Damodar Industries Limited — Interim / Quarterly Report 2021

Feb 6, 2021

DAMODAR INDUSTRIES LIMITED

Date: February 06, 2021 To, ; : To, Dalal Street, Fort Bandra - Kurla Complex

The Manager — CRD ; National Stock Exchange of India Limited BSE Limited The Corporate Relation Department, - Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block Mumbai — 400001 Bandra (E) Mumbai - 400 051 Script Code: 521220 Script Symbol : DAMODARIND

Subject: Submission of Unaudited Financial Results for the quarter and nine months ended December 31, 2020 and Outcome of the Board Meeting

Reference: Regulation 30 & 33 and Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Please refer to our earlier letter dated Wednesday, January 27, 2021, wherein we have intimated the convening of our board meeting on Saturday, February 6, 2021 for consideration and approval of the Unaudited Financial Results for the quarter and nine months ended December 31, 2020 and other allied matters.

In this regard, please be informed that the Meeting of the Board of Directors of the Company was held today at 2:00 p.m. « and the Board of Directors have, inter-alia, approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2020 in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

Please find attached herewith the followings:

• a) Unaudited Financial Results for the quarter and nine months ended December 31, 2020; and
• b) Limited Review Report provided by the Statutory Auditors.

The Board Meeting after the adoption and discussion of the agenda items concluded at 3:50 p.m.

You are requested to take the above information on your records.

Thanking you, Yours faithfully, For Damodar Industries Limited

• ^~—

Subodh Kumar Soni Company Secretary

Regd. Office : 19/22 & 27/30,Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013. - Tel : + 91-22-66610301/02/08, + 91-22-49763180/3203

Factory : Survey No. 265 / 10/1, Demni Road, Dadra Village, D.& N. H. (U. T.)- 396 230 Tel.: 0260 3253390 'T- 26, MIDC Amravati, Addl. Indl, Area, MIDC, Textile Park, Nandgaon Peth, Maharashtra - 444 901, ~

Email : See a gEAS: .com | Website : www.damodargroup. com | GST" No. : 27AAACD3850G1ZV|CN : L17110MH1987PLO045575 %

DAMODAR INDUSTRIES LIMITED Reg, Off: 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013

	Reg, Off: 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013	DAMODAR INDUSTRIES LIMITED Corporate Identity Number : L17110MH1987PLC045575
	E-mail:cs@damodargroup.com Website: www.damodargroup.com DAMODAR GROUP	Tel: +97 — 022 -6661 0301-2eFax: 022- 6661 0308				#
SIN	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS			FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER, 2020			(Rs.in Lacs)
& '	Particulars Income from operations:	(Unaudited) (Unaudited)	Quarter Ended	31.12.2020 30.09.2020 31.12.2019 341,12.2020 (Unaudited) (Unaudited)	Nine Month Ended	31.12.2019 (Unaudited)	Year Ended 31.03.2020 (Audited)
1	(a)Nei Sales/Income from operations: (b)Other Income Total Income from Operations	16563.87 81.61	13165.33 96.94	2040144 37.94	35232.88	56905.25
	Expenditure		13262.27		178.54	117.22	76792.21 269.67.
2	a) (Increase)/Decrease in stock in process & finished goods	16665.48 1317.66	180.86	20439.38 210.38	3411.42 1899.23	5702247 (1359.82)	77061.88
	b) i} Raw Material Consumed ii) Goods Traded ¢) Finance casts	8192.19 3629.59 697.79	7518.96 2972.31 733,79	9704.14 6599.37 772.03	18461.19 7899.40	29007.04 18539. 74)	(1332.71) 39080.35 2462739
	d) Employees cost €) Depreciation and Amortization expenses	767,26 650.82	661.69 549,28	847.51 593,00)	2192.95, 1711.94 1768.82	2341.36 2517.71 1720.98	3379.85 3416.66 2303.83
	f) Other expenditure fi Total Expenses 3 Profit from Operations before Exceptional ltems(1-2)	1309.43 16564.74	1552.32 14169.21	1672.35 20398.78	3562.70 3749623	4705.23 57473.24	6692.99. 78178.36
4 5	Exceptional Items ProfitLoss from Ordinary Activities before tax (3+4)	100.74. # 100.74	(906.94) z (906.94)	40.60 2 40.60	(2084.81) = (2084.84)	(450.77) = (450.77)	(1116.48) = (1716.48)
6	Tax Expense: a) Current Tax b) Deferred Tax	=	2	=	ba	=	=
	'¢) Prior year tax adjustment d) Mat Credit Entitlement	(41,70) ss =	278.11 = =	12.71 B =	646.16 5 =	(209,45) is :	(422.49) sf =
7 §	Net Profit/Loss from Ordinary Activities after tax (5-6) @ Extraordinary lterns	59.04 5	(628.83) =	27.89 =	(1438.65) =	(244.32) =	(693.98) a
	Net Profit/Loss for the period (7-8) 10 Other Comprehensive Income A.ltem thai will not be reclassified to profit or loss	59.04	(628,83)	27.89	(1438.65)	(241.32)	(693.99)
	(i) Remeasurement of Defined Benefit Plan (Net of Tax) B. Item that will be reclassified subsequently to profit or loss	- -	- -	- - -	= - s	- -	- (10.59)
	(i) Change in fair value of Cash Flow Hedge Other Comprehensive Income,net of tax	16.13. 16.13	234.95 234.95	58,78 58.78	507.64 507.64	i (173.64) (173.64)	e (607.94) (618.53)
	17 Total comprehensive Income for the period 12 Paid up Share Capital (Equity Share of Rs.§ each)	(5.17 1165.00	(393.88) 1165.00	86.67 1112.58	(931.04) 1165.00	(414,96) 1112.58	(1312.52) 1165.00
	13 Reserve excluding Revaluation Reserve 14 Earning Per Share Basic & Diluted (in Rs.)	0.25	(2,70)	0.13	(6.17)	(1.08)	8647.68 (2.38)
Notes:	1) The above Financial Results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors in its Meeting held on February 06,2021 and same were also subject to Limited Review by statutory auditors of the Company in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.						*
	2) The impact of the COVID-19 is slowly receding. There is an improvement in business Operations during the Quarter. The Company has assessed the impact of this Pandemic on its business operations and has considered all relevant internal and external information available upto the date of approval of these financial results while determining of the recoverability and carrying value of the financial assets and non-financial assets. Given the unprecedented circumstances, the results for the current
	quarler and Nine months ended are nat comparable to previous corresponding periods/results. 3) The business activity of the Company falls within a single primary business segment viz " Textile Goods" and hence there is no other reportable segment. 4) The figures for the previous financial period/year figures have been re-Classified/re-arranged/re-grouped wherever necessary to make them comparable.
						By Order of the Board of Directors For Damodar Industries Limited

By Order of the Board of Directors For Damodar Industries Limited

Arunkumar Biyani Chairman

Swati Kanse & Co.

Mobile : +91 9819589318 Chartered Accountants E-mail: kansegwati@gmall.com

C-101, Gala Mansion, Opp. Jai Hind Cinema, Bhai Bal Mukund Marg, Chinchpokli (E), Mumbai - 400 012.

INDEPENDENT AUDITORS' REVIEW REPORT ON UNAUDITED FINANCIAL RESULTS

To,

The Board of Directors M/s. Damodar Industries Limited

We have reviewed the accompanying statement of unaudited financial results ("statement") of M/s. Damodar Industries Limited ('the Company') for the quarter & nine months ended December 31, 2020, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including relevant circulars issued by SEBI from time to time.

The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" 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.

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 the Entity" 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 statement is free of material misstatement. 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 express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognised 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.

We draw attention to Note 2 of the accompanying financial results, which describes the uncertainties and the impact of Covid-19 pandemic on the Company's operations and results as assessed by the management. Our conclusion is not modified in respect of this matter.

For Swati Kanse & Company Chartered Accountants Firm Registration No : 132689W

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(Swati Kanse} Proprietor 1 Membership No : 130690 UDIN : 21130690AAAAAF8505 Place : Mumbai Date: February 06, 2021