Bhansali Engineering Polymers Ltd. — Interim / Quarterly Report 2021

Oct 11, 2020

bHANSAli ENqi N EERi NG polyM ERS li M iTEd

CIN: L27100MH1984PLC032637

Registered Office : 401 , 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 /62163/64 •Fax : (91-22) 2621 6077 •E-mail : abstron@bhansaliabs.com •Website : www.bhansaliabs.com

BEPL/SEC/2020/248

11th October, 2020

To,	To,
The BSE Limited	National Stock Exchange of India Limited
Corporate Relationship Department,	andra-Exchange Plaza, C -Kurla1, S
Phiroze Jeejeebhoy Towers,	Complex, Bandra (East),
Dalal Street, Mumbai -400 001	400 051Mumbai -
Security Code: 500052	Security Code: BEPL

Sub: Outcome of Board Meeting - Sunday, 11th October, 2020.

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III and other applicable regulations of SEBI (Listing Obligation s and Disclosure Requir ements) Regulations, 2015, as amended, please be informed that the Board of Directors of the Company at its meeting held today, inter alia, considered and approved Un -Audited Financial Results (Standalon e and Consolidated) for the quarter and h alf year ended 30th September, 2020, after the Limited Review by the Statutory Auditors.

The meeting of the Board of Directors commenced at 11 :30 AM and concluded at

We hereby enclose the following:

• a. Limited Review Report on Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2020, issued by the Statutory Auditors of the Company; and
• b. Copy of Un -Audited Financial Results (Standalone and Consolidated) for the quarter and h alf year ended 30th September, 2020 .

Request you to take the same on record.

Thanking you ,

Yours faithfully, For Bhansali Engineering Polymers Limited

AsHwin ~ M. Patel

Company Secretary & GM (Legal)

Encl: as above

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY AND HALF YEARLY UNAUDITED STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO 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 Standalone Financial Results of Bhansali Engineering Polymers Limited("the Company") for the quarter and half yearended 30th September, 2020("the Statement"), being submitted by the Company to the Stock Exchanges 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.

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 4) 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 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.

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Place: Mumbai Date:l l 1h October, 2020

bHANsAli ENGiNEERiNG 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

	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020 UNDER IND AS
		(~I n lakhs) (Except Earning per share)STANDALONE
	PARTICULARS		Quarter ended		Half Year ended
							Year ended
		30-09-2020	30-06-2020	30-09-2019	30-09-2020	30-09-2019	31-03-2020
	INCOME	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I	Gross Revenue including GST	36.318.76	11 ,729.66	32.536.07	48,048.42	69,301.32	1,29,530.37
II	Less:GST Recovered	5,533.55	1.789.92	4,582.56	7,323.47	10,015.57	19,097.35
Ill	Revenue from operations (Net of GST) (1-11)	30,785.21	9,939.74	27,953.51	40 724.95	59 285.75	1, 10,433.02
IV	Other Income	169.26	473.45	(44.03	642.71	484.10	590.06
v	Total Income Clll+IVl	30 954.47	10,413.19	27 909.48	41,367.66	59,769.85	1,11,023.08
VI	EXPENSES
	(a) Cost of materials Consumed	12,109.62	8,116.57	16,196.33	20,226.19	29,893.97	59,264.98
	(b) Purchase of stock-in-trade	7,631.23	5,033.98	7,979.63	12,665.21	19,955.77	31,881.99
	(c) Changes in inventories of finished goods,	2,859.22	(4,741 .99)	(1 ,327.66)	(1,882.77)	(2,034.04)	(1,813.17)
	work-in-progress and stock-in-trade
	(d) Employee benefits expense(e) Finance Costs	1,060.515.46	488.821.28	898.632.88	1549.336.74	1911.995.49	2870.0611.23
	(f) Depreciation & amortisation expenses	256.53	255.42	220.89	511.95	440.47	951.77
	llal Other exoenses	2,492.51	1374.89	2212.06	3867.40	4653.56	9595.08
	TOTAL EXPENSES (a tog)	26,415.08	10,528.97	26,182.76	36 944.05	54,827.21	1,02,761.94
VII	Profit /(Loss) before exceptional and extraordinary Items
	and tax rv. Vil	4,539.39	(115.78)	1,726.72	4,423.61	4,942.64	8,261 .14
VIII	Exceptional Items
IX	Profit /(Loss) before extraordinary Items and tax (VII· VIII)	4,539.39	(115.781	1,726.72	4,423.61	4,942.64	8,261.14
x	Ex1raordinarv items
XI	Profit I (Loss) before share of net profit/(loss) of Investmentaccounted for using equity method and tax (IX -X)	4,539.39	(115.78)	1,726.72	4,423.61	4,942.64	8,261.14
	Share of net profit/(loss) from Joint venture accounted for using
XIIXIII	the eauitv methodProfit I Clossl before tax CXl+Xlll	4,539.39	(115.78	1 726.72	4,423.61	4,942.64	8,261.14
XIV	Tax Expenses
(i)	Current tax	1,000.00		221.00	1,000.00	1,221.00	2,050.63
(Ii)	Deferred tax	2.57	8.89	(519.71]	11.46	(496.421	1471 .95'
xv	Profit/ llossl for the oerlod I XIII- XIV l	3 536.82	(124.67:	2,025.43	3,412.15	4 218.06	6,682.46
XVI	Other Comorehensive Income I llossl lnet of taxl11 otat comprenens1ve Income t (LOSS) ror tne pertoa \AV	29.24	(26.46]	9.02	2.78	4.89	47.67
XVII	+XVI)	3,566.06	(151 .13)	2,034.45	3,414.93	4,222.95	6,730.13
XVIII	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 1/- each) (not annualised)
(i)	Basic	2.13	(0.08)	1.22	2.06	2.54	4.03
(ii)	Oiluted	2.13	(0.08)	1.22	2.06	2.54	4.03
	Notes:I	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 ol 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 11th October ,2020.The
	Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results in terms of Regulation 33 of SEBI (LODR) 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 Company operates in a single segment namely 'Highly Specialized Engineering Thermoplastics".
5	Figures for the previous Period/ Year have been re-grouped/ reworked/ re-arranged wherevec necessary, t9"111ake them comparable.
			~~'?: sa	,,,, ""'"'9.OINc,,,	~ 30
	Place : Mumbai
	Dated : 11th October, 2020		,~102930 '"""DIN:00	~	"""'

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

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b~ANsAli ENGiNEERiNG 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

	STATEMENT OF UN AUDITED STANDALONE ASSETS AND LIABILITIESFOR THE PERIOD ENDED 30TH SEPTEMBER, 2020
		(~In lakhs)
Sr.No.	Particulars	As at 30thSeptember 2020	As at 31st March2020
	A Assets
	1) Non-C11rrent Assets
	(a) Property. Plant and Equipment	14,561.96	14,952.77
	(b) Capital work in progress	-	151.58
	(c) Intangible assets	7.39	8.76
	(d) Financial assets
	(i) Investments	150.00	150.00
	(ii) Loans	2,000.00	2,143.70
	(iii) Other financial assets	417.43	415.53
	(e) other non-current assets	64.84	68.21
	Total Non-Current Assets (A)	17,201.62	17,890.55
	2) Current Assets(a) Inventories	9,387.11	20,835.44
	(b) Financial assets	16,980.39	15,373.78
	(i) Trade Receivables	4,227.10	5,567.63
	(ii) Cash and cash equivalents		759.82
	(iii) Bank balances other than (ii) above	807.38
	(iv) Loans	3,344.77	3,189.85
	(v) Other Financial assets	367.87	219.21
	(c) Other current assets	392.70	1,469.93
	Total Current Assets (B)	35,507.31	47,415.66
	Total Assets (A)+ (B)	52,708.93	65,306.21
	B Equity & Llabllltles
	1) Equity
	(a) Equity share capital	1,659.06	1,659.06
	(b) Other Equity	36,546.69	33,961 .29
	Total Equity (A)	38,205.75	35,620.35
	2) Llabllltles
	Non-Current Llabllltles
	(a) Financial Liabilities
	(i) Other Non Current Financial Liability	43.92	43.92
	(b) Long term provisions	409.63	377.55
	(c) Deferred tax liabilities (Net)	1,647.57	1,635.17
	Total Non-Current Llabllltles (B)	2,101.12	2,056.64
	Current Liabilities
	(a) Financial Liabilities
	(i) Trade payables	11,194.63	27,230.74
	(ii) Other Current Financial liabilities	499.17	124.10
	(b) Other current liabilities	671 .02	213.24
	(c)Short term provisions	37.24	61.14
	(d) Current tax liabilities (Net)	-	-
	Total Current Llabllltles (C)	12,402.06	27,629.22

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

bl-tANsAli ENGiNEERiNG 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

Particulars	~In lakhs). Period ended30th September 2020	(~In lakhs)Year ended31st March, 2020
qCash flows from operating actlll'ltles
Profit before tax as per statement of profit and loss	4,423.61	8,261.14
Adjustments to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	510.57	946.74
Amortisation of Intangible Assets	1.37	5.04
Proflt/(Loss} on Disposal/Write Off of Fixed Assets (Net}	7.30	(0.21)
Net (galn)/loss on sale of Investments		(111.84)
Interest Income	(274.19)	(437.14)
Finance costsUnrealised exchange (gain)/ losses	6.74224.70	11.23224.70
Operating profit before working capital changes	4,900.09	8,899.66
Movement In Working Capita!:
Decrease I (Increase) In Inventories	11,448.33	(10,822.87)
Decrease I (Increase} In Trade and other receivables	(1,606.61)	7,006.18
Decrease I (Increase} In bank balance other than cash and cash equivalents	(47.56)	(414.63)
Decrease I (Increase} In other non-current flnaclal assets	(1.90}	(186.70}
Decrease I (Increase} In other current flnaclal assets	(93.17)	551.54
Decrease I Oncrease} In Other current assets	1,077.23	(l,076.67)
Decrease I (Increase) In Other non current assets		(25.03)
Increase/ (Decrease) In Trade payable	(16,260.81)	7,560.09
Increase I (Decrease} In Provision	11.90	(1.90}
Increase / (Decrease} In other current financial llabllltles	375.07	(184.01}
Increase/ (Decrease} In other non current flnanclal liabllltles		43.62
Increase/ (Decrease} In Other current liabilities	457.78	(419.671
Cash generated from/(used In} operations	260.37	10,929.62
Direct taxes paid, net of refunds	(1,055.49)	(2,117.38)
Net cash flow from/( used In} operating activities (A)	179S.12)	8,812.23
Cash flows from Investing activities
Purchase of Property, plant and equipment Including CWIP	20.SS	(1,650.36}
Proceeds from sale of Property, plant and equipment	7.34	2.45
Net (galn)/loss on sale of Investments		111.84
Loans Given	(751.02}	(4,210.76)
Loans Repaid	739.80	1,023.25
Interest Income	274.19	437.14
Net cash from/(used In) Investing activities (B}	0 _29.o •. 8.6=====- ===(4='=28=6•.4m4q}
Cash flows from financing activities
Finance costs	{6.74}	(11.23)
Dividend on equity shares (Including dividend distribution tax}	(829.531	(1,000.04)
Net cash from/( used In) financing activities {C)	(836.27)	(l,011.27
Net Increase/ (decrease) In cash and cash equivalents {A+B+C)	(1,340.53)	3,514.52
Cash and Cash equivalents at the beginning of period	5,567.63	2,053.11
Cash and Cash equivalents at the end of the period	4,227.10	5,567.63

3.Prevlous year's flgu res have been regrouped and rearranged wherever necessary.

Satnoor Plant Abu Road Plant

: Bhansali Na gar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel. : (07165) 226376-79 •Fax : (07165) 226380 I 81 • E-mail : beplchw@bhansaliabs.com : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026 Tel. ; (02974) 226781/82/83/84 •Fax : (02974) 226737 •£-mail : beplabr@bhansaliabs.com -,

AZAD JAIN & CO. CHARTERED ACCOUNTANTS

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INDEPENDENT Al!DITOR'S REVIEW IU!PORT. O~l THE QUARTERLY Al\1D HALF YEARLY UNAUDITED CONSOL10ATl3D PJNANCTAL RESUtTS OF THE COMPANY PURSUANT TO THE REGULATION 3 OP THE SEBI (LISTING OBLIGATIONS AND ' ·· DISCLOSURE REQUIREMENTS) REGULATHNS, 201.5. ·.

Review R,cport to • • I The Board of Directors, Bhansali Enginee~g 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 end~d 301h September ,2020 (' the Statement'), attached here with, being submitted by the Company pursuant to the requirement of Regulatio'n 33 of the SEBI (Listing Obligations and Disclosure · . Requirements) Regulations, 2015, as amended ('the Regulation') read with SEBI Circular' No.CIR/CFD/CMDl/44/2019 dated 291 h March, 2019 ("the Circular").
• 1. This statement, which is the responsibility of the Parent's Management and approved by· th~ ' , . Parent's Board of Directors in their meeting held onl1111 October, 2020 has been prepared in . '. · ·<.: ' accordance with recognition and .measurement principles laid down in lndi1 an Accounting .• ·.',,; , : ·. Standards 34, " Interim Financial Reporting", (Ind AS 34) prescribed under Sectio~ 133 of the: " : ·, ', .. ":.'.[ : Companies Act, 2013, as amended, rend with relevant Rules issued thereunder and. other ' ; •: . . · accounting principles generally accepted in India, read with the Circular. Our responsibii~ ty · ..... is to express a conclusion on the Statement based on ou'r review. · · · r·
• 1. We. conducted our review in accordance with the Standard on Review Engagement (SR~) . 241 O,"Review of 111/eri111 Fi11nncinl Informntiv11 Performed by the Independent' Audi tar· of Entity ,· "("the Stnndnrri"), issued by the Institute of Chartered Accountants of India. A revielv o( interim financial information consists of making inquiries, primarily of P.ersons respn ible: · .. ' ... '· · for financi<1l and accounting matters, nnd applying analytical and other'· reviw pr0ce<l.itres. A review is substantially less in scope than an audit conducted in acordance with Standard ·, 1 , on Auditing and consequently docs not enable ·us to obtain nssurance·ti1at we v;roul~ bec:ori;'le aware of all significant matters that might be identified in · (O.J ccor~ingly, we dod:4n .t': ... express an audit opinion. · ~ ~ ~~· · .. ,. 8 . .. . . ·.-- .. ~-

' . HO: E-1603, LAKE FLORENCE, LAKE HOMES, .OFF ADI SANKARACHA!WA MARG, POWAJ, · • cM HTRA)- 400076, M?B. 094.14167046 fI ' •I 401·402, (4TH FLOOR), SHREEJI CHAMBERS,· 32 -A, PANCHWATI, UDAIPU_R-, 31.3 001 TE~. :02~~ -'24,284,pO, 24255~9

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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.

1. The Statement includes the results of the following entities: Bhansali Nippon A& L Private Limited (Joint Venture Entity).

2. 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.150.691akhsand total net loss after tax of Rs. 0.16 lakhsfor the half yearended 30th September, 2020(Previous quarterLoss of Rs.13.93lakhs). 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 100 RishabhVerdia

Partner

Membership Number: 400600

Place: Mumbai

Date:11thOctober, 2020

UDINNO: 20400600 AAAAAT 8590

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

	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020 UNDER IND AS
		(t .in lakhs) (Except Earning per share)
		CONSOLIDATED
	P ART I CU L ARS		Quarter ended		Half Year ended		Year ended
		30-09-2020	30-06-2020	30-09-2019	30-09-2020	30-09-2019	31-03-2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I	INCOMEGross Revenue including GST	36.318.76	11.729.66	32,536.07	48.048.42	69,301 .32
II	Less:GST Recovered	5,533.55	1.789.92	4,582.56	7,323.47	10,015.57	1.29.530.3719,097.35
Ill	Revenue from o porations (Net of G ST) (1-11)	30,785.21	9,939.74	27,953.51	40,724.95	59,285.75	1, 10,433.02
IV	Other Income	169.26	473.45	(44.03	642.71	484.10	590.06
v	Total Income (lll+IV)	30,954.47	10,413.19	27,909.48	41 ,367.66	59,769.85	1 11 ,023.08
VI	EXPENSES
	(a) Cost of materials Consumed	12,109.62	8 ,116.57	16,196.33	20,226.19	29,893.97	59,264.98
	(b) Purchase of stock-in-trade	7,631.23	5,033.98	7,979.63	12,665.21	19,955.77	31,881.99
	(c} Changes in inventories of finished goods,	2,859.22	(4,741.99)	(1,327.66)	(1,882.77)	(2,034.04)	(1,813.17)
	work-in-progress and stock-in-trade
	(d) Employee benefits expense(e} Finance Costs	1,060.515.46	488.821.28	898.632.88	1,549.336.74	1,911 .995.49	2870.0611.23
	(f} Depreciation & amortisation expenses	256.53	255.42	220.89	511.95	440.47	951.77
	(g) Other expenses	2.492.51	1,374.89	2.21 2.06	3,867.40	4,653.56	9595.08
	TDTAL EXPENSES (atog)	26,415.08	10,528.97	26,182.76	36,944.05	54,827.21	1,02,761.94
	Profit I (Loss) before exceptional a nd extraordinary items
VII	and tax IV - VII	4,539.39	(1 15.78)	1,726.72	4,423.61	4,942.64	8,261 .14
Viii	Exceotional Items	-				-	-
IX	Profit I (Loss) before extraordinary items and tax (VII- VIII)	4,539.39	(115.78)
x				1,726.72	4,423.61	4,942.64	8,261.14
	Extraordinarv items				-
	Profit I (Lo ss)before share of net profit/( loss} of investment	4,539.39	(115.78)	1,726.72	4,423.61	4,942.64	8,261 .14
XI	accounted for using equity method and tax (IX -X)
	Share of net profit/(loss} from Joint venture accounted for using
XII	the eauitv method	13.77	(13.93	11.32	C0.16)	23.35	18.99
XIII	Profit I Clossl before tax CXl+Xlll	4,553.16	(129.71	1,738.04	4,423.45	4,965.99	8,280.13
XIV	Tax Expenses
(i}	Current tax	1,000.00		221 .00	1,000.00	1221.00	2050.63
(ii)	Deferred tax	2.57	8.89	(519.71 )	11.46	(496.42)	(471.95)
xvXVI	Profit I (Loss) for the period ( XIII- XIV )Other Comprehensive Income I (loss} (net of tax)	3,550.59	(138.60)	2,036.75	3,411.99	4,241.41	6,701 .45
	Total c omprehensive Income I (Loss) for the period \AV	29.24	(26.461	9.02	2.78	4.89	47.67
XVII	+XVI)	3,579.83	(165.06)	2,045.77	3,414.77	4,246.30	6,749.12
XVIII	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 (oft. 1/- each) (not annualised)
(i}	Basic	2.14	(0.08)	1.23	2.06	2.56	4.04
(ii)	Diluted	2.14	(0.08)	1.23	2.06	2.56	4.04
	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 11th October ,2020. The Statutory
	Auditors of the Company have carried out a Limited Review of the aforesaid results in terms of Regulation 33 of SEBI (LODR} 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 Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics".
5	Figures for the previous Period/ Year have been re-grouped/ reworked/ re-arranged w~ere er necessary, lo yake them comparable.
			~-
					,,
				MUMBAI ~
	Place : Mumbai			e~
	Dated : 11th October, 2020		DIN:00102930	""'

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 31st MarchSr.As at 30thParticularsNo.Seotember 2020A Assets1) Non-Current Asset s(a) Property, Plant and Equipment14,561.96-(b) Capital work in progress(c) Intangible assets7.39(d) Financial assets(i) Investments150.672,000.00(ii) Loans(iii) Other financial assets41 7.43(e) Other non-current assets64.8417,202.29Total Non-Current Assets (A)2) Current Assets(a) Inventories9,387.11(b) Financial assets(i) Trade Receivables16,980.39(ii) Cash and cash equivalents4,227.10(iii) Bank balances other than (ii) above807.38(iv) Loans3 ,344.77(v) Other Financial assets367.87(c) Other current assets392.70Total Current Assets (B)35,507.31Total Assets (A)+ (B)52,709.61B Equity & Liabilities1) Equity1,659.06(a) Equity share capital36,547.37(b) Other EquityTotal Equity (A)38,206.432) LiabilitiesNon-Current Liabilities(a) Financial Liabilities43.92(i) Other Non Current Financial Liability(b) Long term provisions409.63(c) Deferred tax liabilities (Net)1,647.57Total Non-Current Liabilities (B)2 101.12Current Liabilities(a) Financial Liabilities11 ,194.63(i) Trade payables(II) Other Current Financial liabilities499.17(b) Other current liabilities671 .02(c)Short term provisions37.24-(d) Current tax liabilities (Net)	FOR THE PERIOD ENDED 30TH SEPTEMBER, 2020rll' in lakhsl
	2020
	14,952.77
	151.58
	8.76
	150.84
	2,143.70
	415.53
	68.21
	17,891 .39
	20,835.44
	15,373.78
	5,567.63
	759.82
	3,189.85
	21 9.21
	1,469.93
	47,415.66
	65,307.05
	1,659.06
	33,962.13
	35,621.19
	43.92
	377.55
	1,635.17
	2,056.64
	27,230.74
	124.10
	213.24
	61.14
	-
Total Current Liabil ities (C)12,402.06	27,629.22

bHANSAli ENqiNEERiNq polyMERS liMiTEd

CIN : L27100MH1 984PLC032637

Registered Office : 401 , 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 162/63/64 • Fax : (91-22) 2621 6077 • E-mail : abstron @bhansaliabs.com •Website : www.bhansaliabs.com

	I' in lakhs)	('In lakhs)
	Period ended	Year ended
Particulars	30th Sentember 2020	31st March 2020
Cash flows from operating activities
Profit before tax as per statement of profit and loss	4,423.61	8,261.14
qAdjustments to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	510.57	946.74
Amortisation of Intangible Assets	1.37	5.04
Profit/( Loss) on Disposal/Write Off of Fixed Assets (Net)	7.30	(0.21)
Net (gain)/loss on sale of investments	-	(111.84)
Interest income	(274.19)	{437.14)
Finance costs	6.74	11.23
Unrealised exchange (gain)/ losses	224.70	224.70
Operating profit before working capital changes	4,900.09	8,899.66
Movement in Working Capital:
Decrease I (increase) In Inventories	11,448.33	{10,822.87)
Decrease I (increase) in Trade and other receivables	(1,606.61)	7,006.18
Decrease/ (increase) in bank balance other than cash and cash equivalents	(47.56)	{414.63}
Decrease I (Increase) in other non-current financial assets	{1.90)	(186.70)
Decrease I (increase) in other current financial assets	(93.17)	551.54
Decrease I (increase) in Other current assets	1,077.23	(1,076.67)
Decrease I (increase) in Other non current assets	-	(25.03)
Increase I (Decrease) in Trade payable	(16,260.81)	7,560.09
Increase I (Decrease) in Provision	11.90	(1.90}
Increase / (Decrease) in other current financial liabilities	375.07	(184.01)
Increase/ (Decrease) in other non current financial liabilities	-	43.62
Increase/ (Decrease) In Other current liabilities	457.78	(419.67)
Cash generated from/( used In) operations	260.37	10,929.61
Direct taxes paid, net of refunds	{1 055.491	12117.381
Net cash flow from/( used In) operating activities (Al	1795.121	8,812.23
Cash flows from Investing activities
Purchase of Property, plant and equipment including CWIP	20.55	(1,650.36)
Proceeds from sale of Property, plant and equipment	7.34	2.45
Net (galn)/loss on sale of Investments	-	111.84
Loans given	(751.02)	(4,210.76)
Loans repaid	739.80	1,023.25
Interest Income	274.19	437.14
Net cash from/( used In) Investing activities (BJ	290.86	14 286.44
Cash flows from financing activities
Finance costs	(6.74)	(11.23)
Dividend on equity shares (Including dividend distribution tax)	1829.531	11000.041
Net cash from/( used In) financing activities (C)	1836.271	11,011.21:
Net Increase/ {decrease) In cash and cash equivalents {A+B+C)	(1,340.53)	3,514.52
Cash and Cash equivalents at the beginning of period_	5,567.63	2,053.11
Cash and Cash equivalents at the end of the period	4,227.10	S,567.63
Notes:

notified under Companies (Accounts) Rules, 2015.

1. Cash flow from operating activities Includes ,.38.79 lakhs (31st March,2020 ,.191.52 lakhs) being the expenditure towards Corporate Social Responsibility.

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

'y

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