AI assistant
Graphite India Ltd. Interim / Quarterly Report 2021
61160_rns_2021-08-06_d56a2bb1-dff0-4a48-bffb-f28b21769ea3.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
i===========?=E=G=~=&=A=H=t=. =. H=13=. =}==w==1N=G=.1=EE=N=Ro=?=o=. =o==K=AT=A= 1 1 =wT=.e=.~=1N=?=,A====
=1=~,=M=o1=s=. ~ PHOl<E • 9t 33 4002 9'00, 2226 5755 / 4942 / 4943 / 5547 / 2334, 2'171145 / 114, FAX : 91 33 2249 6420, E-mail : [email protected] WEBSITE : www.graphiteindia.com, CIN : L10101WB1974PLC094602
GIL:SEC/SM/21-22/22 August 6, 2021
Scrip Code- 509488
Bombay Stock Exchange Limited The Corporate Relationship Department ist Floor, New Trading Ring, Rotunda Bldg., P.J.Towers, Dalal Street, Mumbai 400 001.
The Manager Listing Department National Stock Exchange Exchange Plaza, 5th Floor, Plot No-C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Symbol - GRAPHITE
Sir,
Sub: Unaudited financial results for the quarter ended 30 th June, 2021, along with Limited Review Report thereon.
Sir,
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the unaudited (standalone and consolidated) financial results of the Company for the quarter ended 30 th June, 2021 as approved by the Board of Directors at its meeting held today along with the Limited Review Report of the Statutory Auditors.
The meeting of the Board of Directors commenced at 12;15 p.m. and concluded at 1.22 p.m.
Thanking you,
Yours faithfully, F~~Limited
Sanjeev Marcia Asst. Company Secretary
ł
22, Camac Street 3rd Floor, Block 'B' Kolkata - 700 016, India Tel: +91 33 6134 4000
Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Graphite India Limited
- We have reviewed the accompanying Statement of Unaudited Standalone Financial $1.$ Results of Graphite India Limited (the "Company") for the quarter ended June 30, 2021 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
- $2.$ This 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. (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- $31$ We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
- $\overline{4}$ 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 the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles
S.R. BATLIBOI & CO. LLP
Chartered Accountants
generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S.R. BATLIBOI & CO. LLP
Chartered Accountants
ICAI Firm registration number: 301003E/E300005
per Sanjay Kumar Agarwal Partner Membership No.: 060352
UDIN: 21060352AAAACX2012
Place: Kolkata Date: August 6, 2021
m GRAPHITE INDIA LIMITED CIN: L10101WB197 4PLC094602 Regd.Offlce: 31. Chowrtnghee Road, Kolkata 700 016 Telephone No: 9133 40029600; Fax No: 9133 40029676 Email Id: gilroOgraphiteindla.com; Website: www.graphltelndla.com
Statement of Standalone Unaudited Anancial Results for the quarter ended 30th June, 2021
~ in Crores) Quarter ended Year ended s. 3oth June, 31st March. 30th June. 31st March, No. Partlcula n. 2021 2021 2020 2021 (Unaudited) (Audited) (Refer (Unaudited) (Audited) Note 2) Income 1Revenue from Operations 543 563 350 1,839 2 Other lncome 76 53 67 306 3Total Income (1+2) 619 616 417 2,145 4 Expenses (a) Cost of Materials Consumed 236 182 117 770 (bl Changes in Inventories of Finished Goods (57) (33) 170 242 and Work-in-progress (c) Employee Benefits Expense (Refer Note 5) 53 50 40 185 (~ Consumption of Stores and Spare Parts 43 42 19 128 (e) Power and Fuel 77 72 36 238 (f) Finance Costs 1 1 2 6 (g) Depreciation and Amortisation Expense 12 12 11 45 (h) Other Expenses (Refer Note 3) 55 122 40 260 Total Expenses 420 448 435 1,874 5 ProflV (Lon) before Tax (3-4) 199 168 (18) 271 6 Tax Expense - Current Tax {Net of adjustments of earlier 39 61 2 64 yea,s) - Deferred Tax Charge/(Credit) 3 (7) (7) 8 7Net ProftV(Loas) for the Period/Year 157 114 (13) 199 (5-6) 8 Other Comprehensive Income A, Items that will not be reclassified to profit or (1) * (1) (2) loss (net of tax) B. Items that will be reclassified to profit or loss - (net of tax) Total Other Comprehensive lncome/(Loss) for (1) * (1) (2) the Perlod/Y•r (net of tax) 9Total Comprehensive lncome/(Lose) for the 166 114 (14) 197 Perk>d,/Year (7 + 8) s.o Peid-.up uity Shore Copitol 39 39 39 39 (Face Vali,e, 2/· per EquitY Share) li Other Equtt.y 3,969 **12**Eamin_,,(t.oss) per Share (of r 2/· each) (not annualised except for tne year ended 31st March, 2021): (a) aa&ic( f) 8.03 5.83 (0.69) 10.20 (b) Diluted ( f l 8.03 5.83 (0.69) 10.20 **!ke .oGOmPII notee** to the ftnandal results "" Amounts ere below the rounding off norm adopted bY the Company. - C01 ,/ (~:~~ta) ~~
u) ~ ---- *
| Segment Reporting | (₹ In Crores) | ||||
|---|---|---|---|---|---|
| Year ended | |||||
| S.N$\mathbf{o}$ | Particulars | 30th June,2021 | 31st March,2021 | 30th June,2020 | 31st March,2021 |
| (Unaudited) | (Audited) (ReferNote 2) | (Unaudited) | (Audited) | ||
| $\mathbf{1}$ | SEGMENT REVENUE - | ||||
| Graphite and Carbon | 504 | 524 | 326 | 1,719 | |
| Others | 39 | 39 | 24 | 120 | |
| Total | 543 | 563 | 350 | 1,839 | |
| Less: Inter Segment Revenue | ŵ | ٠ | ŵ | ||
| Revenue from Operations | 543 | 563 | 350 | 1,839 | |
| $\overline{\mathbf{2}}$ | SEGMENT RESULTS - | ||||
| Graphite and Carbon | 135 | 216 | (72) | 176 | |
| Others | 1 | $\overline{2}$ | 3 | 13 | |
| Total | 136 | 218 | (69) | 189 | |
| Less: | |||||
| Finance Costs | $\mathbf{1}$ | $\mathbf 1$ | $\overline{2}$ | 6 | |
| Other un-allocable expenditure/(income)(net) | (64) | 49 | (53) | (88) | |
| Profit/(Loss) before Tax | 199 | 168 | (18) | 271 | |
| 3 | SEGMENT ASSETS - | ||||
| Graphite and Carbon | 2,097 | 1.943 | 2,065 | 1,943 | |
| Others | 124 | 123 | 126 | 123 | |
| Total Segment assets | 2,221 | 2,066 | 2,191 | 2,066 | |
| Un-allocated Assets | 2,840 | 2,726 | 2,340 | 2,726 | |
| Total Assets | 5.061 | 4,792 | 4,531 | 4,792 | |
| 4 | SEGMENT LIABILITIES - | ||||
| Graphite and Carbon | 359 | 295 | 263 | 295 | |
| Others | 27 | 24 | 22 | 24 | |
| Total Segment Liabilities | 386 | 319 | 285 | 319 | |
| Un-allocated Liabilities | 511 | 465 | 450 | 465 | |
| Total Liabilities | 897 | 784 | 735 | 784 |
$\sqrt{\frac{11}{100}}$
GRAPHITE INDIA LIMITED Regd.Office: 31, Chowringhee Road, Kolkata 700 016
Notes to the financial results -
-
- This Statement has been reviewed by the Audit Committee and approved by the Board at their respective meetings held on 6th August, 2021. The Auditors of the Company have carried out a Limited Review of the above financial results for the quarter ended 30th June, 2021 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- 2 The figures of quarter ended 31st March, 2021 are the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2021 and the unaudited published year-to-date figures up to the 31st December, 2020 which were subject to limited review.
- 3 In accordance with the provisions laid under Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, the Company has provided for expenditure towards unspent Corporate Social Responsibility (CSR) amounting to Rs. Nil during quarter ended June 30, 2021 (Rs. Nil during quarter ended June 30, 2020) and Rs. 70 Crores during the quarter/year ended March 31, 2021. Total expenditure towards CSR activity included under the head 'Other Expense' amounts to Rs. Nil during quarter ended June 30, 2021 (Rs. Nil during quarter ended June 30, 2020, Rs. 70 Crores for the quarter ended March 31, 2021 and Rs. 73 Crores for the financial year ended March 31, 2021).
- 4 In view of highly uncertain economic environment due to the Covid -19 pandemic, which is continuously evolving, the Company has considered the possible effects that may result from this in the preparation of these financial results. As per Company's present assessment, no material impact is expected due to COVID-19 on the carrying values of assets and liabilities as on June 30, 2021 and the Company does not expect any impact of COVID-19 on its ability to continue as a going concern. The above evaluations are based on management's analysis after taking into consideration the internal and external information available up to the date of approval of these financial results, which are subject to uncertainties that COVID-19 outbreak might pose on economic recovery. The impact of the pandemic in the subsequent period is highly dependent on the situations as they evolve which is presently uncertain
- 5 The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.
- 6 Figures for the previous periods have been regrouped/rearranged wherever necessary, to make them comparable with current period's classification.
By Order of the Board For Graphite India Limited
$\leq$ $\Delta$ K.K.Ban
Chairman
Date: 6th Audust, 2021
22, Camac Street Se, camac Street3rd Floor, Block 'B'Kolkata - 700 016, India Tel: +91 33 6134 4000
Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Graphite India Limited
- We have reviewed the accompanying Statement of Unaudited Consolidated Financial $\mathbf{1}$ . Results of Graphite India Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its associate for the quarter ended June 30, 2021 (the "Statement") attached herewith, 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 (the "Listing Regulations").
- This Statement, which is the responsibility of the Holding Company's Management and $2.$ 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, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review $3.$ Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Circular No. the accordance with procedures in performed also We CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
$S.R.BATIBOIRCOIP$
Chartered Accountants
The Statement includes the results of the following entities: 4.
| Entity | Relationship |
|---|---|
| Graphite India Limited | Holding Company |
| Carbon Finance Limited | Subsidiary of Graphite India Limited |
| Graphite International B.V. ("GIBV") | Subsidiary of Graphite India Limited |
| Graphite Cova GmbH | Subsidiary of GIBV |
| Bavaria Electrodes GmbH | Subsidiary of GIBV |
| Bavaria Carbon Holdings GmbH | Subsidiary of GIBV |
| Bavaria Carbon Specialities GmbH | Subsidiary of GIBV |
| General Graphene Corporation | Associate of GIBV |
- Based on our review conducted and procedures performed as stated in paragraph 3 5. above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- The accompanying Statement includes the unaudited interim financial results and other 6. financial information, in respect of:
- one (1) subsidiary and consolidated financial results and other information in respect of one (1) subsidiary including its four (4) subsidiaries, whose unaudited interim financial results include total revenues of Rs 115.36 crores, total net loss after tax of Rs. 4.37 crores, total comprehensive income of Rs. 4.33 crores, for the quarter ended June 30, 2021, as considered in the Statement which have been reviewed by their respective independent auditors.
- one (1) associate included in the consolidated financial results of a subsidiary, $\bullet$ whose unaudited interim financial results include Group's share of net loss of Rs. 6.78 crores and Group's share of total comprehensive loss of Rs. 6.78 crores for the quarter ended June 30, 2021, as considered in the Statement which has been reviewed by the independent auditor of that subsidiary.
$S.R.BATIBOIRCO$ IID
Chartered Accountants
The independent auditor's reports on interim financial information/ financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and an associate is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement in respect of matters stated in paragraph 6 above is not modified with respect to our reliance on the work done and the reports of the other auditors.
For S.R. BATLIBOI & CO. LLP
Chartered Accountants ICAI Firm registration number: 301003E/E300005
per Sanjay Kumar Agarwal Partner Membership No.: 060352
UDIN: 21060352AAAACY5962
Place: Kolkata Date: August 6, 2021
GRAPH ITE INOIA LIMITED
CIN: L10101WB197 4PI..C094602
Reid.Office: 31.Chowrtnghee Road, Kolkata 700 016 Telephone No: 9133 40029600; Fax No: 9133 40029676
Email Id: gllroOgraphlteindla.com; Website: www.craphltelndla.com
Statement of Consolidated Unaudited Financial Result& for the quarter ended 30th June, 2021
| (~ inCrores) | ||||||
|---|---|---|---|---|---|---|
| _Quarter ended | Year ended | |||||
| s.No. | Partlculare | 30th June,2021 | 3:1.st March. 2021 | 3oth June,2020 | 31st March,2021 | |
| (Unaudlted) | (Audited) (ReferNote 2) | (Unaudited) | (Audited) | |||
| Income | ||||||
| 1 Revenue from Operations2 Other Income | 610 | 565 | 409 | 1958 | ||
| 3 Total Income (1+2) | 78 | 56 | 68 | 316 | ||
| 4 eci>et'l8es | 688 | 621 | 477 | 2274 | ||
| (a) COst of Materials Consumed | 248 | 196 | 126 | 824 | ||
| {b) Changes in Inventories of Finished GoOds and Work-In-progress | (53) | (26} | 242 | 364 | ||
| (c) Employee Benefits Expense (Refer Note 5) | 74 | 71 | 57 | 257 | ||
| (d) Consumption of Stores and Spare. Parts | 45 | 45 | 21 | 136 | ||
| (e} Power and Fuel | 86 | 81 | 41 | 267 | ||
| (f) Finance Costs | 1 | 1 | 2 | |||
| (g) Depreeiatlon and Amortisation Expense | 14 | 14 | 13 | 52 | ||
| (h) Other Expenses (Refer Note 3) | 69 | 120 | 53 | 315 | ||
| Totalfxpenses | 484 | 502 | 565 | 2221 | ||
| 5 ProflV(loea) beforeTax and share of Loea of anJ | 204 | ll9 | /78) | 53 | ||
| 6 Share of Losa of an associate- | (7) | (3) | (2) | (10) | ||
| 7 ProftV(loea) before Tax (5+6)8 Tax Expense | 197 | 1.16 | (80) | 43 | ||
| - Current Tax (Net of adjustments of earlier years) | 40 | 58 | 2 | 62 | ||
| - Deferred Tax Charge/(Credit) | 7 | (6) | (4} | 13 | ||
| 9 Net Pn:lffl/(loes) for the Period/Year (7-8)U) Other Compretiensive Income | 150 | 64 | (78) | (32) | ||
| A. Items that will not be reclassified to profit or loss (netoftax) | * | * | {1) | (2) | ||
| B. Items that will be reclassified to profit or loss | 12 | (20) | u | 21 | ||
| Tobtl Other Compn,llenalve lnoomot(Losa) for thePertod/Yeer | 12 | {20) | 10 | 19 | ||
| lncom(Loea) tor the11 Tami•r {9+10)Pwto«VV | 162 | 44 | {68) | {13) | ||
| 12 Paid-up equity Share capital | 39 | 39 | 39 | 39 | ||
| (Face Value' 2/- per equity.share)18 Other£qulty | 4502 | |||||
| 14 Eaminp/(Loas) persllare (oft 2/~· eacb) (notennuallsed except for the year ended 31st March,2021):(a)Baslc(l') | ||||||
| - | {b)Diluted(l') | 7.70 | 329 | \4.04) | {:1~) | |
| not.ell to the financial rflUltB | 7.70 | 3,29 | (4.04) | {1.64} |
• Amoums are be.lowttte rouncflng off norm adopted by the Group.
~ (~ 06) f{o a f ~ W~- - *
| GRAP HITE INDIA UMITE DRegd.Offlce: 31,Chowringhee Road, Kolkata 700 016segment Reporting(flnCrores) | |||||||
|---|---|---|---|---|---|---|---|
| Quarter ended | |||||||
| s.No | Pertlculers | 30th.June,2021 | 31st March,2021 | 30th June,2020 | Year ended31.st March.2021 | ||
| (Unaudited) | (Audited) (ReferNote 2) | (Unaudited} | (Audited) | ||||
| 1 SEGMENT R£VENOE. | |||||||
| Graphite and Carbon | 549 | 527 | 364 | 1.813 | |||
| Others | 61 | 38 | 45 | 145 | |||
| Total | 610 | 565 | 409 | 1.958 | |||
| Less; Inter Segment Revenue | ,. | * | * | ||||
| Revenue from Operations | 610 | 565 | 409 | 1,958 | |||
| 2 SEGMENT RESULTS • | |||||||
| Graphite and Carbon | 114 | 169 | (153) | (67) | |||
| Others | 23 | 1 | 25 | 37 | |||
| Total | 137 | 170 | (128) | (30) | |||
| Less: | |||||||
| FlnanceCosa; | 1 | 1 | 2 | 6 | |||
| Other un-altocabte expenditure/(income)(net)ProfiV(Loss) before Tax and share of Loss of an | (68) | 50 | (52) | (89) | |||
| associate | 204 | U9 | (78) | 53 | |||
| Share of Loss of an associate | (7) | (3) | (2) | (10) | |||
| Pl'oflV(Loss) before Tax | 197 | 116 | (80) | 43 | |||
| 3 SEGMENT ASSETS · | |||||||
| GraPhlte and Carbon | 2.427 | 2,368 | 2,858 | 2,368 | |||
| Others | 238 | 214 | 2:13 | 214 | |||
| Tolllll Segment Assets | 2,665 | 2,582 | 3,071 | 2,582 | |||
| Un-allocated Assets | 3.156 | 2,948 | 2,363 | 2,948 | |||
| TOCll#Asseta | 5,821. | 5,:;30 | 5,434 | 5,530 | |||
| 4 SEGMENT .LIABIUTlES • | |||||||
| Graphite and Carbon | 395 | 322 | 292 | ||||
| Others | 27 | 24 | 22 | 322 | |||
| Total Sefment Uabllltes | 422 | 346 | 3i4 | 24346 | |||
| Un-allocated Uabilites | 696 | 643 | 634 | 643 | |||
| Total LJabHltes | 1,118 | 989 | 948 | 989 |
* Amounls ate below thB rounding off norm adopted by the Group.
GRAPHITE INOIA LIMITED Regd.Offlce: 31, Chowrlnghee Road, Kolkata 700 016
NotN to the flnanctal rNUlts:
- 1 TIils Statement has been 111Vlewed by the Audit Committee and approved by the Board at their respective meetings held on 6th August, 2021. The Audlt()fS at the Parent Compeny have earned out a Limited Review of the above financial results tor the quarter ended 30th June, 2021 In terms of Regulation 33 Of the SEBI (Ust!ng Obligations and Olsdosure Requirements) Regulations, 2015.
- 2 The flgunis of quarter ended 31st March, 2021 are the balancing figures between the audited figures In respect of the full flnaneial year ended 31st M.arch. 2021 and the unaudlted published year-to-date figures up to the third quarter ended 31st December, 2020, which were subject to Umtted review.
- 3 In accotda.nce with the l)l'OVISIOl1$ laid under Section 135 of the Companies Act. 2013 mad with Companies (Corporate Social RespooslblUty Polley) Rules. 2014 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 202.1. the Parent Company has plO\lldendlture t~rds Url$Peflt Corporate Social Responsiblllty (CSR) amounting to Rs. NII during quarter ended June 30, 2021 (Rs. NII during quarter ended June 30, 2020) and Rs. 70 Crores during the quarter/year ended Marefl 31., 2021. Total expenditure toW81d$ CSR actMty Included under the head "Other Expense' amounts to Rs. NII during quarter ended June 30, 2021 (Rs. NII during quarter ended June 30, 2020, Rs. 70 Crores for the quarter er,ded March 31., 2021. and Rs. 73 Crores for the financial year er,ded Man:h 31., 2021).
- 4 In view of hlghly uncertain economic environment clue to the Covld -19 pandemic, which Is continuously evoMnC, the Group has considered the possible effects that may result from this In tho preparation of these financial results. As per Group's present 8S68SSITlent, no materiel lmf)llet Ill expected due 10 C0\110-19 on the carrying values of assets and llabllltles as on June 30, 2021 and the Group does not e~ any Impact of COVID-19 on Its ablllt) to continue as a going concem. The allOVe e11aluatlons are based on management's analysis after taking lnto COllSlc:lenltl on the Internal and external Information available up to the date of approval of these financial results. whleh are subject to uncertainties that COVI0-19 outbn!ak might pose on economic recove,y. The Impact ot the pandemic in the subsequent per1od is hlghty dependent on tile situations as they MOIVe which Is presently uncertaln.
- 5 The Code on Social Security, 2020 ('Code') relating to employee benefits durtng employment and post-employment benefits reileilled Presldentllll assent In September 2020. The Code has been published In the Gazette of India However, the date on which the Code will come Into effec:t has not been l10tlfled and the final rulel;/lnterpretatlon have not yet been issued . The Parent Company will - the impact of the Code when it comes Into effact end will record 81'1)' related Impact In the period the Code becomes. effective .
- 6 F)Culea fol" tile previous periods have been regroupeo;rearrangea wherever lle<:e$$;IIY to make them comparable with current period's tfallfficatl on.
By Order ot the Board For Graphite India Umlted
C0~/ Chalnnan
