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Jindal Worldwide Ltd. Interim / Quarterly Report 2022
60781_rns_2021-08-13_9e3a1cf2-0786-4479-a5aa-dd7736a66315.pdf
Interim / Quarterly Report
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Date: 13th August, 2021 13th August, 2021
To, National Stock Exchange of India Limited Exchange Plaza Plot no. C11, G Block Bandra- Kurla Complex, Bandra (E) Mumbai - 400 051 NSE Company Code: JINDWORLD National Stock Exchange of India Limited Exchange Plaza Plot no. C/i, G Block Bandra- Kuria Mumbai - 400 051 NSE Company Code: JINDWORLD
The Bombay Stock Exchange Limited Listing Department PhirozJeejeebhoy Tower, 25th Floor, Dalal Street Murnbai — 400 001 SSE Company Code: 531543 The Bombay Stock Exchange Limited Listing Department Phirozieejeebhoy Tower, 25th Floor, Dalai Street Mumbai 400 001 BSE Company Code: 531543
Subject: Submission of "Lin-audited Standalone and Consolidated Financial Results along with the Independent Limited Review Report for the Quarter ended 34thJune 2021 as per Companies (Indian Accounting Standards) Rules, 2015 (IND-AS) under Regulation 33 of 5E131(LODR) Regulations 2015. Subject: Submission of "Un-audited Standalone and Consolidated Financial Results along with the Independent Limited Review Report for the Quarter ended 30thJune, 2021 as per Companies (Indian Accounting Standards) Rules, 2015 (END-AS) under Regulation 33 of SEBI (LODR) Regulations 2015.
Dear Sir/Ma'am,
With reference to above and pursuant to REGULATION 33 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular no. CIR/CFD/FAC/62/2016 dated 5' July, 2016, SEBI Circular No- CIR/CFD/CMD1/44/2019 dated 29" March, 2019 and 5E51 Circular No. CIR/CFD/CMD1/80/2019 dated /9" July, 2019; it is hereby informed that the Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter ended 30E1' June, 2021, prepared in accordance with Regulation 33 of the 5E13.1(10DR) Regulations, 2015 and Companies (Indian Accounting Standards) Rules, 2015 (1 ND-.AS) along with the Independent Limited Review Report thereon as received from the Statutory Auditors of the Company [Mts. Sarernal & Company, (FRN 109281W), Practicing Chartered Accountants, Ahmedabad] has been duly considered, approved and taken on record by the Board of Directors at their meeting held on Friday, 13thday of August, 2021. With reference to above and pursuant to REGULATION 33 of the SEBI (LODR) Regulations, 2015 read Circular no. CIR/CFD/FAC/62/2016 dated 5' July, 2016, SEBI Circular No. CIR/CFD/CMD1/44/2019 dated 29' March, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19" July, 2019; it is hereby informed that the Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter ended 30 EF**' June. 2021,** prepared in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015 and Companies (Indian Accounting Standards) Rules, 2015 (1ND-AS) along with the Independent Limited Review Report thereon as received Statutory Auditors of the Company [Ws. Sarernal & Company, (FRN: 109281W), Practicing Chartered Accountants, Ahmedabad] has been duly considered, approved and taken on record by the Board of Directors held on Friday, 13th day 2021.
Kindly find enclosed herewith a copy of aforementioned Un-Audited Standalone and Consolidated Financial Results of the Company along with the Independent Limited Review Report thereon, for the Quarter ended 30" June, 2021. enclosed herewith a copy of aforementioned Un-Audited Standalone and Consolidated Financial Results of the Company with the Independent Limited Review Report thereon, for the Quarter ended 30" 2021.
Further, pursuant to Regulation 47 of 5EBI (LODR) Regulations 2015, the said results will be duly published in the required newspaper within the prescribed time period and will be uploaded on the website of the Company (www,jindaltextiles.com). 47 of SEBI (LODR) Regulations 2015, the said results will be duly published in required newspaper within the prescribed time period and will be uploaded on the website of the (www.iindaltextiles.com). You are kindly requested to acknowledge and the same
You are kindly requested to acknowledge and update the same in your records.
Thanks & Regards For Jindal Wo Thanks & Regards For Jindal Wo: e Limited idua)
(CS Kiran Company k.-fetary.& Compliance Officer (CS Kiran Company ".. 0 rri r.-- Ne . e. Compliance Officer
Encl.- "As above" Encl.- "As above"
Corporate House" Opp. b-mart, I.O.C. Petrol Pump Lane, Shhirajani Shyarnal 132 Ft. Ring Road. Satelilta, Ahmedabad-380015: INDIA. Tel 079-7140 1500-7104.) 1571 Email : salasMindattextiles. corn Web,site : virmA..jindaltaxtites.00rn GIN . L17110GJ1986PLC1J06942 "Jindal Corporate House" Opp. 0-mart, I.O.C. Petrol Pump Lane, Shivrajani Shyamal 132 Ft. Rine Road, Satellite, Ahmedabad-380015. INDIA. Tel 079-7100 1500-7100 1571 Email : [email protected] Website : www.jindaltaxtiles.com CIN L 17110GJ1986P LC0013942
SOIREMAt SL co SARUM & 00
Chartered Accountants Chartered Accountants
1Atimadabad .,,
C
CA Saremal Shah (Boom, FCA): CA Pravin Lavana (Bcorn, LLB. FCA) CA Saremal Shah (Boom, FCA); CA Pravin Lavana (Boom, LLB. FCA)
LIMITED REVIEW REPORT LIMITED REVIEW REPORT
ON UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE UARTERENDED ON307 " JUNE 2021 OF "JINDAL WORLDWIDE LIMITED" ON UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THEQUARTERENDED ON3O ni JUNE, 2021 OF "JINDAL WORLDWIDE LIMITED"
(Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015} {Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015) To,
To, The Beard of Directors, Jindal Worldwide Limited ".1indal House", Opp. Dmart, 1.0.C. Petrol Pump Lane, ShivranjahiShyamal 132 Ft Ring road, Satellite, Ahmedabad — 380015 The Board of Directors, Jindal Worldwide Limited "Jindal House", Opp. °mart, I.O.C. Petrol Pump Lane, ShivranjaniShyannal 132 Ft Ring road,
- 1, We have reviewed the accompanying statement of Un-audited Standalone Financial Resultsof Ws. Jindai Worldwide Limited(the Company) for thequarterended 30thJune, 202lattached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the 5E81 (Listing Obligations and Disclosures Requirements) Regulations,2015 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 05th July, 2016, 5E131 Circular No. CIR/CF0/CrviD1/44/2019 dated 29th March, 2019 and SERI Circular No. CIR/CFD/CIMDLI80/2019 dated 19th July, 2019,This statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on 13thAugust, 202L Our responsibility is to issue a report on these financial statements based on our review, Satellite, Ahmedabad — 380015 1. We have reviewed the accompanying statement of Un-audited Standalone Financial Resultsof Ws. Jindal Worldwide Limited(the Company) for thequarterended 30th June, 2021attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations,2015 read with SEBI Circular No. CIIR/CFD/PAC/62/2016 dated 051July, 2016, 5E131 Circular No. CIR/CFD/CMD1/44/2019 dated 29" March, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19thJuly, 2019.This statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on 13thAugust, 2021. Our responsibility is to issue a report on these financial statements based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SIRE) 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 financial statements are 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 assur audit. We have not performed an audit and accordingly, we do not express an audit opin 2. 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 financial statements are 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 assur- • .e. n audit, We have not performed an audit and accordingly, we do not express an audit opin . " ------*)0* , 0 IN cf.
Bi5 - Prarthana Flats, Opp, Sardar Patel Sava Sarnaj Hall. Navrangpura, Ahnne 80 009 Ph: 079-26440056, Fax: 079-40372927. E-mail: saremal_cornpany@yanoomin "El f' Ak:'..J 13/5 - Prarthana Flats, Opp, Sardar Patel Seva Samaj Hall. Navrangpura, Ahmee--rv: 80 009 Ph: 079-26440056, Fax: 079-40372927. E-mail: [email protected]
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Un-audited Standalone Financial Results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has notdisclosed the information required to be disclosed in terms of Regulation 33 of the SE31 (Listing Obligations and Disclosure Requirements} Regulations, 2015read with 5EB1 Circular No. CIR/CFD/FAC/62/2016 dated 5thJuly, 2016 SEM Circular No. CIR/CFD/CMD1/44/2019 dated 29th March, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 191:1 July, 2019including the manner in which it is to be disclosed, or that it contains any material misstatement, 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Lin-audited Standalone Financial Results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has notdisclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015read with 5E131 Circular No. CIR/CFD/FAC/62/2016 dated 5thJuly, 2016, 5E131 Circular No. CIR/CFD/CMD1/44/2019 dated 29th
-
- We would like to draw attention to the fact that the company has adopted Indian Accounting Standards (Ind AS) for the Financial Year commencing from 01" April, 2017" and accordingly, the statement of Unaudited Standalone Financial Resultsfor the quarterended 30thJune, 2021has been prepared by the company's management in compliance with Indian Accounting Standards (IND- AS) prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules,. 2015issued thereunder. March, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19t '' July, 2019including the manner in which it is to be disclosed, or that it contains any material misstatement. 4. We would like to draw attention to the fact that the company has adopted Indian Accounting Standards (Ind AS) for the Financial Year commencing from 01" April, 2017, and accordingly, the statement of Unaudited Standalone Financial Resultsfor the quarterended 30thJune, 2021has been prepared by the company's management in compliance with Indian Accounting Standards (IND- AS) prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015 issued thereunder.
- 5. The financial results for the quarter ended 31" March, 2021 forming part of the statement of Un-Audited Standalone Financial Results for the quarter ended 30thJune, 2021 are the balancing figure between the audited figures in respect of the full Financial Year ended on 31" March, 2021 and the published year to date figures up to the third quarter of the previous financial year(2020-2021) i.e. 31" December, 2020, which were subject to limited review by us, S. The financial results for the quarter ended 31" March, 2021 forming part of the statement of Un-Audited Standalone Financial Results for the quarter ended 30" June, 2021 are the balancing figure between the audited figures in respect of the full Financial Year ended on 31" March, 2021 and the published year to date figures up to the third quarter of the previous financial year(2020-2021) i.e. 31" December, 2020, which were subject to limited review by us.
Our Conclusion is not modified in respect of this matter. Our Conclusion is not modified in respect of this matter.
For, SAREMAL SL 59. Chartered Acco taylIts For, SAREMAL Chartered Acco S
ra,vin ka na (Partne n Ea na (Partne
rvierriberSh No.: 037180 Firm Registration No.. 109281W UDIN No. 21037180AAAACP928z, MemberSh p No.: 037180 Firm Registration No.: 109281W UDIN No. 21037180AAAACP9284
Ahmedabad. August 13, 2021 Ahmedabad, August 13, 2021
(STANDALONE)
JINDAL WORLDWIDE LIMITED
Regd. Off: "Jindal House", Opp. Dmart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite, Ahmedabad -380015
*CIN: L17110GJ1986PLC008942 *Ph:079-71001500*
*E-mail Id: [email protected] * Website: www.jindaltextiles.com\*
STATEMENT OF UN-AUDITED STANDALONE FINANCIAL RESULTS (As per Schedule III of the Companies Act, 2013 and IND-AS)
* For the Quarter Ended 30th June, 2021 *
| (RS. III Lakiis Except EPS ) | |||||
|---|---|---|---|---|---|
| Particulars | Quarter EndedPreeceeding 3 months3 months ended | Year EndedCorr. 3 months ended Previous Financial Year | |||
| S.No. | of C.Y. | ended of C.Y. | in P.Y. | ended | |
| 30th June, 2021 | 31st March, 2021 | 30th June, 2020 | 31st March, 2021 | ||
| (Un-Audited) | (Audited) | (Un-Audited) | (Audited) | ||
| Revenue from operations | 51921.37 | 64713.65 | 4732.60 | 170969.63 | |
| Ш | Other Income | 101.63 | 1934.58 | 79.48 | 2467.25 |
| $\mathbf{m}$ | Total Revenue (1+1) | 52023.00 | 66648.23 | 4812.08 | 173436.88 |
| Expenses | |||||
| (a) Cost of materials consumed | 45483.60 | 43958.19 | 2904.47 | 117252.28 | |
| (b) Purchases of stock-in-trade | 2626.46 | 4493.40 | 929.62 | 10420.20 | |
| (c) Changes in inventories of finished | (8188.95) | (2515.18) | (1303.51) | (780.52) | |
| IV | goods, work-in- progress and stock-in-trade | ||||
| (d) Employee benefits expense | 275.69 | 351.49 | 161.80 | 1076.66 | |
| (e) Finance Cost | 1103.78 | 1036.93 | 1273.45 | 4842.16 | |
| (f) Depreciation and amortisation expense | 710.64 | 666.01 | 710.45 | 2824.51 | |
| (g) Other expenses | 7670.07 | 15984.22 | 1883.27 | 31601.31 | |
| Total expenses | 49681.29 | 63975.06 | 6559.55 | 167236.60 | |
| v | Profit before exceptional and extraordinaryItems and tax (III-IV) | 2341.71 | 2673.17 | (1747.47) | 6200.28 |
| VI | Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 |
| VII | Profit before extraordinary itemsand tax (V - VI) | 2341.71 | 2673.17 | (1747.47) | 6200.28 |
| VIII | Extraordinary items | 0.00 | 0.00 | 0.00 | 0.00 |
| IX | Profit Before Tax (VII-VIII) | 2341.71 | 2673.17 | (1747.47) | 6200.28 |
| x | Tax expense :- | ||||
| (a) Current tax | 650.41 | 434.64 | 0.00 | 1270.12 | |
| (b) Tax of Earlier Period | 0.35 | 205.66 | 0.00 | 205.66 | |
| (c) Deferred tax | (71.70) | 265.34 | (426.65) | 314.67 | |
| Total Tax Expense | 579.06 | 905.64 | (426.65) | 1790.45 | |
| XI | Profit / (Loss) for the period from continuingoperations (IX - X) | 1762.65 | 1767.53 | (1320.82) | 4409.83 |
| XII | Profit/(loss) from Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| XIII | Tax expense of Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| XIV | Profit/(loss) from Discontinuing operations(after tax) (XII-XIII) | 0.00 | 0.00 | 0.00 | 0.00 |
| XV | Profit / (Loss) for the period (XI + XIV) | 1762.65 | 1767.53 | (1320.82) | 4409.83 |
| XVI | Share of profit / (loss) of associates | N.A | N.A | N.A | N.A |
| XVII | Minority interest | N.A | N.A | N.A | N.A |
| XVIII | Profit / (Loss) after taxes, minority interestand share of profit / (loss) of associates | 1762.65 | 1767.53 | (1320.82) | 4409.83 |
| XIX | Other Comprehensive Income | ||||
| A. Items that will be/will not be reclassifiedthrough profit and loss | 0.00 | 0.00 | 0.00 | 0.00 | |
| B. Income Tax Relating to Items that will be/will notbe reclassified through profit and loss | 0.00 | 0.00 | 0.00 | 0.00 | |
| XX | Total comprehensive income for the period$(XVIII+XIX)$ | 1762.65 | 1767.53 | (1320.82) | 4409.83 |
| XXI | Paid-up equity share capital (Face Value of Rs.$1/-$ each) | 2005.20 | 2005.20 | 2005.20 | 2005.20 |
| XXII | Earnings per equity share (XVIII/XXI*1): | ||||
| (a) Basic | 0.88 | 0.88 | (0.66) | 2.20 | |
| (b) Diluted | 0.88 | 0.88 | (0.66) | 2.20 |
** Notes Enclosed
Ahmedab cred Ac
Date: 13th August 2021 Place: Ahmedabad
For and On Behalf of the Board For JINDAL WORLDWIDE LIMITED ORLD L
$\alpha$
AHMEDABAD
a.
$\omega$ (DR. YAMUNADUTT AGRAWAL) Chairman & Director DIN: 00243192
SAREMM 1, 00 SAREMM 00
Ohartered Recountants Ohartered Recountants
CA Saremal Shah {Boom, FCA); CA Pravin Lavana (Boom, LLB, FCA)
INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT
ON UN-AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30T" JUNE 2021 OF "JINDAL WORLDWIDE LIMITED" RESULTS FOR THE QUARTER 30T" "JINDAL WORLDWIDE
(Pursuant to Regulation 33 of the 5EBI (Listing Obligation and Disclosure Requirements) Regulations, 2015)
To, The Board of Directors, Jindal Worldwide Limited "uncial House", Opp. Drnart,, I.O.C. Petrol Pump Lane, ShlvranjaniShyarnal 132 Ft ring road, Satellite, Ahmedabad — 380015
- 1. We have reviewed the accompanying statement of Un-audited Consolidated Financial Results ofM/s. Jindal Worldwide Limited ("the Parent Companyland its wholly owned subsidiary (Parent Company and its Wholly Owned subsidiary together referred to 85 'the Group"), and its share of the profit/ (loss) after tax and total comprehensive income / lossof its associatefor the quarter ended30th June, 2021("the Statement"), being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. OR/CFWFAC/62/2016 dated 5th July, 2016, SEBI Circular No. CI R/CFD/CMD1/44/2019 dated 29thMarch, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19:hJuly, 2019 and all such amendments thereof from time to time.
- 2. This Statement, which is the responsibility of the Parent Company's Management and approved by the Parent Company's Board of Directors in their respective meeting herd on 13th August, 2021 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.
Page 1 of 4
8/5 - Prarthane Flats, Opp. Sardar Patel Sava Samaj Navrangpura. Ahmedabad - 380 009 Ph: 079-26440058. Fax: 079-40372927, E-mail: saremal_corni:Fanayahoci.oci.in
3. 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 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 riot express an audit opinion. 3. We conducted our review of the Statement in accordance with (SRE) Financial Information Performed by the Independent Auditor of the Entity", review of interim financial of making inquiries, primarily of persons responsible for financial and accounting matters, and applying procedures. A review is scope than in with Standards and consequently enable us we would become all significant matters that might be identified in an audit. Accordingly, we do not
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the 5E61 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. procedures in issued by SEBI under 33 (8) SEBI arid Disclosure Requirements) Regulations, 2015, as the extent
-
- The Statement includes the results of the entities as mentioned in Schedule-A annexed to this report. The of the entities as mentioned in this report.
-
- Based on our review conducted and procedures performed as stated in paragraph 3 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstaterrient.Our conclusion is not modified in respect of this matter. 5. conducted and performed as stated in paragraph 3 above, nothing come to 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
-
- We did not review the financial resultsand other financial informations in respect of wholly owned subsidiary& associate Companies whose financial results for the quarterended 30r'' June, 2021. as included in the unaudited consolidated financial resultsreflects total revenues, total net profit/(loss) after tax, total comprehensive income Aloss) and Share of profit/(loss)as per the Schedule-A annexed to this report and where the said financial results and other financial information as mentioned in Schedule-A annexedhavenot been reviewed by theirrespective Statutory Auditors.ln our opinion and according to the information and explanations given to us by themanagement, the said financial results and other financial information of the subsidiarieslwholly owned subsidiaries/Associates are not material to the group. as amended, it contains material misstatement.Our conclusion is not modified in respect of this matter. 6. We did not review the financial resultsand other financial informations in respect of wholly owned subsidiary& associate Companies whose results for 30thJune, as included unaudited consolidated /(loss) and Share of profit/(loss)as per the to this report and where the said financial results and other financial information as mentioned in Schedule-A annexedhavenot been reviewed by theirrespective Statutory Auditors.ln our opinion and according to the information and explanations given to us by themanagement, the said financial results and other financial information of the subsidiaries/wholly owned subsidiaries/Associates are not material to the group. Our conclusion on the Statements is not modified in respect of the above matter.
Our conclusion on the Statements is not modified in respect of the above matter.
-
- The financial results for the quarter ended 31"March, 2021 forming part of the statement of Lin-Audited Consolidated Financial Results for the quarter ended 30thJune, 2021 are the balancing figure between the audited figures in respect of the full Financial Year ended on 31" March, 2021 and the published year to date figures up to the third quarter of the previous financial year(2020-2021) i.e. 31" December, 2020, which were subject to limited review by us.
- S. We would like to draw attention to the fact that the company has adopted Indian Accounting Standards (Ind-.AS) for the Financial Year commencing from 01" April,. 2017, and accordingly, the statement of Uri-Audited Consolidated Financial Results for the quarterended 30" June, 20Z1has been prepared by the company's management in compliance with Indian Accounting Standards (IND- AS) prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015issued thereunder,
Ahmedabad, August 13,2021 UDIN NO Ahmedabad, August 13,2021
ENCLOSURE: "'Schedule A"
For SAREM Chartered A -AFC* u nOnts For SAREM Chartered A -AFC* u nOnts
avin Lmiana (Partner) Membership 037180 Firm Registration No,: 109281W UDIN NO 21031180AAAACQ6466 Lmiana (Partner)
SCHEDULE-A
List of Wholly Owned Subsidiary / Associate Companies of the Company as included in the Un-Audited Consolidated Financial Resultsfor the quarterended 30"June, 2021;whose Financial Results reflect the foElowing: List of Wholly Owned Subsidiary / Associate Companies of the Company as included in the Un-Audited Consolidated Financial Resultsfor 2021;whose Financial Results reflect the foElowing:
Rs. In Lakhs- as on 30thJune, 2021) Rs. In Lakhs- as on 30 thJune, 2021)
| Rais.i7126 68126.i53N A. |
|---|
| 5.005.000,590,59:1690 22 |
For SAREMAe*C.P. Chartered A5 bun ts avin Lava • a (Partner Chartered A5 bun ts avin Lava • a (Partner
Membership No.: 0371E10 Firm Registration No.: 109281W UDIN NO 21037180AAAACQ6466 Membership No.: 0371E10 Firm Registration No.: 109281W UDIN NO 21037180AAAACQ6466
Ahmedabad, August 13,2021 Ahmedabad, August 13,2021
(CONSOLIDATED)
JINDAL WORLDWIDE LIMITED
Regd. Off: "Jindal House", Opp. Dmart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite, Ahmedabad 380015
*CIN: L17110GJ1986PLC008942 *Ph:079-71001500*
*E-mail Id: [email protected] * Website: www.jindaltextiles.com\*
STATEMENT OF UN-AUDITED CONSOLIDATED FINANCIAL RESULTS
(As per Schedule III of the Companies Act, 2013 and IND-AS)
* For the Quarter Ended 30th June, 2021 *
| Particulars | Quarter Ended | lust in ravio ruraht ri.s.Year Ended | |||
|---|---|---|---|---|---|
| S.No. | 3 months endedof C.Y. | Preeceeding 3 monthsended of C.Y.31st March, 2021(Audited) | Corr. 3 months endedIn P.Y. | Previous year ended31st March, 2021(Audited) | |
| 30th June, 2021(Un-Audited) | 30th June, 2020(Un-Audited) | ||||
| ٠ | Revenue from operations | 52442.54 | 64185.07 | 5453.22 | 169961.52 |
| $\mathbf{I}$ | Other Income | 101.63 | 1934.62 | 174.32 | 2467.29 |
| Ш | Total Revenue ( I + II | 52544.17 | 66119.69 | 5627.54 | 172428.81 |
| Expenses | |||||
| (a) Cost of materials consumed | 45565.43 | 42770.15 | 2978.77 | 113231.01 | |
| (b) Purchases of stock-in-trade | 2625.46 | 4802.17 | 1551.84 | 12279.33 | |
| (c) Changes in inventories of finishedgoods, work-in- progress and stock-in-trade | (8210.76) | (2479.10) | (1436.54) | (738.68) | |
| IV | (d) Employee benefits expense | 324.33 | 401.55 | 188.88 | 1233.62 |
| (e) Finance Cost | 1115.86 | 1067.84 | 1291.48 | 4933.20 | |
| (f) Depreciation and amortisation expense | 757.99 | 691.55 | 736.09 | 2926.95 | |
| (g) Other expenses | 7847.50 | 16325.97 | 1968.13 | 32322.29 | |
| Total expenses | 50026.91 | 63580.13 | 7278.65 | 166187.72 | |
| v | Profit before exceptional and extraordinaryitems and tax (III-IV) | 2517.26 | 2539.56 | (1651.11) | 6241.09 |
| VI | Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 |
| VII | Profit before extraordinary items and tax (V -VI) | 2517.26 | 2539.56 | (1651.11) | 6241.09 |
| VIII | Extraordinary items | 0.00 | 0.00 | 0.00 | 0.00 |
| IX. | Profit Before Tax (VII-VIII) | 2517.26 | 2539.56 | (1651.11) | 6241.09 |
| x | Tax expense :- | ||||
| (a) Current tax | 697.67 | 430.96 | 0.00 | 1298.70 | |
| (b) Tax of Earlier Period | 0.35 | 205.65 | 0.00 | 203.58 | |
| (c) Deferred tax | (72.27) | 275.98 | (425.16) | 320.52 | |
| (d) MAT Credit Entitlement | 2.19 | (2.19) | 0.00 | (2.19) | |
| Total Tax Expense | 627.94 | 910.40 | (425.16) | 1820.61 | |
| XI | Profit / (Loss) for the period from continuingoperations (IX - X) | 1889.32 | 1629.16 | (1225.95) | 4420.48 |
| X11 | Profit/(loss) from Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.00 | 0.00 | 0.00 | 0.00 | ||
| XIII | Tax expense of Discontinuing Operations | 0.00 | |||
| XIV | Profit/(loss) from Discontinuing operations(after tax) (XII-XIII) | 0.00 | 0.00 | 0.00 | |
| XV | Profit / (Loss) for the period (XI + XIV) | 1889.32 | 1629.16 | (1225.95) | 4420.48 |
| XVI | Share of profit / (loss) of associates | 0.22 | (0.13) | (263.88) | 0.34 |
| XVII | Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| XVIII | Profit / (Loss) after taxes, minority interestand share of profit / (loss) of associates | 1889.54 | 1629.03 | (1489.83) | 4420.82 |
| XIX | Other Comprehensive Income | ||||
| A. Items that will be/will not be reclassifiedthrough profit and loss | 0.00 | 0.00 | 0.00 | 0.00 | |
| B. Income Tax Relating to Items that willbe/will not be reclassified through profit andloss | 0.00 | 0.00 | 0.00 | 0.00 | |
| XX | Total comprehensive income for the period$(XVIII+XIX)$ | 1889.54 | 1629.03 | (1489.83) | 4420.82 |
| XXI | Paid-up equity share capital (Face Value ofRs. 1/- each) | 2005.20 | 2005.20 | 2005.20 | 2005.20 |
| XXII Earnings per equity share (XVIII/XXI*1):(a) Basic | 0.94 | 0.810.81 | (0.74)(0.74) | 2.202.20 | |
| (b) Diluted** Notes Enclosed | 0.94 |
For and On Behalf of the Board For JINDAL WORLDWIDE LIMITED
$RLD$
AHMEDABAD
₹
≃∆ (DR. YAMUNADUTT AGRAWAL) Chairman/ Director DIN: 00243192
Date: 13th August, 2021 Place: Ahmedabad
| 't° NOTES To Un-Audited Standalone & Consolidated Financial Results** NOTES To Un-Audited Standalone & Consolidated Financial Results | ||||||
|---|---|---|---|---|---|---|
| (For The quarter Ended 30thJune, 20211{For The Quarter Ended 30thJune, 20211 | ||||||
| 1.1. | The above Lin-Audited Standalone & Consolidated Financial Results of the Company for the quarter endedThe above Un-Audited Standalone & Consolidated Financial Results of the Company for the quarter ended30"June, 2021 have been reviewed and recommended by the Audit Committee and are approved by the Board ofCommittee and are approved by the Board of30thJune, 2021 have been reviewed and recommended by the AuditDirectors at their respective Meeting held on 13th August, 2021.Directors at their respective Meeting held on 13th August, 2021. | |||||
| 2.2. | The Statutory. Auditors of the Company have carried out Limited Review of the above Standalone & ConsolidatedThe Statutory Auditors of the Company have carried out Limited Review of the above Standalone & ConsolidatedFinancial Results of the Company for the quarter ended 30" June, 2021 in terms of Regulation 33 of the SEBI ILODR)Financial Results of the Company for the quarter ended 30" June, 2021 in terms of Regulation 33 of the SERI (LOOR)Regulations, 2015 and have issued an unmodified Limited Review Report thereon.Limited Review Report thereon.Regulations, 2015 and have issued an unmodified | |||||
| 3.3. | The Company has adopted, Indian Accounting Standards prescribed under Section 133 of the Companies Act,2013The Company has adopted, Indian Accounting Standards prescribed under Section 133 of the Companies Act,2013('Ind-ASI from 1" April, 2017 and accordingly these financial results and all the periods presented have been('Ind-AS') from lg April, 2017 and accordinglythese financial results and all the periods presented have beenprepared in accordance with the recognition and measurement principles laid down in IND-AS 34 "Interim Financialprepared in accordance with the recognition andmeasurement principles laid down in IND-AS 34 "Interim FinancialReporting." read with relevant rules issued thereunder and the other accounting principles generally accepted inReporting" read with relevant rules issued thereunderand the other accounting principles generallyaccepted inIndia and discloses the information required to be disclosed in terms of Regulation 3.3 of the SEBI (LOOR)information required to be disclosed interms of Regulation 33 of the SEBI (10011)India and discloses theRegulations, 2015 ( as amended).Regulations, 2015 ( as amended). | |||||
| 4. | The company is engaged in business of 'Textile' and has only one reportable segment in accordance with Ind AS 108The company is engaged in business of 'Textile'and has only one reportable segment in accordance with Ind AS 108'Operating Segments' therefore segment reporting as defined in IND AS 108 is not applicable to the Company.'Operating Segments' therefore segment reportingas defined in IND AS 108 is not applicable to the Company. | |||||
| 5. | The figures for the corresponding previous periods have been restated/regrouped wherever necessary, to makeThe figures for the corresponding previous periods have been restated/regrouped wherever necessary, to makethem comparable, Expenses which are directly related to Sales like Discount, Sales Commission, Rate Difference andthem comparable. Expenses which are directly related to Sales like Discount, Sales Commission, Rate Difference andQuantity /Quality Claim have been reduced from the Revenue. During the year Yarn Sales (Raw Material) has beenQuantity /Quality Claim have been reduced from the Revenue. During the year Yarn Sales (Raw Material) has beenshown by reducing the same from Yarn Purchase.shown by reducing the same from Yarn Purchase. | |||||
| 6.6. | Pursuant to national wide lockdown imposed by the government of India due to Covid-19, Company's operations,Pursuant to national wide lockdown imposed by the government of India due to Covid-19, Company's operations,revenue and consequently profit during the quarter ended 30th June, 2020 were impacted. However, during therevenue and consequently profitimpacted. However, during theduring the quarter ended 30"' June, 2020 werequarter ended 30" June, 2021 the operations of the company were not much affected due to the second wave ofquarter ended 30" June, 2021the operations of the company were not much affected due to the second wave ofCovid-19 pandemic.Covid-19 pandemic.The Company has considered the possible effects that may result from Covid-19 in the preparation of thesethe possible effects that may result from Covid-19 in the preparation of theseThe Company has consideredFinancial Results including the recoverability of carrying amounts of the financial and non-financial assets andFinancial Results including the recoverability of carryingamounts of the financial and non-financial assets andliquidity assessment based on future cash flow projections. In building the assumptions relating to the possibleliquidity assessment based on future cash flowprojections. In building the assumptions relating to the possibleuncertainties in the global economic conditions as at the date of approval of these financial results, the companyuncertainties in the global economic conditions as at the date of approval of these financial results, the companyhas used internal and external sources of information and expects that the carrying amount of the assets will hethat the carrying amount of the assets will behas used internal and external sources of information and expectsrecovered.recovered_ | |||||
| 7.7. | The financial results for the quarter ended 31" March, 2021 forming part of the statement of Lin-AuditedThe financial results for the quarter ended 31't March, 2021 forming part of the statement ofLin-AuditedStandalone & Consolidated Financial Results for the quarter ended 30' June, 2021 are the balancing figure betweenStandalone & Consolidated Financial Results for the quarter ended 30thJune, 2021 are the balancing figure betweenthe audited figures in respect of the full Financial Year ended on 31" March, 2021 and the published year to datethe audited figures in respect of the full Financial Year ended on 31" March, 2021and the published year to datefigures up to the third quarter of the previous financial year(2020-2021) i.e. 31' December, 2020, which werefigures up to the third quarter of the previous financial year(2020-2021) i.e. 31" December, 2020, which weresubject to limited review by the Statutory Auditors.subject to limited review by the Statutory Auditors. | |||||
| 8.8. | A statement of Lin-audited Standalone & Consolidated Financial Results are also available on the website of BSEA statement of Un-audited Standalone & Consolidated Financial Results are also available on the website of BSELimited (www.bseindia.corn), National Stock Exchange of India Limited (www.nseindia.corni and an the website ofLimited (www.bseindia.corrj), National Stock Exchange of India limited (www.nseindia.corni and on the website ofthe Company (www.'indaltextiles.com).the Company (www.iindaltextiles.com). |
Date: 13'hAugust, 2021 Place: Ahmedabad Date: 13thAugust, 2021 Place: Ahmedabad
For and On Behalf of the Board, JINDAL WORLDWIDE LIMITED For and On Behalf of the Board, JINDAL WORLDWIDE LIMITED
DR.YAM UNADUrt AG RAWAL) Chairman/ Director DIN: 00243192 DR.YAMLINADUTT AG RAWAL) Chairman/ Director D/N: 00243192
':c) a
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