AI assistant
Dhanuka Agritech Ltd. Interim / Quarterly Report 2021
61335_rns_2020-10-30_98aedae2-608b-4267-a787-8dcfa212f37e.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
Online
Date: 30th Oct, 2020
Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G. Block, Bandra-Kurla Complex, Bandra East, Mumbai-400 051
The Department of Corporate Services-Listing BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001
Scrip Code: 507717
Symbol- DHANUKA
Sub : Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
Re : Outcome of the Board Meeting held on 30th October, 2020
Dear Sir,
Please take note that Board of Directors in its meeting held on 30th October, 2020 has inter-alia approved the following:
-
- Un-audited Standalone & Consolidated Financial Results for the Quarter and Half Year Ended on 30th September, 2020 along with Statement of Assets and Liabilities of the Company, Statement of Cash Flow as on 30th September, 2020 and the Limited Review Report(s) of Auditors thereon and same is attached herewith.
-
- To consider and review the Related Party Transactions entered by the Company during the Quarter and Half Year ended 30th September, 2020;
-
- To take note of shifting of Corporate Office and to approve for keeping and maintaining the Books of Accounts and other relevant books, papers, documents etc of the Company at the new Corporate Office of the Company at Global Gateway Tower - B, Ground and 1st Floor, M G Road, Near Dronacharya Metro Station, Gurugram -122 002, Haryana.
The Meeting of the Board of Directors commenced at 11:30 A.M. and concluded at 12:45 P.M.
Please take the above information in your record.
Thanking you,
For Dhanuka Agritech Limited
Company Secretary/Compliance Officer FCS-7612
"Dhanuka Agritech Limited. Global Gateway Towers Ground & First Floor Tower-B, Near Guru Dronacharya Metro Station MG Road, Gurugram-122002, Haryana Tel No 0124-4345000"
Registered Office: 82, Abhinash Mansion, 1" Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph.:+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124- 3838 500, E-mail: [email protected], Website: www.dhanuka.com
INDEPENDENT AUDITOR'S REPORT on the Standalone Unaudited Quarterly Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
TO THE BOARD OF DIRECTORS OF DHANUKA AGRITECH LIMITED
- We have reviewed the accompanying Statement of unaudited standalone financial results of Dhanuka Agritech $\mathbf{1}$ . Limited ("the Company") for the quarter ended September 30, 2020 and year to date results for the period from April 1, 2020 to September 30, 2020 ('the Statement) being submitted by the company pursuant to requirement of Regulation 33 of the SEBI (Listing obligations and Disclosure requirements) Regulations 2015 as amended. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
-
- The 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, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), 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 Statements are 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.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S.S. KOTHARI MEHTA & COMPANY
EHTA
Chartered Accountants Firm Reg. No. 000756N
Yogesh K. Gupta
Partner Membership No.093214 UDIN: 20093214AAAADS4079
Place: Delhi Date: October 30, 2020 Independent Auditor's Review Report on review on Consolidated unaudited Quarterly Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
SS KOTHARI MEHTA
& COMPANY CHARTERED ACCOUNTANTS
TO THE BOARD OF DIRECTORS OF DHANUKA AGRITECH LIMITED
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Dhanuka Agritech Limited ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), for the quarter ended September 30, 2020 and year to date results for the period from April 1, 2020 to September 30, 2020 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 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. 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.
We also performed procedures in accordance with the circular issued by the SEBI under Requlation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable
- The Statement includes the results of the following entities:
Subsidiary:
Dhanuka Agri-solutions Pvt. Ltd. $\mathsf{a}$ .
- Based on our review conducted and procedures performed as stated in paragraph 3 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
SS KOTHARI MEHTA
& COMPANY CHARTERED ACCOUNTANTS
- The consolidated unaudited financial results includes the interim financial results of the subsidiary which have not been reviewed by their auditors, whose interim financial results reflects total assets of Rs. 0.08 lacs as at September 30, 2020 and total revenue of Rs. Nil and Rs. Nil, total net profit/(loss) after tax of Rs. Nil and Rs. Nil and total comprehensive income/(loss) of Rs. Nil and Rs. Nil for the quarter ended September 30, 2020 and for the period from April 1, 2020 to September 30, 2020 respectively and cash flows (net) of Rs. Nil for the period from April 1, 2020 to September 30, 2020, as considered in the unaudited consolidated financial results of the Group. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group.
Our review report is not modified in respect of this matter.
Chartered Accountants $\approx$ MEHTA Firm Reg. No.: 000756N NEW DELH Yogesh K. Gupta
For S.S. KOTHARI MEHTA & COMPANY
Partner Membership No.: 093214 UDIN: 20093214AAAADT9903
Place: Delhi Date: October 30, 2020
nanuka AN ISO 9001 : 2015 COMPANY
| STATEMENT OF UNAUDITED STANDALUNE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020 | |||||||
|---|---|---|---|---|---|---|---|
| $($ ₹ In Lacs) | |||||||
| Quarter Ended | Half Year Ended | Year Ended | |||||
| S.No Particulars | 30.09.2020 | 30.06.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Revenue from Operations | 44,239.41 | 37,384.68 | 40,203.40 | 81,624.09 | 62,101.16 | 112,007.08 | |
| $\mathbf{H}$ | Other income | 822.44 | 736.40 | 480.55 | 1,558.84 | 857.44 | 2,508.84 |
| III | Total Revenue (I+II) | 45,061.85 | 38,121.08 | 40,683.95 | 83,182.93 | 62,958.60 | 114,515.92 |
| IV | Expenses | ||||||
| a) | Cost of materials consumed | 26,347.84 | 20,557.98 | 15,825.87 | 46,905.82 | 30,870.37 | 58,244.88 |
| b) | Purchase of Stock In Trade | 5,491.95 | 3,849.66 | 5,699.05 | 9,341.61 | 9,315.14 | 14,060.05 |
| $\mathcal{C}$ | Changes in inventories of finished goods, work-in progress | ||||||
| and Stock In Trade | (4,411.02) | 163.17 | 4,594.06 | (4,247.85) | 367.22 | (1, 135.83) | |
| d | Employee benefit expenses | 3,390.65 | 3,137.60 | 3,109.87 | 6,528.25 | 5,464.97 | 10,522.81 |
| e) | Finance costs | 28.07 | 27.40 | 59.24 | 55.47 | 80.30 | 155.69 |
| f) | Depreciation and amortisation expense | 322.26 | 315.54 | 573.72 | 637.80 | 842.21 | 1,635.89 |
| q) | Other expenses | 4,521.57 | 3,148.00 | 3,636.10 | 7,669.57 | 6,748.22 | 12,968.23 |
| Total Expenses | 35,691.32 | 31,199.35 | 33,497.91 | 66,890.67 | 53,688.43 | 96,451.72 | |
| $\mathbf v$ | Profit/(Loss) Before Exceptional Items and Tax (III-IV) | 9,370.53 | 6,921.73 | 7,186.04 | 16,292.26 | 9,270.17 | 18,064.20 |
| VI | Exceptional items | ||||||
| VII | Profit/(Loss) Before Tax (V-VI) | 9,370.53 | 6,921.73 | 7,186.04 | 16,292.26 | 9,270.17 | 18,064.20 |
| VIII | Tax expenses | ||||||
| a) | Current Tax | 2,339.85 | 1,719.36 | 1,630.25 | 4,059.21 | 2,361.34 | 4,604.46 |
| b) | Tax of earlier year provided / (written back) | ||||||
| C) | Deferred Tax | 22.12 | 23.29 | (444.07) | 45.41 | (570.26) | (686.76) |
| IX | Profit/(loss) for the period (VII-VIII) | 7,008.56 | 5,179.08 | 5,999.86 | 12,187.64 | 7,479.09 | 14,146.50 |
| x | Other Comprehensive Income | ||||||
| $\overline{A}$ | (i) Items that will not be reclassified to profit or loss | (100.00) | (100.00) | (15.00) | (200.00) | (30.00) | (371.62) |
| (ii) Income tax relating to items that will not be reclassified to | |||||||
| profit or loss | $\overline{\phantom{a}}$ | ٠ | |||||
| B | (i) Items that will be reclassified to profit or loss | S. | u, | a. | |||
| (ii) Income tax relating to items that will be reclassified to | |||||||
| profit or loss | × | ||||||
| Total Other Comprehensive Income /(Loss) for the period | (100.00) | (100.00) | (15.00) | (200.00) | (30.00) | (371.62) | |
| XI | Total Comprehensive Income for the period (IX+X) | 6,908.56 | 5,079.08 | 5,984.86 | 11,987.64 | 7,449.09 | 13,774.88 |
| XII | Paid-up equity share capital [Face value of ₹ 2 per share] | 951.57 | 951.57 | 951.57 | 951.57 | 951.57 | 951.57 |
| XIII | Other Equity as per audited Balance Sheet | 69,818.19 | |||||
| XIV | Earning per share* (in $\bar{x}$ ) | ||||||
| a) | Basic EPS | 14.73 | 10.89 | 12.61 | 25.62 | 15.72 | 29.73 |
| b) | Diluted EPS | 14.73 | 10.89 | 12.61 | 25.62 | 15.72 | 29.73 |
See accompanying notes to the financial results
Que
*Actuals for the quarter and half year not annualised
GF ÷
Registered Office: 82, Abhinash Mansion, 1"Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph.:+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124-3838 500, E-mail: [email protected], Website: www.dhanuka.com
nanu AN ISO 9001 : 2015 COMPANY
$&\lambda$
а
| Particulars | As at | |
|---|---|---|
| Sep 30,2020 | Mar 31,2020 | |
| (Unaudited) | (Audited) | |
| Assets | ||
| Non-current assets$\mathbf{1}$ | ||
| a Property, Plant and Equipment | 11,102.40 | 11,510.89 |
| b Capital work in progress | 405.84 | 366.94 |
| c Other Intangible assets | 212.00 | 234.22 |
| d Financial Assets | ||
| i) Investments | 11,626.87 | 9,914.81 |
| ii) Loans | 614.26 | 389.65 |
| iii) Other financial assets | 3,224.07 | 2,217.54 |
| e Other non-current assets | 2,449.23 | 1,960.40 |
| Total Non-Current assets | 29,634.67 | 26,594.45 |
| Current assets$\overline{2}$ | ||
| a Inventories | 30,078.19 | 24,985.70 |
| b Financial Assets | ||
| i) Investments | 15,939.81 | 5,971.91 |
| ii) Trade receivables | ||
| iii) Cash and cash equivalents | 35,125.71 | 24,240.86 |
| iv) Bank balances other than (iii) above | 315.22 | 2,522.47 |
| 106.37 | 106.37 | |
| v) Loans | 2,805.73 | 3,144.67 |
| vi) Other financial assets | 4,387.60 | 1,214.69 |
| c Current Tax Assets (Net) | 457.15 | |
| d Other current assets | 3,216.55 | 3,992.95 |
| Total Current assets | 91,975.18 | 66,636.77 |
| Total Assets | 121,609.85 | 93,231.22 |
| EQUITY AND LIABILITIES | ||
| Equity$\mathbf{1}$ | ||
| a Equity Share Capital | 951.57 | 951.57 |
| b Other Equity | 81,805.83 | 69,818.19 |
| Total equity | 82,757.40 | 70,769.76 |
| LIABILITIES | ||
| Non-current liabilities$\overline{2}$ | ||
| a Financial Liabilities | ||
| i) Other financial liabilities | 1,576.94 | 1,600.38 |
| b Provisions | 568.85 | 568.85 |
| c Deferred tax liabilities (Net) | 579.31 | 533.91 |
| Total non-current liabilities | 2,725.10 | 2,703.14 |
| $\mathcal{F}_{\mathcal{A}}$ | ||
| Current liabilities | ||
| a Financial Liabilities | ||
| i) Borrowings | 494.73 | 798.49 |
| ii) Trade payables | ||
| a) total outstanding dues of micro enterprises and small enterprises | 607.59 | 693.34 |
| b)total outstanding dues of creditors other than micro enterprises and small enterprises | ||
| iii) Other financial liabilities | 14,720.58 | 10,627.76 |
| b Other current liabilities | 17,333.20 | 5,993.80 |
| c Provisions | 1,534.11 | 1,619.35 |
| 25.58 | 25.58 | |
| d Current Tax Liabilities (Net)Total current liabilities | 1,411.5636,127.35 | 19,758.32 |
GF YKI
Registered Office: 82, Abhinash Mansion, 1"Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph.:+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124-3838 500, E-mail: [email protected], Website: www.dhanuka.com
AN ISO 9001 : 2015 COMPANY
as
| PARTICULARS | Half Year Ended | Year Ended | ||
|---|---|---|---|---|
| Sep 30,2020 | Sep 30,2019 | Mar 31,2020 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| Α. | CASH FLOW FROM OPERATING ACTIVITIES | |||
| Profit / (Loss) Before Tax | 16,292.26 | 9,270.17 | 18,064.20 | |
| Adjustments for: | ||||
| Depreciation, amortization and impairment expenses | 637.80 | 842.21 | 1,635.89 | |
| Net (Gain)/Loss on Sale of Property, Plant and Equipment | (0.20) | (7.33) | ||
| Finance Costs | 55.47 | 80.30 | ||
| Interest Income | (655.92) | 155.69 | ||
| Dividend Income from Investments | (484.20) | (1, 124.69) | ||
| Net (Gain)/Loss on Sale of Investments | (92.06) | (291.10) | ||
| Net (Gain)/Loss on Investments measured at fair value through profit or loss | (119.37) | (40.47) | (83.58) | |
| (506.26) | (210.28) | (380.77) | ||
| Allowance for Bad and Doubtful debts & Advances | 148.12 | 46.60 | 450.06 | |
| Liabilities No Longer Required, Written Back | (1.65) | (2.24) | (249.53) | |
| Forex Fluctuation on Translation of Assets & Liabilities | (209.81) | 47.98 | 109.36 | |
| Operating Profit/(loss) before Working Capital changes | 15,640.44 | 9,450.68 | 18,276.62 | |
| (Increase) / Decrease in Trade Receivables | (10, 920.48) | (11, 752.53) | (2,504.32) | |
| (Increase) / Decrease in Current financial assets - Loans | 226.45 | 186.29 | (56.25) | |
| (Increase) / Decrease in Non Current financial assets - Loans | (224.61) | (201.14) | (160.78) | |
| (Increase) / Decrease in Other Current financial assets* | (570.98) | 1,413.07 | 5,329.22 | |
| (Increase) / Decrease in Other Non Current financial assets | 32.88 | |||
| (Increase) / Decrease in Other Current assets | 776.40 | |||
| (Increase) / Decrease in Other Non Current assets | 263.89 | (1,563.10) | ||
| (Increase)/Decrease in Inventories | 24.15 | 33.97 | 12.39 | |
| (5,092.49) | (1, 540.99) | (4,302.69) | ||
| Increase / (Decrease) in Trade Payables | 4,217.45 | 4,476.14 | 3,702.51 | |
| Increase / (Decrease) in Other Current Financial Liabilities | 11,250.17 | 2,140.59 | 1,431.36 | |
| Increase / (Decrease) in Other Non Current Financial Liabilities | (14.27) | (183.29) | 57.10 | |
| Increase / (Decrease) in Other Current Provisions | (1.97) | |||
| Increase / (Decrease) in Other Non Current Provisions | (170.15) | (45.75) | ||
| Increase / (Decrease) in Other Current Liabilities | (84.16) | (802.06) | (362.39) | |
| Increase / (Decrease) in Other Non Current Liabilities | ||||
| Cash generated (used) in /from Operations before tax | 15,228.07 | 3,314.47 | 19,844.83 | |
| Net Direct Taxes paid (Net of Refunds) | (2, 190.50) | (1,322.60) | ||
| Net cash flow (used) in/ from Operating Activities | 13,037.57 | 1,991.87 | (3,634.67) | |
| CASH FLOW FROM INVESTING ACTIVITIES | 16,210.16 | |||
| Acquisition of Property, Plant and Equipment (Including Adjustment on account of | ||||
| Intangible Assets, Capital work in Progress, Capital Creditors and Capital Advances) | (738.59) | |||
| Proceeds from sale of Property, Plant and Equipment | (745.90) | (1, 371.95) | ||
| Loan Given to Corporate and Other | 0.28 | 17.02 | 333.48 | |
| Repayment of Loan Given to Corporate and Other | (4,500.00) | |||
| Investment in Bank Deposits | 2,600.00 | 4,600.00 | ||
| (3,506.53) | (6.45) | (1,265.98) | ||
| Purchase and sale of Investments (Net) | (11,054.34) | (2,062.14) | (3,614.74) | |
| Interest Received | 553.98 | 414.06 | 1,096.12 | |
| Dividend Income from Investments | 92.06 | 291.10 | ||
| Net cash flow (used) in/ from Investing Activities | (14,745.20) | 308.65 | (4,431.97) | |
| Net cash (used) in/ from Operating and Investing Activities | (1,707.63) | 2,300.52 | 11,778.19 | |
| CASH FLOW FROM FINANCING ACTIVITIES | ||||
| Short Term Borrowings (Net) | (303.76) | (1, 516.53) | ||
| Payment of Principal portion of Lease Liabilities | (1, 422.76) | |||
| Payment of Dividend | (140.39) | (275.13) | (495.62) | |
| Taxes on Dividend | (285.47) | (5,994.87) | ||
| Interest Paid | (58.68) | (1, 232.27) | ||
| (55.47) | (80.30) | (155.69) | ||
| Net cash (used) in/ from Financing Activities | (499.62) | (2,216.11) | (9,301.21) | |
| Net cash (used) in/ from Operating, Investing & Financing Activities | (2,207.25) | 84.41 | 2,476.98 | |
| Opening balance of Cash and Cash equivalent | 2,522.47 | 45.49 | 45.49 | |
| Closing balance of Cash & Cash equivalent | 315.22 | 129.90 | 2,522.47 | |
| Note: Cash and cash equivalents included in the Cash Flow Statement comprise of the following | ||||
| i) Cash Balance on Hand | ||||
| ii) Balance with Banks: | 150.24 | 124.33 | 102.10 | |
| -In Current Accounts | 164.98 | 5.57 | 216.29 | |
| -In Fixed Deposits | 2,201.54 | |||
| - Cheques in hand | 2.54 | |||
| Total | 315.22 | 129.90 | 2,522.47 |
CIN: L24219DL1985PLC020126
$1KJ$
AN ISO 9001 : 2015 COMPANY
- Notes:
- The above Unaudited Financial Results were reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their Meeting held $\mathbf{1}$ on 30th October, 2020. The statutory auditors of the company have conducted a "Limited Review" of the above financial results for the quarter and half year ended 30th September, 2020.
- Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies $\overline{2}$ (Indian Accounting Standards) Rules, 2015 as amended from time to time.
- 3 The demand of Company's products depends on monsoon, pest infestation and crop patterns. Hence there may be variations in the Results from one period to another period.
- The Company has only one reportable Business segment viz. "Agro Chemicals" $\overline{4}$
- 5 The Board of Directors of the Company in its meeting held on 22nd July, 2020, have approved the proposal for Buy Back of 10,00,000 (Ten Lakhs Only) Equity Shares of the Company for an amount not exceeding Rs. 100 Crores (Rupees One Hundred Crore only) excluding transaction costs at a maximum price not exceeding Rs. 1000/-(Rupees One Thousand only) per Equity Share, which was further approved by the Shareholders at the 35th Annual General Meeting of the Company held on 15th September, 2020. The Buy Back Committee in its meeting held on 16th September, 2020 determined the Buy Back Price of ₹ 1,000/- (Rupees One Thousand only) per Equity Share.
Pursuant to above, Offer for Buy Back of Equity Shares of Company is open from 20th October, 2020 to 3rd November, 2020 through tender offer route. Post completion of offer period, all the formalities including extinguishment of shares will be completed in terms of SEBI (Buy Back of Securities) Regulations, 2018 and the Companies Act, 2013 and same shall be accounted for in the quarter ended 31st December, 2020.
- The previous period figures have been regrouped/ rearranged/ reclassified wherever necessary.The Results can also be viewed at our website www.dhanuka.com and on the website of BSE & NSE where the Company's shares are lis and www.nseindia.com respectively. Any query from investors can be sent on email at [email protected]
Place: Gurugram (Haryana) Dated: 30th October, 2020
Rot
For Dhanuka Agritech Ltd. $\leq$ AGR (M.K. Dhanuka) Managing Director DIN: 0628039
onanu AN ISO 9001 : 2015 COMPANY
Œ
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020
| $($ T n Lacs) | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ended | Half Year Ended | Year Ended | |||||
| S.No Particulars | 30.09.2020 | 30.06.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Revenue from Operations | 44,239.41 | 37,384.68 | 40,203.40 | 81,624.09 | 62,101.16 | 112,007.08 | |
| $_{\rm II}$ | Other income | 822.44 | 736.40 | 480.55 | 1,558.84 | 857.44 | 2,508.84 |
| III | Total Revenue (I+II) | 45,061.85 | 38,121.08 | 40,683.95 | 83,182.93 | 62,958.60 | 114,515.92 |
| IV | Expenses | ||||||
| a) | Cost of materials consumed | 26,347.84 | 20,557.98 | 15,825.87 | 46,905.82 | 30,870.37 | 58,244.88 |
| b) | Purchase of Stock In Trade | 5,491.95 | 3,849.66 | 5,699.05 | 9,341.61 | 9,315.14 | 14,060.05 |
| $\mathcal{C}$ | Changes in inventories of finished goods, work-in progress | ||||||
| and Stock In Trade | (4,411.02) | 163.17 | 4,594.06 | (4,247.85) | 367.22 | (1, 135.83) | |
| ď | Employee benefit expenses | 3,390.65 | 3,137.60 | 3,109.87 | 6,528.25 | 5,464.97 | 10,522.81 |
| $\epsilon$ | Finance costs | 28.07 | 27.40 | 59.24 | 55.47 | 80.30 | 155.69 |
| f) | Depreciation and amortisation expense | 322.26 | 315.54 | 573.72 | 637.80 | 842.21 | 1,635.89 |
| $\alpha$ | Other expenses | 4,521.57 | 3,148.00 | 3,636.10 | 7,669.57 | 6,759.84 | 12,979.88 |
| Total Expenses | 35,691.32 | 31,199.35 | 33,497.91 | 66,890.67 | 53,700.05 | 96,463.37 | |
| v | Profit/(Loss) Before Exceptional Items and Tax (III-IV) | 9,370.53 | 6,921.73 | 7,186.04 | 16,292.26 | 9,258.55 | 18,052.55 |
| VI | Exceptional items | $\sim$ | |||||
| VII | Profit/(Loss) Before Tax (V-VI) | 9,370.53 | 6,921.73 | 7,186.04 | 16,292.26 | 9,258.55 | 18,052.55 |
| VIII | Tax expenses | ||||||
| a) | Current Tax | 2,339.85 | 1,719.36 | 1,630.25 | 4,059.21 | 2,361.34 | 4,604.46 |
| b) | Tax of earlier year provided / (written back) | ||||||
| $\mathcal{C}$ | Deferred Tax | 22.12 | 23.29 | (444.07) | 45.41 | (570.26) | (686.76) |
| IX | Profit/(loss) for the period (VII-VIII) | 7,008.56 | 5,179.08 | 5,999.86 | 12,187.64 | 7,467.47 | 14,134.85 |
| X | Other Comprehensive Income | ||||||
| $\overline{A}$ | (i) Items that will not be reclassified to profit or loss | (100.00) | (100.00) | (15.00) | (200.00) | (30.00) | |
| (ii) Income tax relating to items that will not be reclassified to | (371.62) | ||||||
| profit or loss | |||||||
| $\blacksquare$ | $\overline{\phantom{a}}$ | ÷. | |||||
| B | (i) Items that will be reclassified to profit or loss | ۳ | $\blacksquare$ | ۰ | $\blacksquare$ | ÷. | |
| (ii) Income tax relating to items that will be reclassified to | |||||||
| profit or loss | |||||||
| Total Other Comprehensive Income /(Loss) for the period | (100.00) | (100.00) | |||||
| XI | Total Comprehensive Income for the period (IX+X) | 6,908.56 | (15.00) | (200.00) | (30.00) | (371.62) | |
| XII | Paid-up equity share capital [Face value of ₹ 2 per share] | 951.57 | 5,079.08951.57 | 5,984.86 | 11,987.64 | 7,437.47 | 13,763.23 |
| XIII | Other Equity as per audited Balance Sheet | 951.57 | 951.57 | 951.57 | 951.57 | ||
| XIV | Earning per share* (in $\bar{x}$ ) | 69,806.54 | |||||
| a) | Basic EPS | 14.73 | |||||
| 10.89 | 12.61 | 25.62 | 15.69 | 29.71 | |||
| b) | Diluted EPS$\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ | 14.73 | 10.89 | 12.61 | 25.62 | 15.69 | 29.71 |
See accompanying notes to the financial results
*Actuals for the quarter and half year not annualised
GR ÷
Registered Office: 82, Abhinash Mansion, 1"Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph.:+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124- 3838 500, E-mail: [email protected], Website: www.dhanuka.com
dhanuka AN ISO 9001 : 2015 COMPANY
| Particulars | As at | |
|---|---|---|
| Sep 30,2020 | Mar 31,2020 | |
| IAssets | (Unaudited) | (Audited) |
| Non-current assets$\mathbf{1}$ | ||
| a Property, Plant and Equipment | 11,102.40 | 11,510.89 |
| b Capital work in progress | 405.84 | 366.94 |
| c Other Intangible assets | 212.00 | 234.22 |
| d Financial Assets | ||
| i) Investments | 11,626.78 | 9,914.72 |
| ii) Loans | 602.70 | 378.09 |
| iii) Other financial assets | 3,224.07 | 2,217.54 |
| e Other non-current assets | 2,449.23 | 1,960.40 |
| Total Non-Current assets | 29,623.02 | 26,582.80 |
| Current assets2 | ||
| a Inventories | ||
| b Financial Assets | 30,078.19 | 24,985.70 |
| i) Investments | ||
| ii) Trade receivables | 15,939.81 | 5,971.91 |
| iii) Cash and cash equivalents | 35,125.71 | 24,240.86 |
| iv) Bank balances other than (iii) above | 315.30 | 2,522.55 |
| v) Loans | 106.37 | 106.37 |
| vi) Other financial assets | 2,805.73 | 3,144.67 |
| c Current Tax Assets (Net) | 4,387.60 | 1,214.69 |
| d Other current assets | 457.15 | |
| Total Current assets | 3,216.55 | 3,992.95 |
| Total Assets | 91,975.26121,598.28 | 66,636.8593,219.65 |
| EQUITY AND LIABILITIESEquitya Equity Share Capital | 951.57 | |
| b Other Equity | 81,794.18 | |
| Total equity | 82,745.75 | |
| LIABILITIES | ||
| Non-current liabilities | ||
| a Financial Liabilities | ||
| i) Other financial liabilities | ||
| b Provisions | 1,576.94 | |
| c Deferred tax liabilities (Net) | 568.85 | |
| Total non-current liabilities | 579.31 | |
| 2,725.10 | ||
| Current liabilities | ||
| a Financial Liabilities | ||
| i) Borrowings | 494.73 | |
| ii) Trade payables | ||
| a) total outstanding dues of micro enterprises and small enterprises | 607.59 | |
| b)total outstanding dues of creditors other than micro enterprises and small enterprises | 14,720.58 | |
| iii) Other financial liabilities | 17,333.20 | |
| b Other current liabilities | 1,534.19 | 951.5769,806.5470,758.111,600.38568.85533.912,703.14798.49693.3410,627.765,993.881,619.35 |
| c Provisions× | 25.58 | |
| II$\mathbf{1}$$\mathbf{2}$3· d Current Tax Liabilities (Net)Total current liabilities | 1,411.5636,127.43 | 25.5819,758.40 |
AGR ń
Registered Office : 82, Abhinash Mansion, 1ª Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph. :+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124- 3838 500, E-mail: [email protected], Website: www.dhanuka.com
dhanuka AN ISO 9001 : 2015 COMPANY
8xx
| PARTICULARS | CONSOLIDATED UNAUDITED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2020Half Year Ended | ||
|---|---|---|---|
| Sep 30,2020 | Sep 30,2019 | Year Ended | |
| (Unaudited) | Mar 31,2020 | ||
| CASH FLOW FROM OPERATING ACTIVITIES | (Unaudited) | (Audited) | |
| Profit / (Loss) Before Tax | |||
| Adjustments for: | 16,292.26 | 9,258.55 | 18,052.55 |
| Depreciation, amortization and impairment expenses | |||
| 637.80 | 842.21 | 1,635.89 | |
| Net (Gain)/Loss on Sale of Property, Plant and Equipment | (0.20) | (7.33) | |
| Finance Costs | 55.47 | 80.30 | 155.69 |
| Interest Income | (655.92) | (484.20) | (1, 124.69) |
| Dividend Income from Investments | (92.06) | (291.10) | |
| Net (Gain)/Loss on Sale of Investments | (119.37) | (40.47) | (83.58) |
| Net (Gain)/Loss on Investments measured at fair value through profit or loss | (506.26) | (210.28) | (380.77) |
| Allowance for Bad and Doubtful debts & Advances | 148.12 | 46.60 | 450.06 |
| Liabilities No Longer Required, Written Back | (1.65) | (2.24) | (249.53) |
| Forex Fluctuation on Translation of Assets & Liabilities | (209.81) | 47.98 | 109.36 |
| Operating Profit/(loss) before Working Capital changes | 15,640.44 | 9,439.06 | 18,264.97 |
| (Increase) / Decrease in Trade Receivables | (10, 920.48) | (11, 752.53) | |
| (Increase) / Decrease in Current financial assets - Loans | 226.45 | (2,504.32) | |
| (Increase) / Decrease in Non Current financial assets - Loans | 186.29 | (56.25) | |
| (Increase) / Decrease in Other Current financial assets* | (224.61) | (201.14) | (160.78) |
| (Increase) / Decrease in Other Non Current financial assets | (570.98) | 1,413.07 | 5,329.22 |
| (Increase) / Decrease in Other Current assets | 32.88 | ||
| 776.40 | 263.89 | (1, 563.10) | |
| (Increase) / Decrease in Other Non Current assets | 24.15 | 43.39 | 21.81 |
| (Increase)/Decrease in Inventories | (5,092.49) | (1,540.99) | (4,302.69) |
| Increase / (Decrease) in Trade Payables | 4,217.45 | 4,476.14 | 3,702.51 |
| Increase / (Decrease) in Other Current Financial Liabilities | 11,250.17 | 2,140.59 | 1,431.39 |
| Increase / (Decrease) in Other Non Current Financial Liabilities | (14.27) | (183.29) | 57.10 |
| Increase / (Decrease) in Other Current Provisions | |||
| Increase / (Decrease) in Other Non Current Provisions | (170.15) | (45.75) | |
| Increase / (Decrease) in Other Current Liabilities | (84.16) | (802.06) | (362.39) |
| Increase / (Decrease) in Other Non Current Liabilities | |||
| Cash generated (used) in /from Operations before tax | 15,228.07 | 3,312.27 | 19,842.63 |
| Net Direct Taxes paid (Net of Refunds) | (2, 190.50) | ||
| Net cash flow (used) in/ from Operating Activities | 13,037.57 | (1, 322.60) | (3,634.67) |
| CASH FLOW FROM INVESTING ACTIVITIES | 1,989.67 | 16,207.96 | |
| Acquisition of Property, Plant and Equipment (Including Adjustment on account of | |||
| Intangible Assets, Capital work in Progress, Capital Creditors and Capital Advances) | |||
| Proceeds from sale of Property, Plant and Equipment | (738.59) | (745.90) | (1, 371.95) |
| Loan Given to Corporate and Other | 0.28 | 17.02 | 333.48 |
| Repayment of Loan Given to Corporate and Other | (4,500.00) | ||
| 2,600.00 | 4,600.00 | ||
| Investment in Bank Deposits | (3,506.53) | (6.45) | (1,265.98) |
| Purchase and sale of Investments (Net) | (11,054.34) | (2,062.14) | (3,614.74) |
| Interest Received | 553.98 | 414.06 | 1,096.12 |
| Dividend Income from Investments | 92.06 | 291.10 | |
| Net cash flow (used) in/ from Investing Activities | (14, 745.20) | 308.65 | (4,431.97) |
| Net cash (used) in/ from Operating and Investing Activities | (1,707.63) | 2,298.32 | 11,775.99 |
| CASH FLOW FROM FINANCING ACTIVITIES | |||
| Short Term Borrowings (Net) | (303.76) | (1, 516.53) | |
| Payment of Principal portion of Lease Liabilities | (140.39) | (275.13) | (1, 422.76) |
| Payment of Dividend | (495.62) | ||
| Taxes on Dividend | (285.47) | (5,994.87) | |
| Interest Paid | (58.68) | (1, 232.27) | |
| (55.47) | (80.30) | (155.69) | |
| Net cash (used) in/ from Financing Activities | (499.62) | (2, 216.11) | (9,301.21) |
| Net cash (used) in/ from Operating, Investing & Financing Activities | (2,207.25) | 82.21 | 2,474.78 |
| Opening balance of Cash and Cash equivalent | 2,522.55 | 47.77 | 47.77 |
| Closing balance of Cash & Cash equivalent | 315.30 | 129.98 | 2,522.55 |
| Note: Cash and cash equivalents included in the Cash Flow Statement comprise of the following | |||
| i) Cash Balance on Hand | 150.31 | 124.40 | 102.17 |
| ii) Balance with Banks: | |||
| -In Current Accounts | 164.99 | 5.58 | 216.30 |
164.99 5.58 216.30 -In Fixed Deposits 2,201.54 ä, - Cheques in hand 2.54 Total 315.30 129.98 $2,522,55$ Registered Office : 82, Abhinash Mansion, 1"Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph. :+91 11 23534551 & 23534557
Ke. #
Corporate Office: 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124- 3838 500, E-mail: [email protected], Website: www.dhanuka.com
AN ISO 9001: 2015 COMPANY
Notes:
- The above Unaudited Financial Results were reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their Meeting held 1 on 30th October, 2020. The statutory auditors of the company have conducted a "Limited Review" of the above financial results for the quarter and half year ended 30th September, 2020
- The unaudited financial results of overseas non material subsidiary has been consolidated on the basis of un-reviewed financial statement prepared by the management of $\overline{2}$ the subsidiary.
- Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies 3 (Indian Accounting Standards) Rules, 2015 as amended from time to time.
- The demand of Group's products depends on monsoon, pest infestation and crop patterns. Hence there may be variations in the Results from one period to another $\overline{4}$ period.
- 5 The Group has only one reportable Business segment viz. "Agro Chemicals"
- The Board of Directors of the Company in its meeting held on 22nd July, 2020, have approved the proposal for Buy Back of 10,00,000 (Ten Lakhs Only) Equity Shares of 6 the Company for an amount not exceeding Rs. 100 Crores (Rupees One Hundred Crore only) excluding transaction costs at a maximum price not exceeding Rs. 1000/-(Rupees One Thousand only) per Equity Share, which was further approved by the Shareholders at the 35th Annual General Meeting of the Company held on 15th September, 2020. The Buy Back Committee in its meeting held on 16th September, 2020 determined the Buy Back Price of ₹ 1,000/- (Rupees One Thousand only) per Equity Share.
Pursuant to above, Offer for Buy Back of Equity Shares of Company is open from 20th October, 2020 to 3rd November, 2020 through tender offer route. Post completion of offer period, all the formalities including extinguishment of shares will be completed in terms of SEBI (Buy Back of Securities) Regulations, 2018 and the Companies Act, 2013 and same shall be accounted for in the quarter ended 31st December. 2020.Dhanuka Agri-Solutions Pvt. Ltd., Wholly Owned Subsidiary of Dhanuka Agritech Ltd. was incorporated on 17th July, 2011 and operations have not
- 7
- $\mathbf{8}$ The previous period figures have been regrouped/ rearranged/ reclassified wherever necessary.
- $\overline{q}$ The Results can also be viewed at our website www.dhanuka.com and on the website of BSE & NSE where the Company's shares are listed i.e. at www.bseindia.com and www.nseindia.com respectively. Any query from investors can be sent on email at [email protected]
For Dhanuka Agritech Ltd. $1151$ $\rightarrow$
Place: Gurugram (Haryana) Dated: 30th October, 2020
AGR
(M.K. Dhanuka) Managing Director DIN: 0628039
Registered Office: 82, Abhinash Mansion, 1st Floor, Joshi Road, Karol Bagh, New Delhi-110005, Ph.:+91 11 23534551 & 23534557 Corporate Office : 14th Floor, Building 5A, Cyber City, DLF Phase-III, Gurugram-122002, Haryana, (India), Board: +91-124-3838 500, E-mail: [email protected], Website: www.dhanuka.com CIN: L24219DL1985PLC020126