Deccan Cements Ltd. — Annual Report 2019

May 28, 2019

DECCAN CEMENTS LIMITED

CIN : L26942TG1979PLC002500 REGD OFFICE: 6-3-666/B, "DECCAN CHAMBERS", SOMAJIGUDA, HYDERABAD - 500 082. PHONE : +91 (40) 23310168, 2331055~ +91 (40)23310561, 2331059E FAX: +91 (40) 23318366 E-MAIL: info@deccancements.com WEBSITE : www.deccancements.com

BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Scrip Code: 502137

DCL:SECY:2019 Date: zs" May 2019

National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (East) Mumbai - 400051 Trading Symbol: DECCANCE

Dear Sir,

Sub: Audited Financial Results and Final Dividend

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith enclosing the Audited Financial Results of the Company for the Quarter and Year ended 31st March 2019 and Report of Auditors' on the said Results, duly approved by the Board of Directors of the Company at its meeting held today, along with the declaration under Regulation 33(3)(d) of the said Regulations.

Further the Board of Directors recommended a final dividend of Rs. 3.75/- (75%) per equity share for the financial year ended 31st March 2019 for approval of the Shareholders at the 39th Annual General Meeting of the Company.

The meeting of the Board of Directors commenced at 11:45 A.M. and concluded at 1:25 P.M.

Kindly take the above information on record.

Thanking you,

Yours faithfully for ~EMENTS LIMITED

~ S Mishra Company Secretary

DECCAN CEMENTS LIMITED

CIN : L26942TG1979PLC002500 REGD OFFICE: 6-3-666/B. "DECCAN CHAMBERS". SOMAJIGUDA. HYDERABAD - 500 082. PHONE : +91 (40) 23310168.23310552 +91 (40) 23310561.23310599 FAX: +91 (40) 23318366 E-MAIL: info@deccancements.com WEBSITE : www.deccancements.com

Statementof AuditedFinancialResults for the Quarterand Year ended 31.03.2019
(Rs. in Lakhs except per share data)
SI No	Particulars	QuarterEnded			YearEnded
		31.03.2019	31.12.2018	31.03.2018	31.03.2019	31.03.2018
		Audited(Note S)	Unaudited	Audited(Note 5)	Audited	Audited
I	Revenue from operations	15407.28	17310.54	16364.94	65141.52	59442.25
11	Other income	430.50	198.95	63.81	987.95	395.42
III	(I + 11)Total Income	15837.78	17509.49	16428.75	66129.47	59837.67
IV	Expenses
	(a) Cost of materialsconsumed	1473.45	1703.65	1513.34	6122.88	5222.83
	(b) Excise duty	-	-	-	-	2417.33
	(c) Changes in inventoriesof finishedgoods and work-
	in-progress	(360.49)	(113.46)	359.81	231.12	687.73
	(d) Employee benefitsexpense	693.80	608.15	494.42	2628.99	2418.13
	(e) Finance costs	293.17	161.84	139.78	773.04	566.23
	(f) Depreciationand amortisationexpense	576.58	556.27	566.54	2231.21	2268.99
	(g) Power and fuel	6185.47	6657.04	5028.89	22686.62	16950.14
	(h) Freight charges	2630.44	4046.75	4551.29	16094.07	15780.32
	(i) Other expenses	1975.39	2120.48	2277.96	7856.48	7441.67
	Total expenses (IV)	13467.81	15740.72	14932.03	58624.41	53753.37
V	Profit / (loss) beforeexceptionalitems and tax(Ill - IV)	2369.97	1768.77	1496.72	7505.06	6084.30
VI	Exceptionalitems	-	-	-	-	-
VII	Profit / ( t.oss ] beforetax(V- VI )	2369.97	1768.77	1496.72	7505.06	6084.30
VIII	Tax expense
	Current tax	743.27	629.02	275.17	2571.80	1812.86
	Earlier year tax	77.61	-	-	77.61	-
	Deferred tax	242.02	(6.21)	351.45	249.66	416.51
IX	Profit / (loss) for the period(VII - VIII)	1307.07	1145.96	870.10	4605.99	3854.93
X	Other comprehensiveincome (net of tax)	3.76	-	(44.06)	3.76	(44.06)
XI	(IX + X)Total comprehensiveincome for the period	1310.83	1145.96	826.04	4609.75	3810.87
XII	Paid-up equity share capital	700.38	700.38	700.38	700.38	700.38
XIII	Earning Per share (Face value of Rs.5 /- each)
	(a) Basic	9.33	8.18	6.21	32.88	27.52
	(b) Diluted	9.33	8.18	6.21	32.88	27.52

Notes:

1 The above results for the quarter and year ended 31st March 2019 were reviewed by the Audit Committee and approved by the Board of

Directors of the Company at their meeting held on 28 May 2019. The Statutory Auditors have expressed an unmodified audit opinion.

2 The Board of Directors of the Company have recommended final dividend of Rs. 3.75 per share (75%) on Equity Shares of Rs. 5/- each on 28 May 2019 for the financial year ended 31 March 2019.

3 According to the requirements of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, revenue for the year ended 31 March 2018 was reported inclusive of excise duty. Goods and Service Tax ("GST") has been implemented with effect from 1 July 2017

which replaces excise duty and other input taxes. As per Ind AS 18, the revenue for the year ended 31 March 2019 is reported net of GST.

• 4 The financial results of the Company have been prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules thereunder and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Reauirementsl. Regulations. 2015 and SEBI circular dated 5 Julv. 2016.
• 5 The figures for the quarters ended 31 March 2019 and 31 March 2018 are the balancing figures between audited figures in respect of full

financial years and the published unaudited year to date figures upto third quarter of the respective financial years.

6 Effective April 1, 2018, the Company has adopted Ind AS 115 using the cumulative effect method. The standard is applied retrospectively

only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the

statement of profit and loss. The adoption of the standard did not have any material impact on the financial statements.

• 7 The Company has one reportable segment as per the requirements of Ind AS 108 "Operating Segments".
• 8 Comparative figures have been regrouped/reclassified to conform to the current period'sfyear's presentation.

for DECCAN CEMENTS LIMITED

ftr~L P Parvathi

Managing Director

Place: Hyderabad Date : May 28 r 2019

~ ('r ~ .H . §) ~o *9

(Rs. in Lakhs )
Particulars	As at 31.03.19	As at 31.03.18
	Audited	Audited
ASSETS
Non currentassets
(a) Property,plant and equipment	33819.68	34634.03
(b) Capital work in progress	895.07	442.98
(c) Investmentproperties	200.08	202.67
(d) Intangibleassets	1401.18	1464.78
(e) Intangibleassets under development	41.50	-
(f) Financial assets
Investments	8.91	6.37
Others	191.38	191.34
(f) Other non currentassets	1689.82	940.45
Total non currentassets	38247.62	37882.62
Currentassets
(a) Inventories	6517.37	5891.52
(b) Financial assets
Trade receivables	1588.29	1340.51
Cash and cash equivalents	13080.27	7576.95
Other bank balances	46.17	43.83
Loans	8.98	19.08
Other financialassets	286.48	319.41
(c) Current tax assets (net)	209.14	284.02
(d) Other currentassets	2141.49	2601.33
Total currentassets	23878.19	18076.65
Total Assets	62125.81	55959.27
EQUITY AND LIABILITIES
Equity
(a)Equityshare capital	700.38	700.38
(b)Otherequity	39939.08	35835.94
Total equity	40639.46	36536.32
Liabilities
Non currentliabilities
(a)Financialliabilities
(i)Borrowings	2515.11	2492.46
(ii)Otherfinancialliabilities	2112.82	2118.29
(b) Other non currentliabilities	769.33	947.53
(c) Provisions	366.99	334.55
(d) Deferredtax liabilities(net)	6759.74	6510.08
Total non currentliabilities	12523.99	12402.91
Currentliabilities
(a) Financial liabilities
(i) Borrowings	2661.06	670.89
[ii] Trade payables
(A) Total outstandingdues of micro enterprisesand small
enterprises	-	-
(B) Total outstandingdues of creditorsother than micro
enterprisesand small enterprises	465.12	256.05
(iii) Other financialliabilities	756.60	430.12
(b) Other currentliabilities	4465.51	5545.95
(c) Provisions	128.21	117.03
(d) Current tax liabilities(net)	485.86	-
Total currentliabilities	8962.36	7020.04
Total equityand liabilities	62125.81	-$'Y;. ME /v ~59.27
		¥~~)<br>('r§).H

M. ANANDAM & CO., CHARTERED ACCOUNTANTS

Independent Auditor's Report on the Financial Results of Deccan Cements Limited Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of Deccan Cements Limited

• 1. We have audited the accompanying statement of financial results ('the Statement) of Deccan Cements Limited ('the Company') for the quarter and year ended 31st March, 2019, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by Circular No. CIR/CFD/FAC/62/2016 dated 5 thJuly, 2016 ('the Circular). The financial results for the quarter and year ended 3pt March, 2019 have been prepared on the basis offinancial results for the ninemonth period ended December 31,2018, the audited annual financial statements as at and for the year ended March 31, ~019, and the relevant requirements of the Regulation and the Circular, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company. Our responsibility is to express an opinion on these financial results based on our review of the financial results for the nine-month period ended December 31, 2018 which was prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (lnd AS) 34 Interim Financial Reporting, specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of the annual financial statements as at and for the year ended March 31, 20 19; and the relevant requirements of the Regulation and the Circular.
• 1. We conducted our audit in accordance with the Standards on Auditing generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatements. An audit includes examining, on a test check basis, evidence supporting the amounts disclosed in the Statement. An audit also includes assessing the accounting principles used and significant estimates made by Management. We believe that our audit provides a reasonable basis for our opinion.
  • 1. In our opinion and to the best of our information and according to the explanations given to us, the Statement

(i) is presented in accordance with the requirements of Regulation 33 ofthe SEBIRegulations, 2015 and SEBIcircular dated 5 July 2016; and

(ii) gives a true and fair view of the net profit, other comprehensive income and other financial information for the quarter and year ended 31st March 2019.

M.Anandam & Co., Chartered Accountants

1. Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31, 2019 represent the derived figures between the audited figures in respect of the financial year ended March 31, 2019 and the published year-to-date figures up to December 31, 2018, being the date of the end of the third quarter of the current financial year, which were subjected to a limited review as stated in paragraph 1 above, as required under the Regulation and the Circular.

Place: Hyderabad Date: 28.05.2019

DECCAN CEMENTS LIMITED

CIN : L26942TG1979PLC002500 REGD OFFICE: 6-3-666/B, "DECCAN CHAMBERS", SOMAJIGUDA, HYDERABAD - 500 082. PHONE : +91 (40) 23310168,23310552, +91 (40) 23310561,23310599 FAX :+91 (40)23318366 E-MAIL: info@deccancements.com WEBSITE : www.deccancements.com

Date: zs" May 2019

Declaration under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

I, P Parvathi, Managing Director of the Company having its Registered office at 'Deccan Chambers', 6-3-666/B, Somajiguda, Hyderabad - 500082 Telangana, hereby declare that, the Statutory Auditors of the Company, M/s. M Anandam & Co., Chartered Accountants (Firm Registration No. 000125S) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the Quarter and Year ended 31st March 2019.

For Deccan Cements Limited

P valt·

P Parvathi Managing Director (DIN: 00016597)