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Agro Phos India Limited Interim / Quarterly Report 2022
62122_rns_2022-02-14_88ec3fff-5c05-4ae6-87ca-ec7d6531e20a.pdf
Interim / Quarterly Report
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Date: 14th, February 2022
To Listing Department The National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex (Bandra East), Mumbai -400051
Dear Sir/Madam,
NSE Symbol: AGROPHOS
Sub: Outcome of Board Meeting pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015.
We Wish to inform you that the Board of Directors of the Company at its meeting held today, on Monday, 14th February, 2022, at registered office of the Company, which commenced at 04:45 P.M. concluded at 06:00 P.M. has inter-alia, considered and approved the followings:
-
- the Unaudited Financial Results and Limited Review Report thereon for the quarter ended 31st December, 2021 as per Regulation 33 of the SEBI (LODR) Regulations.
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- Board have cancelled their earlier approval which granted at Board Meeting held on $14th$ August 2021 for Investment of INR 3 Crore in units of India Business Excellence Fund IV(a scheme of Business Excellence Trust IV, a trust set up under the Indian Trust Act, 1882 and registered with SEBI as a 'Category II Alternative Investment Fund and organized by Motilal Oswal) and approved new Investments of INR 1 Crore in various securities through NJ India Invest Pvt. Ltd., (a registered depository participant with CDSL & NSDL) and Investment of INR 1 Crore in Axis Bank Securities Managed Account under Product category -DPMS (Discretionary Portfolio Management Services).
$\mathscr{L} = \mathscr{Y}$
Please take the above on your record.
Thanking you,
Yours Faithfully
For AGRO PHOS (INDIA) LIMITED Agro Phos VISHNU KANT GUPTAC WHOLE TIME DIRECTOR DIN: 05233476
Regd. Office : M - 87, Trade Centre, 18, South Tukoganj, Indore (M.P.) Tel: 0731-2529488-89-90-91 E-mail: [email protected] / [email protected] Website: www.agrophos.com
AGRO PHOS INDIA LIMITED
AGRO PHOS INDIA LIMITED
(CIN: L24123MP2002PLC015285)
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2021
| Rs. In Lakhs | ||||||||
|---|---|---|---|---|---|---|---|---|
| PARTICULARS | QUARTER ENDED | NINE MONTH ENDED YEAR ENDED |
||||||
| 31-12-2021 | 30-09-2021 | 31-12-2020 | 31-12-2021 | 31-12-2020 | 31-03-2021 | |||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | |||
| Income | ||||||||
| Revenue from operations | 3794 | 3450 | 1641 | 9367 | 5127 | 5998 | ||
| Other Income | 37 | 20 | 10 | 62 | 23 | 24 | ||
| П. | Total Income (I+II) | 3831 | 3469 | 1651 | 9429 | 5150 | 6022 | |
| V. | Expenses | |||||||
| (a) Cost of Materials Consumed | 2485 | 1518 | 826 | 4805 | 2517 | 3218 | ||
| (b) Purchases of Stock in Trade (c) Changes in Inventories of finished goods, work in progress |
293 | 309 | 246 | 805 | 671 | 1064 | ||
| and stock in trade | $-227$ | 927 | $-20$ | 971 | 186 | $-301$ | ||
| (d) Employee benefits expenses | 115 | 93 | 55 | 275 | 176 | 246 | ||
| (e) Finance Cost | 34 | 35 | 48 | 138 | 156 | 195 | ||
| (f) Depreciation, amortisation and Impairment Expense | 30 | 29 | 28 | 88 | 82 | 11C | ||
| (g) Other Expenses | 721 | 469 | 271 | 1729 | 983 | 1132 | ||
| Total Expenses (IV) | 3451 | 3379 | 1455 | 8811 | 4772 | 5664 | ||
| Profit /(loss) before exceptional items and tax (III - IV) | 380 | 90 | 197 | 618 | 379 | 358 | ||
| Exceptional Items | 0 | $\Omega$ | $\Omega$ | $\sqrt{ }$ | ||||
| Profit /(loss) before tax (V - VI) | 380 | 90 | 197 | 618 | 379 | 358 | ||
| Tax Expenses | ||||||||
| Current Tax | 112 | 31 | 49 | 187 | 105 | 121 | ||
| Deferred Tax | $-51$ | $-21$ | $-31$ | $-97$ | $-64$ | $-81$ | ||
| Profit /(loss) for the period (VII-VIII) | 319 | 81 | 179 | 527 | 338 | 318 | ||
| Other Comprehensive Income | ||||||||
| (a) Items that will not be reclassified to profit or loss | 9 | 0 | 12 | |||||
| Tax Relating to above items | $-2$ | $\Omega$ | 0 | $-3$ | $\Omega$ $\circ$ |
|||
| (b) Items that will be reclassified to profit or loss | $\mathbf 0$ | $\circ$ | 0 | $\circ$ | $\Omega$ | |||
| Tax Relating to above items | 0 | $\Omega$ | 0 | |||||
| Total Comprehensive Income for the period ( $IX + X$ ) | 325 | 82 | 179 | 536 | 338 | 324 | ||
| Paid up Equity Share Capital (Face Value of Rs 10 each) | 2027.41 | 2027.41 | 2027.41 | 2027.41 | 2027.41 | 2027.41 | ||
| Earning per equity share of face value of Rs 10 each | ||||||||
| a) Basic (Rs.) | 1.57 | 0.40 | 0.88 | 2.60 | 1.67 | 1.57 | ||
| b) Diluted (Rs.) | 1.57 | 0.40 | 0.88 | 2.60 | 1.67 | 1.57 | ||
Date: 14-02-2022 Place: indore
Regd. Office: M - 87, Trade Centre, 18, South Tukoganj, Indore (M.P.). Tel: 0731-2529488-89-90-91 E-mail: [email protected] / [email protected] Website : www.agrophos.com
For and on behalf of the Board of Directors Agro Phos (India)Limited
gro Pho
Vishnu Kant Gupta Whole Time Director (DIN: 05233476)
r
Notes to the Result:
The above financial results have been reviewed and recommended by the Audit Committee and taken on record and approved by the Board of Directors in their respective meeting held on 14th February 2022. The statutory auditors of the company have carried out a Limited Review of the results for the quarter ended 31st $\mathbf{1}$ December, 2021
The subsidy on sales is presented under revenue from operation w.e.f. current financial year as per general trade practice in the industry, for better presentation and understanding. Accordingly subsidy presented in other income in previous quarters 31.12.2020 Rs. 699.64 lacs and nine month ended 31.12.2020 Rs. 1648 $\overline{2}$ lacs and for the year ended 31.03.2021 Rs. 1874 lacs is regrouped under revenue from operation.
Company is manufacturer of Fertilizer Products, which covers under essential commodities as announced by govt., therefore company was allowed to continue production during year in COVID -19 Pandemic, hence there is no such adverse impact on company's operations. $\overline{3}$
The aforesaid financial Results will be uploaded on the Company's website www.agrophos.com and will also be available on the website of the Stock exchange i.e. www.nseindia.com and for the benefit of shareholders and investors $\overline{4}$
Figures have been re-grouped, re-arranged or re-classified, wherever considered necessary to make them comparable. $\overline{5}$
Date: 14-02-2022 Place: Indore
For and on behalf of the Board of Directors Agro Phos (India)Limited
Vishnu Kant Gupta Whole Time Directo (DIN: 05233476)
Regd. Office : M - 87, Trade Centre, 18, South Tukoganj, Indore (M.P.) Tel: 0731-2529488-89-90-91 E-mail: [email protected] / [email protected] Website: www.agrophos.com
AGRO PHOS INDIA LIMITED
| AGRO PHOS INDIA LIMITED | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (CIN: L24123MP2002PLC015285) | |||||||||||
| UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 31ST DECEMBER 2021 | |||||||||||
| PARTICULARS | QUARTER ENDED | NINE MONTH ENDED | YEAR ENDED | ||||||||
| 31-12-2021 | 30-09-2021 | 31-12-2020 | 31-12-2021 (Unaudited) |
31-12-2020 (Unaudited) |
31-03-2021 (Audited) |
||||||
| (Unaudited) | (Unaudited) | (Unaudited) | |||||||||
| Segment Revenue | |||||||||||
| Fertiliezers | 3,816 | 3,463 | 1,648 | 9,406 | 5,143 | 5,695 | |||||
| Others | $\overline{\phantom{a}}$ | 316 | |||||||||
| Unallocable | 15 | $\overline{7}$ | $\overline{2}$ | 23 | 7 | 10 | |||||
| Total Segment Revenue | 3,831 | 3,469 | 1,651 | 9,429 | 5,150 | 6,022 | |||||
| Less : Inter segment Revenue | $\overline{\phantom{a}}$ | $\overline{\phantom{a}}$ | $\tilde{\phantom{a}}$ | $\overline{\phantom{a}}$ | |||||||
| Net Sales/Income from operations | 3,831 | 3,469 | 1,651 | 9,429 | 5,150 | 6,022 | |||||
| Segment Results | |||||||||||
| (Profit/(loss) before tax and interest from each segment) |
|||||||||||
| Fertiliezers | 449 | 156 | 338 | 857 | 710 | 763 | |||||
| Others | $\overline{\phantom{a}}$ | (69) | $\overline{\phantom{a}}$ | (75) | (79) | ||||||
| Unallocable | (35) | (31) | (24) | (101) | (100) | (132) | |||||
| Total | 414 | 125 | 245 | 756 | 535 | 553 | |||||
| Less: (i) Finance Cost | 34 | 35 | 48 | 138 | 156 | 195 | |||||
| Profit for the Period Before Tax | 380 | 90 | 197 | 618 | 379 | 358 | |||||
| Segment Assets | |||||||||||
| Fertilizers | 9,736 | 7,835 | 7,204 | 9,736 | 7,204 | 7,061 | |||||
| Others | 7 | 7 | 14 | ||||||||
| Unallocable | 997 | 830 | 724 | 997 | 724 | 193 | |||||
| Total Assets | 10,733 | 8,665 | 7,936 | 10,733 | 7,936 | 7,268 | |||||
| Segment Liabilities | |||||||||||
| Fertiliezers | 4,391 | 2,755 | 1,440 | 4,391 | 1,440 | 1,375 | |||||
| Others | $\overline{a}$ | $\overline{\phantom{a}}$ | 223 | $\Box$ | 223 | $\mathbf{3}$ | |||||
| Unallocable | 1,640 | 1,534 | 2,094 | 1,640 | 2,094 | 1,725 | |||||
| Total Liabilities | 6,031 | 4,289 | 3,757 | 6,031 | 3,757 | 3,102 |
Date: 14-02-2022 Place : Indore
For and on behalf of the Board of Directors
$- y$
Agro Phos (India)Limited r wp Vishnu Kant Gupta п $\circ$ Agro Phos Whole Time Director ⇙ $(DIN: 05233476)$
Regd. Office : M - 87, Trade Centre, 18, South Tukoganj, Indore (M.P.)
Tel : 0731-2529488-89-90-91 E-mail: [email protected] / [email protected] Website : www.agrophos.com
Ashok Khasgiwala & Co. LLP Chartered Accountants
702 Shekhar Central, Palasia Square, A.B. Road, Indore - 452001, M.P Ph (o): +91 731 4069301, 2499341 $E - a$ [email protected]
Limited Review Report on Unaudited Quarterly and year to date Financial 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 Agrophos India Limited
We have reviewed the accompanying statement of Unaudited Financial Results of Agrophos India Limited ("the Company") for the quarter ended 31st December 2021 and year to date result for the period from April 01, 2021 to December 31, 2021 ("the statement"), being submitted by the Company pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the financial statements based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and 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 of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in applicable Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Ashok Khasgiwala & Co. LLP Chartered Accountants (Firm Reg. No.0007)43C/C400037)
$\rightarrow$ e GIWA/ INDORE 2334 her
CA Avinash Baxi
(Partner) M.No. 079722
Place: Indore Date: 14.02.2022 UDIN: 22079722ACAOOK4619