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Airo Lam limited Interim / Quarterly Report 2023
62272_rns_2023-02-07_0fc6b0d7-749a-42fe-9b87-2fbd17f6a3b8.pdf
Interim / Quarterly Report
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© +9199099-54411| © +91 2770-240572/73 makes it great = © www.airolam.com © [email protected] LAMINATE | PLY | PANEL | DOOR CIN : L20211GJ2007PLC052019 , : j = 'Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India.
Date: February07, 2023 |
To,
The National Stock Exchange of India Limited Exchange Plaza, 5" Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra East, Mumbai-400051.
Dear Sir, . Ok
Sub: Outcome of Board Meeting held on February07, 2023 pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Scrip Code: AIROLAM .
With respect to captioned subject, we hereby inform you that, the Board of Directors of the Company, in their meeting held on February07, 2023 at the registered office of the Company has considered and approved unaudited financial Results for the quarter ended on December 31, 2022 along with Limited Review Report thereon.
As required under Regulation 33 of the SEBI (Listing | Obligation and Disclosures Requirements), 2015, please find attached the' unaudited financial Results for the quarter ended on December 31, 2022 along with Limited Review Report by the auditors "of the Company. .
Kindly take it on your record.
_ Thanking you. Yours faithfully,
DIN: 01840244
Piyush J. Shah & Co. Chartered Accountant~
.. flto !
Piyush J. Shah B.Com, FCA, D.l.S.A.(ICA)
Independent Auditor's Limited Review Report on Unaudited Standalone guarterly 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; Airo Lam Limited Survey No" 355, Nananpur Road, N.H. No" 8, Village - Dalpur, Ta - Prantij, Gujarat - 383 120
-
- We have reviewed the accompanying statement of unaudited standalone financial results of AIRO LAM LIMITED ("the Company"} for the quarter ended on December 31, 2022 and year to date results for the period from 01 April 2022 to 31 December 2022 ("the statement"}, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements} Regulation, 2015, as amended. ("the Listing Regulations"}.
-
- This statement is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under section 133 of the Companies Act. 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on these financial statements based on our review.
-
- We conducted our review of the statements accordance with the
Office : 404-504, Shikhar Building, Nr. Vadilal House, Netaji Marg, Mithakhali Cross Road, Navrangpura, Ahm °lf;J ti- 0 } / . "(I' \_•/; Ph.: (0) +91-079-40801121 , 40801155, 66550333, 66550334, 9825027370 ~!_ .f' Email : [email protected] - [email protected] Website : www.pjshahca.com
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 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 standalone financial results prepared in accordance with applicable Indian Accounting Standards specified under section 133 of the Companies Act. 2013 read with 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 and Disclosure Requirements) Regulations, 2015, (as amended), including relevant circulars issued by the SEBI from time to time including the manner in which it is to be disclosed, or that it contains any material misstatement.
CIN : L20211GJ2007PLC052019 fl 9 Dalpur Village, Nananpur Approach Road, : Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. O +9199099-54411| © +91 2770-240572/73 fe) © www.airolam.com © [email protected]
Unaudited Standalone Financial Results for the period ended on December 31, 2022
| AIROLAMAIROLAM LIMITEDfl9 Dalpur Village, Nananpur Approach Road,Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India.makes it great =:O +9199099-54411 © +91 2770-240572/73LAMINATEDOOR PLY PANEL© www.airolam.com © [email protected] CIN : L20211GJ2007PLC052019Unaudited Standalone Financial Results for the period ended on December 31, 2022- (Amount in Lakh)QuarterQuarterNine MonthNine MonthQuarter"QuarterYearended onended onended onended onended onended onended onParticulars31-Mar-2231-Dec-2230-Sep-2230-Jun-2231-Dec-2131-Dec-2231-Dec-21UnauditedUnauditedUnauditedUnauditedUnauditedAuditedditedlRevenue from operations14,725.0311,996.3516,889.694,766.124,580.635,378.283,887.08'92.97Other Income117.92139.0928.8950.9913.08156.11MlTotal Revenue (I+I1)14,818.0017,028.784,795.014,631.635,391.364,005.0012,152.46ttExpensesIvCost of material consumed3,746.539,092.00a)3,098.283,534.812,634.6210,379.6212,582.40Purchases of Stock-in-Tradeb)---:-:-Changes in inventories of Finished Goods, Work-in-Progressc)217.93(646.37)(262.69)(185.87)(691.13)(1,230.06)(1,404.85)and Stock-in-trade:3Employee benefits expenses305.62279.07277.56259.24d)862.25709.65971.283Finance Cost104.48108.54e)65.1480.56278.16192.02306.89co'Depreciation and amortization expensef)83.5782.6781.9677.30. 248.20225.87304.67Other Expensesg)759.211,131.761,179.39880.22¥ 3,070.362,461.483,328.22Total4,569.094,490.485,087.893,746.0514,147.4511,450.9616,088.62ExpProfit before exceptional and extraordinary items and tax (Ill-225.92141.15303.47258.94670.54701.50Vv940.17iv)Exceptional Itemsvi3-==zxévuProfit before extraordinary items and tax (V-VI)225.92- 141.15303.47258.94670.54701.50940.17Extraordinary itemsVill=*-----IX.Profit before tax (VII-VIII)228.92141.15303.47258.94670.54701.50940.17Tax Expensesx172.08188.881) Current tax57.27 :34.5080.3236.20147.114.252) Deferred Tax33.7477.93(0.35)2.671,9368.55.'3) Short / Excess Provision(6.15)(6.15)-189.00xtProfit (Loss) for the period from continuing operations (iX-X)169.00103.98221.22494.21491.98679.50Profit / (Loss) from discontinuing operationsXi-:----Tax expenses of discontinuing operationsXH:-::-Profit / (Loss) from discontinuing operations (after tax) (XII-XIV------XIII)XVProfit / (Loss) for the period (XI+XIV)169.00103.98221.22189.00494.21491.98679.50'Other ComprehIncomeXVI:1.70A) (i) Items that will not be reclassified to profit or loss4.80(2.02)(1.08)(2.00)--(ii) Income tax relating to items that will not be0.86(0.86)-----teclassified to profit or lossB) (i) Items that will be reclassified to profit or loss::é:-:-(ii) Income tax relating to items that will be reclassified to------>profit or lossTotal Comprehensive Income166.98107.92221.00189.005 495.91491.98677.501,500.201,500.20Paid-up equity share capital of Rs. 10 Each1,500.201,500.201,500.201,500.201,500.20Reserve excludingReserves4,145.79--:-:-UEarning per share0.703.281) Basic1.121.471.263.294.53 | fe)2) Diluted1.120.701.471.263.293.284.53 | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 The above Unaudited Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 7, 2023 | ||||||||
| zures have been regrouped wherever necessary or Previous year's figures have been regrouped /recast wherever necessary to confirm the current half year's /year's clarification. | ized accounting practices and policies. | |||||||
| » financial results have been prepared in accordance with the applicable accounting standards for Interim Financial Reporting prescribed under section 133 of Companies Act, 2013 and | accordanceofthewithSEBI_—sregulation33 | (LODR) | the | auditors | ofthe | have | carriedout | |
| companyRegulations 2015,statutory4 inLimited Review of the above results for the quarter ended 31st December, 2022 and nine months ended 31st December, 2022 | 2 | LB he2.", | ||||||
| SoTheigensingle segment. So, above results are for single segment only. | ||||||||
| Place: PrantijDate: 7th February, 2023 | ||||||||
: | LB he 2. " ,
| AIROLAM LIMITED | AIROLAM | ||||
|---|---|---|---|---|---|
| 9 Dalpur Village, Nananpur Approach Road,Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. | |||||
| 9.9]99099- aaPOSNCORT | @ $912710-240572/73Precregteairsiam.com: | LAMINATE | makes it great = PLY PANEL DOORpir] in Lakh') | ||
| Particulars | AMOUNT IN31-Dec-2022 | A31-Mar-2022 | |||
| ASSETSI(a) | 1 Non Current AssetsProperty, Plant & Equipment | :<' | ,3,402.04 | 3,735.37 | |
| (b)(c) | Capital Work in progressInvestment PropertiesGoodwill | -- | -- | ||
| (d)(e)(f) | Other Intangible AssetsIntangible assets under development _ | : | -0.49- | 0.58- | |
| (g)(h) | Biological assets other than bearer plantsFinancial assetsInvestments in Associates(i) | : | -:-36.29 | --35.07 | |
| Trade receivables(ii)Loans(iii) Others - Security Deposit(iv) | *6 | --53.69, | ---54.85 | ||
| (i)(j) | Deferred tax assets (net)Other Non-current assets | / | -:3,692.51 | --3,825.87 | |
| 2 Current assets(a)(b) | Inventories:Financial assets—~ | 6,591.85- | 5,900.72 | ||
| Investments(i)Trade receivables(ii)<br>(iii) Cash and cash equivalents | -4,507.44 | -5,174.95 | |||
| Bank balance other than (iii) above(iv)Loans(v) | ;:\ | 44.60218.7724.42 | 292.98162.27- | ||
| (d)(e) | Others(vi)Current tax assets (net)Other current assets: | a1.67644.38 | -1.67610.28 | ||
| 12,033.1315,725.64Total Assets | 12,142.8715,968.74 | ||||
| ll.1 Equity | EQUITY AND LIABILITIES | ||||
| (b) | (a). Equity share capital:Other equity | ,, | 1,500.204,637.786,137.98i | 1,500.204,145.795,645.99 | |
| 2 Liabilities(a) | Non-current liabilitiesFinancial liabilities | ||||
| Borrowings(i)Trade payables(ii) | 1,755.12: | 2,194.84- | |||
| (b)(c) | (iii) Other financial liabilities (other than those specified in (b))ProvisionsDeferredtax liabilities(net) | -71.58291.86* | -56.09283.69 | ||
| (d) | non-currentOtherliabilities: | 2 | 112.39;2,230.95 | 62.392,597.01 | |
| 3 Current liabilities(a) | /Financial liabilities | ' | |||
| Borrowings(i):(ii)Trade payables | i, total outstanding dues of micro enterprises and small enterprises | 3,571.40- | 2,618.42"- | ||
| small enterprises | ii, total outstanding dues of-creditors other than micro enterprises and | 2,677.06 | 3,923.63 | ||
| (iii) Other financial liabilities fother than those specified in (c))(b) Other current liabilitiesCurrent(ce) Provisions | 893.56-214.69 | 1,071.51ms112.18 | |||
| (d) | tax liabilities (net) | --7,356.7115,725.64 | -7,725.74"15,968.74 | ||
AIROLAM LIMITED
[=] 9 Dalpur Village, Nananpur Approach Road, = Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. O +91 99099-54411 | © +91 2770-240572/73
| AIROLAM LIMITED | |||||
|---|---|---|---|---|---|
| [=] | 9 Dalpur Village, Nananpur Approach Road, | ||||
| = | Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. | ||||
| O +91 99099-54411 © +91 2770-240572/73© www.airolam.com © [email protected] | |||||
| CIN : L20211GJ2007PLC052019 | |||||
| Cash Flow Statement for the year ended 31°' December, 2022 | |||||
| AMOUNT IN | AMOUNTIN * | ||||
| PARTICULARS | Rs. In Lakh | Rs. In Lakh | |||
| Cash flow from operating activities: | 31-Dec-2022 | 31-Dec-2021 | |||
| Net profit before tax as per statement of profit and loss | 670.54 | 701.50 | |||
| Adjusted for: | |||||
| Depreciation & Preliminary Expenses Written OffInterest income on loans & advances given | 248.20 | 225.87 | |||
| Net Foregin Exchange Gain / Loss | |||||
| Interest & finance costsOperating cash flow before working capital changes | 278.16 | 192.02 | |||
| [Adjusted for: | 1,196.90 | 1,119.39 | |||
| (Increase)/ decrease in inventories | (691.13) | (1,827.44) | |||
| (Increase)/ decrease in trade receivables(Increase)/ decrease in other current assets | 667.51 | (562.31) | |||
| (Increase)/ decrease in other current tax assets | (34.10) | 167.26 | |||
| Increase/ (decrease) in other non current liabilities | 50.00_ | := | |||
| Increase/ (decrease) in trade payables | (1,246.57) | (23.10) | |||
| Increase/ (decrease) in other financial liabilitiesIncrease/ (decrease) in short term provisions | (177.95) | 127.71 | ' | ||
| Increase/ (decrease) in long term provisions | 102.5115.49 | 89.435.44 | |||
| Cash generated from / (used in) operations | (117.34) | (903.63) | |||
| Income taxes paid | (172.08) | (140.96) | |||
| Net cash generated from/ (used in) operating activities | [A] | (289.42) (4,044.59) | |||
| Cash flow from investing activities: | |||||
| Purchase of fixed assets | (115.54) | (259.78) | |||
| Sale of fixed assets | 0.75 | 10.58 | |||
| Increase/ decrease in short term loans and advances | (24.42)* | (103.15) | |||
| Increase/ decrease in long term loans and advancesIncrease/ decrease in other Bank balance | (56.50) | ||||
| Purchase/Sale of current investments | |||||
| Purchase/Sale of investments in Subsidiaries | 0.49 | ||||
| Increase/decrease in other security deposits | 1.16 | (1.53) | |||
| Net cash flow from/(used) in investing activities | (8) | (194.07) | (353.88) | ||
| - Cash flow from financing activities: | |||||
| Proceeds from long term borrowing (net) | (439.72) | 384.47 | |||
| Proceeds from short term borrowing (net) | 952.99 | 950.16 | |||
| _Interest & finance costs | Net cash flow from/(used in) financing activities | [c] | (278.16)235.11 | (192.02)1,142.61 | |
| Net increase/(decrease) in cash & cash equivalents [A+B+C] | (248.39) | (255.87) | |||
| C2 | n & cash equivalents as at beginning of the periodequivalents as at end of the period | 292.9844.60 | 477.73221.86 |
Place: Prantij Date: 7th February, 2023
Piyush J. Shah B.Com, FCA, D.I.S.A.(ICA)
Independent Auditor's Limited Review Report on Quarterly 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, Airo Lam Limited Survey No. 355, Nananpur Road, N.H. No. 8, Village - Dalpur, Ta - Prantij, Gujarat - 383 120
-
- We have reviewed the accompanying statement of Consolidated Unaudited Financial Results of AIRO LAM LIMITED ("the Holding Company") and its subsidiaries for the quarter ended on December 31, 2022 and year to date results for the period from 01 April 2022 to 31 December 2022 ("the statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended (the "Listing Regulations").
-
- This statement is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under section 133 of the Companies Act. 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on these financial statements based on our review.
-
- We conducted our review of the statements 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. A review is limited primarily $J.$ Shb
red Ac
Office: 404-504, Shikhar Building, Nr. Vadilal House, Netaji Marg, Mithakhali Cross Road, Navrangpura, Aha Ph.: (O) +91-079-40801121, 40801155, 66550333, 66550334, 9825027370 Email: [email protected] - [email protected] Website: www.pjshahca.com
to inquiries of company personnel and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly we do not express an audit opinion.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated 29th March, 2019 issued by SEBI under Regulation (33) 8 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
-
- The Statement includes the results of the following subsidiaries/associates.
- a) Airolam Asia Pacific Company Limited
-
- 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 aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- The consolidated unaudited financial results include the interim financial statements /financial information / financial results of one associate which have not been reviewed by us, whose interim financial statements / financial information /financial results reflect total assets of Rs. NIL as at December 31, 2022 and total revenue of Rs. NIL and Rs. NIL total profit/(loss) after tax of Rs. NIL and Rs. NIL and total comprehensive income of Rs. NIL and Rs. NIL for the quarter ended December 31, 2022 and for the period from 01 April 2022 to 31 December 2022, respectively, and cash flows (net) of Rs. NIL for the period from 01 April 2022 to 31 December 2022 as considered in the consolidated unaudited financial results, which have not been reviewed by us and the same has been provided to us by the management and our conclusion on the statement, in so far as it relates to the affairs these subsidiaries/associates, is based solely on such unaudited interim financial statements/ financial information/ financial results with J. Sha
Our conclusion on the statement is not modified in respect of the above matters.
For Piyush J. Shah & Co., Chartered Accountants F.R.N.: 121172W s. Shar $\mathcal{C}_{\mathcal{C}}$ Arvind S. Vijayvargiya Tered Acce Partner M. No.: 165063 UDIN: 23165063BGQPZR9513
Date: 07th February, 2023 Place: Ahmedabad
= Ta.: Prantij, Dist.: $.K., Gujarat - 383120, India. : fl O +9199099-54411 | © +91 2770-240572/73
| Unaudited Consolidated Financial Results for the period ended on December 31, 2022 | in Lakh | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Particulars | Quarterended on31-Dec-22 | Quarterended on30-22 | Quarterended on30-Jun-22 | Quarter~-ended on31-Dec-21 | Period/Yearended on31-Dec-22 | Period/Yearendedon ~31-Dec-21Unaudited | Yearended on31-Mar-22Audited | ||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited725.03 | |||||
| I | Revenue from | 766.12 | 63 | .08117.92 | 92.97 | 156.11 | |||
| II} | OtherTotal Revenue | 28.89 | 51.00 | 13.08 | |||||
| 3,534.81 | 3,746.53 | 2,634.62 | 10,379.62 | 9,092.00 | 12,582.40 | ||||
| Cost of material consumed/Productionof Stock in trade | 3,098.28 | ||||||||
| Purchase of stock in trade | :(646.37) | (262.69) | (185.87) | (691. | (1,230.06) | (1,404.85) | |||
| Changes in inventories of Finished Goods, Work-in-and Stock-in-trade | : | ||||||||
| benefits | 279.07 | 277.56 | 259.24 | 862.25 | 709.65 | ||||
| Finance Costs | 108.54' | 65.14 | 80.56 | :278.16 | 192.02 | ||||
| and amortization | 82.67 | 81.96 | 77.30 | 248.20 | 225.87 | ||||
| Other | : | 76 | 485.27 | ||||||
| TotalProfit before exceptional and extraordinary items and tax (IlI- | 490.48141.15 | 89303.47 | ' | 46670.54 | 474.75677.71 | ||||
| :Items | ¥ | *670.54 | |||||||
| items and taxProfit beforeitems | 141.15j- | 303.47 | : | ||||||
| Profit before tax | 141.15 | 303.47 | 670.54 | ||||||
| Tax | |||||||||
| Current tax | 80.32 | 172.08 | |||||||
| Deferred tax. | : | 2.67 | 1,93 | 4.25 | |||||
| ProvisionShort | = | :z | : | ||||||
| Profit (Loss) for the period from continuing operations (IX- | 103.98 | 221.22 | 494.21 | ||||||
| fromProfit | |||||||||
| Taxof | |||||||||
| Profit / (Loss) from discontinuing operations (after tax) (XIl | |||||||||
| Profitfor the | |||||||||
| incomeOther | |||||||||
| that will not be reclassified toor loss | |||||||||
| (ii) Income tax relating to items that will not be | |||||||||
| toorwill be reclassified toor loss | |||||||||
| tax relating to items that will be reclassified to | |||||||||
| Income | |||||||||
| Income | |||||||||
| Owners of the | |||||||||
| interests | |||||||||
| for the | |||||||||
| XX} | Income attributable toTotal | ||||||||
| of the | |||||||||
| ShareValue Rs. | |||||||||
| Revaluation | |||||||||
fm 9 Dalpur Village, Nananpur Approach Road, ue Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. : O +91 99099-54411 | © +91 2770-240572/73 @ wwwaairolam.com © [email protected] CIN : L20211GJ2007PLC052019
Consolidated Statement of Assets & Liabilities
| AMOUNT IN | (Amount in Lakh *)AMOUNT IN | ||||||
|---|---|---|---|---|---|---|---|
| Particulars | i | 3 | |||||
| ASSETS | 31-Dec-2022 | 31-Mar-2022 | |||||
| I | 1 Non Current Assets | ||||||
| (a) | Property, Plant & Equipment | *3602.04 | 3735.37 | ||||
| (b) | Capital Work in progress | - | - | ||||
| (c) | Investment Properties | = | - | ||||
| (d) | Goodwill | z | - | ||||
| (e) | Other Intangible Assets | 0.49 | 0.58 | ||||
| (f) | Intangible assets underdevelopment ' | - | |||||
| (g) | Biological assets other than bearer plantsFinancial assets | = | |||||
| (h) | {i) | Investments | -12.99 | ||||
| (ii) | Trade receivables | s | 11.29x | ||||
| (iii) | Loans | - | : | ||||
| (iv) | Others | 53.69 | 54.85. | ||||
| (i) | Deferred tax assets (net) | - | z | ||||
| {j) | Long Term Loans & AdvancesOther Non-current assets | - | @ | ||||
| {k) | - | = | |||||
| 3669.21 | 3802.09 | ||||||
| 2 Current assets | |||||||
| (a) | Inventories | 6591.85 | 5900.72 | ||||
| (b) | Biological Assets | - | - | ||||
| (c) | Financial assets | - | - | ||||
| (i) | Investments | - | - | ||||
| (ii) | Trade receivablesCash and cash equivalents | 4507.44 | 5174.95 | ||||
| (iii)(iv) | Bank balance other than (iii) above | 44.60 | 292.98 | ||||
| {v) | Loans | 3 | 218.7724.42 | 162.27 | |||
| (vi) | "Others | - | '-- | ||||
| (d) | Current tax assets (net) | 1.67 | 1.67 | ||||
| (e) | Other current assets | 644.38 | 610.28 | ||||
| 12033.13 | 12142.87 | ||||||
| Total Assets | 15702.34 | 15944.96 | |||||
| 1 Equity(a)(b) | Other equity | Equity share capital | 1500.204613.99 | 1500.20 | |||
| 6114.19 | 4122.015622.21 | ||||||
| Non controlling interest | - | : | |||||
| 2 Liabilities | 6114.19 | 5622.21 | |||||
| Non-current liabilities | : | ||||||
| (a) | Financial liabilities | ||||||
| (i) | Borrowings | 1755.12 | 2194.84 | ||||
| (ii) | Trade payables | - | - | ||||
| (iii) | Other financial liabilities (other than those specified in (b)) | - | - | ||||
| {b) | Provisions | Deferred tax liabilities (net) | 71.58 | 56.09 | |||
| (c) | 291.86. | 283.69 | |||||
| {d) | Other non-current liabilities | 112.39 | 62.39 | ||||
| 2230.95 | |||||||
| 3 Current liabilities | :: | ||||||
| (a) | Financial liabilities | ||||||
| eee,(i) | Borrowings | ||||||
| . (ii) | Trade payables | ||||||
| i, total outstanding dues of micro enterprises and small enterprises | |||||||
| ii, total outstanding dues of creditors other than micro enterprises and | |||||||
| _ | ii) | small enterprisesOther financial liabilities (other than those specified in (c)) | 2677.06 | 3923.63 | |||
| (b) | Other current liabilities | 894.05 | 1071.51 | ||||
| (c) | Provisions | 214.69 | 112.18 | ||||
| (a) | |||||||
| 7357.20 | 7725.74 | ||||||
| Current tax liabilities (net) AIROLAM | LIMITED | 15702.34 | 15944.96 | ||||
| Director |
Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. O +91 99099-54411 | © +91 2770-240572/73 © www.airolam.com © marketing@airolam:com CIN : L20211GJ2007PC052019
| AIROLAM LIMITED | AIROLAM | |||||
|---|---|---|---|---|---|---|
| Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. | ||||||
| O +91 99099-54411 © +91 2770-240572/73© www.airolam.com © marketing@airolam:com | LAMINATE | makes it great = PLY PANEL | ||||
| CIN : L20211GJ2007PC052019 | ||||||
| Consolidated Cash Flow Statement | Annexure- | |||||
| (Amount in Lakh *) | ||||||
| PARTICULARS | AMOUNT IN | AMOUNT IN | ||||
| 31-Dec-2022 | 31-Dec-2021 | |||||
| Cash flow from operating activities: | t | / | ||||
| Net profit before tax as per statement of profit and lossAdjusted for: | 670.54 | 677.71 | ||||
| Depreciation & amortization | 248.20 | 225.87 | ||||
| * | Loss on sale of fixed assetsInterest & finance costs | -278.16 | -192.02« | |||
| Operating cash flow before working capital changes | 1196.90: | 1095.60 | ||||
| Adjusted for:(Increase)/ decrease in inventories | (691.13) | (1,827.44) | ' | |||
| ,(Increase)/ decrease in Biological Assets | * | « | ||||
| (Increase)/ decrease in trade receivables(Increase)/ decrease in other current assets | 667.51 | (562.31)167.26 | ||||
| (Increase)/ decrease in other current tax assets | (34.10)- | - | ||||
| Increase/ (decrease) in other non current liabilities | 50.00 | - | ||||
| Increase/ (decrease) in trade payablesIncrease/ (decrease) in other financial liabilities | (1,246.57)(177.46) | (23.10)127.71 | ||||
| Increase/ (decrease) in other current liabilities | - | - | ||||
| Increase/ (decrease) in short term provisions | 102.51 | 89.43 | ||||
| Increase/ (decrease) in long term provisionsCash generated from / (used in) operations | 15.49(116.85) | 5.44(927.41) | ||||
| __Income taxes paid | (172.08) | (140.96) | ||||
| : 'Net cash generated from/ (used in) operating activities | [A] | (288.94) | (1,068.37) | |||
| (115.54) | (259.78) | |||||
| 'Sal | 0.75 | 10.58 | ||||
| __ Increase/ decréase in short term loans and advances | (24.42): | (103.15) | ||||
| Increase/ decrease in other Bank balance_ Purchase/Sale of non-current investments | (56.50)- | -4- | ||||
| Purchase/Sale of current investments | - | 23.78 | ||||
| Increase/decrease in other security deposits-Net.cash flow from/(used) in investing activities | (B] | 1.16(194.55) | (1.53)(330.10) | |||
| Cash flow from financing activities: | ||||||
| Proceeds from jong term. borrowing (net) | (439.72) | 384.47 | ||||
| Proceeds from short term borrowing (net) | 952.99 | 950.16 | ||||
| Non Controlling InterestInterest & finance costs | "(278.16) | -(192.02) | ||||
| Net cash: flow from/(used in) financing activities | [c] | 235.11 | 1142.61 | |||
| Net tpsseasp/Wecrsos?) in Gosh& cash equivalents [A+B+C] | (248.39) | (255.87) | ||||
| es | wRIROLAM LIMIFED— | Pere | ||||
| cash & cash equivalents as at begin ng of th— | 292.98 | sai477.73 |
a Ta.: Prantij, Dist.: S.K., Gujarat - 383120, India. [=] 9 Dalpur Village, Nananpur Approach Road, © +91 99099-54411 | © +91 2770-240572/73 CIN : L20211GJ2007PLC052019 © wwwaairolam.com © [email protected] , ; LAMINATE | PLY | PANEL | DOOR
makes it great =
AIROLAM
Notes to the unaudited consolidated financial results for the quarter ended 31st December, 2022
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The above financial results have been reviewed by the Audit committee and approved by the Board of Directors at their respective meetings held on 08th Febraury, 2023 and have undergone "Limited Review" by the Statutory Auditor of the Company. 5
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The financial results have been prepared in accordance with the Indian Accounting Standards (IND AS) as notified under » the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013.
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The financial results for the quarter ended 31st December, 2022 are IND AS compliant. The management has exercised necessary due diligence to ensure that the financial results give a true and fair view. This information has not been subjected to limited review or audit.
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In line with the provisions of IND AS 108 - "Operating Segments", the Company is engaged in manufacturing, trading, producing, purchasing or selling of hybrid seeds through various dealers and distributors, which constitute single reportable business segment. The company is operating in India and there is no other reportable geographical segment.
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The weighted average number of equity shares outstanding during the period has been considered for calculation basic and diluted Earning per share (not annualized) in accordance with IND AS-33 "Earning per Share".
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The company has valued its financial assets (other than investments in subsidiaries which are accounted at cost) at fair value. Impact of fair value changes as on the date of transition, is recognized in OCI.
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The Company accounts for sales return accrual by recording an allowance for sales returns concurrent with the recognition - of revenue at the time of product sale. This allowance is based on the Company's estimate of expected sales returns. With respect to established/new products, the company considers its historical experience/managément estimation of sales returns, levels of inventory distribution channel, estimated shelf life étc., ag the case may be. The company reverses the previously recorded allowances for sales return based on the actual sales return received and rest of the allowances is either reversed or adjusted in sales.
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The Company accounts for discounts accrual by recording an allowance for discounts concurrent with the recognition of revenue at the time of product sale. This allowance is based on the Company's estimate of expected discounts. With respect to established/new products, the company considers its historical experience/management estimation of discounts, levels of inventory distribution channel etc., as the case may be. The company reverses / adjusting the previously recorded allowances for discounts based on the actual discounts given and rest of the allowances is either reversed or adjusted in sales.
: 9. Cash flow for the half year ended December 31, 2022 and December 31, 2021 is given as per Annexure - |
Ye figures for the previous periods have been regrouped/reclassified wherever necessary to confirm with the current Pp od's classification.
