BPL Ltd. — Interim / Quarterly Report 2021

Feb 11, 2021

BPL Limited Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015 E-mail: Investor@bpl.in, URL:www.bpl.in, Tel: No. +91 80 25589109

Statement of Standalone Unaudited Financial Results for the Quarter and Nine months ended 31st December, 2020

							(Rs. In Lakhs)
		Quarter EndedNine Months Ended				Year Ended
SI.
nos		31-12-2020	30-09-2020	31-12-2019	31-12-2020	31-12-2019	31-03-2020
	Particulars	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
T	REVENUE
	Revenue from operations	1,035.00	1,057.20	2,882.78	2,885.09	7,589.68	9,456.28
$\mathbf{I}$Ш	Other Income (net)	32.65	45.87	34.69	93.88	274.92	244.13
	Total Income (I+II)	1,067.65	1,103.07	2,917.47	2,978.97	7,864.60	9,700.41
IV	EXPENSES
	Cost of material consumed	486.94	371.47	336.84	1,209.87	905.56
	Purchases of Stock-in-Trade	257.53	317.68	1,701.69	646.81		1,265.32
	Changes in inventories of finished goods, Stock-in-Trade and work-					5,712.95	6,731.66
	in-progress	25.83	40.01	521.76	209.38	162.56	419.18
	Employee benefits expense	161.74	148.53	230.83	478.23	628.36	902.03
	Finance costs	70.62	43.51	46.52	148.05	157.12	232.11
	Depreciation and amortization expense	41.89	43.04	10.29	127.15	34.59	77.14
	Other expenses	101.59	141.17	526.80	363.42	1,155.10	1,809.38
	Total Expenses	1,146.14	1,105.41	3,374.73	3,182.91	8,756.24	11,436.82
V	Profit/(loss) before exceptional items and tax (III-IV)	(78.49)	(2.33)	(457.26)	(203.94)	(891.64)	(1,736.41)
VI	Profit/(loss) before tax (V-VI)	(78.49)	(2.33)	(457.26)	(203.94)	(891.64)	(1,736.41)
VII	Tax Expense:
	(1) Current Tax
	(2) Deferred Tax						(2, 111.43)
VIII	Profit (Loss) for the period from continuing operations (VII-VIII)	(78.49)	(2.33)	(457.26)	(203.94)	(891.64)	375.02
IX	Profit/(loss) for the period (IX+XII)	(78.49)	(2.33)	(457.26)	(203.94)	(891.64)	375.02
X	Other Comprehensive Income
	$A(i)$ items that will not be reclassified to profit or loss						23.86
	Total Comprehensive Income for the period (Comprising Profit
XI	(Loss) and Other Comprehensive Income for the period)	(78.49)	(2.33)	(457.26)	(203.94)	(891.64)	398.88
XII	Paid-up equity share capital: (Face value Rs.10 each)	4,888.48	4,888.48	4,888.48	4,888.48	4,888.48	4,888.48
	Earnings per equity share (for continuing operation):
	$(1)$ Basic	(0.16)	(0.00)	(0.94)	(0.42)	(1.82)	0.77
	(2) Diluted	(0.16)	(0.00)	(0.94)	(0.42)	(1.82)	0.77

$\bar{u}$

$\mathscr{B}$

Notes:

• 1. The above results have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 11th February 2021.
• 1. The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
• 1. The format for audited quarterly / yearly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30 November 2015 has been modified to comply with requirements of SEBI's circular dated 5th July 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, applicable to companies that are required to comply with Ind AS.
• 1. The estimated amount of contingent liabilities as on December 31st 2020 is Rs. 76.95 Crores.
• 1. An unsecured claimant had obtained an order against the Company from single Bench of the Honorable High Court of Delhi, confirming the order of a Sole Arbitrator. The Company has filed appeal against the said order with the Division Bench of Honorable High Court of Delhi. Based on the order of the single bench, the said unsecured claimant has obtained an execution order from the City Civil Court, Bangalore. The company has filed a writ in the High Court of Karnataka against this order. Further, by a Consent Order, dated 27th January, 2020, the Hon'ble High Court of Karnataka has directed that no precipitate steps are to be taken against the Company until the disposal of the Company's Appeal pending in the Delhi High Court. The Company is hopeful of getting a favorable order on merit; hence, no provision is made in the books of accounts for the claim.
• 1. Preference Shares issued by the company have become due as per the terms on which they were issued and have not yet been redeemed. Pursuant to the provisions of Section 55 of the Companies Act, 2013, Preference Shares can be redeemed only out of profits that are otherwise available for dividend. The Company has not yet earned profit that is to be distributed as dividend.
• 1. Company is yet to make contribution towards Gratuity Fund. Company is making necessary arrangements to fund the same in instalments, over a period of time.

• 1. The company is engaged in manufacturing & trading of consumer electronic goods, and therefore, has only one reportable segment in accordance with Ind AS 108 "operating segments".
• 1. Provision for Deferred Taxation as per Ind AS-12 "Income Tax" provision for current Tax and employee benefits as per Ind AS 19 "Employee Benefits" will be made at the end of the year.
• 1. Previous period figures have been regrouped / reclassified to conform to current period's presentations.

For and behalf of the Board of BPL Limited

Ajit G Nambiar (Chairman & Managing Director)

Place: Bangalore Date: February 11, 2021