Financial Results Q2 2021-22

CCL Products (India) Limited

Registered Office : Duggirala, Guntur District, Andhra Pradesh - 522 330

(CIN: L15110AP1961PLC000874)

								Rs.in Lakhs
	Standalone financial results for the quarter and half-year ended September 30, 2021
S No	Particulars	Quarter ended	Quarter ended	Quarter ended		Half-Year ended	Half-Year ended	Year ended
September 30,2021	June 30,2021	September 30,2020		September 30,2021	September 30,2020	March 31,2021
		Un Audited	Un Audited	Un Audited		Un Audited	Un Audited	Audited
1	Income
	a) Revenue from Operations	21,782.16	22,201.71	20,487.62		43,983.87	38,075.53	79,507.07
	Total Revenue from operations	21,782.16	22,201.71	20,487.62		43,983.87	38,075.53	79,507.07
	b) Other Income	43.80	43.17	39.79		86.97	78.17	6,650.11
	Total Income	21,825.96	22,244.88	20,527.41		44,070.84	38,153.70	86,157.18
2	Expenses
	a) Cost of materials Consumed	11,065.03	12,462.59	9,011.23		23,527.62	17,276.17	34,419.69
	b) Changes in inventories	(617.51)	(1,795.52)	1,283.24		(2,413.03)	2,357.98	1,318.71
	c) Employee benefits expense	1,268.39	1,159.64	1,124.91		2,428.03	2,229.83	5,251.79
	d) Finance Costs	341.94	404.75	359.89		746.69	812.13	1,572.11
	e) Depreciation	766.14	762.30	674.23		1,528.44	1,338.13	2,702.32
	f) Other Expenses	5,363.82	5,754.28	4,748.47		11,118.10	8,390.81	19,850.56
	Total Expenses (a to f)	18,187.81	18,748.05	17,201.98		36,935.85	32,405.06	65,115.17
3	Profit before tax (1-2)	3,638.14	3,496.83	3,325.43		7,134.98	5,748.64	21,042.01
4	Tax expenses
	- Income Tax	852.70	888.96	992.20		1,741.66	1,706.29	4,897.37
	- Deferred Tax	705.46	163.96	367.00		869.42	393.30	275.69
5	Net Profit for the period (3-4)	2,079.99	2,443.91	1,966.23		4,523.91	3,649.05	15,868.95
6	Other comprehensive income
	a) (i) Items that will not be reclassified to profit or loss	-	-	-		-	-	-
	(ii) Income tax relating to items that will not be reclassified to profit or loss	-	-	-		-	-	-
	b) (i) Items that will be reclassified to profit or loss	77.05	81.03	140.24		158.08	171.80	388.40
	(ii) Income tax relating to items that will be reclassified to profit or loss	-	-	-		-	-	-
	Total other comprehensive income	77.05	81.03	140.24		158.08	171.80	388.40
7	Total Comprehensive income (5 +6)	2,157.04	2,524.94	2,106.46		4,681.99	3,820.84	16,257.35
8	Paid-up Equity Share Capital	2,660.56	2,660.56	2,660.56		2,660.56	2,660.56	2,660.56
	(Rs.2/- per Equity Share)
9	Other Equity							90,177.63
10	Earnings per share
	(Face Value of Rs.2/- each) ;
	(a) Basic	1.56	1.84	1.48		3.40	2.74	11.93
	(b) Diluted	1.56	1.84	1.48		3.40	2.74	11.93

CCL Products (India) Limited

Registered Office : Duggirala, Guntur District, Andhra Pradesh - 522 330

(CIN: L15110AP1961PLC000874)

								Rs.in Lakhs
	Consolidated financial results for the quarter and half-year ended September 30, 2021
S No	Particulars	Quarter ended	Quarter ended	Quarter ended	Half-Year ended	Half-Year ended	Year ended
September 30,2021	June 30,2021	September 30,2020	September 30,2021	September 30,2020	March 31,2021
			Un Audited	Un Audited	Un Audited	Un Audited	Un Audited	Audited
1	Income
	a) Revenue from Operations	33,662.94	32,612.15	32,214.33	66,275.09	61,134.91	124,248.04
	Total Revenue from operations	33,662.94	32,612.15	32,214.33	66,275.09	61,134.91	124,248.04
	b) Other Income	19.74	10.94	7.68	30.68	12.69	339.16
	Total Income	33,682.68	32,623.09	32,222.01	66,305.77	61,147.60	124,587.20
2	Expenses
	a) Cost of materials Consumed	16,411.79	18,370.83	15,100.37	34,782.62	29,745.53	57,951.34
	b) Changes in inventories	(506.00)	(2,231.67)	1,087.04	(2,737.67)	2,261.40	1,070.60
	c) Employee benefits expense	2,092.81	1,854.87	1,801.10	3,947.68	3,489.87	7,953.76
	d) Finance Costs	402.71	477.62	385.02	880.33	845.86	1,695.45
	e) Depreciation	1,369.13	1,357.73	1,260.42	2,726.86	2,514.55	4,941.15
	f) Other Expenses	7,434.33	7,419.94	6,472.41	14,854.27	11,597.25	27,496.60
	Total Expenses (a to f)	27,204.77	27,249.32	26,106.37	54,454.09	50,454.47	101,108.90
3	Profit before tax (1-2)	6,477.91	5,373.77	6,115.64	11,851.68	10,693.13	23,478.30
4	Tax expenses
	- Income Tax	906.10	856.20	992.20	1,762.30	1,706.29	4,969.10
	- Deferred Tax	637.59	133.24	377.13	770.83	392.04	283.05
5	Net Profit for the period (3-4)	4,934.22	4,384.34	4,746.31	9,318.55	8,594.80	18,226.16
6	Other comprehensive income
	a) (i) Items that will not be reclassified to profit or loss	-	-	-	-	-	(17.52)
	(ii) Income tax relating to items that will not be reclassified to profit or loss	-	-	-	-	-	-
	b) (i) Items that will be reclassified to profit or loss	248.76	585.79	16.42	834.55	204.87	342.17
	(ii) Income tax relating to items that will be reclassified to profit or loss	-	-	-	-	-	-
	Total other comprehensive income	248.76	585.79	16.42	834.55	204.87	324.65
7	Total Comprehensive income (5 +6)	5,182.98	4,970.13	4,762.73	10,153.10	8,799.67	18,550.81
8	Paid-up Equity Share Capital	2,660.56	2,660.56	2,660.56	2,660.56	2,660.56	2,660.56
	(Rs.2/- per Equity Share)
9	Other Equity						106,069.21

10 Earnings per share

(Face Value of Rs.2/- each) ;

(a) Basic	3.71	3.30	3.57	7.00	6.46	13.70
(b) Diluted	3.71	3.30	3.57	7.00	6.46	13.70

Notes :-

1.The financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules. 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules 2016.

1. The above Financial results recommended by the Audit Committee are considered and approved by the Board of Directors at their meeting held on 28th October, 2021.
2. The Standalone Financial results are reveiwed by the Statutory Auditors of the Company as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and financials of M/s.Ngon Coffee Company Limited, material overseas Subsidiary of the Company were reviewed by NSVR & Associates LLP.
3. Estimation uncertainty relating to the global health pandemic on COVID-I9

The management has considered the possible effects, if any, that may result from the pandemic relating to COVID - 19 on the carrying amounts of trade receivables & inventories. In assessing the recoverability of receivables, the Company has considered internal and external information upto the date of approval of these financial results including credit reports and economic forecasts etc.,. The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial results and the Company will continue to closely monitor any material changes and future economic conditions.

1. The entire operations of the Company relates to only one segment viz., Coffee and Coffee related products.Hence segmental reporting as per Ind AS 108 is not made.
2. Previous Year/ Period figures have been regrouped and recast, wherever necessary, inline with the current period presentation.

7 The results for the Quarter ended 30th September, 2021 are also available on Bomabay Stock Exchange website, the National Stock Exchange website and on the Company's website.

		By and on behalf of the Board
Place	: Hyderabad	Challa Rajendra Prasad
Date	: 28.10.2021	Executive Chairman

			CCL Products (India) Limited
			Registered Office : Duggirala,	Guntur District, Andhra Pradesh - 522 330
			(CIN: L15110AP1961PLC000874)
			Statement of Assets & Liabilities		Rs.in Lakhs
					Standalone	Consolidated
S No			Particulars		As at	As at	As at	As at
		Sept 30,2021	March 31,2021	Sept 30,2021	March 31,2021
				Un-Audited	Audited	Un-Audited	Audited
I.	ASSETS
(a)	Non-current assets
Property plant and Equipment		65,019.44	66,166.07	77,932.24	79,836.70
(b)	Capital Work Inprogress		12,797.39	7,789.97	22,802.86	14,894.50
(c)	Intangible assets		0.82	0.82	36.41	1.50
(d)	Financial assets
		(i)	Investments		15,710.78	15,710.78	0.10	0.10
(e)		(ii) Other financial assets		528.70	510.33	667.95	645.48
Other non current assets		4,037.49	4,335.20	4,037.49	4,335.20
	Total non-Current assets
		98,094.61	94,513.17	105,477.04	99,713.48
(a)	Current assets
Inventories		21,930.48	24,962.99	30,958.05	31,969.00
(b)	Financial assets
		(i)	Trade receivables		18,394.17	13,663.07	32,609.01	29,855.31
		(ii)	Cash and cash equivalent		1,576.52	6,879.55	5,732.84	12,035.22
(c)		(iii) Other financial assets		2,272.81	2,208.28	8.28	8.28
Other current assets		8,012.39	4,351.91	9,316.65	5,237.32
	Total current assets
		52,186.38	52,065.81	78,624.82	79,105.13
	TOTAL ASSETS		150,280.99	146,578.99	184,101.86	178,818.61
II.	EQUITY AND LIABILITIES
(a)	Equity
Equity Share Capital		2,660.56	2,660.56	2,660.56	2,660.56
(b)	Other Equity		92,199.07	90,177.63	113,488.19	106,069.21
	Total Equity
		94,859.63	92,838.19	116,148.75	108,729.78
	Liabilities
(a)	Non-current liabilities
Financial Liabilities
	(i)	Borrowings		15,511.42	13,191.07	20,011.42	17,691.07
(b)	(ii) Other Financial Liability		328.20	486.28	328.20	486.28
Provisions		-	65.95	79.29	145.96
(c)	Deferred tax liabilities (net)		5,842.57	4,973.16	5,767.07	4,898.52
	Total non-current liabilities
		21,682.19	18,716.45	26,185.97	23,221.82
(a)	Current liabilities
Financial Liabilities
	(i)	Borrowings		19,884.77	19,150.47	28,428.00	29,765.63
	(ii)	Trade payables		1,659.98	1,566.93	3,354.24	1,980.91
(b)	(iii) Other financial liabilities		9,510.85	11,201.70	6,826.12	11,542.68
Other current liabilities		2,683.57	3,075.15	3,158.78	3,547.70
(c)	Provisions		-	30.09	-	30.09
	Total current liabilities		33,739.17	35,024.35	41,767.14	46,867.01
	TOTAL EQUITY AND LIABILITIES		150,280.99	146,578.99	184,101.86	178,818.61

CCL Products (India) Limited

Registered Office : Duggirala, Guntur District, Andhra Pradesh - 522 330

(CIN: L15110AP1961PLC000874)

STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

Particulars	As at	As at	As at
September,30,2021	September,30,2020	March,31,2021
Cash Flows from Operating Activities
Net profit before tax	7,134.98	5748.64	21,042.01
Adjustments for :
Depreciation and amortization expenses	1528.44	1338.13	2702.32
Provision for doubtful debts/advances/ impairment/expenses	(19.02)	17.51	106.76
Dividend Income	-	-	(6217.95)
Other Comprehensive Income	-	-	(17.52)
Foreign Exchange (gain)/loss on Loan	-	(314.79)	-
Gain on sale of preference shares	-	-	(42.77)
Operating profit before working capital changes	8644.40	6789.49	17572.84
Movements in Working Capital
(Increase)/Decrease in Trade Receivables	(4731.09)	6000.53	7892.01
(Increase)/Decrease in Other financial assets	(82.89)	(20.37)	17.21
(Increase)/Decrease in Inventories	3032.51	779.98	(6208.88)
(Increase)/Decrease in Other Current Assets	(960.48)	(1581.82)	(1065.09)
(Increase)/Decrease in Other Non Current Assets	297.71	(72.69)	(85.25)
Increase/(Decrease) in Trade Payables	93.05	797.48	(147.63)
Increase/(Decrease) in Other financial liabilities	2516.05	(458.42)	1105.03
Increase/(Decrease) in Other Current liabilities	(2217.31)	(607.75)	(2589.05)
Changes in Working Capital	(2052.46)	4836.94	(1081.64)
Cash generated from operations	6591.95	11626.43	16491.20
Direct Taxes Paid	(2700.00)	(1405.38)	(2521.20)
Net Cash from operating activities	3891.95	10221.05	13970.01
Cash flows from Investing Activities
Purchase of Fixed Assets (Including CWIP) and also advances agains	(5389.23)	(3041.59)	(9590.90)
Sale of Fixed assets	-	-	9.06
Sale proceeds from sale of shares	-	-	190.68
Dividend Income	-	-	6217.95
Loans and advances to subsidairy company	-	-	7.13
Net Cash From/ (Used In) Investing Activities	(5389.23)	(3041.59)	(3166.08)
Cash flows from Financing Activities
Proceeds from/ ( Repayment of ) Long term borrowings	(1886.56)	(4563.79)	(7972.22)
Proceeds from/(Repayment of) Short-term borrowings	734.30	518.39	4880.33
Dividend and corporate dividend tax paid	(2660.56)	-	(2660.56)
Net Cash From/ (Used In) Financing Activities	(3812.81)	(4045.40)	(5752.45)
Net Increase/(Decrease) in cash and cash equivalents	(5310.09)	3134.06	5051.48
Cash and Cash equivalents at the beginning of the year	6792.15	1740.67	1740.67
Cash and Cash equivalents at the ending of the year	1482.06	4874.73	6792.15
Cash and Cash Equivalents include the following for Cash flow purpose
Particulars	As at	As at	As at
September,30,2021	September,30,2020	March,31,2021
Cash and Cash Equivalents/ Bank Balances	1,576.52	4,978.62	6,879.55
Less: Unclaim dividend	94.47	103.89	87.40
Cash and Cash Equivalents/ Bank Balances	1,482.06	4,874.73	6,792.15