Kabra Extrusion Technik Ltd — Interim / Quarterly Report 2021

Aug 10, 2020

O R ExtrusionTechnik

K

KET/SEC/SE/2020-21

August 10, 2020

BSE Limited

Floor 25, Phiroze Jeejeebhoy Tower, Dalai Street, Mumbai - 400 001

National Stock Exchange India Limited

Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai-400051.

Scrip Code: 524109

Stock Code: KABRAEXTRU

Dear Sirs,

Sub: Outcome of Board Meeting of the Company held on August 10, 2020

In continuation to our letter dated August 03, 2020 and in terms of the provisions of Regulations 30 and Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has today at its meeting approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2020. A copy of the said Unaudited Financial Results and Limited review report are attached.

The meeting of the Board of Directors commenced at 02:00 p.m. and concluded at 0 3 ' - p.m.

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Kindly take our above submission on your record.

Thanking you,

Yours faithfully, For Kabra Extrusiontechnik Ltd. Arya K. Chachad Company Secretary End: As above

www.kolsite com

Kabra Extrusiontechnik Limited

Fortune Terraces. B wing. 10th Floor, Link Road. Opp. Citi Mall. Andhen (West), Mumbai- 400 053. Maharashtra. India. Phone +91-22-2673 4822/23/24/25 • Fax: +91-22-2673 5041 • Email: sales@kolsitegroup.com GSTIN : 27AAACK4289L2Z1

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A Kolsite Group Company
A Collaboration With
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Works 1

Kabra Industrial Estate, Kachigam, Daman-396210. India

Works 2

b a t t e n f e ld -c in c in n a t l V

Survey No 259(1 to 5 260/1 to 6. 265/3, Coastal Highway. Dunetha Daman-396210. India. Tel.: +91-8511152180/8511152152/07227035211 • E-mail: ket@kolsitegroup.com Works 1 & 2 GSTIN : 25AAACK4289L1Z6 / CIN-L28900MH1982PLC028535

K A BRA K X T R I SIO N TF.CH M K LIMITED

CONSOLIDATED UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER ENDED JUNE 30, 2020

											(5 in lakhs)
			Standalone						Consolidated
Sr. No.	Particular*		Quarter ended			Year ended		Cuarter ended			Year ended
		June 30	Mar 31	June 30		Mar 31	June 30		Mar 31	June 30	Mar 31
		2020	2020	2019		2020	2020		2020	2019	2020
		Unaudited	Audited	Unaudited		Audited	Unaudited		Audited	Unaudited	Audited
i	Revenue from operations	3,650 82	5,585 40	3,538.17		22,018.99	3,650.82		5,585.40	3,538.17	22,018.99
it	Other Income	47.09	81.33		46.40	294.36	47 09		81.33	46.40	294.36
UI	Total income ( I + II )	3,697.91	5,666.73	3,584.58		22,313.35	3,697.91		S,666.73	3,584.58	22313.35
IV	EXPENSES
	Cost of material consumed	1,407.89	4,165.22	3,517.02		16,531.80	1,407 89		4,165.22	3,517.02	16,531.80
	Changes in inventories o f finished goods & work in progress	950 30	(718 66)	(1,254.75)		(3,050.19)	950.30		(718.66)	(1.254.75)	(3.050.19)
	Excise Duty	-			*	-	-		*	-	-
	Employee benefit expense	561.52	730 81		853 80	3,203.27	561 52		730.81	853.80	3303.27
	Finance Cost	74.65	31 08		31 43	14565	74.65		31.08	31.43	145.65
	Depreciation and amortisation expense	240.27	201.38		188.28	771.79	240.27		201.38	188.28	771 79
	Other Expenses	455.5!	1,115.01		850 42	4,082.05	455.51		1.115 01	85042	4,082.05
	Total expenses ( IV )	3,690.15	5.524.83	4,186.20		21,684.38	3,690.15		5,524.83	4,186.20	21,684.38
V	Profil/fl-oss) before exceptional items & tax ( III - IV )	7.75	141.90	(601.62)		628.98	7.75		141.90	(601.62)	628.98
VI	Share in Profit/(Loss) of Joint Ventures (net o f tax)	-			-	-	2.98		0.97)	(1.17)	(5.69)
VII	Exceptional items	-	-		-	-	-		-	-	-
vni	Profit/ (Loss) before tax ( V - VI - V II)	7.75	141.90	(601.62)		628.98	10.73		139.93	(602.79)	623.29
IX	Tax expenses
	Current Tax	-	-			-	-		-	-	-
	Income Tax Earlier Year	-	14.46		-	14 46	-		14.46	-	14.46
	MAT Credit entitlement	(0.53)	(9.11)		-	(74. tl)	(0.53)		(9.11)	-	(74.11)
	Deferred Tax	33.13	60.17		(1.39)	(5846)	33.13		60.17	(1 39)	(58.46)
X	Profit/ (1 >oss) for the period ( V III - DC )	(24.85)	76.39		(600.23)	747.09	(21.87)		74.42	(601.39)	741.40
XI	Other Comprehensive Income
	i) Items that will not be reclassified to profit or loss	1.042.38	(1.208 14)		4.62	(1,561.75)	1,042.38		(1,208.14)	4.62	(1,561.75)
	ii) Income tax relating to items that will not be reclassified to profit or loss	-	-		-	-	-		-	-	-
XII	Total Comprehensive Income for the period ( X + X I ) (Comprising Profit
	(Loss) and Other Comprehensive Income for the period)	1.017.53	(1.131.74)		(595.61)	(814.66)	1,020.51		(1,133.72)	(596.78)	(820.35)
XIII	Paid up Equity Share Capital	1,595 12	1,595 12	1,595.12		1,595.12	1,595.12		1.595.12	1.595.12	1.595.12
	(Face Value of Rs._51-_each)
XIV	Earning per equity share basic and diluted but not annualized (for continuing	(0.08)	0.24		(1.88)	2_34	(0,07)		0.23	(1.89)	2.32
	operations) (In Rs)

Notes:

• 1 The above Results have been reviewed and recommended by the Audil Committee & approved by the Board of Directors at its Meeting held on August 10, 2020.

• 2 Figures for the previous periods have been regrouped, wherever necessary.

Place: Mumbai Date August 10,2020

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For Kabra Extrusiontechnik Ltd. S. V. KabrS Chairman & Managing Director (DIN: 00015415)

Kabra Extrusiontechnik Ltd.

STANDALONE & CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30. 2020

									[T in l akh'.)
Sr No	Particulars		Standclone				Consolidated
			Quarter ended		Year ended		Quarter ended		Year ended
		June 30,	Mar 31,	June 30,	Mar 31,	June 30,	Mar 31,		Mar 31,
		2020	2020	2019	2020	2020	2020	June 30, 2019	2020
		(Unaudited)	(audited)	(Unaudited)	(audited)	(Unaudited)	(audited)	(Unaudited)	(audited)
0)	Segment Revenue
	Extrusion Machinery Division	3.696.65	5,665.48	3,584.58	22,312.10	3,696.65	5,665.48	3,584 58	22.312.10
	Battery Division	1.26	1.25	-	1.25	1.26	1.25	-	1.25
	Total Segment Revenue	3,697.91	5,666.73	3,584.58	22,313 35	3,697 91	5,666.73	3,584.58	22,313.35
(K)	Segment Results
	Extrusion Machinery Division	189.38	466.28	-570.19	1,067.94	189 38	466.28	-570.19	1,067.94
	Battery Division	*106.97	-293.31	-	293 31	-106.97	-293.31	-	-293.31
	Total Segment Results	82.41	172.97	-570.19	774.63	82.41	172.97	-570.19	774 63
	Unallocated Corporate income net of unallocated expenses		-	-	-	-	-	-
	Profit / (loss) before interest and taxation	82.41	172.97	-570.19	774.63	82.41	172.97	-570.19	774.63
	Finance Cost	74.65	31.08	3143	145.65	74.65	31.08	31.43	145.65
	Profit (+)/loss (-) before exceptional items and share of loss	7.75	141.90	-601.62	628.98	7.75	141 90	-601.62	628.98
	Share in profit/(loss) of joint ventures / associates	-	-	-		2.98	1.97	-1.17	-5.69
	Profit{+)/LossH before exceptional items and tax	7.75	141.90	-601 62	628.98	10.73	139.92	-602.78	623.30
	Exceptional items	-	-	-	-	-	-	-	.
	Profit(+)/ Loss( -) before tax	7.75	141.90	-601.62	628.98	10.73	139 92	-602.78	623.30
	Tax Expenses
	Current Tax
	MAT Credit Entitelment	-0.53	-9.11		-74.11	-0.53	-9.11		-74.11
	Income Tax of earlier year		14.46		14.46		14.46		14.46
	Deffered Tax	33.13	60.17	-1.39	-58.46	33.13	60.17	-1.39	-58.46
	Net Profit/ (loss) after tax	-24.85	76 39	-600.22	747.10	-21.87	74.41	-601.39	741.41
	Other Comprehensive Income	1,042 38	-1,208 14	4.62	-1,561.76	1,042.38	-1,208.14	4.62	-1,561.76
	Net Comprehensive Income	1.017.53	-1,131.75	-595.61	-814.66	1,020.51	-1,133.72	-596.78	-820.35
(Hi)	Segment Assets
	Extrusion Machinery Division	23,856.91	25,112.91	32,791.47	25,112.91	23,856.91	25,112.91	32,731.28	25,112.91
	Battery Division	6,606.15	5,758.13	1,761.86	5,758.13	6,606.15	5,758.13	1,761.86	5,758.13
	Total Segment Assets	30,463.06	30,871.04	34,553.33	30,871.04	30,463.06	30,871.04	34,493.14	30,871.04
	Unallocated Corporate Assets	7,938 64	6,131.35	-	6,131.35	7,875.74	6,065.47	-	6,065.47
	Total Assets	38,401.70	37,002.39	34,553.33	37,002.39	38,338.80	36,936.51	34,493.14	36,936.51
<™)	Segment Liabilities
	Extrusion Machinery Division	9,444 15	10,861.41	34,553.33	10,861.41	9,444.15	10,861.41	34,493.14	10,861.41
	Battery Oivision	2,907.80	2,418.85	-	2,418.85	2,907.80	2,418.85	-	2,418.85
	Total Segment Liabilities	12,351.96	13,280.26	34,553.33	13,280.26	12,351.96	13,280.26	34,493.14	13,280.26
	Unallocated Corporate Liabilities	26,049 74	23,722.13	-	23,722.13	25,986.84	23.6S6.25	-	23,656.25
	Total Liabilities	38,401.70	37,002.39	34,553.33	37,002.39	38,338.80	36,936.51	34,493.14	36.936.S1
(v)	Capital Employed
	Extrusion Machinery Division	14,412.76	14,251.51	-1,761.86	14,251.51	14,412.76	14,251.51	-1,761.86	14,251.51
	Battery Division	3,698.35	3,339.27	1,761.86	3,339.27	3,698.35	3,339.27	1,761.86	3,339.27
	Unallocated	-18,111.11	-17,590.78	-	-17,590.78	-18,111.11	-17.590.78	-	-17,590.78

Notes :

1 The operating segments identified are I) Extrusin Machinery & ii) Battery. Segment revenue, segment expenses, segment assets & segment liabilities have been identified to the segments on the basis of their relationship to the operating activities of segment. Revenue, expenses, assets & liabilities, which relate to the company as a whole and are not allocable to segments on reasonable basis have been included under ' Unallocated corporate Assets / liabilities / Revenue / Expenses"

• 2 Previous year figures have been regrouped wherever necessary.

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A.G. O GALE & CO.

Chartered Accountants

1 IMIl I I) REVIEW REPORT

Independent Auditor's Review Report to the Hoard of Directors of Kabra Extrusiontechnik l td. on the Standalone Unaudited financial Results.

We have reviewed the accompanying statement of unaudited financial results of M/s. Kabra i xlrusionlechnik Limited for the quarter ended 30th June 2020 and year to date for the period trom 0L-1 \pril 2020 to 30th June 2020 ("the Statement") being submitted by Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/CMD1/ 80 /2019.

1 he preparation of the statement in accordance with Lhe recognition and measurement principles laid down in Indian Accounting Standards 34 -"Interim f inancial Reporting" (Ind AS VI) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian \c counting Standards) Rules, 2013, is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these statements based on our review.

We c onducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim f inancial Information Performed by 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 live >1 material misstatement. A review is limited primarily to inquiries of company personnel n.i analytical procedures applied to financial data and thus provides less assurance than an udii. We have not performed an audit and accordingly, we do not express an audit opinion.

Rased on our review conducted as above, nothing has come to our attention that causes us to i-eliew ilia! the accompanying statement has not been prepared in all material respect in accordance with applicable Accounting Standards i.e. Ind AS prescribed u/s 133 of Lhe ( ompajii.es Act, 2013 read with relevant rules issued there under and other recognized

accounting practices and policies generally accepted in India, and has not disclosed the information required to be disclosed in terms'of Regulation 33 of the SEB1 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/C1D/CMD1/ 80 /2019 dated July 19, 2019, including the manner in which it is to be J im losed. or that it contains any material misstatement.

l or M/s. A. G. OGAM & CO.

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Membership N o.: 113775

chin ; 20| | V \IS ft ft p, f)£ A liO? 3

Mumbai,

August 10, 2020

Ganesh Prasad, 365/38, hkbote Colony, Shankarsheth Road, Pune 411 042. C on tact: 94 220 320 49 M ail: pramodgugale@gmail.com

_c y _ i

A.G. OGALE & CO.

Chartered Accou n t a n t s __

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I.IMITl.ilJ REVIEW REPORT

Independent Auditor's Review Report to the Hoard of Directors of Kabra Extrusiontechnik l td. on the Consolidated Unaudited Financial Results.

i \ i• h.ivr ((‘viewed the accompanying statement of Consolidated Unaudited Financial results i M/s. Kabra Extrusiontechnik Eimited("Parenl Company") and its share of the net pmiii/doss) after lax and total comprehensive income/loss of its associates and joint ventures lor ih. quarter ended 3(Hh June 2020 and year to date for the period from 01st April 2020 to mli Inrit 2020 ("the Statement") being submitted by Parent pursuant to the requirement of Gallon 33 o| theSEBI (I .isling Obligations and Disclosure Requirements) Regulations, 2015,

id With C malar No. CIR/CFD/CMD1/ 80 /2019.Attenlion is drawn to the fact that the n ad.ilrd ligures for the corresponding quarter 30th June 2020 as reported in these financial nil have been approved by the Group's Board of Directors,but have not been subjected to re\ lew .

IB' preparation of the statement in accordance with the recognition and measurement i iv ipies laid down in Indian Accounting Standards 34 -"Interim Financial Reporting" (Ind AS . prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian •unling Standards) Rules, 2013, is the responsibility of the Group's Management and has i approved by the Parent's Board of Directors. Our responsibility is to issue a report on 1 1iese si.iiements based on our review.

. conducted our review in accordance with the Standard on Review Engagement (SRE) ; H R eview of Interim Financial Information Performed by Independent Auditor of the i • m“cl by the Institute of Chartered Accountants of India. This Standard requires that n ind perform the review to obtain moderate assurance as to whether the financial •••'•nls are free of material misstatement. A review is limited primarily to inquiries of personnel and analytical procedures applied to financial data and thus provides less Ilian an audit. We have not performed an audit and accordingly, we do not express in eu.lii opinion.

I" Wormed procedures in accordance with the circular issued by the SEBI under i i ' (H) nl the* SEBI (I.isling Obligations and Disclosure Requirements) Regulations, • .uin-iuicd, l.o Ihe extent applicable.

i I lu' statement includes lhe share of the following entities :

Jointly controlled I Entities :

o. kahra Meeanor Belling Technik Private Limited, b I Y n la Auto l'eeding India Limited.

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement has not been prepared in all material respect in accordance with applicable Accounting Standards i.e. Ind AS prescribed u/s 133 of the Companies Act, 2013 read with relevant rules issued there under and other recognized accounting practices and policies generally accepted in India, and has not disclosed theinlormation required to be disclosed in terms of Regulation 33 of the SEB1 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. C 1R/CFD/CMD1/ 80 /2019dated July 19, 2019, including the manner in which it is to be disclosed, or that it contains any material misstatement.

o. The consolidated unaudited financial results includes the Group's share of net loss of Rs.2.98 lakhs for the quarter ended 30th June 2020 as considered in the consolidated unaudited tinancial results, in respect of Joint Ventures' whose interim Financial statements have been certified b\ the Management, as these are not material for the group as per Regulation 33(3)(h) ol the Sb.BI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our Conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of these joint ventures, is based solely on the statements provided by the Management. (. >nr conclusion on the statement is not modified in respect of the above matters.

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UDIN : (201 I ft Aft ft Dzft 130

Mumbai, August 10, 2020

Canesh Prasad, 365/38, Lkbote Colony, Shankarsheth Road, Pune 411 042. C ontact: 94 220 320 49 Mail : pramodgugale@gmail.com