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Grindwell Norton Ltd. Interim / Quarterly Report 2022
61598_rns_2021-07-28_02ce8088-8065-4ef9-8bfa-6f8e5eda6e1a.pdf
Interim / Quarterly Report
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July 28, 2021
National Stock Exchange of India Limited "Exchange Plaza" Bandra Kurla Complex Bandra (East) Mumbai 400 051
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Fort Mumbai 400 001
Symbol: GRINDWELL
Scrip Code No. 506076
Dear Sirs,
Sub: Unaudited Financial Results for the quarter ended June 30, 2021, after Limited Review
We enclose the unaudited financial results of our Company for the quarter ended June 30, 2021, after Limited Review, which has been approved and taken on record at a meeting of the Board of Directors of our Company held today at 12:00 noon IST and concluded at 2:10 p.m. IST.
We also enclose herewith the copy of the Limited Review Report for the quarter ended June 30, 2021, of M/s. Price Waterhouse Chartered Accountants LLP, Auditors of the Company.
The financial results of the Company for the quarter ended June 30, 2021, would be available on the website of the Company, www.grindwellnorton.co.in. The publication of the financial results of the Company will be made in the newspapers accordingly.
Kindly take the same on record.
Thanking you,
Yours faithfully, For Grindwell Norton Limited
K. Visweswaran Company Secretary Membership No. A16123
Encl: As above
Price Waterhouse Chartered Accountants LLP
Review Report
To, The Board of Directors M/s. Grindwell Norton Limited 5th Level, Leela Business Park, Andheri-Kurla Road, Marol, Andheri (East) Mumbai 400 059
- We have reviewed the unaudited consolidated financial results of Grindwell Norton Limited (the $\mathbf{1}$ "Parent") and its subsidiary (the parent and its subsidiary hereinafter referred to as the "Group") and joint venture entity [(refer Note 4a on the Statement)] for the quarter ended June 30, 2021 which are included in the accompanying 'Unaudited Consolidated Financial Results for the Quarter ended June 30, 2021 (the "Statement"). The Statement is being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"), which has been initialed by us for identification purposes.
-
- This Statement, which is the responsibility of the Parent's Management and has been approved by the Parent'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, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review Engagements 3. (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.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
house Chartered Accord OIN AAC-500
Mumba
..Charlered
Nesco Comi
- The Statement includes the results of a subsidiary company, Saint Gobain Ceramics Materials Bhutan Private Limited and a joint venture entity, SG Shinagawa Refractories India Private Limited.
Price Waterhouse Chartered Accountants LLP, Nesco IT Building III, 8th Floor, Nesco IT Park Gate No. 3 Western Express Highway, Goregaon East, Mumbai - 400 063
$T: +91(22)$ 61198000, $F: +91(22)$ 61198799
Registered office and Head office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi 110 002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
Price Waterhouse Chartered Accountants LLP
- Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has 5. come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- The consolidated unaudited financial results includes the financial results of one subsidiary which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 799 lakhs, total net loss of Rs. 166 lakhs and total comprehensive income of Rs. 166 lakhs (loss) for the quarter ended June 30, 2021. The consolidated unaudited financial results also includes the Group's share of net loss of Rs. 28 lakhs and total comprehensive income of Rs. 28 lakhs (loss) for the quarter ended June 30, 2021, in respect of one joint venture entity, based on their financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter.
For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N / N500016
Sachin Parekh Partner Membership Number 107038 UDIN: 21107038AAAAES9547
Mumbai July 28, 2021
GRINDWELL NORTON LIMITED Regd. Office: Leela Business Park, 5th Level, Andheri-Kurla Road, Marol, Andheri (E), Mumbai 400 059.Tel.: 022-40212121 * Fax: 022-40212102 * Email: [email protected] * Website: www.grindwellnorton.co.inCI
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
| (Rs. in Lakhs) | |||||
|---|---|---|---|---|---|
| Year ended | |||||
| 30-06-2021 | 31-03-2021 | 30-06-2020 | 31-03-2021 | ||
| (Unaudited) | (Refer Note 3) | (Unaudited) | (Audited) | ||
| 1 | Income | ||||
| (a) Gross Sales and Service Income | 43,594 | 50,665 | 23.080 | 162,754 | |
| (b) Other Operating Income | 340 | 215 | 162 | 1,037 | |
| Revenue from Operations (a+b) | 43,934 | 50,880 | 23,242 | 163,791 | |
| (c) Other Income | 1.423 | 1.244 | 2.598 | 5.097 | |
| Total Income | 45,357 | 52,124 | 25,840 | 168,888 | |
| $\overline{2}$ | Expenses | ||||
| (a) Cost of materials consumed | 17,609 | 14,059 | 7,953 | 52,198 | |
| (b) Purchases of Stock-in-Trade | 5,854 | 7,862 | 2.512 | 16,530 | |
| (c) Changes in inventories of finished goods, work-in- | |||||
| progress and stock-in-trade | (4, 410) | 108 | (215) | 3,354 | |
| (d) Employee benefits expense | 5,762 | 5,695 | 4,555 | 20,777 | |
| (e) Depreciation and amortization expenses | 1.397 | 1,384 | 1,268 | 5.436 | |
| (f) Power & Fuel | 1,995 | 2.078 | 999 | 6,754 | |
| (q) Finance costs | 55 | 109 | 80 | 342 | |
| (h) Other expenses | 8.428 | 9,778 | 5.484 | 31,770 | |
| Total Expenses | 36,690 | 41,073 | 22,636 | 137,161 | |
| 3 | Profit before share of profit/(loss) of joint venture (1-2) | 8,667 | 11,051 | 3,204 | 31,727 |
| Share of net profit/(loss) of joint venture accounted for using the | |||||
| 4 | equity method | (28) | (11) | 6 | (7) |
| 5 | Profit before tax $(3 + 4)$ | 8,639 | 11,040 | 3,210 | 31,720 |
| 6 | Tax expense | ||||
| (a) Current Tax | 2,332 | 2,881 | 440 | 7,986 | |
| (b) Deferred Tax Charge/(Credit) | (66) | 205 | (60) | (40) | |
| 7 | Net Profit for the period (5 - 6) | 6,373 | 7,954 | 2,830 | 23,774 |
| 8 | Other comprehensive income, net of income tax | ||||
| (a) Items that will not be reclassified to profit or loss | (60) | 4,046 | (1, 514) | 2,410 | |
| (b) Income tax relating to items that will not be | |||||
| reclassified to profit or loss | 15 | (932) | 451 | (451) | |
| Total other comprehensive income, net of income tax | (45) | 3,114 | (1,063) | 1,959 | |
| 9 | Total comprehensive income for the period $(7 + 8)$ | 6,328 | 11,068 | 1.767 | 25,733 |
| 10 | Net Profit Attributable to: | ||||
| - Owners | 6,423 | 8,054 | 2,841 | 23,918 | |
| - Non Controlling interest | (50) | (100) | (11) | (144) | |
| 11 | Total Comprehensive income attributable to:- Owners | ||||
| - Non Controlling interest | 6,378(50) | 11,168(100) | 1,778(11) | 25,877 | |
| Paid-up equity share capital (Face value Rs.5/- per share) | (144) | ||||
| 1213 ° | Reserves and Surplus excluding Other Reserves as per balance | 5,536 | 5,536 | 5,536 | 5,536 |
| sheet of previous accounting year | ٠ | ٠ | 118,417 | ||
| 14 | Earnings per equity share of Rs 5/- each (not annualised) : | ||||
| $(a)$ Basic (in Rs.) | 5.80 | 7.27 | 2.57 | 21.60 | |
| (b) Diluted (in Rs.) | 5.80 | 7.27 | 2.57 | 21.60 | |
| See accompanying notes to the financial results |
July 28, 2021 Notes: $\frac{4}{9}$ 4a o, o, $\overline{a}$ $\omega$ $\rightarrow$ and on the Company's website, www.grindwellnorton.co.in its Joint Venture entity SG Shinagawa Refractories India Private Limited. The unaudited Financial Statements of the Subsidiary and Joint Ventur The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 28, 2021 The financial results are available on the BSE Limited website, www.bseindia.com, National Stock Exchange of India Limited website, www.nseindia.com $\left| \right|$ be Segmentwise information as required by Regulation 33 of SEBI (Listing Obilgations and Disclosure Requirements) Regulations, 2015 is furnished in future economic conditions for any material impact as the situation evolves. necessary actions to secure the health and safety of its employees and extended ecosystem. However, the Group will continue to monitor changes to the vaccination drive is gaining momentum, especially in the corporate sector. The Group's operations are running at normal levels. The Group is taking Different forms of restrictions imposed by various state governments and local bodies due to second wave of COVID-19, are being lifted and the Company, duly certified by the Management have been considered to prepare the Consolidated Financial Results. figures upto nine months ended December 31, 2020 Companies Act, 2013. The statutory auditors of the Company have carried out a Limited Review of the above results Particulars Key numbers of Standalone Financial Results of the Company are as under: The above consolidated Financial Results consists of Grindwell Norton Limited, its subsidiary Saint Gobain Ceramic Materials Bhutan Private Limited and and and and and and and and and an The figures for the quarter ended March 31,2021 are the balancing figures between audited figures for the full financial year and the published year to date The above said results are prepared in accordance with the Indian Accounting Standards (Ind AS), as amended, specified under Section 133 of the Carter of the Section 133 of the Section and the properties of the contraction Profit before tax Net Profit for the period Total Income GRINDWELL NORTON LIMITED Quarter Ended 30-06-2021 Unaudited) 45,181 185.3 8.850 31-03-2021 (Refer Note 3) $11,214$ 51,995 8,306 (Unaudited) 30-06-2020 For GRINDWELL NORTON LIMITED 25,638 2,849 3,244 Year Ended (Audited) 31-03-2021 (Rs. in Lakhs) 168,387 24,208 31,964
Waterle RE SIUM COSTON MILES Chartered New Mumbal NINSOON
Managing Director B. Santhanam
Director Identification No. 00494806
Formall
| Annexure i | ||||||
|---|---|---|---|---|---|---|
| GRINDWELL NORTON LIMITED | ||||||
| CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES | ||||||
| (Rs. in Lakhs) | ||||||
| Quarter Ended | Year Ended | |||||
| 30-06-2021 | 31-03-2021 | 30-06-2020 | 31-03-2021 | |||
| (Unaudited) | (Refer Note 3) | (Unaudited) | (Audited) | |||
| 1 | Segment Revenue | |||||
| (a) Abrasives | 24,318 | 30,352 | 10,322 | 93,283 | ||
| (b) Ceramics & Plastics | 15,443 | 16,556 | 8,744 | 55,103 | ||
| (c) IT Services | 3,432 | 3,314 | 2,993 | 12,607 | ||
| (d) Others | 943 | 989 | 1,264 | 4.029 | ||
| Total | 44,136 | 51,211 | 23,323 | 165,022 | ||
| Less: Inter-Segment Revenue | 202 | 331 | 81 | 1,231 | ||
| Revenue from Operations | 43,934 | 50.880 | 23,242 | 163,791 | ||
| 2 Segment Results | ||||||
| (a) Abrasives | 2,980 | 4,884 | (1,004) | 11,197 | ||
| (b) Ceramics & Plastics | 3,579 | 4,298 | 1,545 | 12,977 | ||
| (c) IT Services | 936 | 956 | 658 | 3,666 | ||
| (d) Others | 167 | 339 | 176 | 890 | ||
| Total | 7,662 | 10,477 | 1,375 | 28,730 | ||
| Less: (1) Interest | 55 | 109 | 80 | 342 | ||
| (2) Other unallocable (income)/ | ||||||
| Expenditure (net) | (1, 032) | (672) | (1, 915) | (3, 332) | ||
| Profit Before Tax | 8,639 | 11,040 | 3,210 | 31,720 | ||
| 3a Segment Assets | ||||||
| (a) Abrasives | 64,563 | 57,834 | 48,586 | 57,834 | ||
| (b) Ceramics & Plastics | 36,546 | 33,839 | 31,646 | 33,839 | ||
| (c) IT Service | 4.319 | 4,532 | 6,577 | 4,532 | ||
| (d) Others | 1,636 | 1,437 | 4,654 | 1,437 | ||
| (e) Unallocated | 88,024 | 88,825 | 65,690 | 88,825 | ||
| Total Segment Assets | 195,088 | 186,467 | 157,153 | 186,467 | ||
| 3b Segment Liabilities | ||||||
| (a) Abrasives | 23,548 | 24,121 | 15.034 | 24,121 | ||
| (b) Ceramics & Plastics | 14,067 | 12,187 | 9,084 | 12,187 | ||
| (c) IT Service | 1,365 | 1,669 | 1,404 | 1,669 | ||
| (d) Others | 962 | 723 | 3,992 | 723 | ||
| (e) Unallocated | 11,079 | 10,071 | 5,738 | 10,071 | ||
| Total Segment Liabilities | 51,021 | 48,771 | 35,252 | 48,771 |
Price Waterhouse Chartered Accountants LLP
Review Report
To.
The Board of Directors M/s. Grindwell Norton Limited 5th Level, Leela Business Park, Andheri Kurla Road, Marol, Andheri (East), Mumbai - 400 059
- $12$ We have reviewed the unaudited standalone financial results of Grindwell Norton Limited (the "Company") for the quarter ended June 30, 2021 which are included in the accompanying 'Unaudited Standalone Financial Results for the Quarter ended June 30, 2021 (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes.
-
- This Statement, which is the responsibility of the Company's Management and approved by the 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, 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 in accordance with the Standard on Review Engagement (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 is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
- Based on our review conducted as above, nothing has come to our attention that causes us to believe 5. that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/ N500016
Sachin Parekh Partner Membership Number 107038 UDIN: 21107038AAAAER4125
Mumbai July 28, 2021
...................................... Gate No. 3 Western Express Highway, Goregaon East, Mumbai - 400 063 $T: +91(22)$ 61198000, $F: +91(22)$ 61198799
Registered office and Head office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi 110 002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
GRINDWELL NORTON LIMITED Regd, Office: Leela Business Park, 5th Level, Andheri-Kurla Road, Marol, Andheri (E), Mumbai 400 059,Tel.: 022-40212121 * Fax: 022-402121202 * Email: sharecmpt,[email protected] * Website: www.grindwellnorton.co.in CIN-L26593MH1950PLC008163
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
| (Rs. in Lakhs) | |||||
|---|---|---|---|---|---|
| Quarter ended | Year ended | ||||
| 30-06-2021(Unaudited) | 31-03-2021(Refer Note 3) | 30-06-2020(Unaudited) | 31-03-2021(Audited) | ||
| Income | |||||
| (a) Gross Sales and Service Income | 43,443 | 50.535 | 22,879 | 162,255 | |
| (b) Other Operating Income | 315 | 216 | 161 | 1.035 | |
| Revenue from Operations (a+b) | 43,758 | 50.751 | 23,040 | 163,290 | |
| (c) Other Income | 1.423 | 1,244 | 2,598 | 5.097 | |
| Total Income | 45,181 | 51,995 | 25,638 | 168,387 | |
| $\overline{2}$ | Expenses | ||||
| (a) Cost of materials consumed | 17,802 | 14,355 | 7.845 | 53,562 | |
| (b) Purchases of Stock-in-Trade | 5,854 | 7.862 | 2,512 | 16,530 | |
| (c) Changes in inventories of finished goods, work-in- | |||||
| progress and stock-in-trade | (4, 513) | (5) | (12) | 3.155 | |
| (d) Employee benefits expense | 5,696 | 5,632 | 4.495 | 20.542 | |
| (e) Depreciation and amortisation expenses | 1,339 | 1,325 | 1,203 | 5,189 | |
| (f) Power & Fuel | 1,806 | 1,845 | 900 | 5,853 | |
| (g) Finance costs | 51 | 104 | 76 | 324 | |
| (h) Other expenses | 8,296 | 9,663 | 5.375 | 31,268 | |
| Total Expenses | 36,331 | 40.781 | 22,394 | 136,423 | |
| 3 | Profit before tax (1 - 2) | 8,850 | 11,214 | 3.244 | 31,964 |
| $\overline{4}$ | Tax expense | ||||
| (a) Current Tax | 2,332 | 2.703 | 456 | 7,874 | |
| (b) Deferred Tax Charge/(Credit) | (66) | 205 | (61) | (118) | |
| 5 | Net Profit for the period (3 - 4) | 6,584 | 8,306 | 2,849 | 24,208 |
| 6 | Other comprehensive income, net of income tax | ||||
| (a) Items that will not be reclassified to profit or loss | (60) | 4,046 | (1, 514) | 2,410 | |
| (b) Income tax relating to items that will not be reclassified | |||||
| to Profit or Loss | 15 | (932) | 451 | (451) | |
| Total other comprehensive income, net of income tax | (45) | 3.114 | (1,063) | 1,959 | |
| $\overline{7}$ | Total comprehensive income for the period $(5 + 6)$ | 6.539 | 11,420 | 1,786 | 26,167 |
| 8 | Paid-up equity share capital (Face value Rs.5/- per share) | 5,536 | 5,536 | 5,536 | 5,536 |
| 9 | Reserves and Surplus excluding Other Reserves as per | ||||
| balance sheet of previous accounting year | ٠ | ٠ | × | 117,640 | |
| 10 | Earnings per equity share of Rs 5 /- each (not annualised): | ||||
| (a) Basic (in Rs.) | 5.95 | 7.50 | 2.57 | 21.86 | |
| (b) Diluted (in Rs.) | 5.95 | 7.50 | 2.57 | 21.86 | |
| See accompanying notes to the financial results |
| GRINDWELL NORTON LIMITED | |||||
|---|---|---|---|---|---|
| Notes: | |||||
| The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 28,2021. | |||||
| $\mathcal{P}$ | The above said results are prepared in accordance with the Indian Accounting Standards (Ind AS), as amended, specified underSection 133 of the Companies Act, 2013. The statutory auditors of the Company have carried out a Limited Review of the aboveresults. | ||||
| 3 | The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures for the full financial year and thepublished year to date figures upto nine months ended December 31, 2020. | ||||
| 4 | Different forms of restrictions imposed by various state governments and local bodies due to second wave of COVID-19, are beinglifted and the vaccination drive is gaining momentum, especially in the corporate sector. The Group's operations are running at normallevels. The Group is taking necessary actions to secure the health and safety of its employees and extended ecosystem. However,the Group will continue to monitor changes to the future economic conditions for any material impact as the situation evolves. | ||||
| 5 | The Segment wise information as required by Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 is furnished in Annexure I. | ||||
| 6 | The financial results are available on the BSE Limited website, www.bseindia.com, National Stock Exchange of India Limitedwebsite,www.nseindia.com and on the Company's website, www.grindwellnorton.co.in |
July 28, 2021
use Chartered Acco LLPIN AC-5001 countants Chartered FRN Mumbal
For GRINDWELL NORTON LIMITED
$\mathfrak{sp}$
B. SanthanamManaging DirectorDirector Identification No. 00494806
Annexure I
| GRINDWELL NORTON LIMITED | |||||||
|---|---|---|---|---|---|---|---|
| STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES | |||||||
| (Rs. in Lakhs) | |||||||
| Quarter Ended | Year Ended | ||||||
| 30-06-2021 | 31-03-2021 | 30-06-2020 | 31-03-2021 | ||||
| (Unaudited) | (Refer Note 3) | (Unaudited) | (Audited) | ||||
| Segment Revenue(a) Abrasives | |||||||
| (b) Ceramics & Plastics | 24,31815,240 | 30,352 | 10,322 | 93,283 | |||
| (c) IT Services | 3,432 | 16,3463,314 | 8,5122,993 | 54,46912,607 | |||
| (d) Others | 943 | 989 | 1,264 | 4,029 | |||
| Total | 43,933 | 51,001 | 23,091 | 164,388 | |||
| Less: Inter-Segment Revenue | 175 | 250 | 51 | 1,098 | |||
| Revenue from Operations | 43,758 | 50,751 | 23,040 | 163,290 | |||
| $\overline{2}$ | Segment Results | ||||||
| (a) Abrasives | 2,980 | 4,884 | (1,004) | 11,197 | |||
| (b) Ceramics & Plastics | 3,758 | 4,457 | 1,581 | 13,199 | |||
| (c) IT Services | 936 | 956 | 658 | 3,666 | |||
| (d) Others | 166 | 350 | 170 | 897 | |||
| Total | 7,840 | 10,647 | 1,405 | 28,959 | |||
| Less: (1) Interest | 51 | 104 | 76 | 324 | |||
| (2) Other unallocable (Income)/ | |||||||
| Expenditure (net) | (1,061) | (671) | (1, 915) | (3, 329) | |||
| Profit Before Tax | 8,850 | 11,214 | 3,244 | 31,964 | |||
| 3a Segment Assets | |||||||
| (a) Abrasives | 64,563 | 57,834 | 48,586 | 57,834 | |||
| (b) Ceramics & Plastics | 34,019 | 31,634 | 28,599 | 31,634 | |||
| (c) IT Services | 4,319 | 4,532 | 6,577 | 4,532 | |||
| (d) Others | 1,636 | 1,437 | 4,654 | 1,437 | |||
| (e) Unallocated | 88,024 | 88,825 | 65,690 | 88,825 | |||
| Total Segment Assets | 192,561 | 184,262 | 154,106 | 184,262 | |||
| 3b Segment Liabilities | |||||||
| (a) Abrasives | 23,548 | 24,121 | 15,034 | 24,121 | |||
| (b) Ceramics & Plastics | 13,492 | 12,151 | 8,665 | 12,151 | |||
| (c) IT Services | 1,365 | 1,669 | 1,404 | 1,669 | |||
| (d) Others | 962 | 723 | 3,992 | 723 | |||
| (e) Unallocated | 10,905 | 9,892 | 5,514 | 9,892 | |||
| Total Segment Liabilities | 50,272 | 48,556 | |||||
| 34,609 | 48,556 |
