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Kabra Extrusion Technik Ltd Interim / Quarterly Report 2022
62521_rns_2021-07-26_2a39bbc9-bffe-41e1-b49a-29d774371175.pdf
Interim / Quarterly Report
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KET/SEC/SE/2020-21
BSE Limited Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001
July 26, 2021
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 July 26, 2021
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, inter alia, considered and approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2021. A copy of the said Unaudited Financial Results, Limited Review Report and press release are attached.
The meeting of the Board of Directors commenced at 03:30 p.m. and concluded at 06:10 p.m.
Kindly take our above submission on your record.
Thanking you,
Yours faithfully, For Kabra Extrusiontechnik Ltd.
Arya K. Chachad
Company Secretary
Encl: As above
| www.kolsite.com | A Kolsite Group Company | ||||
|---|---|---|---|---|---|
| Kabra Extrusiontechnik LimitedFortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall.Andheri (West), Mumbai- 400 053. Maharashtra, India.Phone: +91-22-2673 4822/23/24/25 · Fax: +91-22-2673 5041 · Email: [email protected]GSTIN: 27AAACK4289L2Z1 | A Collaboration With | ||||
| Works 1Kabra Industrial Estate, Kachigam, Daman-396210. IndiaWorks 2Survey No. 259/1 to 5 260/1 to 6, 265/3, Coastal Highway, Dunetha, Daman-396210, India.Tel.: +91-8511152180/8511152152/07227035211 • E-mail: [email protected] | battenfeld-cincinnati | ||||
| Works 1 & 2 GSTIN : 25AAACK4289L1Z6 / CIN-L28900MH1982PLC028535 |
Kabra Extrusiontechnik Ltd. STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021
| $($ \times in lake takes) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Standalone | Consolidated | |||||||||
| Sr. No. | Particulars | Quarter ended | Quarter ended | Year Ended | ||||||
| June 30 | Mar 31 | June 30 | Mar 31 | June 30 | Mar 31 | June 30 | Mar 31 | |||
| 2021 | 2021 | 2020 | 2021 | 2021 | 2021 | 2020 | 2021 | |||
| Unaudited | Audited | Unaudited | Audited | Unaudited | Audited | Unaudited | Audited | |||
| 1 | Revenue from operations | 5,533.68 | 10,665.32 | 3,650.82 | 27,424.29 | 5,533.68 | 10,665.32 | 3,650.82 | 27,424.29 | |
| $_{\rm II}$ | Other Income | 52.14 | 128.36 | 47.09 | 286.76 | 52.14 | 128.36 | 47.09 | 286.76 | |
| Ш | Total income $(1 + II)$ | 5,585.82 | 10,793.68 | 3,697.91 | 27,711.06 | 5,585.82 | 10,793.68 | 3,697.91 | 27,711.06 | |
| IV | EXPENSES | |||||||||
| Cost of material consumed | 4,505.07 | 5,380.35 | 1,407.89 | 14,312.78 | 4,505.07 | 5,380.35 | 1,407.89 | 14,312.78 | ||
| Changes in inventories of finished goods & work in progress | (1,109.29) | 1,599.28 | 950.30 | 3,336.19 | (1,109.29) | 1.599.28 | 950.30 | 3,336.19 | ||
| Excise Duty | $\sim$ | $\overline{\phantom{a}}$ | ||||||||
| Employee benefit expense | 794.42 | 745.53 | 561.52 | 2,743.30 | 794.42 | 745.53 | 561.52 | 2,743.30 | ||
| Finance Cost | 49.46 | 43.28 | 74.65 | 270.09 | 49.46 | 43.28 | 74.65 | 270.09 | ||
| Depreciation and amortisation expense | 263.63 | 265.06 | 240.27 | 966.91 | 263.63 | 265.06 | 240.27 | 966.91 | ||
| Other Expenses | 658.97 | 1,256.52 | 455.51 | 2,956.58 | 658.97 | 1,256.52 | 455.51 | 2,956.58 | ||
| Total expenses (IV) | 5,162.26 | 9,290.03 | 3,690.15 | 24,585.85 | 5,162.26 | 9,290.03 | 3,690.15 | 24,585.85 | ||
| V | Profit/(Loss) before exceptional items & tax (III - IV) | 423.57 | 1,503.65 | 7.75 | 3,125.21 | 423.57 | 1,503.65 | 7.75 | 3,125.21 | |
| VI | Share in Profit/(Loss) of Joint Ventures & Associates (net of tax) | $\blacksquare$ | $\blacksquare$ | $\sim$ | $\sim$ | (28.23) | 39.58 | 2.98 | 37.52 | |
| VII | Exceptional items | |||||||||
| VIII | Profit/(Loss) before $\text{tax}$ (V + VI - VII) | 423.57 | 1,503.65 | 7.75 | 3,125.21 | 395.33 | 1,543.24 | 10.73 | 3,162.73 | |
| IX | Tax expenses | |||||||||
| Current Tax | 104.56 | 278.40 | ×. | 670.00 | 104.56 | 278.40 | $\sim$ | 670.00 | ||
| Income Tax Earlier Year | $\sim$ | (18.55) | (18.55) | $\overline{\phantom{a}}$ | (18.55) | (18.55) | ||||
| MAT Credit entitlement | ٠ | (105.95) | (0.53) | (106.48) | ¥. | (105.95) | (0.53) | (106.48) | ||
| Deferred Tax | 15.46 | 84.22 | 33.13 | 161.59 | 15.46 | 84.22 | 33.13 | 161.59 | ||
| X | Profit/(Loss) for the period (VIII - IX) | 303.55 | 1,265.53 | (24.85) | 2,418.65 | 275.32 | 1,305.11 | (21.87) | 2,456.18 | |
| XI | Other Comprehensive Income | |||||||||
| i) Items that will not be reclassified to profit or loss | 675.84 | (662.48) | 1,042.38 | 2,141.52 | 675.84 | (662.48) | 1,042.38 | 2,141.52 | ||
| ii) Income tax relating to items that will not be reclassified to profit or loss | ٠ | ۰. | ٠ | $\overline{\phantom{a}}$ | $\omega$ | |||||
| XII | Total Comprehensive Income for the period $(X + XI)$ (Comprising Profit | |||||||||
| (Loss) and Other Comprehensive Income for the period) | 979.39 | 603.05 | 1,017.53 | 4,560.17 | 951.16 | 642.63 | 1,020.51 | 4,597.70 | ||
| 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. 5/- each) | ||||||||||
| XIV | Earning per equity share basic and diluted but not annualized (for | 0.95 | 3.97 | (0.08) | 7.58 | 0.86 | 4.09 | (0.07) | 7.70 | |
| continuing operations) $\bar{\tau}$ per share |
Notes
$\lambda$
The above Results have been reviewed and recommended by the Audit Committee & approved by the Board of Directors at its Meeting held on 26th July 2021. $\mathbf{1}$
Figures for previous periods have been regrouped wherever necessary. $\sqrt{2}$
The figures for the quarter ended March'21 are the balancing figures between audited figures for the year ended March'21 and unaudited published year to date figures up to the period ended $\overline{3}$ Dec.'20
Date: July 26, 2021 Place: Mumbai
For Kabra Extrusiontechnik Ltd.
Hick
S. V. kabra Chairman & Managing Director $(DIN: 00015415)$
Kabra Extrusiontechnik Ltd. STANDALONE & CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2021
8
$-12.5$
| Sr.No. | Particulars | Standalone | (K in Lakns)Consolidated | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year ended | Quarter ended | Year ended | ||||||
| June 30, | Mar 31, | June 30, | June 30, | Mar 31, | June 30, | Mar 31, | |||
| 2021 | 2021 | 2020 | Mar 31, 2021 | 2021 | 2021 | 2020 | 2021 | ||
| (unaudited) | (audited) | (unaudited) | (audited) | (unaudited) | (audited) | (unaudited) | (audited) | ||
| (i) | Segment Revenue | ||||||||
| Extrusion Machinery Division | 5,267.91 | 10,682.33 | 3,696.65 | 27,514.70 | 5,267.91 | 10,682.33 | 3,696.65 | 27,514.70 | |
| Battery Division | 317.91 | 111.36 | 1.26 | 196.36 | 317.91 | 111.36 | 1.26 | 196.36 | |
| Total Segment Revenue | 5,585.82 | 10,793.68 | 3,697.91 | 27,711.06 | 5,585.82 | 10,793.68 | 3,697.91 | 27,711.06 | |
| (ii) | Segment Results | ||||||||
| Extrusion Machinery Division | 603.81 | 1,718.64 | 189.38 | 3,923.46 | 603.81 | 1,718.64 | 189.38 | 3,923.46 | |
| Battery Division | $-130.79$ | $-171.71$ | $-106.97$ | $-528.16$ | $-130.79$ | $-171.71$ | $-106.97$ | $-528.16$ | |
| Total Segment Results | 473.02 | 1,546.93 | 82.41 | 3,395.30 | 473.02 | 1,546.93 | 82.41 | 3,395.30 | |
| Unallocated Corporate income net of unallocated expenses | $\sim$ | ||||||||
| Profit / (loss) before interest and taxation | 473.02 | 1,546.93 | 82.41 | 3,395.30 | 473.02 | 1,546.93 | 82.41 | 3,395.30 | |
| Finance Cost | 49.46 | 43.28 | 74.65 | 270.09 | 49.46 | 43.28 | 74.65 | 270.09 | |
| Profit (+)/loss (-) before exceptional items and share of loss | 423.57 | 1,503.65 | 7.75 | 3,125.21 | 423.57 | 1,503.65 | 7.75 | 3,125.21 | |
| Share in profit/(loss) of joint ventures / associates | $\sim$ | $-28.23$ | 39.58 | 2.98 | 37.52 | ||||
| Profit(+)/LossH before exceptional items and tax | 423.57 | 1,503.65 | 7.75 | 3,125.21 | 395.33 | 1,543.24 | 10.73 | 3,162.73 | |
| Exceptional items | $\overline{\phantom{a}}$ | ||||||||
| Profit(+)/ Loss(-) before tax | 423.57 | 1,503.65 | 7.75 | 3.125.21 | 395.33 | 1,543.24 | 10.73 | 3,162.73 | |
| Tax Expenses | |||||||||
| Current Tax | 104.56 | 278.40 | $\overline{\phantom{a}}$ | 670.00 | 104.56 | 278.40 | ×. | 670.00 | |
| MAT Credit Entitelment | $\omega$ | $-105.95$ | $-0.53$ | $-106.48$ | $-105.95$ | $-0.53$ | $-106.48$ | ||
| Income Tax of earlier year | $-18.55$ | ÷. | $-18.55$ | ÷ | $-18.55$ | $-18.55$ | |||
| Deffered Tax | 15.46 | 84.22 | 33.13 | 161.59 | 15.46 | 84.22 | 33.13 | 161.59 | |
| Net Profit/ (loss) after tax | 303.55 | 1,265.53 | $-24.85$ | 2,418.65 | 275.32 | 1,305.11 | $-21.87$ | 2,456.18 | |
| Other Comprehensive Income | 675.84 | $-662.48$ | 1,042.38 | 2,141.52 | 675.84 | $-662.48$ | 1,042.38 | 2,141.52 | |
| Net Comprehensive Income | 979.39 | 603.05 | 1,017.53 | 4,560.17 | 951.16 | 642.63 | 1,020.51 | 4,597.70 | |
| (iii) | Segment Assets | ||||||||
| Extrusion Machinery Division | 22,743.62 | 22,492.20 | 23,856.91 | 22,492.20 | 22,743.62 | 22,492.20 | 23,856.91 | 22,492.20 | |
| Battery Division | 7,924.24 | 7,558.20 | 6,606.15 | 7,558.20 | 7,924.24 | 7,558.20 | 6,606.15 | 7,558.20 | |
| Total Segment Assets | 30,667.86 | 30,050.40 | 30,463.06 | 30,050.40 | 30,667.86 | 30,050.40 | 30,463.06 | 30,050.40 | |
| Unallocated Corporate Assets | 10,305.10 | 9,891.60 | 7,938.64 | 9,891.60 | 10,248.52 | 9,863.24 | 7,875.74 | 9,863.24 | |
| Total Assets | 40,972.97 | 39,942.00 | 38,401.70 | 39,942.00 | 40,916.38 | 39,913.64 | 38,338.80 | 39,913.64 | |
| (iv) | Segment Liabilities | ||||||||
| Extrusion Machinery Division | 10,381.82 | 10,025.55 | 9,444.15 | 10,025.55 | 10,381.82 | 10,025.55 | 9,444.15 | 10,025.55 | |
| Battery Division | 1,336.89 | 1,727.69 | 2,907.80 | 1,727.69 | 1,336.89 | 1,727.69 | 2,907.80 | 1,727.69 | |
| Total Segment Liabilities | 11,718.71 | 11,753.24 | 12,351.96 | 11,753.24 | 11,718.71 | 11,753.24 | 12,351.96 | 11,753.24 | |
| Unallocated Corporate Liabilities | 29,254.26 | 28,188.76 | 26,049.74 | 28,188.76 | 29,197.67 | 28,160.41 | 25,986.84 | 28,160.41 | |
| Total Liabilities | 40,972.97 | 39,942.00 | 38,401.70 | 39,942.00 | 40,916.38 | 39,913.64 | 38,338.80 | 39,913.64 | |
| (v) | Capital Employed | ||||||||
| Extrusion Machinery Division | 12,361.80 | 12,466.65 | 14,412.76 | 12,466.65 | 12,361.80 | 12,466.65 | 14,412.76 | 12,466.69 | |
| Battery Division | 6,587.36 | 5,830.51 | 3,698.35 | 5,830.51 | 6,587.36 | 5,830.51 | 3,698.35 | 5,830.51 | |
| Unallocated | $-18,949.15$ | $-18,297,15 - 18,111.11$ | $-18,297.16$ | $-18,949.15$ | $-18,297.16$ | $-18,111.11$ | $-18,297.16$ |
MUMBAI
400053
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$\Delta$
Notes:
1 Company operates in two business segments i) Extrusion Machinery ii) Battery.
2 Previous year figures have been regrouped wherever necessary.
÷
- 2
A.G. OGALE & CO.
Chartered Accountants
LIMITED REVIEW REPORT
Independent Auditor's Review Report to the Board of Directors of Kabra Extrusiontechnik Ltd. on the Standalone Unaudited Financial Results.
We have reviewed the accompanying statement of unaudited financial results of M/s. Kabra Extrusiontechnik Limited for the quarter ended 30th June 2021 and year to date for the period from 01st April 2021 to 30th June 2021 ("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.
The preparation of the statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 -"Interim Financial Reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting 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 conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial 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 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 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 the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015, as modified by Circular No. and CIR/CFD/CMD1/ 80 /2019 dated July 19, 2019, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For M/s. A. G. OGALE & CO.
Chartered Accountants
CA.Pramod Gugale
(Partner)
Membership No.: 113775
UDIN: 21113775AAAAID3738
Mumbai,
July 26, 2021
Ganesh Prasad, 365/38, Ekbote Colony, Shankarsheth Road, Pune 411 042. Contact: 94 220 320 49 Mail: [email protected]
A.G. OGALE & CO.
Chartered Accountants
LIMITED REVIEW REPORT
Independent Auditor's Review Report to the Board of Directors of Kabra Extrusiontechnik Ltd. on the Consolidated Unaudited Financial Results.
-
We have reviewed the accompanying statement of Consolidated Unaudited Financial results of M/s. Kabra Extrusiontechnik Limited("Parent Company") and its share of the net profit/(loss) after tax and total comprehensive income/loss of its associates and joint ventures for the quarter ended 30th June 2021 and year to date for the period from 01st April 2021 to 30th June 2021 ("the Statement") being submitted by Parent 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. Attention is drawn to the fact that the Consolidated figures for the corresponding quarter 30th June 2021 as reported in these financial results have been approved by the Group's Board of Directors, but have not been subjected to review.
-
The preparation of the statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 -"Interim Financial Reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2013, is the responsibility of the Group's Management and has been approved by the Parent's Board of Directors. Our responsibility is to issue a report on these statements 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 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 assurance than an audit. We have not performed an audit and 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.
- The Statement includes the share of the following entities :
Jointly controlled Entities :
a. Kabra Mecanor Belling Technik Private Limited.
b. Penta Auto Feeding India Limited.
-
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 theinformation required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/CMD1/ 80 /2019dated July 19, 2019, including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
The consolidated unaudited financial results includes the Group's share of net loss of Rs.55.64 lakhs for the quarter ended 30th June 2021 as considered in the consolidated unaudited financial results, in respect of Joint Ventures whose interim Financial statements have been certified by the Management, as these are not material for the group as per Regulation 33(3)(h) of the SEBI (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. Our conclusion on the statement is not modified in respect of the above matters.
For M/s. A. G. OGALE & CO. Chartered Accountants CA.Pramod Gugale
(Partner) Membership No.: 113775
UDIN: 21113775AAAAIE8790
Mumbai, July 26, 2021
$GAI$ F.R. No. 114115W PUNE $\epsilon_D$ acc
Ganesh Prasad, 365/38, Ekbote Colony, Shankarsheth Road, Pune 411 042. Contact: 94 220 320 49 Mail: [email protected]
Press Release
26th July'21
Key Highlights for Quarter ended June'21
- ❖ Revenue has increased by 52% QoQ basis.
- ❖ EBIDTA Margin has improved to 13.2% from 8.7% on QoQ basis.
- ❖ Operating margin has increased by 148% QoQ basis.
- ❖ PBT has increased to ₹ 4.24 Crs from ₹ 0.08 Crs for QoQ basis.
- ❖ Battery division has clocked revenue of ₹ 3.17 Crs for the quarter ended June'21 which is up by 185% over quarter ended Mar'21 and up by 62% over sales for last full financial year.
Update on Battery Segment
Company's newly added vertical "Lithium-ion Battery" has commenced its operation in Mar'20 and started generating revenue. 2-Wheeler & 3-Wheeler electric vehicle segment looks highly potential in coming time due to its cost benefit aspects, various government incentive to industry & end user, better environment prospect etc. Company is actively engaged with many start-up & established players of EV industry and talks are at variouslevel of stages in term of design, third party agencies approval, cost etc. Company firmly believe its EV segment is going to contribute significantly going forward.
For more details, pls visit; www.kolsite.com / www.battrixx.com
Safe Harbor
This statement contains certain forward looking statements concerning the Company's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy, pandemic or any event/disruptions beyond the Company's control. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
This statement have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.