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Bhansali Engineering Polymers Ltd. Interim / Quarterly Report 2024
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Interim / Quarterly Report
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bHANSAli EN qi N EERi NG polyM ERS li M iTEd
CIN : L27100MH1 984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61/62/63/64 • E-mail: [email protected] • Website: www.bhansaliabs.com
BEPL/SEC/2024/161
2l•t October, 2024
| To, | To, |
|---|---|
| The BSE Limited | National Stock Exchange of India Limited |
| Corporate Relationship Department,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai -400 001 | 1, Sandra-Exchange Plaza, C -Kurlaandra (East),Complex, S400 051Mumbai - |
| Security Code: 500052 | Security Code : BEPL |
Sub: Outcome of Board Meeting - Monday, 2l•t October, 2024
Dear Sir/ Madam,
Pursuant to Regula tion 30, 33 and 42 read with Schedule Ill and other applicable Regu lations of the SEBI (Listing Obligations and Disclosur e Requiremen ts) Regulations, 20 15, as amended, please be informed that th e Board of Directors of the Company at its meeting held today had, inter alia:
-
- Approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2024, after the Limited Review by the Statutory Auditors;
- 2 . Declared 2nd Interim Dividend of Re.1/- (100 % ) per Equity Share (of th e face valu e of Re. l each) for financial year 2024-25, subject to deduction of tax at source;
-
- Fixed Thursday, 3 1st October, 2024 as the record date for determining entitlements of shareh olders to receive th e 2nd Interim Dividend for financial year 2024-25. The 2nd Interim Dividend will be paid on or before 08th November, 2024.
The m eeting commenced at 05:00 p.m. and concluded at _ :_ p.m. 0727
We h er eby enclose th e following:
- a. Limited Review Report on Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2024, issued by the Statutory Auditors of the Company; and
- b. Copy of Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2024.
bHANsAli ENGiNEERiNG polyMERs liMiTEd
CIN : L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 /62/63/64 •E-mail : [email protected] •Website: www.bhansaliabs.com
Request you to take the same on record.
Thanking you ,
Yours faithfully, For Bhansali Engineering Polymers Limited
ASHWIN MANILAL PATEL Digitally signed by ASHWIN MANILAL PATEL Date: 2024.10.21 19:32:58 +05'30'
Ashwin M. Patel Company Secretary & GM (Legal)
Encl: as above
AZAD JAIN & CO.
I 111 1'1 N nl·N I /\llDl'l ()I{' ~l{FVll:W HEPORT ON Tf l FOUJ\f< rm LY LJ \ji\ L fJrfFD Fl N/\NC IJ\L RESULTS OF TH E COMP I\ NY Pl.iR5{.; L\ vr ro ~~ 0 1· SEBI (USTING OBl.IGA TIONS AND DfSCLOC, t;RF TS) REGULATIONS, 2015 "1 I\ "J Dl\I ONI, RI (.L'l fl. 110 RI Ol'IRl ,ff
Rl'' I('' lfrpo rl In l'lw H<'a rd c1 f Direc or , Bhansa li Engineering Polyme rs Limited, 'vfumbai.
- \ 'c have reviewed the accompany ing Statement of Unaudited Standalone Financial Resul t •Ji Bhansa li Engineering Polymers Limited ("the Company") for the qua rter and six th~ ended 30"• September, 2024 (" the Statement'') , being submitted by Company to the 5tot:k b.change viz. BSE Limited ("BSE") and The Nati onal Stock Excha nge of India Limited (" '; F" p ursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disd osu re ~C'qu ements) Regulations, 2015, as amend ed ("the Regula tion"), read with SEBI Circular . u C IR/CFD/CMDl/44/2019 dated 291 " March, 2019 ("the Circular" ).
- 2J Tlw preparation of the statement in accordance with the recognition and measu remi:>nt pri nciples laid d own in Indian Account ing Sta nda rds 34, "Inte rim Financia l Reporting". (l nJ A S 34) prescribed unde r Section 133 of the Companies Act, 201 3, as amended, read ' ith relevant rules issued thereunder and o ther accounting principles gene rally acl.'epted in lnd i.,. read with the Circular is the responsibil ity o f the Companr 's management and has b11 approved by the Board of Directors o f the Compa ny. O ur responsibility is to i:> xpri:>$S .l cond ui non the Statement based on our review.
-
- We conJ ucted o ur rev iew in accordance with the Standard on Rt>view Engagemt>nt (SRE) 24 10 "fcvww of /11fi:ri111 Fi11n11 cinl J11for111a tio11 Perfommt f1y lht.: /111it.:pt.:11dml Awlilur L•( fllllly ··r"lllt• _t;/n11 dard"J, is!> ued by the Institute o f C ha rlL'reJ A.:.:o untant 1> f tndi<l. This S tclndMd n:quire::. that we plan and perform the rev iew to obtain mod e ra te c1ssur<11ll't.' c\S to whdht>r tht•Statemt>n t is free of material misstatement. A review of interim finanri,11 informatio n consists of making inqu iries, primarily of the Company's personnel sp sib · for financial and acco unting ma tters and applying ana ly tica l a nd o the r review procedures. A rev iew is s ubstantially less in scope than an audit conducted in accordance with Stand ards on Aud iting and con.sequ1:1ntly d oes no t enable us to obtain assurance that we would become aware of all significa n t matte r::. tha t mig ht be id entified in an audit. According ly, we d o not express an a udit o pinion.
__,..,
HO: E-1603, LAKE FLORENCE, LAKE HOMES. OFF ADI SANKARACHARYAMARG. POWAi. MUMBAI. (MAHARASHTRA)- 400076. MOB. 0941 4167046 401-402, (4TH FLOOR). SHREEJI CHAMBERS. 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. :0294 - 2428460. 2425529
i't . ... . . l
- Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued U1ereunder and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Regulation, read with the circular, including the manner in which it is to be disclosed or that it contains any material misstatement.
For Azad Jain & Co Chartered Accountants
Fin~t\c;Jt6251C c{'g er
CA Partner Membership No.: 400600
Place: Mumbai Date : 21'1 October, 2024
UDIN No: 24400600BKGR1N70 10
~r bHANSAli ENqiNEERiNq polyMERS liMiTEd
CIN : L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail : abstron @bhansaliabs.com • Website: www.bhansaliabs.com
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2024 UNDER IND AS
| {".in lakhs) {Except Earning per share) | |||||||
|---|---|---|---|---|---|---|---|
| Quarter ended | STANDALONEHalf Year ended | Year ended | |||||
| P A RT I C ULA RS | 30-09-2024 | 30-06-2024 | 30-09-2023 | 30-09-2024 | 30-09-2023 | 31-03-2024 | |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| INCOME | |||||||
| I | Gross Revenue including GST | 43,293.73 | 40, 118.84 | 37,077.87 | 83,412.57 | 71 ,822.41 | 1,43,951 .21 |
| II | Less:GST Recovered | 6,602.80 | 6,113.21 | 5,654.05 | 12,716.01 | 10,950.57 | 21 ,777.61 |
| Ill | Revenue from operations (Net of GST) (1-11 ) | 36,690.93 | 34 005.63 | 31 ,423.82 | 70,696.56 | 60 871.84 | 1,22, 173.60 |
| IV Other Income | 1,210.70 | 1,177.49 | 946.49 | 2,366.19 | 2,199.45 | 4,064.25 | |
| v Total Income (lll+IV) | 37 901.63 | 35183.12 | 32 370.31 | 73 084.75 | 63,071.29 | 1,26 237.85 | |
| VI | EXPENSES | ||||||
| {a) Cost of materials Consumed | 21 ,467.48 | 21 ,441 .25 | 19,040.49 | 42,908.73 | 38,894.19 | 77,942.79 | |
| (b) Purchase of stock-in-trade | 3,616.24 | 2,604.36 | 1,249.54 | 6,220.60 | 2,224.66 | 6,274.17 | |
| (c) Changes in inventories of finished goods, | 1,378.54 | (659.71) | 1,036.79 | 718.83 | (206.56) | {1 ,026.08) | |
| work-in-progress and stock-in-trade(d) Employee benefits expense | 1,531 .50 | 1,579.60 | 1,423.05 | 3,111 .10 | 2,856.28 | 5,473.96 | |
| (e) Finance Costs | 4.09 | 4.78 | 5.77 | 8.87 | 10.61 | 20.49 | |
| (I) Depreciation & amortisation expenses | 236.85 | 233.98 | 246.20 | 470.83 | 491 .18 | 969.72 | |
| (a\ Other expenses | 3,394.17 | 2,881.86 | 2,920.13 | 6,276.03 | 5.693.31 | 12,306.39 | |
| TOTAL EXPENSES la to al | 31,628.87 | 28086.12 | 25,921.97 | 59 714.99 | 49 963.87 | 1 01 ,961 .44 | |
| VII Profit /{Loss) before exceptional and extraordinary items | |||||||
| and tax IV - Vil | 6,272.76 | 7,097.00 | 6,448.34 | 13,369.76 | 13,107.42 | 24,276.41 | |
| VIII Exceptional Items | |||||||
| IX Profit /{Loss) before extraordinary items and tax (VII- VIII) | |||||||
| x Extraordinary items | 6,272.76 | 7,097.00 | 6,448.34 | 13,369.76 | 13,107.42 | 24 276.41 | |
| Profit I (Loss) before share of net profitl{loss) of investment | 6,272.76 | 7,097.00 | 6,448.34 | 13,369.76 | 13,107.42 | 24,276.41 | |
| XI | accounted for using equity method and t ax {IX -X) | ||||||
| Share cf net profitl{loss) from Joint Venture accounted for using | |||||||
| XII the equity method | - | - | |||||
| XIII Profit I ILossl before tax IXl+Xll) | 6,272.76 | 7,097.00 | 6 448.34 | 13,369.76 | 13 107.42 | 24 276.41 | |
| XIV Tax Expenses | |||||||
| (i) Current tax | 1,585.69 | 1,793.64 | 1,650.02 | 3,379.33 | 3,308.25 | 6,295.03 | |
| (ii) Deferred tax | 17.73) | (6.36) | (1 .69) | (14 09) | (33.19) | 8.08 | |
| xv Profit I (Loss) for the period ( XIII- XIV l | 4 694.80 | 5 309.72 | 4 800.01 | 10 004.52 | 9 832.36 | 17 973.30 | |
| XVI Other Comprehensive Income I {loss) {net of tax)1ota11,;omprenens1ve income / (Loss) rortne per1oa \Av | (47.56) | - | 14.40 | (47.56) | 0.03 | (109.74) | |
| XVII | +XVI ) | 4,647.24 | 5,309.72 | 4,814.41 | 9,956.96 | 9,832.39 | 17,863.56 |
| XVIII Paid Up Equity :snare 1,;ap11a1 | £,4tlt!.58 | 2,488.58 | 2,488.58 | 2,488.58 | 2.488.58 | £,4t1t1.ot1 | |
| XIX Reserves excluding revaluation reserves | 89,649.39 | ||||||
| (as shown in the Audited Balance Sheet of previous year) | |||||||
| xx Earnings per share (ofeach) | |||||||
| (i) Basic | 1.89 | 2.13 | 1.93 | 4.02 | 3.95 | 7.22 | |
| (ii) Diluted | 1.89 | 2.13 | 1.93 | 4.02 | 3.95 | 7.22 | |
| Notes: | |||||||
| 1 | The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting | ||||||
| Standards (lndAS 34), the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Beard of India (SEBI) | |||||||
| under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, [SEBI (LODR) Regulations, 2015] as amended. | |||||||
| 2 | The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 21st | ||||||
| October,2024.The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results in terms of Regulation 33 of SEBI {Listing Obligations | |||||||
| and Disclosure Requirements) Regulations, 2015. | |||||||
| 3 | In accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, the above Unaudited Standalone Financial Results of the Company are posted on | ||||||
| Company's website (www.bhansaliabs.com) and on the website of BSE Limited (www.bseindia.com) and the National Stock Exchange of India Limited | |||||||
| (www.nseindia.com), where the Company's shares are listed. | |||||||
| 4 | The Board of Directors at its meeting held on 21st October,2024, has declared 2nd Interim Dividend of 100% (viz Re 1/- per share having face value of Re.1/- | ||||||
| each). Considering the 1st Interim Dividend of Re 1/- per share declared in July,2024, the total Interim Dividend declared till date is 200% (i.e. Re 2/-) per share. | |||||||
| tomake | them comparable | ||||||
| 5 | The Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics" | ||||||
| 6 | Figures for the previous Period/ Year have been re-grouped/ reworked/ re-arranged wherever | ||||||
| . necessary, | |||||||
| gri | U ml"dPolym•ffi | ||||||
| ~ | |||||||
| Place : MumbaiDated : 21st October, 2024 | DIN:00102930 | Chairman & Managing Director | ~ | ~~~)1~ |
bHANsAli ENGiNEERiNG polyMERs liMiTEd
CIN: L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail : [email protected] •Website: www.bhansaliabs.com
| STATEMENT OF UNAUDITED STANDALONE ASSETS AND LIABILITIES | |||
|---|---|---|---|
| AS AT 30TH SEPTEMBER, 2024 | ( t'. in lakhs) | ||
| Particulars | As at 30thSeptember2024 | As at 31stMarch 2024 | |
| A Assets | |||
| 1) No n-Current Assets | |||
| (a) Property, Plant and Equipment | 12,932.28 | 13,255.85 | |
| (b) Capital work in progress | 2,120.47 | 1,894.44 | |
| (c) Intangible assets | 16.10 | 0.30 | |
| (d) Financial assets | |||
| (i) Non- current Investments | 112.80 | 112.80 | |
| (ii) Loans | 1,875.00 | 7,600.00 | |
| (iii) Other financial assets | 15.34 | 15.45 | |
| (e) Other non-current assets | |||
| 950.05 | 952.62 | ||
| Total Non-Current Assets (A) | 18,022.04 | 23,831.46 | |
| 2) Cu rrent Assets | |||
| (a) Inventories | 20,458.94 | 13,583.39 | |
| (b) Financial assets | |||
| (i) Trade Receivables | |||
| (ii) Cash and cash equivalents | 25,667.0625,598.99 | 22,993.06 | |
| (iii} Bank balances other than (ii) above | 10,377.96 | ||
| 20,403.54 | 10,354.19 | ||
| (iv) Loans | 6,462.91 | 22,218.06 | |
| (v) Other Financial assets | 1,147.45 | 465.89 | |
| (c) Other current assets | 2,557.33 | 1,612.89 | |
| Tota l Current Assets (B) | 1,02,296.22 | 81,605.44 | |
| Total Assets (A)+ (B) | 1,20,318.26 | 1,05,436.90 | |
| B Equity & Liabilities | |||
| 1)Equity | |||
| (a) Equity share capital | 2,488.58 | 2,488.58 | |
| (b) Other Equity | 94,629.18 | 89,649.39 | |
| Total Equity (A) | 97,117.76 | 92,137.97 | |
| 2) Liabilities | |||
| Non-Current Liabilities | |||
| (a) Financial Liabilities | 323.41 | 261 .93 | |
| (b) Provisions | 133.76 | 126.69 | |
| (c) Deferred tax liabilities (Net) | 1.701 .72 | 1,731.82 | |
| Total Non-Current Liabilities (B) | 2,158.89 | 2,120.44 | |
| Current Liabilities | |||
| (a) Financial Liabilities | |||
| (i) Trade payables | |||
| a) total outstanding dues of micro and small enterprises | 211.21 | 351 .39 | |
| b) total outstanding dues of creditors other than micro | 18,086.59 | 8,680.90 | |
| and small enterprises | |||
| (ii) Other Financial Liabilities | 886.05 | 666.97 | |
| (b) Other current liabilities | 756.70 | 1,306.18 | |
| (c) Provisions | 85.08 | 111.42 | |
| (d) Current tax liabilities (Net) | 1,015.98 | 61 .63 | |
| Total Current Liabilities (C) | 21,041.61 | 11 ,178.49 | ~NGp&&'1'. |
Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel. : (07165) 226376/77/78/79 • E-mail : [email protected]
Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel. : (02974) 226781 /82/83/84 •E-mail : [email protected]
24,276.41
969.72
(6.01) (3,560.50) (112.80)
(24 .63) 21,542.19
3,498.02 803.17
33.35 280.71 5.48 2,824.57 (39.24) 326.39 - (53.72) 29,220.92 (6,233.40) 22,987.52
21.28
bHANsAli ENGiNEERiNG polyMERs liMi1Ed
CIN : L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058.
Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail: [email protected] • Website: www.bhansaliabs.com BHANSALI ENGINEERING POLYMERS LIM ITED Standalone Statement of Cash Flow for the half year ended 30th September, 2024 Particulars Cash flows from operating activities Profit before tax as per statement of profit and loss Adiustments to reconcile profit before tax to net cash flows Depreciation of property, plant and equipment Amortisation of Intangible Assets Profit/( Loss) on Disposal/Write Off of Fixed Assets (Net) Interest income Dividend income Finance Costs Unrealised exchange (gain) I losses Operating profit before working capital changes Movement in Working Capital: Decrease/ (increase) in Inventories Decrease I (increase) in Trade and other receivables Decrease I (increase) in other non current financial assets Decrease I (increase) in other current financial assets Decrease I (increase) in Other current assets Increase I (Decrease) in Other non current assets Increase I (Decrease) in Trade payable Increase I (Decrease) in Provision Increase I (Decrease) in other current financial liabilities Increase I (Decrease) in other non-current financial liabilities Increase I (Decrease) in Other current liabilities Cash generated from/(used in) operations Direct taxes paid, net of refunds Net cash flow from/ ( used in} operating activities (A) Cash flows from investing activities Purchase of Property, plant and equipment including CWIP Proceeds from sale of Property, plant and equipment Fixed Deposits placed D1v1dend Income Half year ended 30th Seotember 2024 13,369.76 470.49 0.33 (9.49) (1,826.18) (90.24) (101.38) 11,813.29 (6,875.55) (2,674.00) 0.11 (681.56) (944.44) 2.56 9,366.89 (82.83} 231.44 (549.48) 9,606.43 (2,424.98) 7,181.45 (391.09) 11.50 (10,000.23) 90.24 nlakhs) Year ended 31st March 2024
Loans Given Loans Received back Interest income Net cash from/(used in) investing activities (B} Cash flows from financing activities Finance Costs Dividend paid on equity shares Net cash from/( used in) financing activities (C) Net increase/ (decrease) in cash and cash equivalent s (A+B+C) Cash and Cash equivalents at the beginning of year Cash and Cash equivalents at the end of the year Notes: (31,007.65) 52,487.80 1,826.18 13,016.7S (4,977.17) (4,977.17) 15,221.03 10,377.96 25,598.99 (2,137.41) 2,544.80 112.80 (24,246.75) 24,656.31 3,560.50 4,511.53 (32,351.60) (32,3Sl.60) (4,852.56) 15,230.52 10,377.96
- The above Cash Flow Statement has been prepared under the 'Indirect method' as set out in the Ind AS-7 on Statement of Cash Flow as notified _ under Companies (Accounts) Rules, 2015. h ?-ING Po
2.Previous year's figures have been regrouped and rearranged wherever necessary. 4~ ~i
| /ti'i l • . .:(',.,~) | |
|---|---|
| Satnoor Plant | 1-'"'< ,._(/)-i: Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108.t::Tel. : (07165) 226376/77/78/79 •E-mail : [email protected]-.;;;c.Pz;~ |
| Abu Road Plant | : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. 'I-if!__!!:_ 0Tel. : (02974) 226781/82/83/84 • E-mail : [email protected] |
AZAD JAIN & CO.
r __
*(J* CHARTERED ACCOUNTA~lTS
INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY UNAUDITTD CONSOLIDATED FINANClAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULA TIO NS, 2015
Review Report to The Board of Directors, Bhansali Engineering Polymers Limited, Mumbai.
- l) We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of BHANSALI ENGINEERING POLYMERS LIMITED ('the Company'), comprising its joint venture together, (' the Group') for the quarter and six months ended 30th September ,2024 ('the Statement'), attached here with, being submjtted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended ('the Regu lation') read with SEBI Circular No. CIR/CFD/CMDl/44/2019 dated 291 h March, 2019 ("the Circular").
- 2} Trus statement, wruch is the responsibility of the Parent's Management and approved by the Parent's Board of Directors in their meeting held on 21 • 1 October , 2024 has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standards 34, "Interim Financial Reporting", (Ind AS 34) prescribed under Section 133 of the Companj es Act, 2013, as amended, read with relevant Rules issued thereunder and other accounting principles generally accepted in India, read with the Circular. Our responsibility is to express a conclusion on the Statement based on ou r review.
-
- We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the lndependenl Auditor of Entity "(" the Standard"), issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review proced ures. 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 e>p,ess an aud;t opinion. ~~\ ~ ~ \ (\ \
HO· E-1603, LAKE FLORENCE, LAKE HOMES. OFF ADI SANKARACHARYAMARG, POWAJ, MUMBAI. (MAHAAASHTRAH00076. MOB. 09414167048 401 -402. (4TH FLOOR). SHREEJI CHAMBERS. 32 -A, PANCHWATI, UOAIPUR - 313 001 TEL. :0294 - 2428460. 2425529 We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obliga tions and Disd osure Requirements) Regulations, 201 5 as amend ed, to the extent applicable.
-
- The Statement includes the results of the foll owing entities: Bhansa li Nippon A& L Private Limited Ooint venture Entity).
-
- The Statement includes the interim financial results and other financial information of 1 joint venture entity whose interim financial results/information reflects Group's share of total assets of Rs. 215.52 lakhs and total net Profit after tax of Rs. 28.11 lakhs for the quarter ended 301 September, 2024. These financial statements and other financial information have been reviewed by other auditor, whose reports have been furnished to us by the management. Our opinion, in so far as it relates to the affairs of such Joint venture is based solely on the report of such auditors. Our conclusion is not modified in respect of this matter.
For Azad Jain & Co
Chartered Accountants
Fi egistration ~~er: 006251C \ " (JV0 '"'-. ~
CA Rishabh Verdia ' , Partner Membership Number: 400600
Place: Mumbai
Date: 21st October, 2024
UDlN No:24400600BKG RI03437
bHANSAli ENqiNEERiNq polyMERS liMiTEd
CIN : L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 /62/63/64 •E-mail: [email protected] •Website: www.bhansaliabs.com
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED JOTH SEPTEMBER, 2024 UNDER IND AS
| (f in lakhs) (Except Earning per s hare) | |||||||
|---|---|---|---|---|---|---|---|
| CONSOLIDATEDHalf Year ended | |||||||
| P ART I C UL A R S | 30-09-2024 | Quarter ended30-06-2024 | 30-09-2023 | Year ended | |||
| Unaudited | Unaudited | Unaudited | 30-09-2024Unaudited | 30-09-2023Unaudited | 31-03-2024Audited | ||
| INCOME | |||||||
| I | Gross Revenue including GST | 43,293.73 | 40, 118.84 | 37,077.87 | 83,412.57 | 71 ,822 41 | 1,43,951 21 |
| II | Less:GST Recovered | 6,602 80 | 6,113.21 | 5,654.05 | 12.716 01 | 10,950.57 | 21 ,777 61 |
| Ill Revenue from operations (Net of GST) (1-11) | 36,690.93 | 34,005.63 | 31 ,423.82 | 70,696.56 | 60,87184 | 1,22, 173.60 | |
| IV Other Incomev Total Income (lll+IV) | 1,120 46 | 1,177.49 | 946 49 | 2,297 95 | 2,199 45 | 3,951.45 | |
| VI EXPENSES | 37,811 .39 | 35,183.12 | 32,370.31 | 72,994.51 | 63,071 .29 | 1,26, 125.05 | |
| (a) Cost of materials Consumed | 21 ,467.48 | 21 ,441 .25 | 19,040.49 | 42,908.73 | 38,894 19 | 77,942 79 | |
| (b) Purchase of stock-in-trade | 3,616.24 | 2,604.36 | 1,249.54 | 6,220.60 | 2,224 86 | 6,274 17 | |
| (c) Changes in inventories of finished goods, | 1,378 54 | (659.71) | 1,036.79 | 718.83 | (206.56) | (1 ,026.08) | |
| work-in-progress and stock-in-trade(d) Employee benefits expense | 1,531 50 | ||||||
| (e) Finance Costs | 4.09 | 1,579.604.78 | 1,423.055.77 | 3,11 1.108.87 | 2,856.2810 61 | 5,473 9620 49 | |
| (I) Depreciation & amortisation expenses | 236.85 | 233.98 | 246.20 | 470.83 | 491 .18 | 969.72 | |
| (Q) Other expenses | 3,394.17 | 2,881 .86 | 2,920.13 | 6,276.03 | 5,693.31 | 12,306 39 | |
| TOTAL EXPENSES (a to Q) | 31,628.87 | 28,086.12 | 25,921 .97 | 59,714.99 | 49,963.87 | 1,01 ,961.44 | |
| VII Profit I (Loss) before exceptional and extraordinary items | 6, 182.52 | 7,097.00 | 6,448.34 | 13,279.52 | 13,107.42 | 24,163.61 | |
| and tax IV - VilVIII Exceptional Items | - | - | |||||
| IX Profit I (loss) before extraordinary items and tax (VII- VIII) | 6,182.52 | 7,097.00 | |||||
| 6,448.34 | 13,279.52 | 13,107.42 | 24,163.61 | ||||
| x Extraordinary items | - | ||||||
| XI | Profit I (loss)before share of net profit/( loss) of investmentaccounted for using equity method and tax (IX -X) | 6,182.52 | 7,097.00 | 6,448.34 | 13,279.52 | 13,107.42 | 24,163.61 |
| Share of net profit/(loss) from Joint Venture accounted for | |||||||
| XII usinQ the equitv methodXIII Profit I (Loss) before tax (Xl+Xlll | 28 11 | 25.28 | 21.71 | 53.39 | 40 11 | 76 64 | |
| XIV Tax Expenses | 6,210.63 | 7, 122.28 | 6,470.04 | 13,332.91 | 13,147.53 | 24,240.25 | |
| (i) Current tax | 1,585 69 | 1,793.64 | 1,650.02 | 3,379.33 | 3,308.25 | 6295 03 | |
| (U) Deferred tax | (7.73) | (6.36) | (1 .69) | (14.09) | (33.19) | 8 08 | |
| xv Profit I (l oss) for the period ( XIII- XIV ) | 4,632.67 | 5,335.00 | 4,821 .71 | 9,967.67 | 9,872.47 | 17,937.14 | |
| XVI Other Comprehensive Income I (loss) (net of tax)Total c omprehensive Income / !LOSSJ ror tne penoa vw | (47.561 | 14.40 | 147.561 | 0.03 | 1109.74) | ||
| XVII | +XVI ) | 4,585.11 | 5,335.00 | 4,836.11 | 9,920.11 | 9,872.49 | 17,827.40 |
| XVIII Paid Up Equity Share Capital | 2,488 58 | 2,488.58 | 2,488.58 | 2,488.58 | 2,488.58 | 2,488 58 | |
| XIX Reserves excluding revaluation reserves | - | - | - | 89,788.96 | |||
| (as shown in the Audited Balance Sheet of previous year) | |||||||
| xx Earnings per share (of '. 1 /- each)(i) Basic | 1.86 | 2.14 | 1.94 | 7.21 | |||
| (ii) Diluted | 1.86 | 2.14 | 1.94 | 4.014.01 | 3.973.97 | 7.21 | |
| Notes: | |||||||
| 1 | The Unaudited Consolidated Financial Results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting | ||||||
| Standards (lndAS 34), the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) | |||||||
| under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, [SEBI (LODR) Regulations, 2015] as amended. | |||||||
| 2 | The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 21st | ||||||
| October,2024. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results in terms of Regulation 33 of SEBI (Listing Obligations | |||||||
| and Disclosure Requirements) Regulations, 2015. | |||||||
| 3 | In accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, the above Unaudited Consolidated Financial Results of the Company are posted on | ||||||
| Company's website (www.bhansaliabs.com) and on the website of BSE Limited (www.bseindia com) and the National Stock Exchange of India Limited | |||||||
| (www.nseindia.com), where the Company's shares are listed. | |||||||
| 4 | The Board of Directors at its meeting held on 21st October,2024, has declared 2nd Interim Dividend of 100% (viz Re 1/- per share having face value of Re.1/- | ||||||
| each).Considering the 1st Interim Dividend of Re 1/- per share declared in July,2024. the total Interim Dividend declared till date is 200% (i.e.Re 2/-) per share | |||||||
| 5 | The Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics" | ||||||
| 6 | The consolidated financial statements include results of Joint Venture Company viz.Bhansali Nippon A & L Private Limited. | -.:7::-- | |||||
| 7 | Figures for the previous Period/ Year have been re-grouped/ reworked/ re-arranged wherever necessary, | to make them comparable. | ~~~ | ||||
| ./ | |||||||
| ""' Po,ymm Cimi"d | |||||||
| l~~A. | , | ||||||
| Bhali | Ul | I | |||||
| Place ; Mumbai | Chair an & Managing Director | "Vi.;li& ,,_ c'?Y | |||||
| Dated : 21st October, 2024 | DIN:00102930 | ||||||
| Satnoor Plant: Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. | |||||||
| Tel. : (07165) 226376177178179 • E-mail : [email protected] |
Tel. : (02974) 226781 /82/83/84 •E-mail : [email protected]
Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026.
b~ANsAli ENGiNEERiNG polyMERS liMiTEd
CIN: L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61/62/63/64 •E-mail : [email protected] •Website: www.bhansaliabs.com
| STATEMENT OF UNAUDITED CONSOLIDATED ASSETS AND LIABILITIES | |||
|---|---|---|---|
| AS AT 30TH SEPTEMBER, 2024 | |||
| (~ . in lakhs) | |||
| Particulars | As at 30thSeptember 2024 | As at 31stMarch 2024 | |
| A Assets | |||
| 1) Non-Current Assets | |||
| (a) Property, Plant and Equipment | 12,932.28 | 13,255.85 | |
| (b) Capital work in progress | 2, 120.47 | 1,894.44 | |
| (c) Intangible assets | 16.10 | 0.30 | |
| (d) Financial assets | |||
| (i) Non- current Investments | 215.52 | 252.37 | |
| (ii) Loans | 1,875.00 | 7,600.00 | |
| (iii) Other financial assets | 15.34 | 15.45 | |
| (e) Other non-current assets | 950.05 | 952.62 | |
| Total :Non-Current Assets (A) | 18,124.76 | 23,971.03 | |
| 2) Current Assets | |||
| (a) Inventories | 20,458.94 | 13,583.39 | |
| (b) Financial assets | |||
| (i) Trade Receivables | 25,667.06 | 22,993.06 | |
| (ii) Cash and cash equivalents | 25,598.99 | 10,377.96 | |
| (iii) Bank balances other than (ii) above | 20,403.54 | 10,354.19 | |
| (iv) Loans | 6,462.91 | 22,218.06 | |
| (v) Other Financial assets | 1,147.45 | 465.89 | |
| (c) Other current assets | 2,557.33 | 1,612.89 | |
| Total Current Assets (B) | 1,02,296.22 | 81,605.44 | |
| Tota l Assets (A)+ (B) | 1,20,420.98 | 1,05,576.47 | |
| B Equity & Liabilities | |||
| 1) Equity | |||
| (a) Equity share capital | 2,488.58 | 2,488.58 | |
| (b) Other Equity | 94,731 .90 | 89,788.96 | |
| Total Equity (A) | 97,220.48 | 92,277.54 | |
| 2) Liabilities | |||
| Non-Current Liabilities | |||
| (a) Financial Liabilities | 323.41 | 261 .93 | |
| (b) Provisions | 133.76 | 126.69 | |
| (c) Deferred tax liabilities (Net) | 1,701 .72 | 1,731 .82 | |
| Total Non-Current Liabilities (B) | 2,158.89 | 2,120.44 | |
| Current Liabilities | |||
| (a) Financial Liabilities | |||
| (i) Trade payables | |||
| a) total outstanding dues of micro and small enterprises | 211 .21 | 351 .39 | |
| b) total outstanding dues of creditors other than micro | 18,086.59 | 8,680.90 | |
| and small enterprises | |||
| (ii) Other Financial Liabilities | 886.05 | 666.97 | |
| (b) Other current liabilities | 756.70 | 1,306.18 | ~~p,\NG,o0 |
| (c) Provisions | 85.08 | 111.42 | ~ |
| (d) Current tax liabilities (Net) | 1,015.98 | 61 .63 | I~ |
| Total Current Liabilities (C) | 21 ,041 .61 | 11 , 178.49 | -i |
| UJv.-P:-1ye u'? | |||
| Total Equity and Liabilities (A)+ (B) +( C) | 1,20,420.98 | 1,05,576.4 7 |
Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel.: (07165) 226376/77/78/79 •E-mail : beplchw@ bhansaliabs.com
Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel. : (02974) 226781/82/83/84 •E-mail : [email protected]
[~J bHANSAli ENqiNEERiNq polyMERS liMiTEd
CIN : L27100MH1984PLC032637
Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail: [email protected] • Website: www.bhansaliabs.com
| Particulars | Half year ended30th Sentember 2024 | . in lakhs)Year ended31st March 2024 |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before tax as per statement of profit and loss | ||
| Add: Dividend from Joint Venture | 13,332.9190.24 | 24,240.25112.80 |
| Adjustments to reconcile profit before tax to net cash flows | 13,423.15 | 24,353.05 |
| Depreciation of property, plant and equipment | 470.49 | 969.72 |
| Amortisation of Intangible Assets | 0.33 | |
| Profit/( Loss) on Disposal/Write Off of Fixed Assets (Net) | (9.49) | (6.01) |
| Sha re in profits of Joint Venture | (53.39) | (76.64) |
| Interest income | (1,826.18) | (3,560.50) |
| Finance costs | ||
| Unrealised exchange (gain)/ losses | (101.38) | (24.63) |
| Operating profit before working capital changes | 11,903.53 | 21,654.99 |
| Movement in Working Capital: | ||
| Decrease/ (increase) in Inventories | (6,875.55) | 3,498.02 |
| Decrease/ (increase) in Trade and other receivables | (2,674.00) | 803.17 |
| Decrease / (increase) in other non current financial assets | 0.11 | |
| Decrease/ (increase) in other current financial assets | (681.56) | 33.35 |
| Decrease/ (increase) in Other current assets | (944.44) | 280.71 |
| Increase I (Decrease) in Ot her non current assets | 2.56 | 5.48 |
| Increase I (Decrease) in Trade payableIncrease I (Decrease) in Provision | 9,366.89 | 2,824.57 |
| Increase/ (Decrease) in ot her current financial liabilities | (82.83) | (39.24) |
| Increase/ (Decrease) in ot her non-current financial liabilities | 231.44 | 326.39 |
| Increase/ (Decrease) in Ot her current liabilities | (549.48) | (53.72) |
| Cash generated from/( used in) operations | 9,696.67 | 29,333.72 |
| Direct taxes paid, net of refunds | (2,424.98) | (6,233.40) |
| Net cash flow from/ ( used in) operating activities (A) | 7,271.69 | 23,100.32 |
| Cash flows from investing activities | ||
| Purchase of Property, plant and equipment including CWIP | (391.09) | (2,137.41) |
| Proceeds from sale of Property, plant and equipment | 11.50 | 21.28 |
| Fixed Deposits placed | ( 10,000.23) | 2,544.80 |
| Loa ns Given | (31,007.65) | (24,246.75) |
| Loans Received ba ck | 52,487.80 | 24,656.31 |
| Interest income | 1,826.18 | 3,560.50 |
| Net cash from/( used in) investing activit ies (B) | 12,926.Sl | 4,398.73 |
| Cash flows from financi ng activities | ||
| Finance costs | ||
| Dividend paid on equity shares | (4,977.17) | (32,351.60) |
| Net cash from/ ( used in) financing activities (C) | (4,977.17) | (32,351.60) |
| Net increase/ (decrease) in cash and cash equivalents (A+B+C) | 15,221.03 | (4,852.55) |
| Cash and Cash equivalents at t he beginning of year | 10,377.96 | 15,230.52 |
| Cash and Cash equivalents at the end of the year | 2S,S98.99 | 10,377.96 |
- T h e notified under Companies (Accounts) Rules, 2015. \ • _ ~
.P vi r' av re ou ra rn ss rv . ______________________________________ ~"'.... Milloiis'AI ~I
Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel. : (07165) 226376/77/78/79 • E-mail: [email protected] Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel. : (02974) 226781 /82/83/84 •E-mail : [email protected]