Disa India Ltd. — Interim / Quarterly Report 2022

Nov 11, 2021

Norican Group Shaping Industry

Ref: DIL/SEC/2021-22/34 Date: November 11, 2021

The Listing Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001.

Telephone no: +91 22 22721233/1234 Fax no: +91 22 2272 1919

BSE Scrip Code: 500068 Name of the Company: Disa India limited

Dear Sir,

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its Meeting held on November 11, 2021 has approved the 'Unaudited Standalone and Consolidated Financial Results' of the Company for the quarter and six months ended September 30, 2021.

In this regard, please find enclosed the following:

• (1) 'Unaudited Standalone Financial Results' and 'Unaudited Consolidated Financial Results' of the Company for the quarter and six months ended September 30, 2021.

• (2) 'Limited Review Reports' on the 'Unaudited Standalone Financial Results' and 'Unaudited Consolidated Financial Results' for the quarter and six months ended September 30, 2021 issued by M/s. Deloitte Haskins & Sells, Chartered Accountants, Statutory Auditors of the Company.

The Meeting commenced at 2.00 pm and concluded at l/- '-/<J

pm.

Kindly treat this as compliance with SEBI (LODR) Regulations, 2015.

Thanking you,

Yours sincerely, �

For DISA India Limited,

G. Prasanna Bairy

Company Secretary & Compliance Officer

DISA India Limited

Registered & Corporate Office, G'" Floor. S-604, World Trade Center (WTCI. Brigade Gateway Campus, 26/1, Or Rajkumar Road, Malleswaram-Rajajinagar, Bangalore-560 055, Karnataka, India

T, -19180 221,9 6700-0J IF, ,9180 2249 6750 If, bangalore@noricangroup.co111 W, www.noricangroup.com CIN, L85110KA1904PlC006116 I GST, 29AMCG50J0F1ZY

Regional Sales, New Delhi: dclhi@noricangroup.com Kolkata, kolkata@noricangroup.com l\me, pune@noricangroup.com Parts & Services, cdc.india@noricangroup.com

Manufacturing Facility,

Tumkur, No. 28-32, Satyamangala Industrial Aiea, Tumkur - 572104, Karnataka, India. T, •91816 6602000/01, L tumkur@noricangroup.com Mosakote, Plot no 50, KIADB Industrial Arca, Hosakotc - 562114, Karnataka, India. T, •9180 27917lll0/27971516. L hosakote@norican�rouo.com

We are Norican : DISA I ltalpresse Gauss I StrikoWestofen I Wheelabrator � \LY

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Deloitte Haskins & Sells

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INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DISA INDIA LIMITED

1. We have rcv,cwecl the ilccornp,rnyIng Slalcnwnt nf Stand<1lone Unaud1led rinanc,al Results or DISA INDIA LIMITED ("l11C' Co111p,111y"), for the quarter ;ind sax months e11dcd Septembe1 30, 2021 ("lhc Statement"). being submitted by lhe Cornp;iny pursuanl lo lhe requirement of Regulation 33 of lhe SEO! (L1sllng Obhgr1t1on� and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which Is the rcspons1b1hty of the Company·� Management and approved by the Company's Board of Directors, has been prepared 111 accordance with lhe recognIt1on and measurement pnnc,ples laid down 111 the Imlian Accounting Standard 3'1 "Interim Financial Reporting" ("Ind /\S 34"), prescribed under Section 133 or the Companies Acl, 2013 read with relevant rules issued lhereunder and olhe1 accounl1ng principles generally accepted in India. Our respons1b1hty Is to express a conclusion on the Statemenl based on our review.

3. We conducted our review of the Statement 111 accordance with the Standard on Review Engagements (SRE) 2< 0 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inqumes, primarily of the Company's personnel 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 s1gn1ficant matters that might be 1dent1fied ,n an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attcntaon that causes us to beheve that the accompany111g 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 Obl1gat1ons and Disclosure Requirements) Regulations, 2015, as amended, including Lhe manner in which It Is to be disclosed, or lhat It contains any material misstatement.

For DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Registration No 0080725)

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Monisha Parikh Partner (Membership No. 47840) UDIN:�IOLf 7')£tLVIA111[X.:21 �O

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Ahmed a bad November 11, 2021 MP/LS/2021

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DJSA INDIA LIMII ED

Regi!.locut.J Ofhoo Worltl Tr ado Cenlnr, bth noo,,Unil no S 604 Bugado Gateway CJmpus.26/1,0r Hajkumar Road,Malloswaram Ro1a1111.;1gi.Jr,U,1ngatoro �90055 E-mail b3nga[I] 0Ie�noncanyIoup com. ,..[.] ,,,1.d1�ng1oup com.Tel •91 00 22496700 ,Fox; •91 00 2249 6750, CIN L0.51 IOKA 1984PLCOOO 116 STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2021

													(Rs. In Million
	- --								Year to date			Year to date
Sr. No	Particulars		3	months	ended	Preceding 3 months ended	Corresponding 3 months ended In the previous year		figures for current period ended		figures for previous period ended		Previous year ended
				30/09/2021		30/06/2021		30/09/2020	30/09/2021			30/09/2020	31/03/2021
1	---- a) Revenue from operalions			Unaudited 669.9		Unaudtted 367.4		Unaudtted 478 4	Unaudited - 1,037.3			Unaudited 7512	Audited 1,775.1
2	bl Olher Income Total revenue (a+bl -- Expenses (a) Cosl of rnmerials consumed (b) Purchase of sloci< in trade (c) Changes In Inventories of fw,ished goods, s1ock-ln-lrade and work-in-progress (d) Employee benefils expense (e) Finance costs (f)Depreciationandamortisation expens	--	__ .., ---		27.8 697.7 394.7 611 (84.8) 88.0 1 6 8.3	24.1 .� ..... 178.4 47.5 (45 3) 91.5 1 5 8.7		� � 164.2 29.8 70.3 79.6 0.8 8 5	'-	51.9 1 089.2 573 l 108.6 (130 1) 179.5 3 1 17.0		. ____111. 792.5 247 8 412 145 8 158.0 1.6 17.7	� 1,070.1 654.7 159.5 196.0 311.1 3.9 37.4
3	(g) Olher ex�enses --- Total cxnenses-- - Profit before tax (1·2)	-- -		_	68.0 536.9 160.8	54.1 J36.4 65.1	..	� 397.8 100.7	�-	_!1ll 873.J 216.9 �		� _ 695.3 97.2	191.9 1,��::
4	Tax expenses
	(a) Curren! lax				41 8	**14.G **		25.9		**56.4 **		25.9	81 I
	(bl Deferred lax Total tax exoense				41.8	/0.31 14.3		0.4 26.3		C0.31 66.1		10.51 26.4	(1.ll 80.0
5	Prom after tax 13-4)				**119.0 **	40.0		74.4		159.0		71.8	235.6
6	Other ComprehensiveIncome (net or tax)
	Hems thal will nol be reclassified to profit and loss				0.9	0.8		(0.3)		1.7		(0.5)	**3.2 **
7	Total Comprehensive Income 15♦6)				119.9	41.6		74.1		161.5		71.3	238.8
8	Paid up equtty share capttal (Rs.10 each)				**14.5 **	**14.5 **		**14.5 **		**14.5 **		**14.5 **	14.5
9 10	Reserve excluding revaluation reserves Earnings per equily share (face vakIe of Rs.10/· each) (nol annualised)												1,060.9
	Basic and diluted • Rs.				81.83	28.06		51.16		109.89		49.37	162.01
11 � . �- (':.;;� tClll\fiTf.RE0 r jAC(:OUNYANTS r- ,:> <%> * ·�t �l.:J'fii�� ..._I_1\�,,•

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Notes

1	Unaudited Sta111Jalo11c Statement or Assct: and L ial11hhcsasatScptc111br30,2021 ~~-~~ ~~----~~ --- lHs. 111 Million)	Unaudited Sta111Jalo11c Statement or Assct: and L ial11hhcsasatScptc111br30,2021 ~~-~~ ~~----~~ --- lHs. 111 Million)	Unaudited Sta111Jalo11c Statement or Assct: and L ial11hhcsasatScptc111br30,2021 ~~-~~ ~~----~~ --- lHs. 111 Million)
A - 2	Particulars ASSETS -- Non-current as:ets (a) Property, plant and equipment (b) Capital work in progress (c) Investment proprty (d) Hight of use assets (e) Other int:ngible assets (I) r,n�nral a:;sets (') Investments In subsidIrny company (b) Other fnancial assets (g) Defrred tax assts (Net) �Other non-currentassets Sub-total non-currentassets CurmntAsset (a) Inventories (h) Im:mrialD" �ts (,1)lrac,·,.ciiv.I,I (bl Cash and csh equivalents (c) Bank balance0U1er U1an (b) above (d) Loans (e) Olhe1 financial assets (c) Current tax assets (Net) Id) Other current assets Sub-total current assets TOTALASSETS	A" at 30/0912021 Unaudited ----- 132 0 25 6 2 6 :JB.9 1 0 '4 0 7.3 6.7 27.0 - ,__ 285.1 564 :1 :J55.I 23.5 1,828 3 26 0 70 0 13 0 83.3 2,964.3 As at 31/03/2021 Audited - - � 1420 2.6 55 5 14 44 0 136 5 6.9 8.0 396.9 ;I !, ll!H 84.2 1,595 7 26 0 60.7 31.5 54.1 2,324.1
		3249.4	2,721.0
B 1	EQUITY AND LIABILITIES Equity (a) Equity share capital (bl Other eauilv	14.5 2 008.0	14.5 1 860.9
	Sub-totalequitv	2,022.5	1,875.4
2	Non-current liabilities (a) Non-current financial liabilities (a) Lease liabilities	33.8	49.7
	Sub-total non-current liabilities	33.8	49.7
3	Current Liabilities (a) Financial liabilities (a) Trade payables (A) Total outstanding dues of micro enterprises and small enterprises (B) Total outstanding dues of creditor other than micro enterprises and small enterprises (b) Lease liabilities (c) Other current financial liabilities (b) Provisions (c) Current tax liabilities (net) /dl Other current liabilities	155.0 297.3 8.1 15.3 37.8 14.1 665.5	75.7 141.6 7.7 20.6 32.7 14.1 503.5
	Sub-totalcurrentliabilities	1,193.1	795.9
	TOTAL EQUITY AND LIABLIIES	**3,249.4 **	2,721.0

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1. Unaudited Standalone Statement of Cash Flows for the period ended September 30, 2021

					Rs Million
Particulars			For the period ended	For the period ended
			September 30,2021	September 30, 2020
/. CASH FLOW FROM OPERATING ACTIVITIES
Prom before tax			215 9		97 2
Adjustmenls ror
Depreciation and amortisnlion expense			I7.0		17.7
finance costs			3 1		IG
Profit on sale or properly, plant and equipment			(0 5)		0.1
Interest income			(45 7)		(:J7.9)
Bad trade receivables written off					0.2
Provision for doubtful trade receivablPS			2 2		0.2
Rental income			(1.2)		(0.7)
Net unrealised exchange gainsl(losses)			(I 9)		1.4
Re-measurement or gains on defined benefit plans Operating profit before changes in working cpital			2.2 191.1		(0.7) 79.1
f hang es In working capital
Adjustmants for (increase)/clr ·rease in non-currentassets:
Other financial assets			(0 4)		(0.3)
Other non-current assets			0.5		0.8
Adjustments for (lncrease)/decrease In current assets:
Inventories			(281.8)		141.2
Trade receivables			(166.2)		(46.0)
Other financial assets			12.·1		(1.6)
Other current assets Adjustments for lncrease/(direase) in current liabilities:			(29.2)		29.3
Trade payables			235.2		101.5
Other financial fiabiliUes			(0.6)		(2.9)
Short term provisions			5.1		1.4
Other current liabilities Cash generated from operting activities			162.0 127.8		(72.8) 229.7
Income tax paid (net) Net cash generated from operting activities (A)			(38.7) 89.1		(21.6) 208.1
8. CASH FLOW FROM INVESTING ACTIVITIES
Payment for purchase of property, plant and equipment			(41.4)		(1.2)
Proceeds from disposal of property, plant and equipment			2.0		0.7
Redemption/maturity of bank deposils			1,058.9		774.7
Investment in bank deposits			(1,161.8)		(1,084.5)
Interest received			24.3		15.0
Rental income			1.2		0.7
Net Cash used In Investing activities (8)			(116.8)		(294.6)
C. CASH FLOW FROM FINANCING ACTIVITIES
Finance costs Payment of lease liabilities Dividend paid ·			(3.1) (15.5) (14.41		(1.6) (4.8) (3.6
Net Cash used In financing activities (C)			(33.0)		(10.0)
NET INCREASE/(OECREASE) IN CASH AND	CASH EQUIVALENTS (A+B+C)		(60.7)		(96.5
Cash and cash equivalents as at the beginning of the period			84.2		149.5
Cash and cash equivalents at the end of the period			23.5		53.0
NET INCREASE/(OECREASE) IN CASHANO CASHEQUIVAENTS			(60.7)		(96.5
The above cash Statemen\ of Cash nows has been prepared under the "Indirect Mothod' as set out In Ind AS 1 "Slatemenl			or Cash nows
Changes in llabllllles arisingfrom financing	activities for theperiod ended 30 September 2021
As at	Financing	Fair Value adjustment	Recognition of liablllty/	As at
Particulars 1 April 2021 cash flows			Other adjustments	30 September 2021
Lease liabilities 57.4	(15.5)			41.9
Changes In liabilitiesarisingfromfinancing	activities fortheperiod ended 30 September2020
As at	Financing	Fair Value adjustment	Recognition of liability/	As at
Particulars 1 April 2020 cash flows			Other adjustments	30 September 2020
Lease liabilities 20.0	(2.7)			17.3
t|

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• 3 The above unaudited standalone financial results have been reviewed by the Audit Commillee and approved by the Ooa1d of Dlrecto1s at lhei1 meetings held on November I I, 2021 Tho statutory auditors of lhe Cornpnny h�ve Mrtiecl out lhe limited review of the unaudited standalone financial results for the quarter and six months ended September 30, 2021

• 4 The Company has paid final dividend amounting to Rs.14.4 Million for the fmanci<1I year ended March 11, 2021, pursuant lo the approval or lhe shareholders at lhe Annual General Meeting.

• 5 lhe Co111pany operates in a s111gle segment of manufac1urin9 and scllinn or foundry machinery and rmchinery parts

• G The Company has assessed the effects of the global pandemic COVIU· 19 111 lhe preparation or these financial resulls 1 he C,ompany has undertaken various initiatives to c:ontrol costs In the managemnnl's assessment, there have been no significant changes in lhe carrying amounts of receivables, invenlories or property, plant and equipment and ii does not anlicipale any challenge in meeting its financial obligations The impact or Ille pandemic may be differenl from that esllrnaled al lhe date or approval of these financial resulls given Ille uncertainties associated with lls nature and duration The Company's management will conlinue lo closely monitor any m11terial change to the Company's firmncinl position due lo the pandemic aod its impact on lhe future economic condilions

7 Previous pnriorls finwns lrnvr, henn regrourie<l I reclassiriecl wherev, r rwc ,ssmy

l1cfdllional fnform,olion.

Order backlog as at September 30, 2021 was Rs. 1,065 M1llio11,

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For Dlsa In a Limited
Managl g Director
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Deloitte Haskins & Sells

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INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DISA INDIA LIMITED

• I • Wr have reviewed lhe uccompanymg Slt1le111ent of Consohclalcd Unaud1lecl r111anc1al Resulls Of DISA INDIA LIMITED ("lhe Pc: 1 cnt") and ILs subs1d1r 1 y (lhc Pai cnl and Ils subs1d1ary logether rcfe11 ed lo as "lhe Group"), lor I he q11artcr ancl six monll1s ended Seplembcr JO, 2021 ("Lile Slatemcnl") hcing suhrrnllcd by Lile Parcnl puI suanl Lo lhc requircmenl of Regulallon 33 of lhc SI Bl (L1st111g Obl1gal1ons and Disclosure Rcquircmc11ls) Regulations, 2015, as arncndecl.

• Tl11s Slalemcnl, which Is lhc respons1bIhly or lhc Parent's Managcrnenl and approved by lhe Parent's Board of Directors, has been preparrd 111 accordance with lhe recognition and meas1Irement principles l< 1 d clown 111 the lncl1an Accounl1ng Standard 34 "Jnlerim F1nanc1al Reporting" (" Ind AS 3'1"), prescribed uncler Secllon 133 of the Companies /\cl, 2013 read with relevant rules 1ssuecl thereunder ancl other account111g principles generally accepted 111 India. Our respons1b1hly Is to express a conclusion on the Slatemenl based on our review.

• We conducted our review of the Statement In accordance with the Standard on Review Engagements (SRE) 2'110 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim f1nanc1al 111format1on consists of making 111quInes, primarily of Parent's personnel responsible for financial and accounting matters, and apply111g analytical and other review procedures. A review Is substantially less 111 scope lhan an audit conducted 111 accordance with Standards on Auditing spec1f1ed under Section 143( 10) of the Companies Acl, 2013 and consequently does not enable us to obtain assurance that we would become aware of all s1gn1f1cant matters lhat might be identified In an auclil. Accordingly, we do not express an audit opinion.

We also performed procedures 111 accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listtng Obltgat1ons and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement 111cludes the results of the rollowing ent1t1es:

2. (a) DISA India Limited; India (Parent)

3. (b) Bhadra Caslalloy Private Limited, Indra (wholly owned subsidiary)

4. Based on our review conducted and procedures performed as slated In paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared 111 accordance with the recog1 1 t1on and measurement pnnc1ples laid down In the aforesaid Indian Accounting Standard and other accountmg principles generally accepted in India, has not disclosed the 111format1on required to be disclosed In terms of Regulation 33 of the SEBI (L1st111g Obltgat1ons and Disclosure Requirements) Regulations, 2015, as amended, 111clud1ng the manner 111 whrch it is to be disclosed, or that it contains any material misstatement.

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Page I or2

Deloitte Haskins & Sells

1. We did not review the fm<1nc:i,1I rcsulls of one subs1dlilry 1nclucfcd In the ronsolidatcd unaudited f1nanc1al results, whose interim fmannal results reflect lot,1I assets or Rs. 138 M1ll1on as al September JO, 7.021, Lota I I evenuc of Rs. 28 M1ll1on and Rs. 53 9 Million fo1 L11e quarter and six rnonlhs ended Scplcin bcr 30, 20? t rvspect1vcly, total net profit after lax of fh. 2 9 M1ll1011 and Rs. S. 7 Million for the quarter ancl ,;pc months ended September 30, 202 J respectively and total comprchcns1vc income Rs. ;;, . 9 Mill/on and Rs 5. 7 Million for the quarter ;ind six months cndl'CJ September 30, 202 J I cspect,vely and net cash outrlows of Rs.0.2 M1lho11 for the six months endl!d September 30, 2021 as considered in the Statement These interim financial results h,wc been reviewed by other auditor whose report has been lurn1shed lo us by the Marldgemcnt and our conclus,on on the Statement, Is based solely on Lhe report or lhc other c1ud1tor .ind the procedures performed by us as stat«?d m paragraph 3 above.

Our conclusion on the Statement Is nol 111od1f1ecf ,n respect of lh1s matter.

For DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Rcg1strallon No. 008072S)

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Monisha Parikh

Partner (Membership No. 47840) UDIN: �lt>Lf ·/�£1U/\/\/l/1 t'fG-<..9 b

Ahmedabad

November 11, 2021 MP/LS/2021

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Page 2 or 2

OISA INDIA I IMI I EU

n,1a1,le.recl Olflce . World Trade Ccnlo,, 6111 lk1or,Uml no S 604 Bngade Galoway Campus,20/1.Dc Rajkumar Road,Malleswarnm RaJa11nagar,Bangalom f,60055 E-mail bangaloro@nonc gcoup com, ,wM1.d1sagcoup com,Tel •91 80 22496700, Fa, +91 80 2249 6750, CIN L05110KA 198<1PLCOOOl 16

STAlEMENT OF CONSOLIDATED FINANCIAi RESULTS FOR THF QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2021

						fRs. in Million} Corrsponding Year to date Year to date 3 months ended figurs for figures for Preceding 3 in the previous current perod previous period Previous year months ended ver ended ended ended 30/06/2021 30/09/2020 30/09/2021 30/09/2020 31/03/2021 Unaudited Unaudited Unaudited Unaudited Audited 387.2 497 4 1,079.5 79.6 1,850.6 � 19.7 - 40.6 � ~~,~~_ 411.1 617.1 1,130.9 �. 1,944.4 187.2 173.6 591 4 261 4 688 6 47 5 29.8 108.6 412 159.5 (46 9) 714 (132 1) 147,3 197.5 M7 82.4 185.7 163 ( :inG 1.5 () 8 31 1.6 3.0 9.4 9.2 18.5 19 2 40.4 58.8 48.1 131.9 89.3 208.4 352.2 415.3 907.1 723.8 1,620.9 50.9 101.0 223.8 96.4 323.5 15.6 25.7 58.6 25 7 83.1 10.3\ O.El ~~(0,~~3~~}~~ C.SI (1.11 15.3 26.6 58.3 25.2 82.0 43.6 75.2 165.5 71.2 241.5 0.8 (0.3) 1.7 (0.5) 3.1 44.4 74.9 167.2 70.7 244.6 14.5 14.5 14.5 14.5 14.5 1,890.9 29.98 51.71 113.81 48.96 166.07	fRs. in Million} Corrsponding Year to date Year to date 3 months ended figurs for figures for Preceding 3 in the previous current perod previous period Previous year months ended ver ended ended ended 30/06/2021 30/09/2020 30/09/2021 30/09/2020 31/03/2021 Unaudited Unaudited Unaudited Unaudited Audited 387.2 497 4 1,079.5 79.6 1,850.6 � 19.7 - 40.6 � ~~,~~_ 411.1 617.1 1,130.9 �. 1,944.4 187.2 173.6 591 4 261 4 688 6 47 5 29.8 108.6 412 159.5 (46 9) 714 (132 1) 147,3 197.5 M7 82.4 185.7 163 ( :inG 1.5 () 8 31 1.6 3.0 9.4 9.2 18.5 19 2 40.4 58.8 48.1 131.9 89.3 208.4 352.2 415.3 907.1 723.8 1,620.9 50.9 101.0 223.8 96.4 323.5 15.6 25.7 58.6 25 7 83.1 10.3\ O.El ~~(0,~~3~~}~~ C.SI (1.11 15.3 26.6 58.3 25.2 82.0 43.6 75.2 165.5 71.2 241.5 0.8 (0.3) 1.7 (0.5) 3.1 44.4 74.9 167.2 70.7 244.6 14.5 14.5 14.5 14.5 14.5 1,890.9 29.98 51.71 113.81 48.96 166.07	fRs. in Million} Corrsponding Year to date Year to date 3 months ended figurs for figures for Preceding 3 in the previous current perod previous period Previous year months ended ver ended ended ended 30/06/2021 30/09/2020 30/09/2021 30/09/2020 31/03/2021 Unaudited Unaudited Unaudited Unaudited Audited 387.2 497 4 1,079.5 79.6 1,850.6 � 19.7 - 40.6 � ~~,~~_ 411.1 617.1 1,130.9 �. 1,944.4 187.2 173.6 591 4 261 4 688 6 47 5 29.8 108.6 412 159.5 (46 9) 714 (132 1) 147,3 197.5 M7 82.4 185.7 163 ( :inG 1.5 () 8 31 1.6 3.0 9.4 9.2 18.5 19 2 40.4 58.8 48.1 131.9 89.3 208.4 352.2 415.3 907.1 723.8 1,620.9 50.9 101.0 223.8 96.4 323.5 15.6 25.7 58.6 25 7 83.1 10.3\ O.El ~~(0,~~3~~}~~ C.SI (1.11 15.3 26.6 58.3 25.2 82.0 43.6 75.2 165.5 71.2 241.5 0.8 (0.3) 1.7 (0.5) 3.1 44.4 74.9 167.2 70.7 244.6 14.5 14.5 14.5 14.5 14.5 1,890.9 29.98 51.71 113.81 48.96 166.07	fRs. in Million} Corrsponding Year to date Year to date 3 months ended figurs for figures for Preceding 3 in the previous current perod previous period Previous year months ended ver ended ended ended 30/06/2021 30/09/2020 30/09/2021 30/09/2020 31/03/2021 Unaudited Unaudited Unaudited Unaudited Audited 387.2 497 4 1,079.5 79.6 1,850.6 � 19.7 - 40.6 � ~~,~~_ 411.1 617.1 1,130.9 �. 1,944.4 187.2 173.6 591 4 261 4 688 6 47 5 29.8 108.6 412 159.5 (46 9) 714 (132 1) 147,3 197.5 M7 82.4 185.7 163 ( :inG 1.5 () 8 31 1.6 3.0 9.4 9.2 18.5 19 2 40.4 58.8 48.1 131.9 89.3 208.4 352.2 415.3 907.1 723.8 1,620.9 50.9 101.0 223.8 96.4 323.5 15.6 25.7 58.6 25 7 83.1 10.3\ O.El ~~(0,~~3~~}~~ C.SI (1.11 15.3 26.6 58.3 25.2 82.0 43.6 75.2 165.5 71.2 241.5 0.8 (0.3) 1.7 (0.5) 3.1 44.4 74.9 167.2 70.7 244.6 14.5 14.5 14.5 14.5 14.5 1,890.9 29.98 51.71 113.81 48.96 166.07
S N	r. o ~~-~~ I Parlcular 3 months ended 30/09/2021 Unaudited a)Revenue from operalions 692.3 bl Other incme 27.5					Corrsponding Year to date 3 months ended figurs for Preceding 3 in the previous current perod months ended ver ended 30/06/2021 30/09/2020 30/09/2021 Unaudited Unaudited Unaudited 387.2 497 4 1,079.5 � 19.7 - ~~,~~_ 411.1 617.1 1,130.9 187.2 173.6 591 4 47 5 29.8 108.6 (46 9) 714 (132 1) M7 82.4 185.7 1.5 () 8 31 9.4 9.2 18.5 58.8 48.1 131.9 352.2 415.3 907.1 50.9 101.0 223.8 15.6 25.7 58.6 10.3\ O.El ~~(0,~~3~~}~~			p
	Total revenue la+bl 719.8
	2 Expenses (a) Cost of materials consumd 404.2 (b) Purchase or stock in trade 61 I (c) Changes in inventories or fnished goos, stock-in-trade and work-in-proress (85 2) (cl) Employee benefll:. rxpense 'll o (e) nuance costs 1b (f)Depreciation andamortisalion exprnse 91 In\ Other exoenses 73.1 Totalexpenses 554.9
	3 4 Profit before tax (1-2) Tax expenses (a) Current tax lb\ Dererred tax			164.9
				43.0 -		15.6 10.3|
		Total lax exoenses		43.0		15.3	26.6	58.3 165.5 1.7 167.2
	5	**Profit after tax13-41 **		**121.9 **		43.6	75.2 (0.3) 74.9
6 7		Other Comprehensive Income (net of tax) Items that will not be reclassified to profit and loss Total Comprehensive Income 15+6)		0.9 122.8		0.8 44.4
8 9 10		Paid up equity share capital (Rs.10 each) Reserve excluding revaluation reserves Earings per equity share (face value of Rs.10I- each) (not annualised) Basic and diluted-Rs.		14.5 83.83		14.5 29.98	14.5 51.71	14.5 113.81

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		Notes:	Notes:
		1	U d'te< C nau1 I'd t d SI onso I ae		I I A atemen o sse s	and L bT. ,a,1llesos alseotembI30 2021							(Rs. ill Million)
					Particulars			f -- As at 30/09/2021					As at 31/03/2021
				~~-~~	~~-~~					Unaudited			Audited
		A 1	ASSETS Non-currentassets					f			~~-~~
			(a)	Property, plant and equipment							183.2		194.6
			(b)	Capital work in progress							25.6		-
			(c) (d)	Investment property Hight-of-us assets							2 6 38.9		2.6 55.5
			(e)	Goodwill							6 0		6.0
			(f)	Other inlangible assets							10		1.4
			(g)	rinancial assets
				(a) Other financial assets							13		136.5
		-	(h) (i)	Deferred tal assets (Net) Other non-curent assets		Sub-totalnon-curentasset					6 7 28.5 299.8 ~~-~~		6.9 __ 413.0
		2	CUI	rent A"SO!S
			(f) (b)	Inventories r111a11cial asset,,							r15 I		2'14
				(a) Trade receivables							373.1		203.7
				(b) Cash and csh equivalents							28.5		89.4
				(c) Banl1 balance other than (II) above							1,869.3		1,633 7
				(d) Other financial assets							62.0		53.2
			(c)	Current tal assets (Net)							13.8		31.5
			(d)	Other current assets							83.8		54.4
							Sub-total current assets				3,006.2		2,357.3
								TOTALASSETS			3,306.0		2,770.3
		B	EQUITY AND LIABILITIES
		1	Equity
			(a)	Equity share capital							14.5		14.5
			!bl	Olher eauitv							2 043.7		1 890.9
								Sub-total eauilv			2,058.2		1,905.4
		2	Non-current liabilities
			(a)	Other fnancial liabilities
				(a) Lease liabilities							33.8		49.7
			(bl	Defrred tax liabililies (Nell							1.3		1.3
						Sub-total non-current liabilities					35.1		51.0
		3	Current Liabilities
			(a)	Financial liabilities
				(a) Trade payables
				(A) Total outstanding	dues of micro enterprises
				and small enterprises							155.0		76.7
				(B) Total outstanding	dues af creditors other than
				micro enterprises	and small enterprises						309.2		151.1
				(b) Lease liabilities							8.1		7.7
				(c) Other financial liabiliLies							18.0		22.9
			(b)	Provisions							40.5		35.3
			(c)	Current tax liabiliLies (net)							16.0		15.2
			Id|Other current liabiliLies							665.9		505.0
						Sub-total		current liabilities			1,212.7		813.9
					1	TOTAL EQUITY AND LIABLITIES					3,306.0		2 770.3
					~~I~~
	,.			�, � ,( oCHAnTf:RtO � viAC<:OIJNTANTS r t ( , .* �*** fNG/11��.	I

1. Unaudited Consolidated Statement of Cash !'lows for the period ended September 30, 2021

	For the period ended September 30 2021 223.8 18 5 3.1 (0.5) (465) 2.2 . (1 2) (1.9) 2.2 199.7 Hs Million For the period ended September 30, 2020 96.4 19.2 1.6 0.1 (38 5) 0 2 0.2 (0.7) 1.4 - 79.2
Particulars	September 30 2021
A. CASH FLOW FROM OPERATING ACTIVmES Profit before lax Adjuslments for· Depreciation and amortisation expense rinonc costs Prolit on �ale ol property, plant and equipment Interest income Bad trade receivable w,itten off Provsion for doublful trade recivables I iab1lity no longer required written back Rental income Net unrealised exchange gains/(losses) Re-measurement of gains on defned benefit plans Oper ,tinq profit befor£ ch;nges in \"rking rrilal	223.8 18 5 3.1 (0.5) (465) 2.2 . (1 2) (1.9) 2.2 199.7
Changes in workluy capital
Adjustments for (lncrease)/decrease in non -current assets: Other financial assets OU1er non-current assets Adjustments for (increase)/decrease in currentasset: Inventories Trade receivables Other financial assets Other current assets Adjustments for increase/(decrease) in current liabilities: Trade payables Other fnancial liabilities Short term provisions Other current liabilities Cash generated from operating activities Income tax paid (net) Net cash generated from operating activities (A) B. CASH FLOW FROM INVESTING ACTIVITIES Payment for purchase of property, plant and equipment Proceeds from disposal of property, plant and equipment Hedemption/maturily of bank deposits Investment in bank deposits Interest received Rental income Net Cash used in investing activities(B) C. CASH FLOW FROM FINANCING ACTIVITIES Finance costs Payment of lease liabilities Dividend paid Net Cash used financing activities (C) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) Cash and cash equivalents as at the beginning of the Period Cash and cash equivalents at the end of the Period NET INCREASEilDECREASEIIN CASHAND CASH EQUIVALENTS	(0.4) 0.5 (284.3) (171.6) 11.2 (29.4) 236.3 (0.0) 5.2 160.9 (0.3) 0.8 144.8 (44.3) (1.8) 30.1 100.9 (2.3) 1.6 (72.9
	130.1 (40.1) 235.8 (22.2)
	90.0 (41.5) 2.0 1,054.9 (1,160.8) 26.3 1.2 213.6 (U) 0.7 755.7 (1,073.5) 16.6 0.7
	(117.9) (3.1) (15.5) 114.4\ (300.7) (1.6) (4.8) (3.6)
	(33.0) (10.0)
	(60.9) (97.1)
	89.4 28.5 154.0 56.9
	(60.9) (97.1

Tho above cash Statement of Cash !lows has been prepared under lhe �Indirect MeU,od'' es set olJI in Ind AS 7 "Statement of Cash nc,,,•,s

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Changes in liabilities arising from financing activities for the period enclecl 30 September 2021
As at Financing Fair Value Recognition of liability/ As at
Particulars 1 April 2021 cash flows adjustment Other adjustments 30 September 2021
Lease liabilities (15.5) 0.00 41.9
Changes in liabilities arising from financing activities for the period ended 30 September 2020
As at Financing Fair Value Recognition of liability/ As al
Particulars 1 April 2020 cash flows adjustment Other adjustments 30 September 2028
Lease liabilities 20.0 (2.7) 17.3
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• :l The above unaudited co11soildated financial l'esulls of DISA India Limited ('the Parent'/ 'the Company) and its subsidiary (togetlte1 referred lo as the 'Group') have been reviewed by lhe Audit Commillee and approved by the Bomd of Directors at their meetings held on Novernue1 11, 2021 The statutory auditors of lhe Company have carried out the limited review of the unaudited consolidated financial results for the quarter and six months ended September 30, 2021

• 4 The Group operates in a s111gle segment of manufacturing ancl selling of foundry machi11ery and machmery parts

• 5 l he Group has assessed the effects of the glob�! pandemic COVID 19 in the preparation of these financial results. l ho Group has undertaken various initiatives to control costs In the management's assessment. there have been no significant changes in the carrying amounts of receivables. inventories or property, plant ancl eqwpmenl and ii does not anticipate any challenge in meeting its financial obligations 1 he irnpacl of the pandemic may be different from that estimated at the date or approval of these financial results given the uncerta1nt,es assoc1alecl with its nature ancl duration n1e Group's management will continue to closely monitor c1ny material ch,111ne to the Group's financial position due to lhe pandemic anrl its imp�ct on tha future economic wnd11ions.

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6 Previous periods figuC 1 s have been regrouped I reclassified wherever necessary
Place : Bcngaluru
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