Kabra Extrusion Technik Ltd — Interim / Quarterly Report 2024

Jan 25, 2024

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KET/SEC/SE/2023-24/60 January 25, 2024

BSE Limited

Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 524109

National Stock Exchange India Ltd.

Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 Stock Code: KABRAEXTRU

Dear Sirs,

Sub: Outcome of Board Meeting of the Company held on January 25, 2024

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 and nine months ended December 31, 2023.

A copy of the said Unaudited Financial Results, Limited Review Report and press release are attached.

The meeting of Board of Directors commenced at 11:45 a.m. and concluded at 3.40 p.m.

The above information is also available on the website of company at www.kolsite.com.

Kindly take the above submission on your record.

Thanking you,

Yours faithfully,

For Kabra Extrusiontechnik Ltd.

SHILPA Digitally signed by SHILPA ASHUTOSH ASHUTOSH RATHI Date: 2024.01.25 RATHI 15:52:52 +05'30' Shilpa Rathi

Company Secretary

Encl : As Above

www.kolsite.com A Kolsite Group Company

Kabra Extrusiontechnik Ltd.

Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall, Andheri (West), Mumbai - 400 053. Maharashtra, India. Phone : +91-22-26734822/23/24/25  Fax : +91-22-2673 5041  Email : sales@kolsitegroup.com CIN - L28900MH1982PLC028535

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Kabra Extrusiontechnik Ltd. STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 3IST DECEMBER 2023

																	(inlakt)
Sr. No.	Pariculars					Standalone								Consolidate
					I unerEnded		9Month	Ended	Yer Ende			I Ourer Ende			9 Month	. Ende	Yer Ended
				De M	St0	D3I	Dt	D3l	Mr3M		D3l	S		D3M	, D3l	D3I	Mr3l
				202	2	2	2	2	20		20	1		22	22	22	22
				Unaudited	Unaudite	Unaudite	Unaudited	Unaudite	Audite		Unaudite	Unaudite		Unaudite	Unaudite	Unaudite	Audite
I	Revenue fom oprations			12,38590	18,238.75	20,684.67	43,98704	49,20.93	67,0.77		12,3859	18,238.75		20,684 67	43,987 04	49,2093	67,000.77
I	Other Income			173.05	240.04	101.44	53047	293.6l	317.4		173.05	240.04		101.44	530.7	293.61	317.34
I		Total income( I+[I)		12.55.96	18,478.78	20,78.11	451751	49,498.5	67,18.11		12, .9	18,47878		20.786.11	44.517.51	49,49.5	67318.11
IV	EXPENSES
	Cost of materalconsumed			10,139.53	15,08.83	14,889.77	35,135.24	37,875.6	49,210.23		10,107.33	15,00.7		14,889.77	35,075.30	37,875.66	49,224.09
	Changesininventories of fnishedgod&work in progress			(1,604.36)	(1,084.66)	421.54	(3,323.44)	(1.705.66)	(583.14)		(1,565.56)	(1,121.71)		421.54	(3,29.44)	(1,705.66)	(607 14)
	Employee bneft expnse			1,367.88	1,405.50	1,23833	4,17495	3,511.26	4,771.81		1,367.88	1.40550		1,23833	4,174.95	3,511.26	4,77181
	Finace Cost			23709	24.10	246.43	75.68	607.23	9.14		2379	24.10		246.3	75.68	607.23	90.14
	Depreciation andaoristion expnse			393.61	385.66	343.25	1,150.36	1,001.00	1,35693		395.08	387.08		344.6	1,154.63	1,004.87	1,36216
	OtherExpnses			1,97.89	1.725.30	1913.69	4.7111	4.432 86	6,17080		1.61246	1,74176		1,92369	4,766 42	4,454.07	6,204.61
		Totalexpense ( I V )		12.131.6	17,724.72	19,0502	42.3.90	45,722.3	61,3276		12,15.	17,717.10		19064.37	42,97.55	45,747.42	61,861.67
V	Proft(Loss) befre exceptional items&tar(III -I V )			427.32	75.0	1,73309	1,33.61	3,776.20	5,435		47	761.68		1,721.74	1,919.97	3,751.12	5,45.4
VI	Share in Prfi/(Loss)ofJointVentures& Assocates (net	oftax)									3.72	(1363)		(34.90)	43.50	(50.82)	(3034)
VI VI	Exceptional items Proft/ (Los)befretax (V+VJ - VI)			. 427.32	- 75.0	1733.09	193361	- 3776.20	- - 5535		41.39	74.05		- 1686.84	- 193.4	- 370.30	- 5426.10
IX	Taexpenses
	CurentTax Income Tax Earier Year MT Credit entitlement Defered Tax		I	. . 113 56 (15.38)	209.10 - (24.82)	48.01 - 92.87	533.7 - (55.70}	1.01271 - ~ 17.66	1,41.33 (14.91) - 251.36		- 112.14 . (15.48	.. . 210.51 (2497	I	448.01 - 92.31	53372 - (55.25)	1.012.71 - - 176.63	1.441.33 ( 1 4 9 1 ) - 249.87
X	Proft (Lss) for the period ( VIII-IX )			329.14	569.79	1192.20	1.455.9	2. .83	3,07.57	'	3.73	5251		1.14.52	1,4.9	21.6	3,749.81
XI	Other Comprehensive Income
	i) Items thatwillnotbrecla ifed toproftor loss			538.7	67002	(78731)	1,87330	(48632)	(1,31560)		538.71	67002		(787.31)	1,87330	(48632)	(1,315.60)
	ii)Income ta relating to items tat will notbrcla ifed to proftor loss			(9.07)	(43.93)	1.5	(139.39)		1.05		(9207)	(43.93)		1745	(139.39)	-	1.05
XI	Total Comprehensive Income fr the period(X+XI)	(Comprising Proft
	(Lss) and Other Comprehensive Income fr the period)			775.78	1.195.87	422.34	3,189.51	2,99.51	2,493.02		791.8	1,1886		3766	3,218.90	2,024.64	2435.26
XI	Paid up Equit Share Caitl			1,748.64	1,748.64	1,604.14	1,748.64	1,604.14	1,679.56		1,748.64	1,748.64		1,604.14	1,748.64	1,604.14	1,679.56
	(Face Vaue of Rs. 5/-each)
XIV	Earning per share (Face ValueofRs.5l-each )(basic and diluted but not
	t annualized)(In )
	I. Basi			0.94	1.66	3.72	4.24	8.0	11.75		0.9	1.63		3.57	4.33	7.83	1.57
	2. Diluted			0.94	1.63	3.41	4.16	7.39	10.89		0.9	1.61		3.28	4.25	7.18	10.7

Notes

• I The above Results have b n reviewed and recommended by the Audit Committee & approved by the Board of Directors at their meeting held on 25th Jan 24. 2 Figures for previous periods have b n regrouped wherever necessary.

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For Kabra Extrusiontechnik Limited
-
S. V. Kabra {»2 /ky=& Y -, )
Executive Chairman DIN: 00015415 l "was4 )z)] A
Place: Mumbai
;o
Date: 25-01-2024
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Kabra Extrusiontcchnik Ltd.

Standalone & Consolidated Segment Information for Quarter and Nine month ended lst Dec 202J

						..
. Sr No () (I)	' . Pariculars Sgment Revenue Extrusion Machinery Division Battery Division TotalSegmentRevenue SegmentResult Exrsion Machinery Division Battery Division Total Segment Results UnalocatedCorporate income net ofunalocated expenses Proft/(loss)befre interest and taxation Finance Cost Proft (+)/loss(·)befre exceptionalitems andshareofloss Sharein proft/(loss) of jointventures/ associates Proft(+)/LossHbefre exceptionalitemsand tax Exceptionalitems Proft(+)/ Loss(-)befre tax	I f j J I ' . I I I . l Quare ed Dec 31, 202 St 30, 202 (Unaudited) (Unaudited) 7106.06 8,32608 5,45459 1,152 70 12,560.6 18,478.78 661.32 716.97 3.0 281.19 664.41 998.16 - 66.41 998.16 237.09 244.1 427.32 754.06 . . 427.32 754.06 . - 427.32 754.06	4I - - I I I I h j I ' d J r I ' j I . [ I -· Stndone Nine mo End Yere D31, 2022 D31, 2023 D31, 202 Ma 31 20 (Unaudite) (Unaudited) (Unuite) (Audie) 8,78163 22,26313 21,593.78 31,97811 12,00.47 22,25438 27,90.77 35,3.0 20,786.1 44,517.51 49,498.5 67,318.11 796.61 2,304.3 1,9226 3,659.0 1,18292 35476 2,46.8 2,73243 1,979 53 2,65929 4,383.43 6,391.49 . - 1,979.53 2,659.29 4,383.43 6,391.49 246.43 75.68 607.23 90.14 1,733 10 1,933.61 3,76.20 5,45.35 - - 1,733.1 1,933.61 3,776.20 5,45.35 . - 1,73310 1,93361 3,776.20 5,485.35	l [ j l e I I - L Qur ed D31, 20 S3, 20 (Unaudite) (Unudi) 7,100 8,32608 5,45.59 1015270 12,56.6 18,478.78 661.32 76.97 3.0 281.19 66.41 998.16 -2265 761 61.76 1,005.7 27.0 24.10 40.67 761.67 36.72 -13.63 41.39 740 . 41.39 74.0	l - = - I I j I I Coslidae Nin moE D31, 20 D31, 20 D31 2 (Unudite) (Unaudi) (Unut) 8,781.63 22,26313 21,593.78 120 7 22,254 38 2,90.7 20,786.1 4,517.1 49,498.5 796.61 2,3053 1,922.6 1,18292 354.76 2,46.8 1,97953 2,659.29 4,33.43 -11.35 -1365 -2508 1,96.18 2,65.65 4,358.35 246.43 75.68 67.23 1,721.75 1,919.97 3,75112 -3.90 43.50 -50.82 1,686.85 1,963.46 3,70.30 . . 1,686.85 1,963.46 3,7030	-- Yer ed Mac 31 22 (Audit) 31,978.1 35,3400 67,318.11 3,659.0 2,73243 6,39149 -2890 6,362.59 906.14 5,456.45 -30.34 5,426.11 . 5,42611	I
' (i) (Iv)	� Tax Expenses CurrentTax MAT Credit Entitelment IncomeTaxofearler year DeferedTax Net Proft/ (loss) after tax Other ComprehensiveIncome NetComprehensiveIncome Sgment Assets Exrusion Machinery Division Battery Division TtalSegmentAsets Unalocated CorporateAsets Total Assets Segment Liabites Extrusion Machinery Division Battery Division Total Segment Liabilities Unallocated Corporate Liabilities TotalLabities	.l t I I t I I A A 11.6 209.09 - . . - -15.38 -24.82 329.14 569.79 446.6 62608 775.78 1,195.87 31,025.19 28,36231 28,856.60 28,381.04 59,881.80 56,743.35 14,28689 15,76798 74,168.68 72,511.33 12,47817 11,677.74 6,748.66 8,145.80 19,22683 19,823.54 54,941.85 52,687.78 74,168.68 7,51.33	4 1, j ' I 4 I I I I fI j I J I �� a a I e 48.01 533.72 1012.71 14133 - ­ -14.1 92.87 -55.70 17.66 2136 1,19221 1,55.59 2,58583 3,807.57 -769.86 1,73391 -86.32 -1,31455 422.35 3,189.51 2,099.1 2,493.02 27,511.89 31,025.19 27,51189 27,373.58 26,854.06 28,856.60 26,854.06 25,36765 54,365.95 59,881.80 54,365.95 52,741.24 7,58935 14,286.89 7,58935 10,75646 61,955.30 74,168.68 61,95530 63,497.69 10,74.88 12,47817 10,72488 11,379.97 6,01.7 6,748.66 6,01177 4,890.98 16,736.65 19,226.83 16,736.65 16,27094 45,218.65 54,941.85 45,218.65 47,22675 61,955.30 74,16.68 61955.30 63,97.69	:j j I I I " � 11214 210.51 . . -1.4 -24.97 34.73 56251 446.6 6260 79138 1,18.59 31,025.19 28,362.31 28,856.6 28.381.0 59,8180 56,743.35 14,313.57 15,899.8 74,195.37 72,63.23 12,478.17 1,6774 6,748.66 8,145.80 19,226.83 19,823.54 5,96.5 52,819.69 74,19537 72,6323	- I I l 1 J ] 1 e 48.01 533.72 1012.71 . . - - . 92.31 -5525 176.63 1,146.53 1,48.99 2,510.96 -769.86 1,73391 -8632 376.67 3,21890 2024.64 27,51.89 31,025.19 27,511.89 26,854.06 28856.60 26,854.06 5,36S.95 59,81.80 5,365.95 7,522.51 14,313.57 7,52251 61,88847 74,19537 61,8 47 1,74.88 12,478.17 10,724.88 6,01.7 6,748.66 6,01.7 16,76.6S 19,22683 16736.65 45.15182 54968.5 45.15182 61,88847 74,19537 61,8.47	- d 1,41.33 -14.91 249.87 3,74982 -1,31455 2,435.27 27,37358 25,367.65 52,74124 1,737.78 63,79.02 11,379.97 4890.98 16,27094 47,208.07 63,47902

Notes:

1 Company operates in two business segments i) Extrusion Machinery ii) Battery.

2 Previous year figures have been regrouped wherever necessary.

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For Kabra Extrusiontechnik Limited
S. V. Kabra
Executive Chairman
DIN: 00015415
Place: Mumbai
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Date: 25-01-2024
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PtuE
CA I A.G. OGALE & CO.
Chartered Accountants
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LIMITED REVIEW REPORT

Independent Auditor's Review Report on Standalone Unaudited Financial Results of Kabra Extrusiontechnik Limited for the quarter ended December 31, 2023 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Kabra Extrusiontechnik Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Kabra Extrusiontechnik Limited ('the Company') for the quarter ended 31st December 2023 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations').

2. 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.

3. . 3 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and

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• G a n es h Prasad, 365/38, Ekbote Colony, Shankarsheth Road, Pu ne - 4 1 1 042

•

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 ident ed in an audit. Accordingly, we do not express an audit opinion.

1. Based on our review conducted as 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 Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations 33 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For M/s. A. G. OGALE & COMPANY Chartered Accountants � Prafful Bhojak Partner

Members 166845 hip No.: UDIN - 24166845BKAPLT5126 Place - Pune Date - January 25, 2024

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CAN
t b a r t e r e d A c c o u n t a n t s
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I MITED REVIEW REPORT

Independent Auditor's Review Report on unaudite d consolidated fi nancial result s of Kabra Extru siontec hnik Limit e d for t h e quarter ended December 3 1 , 2023 pursuant to the Regulation 33 of th e SE BI (Listing Obli ga tion s and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Kabra Extrusiontechnik Limited

• I . We have reviewed the accompanying statement of unaudited consolidated financial results of Kabra Extrusiontechnik Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as the 'Group') for the quarter ended 31st December 2023 ('the Statement) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations').

• 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 Holding Company's Management and has been approved by the Holding Company'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 Ganesh Prasad, 365/38, Ekbote Colony, Shankarsheth Road, Pune - 411 042[£ ]

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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 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.

1. This Statement includes the results of the Holding Company and the following entities:

Sr.	Nae	of theEntities	Relationship with	the
No.			HoldingCompany
1	Kabra	Mecanor Bellig Techni Private Lmited	Jointly ControlledEntt
2	Penta	AutoFeeding IndiaLimited	JoityContoledEtt
3	Vars	TechologyPrivateLimited	Subsidary
4	Kabra	EnergyPrivateLiited	Subsidiary

1. Based on our review conducted as 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 Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations 33 including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. The Statement includes the interim financial results of two subsidiaries and two jointly controlled entities which have not been reviewed by us for the quarter ended December 31, 2023, as considered in the Statement. These interim financial results have been furnished to us by the Management and the same has been reviewed by the auditors of respective group company and o ur conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and jointly controlled entities is based solely on such un audit e d interim financial results. According

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%
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to the information and explanations given to us by the Management, these interim financial results are not material to the Group.

Our conclusion is not modified in respect of the above matt

For M/s. A. G. OGALE & COMPANY

Chartered Accountants &2. Pra ul Bhojak Partner

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Membership No.: 166845

UDIN - 24166845BKAPLU8767

Place - Pune Date - January 25, 2024

Press Release

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Kabra Extrusion Technik Reports 9M FY24 Results Revenues at ₹ 4,399 Mn in 9M FY24

Mumbai, January 25[th] , 2024: Kabra Extrusion Technik Ltd. (BSE - 524109, NSE - KABRAEXTRU, ISIN: INE900B01029), one of India's leading extrusion machinery company and emerging battery pack player, has announced its results for the third quarter and nine months ended 31[st] December 2023 for the financial year ending March 31, 2024.

Financial Performance: Q3 & 9MFY24

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Particulars
(₹ in Million) Q3 FY24 Q3 FY23 9M FY24 9M FY23
Revenues 1,239 2,068 4,399 4,920
EBITDA 86 221 327 507
PAT 34 115 148 251
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Financial Highlights for the Nine Months Ended December 31, 2023:

• Operating Revenues at ₹ 4,399 Mn in 9M FY24 as compared to ₹ 4,920 Mn in 9M FY23

• Extrusion Machinery revenues stood at ₹ 2,226 Mn in 9M FY24 as compared to ₹ 2,156 Mn in 9M FY23

• Battrixx revenues stood at ₹ 2,225 Mn in 9M FY24 as compared to ₹ 2,790 Mn in 9M FY23

• EBITDA stood at ₹ 327 Mn in 9M FY24

• Profit After Tax stood at ₹ 148 Mn in 9M FY24

Commenting on the performance, Mr. Anand Kabra, Managing Director of Kabra Extrusion

Technik said, “The Company’s extrusion machinery business continues to have a strong order book as on 9M FY24 owing to robust capex cycle and demand of machinery upgradation wave in the industry. On the other hand, Battrixx business performance was muted due to the current transitionary events like decline of FAME subsidy and regulatory changes hindering the E-2-Wheelers growth momentum. The Company is proactively working upon developing new products in E-3Wheeler, High Voltage & Off-Road applications categories and is already engaged with many OEMs. These new products are at various stage of development, testing & approvals. This has also resulted into significant amount of R&D expenses in the current financial year 2023-24 which is very much in the line of the Company’s strategy & continuous focus for R&D driven technology & development. We are confident that it will facilitate stability, add revenue visibility and open new revenue streams for the Battrixx arm in the near term. The EV industry presents huge untapped opportunity in the long term as India accelerates its journey towards electric mobility.”

Press Release

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About Kabra Extrusion Technik Ltd. (KET):

Kabra Extrusion Technik (KET) is India’s premier manufacturer & exporter of plastic extrusion machineries. KET is a part of renowned Kolsite Group having over 6 decades of experience, more than 15,000 installations and presence around 100+ countries in Americas, Middle East, Asia and Africa. KET enjoys leadership position in the extrusion market. KET constantly endeavours to offer better solutions to plastics processors across the globe. Kabra Extrusion Technik has set benchmarks in plastics extrusion industry by modern R&D techniques and various processes to cater the market requirements.

Battrixx is the future technologies division of KET. It is dedicated to developing and producing green energy systems and solutions that will power the growth of India’s transition into green energy storage and electric transportation. It is the largest chemistry agnostic battery pack manufacturer with a culture of continuous innovation through strong R&D capabilities. Battrixx provides real time data feedback loops to the OEMs. It has the capabilities to manufacture safe, optimum and regulatory compliant battery packs. Battrixx enjoys long term co-development partnerships with OEMs. The brand stands tall with state-of-the-art facilities for design, development and production in Chakan, Pune. The noble objectives are epitomised by the brand’s flagship product – advanced lithium-ion battery packs and modules for e-vehicles.

For more information, please visit: https://www.kolsite.com and https://www.battrixx.com

For further details please get in touch with:

Daulat Jain Hiral Keniya| Vikash Verma Chief Financial Officer Ernst & Young LLP Email: daulat.jain@kolsitegroup.com Email: hiral.keniya@in.ey.com | vikash.verma1@in.ey.com Phone: +91 22 2673 4822 Phone: +91 9029662801 | +91 9664009029

DISCLAIMER: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Kabra Extrusion Technik Limited (KET) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.