ABC India Ltd. — Interim / Quarterly Report 2023

Nov 9, 2023

p— ——— 40/8, BALLYGUNGE CIRCULAR ROAD, KOLKATA - 700 019 = ABC TEL : +91(033) 24614156/ 4157, FAX : +91(33) 2461 4193 - E-MAIL : vimd@abcindia.com, WEBSITES v : www.abcindia.com INDIA LIMITED

Date: 9" November, 2023

1 The Secretary, The Secretary, Phiroze Jeejeebhoy Towers, 7, Lyons Range, Dalal Street Kolkata- 700 001 Mumbai — 400 001

BSE Limited, The Calcutta Stock Exchange Ltd.,

Code — 520123 Code No.- 10011146

Dear Sir(s),

Reg: Outcome of Board Meeting held on 9" November, 2023

With further reference to our letter of 1% November, 2023, the Board of Directors of the Company in its meeting held on date i.e. 9™ November, 2023 has, inter alia, reviewed and approved the Un-audited Financial Results for the quarter and half year ended on 30™ September, 2023 and have taken note of the Limited Review Report as issued by the Statutory Auditors of the Company pursuant to Regulation 30(6) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on the aforesaid results and copies or the same are enclosed and marked as Annexure I.

Please note that the meeting commenced at 1:30 P.M. and concluded at 3:00 P.M.

This may please be informed to the members of your Stock Exchanges.

Please acknowledge the receipt of the above.

Thanking You,

Yours faithfully,

For ABC India Limited

Digitally signed SA NJ AY by SANJAY AGARWAL AGAR Date: 2023.11.09 AL 15:01:58 +05'30"

Sanjay Agarwal Company Secretary

Encl: As Above

Annexure-|

ABC INDIA LIMITED CIN- L63011WB1972PLC217415 REGD. OFF : P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Email : vimd@abcindia.com ; Website : www.abcindia.com

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2023

							(%) In Lakhs)
		Quarter Ended Period Ended				Year Ended
	UARTIEOCARS	30.09.2023 (Unaudited)	30.06.2023 (Unaudited)	30.09.2022 (Unaudited)	30.09.2023 (Unaudited)	30.09.2022 (Unaudited)	31.03.2023 (Audited)
I. IIl.	Revenue from operations Other Income	4,612.84 16.89	3,621.27 17.18	3,399.47 14.35	8,234.12 34.07	7,335.97 31.69	14,517.19 72.13
lll.	Total Income (I + I)	4,629.74	3,638.45	3,413.82	8,268.19	7,367.66	14,589.32
	IV. Expenses
	(a) Purchase of stock-in-Trade (b) Changes in inventories of finished goods, by-products	1,628.62	1,658.46	1,666.12	3,187.07	3,536.88	6,680.62
	and work-in-progress	427	10.22	13.68	14.49	22.82	(2.85)
	(c) Expenditure relating to transportation and services	2,482.69	1,677.60	1,304.30	4,060.29	2,913.69	5,991.40
	(d) Employee benefits expense	195.19	184.60	194.51	379.80	378.84	744.57
	(e) Finance Costs	56.20	54.00	50.46	110.20	93.87	210.33
	(f) Depreciation and amortisation expenses	26.11	25.48	23.80	51.58	51.70	114.48
	(g) Other Expenses	155.92	158.91	128.88	314.84	268.54	627.68
	Total Expenses	4,549.00	3,569.28	3,381.74	8,118.28	7,266.33	14,366.23
V.	Profit/(loss) before exceptional Items and tax (Il - 1V)	80.74	69.17	32.08	149.91	101.33	223.09
VI.	Exceptional Items	0.00	8.14	47.18	8.14	68.17	183.80
	VII. Profit/ (loss) before tax (V + VI)	80.74	77.31	79.26	158.05	169.50	406.89
	VIII. Tax Expenses (a) Current Tax (b) Deferred Tax	12.00 -		-	12.00 -	& -	(11.17) (7.72),
IX.	Net Profit for the period (VII - VIII)	68.74	77.31	79.26	146.05	169.50	425.79
X.	Other Comprehensive Income (net of tax) A Items that will not be reclassified to Profit or Loss B. Items that will be reclassified to Profit or Loss	- -	-	- -	- =	- ]	17.62 ;
XI.	[Total Comprehensive income (Net of tax) (TX'+ X)	68.74	77.31	79.26	146.05	169.50	443.41
XIl.	Paid-up Equity Share Capital of Rs. 10/- each XIIl. Earning per Share (of Rs.10/- each) (not annualised):	541.72	541.72	541.72	541.72	541.72	541.72
	a) Basic	{127	1.43	1.46	270
	b) Diluted	{127	1.43	1.46	2.70

	ABC INDIA LIMITED
	CIN-L63011WB1972PLC217415
	REGD. OFF: P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193
	Email: vrmd@abcindia.com ; Website : www.abcindia.com Statement of Unaudited Assets and Liabilities as at 30th September, 2023
			$(\overline{\zeta})$ In Lakhs)
SI.		As at As at
No.	Particulars	30.09.2023	31.03.2023
		(Unaudited)	(Audited)
$\mathsf{A}$	ASSETS
1	Non-current assets	470.11	478.91
	a) Property, plant and equipment b) Intangible Assets	0.26	0.26
	c) Right to use Assets	144.71	170.26
	d) Financial assets
	(i) Investments	957.74	931.36
	(ii) Other Financial Assets	184.48	177.31
	e) Deferred tax assets f) Other non-current assets	605.48	8.93
	Sub total- Non-current assets	2,362.78	1,767.04
$\overline{2}$	Current assets
	a) Inventories	74.12	88.61
	b) Financial assets
	(i) Investments (ii) Trade and other receivables	1,652.78 3,378.31	1,477.27 3,054.76
	(iii) Cash and cash equivalents	204.63	267.12
	(iv) Bank balances other than cash and cash equivalents	2.40	0.00
	$(v)$ Loans	66.77	68.47
	(vi) Other financial assets	1,666.92	1,653.33
	c) Current tax assets (net) d) Other current assets	143.80 285.49	191.15 224.87
	Sub total- Current assets	7,475.21	7,025.58
	TOTAL-ASSETS	9,837.99	8,792.63
B	EQUITY AND LIABILITIES
1	Equity
	a) Equity share capital	541.23	541.23
	b) Other equity	3,734.11	3,615.15
	Sub total-Equity	4,275.34	4,156.38
	Liabilities
$\overline{2}$	Non-current liabilities
	a) Financial liabilities
	(i) Borrowings	435.38	504.84
	(ii) Lease Liability (iii) Other financial liabilities	87.39 1.00	81.57 0.94
	b) Provisions	111.88	111.88
	c) Deferred tax liabilities (net)	72.32	72.32
	d) Other non-current liabilities	83.30	81.64
	Sub total- Non-current liabilities	791.27	853.20
3	Current liabilities
	a) Financial liabilities
	(i) Borrowings	1,669.51	1,442.06
	(ii) Lease Liability	17.61	46.61
	(iii) Trade and other payables	2,415.01	1,779.61
	(iv) Other financial liabilities	96.63	95.80
	b) Other current liabilities c) Provisions	516.52 56.09	366.78 52.19
	Sub total- Current liabilities	4,771.38	3,783.05
	TOTAL- LIABILITIES	9,837.99	8,792.63

1927年

$D1$ $2461 - 4$

	ABC INDIA LIMITED
	CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2023
				(₹) In Lakhs)
	Particulars	For the period ended 30 September 2023 (3)	For the period ended 30 September 2022 (3)	For the year ended 31 March 2023 $(\bar{\zeta})$ (Audited)
		(Unaudited)	(Unaudited)
A.	CASH FLOWS FROM OPERATING ACTIVITIES
	Profit before Tax	158.05	169.50	406.89
	Adjustments for
	Depreciation and Amortisation Expense	51.58	51.70	114.48
	Interest Income	(33.99)	(31.69)	(69.38)
	Dividend Income			(1.65)
	Finance cost	110.20	93.87	210.33
	Leave Encashment			(2.13)
	Gratuity paid	3.47		(2.40)
	(Profit) / Loss on sale of assets	(8.14)	(68.17)	(178.41)
	(Profit)/Loss from Partnership firm Liabilities no longer required written back			(1.10)
	Bad Debts, Advances, etc. written off	(0.08)
	Operating profit before working capital changes	281.10	215.21	476.63
	Adjustments for Changes in Working Capital:
	Trade receivables, loan and advances and other assets	(396.04)	(108.96)	(13.61)
	Inventories	14.49	22.82	(2.85)
	Trade payables, other liabilities and provisions	789.32	(237.17)	(529.66)
	Cash generated from operations	688.88	(108.10)	(69.48)
	Direct Taxes paid (net of Refunds)	35.70	(61.00)	72.14
	Net Cash Flows (Used in) Operating Activities	724.58	(169.10)	2.66
B.	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchases of property, plant and equipment, intangible assets	(24.90)	(22.74)	(50.44)
	Sales of property, plant and equipment	15.81	155.23	430.17
	Purchase of Non-current investment			(0.50)
	Capital (Deposit) / Withdrawn from Partnership firm	(175.51)	(66.22)	(141.22)
	Proceeds upon maturity of Fixed Deposits with Banks	(7.16)	19.51	(15.42)
	Capital Expenditure on fixed assets, including capital advances	(596.55)	38.02	38.02
	Refund of capital Advance Investment in Fixed Deposits with Banks
	Interest received	5.63	6.35	8.23
	Dividend received			1.65
	Net Cash Flows (Used In) / From Investing Activities	(782.69)	130.13	270.50

NDI Joil

	ABC INDIA LIMITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2023
	For the year ended Particulars For the period For the period 31 March 2023 ended ended 30 September 2023 30 September 2022
		® (Unaudited)	® (Unaudited)	® (Audited)
C.	[CASH FLOWS FROM FINANCING ACTIVITIES
	Repayment of short term borrowings (Net)	2745	17588	2711
	Payment of Leases & Adjustment	(29.40)	(18.00)	(53.70)
	Repayment of long term borrowings (Net)	(69.46)	(37.79)	(100.04)
	Payment of dividend	(27.09)	(27.09)	(27.09)
	Finance Cost	(103.48)	(91.849)	(20044)
	Net Cash Flows From / (Used In) Financing Activities	(1.99)	117	(154.16)
	Net Changes in Cash and Cash Equivalents (A)+(B)+(C) Cash and Cash Equivalents as at 1 April	(60.09) 26712	(37.80) -	119.00 15262
	Round off Cash and Cash Equivalents as at 30th September 2023	207.03	(37.80)	27162

Notes 1. |The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in the Indian Accounting Standard (Ind AS-7) on Statement of Cash flows. 2. |Cash and cash equivalents do not include any amount which is not available to the Company for its use. 3. |Cash and cash equivalents as at the Balance sheet date consists of :

- Particulars	Tor the period ended ® (Unaudited)	For the period ended 30 September 2023 30 September 2022 © (Unaudited)	For the year ended 31 March 2023 ® (Audited)
2) Cash and cash equivalents (Refer note no. 11)	20463	11478	267.12
b) Bank balance other than cash and cash equivalents (Refer note no. 12)	240	004
) Book overdraft (Refer note no 20 (ii)	!	3
Total	207.03	11482	26712

1. [Figures in brackets represent outflows. 5. | As breakup of Cash and cash equivalents is also available in Note no. 11, reconciliation of items of Cash and cash equivalents as per Cash Flow Statement with the respective items reported in the Balance Sheet is not required and hence ot provided.

			ABC INDIA LIMITED
			CIN-L63011WB1972PLC217415
	REGD. OFF: P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193		Email: vrmd@abcindia.com; Website: www.abcindia.com
	STATEMENT OF UNAUDITED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2023
							(₹) In Lakhs)
			Quarter Ended		Half Year Ended		Year Ended
	PARTICULARS	30.09.2023	30.06.2023	30.09.2022	30.09.2023	30.09.2022	31.03.2023
		(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Segment Revenue (Net Sale / Income from each segment)
	a) Freight & Services	2.919.46	1,995.72	1,672.71	4,915.18	3,680.88	7,655.51
	b) Petrol Pump	1.693.38	1,625.56	1,726.77	3,318.94	3,655.10	6,861.68
	Total	4,612.84	3,621.27	3,399.47	8,234.12	7,335.97	14,517.19
	Less: Inter Segment Revenue
	Revenue from operations	4,612.84	3,621.27	3,399.47	8,234.12	7,335.97	14,517.19
$\overline{2}$	Segment Results - Profit /(Loss) before tax, finance costs :
	a) Freight & Services	255.85	249.12	182.52	504.97	400.67	881.67
	b) Petrol Pump	10.91	10.82	12.68	21.73	25.52	42.61
	Total	266.76	259.94	195.19	526.70	426.18	924.28
	Less i) Finance costs	56.20	54.00	50.46	110.20	93.87	210.33
	Unallocated expenditure net off income	129.82	128.63	65.48	258.45	162.82	307.05
	Profit /(Loss) before tax	80.74	77.31	79.26	158.05	169.50	406.89
	3 Segment Assets
	a) Freight & Services	6,217.59	5,400.13	5,471.04	6,217.59	5,471.04	5,216.53
	b) Petrol Pump	336.27	260.89	302.75	336.27	302.75	291.25
	(c) Unallocated	3.284.13	3,318.71	2.991.17	3.284.13	2,991.17	3,284.85
	Total	9,837.99	8,979.73	8,764.96	9,837.99	8,764.96	8,792.63
	Segment Liabilities
	a) Freight & Services	3,540.17	2,721.38	2,814.85	3,540.17	2,814.85	2,710.06
	b) Petrol Pump	350.73	279.26	305.88	350.73	305.88	294.57
	(c) Unallocated	1,670.90	1,745.40	1,367.47	1,670.90	1,367.47	1,631.62
	Total	5,561.79	4,746.04	4,488.20	5,561.79	4,488.20	4,636.24

Shushops

	"ABC INDIA LIMITED CIN- L63011WB1972PLC217415
	REGD. OFF : P-10 NEW CT ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193
	Email : vrmd@abcindia.com ; Website : www.abcindia.com
[Notes:
	[The above Unaudited financial results have been reviewed by the Audit Commitiee and thereafter the Board of Directors have approved the above results at their
[1)	respective meetings held on Sth November, 2023
2)	The Audftors have carried out Limited Review (LK) on the aforesaid financial results for the quarter and hat year ended 30th September, 2023 and the report was
	piaced before the Board and the same was noted. The Auditors have expressed an unmodified opinion on the above ress.
[3)	[The Company carries out ts business in two segments viz., Freight & Services and Petrol Pump
[4)	[This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended by the Companies (indian
	Accounting Standards) (Amended) Rules, 2016 as prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to
	the extent applicable.
5)	[The standalone un-audited inancial results as prescribed in SEBTs Circular CIRICFDICMIDIT5/2015 dated November 30, 2015 has been moaied (o the extent
	required to comply with requirements of SEBI's circular dated July 5, 2016, Ind AS and Schedule Il (Division Il to the Companies Act, 2013 appiicable to Companies that are required to comply with Ind AS.
)	Exceptional andlor Extraordinary ftems adjusted in the Statement of Profit and Loss in accordance with Inc-AS Rules.
[7)	The figures of previous periods / year has been regrouped / reclassified wherever necessary to make them comparable with those of the current period / year.
	(g For and on behalf of the Board of Directors of
	ABC India Limited
	=
	Ashish Agarwall
	Managing Director] [Place of Signature : Kolkata
[Date: 9th November, 2023 DIN: 00351824

^BD s & co Head Office : 35A, Raja Basanta Roy Road - 2nd Floor, Kolkata -700 ⁰²⁹ Chartered Accountants Ph. (Off.) : 033 3590 9320, +91 9830022057 Email : bharatsarawgee @ gmail.com Website : www.bdsco.in

Independent Auditor's Review Report on Unaudited Quarterly Financial Results and Year to date Results of the Company Pursuant to the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To The Board of Directors, ABC India Limited

• 1. We have reviewed the accompanying statement of unaudited financial results of ABC India Ltd.(the" company")for the quarter ended 30"September 2023 and year-to-date results for the period from 01 April 2023 to 30 September 2023 being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the SEBI Regulations'), as amended(the listing Regulations 2015)
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in their meeting held on 9" November, 2023, has been prepared 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. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. 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 financial statements are free of material misstatement.A review is limited primarily to inquiries of company personnel and an analytical procedure applied to financial data and thus provides less assurance than audit. We have not performed and audit and accordingly we do not express an audit opinion.
• 1. 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 applicable Accounting Standards as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013, read with the relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as modified by Circular No CIR/CFD/FAC/62/2016 dated July 05,2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For BD S & CO. Chartered Accountants FRN-326264E

grvela Bagaé%gfifirge

Partner Membership No. 063679 ICAI Firm Registration No. 326264E

Place: Kolkata Date: 9th November, 2023 UDIN: 23063 62986Y0L 792 65