12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Mumbai - 400 028, India
Tel: +91 22 6819 8000
Chartered Accountants
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Hikal Limited
- We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Hikal Limited (the "Company") for the quarter ended September 30, 2023 and year to date from April 1, 2023 to September 30, 2023 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
- The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. OfÕce : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
Chartered Accountants
Hikal Limited
5. We draw attention to note 3 and note 4 to the Statement, as regards the ongoing investigations / actions by statutory authorities in relation to alleged non-compliance with certain environmental laws and regulations, and the litigation in respect of the matter referred to in note 3, the outcome of which is presently uncertain. Our conclusion is not modified in respect of these matters.
For S R B C & CO LLP
Chartered Accountants
ICAI Firm registration number: 324982E/E300003
Digitally signed by Vinayak
Vinayak Shriram DN: cn=Vinayak Shriram Pujare, | |
Shriram Pujare | |
Pujare | c=IN, o=Personal, |
email=vinayak.pujare@srb.in |
Date: 2023.11.02 14:05:11 +05'30'
per Vinayak Pujare Partner
Membership No.: 101143
UDIN: 23101143BGYWPO6189
Place: Mumbai
Date: November 02, 2023
Page 2 of 2
Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2023
Particulars
Income
Revenue from operations
Sale of products and services
Other operating revenue
Total revenue from operations
Other income
Total income
Expenses
Cost of materials consumed
Changes in inventories of finished goods and work-in-progress
Employee benefits expense
Finance costs
Depreciation and amortisation expenses
Other expenses
Total expenses
Profit before tax
Tax expense: -Current tax -Deferred tax
Total tax expense
Profit for the period
Other comprehensive income (OCI)
Items that will not be reclassified to statement of profit and loss
Income tax relating to item that will not be reclassified to statement of profit and loss
Other comprehensive income/(loss) for the period (net of income tax) Total comprehensive income
Paid-up equity share capital (Face value of Rs 2/- each)
Other equity
Earnings per share (Face Value of Rs 2/- each) (Not annualised for quarters)
- Basic
- Diluted
Rs. In Lakhs (Except for earning per share)
Standalone
Quarter ended | Half year ended | Year ended | ||
30-Sep-23 | 30-Jun-2330-Sep-22 | 30-Sep-23 | 30-Sep-22 | 31-Mar-23 |
Unaudited | Unaudited Unaudited | Unaudited | Unaudited | Audited |
43,123 | 38,614 | 55,703 | 81,737 | 92,835 | 200,470 |
365 | 191 | 172 | 556 | 919 | 1,833 |
43,488 | 38,805 | 55,875 | 82,293 | 93,754 | 202,303 |
99 | 94 | 125 | 193 | 452 | 541 |
43,587 | 38,899 | 56,000 | 82,486 | 94,206 | 202,844 |
21,230 | 21,707 | 31,292 | 42,937 | 55,070 | 112,159 |
82 | (4,660) | 474 | (4,578) | (666) | (1,456) |
6,091 | 5,909 | 5,750 | 12,000 | 10,025 | 22,040 |
1,308 | 1,379 | 1,080 | 2,687 | 2,209 | 4,810 |
2,857 | 2,773 | 2,741 | 5,630 | 5,391 | 10,901 |
10,338 | 10,826 | 11,386 | 21,164 | 20,085 | 43,854 |
41,906 | 37,934 | 52,723 | 79,840 | 92,114 | 192,308 |
1,681 | 965 | 3,277 | 2,646 | 2,092 | 10,536 |
450 | 272 | 535 | 722 | 535 | 3,048 |
(21) | 7 | 258 | (14) | (33) | (350) |
429 | 279 | 793 | 708 | 502 | 2,698 |
1,252 | 686 | 2,484 | 1,938 | 1,590 | 7,838 |
(19) | (20) | 40 | (39) | 80 | (76) |
5 | 5 | (10) | 10 | (20) | 20 |
(14) | (15) | 30 | (29) | 60 | (56) |
1,238 | 671 | 2,514 | 1,909 | 1,650 | 7,782 |
2,466 | 2,466 | 2,466 | 2,466 | 2,466 | 2,466 |
110,881 | |||||
1.02 | 0.56 | 2.01 | 1.57 | 1.29 | 6.36 |
1.02 | 0.56 | 2.01 | 1.57 | 1.29 | 6.36 |
Notes :
- The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 2 November 2023.
- The standalone financial results for the quarter ended and half year ended on 30 September 2023 have been subjected to a 'Limited Review' by the statutory auditors of the Company. The statutory auditors have expressed an unmodified review conclusion. The limited review report will be filed with the stock exchanges and will also be available on the Company's website, www.hikal.com.
-
In connection with the alleged improper disposal of by-products by the Company in January 2022, statutory authorities have conducted investigations in relation to alleged non-compliance with certain environmental laws and regulations, and the matter is pending before the Courts and relevant statutory authorities.
In the previous year, Maharashtra Pollution Control Board (MPCB) had directed the Company to stop manufacturing activities at its Taloja plant on grounds of not adhering to conditions stipulated in the relevant Consent to Operate. Subsequently, pursuant to an order of the Honourable Bombay High Court, MPCB granted permission on 29 June 2022 to re-start manufacturing activities at the plant.
Separately, the National Green Tribunal ('NGT') had constituted a committee to make recommendations in this regard. The Committee submitted its reports to NGT, after which the company filed a writ petition in the Hon'ble Bombay High Court, inter alia, seeking to set aside the NGT order. Despite being informed about the pendency of the aforesaid writ before the Hon'ble Bombay High Court, in March 2023, NGT passed an order accepting the committee's reports , which, includes recovery of compensation of Rs. 1745 Lakhs from the Company for non-compliance with environmental laws and regulations. The Hon'ble Bombay High Court, has stayed the said order passed by NGT.
Based on the advice of external legal counsel, the Company believes it has a good case on merits in these matters, and the Company is taking necessary steps, including legal measures, to defend itself. Accordingly, no provision is required in the financial results in this respect. - In connection with the closure direction issued by Gujarat Pollution Control Board (GPCB) for the Company's Panoli plant, the Company has submitted the clarifications sought by GPCB. After considering the clarifications provided by the Company, GPCB has, vide its order dated August 5, 2023, revoked for a period of 3 months, its closure direction issued on July 22,2023 and the Company's Panoli facility continues to operate as normal.
- The figures for the previous periods have been regrouped wherever necessary to conform to the current period presentation.
For HIKAL LTD
Jai | Digitally signed | |||
by Jai Vishwanath | ||||
Vishwanat Hiremath | ||||
Date: 2023.11.02 | ||||
h Hiremath 13:49:14 +05'30' | ||||
Place | : | Mumbai | Jai Hiremath | |
Date | : | 2 November 2023 | Executive Chairman |
DIN: 00062203
HIKAL LIMITED
Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.
Phone : +91-22-62770299
CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com
Just the right chemistry
Standalone segment wise revenue, results, assets and liabilities
for the quarter and half year ended 30 September 2023
(Rs in Lakhs) | ||||||
Standalone | ||||||
Particulars | Quarter ended | Half year ended | Year ended | |||
30-Sep-23 | 30-Jun-23 | 30-Sep-22 | 30-Sep-23 | 30-Sep-22 | 31-Mar-23 | |
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
1. Segment revenue | ||||||
a) Pharmaceuticals | 27,032 | 22,487 | 28,989 | 49,519 | 51,418 | 111,518 |
b) Crop protection | 16,456 | 16,318 | 26,886 | 32,774 | 42,336 | 90,785 |
Total | 43,488 | 38,805 | 55,875 | 82,293 | 93,754 | 202,303 |
Less: Inter segment revenue | - | - | - | - | - | - |
Revenue from operations | 43,488 | 38,805 | 55,875 | 82,293 | 93,754 | 202,303 |
2. Segment results | ||||||
a) Pharmaceuticals | 1,176 | 982 | 1,057 | 2,158 | 238 | 6,495 |
b) Crop protection | 2,183 | 1,706 | 3,530 | 3,889 | 4,557 | 10,325 |
Total | 3,359 | 2,688 | 4,587 | 6,047 | 4,795 | 16,820 |
Less : | ||||||
i) Finance cost | 1,308 | 1,379 | 1,080 | 2,687 | 2,209 | 4,810 |
ii) Other un-allocable expenditure | 402 | 401 | 270 | 803 | 596 | 1,670 |
Add: | ||||||
i) Other un-allocable income | 32 | 57 | 40 | 89 | 102 | 196 |
Profit before tax | 1,681 | 965 | 3,277 | 2,646 | 2,092 | 10,536 |
3. Segment assets | ||||||
a) Pharmaceuticals | 129,728 | 124,549 | 121,278 | 129,728 | 121,278 | 124,353 |
b) Crop protection | 96,056 | 101,720 | 94,426 | 96,056 | 94,426 | 97,629 |
c) Unallocable | 13,290 | 14,467 | 16,195 | 13,290 | 16,195 | 16,564 |
Total assets | 239,074 | 240,736 | 231,899 | 239,074 | 231,899 | 238,546 |
4. Segment liabilities | ||||||
a) Pharmaceuticals | 25,806 | 22,040 | 18,337 | 25,806 | 18,337 | 21,653 |
b) Crop protection | 11,976 | 16,173 | 19,762 | 11,976 | 19,762 | 18,776 |
c) Unallocable | 86,775 | 88,504 | 85,843 | 86,775 | 85,843 | 84,770 |
Total liabilities | 124,557 | 126,717 | 123,942 | 124,557 | 123,942 | 125,199 |
For HIKAL LTD | |||
Jai | Digitally signed | ||
by Jai | |||
Vishwana Vishwanath | |||
th | Hiremath | ||
Date: 2023.11.02 | |||
Hiremath 13:49:40 +05'30' | |||
Jai Hiremath | |||
Place | : Mumbai | Executive Chairman | |
Date | : 2 November 2023 | DIN: 00062203 |
HIKAL LIMITED
Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.
Phone : +91-22-62770299
CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com
Just the right chemistry
Standalone Balance sheet as at 30 September 2023
(Rs in lakhs) | |||||
Particulars | As at | As at | |||
30 September 2023 | 31 March 2023 | ||||
Unaudited | Audited | ||||
ASSETS | |||||
Non-current assets | |||||
Property, plant and equipment | 85,581 | 88,531 | |||
Capital work-in-progress | 50,634 | 40,208 | |||
Right of use assets | 6,231 | 6,288 | |||
Other intangible assets | 1,131 | 12 | |||
Intangible assets under development | - | 1,008 | |||
143,577 | 136,047 | ||||
Financial assets: | |||||
Investments | 533 | 531 | |||
Loans | 27 | 30 | |||
Others | 1,623 | 1,867 | |||
Income tax assets (net) | 202 | 202 | |||
Other non-current assets | 3,721 | 5,970 | |||
Total non-current assets | 149,683 | 144,647 | |||
Current assets | |||||
Inventories | 36,769 | 31,674 | |||
Financial assets: | |||||
Trade receivables | 39,415 | 44,178 | |||
Cash and cash equivalents | 1,083 | 2,671 | |||
Bank balances other than cash and cash equivalents | 2,515 | 3,282 | |||
Loans | 39 | 24 | |||
Others | 1,250 | 1,671 | |||
Other current assets | 8,320 | 10,399 | |||
Total current assets | 89,391 | 93,899 | |||
Total assets | 239,074 | 238,546 | |||
EQUITY AND LIABILITIES | |||||
Equity | |||||
Equity share capital | 2,466 | 2,466 | |||
Other equity | 112,051 | 110,881 | |||
Total equity | 114,517 | 113,347 | |||
Liabilities | |||||
Non-current liabilities | |||||
Financial Liabilities | |||||
Borrowings | 44,423 | 48,988 | |||
Provisions | 2,600 | 2,422 | |||
Deferred tax liabilities (net) | 3,247 | 3,271 | |||
Other non current liabilities | 4,364 | 4,364 | |||
Total non-current liabilities | 54,634 | 59,045 | |||
Current liabilities | |||||
Financial liabilities | |||||
Borrowings | 32,920 | 25,808 | |||
Lease liability | 3 | 23 | |||
Trade payables | |||||
- Total outstanding dues of Micro Enterprises and Small | 5,461 | 5,047 | |||
Enterprises | |||||
- Total outstanding dues of creditors other than Micro | 24,119 | 26,278 | |||
Enterprises and Small Enterprises | |||||
Other financial liabilities | 4,150 | 4,881 | |||
Other current liabilities | 2,277 | 2,369 | |||
Provisions | 351 | 351 | |||
Current tax liabilities (net) | 642 | 1,397 | |||
Total current liabilities | 69,923 | 66,154 | |||
Total liabilities | 124,557 | 125,199 | |||
Total equity and liabilities | 239,074 | 238,546 | |||
For HIKAL LTD | |||||
Jai | Digitally signed | ||||
by Jai | |||||
Vishwanat | Vishwanath | ||||
Hiremath | |||||
h Hiremath Date: 2023.11.02 | |||||
13:50:00 +05'30' | |||||
Place | : Mumbai | Jai Hiremath | |||
Date | : 2 November 2023 | Executive Chairman | |||
DIN: 00062203 |
HIKAL LIMITED
Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.
Phone : +91-22-62770299
CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com
Just the right chemistry
Standalone Cash flow statement for the half year ended 30 September 2023
(Rs in lakhs) | ||
Particulars | Half year ended 30 | Half year ended 30 |
September 2023 | September 2022 | |
Unaudited | Unaudited | |
A. Cash flow from operating activities | ||
Profit before tax | 2,646 | 2,092 |
Adjustments: | ||
Depreciation and amortisation expenses | 5,630 | 5,391 |
Finance costs | 2,687 | 2,209 |
Interest income | (89) | (102) |
Loss/(gain) on sale of property, plant and equipment | (16) | 18 |
Sundry balances written off/(back) | (18) | (45) |
Provision for doubtful debts/advances | 317 | 185 |
Provision / write off of inventories | 340 | (267) |
Profit on sale of investment | (37) | - |
Unrealised foreign exchange gain | (134) | (399) |
8,680 | 6,990 | |
Operating cash flow before working capital changes | 11,326 | 9,082 |
Decrease/(Increase) in trade receivables | 4,565 | (4,898) |
Decrease in loans and advances and other assets | 3,665 | 2,509 |
(Increase) in inventories | (5,435) | (197) |
(Decrease)/Increase in trade payables | (1,708) | 4,529 |
(Decrease) in provisions and other liabilities | (751) | (1,722) |
336 | 221 | |
Cash generated from operations | 11,662 | 9,303 |
Income tax paid | (1,430) | (1,500) |
Net cash flows generated from operating activities | 10,232 | 7,803 |
B. Cash flow from investing activities | ||
Purchase of property, plant and equipment and intangible assets | (11,654) | (14,795) |
Proceeds from sale of property, plant and equipment | 21 | 7 |
Proceeds from sale of investment | 37 | 1,027 |
Interest received | 106 | 81 |
Decrease/(Increase)in other bank balances (includes margin money account) | 1,011 | (90) |
Net cash flows (used in) investing activities | (10,479) | (13,770) |
- Cash flow from financing activities
Proceeds from long-term borrowings | - | 9,500 | |
Repayment of long-term borrowings | (4,462) | (5,438) | |
Repayments/proceeds of short-term borrowings (net) | 6,989 | 5,738 | |
Finance costs paid (including interest on lease liability ) | (3,847) | (2,992) | |
Payment of lease liability | (20) | (17) | |
Dividend paid on equity shares | (1) | (493) | |
Net cash flows from/(used in) financing activities | (1,341) | 6,298 | |
Net (Decrease)/ increase in cash and cash equivalents | (1,588) | 331 | |
Cash and cash equivalents at the beginning of the period | 2,671 | 1,144 | |
Cash and cash equivalents at the end of the period | 1,083 | 1,475 | |
Cash on hand | 15 | 9 | |
Balances with banks | |||
- Current accounts | 1,025 | 1,109 | |
- Exchange Earners Foreign Currency accounts | - | 320 | |
- Deposits accounts (demand deposits and deposits having original maturity of 3 | 43 | 37 | |
months or less) | |||
Balance as per statement of cash flows | 1,083 | 1,475 | |
For HIKAL LTD | |||
Jai | Digitally signed by | ||
Jai Vishwanath | |||
Vishwanath Hiremath | |||
Hiremath | Date: 2023.11.02 | ||
13:50:18 +05'30' | |||
Place | : Mumbai | Jai Hiremath | |
Date | : 2 November 2023 | Executive Chairman | |
DIN: 00062203 |
HIKAL LTD
Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.
Phone : +91-22-62770299
CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com
Just the right chemistry
12th Floor, The Ruby | |
29 Senapati Bapat Marg | |
Chartered Accountants | Dadar (West) |
Mumbai - 400 028, India | |
Tel: +91 22 6819 8000 |
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Hikal Limited
- We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Hikal Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended September 30, 2023 and year to date from April 1, 2023 to September 30, 2023 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
- The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. - The Statement includes the results of the following entities:
- Hikal Limited, India, Holding Company
- Acoris Research Limited, India, Subsidiary Company
- Hikal, LLC, USA, Subsidiary Company
- Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. OfÕce : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
Chartered Accountants
Hikal Limited
- We draw attention to note 3 and note 4 to the Statement, as regards the ongoing investigations / actions by statutory authorities in relation to alleged non-compliance with certain environmental laws and regulations, and the litigation in respect of the matter referred to in note 3, the outcome of which is presently uncertain. Our conclusion is not modified in respect of these matters.
- The accompanying Statement includes the unaudited interim financial results and other unaudited financial information, in respect of two subsidiaries, whose interim financial results and other financial information reflect total assets of Rs. 13 Lakhs as at September 30, 2023, and total revenues of Rs. 118 Lakhs and Rs. 204 Lakhs, total net profit after tax of Rs. 5 Lakhs and Rs. 11 Lakhs, and a total comprehensive income of Rs. 5 Lakhs and Rs. 11 Lakhs, each for the quarter and period ended on September 30, 2023 respectively, and net cash inflows of Rs. 11 Lakhs for the period from April 1, 2023 to September 30, 2023 which have not been reviewed or audited by any auditor. These unaudited financial results have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these unaudited interim financial results are not material to the Group. Our conclusion on the Statement is not modified in this regard.
For S R B C & CO LLP
Chartered Accountants
ICAI Firm registration number: 324982E/E300003
Vinayak Shriram
Pujare
Digitally signed by Vinayak Shriram Pujare
DN: cn=Vinayak Shriram Pujare, c=IN, o=Personal, email=vinayak.pujare@srb.in Date: 2023.11.02 14:07:05 +05'30'
per Vinayak Pujare Partner
Membership No.: 101143
UDIN: 23101143BGYWPP5451
Place: Mumbai
Date: November 02, 2023
Page 2 of 2
Statement of unaudited consolidated financial results for the quarter and half year ended 30 September 2023
Rs. In Lakhs (Except for earning per share)
Consolidated | ||||||
Particulars | Quarter ended | Half year ended | Year ended | |||
30-Sep-23 | 30-Jun-23 | 30-Sep-22 | 30-Sep-23 | 30-Sep-22 | 31-Mar-23 | |
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
Income | ||||||
Revenue from operations | ||||||
Sale of products and services | 43,123 | 38,614 | 55,703 | 81,737 | 92,835 | 200,470 |
Other operating revenue | 365 | 191 | 172 | 556 | 919 | 1,833 |
Total revenue from operations | 43,488 | 38,805 | 55,875 | 82,293 | 93,754 | 202,303 |
Other income | 99 | 94 | 125 | 193 | 452 | 541 |
Total income | 43,587 | 38,899 | 56,000 | 82,486 | 94,206 | 202,844 |
Expenses | ||||||
Cost of materials consumed | 21,230 | 21,707 | 31,292 | 42,937 | 55,070 | 112,159 |
Changes in inventories of finished goods and work-in-progress | 82 | (4,660) | 474 | (4,578) | (666) | (1,456) |
Employee benefits expense | 6,181 | 5,963 | 5,811 | 12,144 | 10,132 | 22,244 |
Finance costs | 1,308 | 1,379 | 1,080 | 2,687 | 2,209 | 4,810 |
Depreciation and amortisation expenses | 2,857 | 2,773 | 2,741 | 5,630 | 5,391 | 10,901 |
Other expenses | 10,243 | 10,766 | 11,325 | 21,009 | 19,970 | 43,649 |
Total expenses | 41,901 | 37,928 | 52,723 | 79,829 | 92,106 | 192,307 |
Profit before tax | 1,686 | 971 | 3,277 | 2,657 | 2,100 | 10,537 |
Tax expense: | ||||||
-Current tax | 450 | 272 | 535 | 722 | 535 | 3,048 |
-Deferred tax | (21) | 7 | 258 | (14) | (33) | (350) |
Total tax expense | 429 | 279 | 793 | 708 | 502 | 2,698 |
Profit for the period (Attributable to equity holders of parent) | 1,257 | 692 | 2,484 | 1,949 | 1,598 | 7,839 |
Other comprehensive income (OCI) | ||||||
Items that will not be reclassified to statement of profit and loss | (19) | (20) | 40 | (39) | 80 | (76) |
Income tax relating to item that will not be reclassified to statement of profit and | 5 | 5 | (10) | 10 | (20) | 20 |
loss | ||||||
Other comprehensive income/(loss) for the year (net of income tax) | ||||||
(Attributable to equity holders of parent) | (14) | (15) | 30 | (29) | 60 | (56) |
Total comprehensive income (Attributable to equity holders of parent) | 1,243 | 677 | 2,514 | 1,920 | 1,658 | 7,783 |
Paid-up equity share capital (Face value of Rs 2/- each) | 2,466 | 2,466 | 2,466 | 2,466 | 2,466 | 2,466 |
Other equity | 110,881 | |||||
Earnings per share (Face Value of Rs 2/- each) (Not annualised for quarters) | ||||||
- Basic | 1.02 | 0.56 | 2.01 | 1.58 | 1.30 | 6.36 |
- Diluted | 1.02 | 0.56 | 2.01 | 1.58 | 1.30 | 6.36 |
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Hikal Limited published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 10:36:29 UTC.