ended Year ended Quarter ended Half Year Ended Year ended No. 30-Sep-22 30-Jun-22 30-Sep-21 30-Sep-22 30-Sep-21 31-Mar-22 30-Sep-22 30-Jun-22 30-Sep-21 30-Sep-22 30-Sep-21 31-Mar-22 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue from operations a) Net sales / income from operations 43,316.68 45,833.76 46,514.90 89,150.44 91,418.15 1,84,143.48 43,316.68 45,833.76 46,514.90 89,150.44 91,418.15 1,84,143.48 Less: Inter Segment Transfers 6,819.68 6,766.33 4,974.90 13,586.00 9,577.09 20,802.71 6,819.68 6,766.33 4,974.90 13,586.00 9,577.09 20,802.71 Total Revenue from operations 36,497.00 39,067.43 41,540.00 75,564.44 81,841.06 1,63,340.77 36,497.00 39,067.43 41,540.00 75,564.44 81,841.06 1,63,340.77 2 Other Income 555.31 347.31 290.47 902.62 420.53 1,113.02 555.31 349.00 290.47 904.31 420.70 1,113.19 - - - Total income (1+2) 37,052.31 39,414.74 41,830.46 76,467.06 82,261.59 1,64,453.79 37,052.31 39,416.43 41,830.46 76,468.75 82,261.76 1,64,453.96 3 Expenses a) Cost of materials consumed 11,866.40 11,736.16 11,456.10 23,602.56 23,441.78 46,040.39 11,866.40 11,736.16 11,456.10 23,602.56 23,441.78 46,040.39 b) Puchase of Stock in Trade - - - - - - - - - - - c) Power 3,117.74 3,235.79 2,707.54 6,353.53 5,654.49 11,080.49 3,117.74 3,235.79 2,707.54 6,353.53 5,654.49 11,080.49 d) Fuel 9,341.86 12,088.65 6,883.14 21,430.52 12,849.65 32,152.57 9,341.86 12,088.65 6,883.14 21,430.52 12,849.65 32,152.57 e) Changes in inventories of finished goods, work-in-progress and stock-in- trade 1,354.11 (2,165.46) 119.32 (811.34) (714.91) 5.40 1,354.11 (2,165.46) 119.32 (811.34) (714.91) 5.40 f) Employee benefits expense 1,413.68 1,512.69 1,430.29 2,926.37 2,854.90 5,669.16 1,416.04 1,515.07 1,433.85 2,931.11 2,861.67 5,681.55 g) Depreciation and amortisation 1,198.03 1,090.37 1,113.80 2,288.39 2,222.11 4,451.65 1,211.32 1,103.82 1,139.23 2,315.13 2,330.59 4,667.98 h) Finance costs 678.37 648.53 592.00 1,326.90 1,188.62 2,420.46 678.37 648.53 592.00 1,326.90 1,188.62 2,420.46 i) Transport & Handling 6,831.10 7,004.01 7,782.40 13,835.11 15,209.99 29,471.17 6,831.10 7,004.01 7,782.40 13,835.11 15,209.99 29,471.17 j) Inter Segment Transfers (6,819.68) (6,766.33) (4,974.90) (13,586.00) (9,577.09) (20,802.71) (6,819.68) (6,766.33) (4,974.90) (13,586.00) (9,577.09) (20,802.71) k) Other expenditure 7,022.59 9,151.58 9,973.95 16,174.18 19,173.75 38,982.35 7,030.99 9,158.94 9,989.46 16,189.94 19,203.05 39,073.41 Total expenses 36,004.19 37,536.00 37,083.63 73,540.22 72,303.29 1,49,470.93 36,028.25 37,559.19 37,128.13 73,587.48 72,447.85 1,49,790.72 4 Share of Profit/(Loss) of an associate/ a joint Venture - - - - 44.42 27.81 - 72.23 - (59.19) 5 Profit before tax (1 + 2 - 3) 1,048.12 1,878.74 4,746.83 2,926.84 9,958.30 14,982.86 1,068.48 1,885.05 4,702.33 2,953.49 9,813.90 14,604.04 6 Tax expense a) Current tax 379.15 566.56 1,272.62 945.71 3,035.53 4,182.25 379.15 566.56 1,272.62 945.71 3,035.53 4,182.25 b) Deferred tax 391.79 65.46 356.08 457.25 357.88 986.77 391.79 65.46 356.08 457.25 357.88 986.77 7 Net profit for the period / year (4 - 5) 277.18 1,246.72 3,118.13 1,523.88 6,564.89 9,813.83 297.54 1,253.03 3,073.63 1,550.53 6,420.49 9,435.02 8 Other comprehensive income (i) Remeasurement (Loss)/Gain on defined benefit plans - - - - - (109.44) - (109.44) (ii) Income tax relating to items that will not be reclassified to profit or loss - - - - - 38.24 - 38.24 Total other comprehensive income - - - - - (71.20) - (71.20) 9 Total Comprehensive income (6 + 7) 277.18 1,246.72 3,118.13 1,523.88 6,564.89 9,742.64 297.54 1,253.03 3,073.63 1,550.53 6,420.49 9,363.83 10 Paid-up equity share capital (face value Rs. 10/- each) 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 4,523.28 11 Other Equity - - - 69,883.76 - - - 69,560.38 12 Earnings per equity share (face value Rs. 10/- each) (Not Annualised) - Basic 0.61 2.76 6.89 3.37 14.51 21.54 0.66 2.77 6.80 3.43 14.19 20.69 - Diluted 0.61 2.76 6.89 3.37 14.51 21.54 0.66 2.77 6.80 3.43 14.19 20.69 NCL Industries Limited Balance Sheet as at September 30, 2022 Standalone Consolidated Particulars As at Sep 30, As at March 31, As at Sep 30, As at March 31, 2022 2022 2022 2022 Unaudited Audited Unaudited Audited ASSETS Non-current assets (a) Property, Plant and Equipment 86,801.28 77,347.80 89,582.89 80,156.15 (b) Capital work-in-progress 13,957.70 17,099.63 13,957.70 17,126.98 (c) Investment Property (d) Other intangible assets (e) Financial Assets (i) Investments 3,000.00 3,000.75 - - (ii) Trade Receivables 5,236.20 5,307.01 5,236.20 5,307.01 (iii) Loans - - (iv) Other Financial Assets 5,494.65 1,971.27 5,498.76 2,111.68 (f) Deferred tax Assets (net) (g) Other non-current Assets 442.94 442.94 442.94 442.94 Current Assets (a) Inventories 14,643.11 12,885.73 14,643.11 12,885.73 (b) Financial Assets (i) Investments (ii) Trade Receivables 15,993.44 11,776.46 15,993.44 11,776.46 (iii) Cash & Cash Equivalents 322.38 191.72 333.65 196.70 (iv) Bank Balances other than (iii) above 874.82 875.01 874.82 875.01 (v) Loans 2,504.60 2,030.00 2,504.60 2,030.00 (v) Other Financial Assets 420.93 420.93 420.93 420.93 (c) Current Tax Assets (d) Other Current Assets 7,777.14 13,807.04 8,453.12 13,724.22 Total 1,57,469.19 1,47,156.29 1,57,942.17 1,47,053.81 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 4,523.28 4,523.28 4,523.28 4,523.28 (b) Other Equity 71,407.64 69,883.76 71,110.93 69,560.38 Liabilities Non-current liabilities (a) Financial Liabilities (i) Borrowings 28,943.20 28,096.66 28,943.20 28,125.58 (ii) Trade Payables (iii) Other Financial Liabilities (b) Provisions 234.42 348.77 234.42 348.77 (c) Deferred Tax Liabilities (Net) 9,636.68 9,179.43 9,636.68 9,179.43 (d) Other non-current liabilities 610.22 585.22 610.22 585.22 Current liabilities (a) Financial Liabilities (i) Borrowings 11,837.17 3,720.67 11,837.17 3,720.67 (ii) Trade payables a) Total outstanding dues of micro and small enterprises 45.74 56.38 55.21 56.38 b) Total outstanding dues of Creditors other than micro and small enterprises 5,304.44 7,061.93 5,304.44 7,071.37 (iii) Other Financial Liabilities 18,219.98 15,800.18 18,240.07 15,810.14 (b) Provisions 303.32 229.26 304.16 230.10 (c) Current Tax Liabilities (Net) 511.37 1,973.41 511.38 1,973.42 (d) Other current liabilities 5,891.73 5,697.35 6,631.02 5,869.07 Total Equity and Liabilities 1,57,469.19 1,47,156.29 1,57,942.17 1,47,053.81 Standalone Segment-wise Revenue, Results and Assest and Liabilities Rs. Lakhs Quarter Ended Half Year Ended Year Ended 31-03- 30-Sep-22 30-Jun-22 30-Sep-21 30-Sep-22 30-Sep-21 2022 (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Cement Division 45,153.49 48,187.77 48,724.02 93,341.26 98,246.08 1,94,255.36 b) Boards Division 4,889.22 4,972.42 4,240.43 9,861.63 6,469.36 15,783.79 c) Energy Division 371.92 - 308.54 371.92 308.54 749.33 d) Ready Mix Concrete Division 2,227.59 2,457.30 3,098.90 4,684.89 6,188.79 11,994.85 e) Doors 687.34 665.73 630.91 1,353.06 1,119.04 2,612.07 f) Unallocated - - - - - - TOTAL 53,329.55 56,283.21 57,002.80 1,09,612.76 1,12,331.80 2,25,395.40 Less : Inter Segment Revenue 6,819.68 6,766.33 4,974.90 13,586.00 9,577.09 20,802.71 Less : Taxes & Duties 10,012.87 10,449.45 10,487.90 20,462.32 20,913.65 41,251.92 Net Sales from Operations 36,497.00 39,067.43 41,540.00 75,564.43 81,841.06 1,63,340.77 2 Segment Results: Profit before Interest & Tax a) Cement Division 1,102.44 2,400.85 4,944.70 3,503.28 11,135.12 16,806.13 b) Boards Division 619.13 501.48 485.07 1,120.59 357.31 1,224.86 c) Energy Division 270.59 (82.79) 211.99 187.80 123.07 353.83 d) Ready Mix Concrete Division (99.98) (72.78) (7.70) (172.76) 58.62 81.70 e) Doors (165.69) (219.49) (295.24) (385.17) (527.21) (1,063.20) f) Unallocated - - - - - - TOTAL 1,726.49 2,527.27 5,338.83 4,253.74 11,146.92 17,403.32 Less: Interest 678.37 648.53 592.00 1,326.90 1,188.62 2,420.46 TOTAL PROFIT BEFORE TAX 1,048.12 1,878.74 4,746.83 2,926.84 9,958.30 14,982.86 3 Segment Assets - - a) Cement Division 1,03,963.48 1,03,548.49 90,189.84 1,03,963.48 90,189.84 97,276.28 b) Boards Division 13,506.27 13,512.98 13,836.03 13,506.27 13,836.03 13,639.61 c) Energy Division 2,554.72 2,439.54 2,739.10 2,554.72 2,739.10 2,733.87 d) Ready Mix Concrete Division 4,333.58 4,285.76 4,407.64 4,333.58 4,407.64 4,406.64 e) Doors 8,481.25 8,255.87 7,652.11 8,481.25 7,652.11 8,288.78 f) Unallocated 24,629.88 22,846.84 21,891.69 24,629.88 21,891.69 20,811.11 TOTAL 1,57,469.19 1,54,889.48 1,40,797.23 1,57,469.19 1,40,797.23 1,47,156.29 4 Segment Liabilities a) Cement Division 39,223.76 38,781.07 34,919.84 39,223.76 34,919.84 38,386.65 b) Boards Division 2,311.75 2,544.67 2,175.54 2,311.75 2,175.54 2,525.09 c) Energy Division 59.54 52.09 58.06 59.54 58.06 48.42 d) Ready Mix Concrete Division 1,454.99 1,476.98 1,569.13 1,454.99 1,569.13 1,489.59 e) Doors 315.58 403.27 571.20 315.58 571.20 350.53 f) Unallocated 1,14,103.57 1,11,631.41 1,01,478.77 1,14,103.57 1,01,478.77 1,04,356.01 TOTAL 1,57,469.19 1,54,889.48 1,40,797.23 1,57,469.19 1,40,797.23 1,47,156.29 Segment-wise Revenue, Results and Assest and Liabilities Rs. Lakhs Quarter Ended Half Year Ended Year Ended 31-03- 30-Sep-22 30-Jun-22 30-Sep-21 30-Sep-22 30-Sep-21 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Cement Division 45,153.49 48,187.77 48,724.02 93,341.26 98,246.08 1,94,255.36 b) Boards Division 4,889.22 4,972.42 4,240.43 9,861.63 6,469.38 15,783.79 c) Energy Division 371.92 - 308.54 371.92 308.54 749.33 d) Ready Mix Concrete Division 2,227.59 2,457.30 3,098.90 4,684.89 6,188.79 11,994.85 e) Doors 687.34 665.73 630.91 1,353.06 1,119.04 2,612.07 f) Unallocable Income (net of expenses) - - - - - - TOTAL 53,329.55 56,283.21 57,002.80 1,09,612.76 1,12,331.82 2,25,395.40 Less : Inter Segment Revenue 6,819.68 6,766.33 4,974.90 13,586.00 9,577.09 20,802.71 Less : Taxes & Duties 10,012.87 10,449.45 10,487.90 20,462.32 20,913.65 41,251.92 Net Sales from Operations 36,497.00 39,067.43 41,540.00 75,564.43 81,841.08 1,63,340.77 2 Segment Results: Profit before Interest & Tax a) Cement Division 1,102.44 2,400.85 4,944.70 3,503.28 11,135.12 16,806.13 b) Boards Division 619.13 501.48 485.07 1,120.59 357.31 1,224.85 c) Energy Division 270.59 (82.79) 211.99 187.80 123.07 353.83 d) Ready Mix Concrete Division (99.98) (72.78) (7.70) (172.76) 58.63 81.70 e) Doors (165.69) (219.49) (295.23) (385.17) (527.21) (1,063.20) f) Unallocated 20.36 6.31 (44.51) 26.65 (144.39) (378.80) TOTAL 1,746.85 2,533.58 5,294.33 4,280.39 11,002.52 17,024.50 Less: Interest 678.37 648.53 592.00 1,326.90 1,188.62 2,420.46 TOTAL PROFIT BEFORE TAX 1,068.48 1,885.05 4,702.33 2,953.49 9,813.90 14,604.04 3 Segment Assets a) Cement Division 1,03,963.48 1,03,548.49 90,189.84 1,03,963.48 90,189.84 97,276.28 b) Boards Division 13,506.27 13,512.98 13,836.03 13,506.27 13,836.03 13,639.61 c) Energy Division 2,554.72 2,439.54 2,739.10 2,554.72 2,739.10 2,733.87 d) Ready Mix Concrete Division 4,333.58 4,285.76 4,407.64 4,333.58 4,407.64 4,406.64 e) Doors 8,481.25 8,255.87 7,652.11 8,481.25 7,652.11 8,288.78 f) Unallocated 25,102.87 22,761.09 21,862.88 25,102.87 21,862.88 20,708.64 TOTAL 1,57,942.17 1,54,803.73 1,40,687.61 1,57,942.17 1,40,687.61 1,47,053.81 4 Segment Liabilities - - - a) Cement Division 39,223.76 38,781.07 34,919.84 39,223.76 34,919.84 38,386.65 b) Boards Division 2,311.75 2,544.67 2,175.54 2,311.75 2,175.54 2,525.09 c) Energy Division 59.54 52.09 58.06 59.54 58.06 48.42 d) Ready Mix Concrete Division 1,454.99 1,476.98 1,569.13 1,454.99 1,569.13 1,489.59 e) Doors 315.58 403.27 571.20 315.58 571.20 350.53 f) Unallocated 1,14,576.56 1,11,545.66 1,01,393.84 1,14,576.56 1,01,393.84 1,04,253.54 TOTAL 1,57,942.17 1,54,803.73 1,40,687.61 1,57,942.17 1,40,687.61 1,47,053.81 Note: Operating Segment is a business activity whose operating results are regularly reviewed by Chief operating Decision maker to make decisions about resource allocationand 1 performance measurement. 2 Segment information for previous periods are regrouped wherever necessary. 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