Jocil Limited — Interim / Quarterly Report 2022

Aug 4, 2021

Jocil Limited

⊠ Box 216, Arundelpet P.O., Guntur-522 002, Andhra Pradesh, India Ph: 0863-2290190 • Fax: 0863-2290090 • Email: jocil@jocil.net • Web: www.jocil.in

JOCIL/ADM/30D(iv)/2021/934

DATE: 04-08-2021

M/s. National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra (East), MUMBAI-400 051.

Dear Sirs.

Sub: Outcome of the Board Meeting of the Company held on 04-08-2021 – Reg.

The Board of Directors at its meeting held today approved the following.

The Board has taken on record and approved the Unaudited Financial Results for the Quarter ended 30-06-2021. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith the Unaudited Financial Results for the Quarter ended 30-06-2021 approved by the Board along with Limited Review Report of the Auditors thereon.

The Board Meeting commenced at 11.15 a.m. and concluded at $\log p$ .m.

Thanking you,

Yours faithfully, For Jocil Limited.

Managing Director.

Krr/mum.

A Subsidiary of The Andhra Sugars Limited

Jocil Limited

⊠ Box 216, Arundelpet P.O., Guntur-522 002, Andhra Pradesh, India Ph: 0863-2290190 • Fax: 0863-2290090 • Email: jocil@jocil.net • Web: www.jocil.in

Statement of Unaudited Financial Results for the Quarter ended 30-06-2021

			(₹ in lakhs)
	Particulars	Quarter Ended	Year ended
SI.No		30.6.2021	31.03.2021	30.06.2020	31.03.2021
		Unaudited	Audited(Refer note no.3)	Unaudited	Audited
$\mathbf{1}$	Revenue
	a) Revenue from Operations	16816.31	15490.29	14137.77	56537.03
	b) Other Income	34.57	10.49	25.13	131.54
	Total Revenue	16850.88	15500.78	14162.90	56668.57
$\overline{2}$	Expenses
	a) Cost of materials consumed	13199.22	11901.34	10632.99	43004.45
	b) Purchases of stock-in-trade
	c) Changes in inventories of finished goods,	645.27	525.74	76.11	171.31
	work-in-progress and stock-in-trade
	d) Employee benefits expense	684.94	840.74	673.67	2977.10
	e) Finance Costs	4.17	25.38	19.48	88.88
	f) Depreciation and amortisation expense	167.15	141.82	137.70	560.80
	g) Other expenses	1841.11	1958.41	2051.21	8323.16
	Total expenses	16541.86	15393.43	13591.16	55125.70
$\overline{3}$	Profit before exceptional items and$tax(1-2)$	309.02	107.35	571.74	1542.87
4	Exceptional items
5	Profit before Tax (3-4)	309.02	107.35	571.74	1542.87
6	Tax expense
	Current Tax	97.47	(69.53)	210.66	470.00
	Short Provision of Current Tax		0.04		0.04
	Deferred tax (Credit)	(19.69)	(221.88)	(24.11)	(288.13)
7	Profit after tax	231.24	398.72	385.19	1360.96
8	Other Comprehensive Income
	A. Items that will not be re-classified to profit
	and loss account (net of tax)
	a. Changes in fair value of investments	564.60	114.34	42.32	459.09
	b. Re-measurement of defined employeebenefit plans	1.31	56.79	(17.19)	5.23
9	Total comprehensive incomefor the period $(7+8)$	797.15	569.85	410.32	1825.28
10	Paid-up equity share capital	888.12	888.12	888.12	888.12
	(Face Value of ₹ 10/-each)
11	Other Equity (excluding revaluation reserve)				18722.87
12	Earnings per share - Basic and Diluted	2.60	4.49	4.34	15.32
	(not annualised)

A Subsidiary of The Andhra Sugars Limited

Jocil Limited

Segment wise revenue, results and capital employed for the Quarter ended 30-06-2021

(रैin lakhs)
		Year ended
Particulars	30.06.2021	31.03.2021	30.06.2020	31.03.2021
	Unaudited	Audited	Unaudited	Audited
Segment Revenue
Chemicals	14408.61	12763.60	11191.26	46648.07
Soap	7378.03	7190.64	7846.01	25866.72
Power Generation	628.51	843.12	812.03	3209.88
Total	22415.15	20797.36	19849.30	75724.67
Inter Segment Revenue	(5598.84)	(5307.07)	(5711.53)	(19187.64)
Gross Sales / Income from Operations	16816.31	15490.29	14137.77	56537.03
Segment Results
Chemicals	278.12	(193.08)	158.14	993.34
Soap	198.26	509.37	426.40	1033.75
Power Generation	120.73	26.49	223.43	493.89
Total	597.11	342.78	807.97	2520.98
Interest income	3.16	10.48	2.52	90.12
Other unallocable expenditure	(287.08)	(220.53)	(219.27)	(979.35)
net off unallocable income
Interest expense	(4.17)	(25.38)	(19.48)	(88.88)
Total Profit before Tax	309.02	107.35	571.74	1542.87
Segment Assets
Chemicals	11706.64	11578.07	14469.92	11578.07
Soap	6261.46	5926.68	3675.12	5926.68
Power Generation	3356.94	3649.70	3437.15	3649.70
Others	4539.56	4072.59	2761.74	4072.59
Total	25864.60	25227.04	24343.93	25227.04
Segment Liabilities
Chemicals	4175.80	3915.84	1568.29	3915.84
Soap	491.24	507.91	255.66	507.91
Power Generation	270.66	158.02	297.26	158.02
Others	518.73	1034.23	3760.21	1034.23
Total	5456.43	5616.01	5881.42	5616.01
Capital Employed
(Segment Assets -Segment Liabilities)
Chemicals	7530.84	7662.23	12901.63	7662.23
Soap	5770.22	5418.77	3419.46	5418.77
Power Generation	3086.28	3491.68	3139.89	3491.68
Others	4020.83	3038.36	(998.47)	3038.36
Total	20408.17	19611.03	18462.51	19611.03

Notes:

1. These financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on 4th August 2021. These results are as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The statutory auditors have carried out a limited review of these results for the quarter ended June 30, 2021 and have issued an unmodified report on these results.

Jocil Limited

• 1. The company has considered the possible effects of the COVID-19 pandemic on the carrying amounts of its Property, plant & equipment, trade receivables, inventories and other assets. In assessing the recoverability of these assets, the company has considered the internal and external sources of information available to it at the time of approval of the financial statements, and is of view that the carrying amounts of the assets will be realized. The assessment of the impact of COVID-19 pandemic is an ongoing process, given the uncertainties associated with the nature and intensity of its possible consequences and the time required to overcome them. Accordingly, the eventual outcome for the company may be different from that assessed as on the date of approval of these financial results, and would be recognized prospectively.
• 1. The figures for the quarter ended March 31, 2021 of the financial results are balancing figures between the audited figures of the full financial year ended March 31, 2021 and the published year to date figures up to 3rd quarter ended December 31, 2020.
• 1. Previous period's figures have been regrouped wherever necessary to conform to current period classification.

For and on behalf of Board of Directors

$dA\alpha M_1$

J.MURALI MOHAN Managing Director

Dokiparru 04-08-2021

INDEPENDENT AUTORS' REVIEW REPORT ON QUARTERLY UNAUDITED FINANCIAL RESULTS PURSUANT TO THE REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

TO THE BOARD OF DIRECTORS OF

JOCIL LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial Results of JOCIL Limited ("the Company"), for the Quarter ended 30th June, 2021 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This Statement is the responsibility of the Company's Management and approved by the Board of Directors in their Meeting held on 4th August, 2021 has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard-34 "Interim Financial Reporting" ("Ind As -34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report 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. 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.
• Based on our review conducted as stated above, nothing has come to our attention that causes us to $3.$ believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards 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 nay material misstatement.

Place: Guntur Date: 4-08-2021 UDIN: 21028105AAAABP3710

For CHEVUTURI ASSOCIATES Chartered Accountants (Firm's Registration No.000632S)

B. Raghunadh

Raghunadha Rao Balineni Partner Membership No.028105