Bhansali Engineering Polymers Ltd. — Interim / Quarterly Report 2020

Oct 19, 2019

bHANSAli ENqiNEERiNq polyMERS liMiTEd

CIN: L27100MH1984PLC032637

Registered Office: 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 ·Fax: (91-22) 2621 6077 •E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

Ref: BEPL/SEC/2019/116 October 19, 2019

To,	To,
The Manager,	'fhe Manager
The BSE Limited,	National Stock Exchange of India Limited,
Corporate Relationship Department,	Exchange Plaza, Bandra-Kurla Complex,
Phiroze Jeejeebhoy Towers,	Bandra (East),
Dalal Street, Mumbai -400 001.	Mumbai-400 051
Security ID -500052	Security ID: BEPL

Sub: Outcome of Board Meeting - Saturday, October 19, 2019

Dear Sir/ Madam,

Pursuant to Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company at its meeting held today, considered and approved, inter alia, the Un-audited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2019 after the Limited Review by the Statutory Auditors.

According, we hereby enclose the following:

• 1. Limited Review Report (Standalone & Consolidated) issued by the Statutory Auditors of the Company;
• 1. Un-audited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2019;

The Board meeting commenced at 7:00 p.m. and concluded at 8:20 p.m.

Kindly take the above information on record.

Thanking you,

Yours faithfully, For Bhansali Engineering Polymers Limited

~ M. Patel

Ashwin Company Secretary & GM (Legal)

Encl: as above

INDEPENDENT AUDITOR'S REVIEW REPORT ON THEOUARTERLY AND HALF YEARLY UNAUDITED STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Review Report to The Board of Directors,. Bhansali Engineering Polymers Limited, Mumbai.

• 1. We have reviewed the accompanying statement of unaudited standalone financial resultof Bhansali Engineering Polymers Limited("the Company") for the quarterand half year ended 30thSeptember, 2019("the Statement"), being submitted by Company to the stock exchange viz. The BSE Limited ("BSE") and The National Stock Exchange of India Limited ("NSE")pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Regulation"), read with SEBI Circular No. CIR/CFD/CMD1/44/2019dated 29th March, 2019 ("the Circular").
• 1. The preparation of the statementin accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34, "Interim Financial Reporting", (Ind AS 34) 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, read with the Circular is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of Entity . "("the Standard"), 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 Statementis free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures 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.

AZAD JAIN & CO. CHARTERED ACCOUNTANTS

HO: E-1603, LAKE FLORENCE, LAKE HOMES, OFF ADI SANKARACHARYA MARG, POWAI, MUMBAI, (MAHARASHTRA)- 400076, MOB. 09414167046 401-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. :0294 - 2428460, 2425529

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 Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder 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.

JAIN

UDAIPUR

D ACC

For Azad Jain & Co Chartered Accountants Firm Registration No.: 006251C

CA Rishabh Verdia Partner Membership No.: 400600

Place: Abu Road Date: 19th October, 2019

UDIN No: 19400600AAAAAF2332

HO: E-1603, LAKE FLORENCE, LAKE HOMES, OFF ADI SANKARACHARYA MARG, POWAI, MUMBAI, (MAHARASHTRA)- 400076, MOB. 09414167046 401-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. : 0294 - 2428460, 2425529

bHANSAli ENqiNEERiNq polyMERS liMiTEd

GIN : L27100MH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai· 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •Fax: (91-22) 2621 6077 ·E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER ANO HALF YEAR ENDED 30TH SEPTEMBER 2019 UNDER IND AS
	{Rs In lakhs\ (Exceot Earnlna oer share}
		STANDALONE
	PARTICULARS		Quarter ended			Half Year ended	Year ended
		30-09-2019Unaudited	30-06-2019Unaudited	30-09-2018Unaudited	30-09-2019Unaudited	30-09-2018Unaudited	31-03-2019Audited
	INCOME
I	Gross Revenue including GST	32,536.07	36,765.25	41,286.26	69,301.32	65,086.60	1,44,391.19
II	Less:GST Recovered	4,582.56	5,433.01	6,287.77	10,015.57	9,919.29	21,913.20
IllIV	Revenue from operations (Net of GST) (1-11)Other Income fRofor Note 51	27 ,953,51f44.03	31,332.24528.13	34,998.4934.00	59,285.75484.10	55,167.3163.19	1 22 477 .99689.8')
v	Total Income fll!+JVI	27,909.48	31 860.37	35,032.49	59,769.85	55,230.50	1 23,167.79
VI	EXPENSES
	(a) Cost of materials Consumed	16,196.33	13,697.64	19,921.49	29,893.97	35,964.02	69,881.96
	(b) Purchase of stock-in-trade(c) Changes in inventories of finished goods,	7,979.63(1,327.66)	11,976-14(706.38)	6,217.411,739.29	19,955.77(2,034.04)	12,334.27(5,796.11)	32,609.92
	work-in-progress and stock-in-trade						(903.18)
	(d) Employee benefits expense	898.63	1013.36	878.09	1911.99	1712.71	3243.94
	(e) Finance Costs	2.88	2.61	13.73	5.49	42.81	121.30
	(f) Depreciation & amortisation expenses	220.89	219.58	178.52	440.47	349.27	734.00
	:tn\ Other expensesTOTAL EXPENSES la tool	2,212.0626,182.76	2441.5028,644.45	3488.1932 436.72	4653.5654,827.21	5446.3850 053.35	9743.061, 15,431.00
	Profit before exceptional and extraordinary Items and tax {V
VII	.v11	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7,736.79
VIII	Exceptional Items
IX	Profit before extraordinary Items and tax (VII- VIII)	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7 736.79
x	Extraordinarv items
	Profit before share of net proflt/(loss) of Investment	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7,736.79
XI	accounted for usinn enuitv method and tax CIX -XI
	Share of net profit/(loss) from Joint venture accounted for using
XIIxm	the equity methodProfit before tax IXl+Xm	1,726.72	3 215.92	2,595.77	4,942.64	5,177.15	7 736.79
XIV	Tax Expenses
(i)	Current tax	221.00	1,000.00	803.75	1,221.00	1,613.75	2,067.53
(ii)	Deferred tax	1519.71	23.29	103.20	1496.42'	197.44	1,016.50
xvXVI	Profit for the period {XIII- XIV IOther Comorehensive Income I flossl rnet of taxl	2,025.43	2,192.63f4.13	1,688.82f13.01	4,218.06	3,365,96f31.98	4,652.76
	1ota1 vomprenenswe income 1 poss, ror the penou 1,	9.02			4.89		24.38
XVll	+XVI)	2,034.45	2,188.50	1,675.81	4,222.95	3,333.98	4,677.14
XV111	Paid Up Equity Share Capital	1,659.06	1,659.06	1,659.06	1,659.06	1,659.06	1,659.06
XIX	Earnings per share (of ~.11- each) (not annualised)
(i)(ii)	BasicDlluted	1.221.22	1.321.32	1.021.02	2.542.54	2.032.03	2.802.80
	Notes:I		I	II		I	I
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 Board of India (SEB!) under SEB1 {Listing Obligations
	and Disclosure Requirements) Regulations 2015,as amended.The above resutts have been reviewed and recommended by the Audit Comm!llee and approved by the Board of Directors in their meeting held on 19th October, 2019. The
2	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 SEBl (LOOR) Regulations, 2015, the above Unaudited Standalone.Financial Results of the Company are posted on Company's website
	(www.bhansaliabs.com) on the website of BSE limited (www.bseindia.com) and the National Stock Exchange of India limited (www.nseindla.com) where the Company's shares
	are listed.
4	The Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics".
5	Other income (excluding Foreign Exchange Fluctuation Loss/Gain) for quarter ended 30th September, 2019 ls Rs.209.15 lakhs as against Rs.128.60 lakhs for the previous quarter
	ended 30th June, 2019. However due to Foreign Exchange Fluctuation Loss of Rs.253.13 !akhs in the current quarter as against the previous quarter's gain of Rs.399.53 lakhs, the
6	total other income (post considering the Foreign Exchange Fluctuation Loss) has been reported negative at Rs.44.03 lakhs for the current quarter.The Provision of Taxation for the Quarter and Half Year Ended is based on the new tax rates for Corporates notified by the Government of lndia vlde the Taxation laws
	(Amendment) Ordinance dated September 20,2019.				,
7	Figures for the previous Period! Year have been re-grouped/ reworked/ re-arranged wherever necessa~ tq m <lte com.pal)lt'.lle.<="" td="" them="">
					-~'"""
				B.M.Bn II	::::!lil"l'!I ~I
	: Abu RoadPlaceDated: 19th October, 2019			Managing DirectorDIN:00102930	~ ,i.,,.~1 :;;;--·	~c,
					11~'·.~

Satnoor Plant : Bhansali Nagar, Taluka · Sausar, Dist. Chhindwara, Madhya Pradesh· 480 108. Tel.: (07165) 226376-79 •Fax: (07165) 226380 I 81 •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 ·Fax: (02974) 226737 ·E-mail: beplabr@bhansaliabs.com

bHANSAli ENqiNEERiNq polyMERS liMiTEd

CIN: L27100MH1984PLC032637

Registered Office: 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •Fax: (91-22) 2621 6077 •E-mail: abstron@bhansaliabs.com •Website: www.bhansaliabs.com

As at 30thAs at 31st MarchParticularsSeptember 20192019A Assets1) Non-Current Assets(a) Property, Plant and Equipment15, 145.8214,343.99--(b) Capital work in progress{c) Intangible assets8.095.92(d) Financial assets(i) Investments150.00150.00--(ii) Loans(iii) Other financial assets403.25228.83(e) Deferred tax assets (net)161.78201.33(f) Other non-current assets30.36110.04Total Non-Current Assets (A)15,899.3015,040.112) Current Assets(a) Inventories21,030.4610,012.57(b) Financial assets-(i) Investments3,517.05(ii) Trade Receivables16,675.7622,379.96(iii) Cash and cash equivalents626.002,053.11345.19(iv) Bank balances other than (ii) above220.79(v) Loans4,751.172,146.04(vi) Other Financial assets843.34704.00393.26(c) Other current assets676.91Total Current Assets (B)48,341.4838,034.13Total Assets (A)+ (B)64,240,7853,074,24B Equity & Liabilities1) Equity(a) Equity share capital1,659.06(b) other Equity31,454.1128,231.20Total Equity (A)33,113.1729,890.262} LiabilitiesNonCurrent Liabilities(a) Financial Liabilities0.30(i) Other Non Current Financial Liability0.30449.57417.89(b) Long term provisions(c) Deferred tax liabilities (Net)1,758.092,292.42Total NonCurrent Liabilities (8)2,207.962, 710.61Current Liabilities(a) Financial Liabilities26,613.72(i) Trade payables308.11(ii) Other Current Financial liabilities548.39354.87632.91(b) Other current liabilities(c)Short term provisions1,083.72(d) Current tax liabilities (Net)318.96-Total Current Liabilities (C)28,919.6620,473.37Total Equity and Liabilities (A)+ (B) +( C)64,240.78	FOR THE PERIOD ENDED 30TH SEPTEMBER, 2019	(Rs in lakhs)
1,659.0619,445.9586.4053,074.24

bHANsAli ENGiNEERiNG polyMERS liMiTEd

CIN: L27100MH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Bartiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 ·Fax: (91-22) 2621 6077 •E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

	BHANSAU ENGINEERING POLYMERS LIMITED

Standalone Statement of Cash Flow for the period ended 30th September, 2019 cash flows from operating activities Profit before tax as per statement of profit and loss Adjustments to reconcile profit before tax to net cash flows Depreciation of property, plant and equipment Amortisation of Intangible Assets Profit on Disposal/Write Off of Fixed Assets (Net} Net (gain)/loss on sale of investments Interest income Finance costs Unrealised exchange (gain)/ losses Operating profit before working capital changes Movement in Working Capital: Decrease I {increase) in Inventories Decrease/ (increase) in Trade and other receivables Decrease/ (increase) in bank balance other than cash and cash equivalents Decrease I {increase) in other non-current finacial assets Decrease I (increase) in other current finacial assets Decrease/ (increase) in Other 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 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 CWlP Proceeds from sale of Property, plant and equipment Proceeds of current investments Proceeds from sale of Investments {net) Interest income Net cash from/{used in) investing activities {B} Cash flows from financing activities Finance costs Proceeds/(advances) of loans Dividend on equity shares {including dividend distribution tax) Net cash from/(used In) financing activities {C} Net increase/ (decrease) ln cash and cash equivalents (A+B+C} Cash and Cash equivalents at the beginning of period Cash and Cash equivalents at the end of the period Notes: 4,942.64 434.75 5.71 (0.03) (93.60) (206.26) 5.49 5,088.70 (11,017.89) 5,704.20 124.40 (174.42) (139.34) (283.65) 7,167.77 1,035.53 240.28 (278.04 7,467.54 902.04) 6,565.50 (1,166.76) 2.00 (3,517.05) 93.60 206.26 4,381.95 (5.49) (2,605.13) (1,000.04) (3,610.65) (1,427.10) 2,053.11 626.00 7,736.79 719.45 14.55 (9.34) (21.88) (301.11) 121.30 (419.15 7,840.61 (2,010.55) (3,838.21) 11.89 (31.17) (658.49) 91.55 7,290.37 52.26 12.90 160.13) 8,601.02 (3,254.49) 5,346.53 (3,655.22) 19.24 21.88 301.11 3,312.99 (121.30) (2,142.92) (600.02) (2,864.24) (830.71) 2,883.81 2,053.11

1. 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.

2. Cash flow from operating activities includes ~.57.61 lakhs (31st March,2019 ~.116.43 lakhs) being the expenditure towards Corporate Social Responsibility.

3.Previous year's figures have been regrouped and rearranged wherever necessary.

Satnoor Plant	: Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108.
	Tel. : (07165) 226376-79 ·Fax: (07165) 226380 / 81 ·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 ·Fax: (02974) 226737 ·E-mail: beplabr@bhansaliabs.com

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY AND HALF YEARLY UNAUDITED CONSOLIDATEDFINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Review Report to The Board of Directors. Bhansali Engineering Polymers Limited, Mumbai.

• 1. 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 half year ended 30th September, 2019 (' the Statement'), attached here with, being submitted by the Company pursuant to the requirement of regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended (' the Regulation') read with SEBI Circular No.CIR/CFD/CMD1/44/2019 dated 29th March, 2019 ("the Circular").
• 1. This statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors in their meeting held on 19th October, 2019 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 Companies 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 our review.

1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,

"Review of Interim Financial Information Performed by the Independent 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 persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not JAIN express an audit opinion.

UDAIPUR

HO: E-1603, LAKE FLORENCE, LAKE HOMES, OFF ADI SANKARACHARYA MARG, POWAI, MUMBAI, (MAHARASHTRA)- 400076, MOB. 09414167046 401-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 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 Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable.

AZAD JAIN & CO. CHARTERED ACCOUNTANTS

• 1. The Statement includes the results of the following entities: Bhansali Nippon A& L Private Limited (Joint venture Entity).
• 1. The Statement includes the interim financial results and other financial information of 1 joint venture whose interim financial results/information reflects Group's share of total assets ofRs.155.20 lacsand total net profit after tax of Rs. 23.35 lakhsfor the half year ended 30th September, 2019(Previous Quarter Rs.12.03 lakhs). 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

Firm Registration Number: 006251C/0 JAIN UDAIPUR CA Rishabh Verdia ED ACC

Partner Membership Number: 400600

Place: Abu Road

Date: 19th October, 2019

UDIN No: 19400600AAAAAG9880

HO: E-1603, LAKE FLORENCE, LAKE HOMES, OFF ADI SANKARACHARYA MARG, POWAI, MUMBAI, (MAHARASHTRA)- 400076, MOB. 09414167046 401-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. : 0294 - 2428460, 2425529

b~ANSAli ENqiNEERiNq polyMERS liMiTEd

CIN: L27100MH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61162/63/64 • Fax : (91-22) 2621 6077 • E-mail : abstron@bhansaliabs.com ·Website : www.bhansaliabs.com

	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2019 UNDER IND AS
	11Rs.ln lakhs1 tExcept Earnln~ per shareJ
	PARTICULARS	CONSOLIDATEDHalf Year ended
		30-09-2019	Quarter ended30-06-2019	30-09-2018	30-09-2019	30-09-2018	Year ended31-03-2019
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	INCOME
I	Gross Revenue lncluding GST	32,536.07	36,765.25	41,286.26	69,301.32	65,086.60	1,44,391.19
IIIll	Less:GST RecoveredRevenue from operations (Net of GST) (1·11)	4,582.5627,953.51	5.433.0131 332.24	6,287.7734,998.49	10,015.5759,285.75	9,919.2955.167.31	21,913.201,22.477.99
IV	Other Income !Refer Note 5)	144.03	528.13	34.00	484.10	63.19	689.80
v	Total Income flll+lVJ	27,909.48	31,860.37	35 032.49	59.769.85	55,230.50	123,167.79
VI	EXPENSES
	(a) Cost of materials Consumed{b) Purchase of stock-in-trade	16,196.337.979.63	13,697.6411,976.14	19.921.496,217.41	29,893.9719,955.77	35,964.0212,334.27	69,881.9632,609.92
	(c) Changes in inventories of finished goods,	(1,327.66)	(706.38)	1,739.29	(2,034.04)	{5,796.11)	(903.18)
	work-in-progress and stock-in-trade
	(d) Employee benefits expense	898.63	1,013.36	878.09	1,911.99	1,712.71	3243.94
	{e) Finance Costs(D Depreciation & amortisation expenses	2.88	2.61	13.73	5.49	42.81	121.30
	In\ Other exoenses	220.892,212.06	219.582.441.50	178.523,488.19	440.474,653.56	349.275,446.38	734.009743.06
	TOTAL EXPENSES {a tog}	26 182.76	28,644.45	32,436.72	54 827 .21	50.053.35	1, 15,431.00
VII	Profit before exceptional and extraordinary Items and tax (V	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7,736.79
	-VII
VIII	Exceotional Items					-
IX	Profit before extraordinary Items and tax (VII· VIII)	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7,736.79
x	Extraordinarv items					-
	Profit before share of not proflt/(loss) of Investment	1,726.72	3,215.92	2,595.77	4,942.64	5,177.15	7,736.79
XI	accounted for us!na eauitv method and tax CIX -XlShare of net profil/(loss) from Joint venture accounted for using
XII	the eauitv method	11.32	12.03	36.00	23.35	42.90	68.43
xm	Profit before tax fXl+X11l	1,738.04	3,227.95	2 633.77	4,965.99	5 220.05	7,805.22
XIV	Tax Expenses
(i)	Current tax	221.00	1000.00	803.75	1221.00	1613.75	2067.53
(ii)xv	Deferred taxProfit for the oerlod ! XIII- XIV l	1519.712,036.75	23.292,204.66	103.201,726.82	1496.424,241.41	197.443,408.86	1,016.504,721.19
XVI	Other Comprehensive Ir.come I (loss) (net of tax)	9.02	14.13	f13.01	4.89	f31.98	24.38
XVll	11 ota1 i;omprenensrve mcome r (fOSS/ ror tne penoa ,,~	2,045.77	2,200.53	1,713.81	4,246.30	3,376.88	4,745,57
	+XVI)
xvrn	Paid Up Equity Share Capital	1,659.06	1,659.06	1,659.06	1.659.06	1,659.06	1,659.06
XIX(i)	Earnings per share (of· .1 f. each) (not annualised)Basic	1.23	1.33	1.04	2.56	2.05	2.85
(ii)	Diluted	1.23	1.33	1.04	2.56	2.05	2.85
	Notes:The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement Principles provided in Indian Accounting Standards {lndAS
1	34), the provlsions of the Companies Act, 2013 (the Act),as applicable and guidelines issued by the Securities and Exchange Board of India {SEBl} under SEBI (listing Obligations
	and Disclosure Requirements) 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 19th October, 2019. The
	Statutory Auditors of the Company have carrled out a Limited Review of the aforesaid resutts in terms of Regulatlon 33 of SEBI (listlng Obligations and Disclosure Requirements)
	Regulations, 2015.
3	ln 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) on the website of BSE Limited (www.bseindia.com) and the National Stock Exchange of India Limited {www.nselndia.com) where the Company's shares
	are listed.
4	The Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics".
5	Other income {excluding Foreign Exchange Fluctuation LossfGain) for quarter ended 30th September, 2019 is Rs.209.15 lakhs as against Rs.128.60 lakhs for the previous quarter
	ended 30\h June, 2019. However due to Foreign Exchange Fluctuation Loss of Rs.253.13 lakhs in the current quarter as against the previous quarter's gain of Rs.399.53 lakhs, the
	total other income (post considering the Foreign Exchange Fluctuation Loss) has been reported negative at Rs.44.03 lakhs for the current quarter.
6	The Provision of Taxation for the Quarter and Half Year Ended is based on the new tax rates for Corporates notified by the Government of India vide the Taxation Laws
	(Amendment) Ordinance dated September 20,2019.				/
7	Figures for the previous Period/ Year have been re-grouped/ reworkedf re-arranged wherever necessa~, tom J <e comea'.j1'1e.<="" td="" them="">
				~~~:/(rt§mltod	,.1Ef#14'.,
	Place : Abu Road			Mana B.M. ~,'"" ng Director	,~~	'4! ~
	Dated: 19th October, 2019			OIN:00102930	,: , ,	~

bHANsAli ENGiNEERiNG polyMERs liMi1Ed

CIN : L271OOMH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •Fax: (91-22) 2621 6077 ·E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

	FOR THE PERIOD ENDED 30TH SEPTEMBER, 2019	(Rs in lakhs)
Particulars	As at 30thSeptember 2019	As at 31st March2019
A Assets
1) Non-Current Assets
(a) Property, Plant and Equipment	15,145.82	14,343.99
(b) Capital work in progress	-	-
(c) Intangible assets	8.09	5.92
(d) Financial assets
(i) Investments	155.20	131.86
(ii) Loans	-	-
(iii) Other financial assets	403.25	228.83
(e) Deferred tax assets (net)	161.78	201.33
(f) Other non-current assets	30.36	110.04
Total Non-Current Assets {A)	15,904.50	15,021.97
2) Current Assets
(a) Inventories	21,030.46	10,012.57
(b) Financial assets
(i) Investments	3,517.05	-
(ii) Trade Receivables	16,675.76	22,379.96
{iii) Cash and cash equivalents	626.00	2,053.11
(iv) Bank balances other than (ii) above	220.79	345.19
(v) Loans	4,751.17	2,146.04
(vi) Other Financial assets	843.34	704.00
(c) Other current assets	676.91	393.26
Total Current Assets (B)	48,341.48	38,034. 13
Total Assets (A)+ (B)	64,245.98	53,056.10
B Equity & Liabilities
1) Equity
(a) Equity share capital	1,659.06	1,659.06
(b) Other Equity	31,459.31	28,213.05
Total Equity (A)	33,118.36	29,872.11
2) Liabilities
Non-Current Liabilities
(a) Financial Liabilities
(i) Other Non Current Financial Liability	0.30	0.30
(b) Long term provisions	449.57	417.89
	1,758.09	2,292.42
(c) Deferred tax liabilities (Net)
Total Non-Current Liabilities (B)	2,207.96	2,710.61
Current Liabilities
		19,445.95
(a) Financial Liabillties(i) Trade payables	26,613.72
(ii) Other Current Financial liabilities	548.39	308.11
(b) Other current liabilities	354.87	632.91
(c)Short term provisions(d) Current tax liabilities (Net)	1,083.72318.96	86.40-
Total Current Liabilities (C)	28,919.66	20,473.37

Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel.: (07165) 226376-79 ·Fax: (07165) 226380 I 81 ·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 ·Fax: (02974) 226737 ·E-mail: beplabr@bhansaliabs.com

b~ANsAli ENGiNEERiNG polyMERs liMiTEd

CIN : L271OOMH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 ·Fax: (91-22) 2621 6077 ·E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

BHANSAU ENGINEERING POLYMERS LIMITED Consolidated Statement of Cash Flow for the period ended 30th September, 2019

Cash flows from operating activities
Profit before tax as per statement of profit and loss	4,942.64	7,736.79
Adjustments to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	434.75
Amortisation of Intangible Assets	5.71	719.4514.55
Profit on Disposal/Write Off of Fixed Assets {Net)	(0.03)	(9.34)
Net (gain)/loss on sale of investments	(93.60)	(21.88)
Interest income	(206.26)	(301.11)
Finance costs	5.49	121.30
Unrealised exchange (gain) I losses		419.15)
Operating profit before working capital changes	5,088.70	7,840.61
Movement in Working Capital:
Decrease I (increase) in Inventories	(11,017.89)	(2,010.55)
Decrease/ (increase) in Trade and other receivables	5,704.20	(3,838.21)
Decrease I {increase) in bank balance other than cash and cash equiva!ents
Decrease I (increase) in other non-current financial assets	124.40(174.42)	11.89(31.17)
Decrease I (increase) ln other current financial assets	(139.34)	(658.49)
Decrease I (increase) in Other current assets	(283.65)	91.55
Increase I (Decrease) in Trade payable	7,167.77	7,290.37
Increase I (Decrease) in Provision	1,035.53	52.26
Increase I (Decrease) in other current financial liabilities	240.28	12.90
Increase I {Decrease) in Other current liabilities	278.04	160.13)
Cash generated from/{used in) operations	7,467.54	8,601.03
Direct taxes paid, net of refunds	902.04	3,254.49
Net cash flow from/(used In) operating activities (A)	6,565.50	5,346.54
Cash flows from investing activities
Purchase of Property, plant and equipment including CWIP	(1,166.75)	(3,655.21)
Proceeds from sale of Property, plant and equipment	2.00	19.23
Proceeds of current investments	(3,517.05)
Proceeds from sale of Investment (net)	93.60	21.88
Interest income
Net cash from/{ used Jn) investing activities (B}	206.264,381.94	301.113,312.99
Cash flows from financing activities
Finance costs	(S.49)	(121.30)
Proceeds/(advances) of Loans	(2,605.13)	(2,142.92)
Dividend on equity shares (including dividend distribution tax)	1,000.04	(600.03)
Net cash from/(used in) financing activities {C)	3,610.66	2,864.25
Net Increase/ (decrease) in cash and cash equivalents (A+B+C)	(1,427.11)	{830.71)
Cash and Cash equivalents at the beginning of period	2,053.11	2,883.82
Cash and Cash equivalents at the end of the period	626.00
Notes:		2,05~.11

1. The above Cash flow Statement has been prepared under the 'Indirect method' as set out in the !nd AS-7 on Statement of Cash Flow as notified under Companies (Accounts) Rules, 2015.

2. Cash flow from operating activities includes ~.57.61 !akhs {31st March,2019 ~.116.43 lakhs) being the expenditure towards Corporate Social Responsibility.

3.Previous year's figures have been regrouped and rearranged wherever necessary.