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EPL LIMITED Interim / Quarterly Report 2021
60801_rns_2021-11-11_884fa4de-ce8e-4498-a760-bebae3027b1a.pdf
Interim / Quarterly Report
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10 November 2021
| ---··························---- Corporate Service Department |
---··············--··---·······································. ! The Listing Department |
|---|---|
| BSE Limited | i National Stock Exchange of India Ltd |
| 25th Floor, Phiroze Jeejeebhoy Towers, | I Exchange Plaza, Plot no. C/1, G Block, |
| Dalal Street, Mumbai 400 001 | j Bandra-Kurla Complex, Bandra (E) |
| : Mumbai 400 051 | |
| l~~~:.;u;ts~i~6~io &. 960311 1. Trading .Symbol: EPL·······················································I |
Ref.: EPL Limited
Sub.: Unaudited financial results for the quarter and half year ended 30 September 2021 and outcome of the Board Meeting.
Dear Sirs,
This is to inform the exchanges that the Board of Directors of the Company at its meeting held on today ie 10 November 2021, inter alia, has approved the following.
- a) The Board has declared the Interim Dividend of Rs. 2.15 per equity share of face value of Rs. 2 each. The Interim Dividend will be paid to the members whose names appear on the Register of Members I beneficiary ownership position as on the Record Date 19 November 2021. The Interim Dividend will be paid on or around 20 November 2021 by way of direct credit or dispatch of warrants/demand drafts or electronic mode to those who are entitled for the said Dividend.
- b) Unaudited financial results for the quarter and half year ended 30 September 2021 of the Company's India standalone and consolidated global operations.
Please find attached herewith the above mentioned unaudited financial results and limited review report issued by M/s. Walker Chandiok & Co LLP, the Statutory Auditors of the Company, on the above mentioned financial results.
The above referred meeting was commenced at 1 :00 p.m. and concluded at 4:50 p.m.
The above is pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for your information and record.
Thanking You
Yours faithfully Fo~imited
s[:civaliya SVP - Legal & Company Secretary
Encl.: As above
Filed online
Walker Chandiok &.Co LLP
Walker Chandiok & Co LLP 11th Floor, Tower II, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601
Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors of EPL Limited (formerly, Essel Propack Limited)
- 1. We have reviewed the accompanying statement of consolidated unaudited financial results ('the Statement') of EPL Limited (formerly, Essel Propack Limited) ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its associate (refer Annexure 1 for the list of subsidiaries and associate included in the Statement) for the quarter ended 30 September 2021 and the consolidated year to date results for the period 1 April 2021 to 30 September 2021, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
-
- This Statement, which is the responsibility of the Holding Company's management and approved by the Holding 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 and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 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 the Standards on Auditing specified under section 143(10) of the Act, 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 SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.
- Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, 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 Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements 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 terial misstatement.
Page 1 of 3
Charlorcd Accooolants
Offices in BengallKU, Chandtg.rh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Nolda and Puno
Walker Chandiok & Co LLP ls registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Con.naught Circus, Outer Circle, New Delhi, 110001, India
EPL Limited (formerly, Essel Propack Limited) Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
- We did not review the interim financial information/interim financial results of six (6) subsidiaries included in the Statement, whose interim financial results/interim financial information (before eliminating inter-company balances/transactions) reflects total assets of~ 23,479 million as at 30 September 2021, and total revenues of ~ 5,125 million and ~ 9,650 million, total net profit after tax of~ 808 million and ~1,258 million, total comprehensive income of ~ 808 million and ~ 1,258 million for the quarter and six months period ended 30 September 2021, respectively, and cash out flows (net) of~ 524 million for the six months period ended 30 September 2021, as considered in the Statement. These interim financial information/ financial results have been reviewed by respective auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.
Further, of these subsidiaries, five (5) subsidiaries are located outside India, whose interim financial information/interim financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by respective auditors based on the standard on review engagements applicable in their respective countries. The Holding Company's management has converted the interim financial information/interim financial results of such subsidiaries from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion, in so far as it relates to the balances and affairs of these subsidiaries is based on the review report of such auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.
Our conclusion is not modified in respect of these matters with respect to our reliance on the work done by and the reports of such other auditors.
- The Statement includes the interim financial information of two (2) subsidiaries, which have not been reviewed by their auditors, whose interim financial information (before eliminating inter-company balances/transactions) reflects total assets of~ 79 million as at 30 September 2021 , and total revenues of ~4 million and ~ 18 million, net profiU(loss) after tax of~ (1) million and ~ 1 million, total comprehensive income/(loss) of ~ (1) million and ~ 1 million for the quarter and six months period ended 30 September 2021 respectively, and cash out flow (net) of~ 5 million for the six months period ended 30 September 2021 as considered in the Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries are based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.
Our conclusion · not modified in respect of this matter with respect to our reliance on the financial information ce ifie by the management.
6N/N500013
Rak Part Me ip No:109632
UDIN:21109632AAAARJ1584
Place: Mumbai Date: 10 November 2021
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Chartered Accounlants
Offices In Bengalurn, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, NewDolhi, Noida and Puna
Walker Chandiok & Co LLP is registered 'Nith limited liability with identification number AAC-2085 and has its registered office at L-41, Corviaught Circus, Outer Circle, New Delhi, 110001, India
EPL Limited (formerly, Essel Propack Limited)
Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
Annexure 1
List of entities included in the Statement
Subsidiaries:
-
- Lamitube Technologies Limited
-
- Lamitube Technologies (Cyprus) Limited
-
- Arista Tubes Inc.
-
- EPL America, LLC (formerly known as Essel Propack America, LLC)
-
- Laminate Packaging Columbia SAS (formerly known as Essel Colombia S.A.S.)
-
- EPL Propack de Mexico, S.A. de C.V. (formerly known as Essel de Mexico, S.A. de C.V.)
-
- EPL Deutschland Management GmbH (formerly known as Essel Deutschland Management GmbH)
-
- EPL Deutschland GmbH & Co. KG (formerly known as Essel Deutschland GmbH & Co. KG)
-
- EPL Misr for Advanced Packaging S.A.E. (formerly known as Essel Propack MISR for Advanced Packaging S.A.E.)
-
- EPL Packaging (Guangzhou) Limited (formerly known as Essel Packaging (Guangzhou) Limited)
- 11 . EPL Packaging (Jiangsu) Limited (formerly known as Essel Packaging (Jiangsu) Limited)
-
- Essel Propack Philippines, Inc.
-
- EPL Propack LLC (formerly known as Essel Propack LLC)
-
- EPL Poland sp. Z.o.o (formerly known as Essel Propack Polska sp. z.o.o.)
-
- EPL Propack UK Limited (formerly known as Essel Propack UK Limited)
-
- MTL De Panama, S.A.
-
- Tubopack de Colombia S.A.S.
-
- Creative Stylo Packs Private Limited (effective 1 February 2021)
Associate:
- PT. Lamipak Primula
Offices In Bengal<.ru, Chancigwh, Chennal, Qrrugram, ffyderal>ad, KocN, Kolkata, Murrbai, Now Delli, Nolda and Pooe
Walker Chandiok & Co LLP Is registered with llmiled liability wilh idenlificaUon number AAC-2085 and has its registered office at l-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Chwtered Accountants
| EPL LIMITED (Formerly known as ESSEL PROPACK LIMITED) CIN: L74050MH1982PLC028947 Road. Offlco: P.O. Vaslnd, Taluka Shahaour, Dist. Thano, Maharashtra• 421604 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS | |||||||||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | |||||||||
| (Rs In Million, oxcoot oor sharo data! | |||||||||
| Particulars Half year ondod Quarter ondod Yearonded |
|||||||||
| 30-Son | 30-Jun | 30-Son | 30-Son | 30-Son | 31-Mar | ||||
| 2021 Unaudited |
2021 Unaudited |
2020 Unaudited |
2021 Unaudited |
2020 Unaudited |
2021 Audited |
||||
| 1 | lncomo | ||||||||
| a. | Revenue from operations | 8,701 | 7,991 | 7,713 | 16,692 | 15,128 | 30,916 | ||
| b. | Other Income | 14 | 53 | 32 | 67 | 83 | 145 | ||
| Total lncomo | 8,715 | 8,044 | 7,745 | 16,759 | 15,211 | 31,061 | |||
| 2 | Exponses | ||||||||
| a. | Cost of materials consumed | 3,840 | 3,570 | 3,182 | 7,410 | 6,378 | 12,880 | ||
| b. | Changes In Inventories of finished goods and goods-In-process | (57) | (199) | 50 | (256 ) | (7) | 48 | ||
| c. | Employee benefits expense | 1,629 | 1,557 | 1,472 | 3,186 | 2,938 | 6,064 | ||
| d. | Finance costs | 97 | 89 | 97 | 186 | 259 | 429 | ||
| e. | Depreciation and amortisation expense | 622 | 619 | 578 | 1,241 | 1,157 | 2,346 | ||
| f. | Other expenses | 1,695 | 1,614 | 1,347 | 3,309 | 2,691 | 5,807 | ||
| 3 | Total expenses Profit before share of profit / (loss) of an associate, |
7,826 889 |
7,250 794 |
6,726 1,019 |
15,076 1,683 |
13,416 1,795 |
27,580 3,481 |
||
| excepllonal Items and tax (1-2) | |||||||||
| 4 | Share of loss from associate | /671 | /31 | /31 | /701 | /3' | f9) | ||
| 5 | Profit boforo excepllonal Items and tax (3+4) | 822 | 791 | 1,016 | 1,613 | 1,792 161 |
3,472 161 |
||
| 6 7 |
Exceptional Items (galnllloss (Refer note 51 Profit before tax for the norlod /5,61 |
622 | 791 | 1 016 | 1 613 | 1 631 | 3 311 | ||
| B | Tax oxpense | ||||||||
| I) | Current tax • current period | 305 | 217 (21) |
400 | 522 (19) |
562 (25) |
963 (27) |
||
| Ill | - earlier period Deferred tax charae I /credit\ |
2 (101 |
171 | 1661 | i171 | 144' | (68\ | ||
| Total tax expense | 297 | 189 | 334 | 486 | 493 | 866 | |||
| 9 | Net Profit after tax for the nerlod 17-81 Other comnrohonslve Income/ llossl |
525 | 602 | 682 | 1127 | 1138 | 2 443 | ||
| 10 a. |
Items that will not be reclassified to nraflt or loss | ||||||||
| • Remeasurement galns/(lossesl on defined benefit nlan | 4 | /3 | 17 | 1 | /12 | (15 | |||
| b. | • Income tax effects relatlna to above Items that will be reclassified to profit or loss |
(11 | 1 | 2 | 0 | 3 | 4 | ||
| • Fair value changes of non-derivative Instruments designated as | (2) | 2 | 13 | ||||||
| cash flow hedge | |||||||||
| • Exchange differences on translation of financial results of | (201) | 372 | 65 | 171 | 286 | 404 | |||
| forelqn operations • Income tax effects relatina to above |
- | ||||||||
| Other comprehensive lncome/llossl fnet of taxi | 11901 | 370 | 78 | 172 | 279 | 406 | |||
| 11 | Total comprehensive Income for tho norlod /9+101 | 327 | 972 | 760 | 1 299 | 1 417 | 2 849 | ||
| 12 | Net Profit for the period attrlbutablo to: Owners of tho Holding Company |
507 | 579 | 670 | 1,086 | 1,114 | 2,391 | ||
| Non-contralllng Interest | 18 | 23 | 12 | 41 | 24 | 52 | |||
| 13 | Other comprehenstve lncome/(loss) attributable to: | ||||||||
| Owners of the Holding Company Non-contralllna Interest |
(197) (1' |
366 2 |
76 | 171 1 |
260 11' |
407 (1\ |
|||
| 14 | Total comprehensive Income attributable to: | ||||||||
| Owners of the Holding Company | 310 | 947 | 746 | 1,257 | 1,394 | 2,798 | |||
| 15 | Non-controlllna Interest Paid-up equity share capital (Face Value Rs. 2 each) |
17 632 |
25 631 |
12 631 |
42 632 |
23 631 |
51 631 |
||
| 16 | Other equity | 16,350 | |||||||
| 17 | Earnings Per Share (EPS) (In Rs.) A Basic |
1.61 | 1.83 | 2.12 | 3.44 | 3.53 | 7.58 | ||
| DIiuted | 1.60 | 1.83 | 2.12 | 3.43 | 3.53 | 7.57 | |||
| (• Quarterly and half veartv flaures are not annuallsedl | |||||||||
| See accomoanslna notes to consolidated unaudited financial results. |
| EPL LIMITED (Formerly known as ESSEL PROPACK LIMITED) CIN: L74950MH1982PLC028947 |
|||||||
|---|---|---|---|---|---|---|---|
| Regd. Office: P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra - 421604 | |||||||
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS | |||||||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | (Rs. in Million) | ||||||
| Quarter ended | Half year ended | Year ended | |||||
| Note 1: Consolidated Segment Information | 30-Sep | $30 - Jun$ | 30-Sep | $30-Sep$ | $30-Sep$ | 31-Mar | |
| 2021 | 2021 | 2020 | 2021 | 2020 | 2021 | ||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| Segment revenue from operations | |||||||
| a | AMESA | 3,075 | 2,819 | 2,599 | 5,894 | 4,792 | 9,934 |
| b | EAP | 2,136 | 2,060 | 1,908 | 4,196 3,499 |
3,928 3,036 |
7,820 6,521 |
| AMERICAS | 1,860 1,882 |
1,639 1,784 |
1,529 1,939 |
3,666 | 3,916 | 7,686 | |
| d | EUROPE Unallocated |
3 | 3 | 3 | 6 | 6 | 12 |
| e f |
Inter Segmental elimination | (255) | (314) | (265) | (569) | (550) | (1,057) |
| Total revenue from operations for the period | 8,701 | 7,991 | 7,713 | 16,692 | 15,128 | 30,916 | |
| Segment Result | |||||||
| AMESA | 352 | 311 | 384 | 663 | 544 | 1,083 | |
| $\mathbf{a}$ | EAP | 353 | 345 | 395 | 698 | 833 | 1,434 |
| C | AMERICAS | 168 | 119 | 155 | 287 | 309 | 712 |
| d | EUROPE | 75 | 99 | 158 | 174 | 337 | 625 |
| e | Unallocated | (7) | (7) | (1) | (14) | (7) | (24) (21) |
| Inter Segmental elimination | 31 | (37) | $\mathbf{1}$ | (6) | (37) | ||
| Total segment result for the period | 972 | 830 | 1,092 | 1.802 | 1,979 | 3,809 | |
| Finance costs | (97) | (89) | (97) | (186) | (259) | (429) | |
| Other income (excluding gain/loss on foreign exchange fluctuations) |
27 | 38 | 45 | 65 | 83 | 145 | |
| Gain/(loss) on foreign exchange fluctuations (net) | (13) | 15 | (21) | $\overline{2}$ | (8) | (44) | |
| Exceptional Items (gain)/loss (net) (Refer note 5) | 161 | 161 | |||||
| Share of loss from associate | (67) | (3) | (3) | (70) | (3) | (9) | |
| Profit before tax for the period | 822 | 791 | 1,016 | 1,613 | 1,631 | 3,311 | |
| Segment Assets | |||||||
| a | AMESA | 10,337 | 9,796 | 8,892 6,879 |
10,337 7,807 |
8,892 6,879 |
9,521 7,565 |
| 'n | EAP | 7,807 6,021 |
8,310 5,690 |
4,939 | 6,021 | 4,939 | 5,513 |
| C | AMERICAS | 6,258 | 6,557 | 6,303 | 6,258 | 6,303 | 6,087 |
| d | EUROPE Unallocated |
1,849 | 1,710 | 903 | 1,849 | 903 | 2,005 |
| e f |
Inter Segmental elimination | (552) | (663) | (670) | (552) | (670) | (577) |
| Total | 31,720 | 31,400 | 27,246 | 31,720 | 27,246 | 30,114 | |
| Segment Liabilities | |||||||
| a | AMESA | 2,547 | 2,363 | 2,096 | 2,547 | 2,096 | 2,495 |
| EAP | 2,221 | 2,385 | 1,636 | 2,221 | 1,636 | 2,099 | |
| $\mathbf{C}$ | AMERICAS | 1,045 | 1,006 | 717 | 1,045 | 717 | 1,004 |
| d | EUROPE | 1,258 | 1,562 | 1,325 | 1,258 | 1,325 | 1,327 |
| $\theta$ | Unallocated | 7,035 | 6,277 | 5,717 | 7,035 | 5,717 | 6,314 |
| f | Inter Segmental elimination | (406) | (489) | (415) | (406) | (415) | (439) |
| Total | 13,700 | 13,104 | 11,076 | 13,700 | 11,076 | 12,800 |
The Group is engaged in the business of Plastic Packaging Material. The Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on
analysis of various performance indicators by
$\overline{\epsilon}$
$\ddot{\phantom{a}}$
- Geographical Segments are:
a AMESA : Africa, Middle East and South Asia include operations in India and Egypt. $\mathbf{a}$ - EAP : East Asia Pacific includes operations in China and Philippines. $\mathbf b$
- AMERICAS : includes operations in United States of America, Mexico and Colombia.
- $\frac{c}{d}$ EUROPE : includes operations in United Kingdom, Poland, Russia and Germany.
| EPL LIMITED (Formerly known as ESSEL PROPACK LIMITED) CIN: L74950MH1982PLC028947 Rogd. omco: P.O. Vaslnd, Taluka Shahapur, Dist. Thano, Maharashtra• 421604 |
|||
|---|---|---|---|
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 |
|||
| IRs In Mllllonl | |||
| Noto 2: Consolidated statemont of assots and llabllltlos | As at | Asat | |
| 30-Sep | 31-Mar | ||
| 2021 Unaudited |
2021 Audited |
||
| Assots | |||
| Non•curront assets | |||
| (a) Property, plant and equipment | 12,343 | 12,740 | |
| (b) Capital work-In-progress | 575 | 226 | |
| (c) Right of use assets | 946 | 670 | |
| (d) Goodwill on consolldallon | 1,159 495 |
1,159 543 |
|
| (e) Intangible assets Intangible assets under development |
33 | 47 | |
| (f) | (g) Investment In associate accounted for using equity method | 76 | 149 |
| (h) Financial assets • others | 137 | 153 | |
| (I) | Doferred tax assets (net) | 220 | 169 |
| 0) | Income tax assets (net) | 00 | 134 |
| (k) Other non-current assets | 697 | 464 | |
| Total non-current assots | 16 971 | 16 674 | |
| Current assets | 4,755 | 4,149 | |
| (a) Inventories (b) Flnanclal assets |
|||
| (1) Current Investments | 361 | ||
| (II) Trade receivables | 6,174 | 5,891 | |
| (Ill) Cash and cash equivalents | 2,196 | 2,365 | |
| (Iv) Bank balances other than (Ill) above | 49 | 49 | |
| (v) Loans | 4 | 8 | |
| (vi) Olher financial assets | 185 1 023 |
148 630 |
|
| (c) Oiher currenl assets Total current assets |
14 749 | 13,440 | |
| Total assets | 31 720 | 30 114 | |
| Equity and llabllltles | |||
| Equity | |||
| (a) Equity share capital | 632 | 631 | |
| (b) Other equity | 17,055 | 16,350 | |
| (c) Non-controlling Interest | 333 | 333 | |
| Total equity | 16 020 | 17 314 | |
| Llab!lltles | |||
| Non-current llab!lltles | |||
| (a) Financial llabllltles | |||
| (I) Borrowings | 3,484 | 3,545 | |
| (II) Lease llabllltles | 722 | 641 | |
| (b) Deferred tax llabllitles (net) | 582 | 543 | |
| (c) Other non-current ltabllltles | 149 | 143 | |
| (d) Provisions | 203 | 197 | |
| Total non-current llabllltlos | 5140 | 5,069 | |
| Current llabllltles | |||
| (a) Flnanctal liabilities | |||
| (I) Borrowings | 2,718 | 2,016 | |
| (II) Lease liabilities | 252 | 241 | |
| (iii) Trade payables | |||
| • Dues of micro enterprises and small enterprises | 104 | 84 | |
| • Dues of creditors other than micro enterprises and small enterprises | 4,347 | 4,138 | |
| (Iv) Other financial llabllltles | 456 | 592 | |
| (b) Other current llabllltles | 387 | 397 | |
| (c) Provisions | 130 | 139 | |
| (d) Income tax llabilltles (net) | 166 | 124 | |
| Total currant llabllltles | 8,560 | 7731 | |
| Total equity and llabllltles | 31 720 | 30 114 | |
| EPL LIMITED (Formerly known as ESSEL PROPACK LIMITED) | ||
|---|---|---|
| CIN: L74950MH1982PLC028947 | ||
| Regd. Office: P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra - 421604 | ||
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS | ||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | ||
| (Rs in Million) | ||
| Note 3: Consolidated statement of cash flows | Half year ended | |
| $30-$ Sep | 30-Sep | |
| 2021 | 2020 | |
| Unaudited | Unaudited | |
| A. Cash flow from operating activities | ||
| Profit before tax | 1,613 | 1,631 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 1,241 | 1,157 |
| Interest expense | 161 | 229 |
| Interest income | (22) 50 |
(32) 29 |
| Share based payment expenses Unwinding of discount on security deposits |
(4) | (4) |
| Exceptional items (Refer note 5) | 161 | |
| Gain on sale of current investments (net) | (3) | $\binom{1}{3}$ |
| Share of loss from associate | 70 | |
| Bad and doubtful debts/advances (net) | 10 | 12 |
| Inventory written down | 13 49 |
8 87 |
| Foreign exchange adjustments (net) | 3,178 | 3,280 |
| Operating profit before working capital changes | ||
| Adjustments for: Increase in trade and other receivables |
(503) | (326) |
| Increase in Inventories | (619) | (398) |
| Increase / (decrease) in trade and other payables | 87 | (160) |
| Cash generated from operations | 2,143 | 2,396 |
| Direct taxes paid (net of refunds) | (415) | (406) |
| Net cash generated from operating activities (A) | 1,728 | 1,990 |
| B. Cash flow from investing activities | ||
| Capital expenditure on property plant and equipment and intangible assets (including capital work in progress, intangible assets under | (1, 294) | (644) |
| development, capital advances and capital creditors) | ||
| Proceeds from sale of property, plant and equipment | 86 | 4 |
| (Increase) / decrease in other bank balances | $\mathbf{1}$ | (4) |
| Maturity / (increase) in fixed deposits (not considered as cash and cash equivalent) | (1) | 99 |
| Purchase of current investments (mutual fund units) | (2, 286) | (1,035) |
| Sale of current investments (mutual fund units) | 1,928 | 901 |
| Interest received | 22 | 32 |
| Net cash used in investing activities (B) | (1, 544) | (647) |
| C. Cash flow from financing activities | 47 | $\overline{7}$ |
| Proceeds from Issue of equity shares (including securities premium) | 549 | 2,568 |
| Proceeds from long-term borrowings | (177) | (3, 257) |
| Repayment of long-term borrowings | 973 | 902 |
| Proceeds from short-term borrowings Repayment of short-term borrowings |
(715) | (1, 599) |
| Principal Payment of lease liabilities | (186) | (117) |
| Interest on lease liabilities | (39) | (38) |
| Interest paid on borrowings | (111) | (192) |
| Unclaimed dividend paid | (1) | (1) |
| Dividend paid | (647) | (647) |
| Dividend paid to non-controlling interests | (42) | (49) |
| Net cash used in financing activities (C) | (349) | (2, 423) |
| Net changes in cash and cash equivalents (A+B+C) | (165) | (1,080) |
| Cash and cash equivalents at the beginning of the period | 2.365 | 3,116 |
| Exchange difference on translation of foreign currency cash and cash equivalent | (2) | 1 |
| Cash and cash equivalents at the end of the period | 2,198 | 2,037 |
| EPL LIMITED (Formerly known as ESSEL PRDPACK LIMITED) | |
|---|---|
| CIN: L74950MH1982PLC028947 Ro d. Offlco : P.O. Vaslnd Taluka Shalla ur Dist. Thane Maharashtra - 421604 |
|
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS | |
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | |
| tlQ]'fil,~ 4 |
EPL Llmllod (the 'Holding Company') and lls subsidiaries are together referred to as 'tho Group' In the following notes. Tho above consolidated unaudlled nnanclal results (the 'resulls') has been proparod In accordanco wllh the recognition and measurement principles laid down In Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 or the Companies Act, 2013, and othor accounting principles generally accepted In India and Is In compliance with the presentation and disclosure requirements or Regulation 33 or tho SEBI (Listing Obligations and Disclosure Requirements) Rogulatlons, 2015 (as amended). These results have been reviewed by the Audit Committee and approved by the Board or Directors at tholr respectlvo meetings hold on 10 November 2021. The statutory auditors have corrled out a llmlled review of tho above consolidated unaudited nnanclal resulls. |
| 5 | Exceptional Iiams or Rs. 161 million for the half year endod 30 September 2020 and for the year ended 31 March 2021, represent Impairment of assets and other associated costs on account of scaling down the business or ono of the overseas operallng units. |
| 6 (a) The Holding Company acquired 72.46% eqully shares In Creative Styto Packs Private Llmlled (CSPL) and accordingly CSPL bocame tho subsidiary of the Group w.e.f. 1 February 2021. The Board or Dlroctors of the Holding Company end CSPL had approved the Scheme of amalgamation or mergor of CSPL with the Holding Company under Section 230 to 232 of the Companies Act, 2013 end other applicable statutory provisions ('lho Morgo(). During tho quarter ended 30 September 2021, the Holding Company has recolvod no objection to the Scheme from National Stock Exchango of India Limited and BSE Limited pursuant to the provisions of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the Holding Company end CSPL have filed application with National Company Law Tribunal, Mumbai Bench (NCLT) In relation to the Morger, pursuant to appllcablo provision of the Companies Act, 2013. Tho Scheme Is subject to requisite approvals of Shareholders or the Holding Company, NCLT and regulatory authorities as may be applicable. |
|
| 6 (b) The financial results of CSPL have been Included In the above results from 1 February 2021 and onwards. | |
| 7 | The Board of Directors or the Holding Company have declared and approved Interim dividend or Rs. 2.15 por oqu\ly share of face value Rs. 2 each, at tho meeting held on 10 ~ovember 2021. The record dale for the said purpose Is fixed as 19 November 2021. |
| 8 | The Group has considered the possible effects that may result from the COVID-19 pandemic, In the preparation of these results, Including rocoverabllity of tho carrying value or financial and non-financial assets. |
| 9 | The Board of Directors, on the recommendation of Nomination and Remuneration Committee, appointed Mr. Anand Kripelu as tho Managing Director and Chief Executive Officer for a period of five years with effect from 10 August 2021. |
| 10 | Pursuant to the exercise of employee stock options under Employoos Stock Option Schema 2020, tho Holding Company has allotted 200,076 equity shares of face value Rs. 2 each at a premium of Rs 159 per share, during tho quarter ended 30 Soptembor 2021. |
| 11 | Amouots shown as 'O' In the above results represent value less than Rupee one million. |
| 12 | Figures for tho previous period have been regrouped/ reclassified wherever necessary to conform to current period's presentation. |
| Place : Mumbai | llf'-.ftlV'-'4'-1,-UL ~ Llmlte "" ' Krlpalu Manag ng Director and Ch Otncer Date: 10 November 2021 |
Walker Chandiok &.Co LLP
Walker Chandiok & Co LLP 11th Floor, Tower II, One International Center, S B Marg, Prabhadevi {W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601
Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors of EPL Limited (formerly, Essel Propack Limited)
-
- We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of EPL Limited (formerly, Essel Propack Limited) ('the Company') for the quarter ended 30 September 2021 and the year to date results for the period 1 April 2021 to 30 September 2021, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
-
- 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 and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 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 the Standards on Auditing specified under section 143(10) of the Act, 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.
Page 1 of 2
Cha,lered h:countanls
Offices In Bengaluru, Chandig~h, Chennai, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, New Delhi, Noida and Pune
Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
EPL Limited (formerly, Essel Propack Limited)
Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or th ·1 contains any material misstatement.
For Chart Firm /N500013
Rak Pa Me Ip No: 109632
UDIN:21109632AAAARl3788
Place: Mumbai Date: 10 November 2021
Page 2 of 2
Chartered Accooolants
Offices in Beogalutu, Chandiga-h, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida 311d Puna
Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
| EPL Limited (Formerly known as Essel Propack Limited) Regd. Office: P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra-421 604 |
CIN L74950MH1982PLC028947 | ||||||
|---|---|---|---|---|---|---|---|
| STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS | |||||||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | (Rs. In million, except per share data) | ||||||
| Particulars | Quarter ended | Half year ended | Year ended | ||||
| $30-Sep$ | $30 - Jun$ | $30-Sep$ | $30-Sep$ | $30-Sep$ | 31-Mar | ||
| 2021 | 2021 | 2020 | 2021 | 2020 | 2021 | ||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| 1 | Income | ||||||
| Revenue from operations a. b. Other income (Refer note 8) |
2,470 | 2,200 | 2,254 829 |
4,670 946 |
4,130 848 |
8,409 1.143 |
|
| Total income | 665 3,135 |
281 2,481 |
3,083 | 5,616 | 4,978 | 9,552 | |
| $\overline{2}$ | Expenses | ||||||
| Cost of materials consumed a. |
1,202 | 1.049 | 990 | 2.251 | 1,746 | 3,570 | |
| Changes in inventories of finished goods and goods-in-process b. |
(40) | (28) | (34) | (68) | (20) | (3) | |
| Employee benefits expense c. |
325 | 286 | 295 | 611 | 611 | 1,261 | |
| Finance costs d. |
33 | 34 | 38 | 67 | 85 | 148 | |
| Depreciation and amortisation expense е. |
200 | 204 | 230 | 404 | 464 | 896 | |
| Other expenses f. |
547 | 508 | 468 | 1.055 | 940 | 1,938 | |
| Total expenses | 2,267 | 2,053 | 1,986 | 4,320 | 3,826 | 7,810 | |
| 3 | Profit before tax for the period (1-2) | 868 | 428 | 1,097 | 1,296 | 1,152 | 1,742 |
| 4 | Tax expense | W. | |||||
| a) Current tax - current period | 91 | 63 | 205 | 154 | 219 | 285 | |
| - earlier period | (13) | (13) | |||||
| b) Deferred tax charge/(credit) | (14) | (14) | (48) | (28) | (51) | (73) | |
| Total tax expense | 77 | 36 | 157 | 113 | 168 | 212 | |
| 5 | Net Profit after tax for the period (3-4) | 791 | 392 | 940 | 1,183 | 984 | 1,530 |
| 6 | Other comprehensive income / (loss) | ||||||
| Items that will not be reclassified to profit or loss | 4 | (3) | (5) | (10) | (13) | ||
| Income tax effect on above | (1) | 1 | (0) | 3 | |||
| Other comprehensive income /(loss) for the period (net of tax) | (2) | (4) | (7) | (10) | |||
| $\overline{7}$ | Total comprehensive income for the period (5+6) | 794 | 390 | 936 | 1,184 | 977 | 1,520 |
| 8 | Paid-up equity share capital (Face Value Rs. 2 each) | 632 | 631 | 631 | 632 | 631 | 631 |
| 9 | Other equity | 6,714 | |||||
| 10 | Earnings Per Share (EPS) (in Rs.) ^ | ||||||
| (a) Basic | 2.51 2.50 |
1.24 1.24 |
2.98 2.98 |
3.75 3.74 |
3.12 3.12 |
4.85 4.84 |
|
| (b) Diluted (^ Quarterly and half yearly figures are not annualised) |
|||||||
| See accompanying notes to standalone unaudited financial results. |
$\frac{1}{\sqrt{2}}$
$\mathbf{r}$
| EPL Limited (Formerly known as Essel Propack Limited) | ||
|---|---|---|
| CIN L74950MH1982PLC028947 | ||
| Regd. Office: P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra-421 604 | ||
| STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS | ||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | ||
| Note 1: STANDALONE STATEMENT OF ASSETS AND LIABILITIES | ||
| (Rs. in million) | ||
| As at 30 Sep |
As at 31 Mar |
|
| Particulars | 2021 | 2021 |
| (Unaudited) | (Audited) | |
| Assets | ||
| Non-current assets (a) Property, plant and equipment |
||
| (b) Capital work-in-progress | 2,829 53 |
3,097 25 |
| (c) Right of use assets | 383 | 399 |
| (d) Intangible assets | 60 | 66 |
| (e) Intangible assets under development | 32 | 46 |
| (f) Investments in subsidiaries | 3,441 | 3,420 |
| (g) Financial assets | ||
| (i) Investments | 162 | 162 |
| (ii) Other financial assets | 101 | 126 |
| (h) Deferred tax asset (net) | 89 | 61 |
| (i) Income tax assets (net) (j) Other non-current assets |
6 432 |
27 49 |
| Total non-current assets | 7,588 | 7,478 |
| Current assets | ||
| (a) Inventories | 941 | 888 |
| (b) Financial assets | ||
| (i) Trade receivables | 1,799 | 1,772 |
| (ii) Investments | 361 | |
| (iii) Cash and cash equivalents | 343 | 167 |
| (iv) Bank balances other than cash and cash equivalents (v) Other financial assets |
45 128 |
45 100 |
| (c) Other current assets | 475 | 352 |
| Total current assets | 4,092 | 3,324 |
| Total assets | 11,680 | 10,802 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital | 632 | 631 |
| (b) Other equity | 7,347 | 6,714 |
| Total equity Liabilities |
7,979 | 7,346 |
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 886 | 690 |
| (ii) Lease liabilities | 292 | 300 |
| (b) Other non current liabilities | 22 | 25 |
| (c) Provisions | 161 | 158 |
| Total non-current liabilities Current liabilities |
1,361 | 1,173 |
| (a) Financial liabilities | ||
| (i) Borrowings | 753 | 773 |
| (ii) Lease liabilities | 120 | 117 |
| (iii) Trade payables | ||
| - Dues of micro enterprises and small enterprises | 86 | 65 |
| - Dues of creditors other than micro enterprises and small enterprises | 1,029 | 934 |
| (iv) Other financial liabilities | 182 | 237 |
| (b) Income tax liabilities (net) (c) Other current liabilities |
17 | |
| (d) Provisions | 42 111 |
44 113 |
| Total current liabilities | 2,340 | 2,283 |
| Total equity and liabilities | 11,680 | 10,802 |
$\epsilon_{\rm{max}} = \epsilon_{\rm{max}}$
| EPL Limited (Formerly known as Essel Propack Limited) CIN L74950MH1982PLC028947 |
||
|---|---|---|
| Regd, Office : P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra-421 604 | ||
| STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS | ||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | ||
| Note 2: STATEMENT OF CASH FLOWS | ||
| (Rs. in million) | ||
| Half year ended 30-Sep-21 |
30-Sep-20 | |
| Particulars | Unaudited | Unaudited |
| A. Cash flow from operating activities | 1,296 | 1,152 |
| Profit before tax Adjustments for: |
||
| Depreciation and amortisation expense | 404 | 464 |
| Interest expense | 61 | 77 |
| Interest income | (7) | (33) |
| Share-based payment (credit)/expense (net) | 28 | 23 |
| Unwinding of discount on security deposits | (3) $\bf{0}$ |
(4) (0) |
| Net gain/(loss) on disposal of property, plant and equipment | (87) | |
| Gain on redemption of preference shares in subsidiary | (3) | (1) |
| Gain on sale of current investments (net) | (914) | (713) |
| Dividend Income Bad and doublful debts (net of provision) |
$\overline{2}$ | 6 |
| Inventory written down | 11 | 8 |
| Foreign exchange adjustments (net) | 4 | $\mathbf 0$ |
| Operating profit before working capital changes | 879 | 893 |
| Adjustments for: | (154) | (262) |
| (Increase) / decrease in trade and other receivables (Increase) / decrease in inventories |
(64) | (63) |
| Increase /(decrease) in trade and other payables | 57 | 168 |
| Cash generated from operations | 718 | 736 |
| Direct taxes paid (net of refunds) | (102) | (76) |
| Net cash generated from operating activities (A) | 616 | 660 |
| B. Cash flow from investing activities | ||
| Capital expenditure on property plant and equipment and intangible assets (including capital work in progress, intangible assets under development, capital advances and capital creditors) |
(470) | (60) |
| Proceeds from sale of property, plant and equipment | 11 2 |
1 (4) |
| (Increase) / decrease in other bank balances | 475 | |
| (Maturity)/ increase in fixed deposits (not considered as cash and cash equivalent) | (1) | 224 |
| Redemption of preference shares in subsidiary Purchase of current investments (mutual fund units) |
(2, 286) | (1,035) |
| Sale of current investments (mulual fund units) | 1,928 | 901 |
| Interest received | 7 | 33 |
| Dividend received from subsidiaries | 914 | 713 |
| Net cash from investing activities (B) | 105 | 1,248 |
| C. Cash flow from financing activities | ||
| Proceeds from issue of equity shares [including securities premium] | 47 | $\overline{7}$ |
| Proceeds from long-term borrowings | 416 | 111 |
| Repayment of long-term borrowings | (7) | (951) |
| Proceeds from short-term borrowings | 250 | |
| Repayment of short-term borrowings | (234) | (550) |
| Principal payment of lease liabilities | (58) | (69) |
| Interest payment of lease liabilities | (17) (44) |
(20) (41) |
| Interest paid on borrowings | (1) | (1) |
| Unclaimed dividend paid | (647) | (647) |
| Dividend paid Net cash used in financing activities (C) |
(545) | (1, 910) |
| 176 | (2) | |
| Net changes in cash and cash equivalents(A+B+C) | 167 | 651 |
| Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period |
343 | 649 |
$\alpha$ $\mathcal{A}$
EPL Limited (Formerly known as Essel Propack Limited)
CIN L74950MH1982PLC028947
Regd, Office : P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra-421 604
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021
Note 3: Additional disclosure as per Clause 52(4) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015 (as amended).
$\sim$
$\epsilon_{\rm{max}} \sim \epsilon_{\rm{max}}$
| Quarter ended | Half year ended | Year ended | |||||
|---|---|---|---|---|---|---|---|
| Particulars | $30-$ Sep | $30 - Jun$ | $30-Sep$ | $30-Sep$ | $30-Sep$ | 31-Mar | |
| 2021 | 2021 | 2020 | 2021 | 2020 | 2021 | ||
| a) | Debenture redemption reserve (Rs in million) | 125 | 125 | ||||
| b) Net Worth (Rs in million) (Total equity less capital reserve) |
7,580 | 7,347 | 6,935 | 7,580 | 6,935 | 6,947 | |
| C) | Net profit after tax (Rs in million) | 791 | 392 | 940 | 1,183 | 984 | 1,530 |
| d) | Basic earning per share (Not annualised) | 2.51 | 1.24 | 2.98 | 3.75 | 3.12 | 4.85 |
| e) | Diluted earning per share (Not annualised) | 2.50 | 1.24 | 2.98 | 3.74 | 3.12 | 4.84 |
| $\left( \right)$ | Debt-Equity ratio (in times) (Total Borrowings/Total equity) |
0.21 | 0.18 | 0.12 | 0.21 | 0.12 | 0.20 |
| g) h) |
Long term Debt to Working Capital (in times) [(Non current borrowings + current maturities of long term borrowings)/(Current assets less current liabilities excluding current maturities of long term borrowings)] Total Debts to Total Assets ratio (in %) |
0.57 | 0.53 | 0.27 | 0.57 | 0.27 | 0.68 |
| (Total Borrowings/Total Assets) | 14% | 12% | 9% | 14% | 9% | 14% | |
| i) | Debt service coverage ratio (in times) [Cash profit before finance costs (excluding IND AS 116 impact)/((Finance cost (excluding IND AS 116 impact) + Principal repayment (excluding prepayment) during the year)] Interest service coverage ratio (in times) |
38.63 | 17.75 | 10.01 | 26.82 | 9.35 | 2.90 |
| j) | (Earning before finance costs and tax/ Finance costs) | 26.90 | 13.62 | 30.16 | 20.23 | 14.59 | 12.76 |
| k) Current ratio (in times) (Current assets/current liabilities) |
1.75 | 1.72 | 1.92 | 1.75 | 1.92 | 1.46 | |
| $\mathbf{I}$ | Bad debts to accounts receivable ratio (in %) (Bad debts/Average trade receivable) |
0.04% | 0.10% | 0.15% | 0.14% | 0.42% | 0.86% |
| m) Current liability ratio (in %) (Current liabilities/Total liabilities) |
63% | 63% | 74% | 63% | 74% | 66% | |
| n) | Deblors lumover (In limes) (Revenue from operations of trailing twelve months /Average trade receivable) |
5.02 | 4.93 | 4.92 | 5.01 | 5.37 | 5.35 |
| O) | Inventory turnover (in times) (Revenue from operations of trailing twelve months/Average inventory) |
9.58 | 9.63 | 9,56 | 9.79 | 9,46 | 9.79 |
| p) | Operating margin (In %) (Profit before depreciation, interest and tax less other income/Revenue from operations) |
18% | 18% | 24% | 18% | 21% | 20% |
| $\alpha$ | Net profit margin (in %) (Profit after tax/ Revenue from operations) |
32% | 18% | 42% | 25% | 24% | 18% |
The Company has redeemable non-convertible debentures totalling to face value of Rs. 500 million in 3 series i.e. Rs.100 million (Series 1-A), Rs. 200 million (Series 1-C) which are listed on the stock exchange. CARE has a
$\bar{\omega}$
| EPL Limited (Formerly known as Essel Propack Limited) | |||||||
|---|---|---|---|---|---|---|---|
| Regd. Office: P.O. Vasind, Taluka Shahapur, Dist. Thane, Maharashtra-421 604 | CIN L74950MH1982PLC028947 | ||||||
| STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS | |||||||
| FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 | |||||||
| NOTES: $\boldsymbol{A}$ |
The above standalone unaudited financial results (the 'results') are prepared in accordance with 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 are in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10 November 2021. The statutory auditors have carried out a limited review of the above results for the quarter and half year ended 30 September 2021. |
||||||
| 5 6 |
Amounts shown as '0' in the results represent value less than Rupee one million. The Company has acquired 72.46% equity shares in Creative Stylo Packs Private Limited (CSPL) and accordingly CSPL has become the subsidiary of the Company w.e.f. 1 February 2021. The Board of Directors of the Company and CSPL had approved the Scheme of amalgamation or merger of CSPL with the Company under Section 230 to 232 of the Companies Act 2013 and other applicable statutory provisions (the Merger). The Company has received no objection to the Scheme from National Stock Exchange of India Limited and BSE Limited pursuant to the provisions of Regulation 37 |
||||||
| of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Subsequently, the Company and CSPL have filed application with National Company Law Tribunal, Mumbai Bench (NCLT) in relation to the Merger, pursuant to applicable provision of the Companies Act 2013. The Scheme is subject to requisite approvals of Shareholders of the Company, NCLT and regulatory authorities as may be applicable. |
|||||||
| $\overline{7}$ 8 |
The Company has considered the possible effects that may result from the COVID-19 pandemic, in the preparation of these results, including recoverability of the carrying value of financial and non-financial assets. Other income includes: |
||||||
| Quarter ended | Half year ended | Year ended | |||||
| 30-Sep | $30 - Jun$ | 30-Sep | $30-Sep$ | 30-Sep | 31-Mar | ||
| 2021 | 2021 | 2020 | 2021 | 2020 | 2021 | ||
| Dividend income received from wholly owned subsidiaries Gain on redemption of preference shares held in subsidiary |
653 ٠ |
261 | 713 87 |
914 ۰ |
713 87 |
932 130 |
|
| The Board of Directors, on the recommendation of Nomination and Remuneration Committee, appointed Mr. Anand Kripalu as the Managing Director and Chief Executive Officer for a period of five years with effect from 18 August 2021. |
|||||||
| Pursuant to the exercise of employee slock options under Employees Stock Options Scheme 2020, the Company has allotted 290,076 equity shares of face value Rs. 2 each at a premium of Rs. 159 per share, during the quarter ended 30 September 2021. Pursuant to Employees Stock Option Scheme 2020, the Company has granted 1,526,718 stock options during the quarter ended 30 September 2021, The Board of Directors have declared and approved interim dividend of Rs. 2.15 per equity share of face value Rs. 2 each, at the meeting held on 10 November 2021. The record date for the said purpose is fixed as 19 November 2021. The Company publishes standalone financial results along with the consolidated financial results, Accordingly, as per Ind AS 108 'Operating Segments', |
|||||||
| 9 | no disclosures related to the segments are presented in these standalone unaudited financial results. Amounts for the previous period have been regrouped/ reclassified wherever necessary to confirm to current period's presentation. |
||||||
| $\mathcal{M}$ | For EPL Limited Formerly known as Essel Propack Cimited) | ||||||
| 10 11 12 13 14 Place: Date: |
Mumbai 10 November 2021 |
MB/ | Managing Director and Chief Executive Officer | Anand Kripalu |
$\lambda_{\rm max} = 1/\sqrt{2}$
EPL LIMITED
(Formerly known as ESSEL PROPACK LIMITED)
Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
Lower Pare!, Mumbai 400013.
Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
Tel: +91 9673333971 CIN: L74950MH1982PLC028947 GLOBAL OPERATIONS
EXTRACT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021
| IRs. In MIiiion exceot oer share data) | |||||
|---|---|---|---|---|---|
| Quarter ended |
Quarter ended |
Half Year ended | Year ended | ||
| Particulars | 30-Sep-2021 | 30-Sep-2020 | 30-Sep-2021 | 31-Mar-2021 | |
| Unaudited | Unaudited | Unaudited | Audited | ||
| 1 | Total income | 8 715 | 7 745 | 16 759 | 31 061 |
| 2 | Profit before exceotional items and tax | 822 | 1 016 | 1 613 | 3 472 |
| 3 | Profit before tax for the oeriod after exceotional items | 822 | 1 016 | 1 613 | 3 31 1 |
| 4 | Profit after tax for the period attributable to the owners of the Comoanv |
507 | 670 | 1 ,086 | 2,391 |
| 5 | Total comprehensive income attributable to owners of the Company |
310 | 748 | 1,257 | 2,798 |
| 6 | Paid-up equity share capital (Face Value Rs 2/- each) | 632 | 631 | 632 | 631 |
| 7 | Other equity (excluding Revaluation reserves) | 16,350 | |||
| 8 | Earnings Per Share (EPS) (in Rs.)• | ||||
| Basic | 1.61 | 2.12 | 3.44 | 7.58 | |
| Diluted | 1.60 | 2.12 | 3.43 | 7.57 |
(' Quarter1y figures are not annualised)
!NOIA STANDALONE EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021
| Quarter ended |
Quarter ended |
Year ended | ||
|---|---|---|---|---|
| 30-Seo-2021 | 30-Seo-2020 | 30-Seo-2O21 | 31-Mar-2021 | |
| Unaudited | Unaudited | Unaudited | Audited | |
| Total income | 3,135 | 3,083 | 5,616 | 9,552 |
| Profit before exceotional items and tax | 868 | 1 097 | 1 296 | 1 742 |
| Profit / (loss) for the oeriod after exceptional items | 868 | 1 097 | 1 296 | 1 742 |
| Net Profit / /loss\ after tax for the oeriod | 1 530 | |||
| Total comprehensive income/ (loss\ for the oeriod | 794 | 936 | 1 184 | 1 520 |
| Paid-uo eauitv share caoital /Face Value Rs 2/- each\ | 632 | 631 | ||
| Other eauitv lexcludina Revaluation reserves\ | 6 714 | |||
| Net Worth | 7,580 | 7,580 | 6,947 | |
| Outstanding Redeemable Preference Shares | - | - | ||
| 10 Debt Equity Ratio | 0.21 | 0.21 | 0.20 | |
| Basic | 2.51 | 3.75 | 4.85 | |
| Diluted | 2.50 | 3.74 | 4.84 | |
| (• Quarterly figures are not annualised) | ||||
| 12 Capital Redemption Reserve | - | - | - | |
| 13 Debenture Redemption Reserve | - | - | ||
| 14 Debt Service Coverage Ratio | 38.63 | 26.82 | 2.90 | |
| 15 Interest Service Coverage Ratio | 26.90 | 20.23 | 12.76 | |
| Particulars 11 Earninas Per Share IEPS\ /in Rs.)• |
791 - |
940 631 6,935 - 0.12 2.98 2.98 10.01 30.16 |
IRs. In MIiiion excent ner share datal Half Year ended 1 183 632 - - 125 |
NOTES:
1 The above unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 1 O November 2021.
2 The above is an extract of the detailed format of the standalone and consolidated unaudited financial results for the quarter and half ended 30 September 2021 filed with stock exchange pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- 3 The full format of the standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2021 are available on the Stock Exchange websites (www.bseindia.com and www.nseindia.com) and on the Company's website (www .eplglobal.com ).
- 4 For the other line items referred in regulation 52( 4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertinent disclosures have been made to the Stock Exchanges and are available on the Stock Exchange websites (www.bseindia.com and www.nseindia.com) and on the Company's webs!te (www.eplglobal.com). '~ 8 Fo, EPL Llmll•d (Fo merly !mown as Essel Pr€ Limited)
'-'- * ~ -
qj t '- Place: Mumbai j MUMBAI 1) 4-·-ukl:2: 8 ~(j Krlpalu Date : 10 November 2021 ~ A Managi hg Director and Chle ,ve Officer