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DCW Ltd. Interim / Quarterly Report 2021
63614_rns_2021-11-02_cbe59e50-e32a-40c1-a4ab-4a016bc73220.pdf
Interim / Quarterly Report
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| DCW | |||
|---|---|---|---|
| LIMITED | |||
| November 02, 2021 | |||
| To, National Stock Exchange of India Ltd. The BSE Limited Exchange Plaza Bldg. 5th Floor, Plot No.C-1 'G' Block, Near Wockhardt, Bandra Kurla Complex Mumbai 400 051. Fax:26598237/38 Symbol: DCW |
Scrip Code | Department of Corporate Services, 1s floor, New Trading Ring Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Fax : 22723121/3719/ 2037/2039 500117 : |
|
| Dear Sir(s)/ Madam, Sub.: |
Outcome of Board Meeting held on November 02, 2021 in terms of Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
||
| Pursuant to provisions of Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of DCW Limited ("the Company") at November today ie. 02, Financial Results September 30, 2021. |
2021, inter |
have alia, |
its meeting held approved un-audited the of the Company for the second quarter and half year ended |
| Accordingly, we are enclosing herewith: | |||
| unaudited copy A (i) of second quarter and half year ended September 30, 2021 |
Financial | Results | Company the the for of |
| (ii) by M/s Chhajed Doshi, Statutory Auditors of the Company. |
Limited Review Report on the Financial Results of the Company for the second quarter and half year ended September 30, 2021 issued |
||
| The Board Meeting commenced at 10:30 p.m. (IST). |
a.m. | (IST) and concluded at Jt dS |
|
Sub.: Outcome of Board Meeting held on November 02, 2021 in terms of Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- (i) A copy of unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2021
- (ii) | Limited Review Report on the Financial Results of the Company for the second quarter and half year ended September 30, 2021 issued by M/s Chhajed Doshi, Statutory Auditors of the Company.
The Board Meeting commenced at 10:30 a.m. (IST) and concluded at Jt dS Pr p.m. (IST).
HEAD OFFICE : \ "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 021. 5 TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838°-——=~ REGISTERED OFFICE : DHRANGADHRA - 363 315 (GUJRAT STATE) Email: [email protected], Website: www.dcewltd.com, CIN-L24110GJ1939PLC000748
DCW LIMITED &
The outcome of Board Meeting along with the aforesaid Financial Results and Limited Review Report are also being uploaded on the Company's website at www.dewltd.com DCW LIMITED
This is for your information and records.
Thanking You,
Yours faithfully, oa For DCW Limited, { few »
Dilip Dayji Se ap Sr. General Manager (Legal) & Company Secretary Membership No. ACS-22527
' fe
( 4 4 . . / ! rd ae
HEAD OFFICE : ""NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 021. TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE : DHRANGADHRA - 363 315 (GUJRAT STATE) Email: [email protected], Website: www.dewltd.com, CIN-L24110GJ1939PLC000748
CHHAJED & DOSHI CHARTERED ACCOUNTANTS
'Review Report on Quarterly and Half yearly Unaudited Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors DCW Limited Mumbai
-
- We have reviewed the accompanying statement of unaudited financial results of DCW Limited ('the company') for the quarter and half year ended 30' Sentember 2021 ("the statement") attached herewith (initialled by us for identification), being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
-
- This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared 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. Our responsibility is to express a conclusion on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 specified under section 143 (10) of the Companies Act, 2013 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 applicable Indian Accounting Standards ('Ind AS') specified under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognised accounting Practices and policies has not disclosed the information required to be disclosed in terms [ew /Pagq1 of 2. st Ww hey ue Head Office:
CHHAJED & DOSHI CHARTERED ACCOUNTANTS
of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
5. Emphasis of Matters
- 5.1 We draw attention to Note No. 5 to the unaudited financial results for the quarter and half ended 30% September 2021, which describes the uncertainty related to the outcome of the petitions/appeals filed by the company in the matter of;
- electricity tax demand of Rs. 6429.26 lakhs on captive power generated and other matters during the period 2003 to 2019;
- custom duty demand of Rs. 3,164.60 lakhs of coal imported by the company during 2011 and 2012; and
- execution of assignment deeds of the lands at Sahupuram works in respect of which the state government has issued notice of repossession and demanded lease rent for the period occupied by the company. The land is treated as freehold.
No provision has been made for the aforesaid demands in view of the factors stated in the said note.
5.2 Effects of COVID-19: We draw attention to Note No. 7 to the financial results, which describe the impact of the outbreak of coronavirus (COVID-19) on the business operations of the company. In view of highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.
Our conclusion is not modified in respect of these matters.
For CHHAJED & DOSHI Chartered Accountants [Firm Reg. No.101794W]
"S
CA. Aruna Dhanesha Partner Membership No. 107863 UDIN: QO FREBAAAALZ 3
Place: Mumbai Date: 02" November, 2021
Page 2 of 2
DCW LIMITED
| DCW LIMITED | ||||||
|---|---|---|---|---|---|---|
| DCW | Registered office : Dhrangadhra - 363315 ( Gujarat ) Head Office |
Nirmal', Nariman Point, Mumbai - 400027. | ||||
| Website - www.dewltd.com, Telephone ; 22871914/16, Telefax ; 22 22028838, E-mail : ho@dewltd,com CIN : L244110GJ1939PLCG00748 |
||||||
| STATEMENT OF UNAUDITED FINANCIAL RESULTS | FOR THE QUARTER AND HALF YEAR ENDED, 30TH SEPTEMBER, 2021 | (Rs. In lakhs) | ||||
| PARTICULARS | 30.09.2021 | QUARTER ENDED 30.06.2021 |
30.09.2020 | HALF YEAR ENDED 30.09.2021 |
30.09.2020 | YEAR ENDED 31.03.2027 |
| INCOME | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited |
| 1 Revenue from Operations 2 Other income 3. TOTAL INCOME |
57,187.40 126.57 |
52,050.58 223,61 |
33,791.14 153.29 |
1,09,237.98 350.18 |
62,250.24 238.63 |
1,46,426.17 1,133.19 |
| 4, EXPENSES : a, Cost of materials consumed |
57,313.97 31,901.49 |
52,274.19 31,698.30 |
33,944.43 17,179.58 |
1,09,588.16 63,599.79 |
62,485.87 29,375.84 |
1,47,559.36 78,118.13 |
| b, Purchase of stock-in-trade c. Changes in inventories of finished goods |
- 736.27 |
0.76 659.04 |
19.48 (1,797.22) |
0.76 1,395.23 |
34.74 (828.23) |
150.03 (2,658, 92) |
| d. Employee benefits expense e. Finance costs |
3,910.00 2,890.07 |
3,549.62 3,086.69 |
3,574.25 2,844.33 |
7,459.62 5,976.76 |
7,117.83 5,616.78 |
13,312.97 11,967.43 |
| f. Depreciation g. Other Expenses : Power and Fuel |
2,232.05 7,389.71 |
2,192.10 6,253.57 |
2,165.27 §,209.26 |
4,424.15 13,643.28 |
4,328.13 10,297.25 |
8,737.13 19,475.05 |
| Other expenses 5. TOTAL EXPENSES |
9,305.41 54,365.00 |
4,154.35 57,594.40 |
4,051.47 33,846.36 |
9,459.76 1,05,959.40 |
8,122.98 63,985.32 |
17,090.03 1,46,191.85 |
| 6, Profit / (Loss) before exceptional items and tax 7. Exceptional items (Refer Note 9) |
2,948.97 | 679.79 1,390.80 |
98.07 | 3,628.76 1,390.80 |
(1,499.45) | 1,367.51 |
| 8. Profit / (Loss) before tax | - 2,948.97 |
2,070.59 | - 98.07 |
5,019.56 | - (1,499.45) |
- 1,367.51 |
| Tax Expense : | ||||||
| a. Current tax b. Earlier Year tax c, Deferred tax |
522.00 (47.72) 507.45 |
362.00 16,00 355,38 |
- * 1.59 |
884.00 (31.72) 862.83 |
: - (612.21) |
250.00 - 738,20 |
| 9. TOTAL TAX EXPENSE 10. Net Profit / (Loss) for the period |
981.73 1,967.24 |
733.38 1,337.21 |
1.59 96.48 |
1,715.11 3,304.45 |
(612,21) (887.24) |
988.20 379.31 |
| 11. Other Comprehensive Income A i) Items that will not be reclassified to profit or loss |
11.87 | 11.88 | 37.15 | 23.75 | ||
| (Acturial gain / loss on employee defined benefit fund recognised in | ||||||
| 'Other Comprehensive Income ) | 74.31 | 47,50 | ||||
| ii) Income tax relating to items that will will not be reclassified to profit or loss B i) Items that will not be reclassified to profit or loss |
(4.15) - |
(4.15) - |
(13.00) - |
(8.30) - |
(26.01) - |
(16.60) - |
| il) Income tax relating to items that will be reclassified to profit or loss Total Other Comprehensive Income |
= 7.72 |
= 7.73 |
" 24.15 |
= 15.45 |
- 48.30 |
2 30.90 |
| 12. Total Comprehensive Income | 1,974.96 | 1,344.94 | 120.63 | 3,319.90 | (838.94) | 410.21 |
| 13. Paid-up equity share capital (Face value of Rs. 2/- each) 14, Eamings per share |
§,220.61 | 5,220.61 | 5,220.61 | 5,220.61 | 5,220.61 | 5,220.61 |
| Basic Diluted |
0.75 0.71 |
0.51 0.51 |
0.04 0.04 |
1.27 1.22 |
(0.34) (0.34) |
0.15 0.15 |
| * Not annualised | ia | a: | = | * | a | |
| UNAUDITED SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND HALF YEAR ENDED, 30TH SEPTEMBER, 2021 | QUARTER ENDED | HALF YEAR ENDED | YEAR ENDED |
|||
| PARTICULARS | 30,09,2021 Unaudited |
30.06.2021 Unaudited |
30.09.2020 Unaudited |
30.09.2021 Unaudited |
30.09.2020 Unaudited |
31.03.2021 Audited |
| I) Segment Revenue : (Gross Income ) la. Soda Ash lb. Caustic Soda |
5,100.85 12,475.91 |
4,071.35 16,540,99 |
4,651.09 8,775.29 |
9,172.20 29,016.90 |
8,320.26 20,909.21 |
17,869.53 35,570.97 |
| ic. Synthetic Iron Oxide Pigments id. PVC |
2,223.39 31,486.66 |
1,883.19 24,660.35 |
991.78 18,630.72 |
4,106.58 56,147.01 |
2,021.55 24,110.01 |
5,977.3 70,815.87 |
| le, CPVC if, Others / Unallocated Gross Revenue from operation |
9,312.14 588.45 57,187.40 |
4,339.48 555,22 52,050.58 |
3,342.33 399.93 33,791.14 |
9,651.62 1,143.67 1,09,237.98 |
6,001.74 887.47 62,250.24 |
14,857.25 1,335.24 1,46,426.17 |
| ii, Segment Results : (Profit before Interest and Tax) la. Soda Ash |
60.25 | (104.53) | 236.60 | (44.28) | 338.04 | 668.43 |
| lb. Caustic Soda ic. Synthetic Iron Oxide Pigments |
(571.80) (157.10) |
1,752.94 (219,99) |
(4.89)) (215.39) |
1,184.14 (377.09) |
532.77 (779.86) |
(1,355.09) (1,709.53)! |
| id, PVC le. CPVC. if. Others |
5,267.69 854.75 385.25 |
744.03 1,222.00 372.03 |
2,106.35 618.28 201.45 |
6,011.72 2,076.75 757.28 |
2,376.99 1,144.85 504.54 |
10,721.59 3,831.91 577.63 |
| Total : Less : Interest |
5839.04 2,890.07 |
3,766.48 3,086.69 |
2,942.40 2,844.33 |
9605.52 5,976.76 |
4,117.33 5,676.78 |
13,334.94 11,967.43 |
| Exceptional Items - (Profit) / Loss TOTAL PROFIT BEFORE TAX iii, Capital Employed (Segment Assets) |
= 2,948.97 |
1,390.80 2,070.59 |
- 98.07 |
1,390.80 5,019.56 |
: (1,499.45) |
= 1,367.51 |
| a. Soda Ash b. Caustic Soda |
30,834.32 99,170.31 |
31,780.21 48,908.10 |
30,481.85 49,108.68 |
30,834.32 59,170.31 |
30,481.85 49,108.68 |
30,587.13 50,769.11 |
| ic. Synthetic Iron Oxide Pigments d. PVG le. CPC |
38,464.01 24,683.21 27,274.17 |
38,640.14 23,446.62 27,917.68 |
39,845.63 23,154.25 28,462.44 |
38,464.01 24,683.27 27,274.17 |
39,845.63 23,154.25 28,462.44 |
39,051.25 21,554.95 27,396.20 |
| 9. TOTAL TAX EXPENSE 981.73 733.38 988.20 1,715.11 (612,21) 1.59 10. Net Profit / (Loss) for the period 1,967.24 1,337.21 96.48 3,304.45 (887.24) 379.31 11. Other Comprehensive Income A i) Items that will not be reclassified to profit or loss 11.87 11.88 37.15 23.75 74.31 47,50 (Acturial gain / loss on employee defined benefit fund recognised in 'Other Comprehensive Income ) ii) Income tax relating to items that will will not be reclassified to profit or loss (13.00) (4.15) (4.15) (8.30) (26.01) (16.60) B i) Items that will not be reclassified to profit or loss - - - - - - il) Income tax relating to items that will be reclassified to profit or loss = = = " - 2 Total Other Comprehensive Income 7.72 15.45 24.15 48.30 30.90 7.73 12. Total Comprehensive Income 1,974.96 1,344.94 120.63 3,319.90 (838.94) 410.21 13. Paid-up equity share capital (Face value of Rs. 2/- each) §,220.61 5,220.61 5,220.61 5,220.61 5,220.61 5,220.61 14, Eamings per share Basic (0.34) 0.75 0.04 1.27 0.15 0.51 Diluted 0.71 0.04 1.22 (0.34) 0.15 0.51 Not annualised ia a: = a UNAUDITED SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND HALF YEAR ENDED, 30TH SEPTEMBER, 2021 QUARTER ENDED HALF YEAR ENDED YEAR ENDED PARTICULARS 30.09.2020 30,09,2021 30.06.2021 30.09.2021 30.09.2020 31.03.2021 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I) Segment Revenue : (Gross Income ) 9,172.20 la. Soda Ash 4,071.35 5,100.85 4,651.09 8,320.26 17,869.53 20,909.21 lb. Caustic Soda 16,540,99 8,775.29 29,016.90 35,570.97 12,475.91 2,223.39 4,106.58 ic. Synthetic Iron Oxide Pigments 1,883.19 991.78 2,021.55 5,977.3 id. PVC 31,486.66 24,660.35 18,630.72 56,147.01 24,110.01 70,815.87 le, CPVC 4,339.48 9,312.14 3,342.33 9,651.62 6,001.74 14,857.25 if, Others / Unallocated 588.45 555,22 399.93 1,143.67 887.47 1,335.24 Gross Revenue from operation 57,187.40 52,050.58 33,791.14 1,09,237.98 62,250.24 1,46,426.17 ii, Segment Results : (Profit before Interest and Tax) la. Soda Ash 236.60 (44.28) 338.04 60.25 (104.53) 668.43 1,752.94 lb. Caustic Soda 532.77 (571.80) 1,184.14 (1,355.09) (4.89)) ic. Synthetic Iron Oxide Pigments (779.86) (157.10) (219,99) (215.39) (377.09) (1,709.53)! id, PVC 6,011.72 5,267.69 744.03 2,106.35 2,376.99 10,721.59 le. CPVC. 854.75 1,222.00 618.28 2,076.75 1,144.85 3,831.91 385.25 372.03 201.45 if. Others 757.28 504.54 577.63 3,766.48 2,942.40 5839.04 9605.52 4,117.33 13,334.94 Total : 2,890.07 2,844.33 5,676.78 11,967.43 Less : Interest 3,086.69 5,976.76 Exceptional Items - (Profit) / Loss 1,390.80 1,390.80 = - : = TOTAL PROFIT BEFORE TAX 2,948.97 2,070.59 5,019.56 1,367.51 98.07 (1,499.45) iii, Capital Employed (Segment Assets) a. Soda Ash 30,834.32 30,481.85 30,834.32 30,481.85 31,780.21 30,587.13 b. Caustic Soda 99,170.31 48,908.10 49,108.68 59,170.31 49,108.68 50,769.11 ic. Synthetic Iron Oxide Pigments 38,464.01 38,640.14 39,845.63 38,464.01 39,845.63 39,051.25 d. PVG 24,683.21 24,683.27 23,446.62 23,154.25 23,154.25 21,554.95 le. CPC 27,274.17 27,917.68 28,462.44 27,274.17 28,462.44 27,396.20 17,159.61 19,887.24 13,641.34 17,159.61 13,641.34 11,792.70 if. Others. 1,97,585.63 1,90,580.00 1,84,694.19 1,97,585.63 1,84,694,19 1,81,151.35 iii, Capital Employed (Segment Liabilities) a, Soda Ash 5,323.91 5,130.93 7,120.07 5,323.97 7,120.07 5,085, 14 b. Caustic Soda 12,402.42 13,100.34 13,282.94 12,402.42 13,282.94 12,904.34 c. Synthetic Iron Oxide Pigments 1,829.76 4,338.61 1,565.17 4,338.61 1,763.10 1,565.11 id, PVC 33,463.10 25,801.36 18,355.59 33,463.10 18,355.59 25,725.92 le. CPVG 2,401.74 2,654.20 2,401.74 3,880.64 2,549.78 3,880, 64 6,550.47 9,551.73 8,957.12 6,550.47 8,957.12 9,491.40 if, Others. 61,706.75 61,706.75 58,068.32 55,934.97 55,934.97 57,519.67 Total : |
c, Deferred tax | 507.45 | 355,38 | 1.59 | 862.83 | (612.21) | 738,20 |
|---|---|---|---|---|---|---|---|
| Total | |||||||
| DCW | ||
|---|---|---|
| LIMES. | ||
| Website : www.dewltd.com, Telephone : 22871914/16. | ||
| Telefax : 22 22028838, E-mail : [email protected] CIN ; L24110GI1939PLC000748 |
||
| UNAUDITED STATEMENT OF ASSETS & LIABILITIES : | ||
| AS at 30.09.2021 | (Rs. In lakhs) JAs at 31.03.2021 |
|
| Particulars | Unaudited | Audited |
| ASSETS | ||
| 1. Non Current Assets | ||
| (a) Property, Plant and Equipment | 4,37,100.62 | 1,40,691.76 |
| (b) Capital work in progress | 896.09 | 381,10 |
| Financial Assets (c) |
||
| (i) Investments | 0.86 | 0.86 |
| (ji) Loans | 902.52 | 1,055.70 |
| (iii) Other Financial Assets | 0.50 | 3,738.83 |
| c) Income Tax Assets (Net) | - | 137.85 |
| d) Other Non-Current Assets | 547.93 | 399.95 |
| 'Sub total - Non current assets | 1,39,448,52 | 1,46,406.05 |
| 2. Current assets | ||
| (a) Inventories | 27,582.08 | 16,908.77 |
| (b) Financial Assets | ||
| (i) Trade receivables (i) Cash and Cash equivalents |
11,458.90 2,123.40 |
9,519.96 5,000.50 |
| (iii) Bank Balances Other than above | 12,673.61 | 7,244.88 |
| (iv) Loans | 92.52 | 119.86 |
| (c) Other Current assets | 4,240.12 | 2,324.22 |
| 'Sub total - Current assets | 58,170.63 | 41,118.19 |
| TOTAL ASSETS | 1,97,619.15 | 1,87,524.24 |
| EQUITY AND LIABILITIES | ||
| A. Equity | ||
| (a) Equity Share Capital | 5,220.61 | §,220.61 |
| (b) Other Equity | 67,568.93 | 63,498.94 |
| Total - Equity | 72,789.54 | 68,719.55 |
| B. Liabilities | ||
| Non - Current liabilities 1 |
||
| (a) Financial Liabi | ||
| Borrowings | 46,524.43 | 52,273.70 |
| Lease Liabilities | 266.41 | 95.61 |
| Other Financial Liabilities | 3,225.00 | 3,642.00 |
| (b) Provisions | 1,690.17 | 1,532.37 |
| (c) Deferred Tax Liabilities (net) | 7,026.51 | 6,155.38 |
| (d) Other Non Current liabilities | 944,85 | 979.49 |
| Total - Non Current liabilities | 59,677.37 | 64,678.55 |
| 2. Current liabilities. (a) Financial Liabilities |
||
| Borrowings | 13,296.34 | 10,032.48 |
| Lease Liabilities | 92,92 | 13.07 |
| Trade payables | ||
| Dues to Micro and Small Enterprises | 658.63 | 796.58 |
| Dues to Other than Micro and Small Enterprises | 37,362.17 | 29,001.79 |
| Other Financial liabilities | 6,179.11 | 4,154.77 |
| (b) Provisions | 509.40 | 559.40 |
| (c) Other Current liabilities | 6,801.29 | 9,568.05 |
| (d) Current Tax Liabilities (Net) | 252.38 | = |
| Total - Current liabilities | 65,152.24 | 54,126.14 |
| TOTAL - EQUITY AND LIABILITIES | 1,97,619.15 | 1,87,524.24 |
| CASH FLOW STATEMENT FOR SIX MONTHS ENDED 30" SEPTEMBER, 2021 | ||
| Six months ended 30" Sept' 21 | (Rs. In lakhs) Six months ended 30" Sept' 20 |
||||
|---|---|---|---|---|---|
| Particulars | |||||
| A.Cash flow from Operating Activities Net profit before tax |
5,019.56 | (1,499.45) | |||
| Adjustments for : Non cash Items | |||||
| Depreciation and amortisation expense | 4,424.15 | 4,328.13 | |||
| Unrealized Exchange Loss / (Gain) | 217.59 | (182.29) | |||
| Finance Costs | 5,976.76 | 5,616.78 | |||
| Interest income | (215,29) | (93,54) | |||
| (Profit) / Loss on Sale of Asset (Net) | 63,44 | 3.42 | |||
| Income Recognized Against Capital Grant | (34.64): | (34.64) | |||
| Provisions made/(written back) during current year | 107.80 | 908.78 | |||
| Unclaimed balances written back | (32.19) | 58.16 | |||
| 10,507.62 | 10,604.80 | ||||
| Operating profit before working capital changes | 15,527.18 | 9,105.35 | |||
| Adjustments for : Working Capital | |||||
| Trade receivables & other current assets | (4,037.23), | (132.89) | |||
| Loans & advances | 180.52 | (253.04) | |||
| Inventories | (10,673.31) | (1,850.58) | |||
| Trade and other payables | 8,086.35. | (6,443.67) | 4,676.87 | 2,440.36 | |
| Cash generation from operations | 9,083.51 | 11,545.71 | |||
| Unrealized Exchange Loss / (Gain) | (217,59) | 182,29 | |||
| Direct taxes paid (Net off Refund) | 462.05 | 4.23 | |||
| Net cash flow from operating activities | 9,327.97 | 11,732.23 | |||
| B. Cash flow from Investing Activities | |||||
| Purchase of fixed Assets | (1,176.45) | (870.08) | |||
| Sale of Fixed Assets | 24.43 | 7.33 | |||
| Fixed Deposit with Banks | (1,690.40) | (3,551.44) | |||
| Interest income | 215.29 | 93.54 | |||
| Net cash used in investing activities | (2,627.13) | (4,320.66) | |||
| iC. Cash flow from Financing Activities | |||||
| Proceeds from Long-Term Borrowings | - | - | |||
| Repayment of Long Term Borrowings | (2,105.37) | (1,131.77) | |||
| Short Term Borrowings (Net) | (1,709.85) | (2,384.36) | |||
| Finance Costs | (5,723.65) | (3,714.73) | |||
| Lease Liability paid | (39.07) | (13.81) | |||
| Net cash used in financing activities | (9,577.94) | (7,244.67) | |||
| e a (eemaselin cosh and Cash equivalents Net in ON |
(2,877.10) | 166.90 | |||
| Gash and Cash Equivalents Open |
5,000.50 | 345.68 | |||
| fer ee ad-Gash Equivatents |
2,123.40 | 512.58 | |||
| pay f x ; f 1r3l |
(2,877.10) | 166.90 |
Website : www.dewitd.com, Telephone ; 22871914/16. Telefax : 22 22028838, E-mail : [email protected]
CIN : L24110GJ71939PLC000748
- |. The above financial results are drawn in accordance with the accounting policies consistently followed by the Company. The results have have been reviewed hy the Audit Committee and approved by the Board of Directors at their meeting held on 2nd November 2024
- The results for the quarter and half year ended 30th September, 2021 are in compliance with IND AS prescribed under section 133 of the Companies act 2013 read with Rule 3 ef the Companies
- indian Accounting Standards) Rules, 2015 (as amended),
-
Certain provisions relating to Employee Benefits, Tax Expense, etc. are made on estimated /proportionate basis which are subject to adjustments, if any, at the year end.
-
A. Tamil Nadu Electricity Tax demand of Rs, 6,429.26 lakhs in respect of captive power generated at Sahupuram unit for the period 2003 to 2019, the Company has been legally advised and is hopeful of favourable outcome before the Supreme Court on the invalidity of and the retrospective application of the Amending Act of 2003 and in the wnt petition filed before the Hon'ble Madras High Court. No provision is considered necessary by the management for the Electricity tax demand.
- B. In respect of demand of differential duty of Customs of Rs. 3,164.60 lakhs in respect of coal imports in earlier years the Company has been legally advised that it has the fair chance of success before CESTAT. Accordingly no provision has been made in the accounts,
- C. In the matter of re-possession notice issued by the State Government and demand of lease rent relating to land at Sahupuram works for which the assignment deeds are still ta be executed, the company has been legally advised that it has very good case and hence the ownership of the land would be eventually transferred in fhe name of the Company as per Sec.53A of the Transfer of Property Act. Accordingly the said land is treated as "freehoia".
- in pursuance of Section 115B,AA of the income tax act, 1961 notified by the Government of India through taxation Law (Amendment) Ordinance 2079,fhe Company has an option of shifting to lower fax rate along with consequent reduction in certain tax incentives, The company is in process of evaluating the option and the impact, if any, thereof shall be taken at the time of exercising the option.
-
- Covid-19 Impact Analysis : "The outbreak of corona virus (COVID-19) pandemic globally and in India is causing disturbance and slowdown of economic activity. The Company has taken into account the possible impact of COVID-19 in preparation of the unaudited financial results, including its assessment of recoverable value of its assets based on internal and extemal information upto the date of approval of these unaudited financial results and current indicators of future economic conditions." 10. The figures for the corresponding mapa ia) restated / regrouped wherever necessary, fo make them comparable nN 2a a
- &. The Deferred Tax provisions is net off MAT Credit available for carry forward.
| DCW | DCW LIMITED Registered office : Dhrangadhra - 363315 ( Gujarat ) :'Nirmal', Nariman Point , Mumbai - 400021. Head Office |
|---|---|
| Limit ep Website : www.dewitd.com, Telephone ; 22871914/16. Telefax : 22 22028838, E-mail : [email protected] |
|
| CIN : L24110GJ71939PLC000748 NOTES : |
. The above financial results are drawn in accordance with the accounting policies consistently followed by the Company. The results have have been reviewed hy the Audit Committee and approved by the Board of Directors at their meeting held on 2nd November 2024 |
| nN indian Accounting Standards) Rules, 2015 (as amended), 2 |
The results for the quarter and half year ended 30th September, 2021 are in compliance with IND AS prescribed under section 133 of the Companies act 2013 read with Rule 3 ef the Companies Certain provisions relating to Employee Benefits, Tax Expense, etc. are made on estimated /proportionate basis which are subject to adjustments, if any, at the year end. |
| a In the matter of |
1. The Company has issued 1,57,91,314 warrants amounting to Rs. 30 Crores during the half year ended 30" September 20271 against which Rs.7.5 Crores i.e. 25% amount has been received. A. Tamil Nadu Electricity Tax demand of Rs, 6,429.26 lakhs in respect of captive power generated at Sahupuram unit for the period 2003 to 2019, the Company has been legally advised and is hopeful of favourable outcome before the Supreme Court on the invalidity of and the retrospective application of the Amending Act of 2003 and in the wnt petition filed before the Hon'ble Madras High |
| Court. No provision is considered necessary by the management for the Electricity tax demand. B. In respect of demand of differential duty of Customs of Rs. 3,164.60 lakhs in respect of coal imports in earlier years the Company has been legally advised that it has the fair chance of success before CESTAT. Accordingly no provision has been made in the accounts, |
|
| Act. Accordingly the said land is treated as "freehoia". a |
C. In the matter of re-possession notice issued by the State Government and demand of lease rent relating to land at Sahupuram works for which the assignment deeds are still ta be executed, the company has been legally advised that it has very good case and hence the ownership of the land would be eventually transferred in fhe name of the Company as per Sec.53A of the Transfer of Property in pursuance of Section 115B,AA of the income tax act, 1961 notified by the Government of India through taxation Law (Amendment) Ordinance 2079,fhe Company has an option of shifting to lower fax |
| Covid-19 Impact Analysis : 7. |
rate along with consequent reduction in certain tax incentives, The company is in process of evaluating the option and the impact, if any, thereof shall be taken at the time of exercising the option. "The outbreak of corona virus (COVID-19) pandemic globally and in India is causing disturbance and slowdown of economic activity. The Company has taken into account the possible impact of COVID-19 |
| in preparation of the unaudited financial results, including its assessment of recoverable value of its assets based on internal and extemal information upto the date of approval of these unaudited financial results and current indicators of future economic conditions." &. The Deferred Tax provisions is net off MAT Credit available for carry forward. mapa 9, During the half year ended 30th September 2027, the Company has received Rs. 1,390.80 Lakhs towards maturity proceeds of Insurance policies. |
|
| 10. The figures for the corresponding | ia) restated / regrouped wherever necessary, fo make them comparable For and on behalf of the Board of Directors |
| Place : Mumbai | Dee EO TS |
| Dated : 2"! November, 2021 | SY 2 Pramod Kumar Jain ERED Sy |
| DCW LIMITED - Manufacturers of CHEMICALS T MAKE INDUSTRIES HUM Visit us at : www.dcwltd.com |