5 November 2022

1 Corporate Service Department·	l The Listing DepartmentI
! BSE Limited	I National Stock Exchange of India Ltdj
l 25th Floor, Phiroze Jeejeebhoy Towers,	I Exchange Plaza, Plot no. C/1, G Block,l
j Dalal Street, Mumbai 400001	I! Bandra-Kurla Complex, Bandra (E)
1	l Mumbai 400051l
! scrip:. Equity.50013 5. _NCDs _9603_1 o. & . 96031. 1	1 Trading Symbol: EPL J

Ref.: EPL Limited

Sub.: Unaudited financial results for the quarter and half year ended 30 September 2022 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 5 November 2022, inter alia, has approved the following.

1 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 ie 15 November 2022. The Interim Dividend will bepaid on or from 16 November 2022 by way of direct credit or dispatch of warrants/demand drafts or electronic mode to those who are members as on record date.
2 Unaudited financial results for the quarter and half year ended 3 0 September 2022 of the Company's India standalone operations and consolidated global operations.

Please find attached herewith the above mentioned unaudited financial results and limited review reports issued by Mis. Walker Chandiok & Co LLP, the Statutory Auditors of the Company, on the above-mentioned financial results.

The above referred meeting was commenced at 11 :35 am and concluded at 2: 10 p.m.

The above is pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for your information and record.

Thanking You

Sur sfi avaliya SVP - Legal & Company Secretary

Encl.: As above

Filed online

Walker Chandiok &.Co LLP

Walker Chandlok &Co LLP 11th Floor;Tower 11, One International Center; S 8 Marg, Prabhadevl ON), Mumbai .. 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 280.1

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Firttmcial Result$. and Year to Date Results ofthe·Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of EPLLlmlted (formerly, EsselPropack Limited)

1. We have reviewed the accompanying statement of unaudited consolidated 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 2022 and the consolidated year to date results for the period 01 April 2022 to 30 September 2022, being submitted by the Holding·· Company pursuant to the rE!qulrements of Regulation 33 of the SEBI {Listing ObUgatlons and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations').
1. 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 Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
1. 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 lndependentAuditoroHhe 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 le$s in scope than.ah 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. Accordlngly1 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 Listing Regulation, to the extent applicable. - ·

Page 1 of 4

Charleled Aoooonlants

Offices In Boogaluru, Ch~ndigarh, Chennal, Gurugram, Hyderabad, Koclll, Kclkala, Mumbai, New Delhi, Nolda and Puna

Waler Chandlok & Co LLP ls registered Wllh.llmlted liablllty.wlth ldenllffcalion numbetMC2085 and has its registered office at L~41, CoMaughtClrcus, Outer Clrde, New Oelljl, 110001, lndla

EPL Limited (formerly, Essel Propack Limited)

Independent Auditor's Review Report on Consolidated UnatJdlted Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 ofthe SEBI (Listing .Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

1. Based on our review conducted and procedures performed as .stated in. paragraph 3 above and upon consideration of the review reports of 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 recogriftion and measurement principles laid down in Ind AS.34, prescribed under section 133ofthe 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 arnended), including the mann_er In which it is to be disclosed, or that it contains any material misstatement.
1. We did not review the interim financial Information/ interim financial results of six (6) subsidiaries included in the Statement whose interim financial information/ hiterim financial results (before ellml.nattng Inter-company transactions and balances) reflects total assets of , 23,330 million as at 30 September 2022, total revenues of, 5,848 million and, 10,155 million, total net profit after tax of , 1,379 million and, 1,614 mlllion,·total comprehensive income of, 1,379 million and ,·t,614 million, for the quarter and year-to-date period ended on 30 September 2022, respectively, and cash outflows (net) of , 282 million for the six-months period ended 30 September 2022, as considered in the Statement. The interim financial information/ interim financial results of six (6) subsidiaries have been reviewed by other auditors and 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, these six (6) subsidiaries are located outside India. whose Interim financial information/ interim financial results have been prepared in accordance with accounting principles generally accepted In the.fr respective countries and which have been reviewed by other auditors based on standard on review , engagement 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 other 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 the other auditors.

Page2 of4

Cha1l0fod Accountant&

Offices in B&ngaluru, Chandigam, Chennai, Gurugram, Hyderabad, Koehl, Kolkata, Mumbai, New Deihl, Nolda and Puna

Walker Chandlok & Co LLP Is registered .wlth limited llabUl.tywlth Identification number AAC-2085 and.has Its registered office at L-41, Connaught Circus, Ou.ter Clrcie, New Delhi, 110001; lmffa

EPL Limited (formerly, Essel Propack Limited) Independent Auditor's Revf ew Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant tc, the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

The Statement includes the interim financial Information oftwo (2) subsidiaries, which have not been reviewed by their auditors, whose interim Unancial information (before eliminating inter-company transactions and balances) reflects total assets of, 592 million as at 30 September 2022. and total revenues of , · 4 million and , 7 million. net loss after tax of , 20 million and , 20 million, total comprehensive loss of , 20 million and i!:' 20 million for the quarter and year-to-date period ended 30 September 2022 respectively, and cash flows (net) of·, 40 million for the six-months period ended 30 September 2022 as considered in the Statement. The Statement . .also includes the Group's share of net loss after tax of, 8 million and f 30 million, and total comprehensive loss of, a million and t 30 million for the quarter and year-to~date period ended on 30 September 2022 respectively. in respect of one (1) associate based on its interim financial Information, which have not been reviewed by Us auditors, and have been furnished to us by the. Holding Company's management Our conclusion on the Statement, in so far as It relates to the amounts and disclosures included in respE:!ct ofthese subsidiaries and associate. are based solely on such unrevlewed 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 is not modified In respect of this matter with respect to our reliance on the internalfinanclal information certified by the Holding Company's managem·ent.

CoLLP N/NS000-13

Rakesh • garwal Partne Membership No:109632

UDIN:22109632BCOGBH9497

Place: Mumbai Date: 05 November 2022

Page3 of4

Charter!Xl Aocouolanis

Offices In Bellgaluru, Chandlgarh, Chennal, Qnugram, Hyde<abad, Koehl, Kolkata, Mumbai, New Deihl, Nolda and Pune

WalkerChandlQk& Co LLP Is o,glste,:ed with limited llab!llty with lderillflcallon number MC~2085 and has its reglJtered office at L-41, ConnaughtClrcus, Ot.lter .Circle, NeWOelhl, 110001,lndla

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 entitf es Included in the Statement

Subsidiaries:

1. Lamitube Technologies Limited
1. Lamitube Technologies (Cyprus) Limited
1. Arista Tubes Inc.
1. EPL America, LLC (formerly known as Essel Propack America, LLC)
1. Laminate Packaging Colombia SAS (formerly known as Essel Colombia. SAS.)
1. EPL Propack de Mexico, S.A. de C.V. (formerly known as Essel de Mexico, S.A. de C.V.)
1. EPL Deutschland Management GmbH (formerly known as Essel Deutschland Management GmbH)
1. EPL Deutschland GmbH & Co. KG (formerly known as Essel Deutsohland GmbH & Co. KG)
1. EPL Misr for Advanced Packaging S.A.E. (formerly known as Es.set Propack MISR for Advanced Packaging SAE.)
1 O. EPL Packaging (Guangzhou) Limited (formerly known as Essel Packaging (Guangzhou) Limited)
1. EPL Packaging (Jiangsu} Limited (formerly known as Essel Packaging (Jiangsu) Limited)
1. EPL Propack Philippines, Inc {formerly known as Essel Propack Philippines, Inc.)
1. EPL Propack LLC (formerly known as Essel Propack LLC)
1. EPL Poland sp. z.o.o (formerly known as Essel Propack Polska sp. z.o.o.) 15. EPL Propack UK Limited (formerly known as Essel Prepack UK Limited)
1. MTL De Panama, SA
1. Tubopack de Colombia S.A.S. (Refer Note 5 of the Statement)
1. Creative Style Packs Private Limited (Refer Note 6 otthe Statement)
1. EPL Brasil L TOA. (from 25 May 2022)

Associate:

PT. Lamlpak Primula

Paga4of 4

Chartered Accountants

Offi~s In &ngalUIII, Chsndigllh, Chemial, Gurugram, Hyderabad, Koclli, l<olkata, Mumbai, New Deihl, Nolda and Pune

Walker Chandlok & CQ.LLP is registered with llmlled llabllitywlU, ldentllicallon number AAC-2085 and has its registered office at L-41,. Connaught Circus, Outer Circle, New Delhi, 110001, India

	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
	Tel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
						(Rs in million, except per share data)
Particulars			Quarter ended			Half year ended	Year ended

		30-Seo2022	30-lun2022	30-Sep2021	30-Seo2022	30-Seo2021	31-Mar2022
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Income
a.	Revenue from operations	9,481	8,318	8,701	17,799	16,692	34,328
b.	Other income	68	42	14	110	67	120
	Total income	9,549	8,360	8,715	17,909	16,759	34,448
2	Expenses
a.	Cost of materials consumed	4,421	3,889	3,840	8,310	7,410	15,744
b.	Changes in inventories of finished goods andwork-in-progress	(63)	(234)	(57)	(297)	(256)	(568)
c.	Employee benefits expense	1,714	1,654	1,629	3,368	3,186	6,500
d.	Finance costs	157	122	97	279	186	403
e.	Depreciation and amortisation expense	664	652	622	1,316	1,241	2,514
f.	Other expenses	1,923	1,753	1,695	3,676	3,309	6,891
	Total expenses	8,816	7,836	7,826	16,652	15,076	31,484
3	Profit before share of profit / (loss) of an associate,exceptional items and tax (1-2)	733	524	889	1,257	1,683	2,964
4	Share of loss from associateProfit before exceptional items and tax (3+4)	(8)725	(22)502	(67)822	(30)1,227	(70)1,613	(76)2,888
56	Exceptional items (Refer note 5)	-	(11)	-	(11)	-	-
7	Profit before tax for the period (5+6)	.725	491	822	1,216	1,613	2,888
8	Tax expense
i)	Current tax- current period	332	155	305	487	522	753
ii)	- earlier periodDeferred tax charae / (credit)	7(90)	(1)(13)	2(10)	6(103)	(19)(17)	(28)(50)
	Total tax expense	249	141	297	390	486	675
9	Net Profit after tax for the oeriod (7-8)	476	350	525	826	1,127	2,213
10	Other comprehensive income/ (loss)
a.	Items that will not be reclassified to profit or loss
	- Remeasurement gains/(losses) on defined benefit plan	4	(0)	4	4, (1)	1	1
b.	- Income tax effects relatina to aboveItems that will be reclassified to profit or loss	(1)	0	(1)		0	(0)
	- Exchange differences on translation of financial results offoreign operations	(278)	(77)	(201)	(355)	171	261
	- Income tax effects relating to above	-	-	-	-	-	-
	Total Other comprehensive income/(loss) (net of tax)	(275)	(77)	(198)	(352)	172	262
11	Total comprehensive income for the period (9+10)	201	273	327	474	1,299	2,475
12	Net Profit for the period attributable to:
	Owners of the Holding Company	462	334	507	796	1,086	2,144
	Non-controlling interest	14	16	18	30	41	69
13	Other comprehensive income/(loss) attributable to:
	Owners of the Holding Company	(275)	(78)	(197)	(353)	171	273
	Non-controlling interest	0	1	(1)	1	1	(11)
14	Total comprehensive income attributable to:
	Owners of the Holding Company	187	256	310	443	1,257	2,417
	Non-controlling interest	14	17	17	31	42	58
1516	Paid-up equity share capital (Face Value Rs. 2 each)Other equity	632	632	632	632	632	63217,613
17	Earnings per share (EPS) (in Rs.) "'
	Basic	1.46	1.06	1.61	2.52	3.44	6.79
	Diluted	1.46	1.06	1.60	2.52	3.43·-	6.77
	(''" Quarterly figures are not annualised)

	EPL LIMITED
(Formerly known as Essel Prepack Limited)

	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91 22 24819000/9200,[email protected],www.eplglobal.comRegd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra

	Tel: +91 9673333971 CIN: L74950MH1982PLC028947STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS

	FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
							(Rs in million)
	Note 1 : Consolidated Segment Information		Quarter ended			Half year ended	Year ended

		30-Seo	30-Jun	30-Seo	30-Seo	30-Seo	31-Mar
		2022	2022	2021	2022	2021	2022
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited

	Segment revenue from operations
a	AMESA	3,595	3,197	3,075	6,792	5,894	12,259
b	EAP	2,166	1,928	2,136	4,094	4,196	8,626
c	AMERICAS	2,226	1,973	1,860	4,199	3,499	7,362
d	EUROPE	2,050	1,972	1,882	4,022	3,666	7,484
ef	UnallocatedInter segmental elimination	4	3	3	7	6(569)	11
		(560)	(755)	(255)	(1,315)		(1,414)
	Total revenue from operations for the period	9,481	8,318	8,701	17,799	16,692	34,328
	Segment result
a	AMESA	333	309	352	642	663	1,293
b	EAP	377	247	353	624	698	1,277
c	AMERICAS	106	105	168	211	287	529
d	EUROPE	70	34	75	104	174	256
ef	UnallocatedInter segmental elimination	(10)(10)	(8)(83)	(7)	(18)(93)	(14)(6)	(44)(42)
	Total segment result for the period	866	604	31972	1,470	1,802	3,269

	Finance costs	(157)	(122)	(97)	(279)	(186)	(403)
	Other income (excluding gain/loss on foreign exchange	75	35	27	110	65	120
	fluctuations)Gain/(loss) on foreign exchange fluctuations (net)	(51)
			7	(13)	(44)	2	(22)
	Exceptional items - gain/(loss) (Refer note 5)		(11)		(11)
	Share of loss from associateProfit before tax for the period	(8)	(22)	(67)	(30)	(70)	(76)
		725	491	822	1,216	1,613	2,888
	Segment Assets
a	AMESA	11,607	11,195	10,337	11,607	10,337	10,558
b	EAP	7,655	8,337	7,807	7,655	7,807	8,153
c	AMERICAS	8,319	7,139	6,021	8,319	6,021	6,891
d	EUROPE	5,977	6,264	6,258	5,977	6,258	6,139
e	Unallocated	1,837	1,842	1,849	1,837	1,849	2,055
f	Inter segmental elimination	(1,328)	(1,285)	(552)	(1,328)	(552)	(870)
	Total	34,067	33,492	31,720	34,067	31,720	32,926
	Segment Liabilities
a	AMESA	2,954	3,024	2,547	2,954	2,547	2,488

bc	EAPAMERICAS	2,3081,752	2,4211,482	2,221	2,3081,752	2,2211,045	2,4591,296
d	EUROPE			1,045	1,523	1,258	1,412
e	Unallocated	1,5238,137	1,5787,108	1,2587,035	8,137	7,035	7,382
f	Inter segmental elimination	(1,056)	(1,016)	(406)	(1,056)	(406)	(692)
	Total	15,618	14,597	13,700	15,618	13,700	14,345

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 geographical segments. The items which are not allocated to segments are shown as "Unallocated".

Geographical Segments are:

a AMESA : Africa, Middle East and South Asia include operations in India and Egypt.

d EUROPE: includes operations in United Kingdom, Polana, Russia and Germany.

b EAP : East Asia Pacific includes operations in China and Philippines.

c AMERICAS : includes operations in United States of America, Mexico, Colombia and Brazil.

Tel: +91 9673333971 CIN: L74950MH1982PLC028947STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
		(Rs in million)
Note 2: Consolidated statement of assets and liabilities	As at30-Se	As at31-Mar
	2022	2022
	Unaudited	Audited
Assets
Non-current assets
(a) Property, plant and equipment	12,834	12,024
(b) Capital work-in-progress	1,095	1,446
(c) Right of use asset	1,1811,159	1,0611,159
(d) Goodwill on consolidation(e) Intangible assets	445	490
(f)Intangible assets under development	27	20
(g) Investment in associate accounted for using equity method	42	72
(h) Financial assets
(i) OthersDeferred tax assets (net)(i)	159348	133276
Income tax assets (net)(j)	93	136
(k) Other non-current assets	1,074	742
Total non-current assets,__ __________ 18,457 _		17,559
Current assets(a) Inventories	6,622	5,941
(b) Financial assets
(i) Current Investments	136
(ii) Trade receivables	5,9401,536	6,3671,868
(iii) Cash and cash equivalents(iv) Bank balances other than (iii) above	50	59
(v) Loans	8
(vi) Other financial assets	156	213
(c) Income tax assets (net)(d) Other current assets	321,130	913
Total current assets	15,610	15,367

Equity and liabilities	Total assets 1----------1--------34,067	32,926
Equity
(a) Equity share capital	632	632
(b) Other equity	17,705	17,613
Equity attributable to the owners of the Holding Company	18,337	18,245
(c) Non-controlling interest	11218,449	33618,581
Total equityLiabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings	4,106	3,620
(ii) Lease liabilities	898	783
(b) Deferred tax liabilities (net)(c) Other non-current liabilities	608117	619138
(d) Provisions	184	208
Total non-current liabilities 1-------------1----'--	5,913	5,368
Current liabilities
(a) Financial liabilities(i) Borrowings	3,295	2,952
(ii) Lease liabilities	324	316
(iii) Trade payables
- Dues of micro enterprises and small enterprises	684,812	4,464
- Dues of creditors other than micro enterprises and small enterprises(iv) Other financial liabilities	676	648
(b) Other current liabilities	266	308
(c) Provisions	141	131
(d) Income tax liabilities (net)	123	8,977
Tota I current liabilities 1----=------11---------Total equity a~d liabilities 1------------1-----'--	9,70534,067	32,926

EPL LIMITED
(Formerly known as Essel Prepack Limited)
Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
'Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200,[email protected],www.eplglobal.com
Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
Tel: +91 9673333971 CIN: L74950MH1982PLC028947
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
		(Rs in million)
Note 3: Consolidated statement of cash flows		Half year ended
	30-Sep	30-Sep
	2022	2021
	Unaudited	Unaudited
A. Cash flow from operating activities
Profit before tax	1,216	1,613
Adjustments for:
Depreciation and amortisation expense	1,316	1,241
Finance cost	279	186
Interest income	(29)	(22)
Share based payment expenses	73	50
Unwinding of discount on security deposits	(4)	(4)
Net gain on disposal of property, plant and equipment~	(1)	-
Impairment of financial / non-financial assets (net of write backs)	76	23
Exceptional items (Refer note 5)	11	-
Net gain on sale of mutual funds (current)	(1)	(3)
Share of loss from associate	30	70
Unrealised foreign exchange adjustments (net)	(187)	49
Operating profit before working capital changes	2,779	3,203
Adjustments for:
(Increase) / decrease in trade and other receivables	217	(503)
Increase in inventories	(768)	(619)
Increase in trade and other payablesCash generated from operations	2722,500	872,168
Direct taxes paid (net of refunds)	(426)	(415)
Net cash aenerated from operating activities (A)	2,074	1,753
B. Cash flow from investing activities
Capital expenditure on property plant and equipment and intangible assets (including capital work in	(2,013)	(1,294)
progress, intangible assets under development, capital advances and capital creditors)
Proceeds from sale of property, plant and equipment and intangible assets	42	86
(Increase) / decrease in other bank balances	4	1
Maturity/ (increase) in fixed deposits (not considered as cash and cash equivalent)	5	(1)
Purchase of mutual funds (current investments)	(1,800)	(2,286)
Sale of mutual funds (current investments)	1,665	1,928
Interest received	20	22
Net cash used in investing activities (B)	(2,077)	(1,544)
C. Cash flow fromfinancing activities
Proceeds from issue of equity shares (including securities premium)	-	47
Redemption of non-convertible debentures	(100)	-
Proceeds from long-term borrowings	1,413	549
Repayment of long-term borrowings	(626)	(177)
Proceeds from short-term borrowings	2,957	973
Repayment of short-term borrowings	(2,815)	(715)
Principal payment of lease liabilities	(208)	(186)
Interest paid on lease liabilities	(43)	(39)
Interest paid on borrowings	(221)	(136)
Dividend paid (including unclaimed dividend)	(680)	(648)
Dividend paid to non-controlling interests	-	(42)
Net cash used in financina activities (C)	(323)	(374)
Net changes in cash and cash equivalents (A+B+C)	(326)	(165)
Cash and cash equivalents at the beginning of the period	1,868	2,365
Exchanae difference on translation of foreian currency cash and cash eauivalent	(6)	(2)
Cash and cash eauivalents at the end of the period	1,536	2,198
---

	EPL LIMITED
	{Formerly known as Essel Prepack Limited)
	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, complianceofficer@eplglobaLcom, www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS
NOTES:	FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022

4	EPL Limited {the 'Holding Company') and its subsidiaries are together referred to as 'the Group' in the following notes. The aboveconsolidated unaudited financial results {the 'results') of the Group and its associate have been prepared in accordance with the recognitionand measurement principles laid down in Indian Accounting Standard 34 {'Ind AS 34'), prescribed under section 133 of the Companies Act,2013, and other accounting principles generally accepted in India and is in compliance with the requirements of Regulation 33 of the SEBI{Listing Obligations and Disclosure Requirements) Regulations, 2015 {as amended). These results have been reviewed by the AuditCommittee and approved by the Board of Directors at their respective meetings held on 5 November 2022. The statutory auditors havecarried out a limited review of the above consolidated unaudited financial results for the quarter and half year ended 30 September 2022.
5	Tubopack de Colombia S.A.S, a wholly owned step down subsidiary registered in Colombia, has completed its voluntary dissolution process on30 June 2022. Exceptional loss of Rs. 11 million for the quarter ended 30 June 2022 and half year ended 30 September 2022, representsexchange difference arising on translation of foreign operations of the above subsidiary, now reclassified to the profit and loss in accordancewith Ind AS 21 {"The effects of changes in foreign exchange rates") . The operations in Colombia is being continued through one of theexisting subsidiary namely Laminate Packaging Colombia S.A.S.
6	The Board of Directors of the Holding Company at its meeting held on 12 November 2020, had approved the scheme of amalgamation ofCreative Stylo Packs Private Limited {'CSPL' or 'transferor company'), with the Holding Company and their respective shareholders andcreditors {the "Scheme") under Section 230 to 232 of the Companies Act, 2013 and other applicable statutory provisions. The Hon'bleNational Company Law Tribunal, Mumbai Bench {'NCLT') has approved the aforesaid Scheme vide its order dated 16 September 2022pronouncing 01 February 2021 as the 'Appointed Date'. The certified true copy of the said order was received on 10 October 2022 and theorder was filed with the Registrar of Companies on 01 November 2022. Pursuant to the Scheme, the Holding Company has allotted 2,339,186equity shares of face value of Rs. 2 each, fully paid-up as per the share exchange ratio specified in the Scheme to the specified shareholdersof the transferor company. CSPL which hitherto considered as subsidiary till 16 September 2022, has now been merged with the HoldingCompany. Accordingly, the necessary impact of the above Scheme has been considered in the consolidated unaudited financial results from16 September 2022.
7	The Board of Directors of the Holding company at its meeting held on 05 November 2022 have declared and approved interim dividend ofRs. 2.15 per equity share of Rs. 2 each fully paid up. The record date for the said purpose is fixed as 15 November 2022.
8	Amounts shown as 'O' in the above results represent value less than Rupee one million.
9	The figures for the previous periods have been regrouped/ rearranged wherever necessary to conform to the current period's classification.
Place : Mumbai	ManagiDate : 5 November 2022

Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP

11 th Floor, Tower II, One International Center, SB 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)

1. 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 2022 and the year to date results for the period 01 April 2022 to 30 September 2022, 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) ('Listing Regulations').
1. 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 Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
1. 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

Chartered Accountants
Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Naida 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)

1. 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 that it contains any material misstatement.
1. We draw attention to Note 6 to the accompanying Statement, which describes that pursuant to the Scheme of Amalgamation ('the Scheme') between the Company and its subsidiary, namely Creative Stylo Packs Private Limited ('transferor company'), as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench vide its order dated 16 September 2022, the business of the transferor company has been transferred to and merged with the Company, and accounted for in accordance with the requirements of Ind AS 103, Business Combinations. Accordingly, the comparative financial information presented in the accompanying Statement has been restated as if the amalgamation had occurred from 01 February 2021. Our conclusion is not modified in respect of this matter.
1. The comparative financial information presented in the accompanying Statement for the quarter ended 30 June 2022, quarter and half year ended 30 September 2021 and for the year ended 31 March 2022, have been restated to give effect to the Scheme of Amalgamation between the Company and transferor company as explained in Note 6 to the accompanying Statement. Such financial information of the transferor company for the quarter and half year ended 30 September 2021 have been reviewed by the auditor of transferor company, and for the year ended 31 March 2022 has been audited by the auditor of transferor company, who issued unmodified conclusion vide review report dated 28 October 2021 and an unmodified opinion vide audit report dated 29 April 2022 respectively, which has been furnished to us by the management and have been relied upon by us for aforementioned purpose. Our conclusion is not modified in respect of this matter.

For Walker & Co LLP Chart Firm 1076N/N500013

Rakesh Partn Membership No:109632

UDIN:22109632BCDFZW8480

Place: Mumbai Date: 05 November 2022

Page 2 of 2

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Neida 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

(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200,[email protected],www.eplglobal.comRegd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022(Rs. in million exceot oer share data<br>ParticularsQuarter endedHalf vear endedYear ended30-Seo30-Seo30-Seo30-Seo31-Mar30-Jun202120222021202220222022UnauditedAuditedUnauditedUnauditedUnauditedUnauditedRestated (Refer note 6)Restated (Refer note 6)1 Incomea. Revenue from operations5,1983,1862,8402,7226,02610,853b. Other income <refer 7)<br="" note="">2466677979471 2335516,1453,7373,0863,3896,823Total income2 Expensesa. Cost of materials .consumed1,4631,3233,0562,5125,3721,593b. Changes in inventories of finished goods and work-in-progress(73)(146)69(49)(36)20c. Employee benefits expense703645353350341d. Finance costs47101745436e. Depreciation and amortisation expense499509986251248253Other exoenses1,1506946095931 303f.2,6682,5105,6824,8173,014Total expenses1,3287234188791,1413Profit before tax for the oeriod (1-2<br/>4Tax expensei)Current tax - current period12682102208172---- earlier period(13)~ii) Deferred tax credit(42)(33)(11)(21)(44)164117Total tax exoense9371813477989771,2115Net profit after tax for the period (3-4)6306Other comprehensive income/(loss)i) Items that will not be reclassified to profit or loss1(0)433(1)(1)(1)(0)ii) Income tax effect on above0(0)12Other comorehensive income for the oeriod (net of tax)231,2127347801979Total comorehensive income for the oeriod f5+6)632Paid-up equity share capital (Face Value Rs. 2 each)6326326326328632Other equitv9Earnings Per Share (EPS) (in Rs.) A105.55(a)Basic1.981.092.513.073.81
12,0861,3061602,43610,1141,972295(29)(58)2081,7640(0)01,7646327,566		EPL LIMITED








































5.53(b) Diluted1.092.513.073.801.98
(" Quarterly and half yearly figures are not annualised)See accompanvinQ notes to standalone unaudited financial results.

EPL LIMITED
(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, [email protected],www.eplglobal.com
Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022		(Rs. in million)
Note 1: Statement of Assets and Liabilities	As at30-Seo	As at31-Mar
	2022	2022
	Unaudited	Audited
		Restated(Refer note 6)
Assets
Non-current assets(a) Property, plant and equipment	4,219	3,461
(b) Capital work-in-progress	327	831
(c) Right of use asset	442	323
(d) Goodwill (refer note 6)(e) Intangible assets	1,017195	1,017218
(f) Intangible assets under development	23	18
(g) Financial assets
(i) Investment in subsidiaries(ii) Other financial assets	1,930154	1,906129
(h) Deferred tax assets (net)	83	39
(i) Income tax assets (net)0) Other non-current assets	22264	37309
Total non-current assets	8,676	8,288
Current assets(a) Inventories	1,349	1,265
(b) Financial assets
(i) Trade receivables(ii) Investments.	2,384136	2,321-
(iii) Cash and cash equivalents	189	120
(iv) Bank balances other than (iii) above(v) Other financial assets	54	56
(c) Income tax assets (net)	11232	145-
(d) Other current assets	618	470
Total current assetsTotal assets	487413,550	4.37712,665
Equity and llabllltles
Equity
(a) Equity share capital(b) Other equity	6327,940	6327,566
Total equity	8,572	8,198
Liabilities
Non-current liabilities(a) Financial liabilities
(i) Borrowings	1,253	1,170
(ii) Lease liabilities(b) Other non-current liabilities	35015	25419
(c) Provisions	144	171
Total non-current liabilitiesCurrent llabllltles	1,762	1.614
(a) Financial liabilities
(i) Borrowings(ii) Lease liabilities	1,272115	1,153103
(iii) Trade payables
- Dues of micro enterprises and small enterprises	89	83
- Dues of creditors other than micro enterprises and small enterprises(iv) Others financial liabilities	1,267262	1,093246
{b} Income tax liabilities (net)	48	-
( c) Other current liabilities(d) Provisions	49114	62113
Total current liabilities	3 216	2,853
Total equity and liabilities	13 550	12 665

	EPL LIMITED
	(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91222481 9000/9200,[email protected],www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
			(Rs. in million)
	Note 2: Statement of Cash Flows	30-Seo-22	Half year ended30-Seo-21
		Unaudited	Unaudited
			Restated
			(Refer note 6)
A.	Cash flow from operating activitiesProfit before tax	1,141	1,328
	Adjustments for:
	Depreciation and amortisation expense	499	509
	Finance cost	101	74
	Interest incomeShare based payment expenses	(2)64	(8)28
	Unwinding of discount on security deposits	(4)	(3)
	Net gain on disposal of property, plant and equipment	(1)
	Net gain on sale of mutual funds (current)	(1)	(3)
	Dividend income	(725)	(914)
	lmpairement of financial/non-financial assets ( net of write backs)	13	13
	Unrealised foreign exchange lossOperating profit before working capital changes	31,088	41,028
	Adjustments for:
	Increase in trade and other receivables	(243)	(206)
	Increase in inventories	(114)	(72)
	Increase in trade and other payables	168	60
	Cash generated from operations	899(167)	810(130)
	Direct taxes paid (net of refunds)Net cash generated from operating activities (A)	732	680

B.	Cash flow from investing activities
	Capital expenditure on property plant and equipment and intangible	(617)	(479)
	assets (including capital work in progress, intangible assets under
	development, capital advances and capital creditors)Proceeds from sale of property, plant and equipment and intangible assets	5	11
	(Increase)/ decrease in other bank balances	(2)	(11)
	Maturity/ (increase) in fixed deposits (not considered as cash and cash equivalent)	(2)	(1)
	Investment in equity shares of subsidiary	(15)
	Purchase of mutual funds ( current investments)	(1,800)	{2,286)
	Sale of mutual funds ( current investments)Interest received	1,6652	1,9288
	Dividend received	725	914
	Net cash generated from/(used in) investing activities (B)	(39)	84

c.	Cash flow from financing activities
	Proceeds from issue of equity shares [including securities premium]		47
	Redemption of non-convertible debenturesProceeds from long-term borrowings	(100)535	416
	Repayment of long-term borrowings	(113)	(78)
	Proceeds from short-term borrowings	1,887	76
	Repayment of short-term borrowings	(2,007)	(322)
	Principal payment of lease liabilities	(62)	(60)
	Interest payment of lease liabilities	(15)	(18)
	Interest paid	(69)	(56)
	Dividend paid (including unclaimed dividend)	(680)	(648)
	Net cash used in financing activities (C)	(624)	(643
	Net changes in cash and cash equivalents (A+B+C)	69	121
	Cash and cash equivalents at the beginning of the period	120	212
	Cash and cash eauivalents at the end of the oeriod	189	333

		EPLLIMITED
	(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,Lower Parel, Mumbai 400013. Tel: +91222481 9000/9200,[email protected],www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
	Note 3: Additional disclosure as per Clause 52(4) and Clause 54(2) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements)Regulation, 2015 (as amended).
	Particulars		Quarter ended			Half vear ended	Year ended
		30-Sep	30-Jun	30-Sep	30-Sep	30-Seo	31-Mar
		2022	2022	2021	2022	2021	2022
			Restated (Refer note 6)				Restated (Refer note 6)
	a) Net Worth (Rs in million)	8,174	8,187	7,852	8,174	7,852	7,800
	(Total equity less capital reserve)
	b) Net profit after tax (Rs in million)	630	347	798	977	1,211	1,764
	c) Basic earning per share (Quarterly and half yearly figures are notannualised)	1.98	1.09	2.51	3.07	3.81	5.55
	d) Diluted earning per share (Quarterly and half yearly figures are notannualised)	1.98	1.09	2.51	3.07	3.80	5.53
	e) Debt-Equity ratio (in times)(Total Borrowings/Total equity)	0.29	0.24	0.23	0.29	0.23	0.28
	f) Long term Debt to Working Capital (in times)[(Non current borrowings + current maturities of long term	0.84	0.76	0.63	0.84	0.63	0.83
	borrowings)/(Current assets less current liabilities excluding currentmaturities of long term borrowings)]
	g) Total Debts to Total Assets ratio (in%)(Total Borrowings/Total Assets)	18.63%	15.46%	15.02%	18.63%	15.02%	18.34%
	h) Debt service coverage ratio (in times)[Cash profit before finance costs (excluding IND AS 116 impact)/{(Financecost (excluding IND AS 116 impact)+ Principal repayment of long termborrowing ( excluding prepayment) during the period}]	8.73	2.98	18.11	4.89	12.04	7.83
i)	Interest service coverage ratio (in times)(Earning before finance costs and tax/ Finance costs )	14.39	9.89	25.42	12.30	18.95	13.33
	j) Current ratio (in times)(Current assets/current liabilities)	1.52	1.57	1.63	1.52	1.63	1.53
	k) Bad debts to accounts receivable ratio (in % )(Bad debts/Average trade receivable)	0.66%	0.13%	0.10%	0.81%	0.15%	0.19%
I)	Current liability ratio (in % )(Current liabilities/Total liabilities)	64.60%	66.14%	65.27%	64.60%	65.27%	63.87%
	m) Debtors turnover (in times)(Revenue from operations of trailing twelve months /Average tradereceivable)	4.85	4.72	4.88	4.97	4.84	5.07
	n) Inventory turnover (in times)(Revenue from operations of trailing twelve months/Average inventory)	8.30	8.21	9.31	8.94	9.53	9.66
	o) Operating margin (in % )(Profit before depreciation and amortisation, interest and tax less other	14.97%	16.44%	18.41%	15.67%	18.55%	17.37%
	income/Revenue from operations)p) Net profit margin (in % )(Profit after tax/ Revenue from operations)	19.77%	12.22%	29.32%	16.21%	23.30%	16.25%

The Company has outstanding redeemable non-convertible debentures having face value of Rs. 400 million being segregated in 2 series i.e. Rs. 200 million (Series 1-B) and Rs. 200 million (Series 1-C), which are listed on BSE Limited. These debentures are unsecured in nature and the company has, at all times, maintained adequate asset cover which is sufficient to discharge the principal amount and interest accrued thereon.

	(Formerly known as Essel Propack Limited)	EPL LIMITED
	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, [email protected],www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
	NOTES:The above standalone unaudited financial results (the 'results') are prepared in accordance with the recognition and measurement principles laid down in IndianAccounting Standard 34 ('Ind AS 34') prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India andare in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed by the Audit Committee and approved _by the Board ofDirectors at their respective meetings held on 05 November 2022. The statutory auditors have carried out a limited review of the above results for the quarter andhalf year ended 30 September 2022.
	Amounts shown as 'O' in the results represent value less than Rupee one million.
	The Board of Directors of the Company at its meeting held on 12 November 2020, had approved the scheme of amalgamation of Creative Stylo Packs PrivateLimited ('CSPL' or 'transferor company'), with the Company and their respective shareholders and creditors (the "Scheme") under Section 230 to 232 of theCompanies Act, 2013 and other applicable statutory provisions. The Hon'ble National Company Law Tribunal, Mumbai Bench ('NCL T') has approved theaforesaid Scheme vide its order dated 16 September 2022 pronouncing 01 February 2021 as the 'Appointed Date'. The certified true copy of the said order wasreceived on 10 October 2022 and the order was filed with the Registrar of Companies on 01 November 2022. Pursuant to the Scheme, the Company has allotted2,339,186 equity shares of face value of Rs. 2 each, fully paid-up as per the share exchange ratio specified in the Scheme to the specified shareholders of thetransferor company.Accordingly, the Company in its standalone financial results for the quarter and half year ended 30 September 2022 has accounted for the amalgamation schemeusing the acquisition method retrospectively for all the periods presented as prescribed in Ind AS 103 - "Business Combination". The numbers for all the previous
	periods presented have been accordingly restated viz., quarter ended 30 June 2022 and 30 September 2021, half year ended 30 September 2021, and the yearended 31 March 2022. The impact of the amalgamation on the standalone financial results is as stated below:
						(Rs. in million)
			Total incomeRestated	Reported	Restated	Profit before taxReported
	Quarter ended 30-Jun-2022		3,086	earlier2,812	418	earlier410
	Quarter ended 30-Seo-2021		3,389	3,135	879	868
	Half year ended 30-Sep-2021		6,145	5,616	1,328	1,296
	Year ended 31-Mar-2022		12,086	11,043	1,972	1,935
						(Rs. in million)
			Total assets			Other equity
			Restated	Reported	Restated	Reported
				earlier		earlier
	As at 31-Mar-2022		12,665	11,995	7,566	7,295
			Basic Earnings PerShare		(Amount in Rs.)Diluted Earnings PerShare
			Restated	Reported	Restated	Reported
				earlier		earlier
	Quarter ended 30-Jun-2022		1.09	1.09	1.09	1.09
	Quarter ended 30-Sep-2021Half vear ended 30-Seo-2021		2.513.81	2.513.75	2.513.80	2.503.74
	Year ended 31-Mar-2022		5.55	5.50	5.53	5.49
	Other income includes:
			Quarter ended			Half vear ended	(Rs. in million)Year ended
		30-Seo	30-Jun	30-Seo	30-Seo	30-Sep	31-Mar
						2021	2022
		2022	2022	2021	2022
	Dividend income received from wholly owned subsidiaries	496	229	653	725	914
	Currency gain on redemption/reduction of preference shares held insubsidiary	-	-	-		-
	The Board of Directors at its meeting held on 05 November 2022 have declared and approved interim dividend of Rs. 2.15 per equity share of Rs. 2 each fullypaid up. The record date for the said purpose is fixed as 15 November 2022.
	The Company publishes standalone financial results along with the consolidated financial results. Accordingly, as per Ind AS 108 'Operating Segments', nodisclosures related to the segments are presented in these standalone unaudited financial results.
	The figures for the previous periods have been regrouped/ rearranged wherever necessary to conform to the c1~ent period's classification. Also, refer note 6above.						1,13538
	-e,,il\NDIOI( -,co<f¼/'--sr<;--If6 I!(}!MUMRAI</f			.'		~lted
Date:	<br>J'1. <br>/~' <i;-~J-<s __,="" ~~<br="">Place: Mumbail?EoAcc0---05 November 2022</i;-	!~*----				Aanaging Director and Chief Executive 2t ~	r-,_ JAnand K1 palu /L~18324

EPL LIMITED(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,Lower Parel, Mumbai 400013, Tel: +91 22 2481 9000/9200,[email protected],www.eplglobal.comRegd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947GLOBAL OPERATIONS
	EXTRACT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022
					(Rs in million, exceot oer share data)
		Quarter	Quarter	Half year	Year ended
		ended	ended	ended
	Particulars	30-Sep-2022	30-Sep-2021	30-Sep-2022	31-Mar-2022
		Unaudited	Unaudited	Unaudited	Audited
	1 Total income	9,549	8,715	17,909	34,448
2	Profit before exceotional items and tax	725	822	1,227	2,888
3	Profit before tax for the period after exceptional items	725	822	1,216	2,888
4	Profit after tax for the period attributable to theowners of the Company	462	507	796	2,144
5	Total comprehensive income attributable to owners ofthe Comoanv	187	310	443	2,417
6	Paid-up equity share capital (Face Value Rs 2/- each)	632	632	632	632
7	Other equity (excluding Revaluation reserves)	-	-	-	17,613
8	Earnings per share (EPS) (in Rs.) A
	Basic	1.46	1.61	2.52	6.79
	Diluted	1.46	1.60	2.52	6.77
	( A Ouarterlv fiaures are not annualised)
INDIA STANDALONEEXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022(Rs in million, exceot oer share data)
		Quarter	Quarter	Half year	Year ended
		ended	ended	ended

		Quarterended	Quarterended	Half yearended	Year ended
	Particulars	30-Sep-2022	30-Sep-2021	30-Sep-2022	31-Mar-2022
		Unaudited	Unaudited	Unaudited	Audited
	1 Total income	3,737	3,389	6,823	12,086
2	Profit before exceotional items and tax	723	879	1,141	1,972
3	Profit/ (loss) for the period after exceptional items	723	879	1,141	1,972
4	Net Profit / (loss) after tax for the oeriod	630	798	977	1,764
5	Total comorehensive income/ (loss) for the oeriod	632	801	979	1,764
6	Paid-up equity share capital (Face Value Rs 2/- each)	632	632	632	632
7	Other equity (excludina Revaluation reserves)				7,566
8	Net Worth	8,174	7,852	8,174	7,800
9	Outstanding Redeemable Preference Shares	-	-	-	-
	10 Debt Equity Ratio	0.29	0.23	0.29	0.28
	11 Earninas oer share (EPS) On Rs.) A
	Basic	1.98	2.51	3.07	5.55
	Diluted	1.98	2.51	3.07	5.53
	(A Quarterly figures are not annualised)
	12 Capital Redemption Reserve	-	-	-	-
	13 Debenture Redemption Reserve	-	-	-	-
	14 Debt Service Coverage Ratio (in times)	8.73	18.11	4.89	7.83
	15 Interest Service Coverage Ratio (in times)	14.39	25.42	12.30	13.33

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 5 November 2022.

2 The above is an extract of the detailed format of the standalone and consolidated unaudited financial results for the quarter arid half year ended 30 September 2022 filed with stock exchange pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).

3 The full format of the standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2022 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.c.om) a_::: the Compc:~y's website (www.eplglo~al.com).

'-.IM/)' Q I8 . ~ J;jllm ,ed MUMBAI I~ ~ .,_ . V• Anand!Sr:j~ Place: Mumbai * naging t irector and Chief Ex~. 1 ricer Date : 5 November 2022 --- DIN: 00 8324

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EPL LIMITED Interim / Quarterly Report 2023

60801_rns_2022-11-05_539322c4-f355-4493-9c4b-469c9244e787.pdf

Ref.: EPL Limited