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K.C.P. LTD Annual Report 2020
62283_rns_2020-06-19_b0fd3cf5-b079-4520-a251-cc56db3af8b6.pdf
Annual Report
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Ref: KCP: CS: SE: RB: 19-20: 18062020
June 18,2020
National Stock Exchange of India Limited(NSE) Scrip: KCP BandraKurla Complex, Bandra (E) Mumbai-400 051
Bombay Stock Exchange Ltd (BSE) Scrip - 590066 Floor No.25, P J Towers Dalal Street, Mumbai 400 001
Dear Sir /Madam,
Sub: Submission of Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31/03/2020.
Ref: Regulation 33 of the SEBI (LODR) Regulations, 2015.
With reference to the above, please find enclosed herewith coy of the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March 2020, which have been approved and taken on record by the Board of Directors at its meeting held today i.e. on 18th June 2020, along with the Audit Report of M/ s. K.S. Rao & Co., Chartered Accountants, Hyderabad, the Statutory Auditors of the Company on the same.
The Audit Reports are submitted with unmodified opinion(s) (free from any qualifications) and a declaration to that effect is enclosed.
In accordance with SEBI Circular dated 12th May 2020 read with circular dated 26th March, 2020 grating relaxation from the provisions of Regulation 47 of the SEBI Listing Regulations, the above financial results will not be advertised in the newspapers. However, the same will be available on Company's Website at www.kcp.co.in.
The meeting of the Board of Directors commenced at 12.30 p.m and concluded at 4.05 P.M.
The Board of Directors of the company have recommended for the approval of shareholders a dividend of 0.15 paise (15%) on equity share of Re.1/- each.
This is for your information and records.
Thanking You,
Yours faithfully, For THE KCP UMITE
Y. VIJAYAKUMAR COMPANY SECRETARY & COMPLIANCE OFFICER.
THE KCP LIMITED
Registered Office: Ramakrishna Buildings, 2, Dr. P. V. Cherian Crescent, Egmore, Chennai 600 008. INDIA Phone: + 91 -44-6677 2600 Fax: + 91-44-6677 2620 E-mail: corporate@kcp .co.in www .kcp.co.in
CIN: L65991TN1941PLC001128
Registered office: 'Ramakrishna Buildings', No.2, Dr Cherian Crescent, Egmore, Chennai-600 008
CIN:L65991TN1941PLC001128
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31ST MARCH 2020
| ( Rs in lakhs except per share datil) | ||||||
|---|---|---|---|---|---|---|
| 3 MONTHS ENDED | YEAR ENDED | |||||
| Sl | PARTICULARS | 31.03.2020 | 31.12.2019 | 31.03.2019 | 31.03.2020 | 31.03.2019 |
| No | Audited | Unaudited | Audited | Audited | Audited | |
| 1 | REVENUE FROM OPERATIONS | 25,479.59 | 22,838.28 | 30,732.91 | 93,797.18 | 1,14,191.05 |
| 2 | OlliER INCOME | 13.81 | 96.95 | 433.00 | 3,254.83 | 2,168.63 |
| 3 | TOTAL INCOME | 25,493.40 | 22,935.23 | 31,165.91 | 97,052.00 | 1,16,359.68 |
| 4 | EXPENSES | |||||
| (a COST OF RAW MATERIAL CONSUMED | 5,074.94 | 5,262.60 | 8,668.33 | 20,757.54 | 26,102.12 | |
| (b) PURCHASE OF STOCK IN TRADE | - | - | - | - | ||
| (c) CHANGE IN INVENTORIES OF FINISHED GOODS ,WORK IN PROGRESS | ||||||
| AND STOCK IN TRADE | 220.29 | (294.80) | (596.07) | (1,879.20) | (2,149.89) | |
| (d) EMPLOYEE BENEFITS EXPENSE | 1,947.65 | 1,922.07 | 2,122.99 | 8,041.37 | 8,564.99 | |
| (e) POWER & FUEL | 6,341.27 | 6,127.88 | 7,093.50 | 24,190.51 | 30,299.56 | |
| (f) FREIGHT AND FORWARDING EXPENSE | 5,763.59 | 5,429.77 | 5,782.80 | 21,787.50 | 24,839.63 | |
| (g) FINANCE COST | 1,246.58 | 1,522.71 | 988.52 | 5,641.40 | 3,419.10 | |
| !~1 pCIA.-Tl?N AND AMORTISATION EXPENSE | 1,784.59 | 1,733.13 | 1,484.34 | 7,140.86 | 5,193.33 | |
| (i) OTHER EXPENDITURE | 3,179.29 | 3,200.80 | 3,554.15 | 13,339.88 | 14,610.63 | |
| TOTAL EXPENSES | 25,558.19 | 24,904.17 | 29,098.56 | 99,019.86 | 1,10,879.48 | |
| 5 | PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) | (64.79) | (1,968.94) | 2,067.35 | (1,967.85) | 5,480.20 |
| 6 | EXCEPTIONAL ITEMS* | 571.74 | - | - | 571.74 | - |
| 7 | PROFIT/(LOSS) BEFORE TAX (5-6) | (636.53) | (1,968.94) | 2,067.35 | (2,539.59) | 5,480.20 |
| 8 | TAX EXPENSE | |||||
| (a) CURRENT TAX | (466.56) | - | (21.91) | 21.26 | 217.63 | |
| (b) DEFERRED TAX | (237.64) | (1,608.48) | 899.61 | (1,884.17) | 1,311.22 | |
| 9 | PROFIT/(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) | 67.67 | (360.46) | 1,189.65 | (676.68) | 3,951.35 |
| 10 | I'RORI/(LOSS) FROM DISCONTINUED OPERATIONS | - | - | - | - | - |
| 11 | TAX EXPENSE OF DISCONTINUED OPERATIONS | - | - | - | - | |
| 12 | PROFIT/(LOSS) FROM DISCONTINUED OPERATIONS (10-11) | - | - | - | - | |
| 13 | PROFIT/(LOSS) FOR THE PERIOD {9+12) | 67.67 | (360.46) | 1,189.65 | (676.68) | 3,951.35 |
| 14 | OTHER COMPREHENSIVE INCOME | |||||
| (i) ITEMS THAT WILL NOT BE RECLASSIFIED TO P&L | (265.14) | (85.21) | (32.32) | (353.00) | (206.59) | |
| 15 | TOTAL COMPREHENSIVE INCOME (13+14) | (197.48) | (445.67) | 1,157.33 | (1,029.68) | 3,744.76 |
| 16 | EARNINGS PER SHARE (EPS) (FOR CONTINUING OPERATIONS) (Basic and Diluted) | 0.05 | -0.28 | 0.92. | -0.52. | 3.06 |
| 17 | EARNINGS PER SHARE (EPS) (FOR DISCONTINUED OPERATIONS) (Basic and Diluted) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 18 | EARNINGS PER SHARE (EPS) (FOR DISCONTINUED & CONTINUING OPERATIONS)(Basic and Diluted) | 0.05 | -0.2.8 | 0.92 | -0.52. | 3.06 |
Explanatory Notes :
(a) The financial results of the Company have been prepared in accordance with the Indian Accounting standards (IND AS) as prescribed under section 133 ~f The Companies Act 2013 read with the Companies (Indian Accounting Stadard) Rules 2015 (as amended).
(b) The figures of Fourth Quarter are the balancing figures between audited figures in respect of full financial year upto 31st March,2020 and unaudited year-to-date figures upto the third quarter ended 31st December, 2019.
(c) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 18th June 2020.
(d) The Statutory Auditors have audited the above results and issued audit report with unmodified opinion.
(e) Effective Aprill, 2019, the Company has adopted lnd AS 116 "Leases" which replaced IND AS 17 "Leases". Under this new standard, Right-of-Use of assets is recognised for operating leases at NPV and lease liability is recognised at an amount corresponding to such amount. The company has adopted modified retrospective method for transition under which comparative information will not be restated and impact is adjusted in Retained earnings. The effect of adoption of this standard is not material on the net profit for the period under review.
(f) Other income for the period ended 31.03.2020 includes dividend receipts of Rs.27.92 crores (corresponding period in the Previous Year: Rs.13.71 crores) from the Subsidiary and Rs.0.80 crores (corresponding period in the Previous Year: 0.40 crores) from Joint Venture company.
g) •consequent to the Hon'ble Supreme Court uph'olding the power of APERC to levy the wheeling charges, an amount of Rs . 571lakns was provided in the books of accounts for the enhanced wheeling charges payable by the company for the period from 2002-03 to 2013-14.
(h)
No effect has been given to the cancellation of orders by one of the customers of Engineering Unit while the job was in progress, on which Rs.173 lakhs has been incurred, as the value to be paid by the customer for the value of work done is yet to be finalised as on the date of balance sheet.
(i) The Board has recommended for the approval of the shareholders at the ensuing Annual General Meeting, a Dividend of Rs.0.15 paise per share on equity share of Re.l/- each.
forTh CPLim·{l!l:t :, ~: ,,. • \ · •
.., l lJ• : :J •' I •1,
Ol Figures for the previous period have been regrouped/reclassified wherever necessary to conform to the 9'6-it P.~rlo'1 Pr~~ atl on . (BY ORDER OF THE BOARdf ., , ')
. ~ . \ ·~ ,/ . Place. Chenna1 -600 008 V.L I RA DU •'-..... --" <• ' Date :18th June, 2020 (Chairperson & Managing Diretcar)';-· /
Registered office: 'Ramakrishna Buildings', No.2, Dr Cherian Crescent, Egmore, Chennai-600 008 CIN :L65991 TN 1941PLC001128
( Rs lo lakhs except per share dar a I
| 3 MONTHS ENDED | YEAR ENDED | |||||
|---|---|---|---|---|---|---|
| 51 | PARTICULARS | 31.03.2020 | 31.12.2019 | 31.03.2019 | 31.03.2020 | 31.03.2019 |
| No | Audited | Unaudited | Audited | Audited | Audited | |
| 1 | REVENUE FROM OPERATIONS | 35,168.70 | 34,597.25 | 41,018.85 | 1,42,358.65 | 1,66,130.14 |
| 2. | OTHER INCOME | 40.01 | 97.91 | 476.00 | 412.37 | 803.40 |
| 3 | TOTAL INCOME | 35,208.71 | 34,695.16 | 41,494.85 | 1,42,771.01 | 1,66,933.55 |
| ~ | EXPENSES | |||||
| (a COST OF RAW MATERIAL CONSUMED | 16,746.82 | 5,566.29 | 19,817.81 | 46,852.21 | 53,538.29 | |
| (b) PURCHASE OF STOCK IN TRADE | ||||||
| (c) CHANGE IN INVENTORIES OF FINISHED GOODS ,WORK IN PROGRESS | - | - | - | |||
| AND STOCK IN TRADE | (7,135.54) | 8,114.34 | (5,394.27) | 1,712.51 | 4,778.82 | |
| (d) EMPLOYEE BENEFITS EXPENSE | 2,504.05 | 2,668.50 | 2,625.45 | 10,290.46 | 10,732.41 | |
| (e) POWER & FUEL | 6,354.54 | 6,144.57 | 7,186.51 | 24,245.62 | 30,429.41 | |
| (f) FREIGHT AND FORWARDING EXPENSE | 6,008.07 | 5,702.52 | 6,148.57 | 23,550.11 | 27,034.52 | |
| (g) FINANCE COST | 1,312.32 | 1,591.00 | 1,075.28 | 5,939.80 | 3,908.92 | |
| (h) DEPRECIATION AND AMORTISATION EXPENSE | 2,387.15 | 2,363.52 | 1,559.01 | 9,609.07 | 7,561. 73 | |
| (i) OTHER EXPENDITURE | 3,725.64 | 4,289.71 | 4,018.96 | 16,061.57 | 16,592.80 | |
| TOTAL EXPENSES | 31,903.04 | 36,440.46 | 37,037.31 | 1,38,261.35 | 1,54,576.89 | |
| 5 | PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) | 3,305.67 | (1,745.30) | 4,457.53 | 4,509.67 | 12,356.65 |
| 6 | EXCEPTIONAL ITEMs• | 571.74 | 571.74 | - | ||
| 7 | PROFIT/(LOSS) BEFORE TAX (5-6) | 2,733.93 | (1,745.30) | 4,457.53 | 3,937.93 | 12,356.65 |
| 8 | TAX EXPENSE | |||||
| (a) CURRENT TAX | (466.56) | - | (21.91) | 21.26 | 217.63 | |
| (b) DEFERRED TAX | (237.64) | (1,608.48) | 899.61 | (1,884.17) | 1,311.22 | |
| 9 | PROFIT/(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) | 3,438.13 | (136.82) | 3,579.83 | 5,800.84 | 10,827.80 |
| 10 | PROFIT /(LOSS) FROM DISCONTINUED OPERATIONS | |||||
| 11 | TAX EXPENSE OF DISCONTINUED OPERATIONS | |||||
| 12 | PROFIT/(LOSS) FROM DISCONTINUED OPERATIONS (10-11) | |||||
| 13 | PROFIT/(LOSS) FOR THE PERIOD (9+12) | 3,438.13 | (136.82) | 3,579.83 | 5,800.84 | 10,827.80 |
| 14 | SHARE OF PROFIT FROM JOINT VENTURE | 34.40 | (92.58) | 28.45 | 29.11 | 157.17 |
| 15 | PROFIT/(LOSS) AFTER TAX AND SHARE OF JOINT VENTURE | 3,472.53 | (229.40) | 3,608.28 | 5,829.94 | 10,984.98 |
| NON-CONTROLLING INTEREST | 1,123.49 | 74.55 | 796.73 | 3,116.51 | 2,762.48 | |
| OWNERS OF THE COMPANY | 2,349.04 | (303.95) | 2,811.55 | 2,713.43 | 8,222.50 | |
| 16 | OTHER COMPREHENSIVE INCOME | |||||
| (i)ITEMS THAT WILL NOT BE RECLASSIFIED TO P&L | 1,164.95 | 412.33 | (342.62) | 2,321.78 | 927.97 | |
| (ii) SHARE Of OCI FROM JOINT VENTURE | (4.49) | 13.51 | (28.94) | (0.02) | (28.94) | |
| (iii) LESS: NON CONTROLLING SHARE Of OCI | 513.55 | 175.38 | (107.67) | 955.28 | 382.24 | |
| OCI AFTER NON COTROLLING INTEREST | 646.91 | 250.46 | (263.88) | 1,366.48 | 516.79 | |
| 17 | TOTAL COMPREHENSIVE INCOME (15+16) | 4,632.99 | 196.43 | 3,236.72 | 8,151.70 | 11,884.01 |
| NON-CONTROLLING INTEREST | 1,637.04 | 249.93 | 689.06 | 4,071.79 | 3,144.72 | |
| OWNERS Of THE COMPANY | 2,995.95 | (53.50) | 2,547.66 | 4,079.91 | 8,739.29 | |
| 18 | EARNINGS PER SHARE (EPS) (FOR CONTINUING OPERATIONS) (Basic and Diluted) | 1.82 | -0.24 | 2.18 | 2.10 | 6.38 |
| 19 | EARNINGS PER SHARE (EPS) (FOR DISCONTINUED OPERATIONS) (Basic and Diluted) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 20 | EARNINGS PER SHARE (EPS) (FOR DISCONTINUED & CONTINUING OPERATIONS) (Basic | 1.82 | -0.24 | 2.18 | 2.10 | 6.38 |
| and Diluted) | ||||||
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31ST MARCH 2020
Explanatory Notes :
(a) The financial results of the Company have been prepared in accordance with the Indian Accounting standards (I NO AS) as prescribed under section 133 of The Companies Act 2013 read with the Companies (Indian Accounting Stadard) Rules 2015 (as amended).
(b) The figures of Fourth Quarter are the balancing figures between audited figures in respect of full financial year upto 31st March,2020 and unaudited year-to-date figures upto the third quarter ended 31st December, 2019.
(c) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 18th June 2020.
(d) The Statutory Auditors have audited the above results and issued audit report with unmodified opinion.
- (e) Effective Aprill, 2019, the Company has adopted lnd AS 116 "Leases" which replaced IND AS 17 "Leases". Under this new standard, Right-of-Use of assets is recognised for operating leases at NPV and lease liability is recognised at an amount corresponding to such amount. The company has adopted modified retrospective method for transition under which comparative information is not restated and impact is adjusted in Retained earnings. The effect of adoption of this standard is not material on the net profit for the period under review.
- (f) The consolidated financial results includes the results of (i) KCP Vietnam Industries Limited (subsidiary company) in vietnam and (ii) Fives Cail KCP Limited (Joint Venture company). Subsidiary is engaged in manufacturing sugar-which is seasonal in nature and season normally takes place in January-May period in vietnam . Hence financials from quarter to quarter may not be comparable.
- g) *Consequent to the Hon'ble Supreme Court upholding the power of APERC to levy the wheeling charges, an amount of Rs. 5711akhs was provided in the books of accounts for the enhanced wheeling charges payable by the company for the period from 2002-03 to 2013-14.
- I h) No effect has been given to the cancellation of orders by one of the customers of Engineering Unit while the job was in progress, on which Rs.173 lakhs has been incurred, as the value to be paid by the customer for the value of work done is yet to be finalised as on the date of balance sheet.
- (i) The Board has recommended for the approval of the shareholders at the ensuing Annual General Meeting, a Dividend of Rs,0.15 paise per share on equity share of Re.1/- each.
.u' It . ·. ' --~ '/ "'· · L ' /
Iii Figures for the previous period have been regrouped/reclassified wherever necessary to confirm to the current flerjods. resentatlon. (BY ORDeR O~THe BOIIRD I ,.fl J' for The 1cr::tep · ,.. , :
Place: Chennai - 600 008 V.L. I~ OU ~ ~ 1/, ,•,,v•'1 ') ': Date : 18th June, 2020 (Cllairpcrson & Monaglng Qlrl tO't) " ":;'-I·<' j :
SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES - STANDALONE
| (Rs in Lakhs) | ||||||
|---|---|---|---|---|---|---|
| 3 MONTHS ENDED | YEAR ENDED | |||||
| 31.03.2020 | 31.12.2019 | 31.03.2019 | 31.03.2020 | 31.03.2019 | ||
| SI No | PARTICULARS | Audited | Unaudited | Audited | Audited | Audited |
| 1 Segment Revenue (Net Sale / Income | ||||||
| from each segment) | ||||||
| a | Engineering | 1,647.02 | 2,614.73 | 3,610.22 | 7,287.58 | 9,998.22 |
| b | Cement | 23,333.60 | 19,640.76 | 25,980.01 | 84,411.37 | 1,01,736.30 |
| c | Power | 1,689.16 | 2,073.76 | 2,213.08 | 7,242.69 | 8,599.05 |
| d | Hotel | 412.14 | 515.98 | 453.83 | 1,801.85 | 1,614.11 |
| e | Others / Unallocated | 49.04 | 51.46 | 88.46 | 193.03 | 213.81 |
| Total | 27,130.96 | 24,896.69 | 32,345.60 | 1,00,936.52 | 1,22,161.49 | |
| Less: Inter segment Revenue | 1,651.37 | 2,058.41 | 1,612.68 | 7,139.35 | 7,970.45 | |
| Net Sales / Income from Operations | 25,479.59 | 22,838.28 | 30,732.92 | 93,797.18 | 1,14,191.04 | |
| 2 Segment Results | ||||||
| (Profit (+) / Loss (-) before tax and | ||||||
| Interest from each segment | ||||||
| a | Engineering | (497.39) | (349.50) | 961.30 | (2,352.41) | 27.15 |
| þ | Cement | 1,691.00 | (343.19) | 2,183.14 | 2,644.88 | 6,947.41 |
| $\mathsf{C}$ | Power | (388.07) | 349.75 | 289.20 | 176.72 | 1,061.47 |
| d | Hotel | (126.69) | (63.74) | (130.98) | (415.65) | (660.09) |
| e | Others | 2.15 | (3.98) | 1.10 | (5.38) | 3.24 |
| Other unallocable expenditure(-) net of | (127.20) | (104.63) | (337.98) | 2,805.66 | 1,285.44 | |
| unallocable Income (+) | ||||||
| Total | 553.80 | (515.28) | 2,965.80 | 2,853.81 | 8,664.62 | |
| Less: | ||||||
| Interest expenses | 1,246.58 | 1,522.71 | 988.52 | 5,641.40 | 3,419.10 | |
| Interest income | (56.23) | (69.07) | (90.08) | (248.00) | (234.69) | |
| Total Profit Before Tax | (636.55) | (1,968.92) | 2,067.36 | (2,539.59) | 5,480.22 | |
| 3 Segment Assets | ||||||
| a | Engineering | 13,378.69 | 15,403.71 | 15,170.05 | ||
| b | Cement | 86,947.93 | 84,242.84 | 89,826.25 | ||
| C | Power | 12,478.34 | 12,923.89 | 13,721.63 | ||
| d | Hotel | 8,770.01 | 9,058.46 | 9,487.12 | ||
| e | Unallocated | 8,311.29 | 10,057.24 | 7,918.08 | ||
| Total | 1,29,886.26 | 1,31,686.15 | 1,36,123.13 | |||
| 4 Segment Liabilities | ||||||
| a | Engineering | 9,868.77 | 11,348.91 | 9,025.55 | ||
| þ | Cement | 50,236.20 | 50,855.09 | 52,304.64 | ||
| с | Power | 4,171.41 | 3,791.18 | 4,222.34 | ||
| d | Hotel | 2,065.85 | 2,331.66 | 2,939.92 | ||
| e | Unallocated | 16,843.71 | 16,461.50 | 18,597.03 | ||
| Total | 87,089.49 | |||||
| 83,185.94 | 84,788.35 | FC. P. |
$(0.0028)$
The KCP Limited
SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES - CONSOLIDATED
The Group has reported segment information as per IND AS 108 "Operating segments" Read with regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) regulations 2015 as amended.
| \KS In LaKns) | ||||||
|---|---|---|---|---|---|---|
| 3 MONTHS ENDED | YEAR ENDED | |||||
| 31.03.2020 | 31.12.2019 | 31.03.2019 | 31.03.2020 | 31.03.2019 | ||
| 51 No | PARTICULARS | Audited | Unaudited | Audited | Audited | Audited |
| 1 Segment Revenue (Net Sale I Income | ||||||
| from each segment ) | ||||||
| a | Engineering | 1,647.02 | 2,614.73 | 3,610.22 | 7,287.58 | 9,998.22 |
| b | Cement | 23,333.60 | 19,640.76 | 25,980.01 | 84,411.37 | 1,01,736.30 |
| c | Power | 3,194.21 | 2,100.72 | 3,310.21 | 11,033.21 | 12,864.41 |
| d | Hotel | 412.14 | 515.98 | 453.83 | 1,801.85 | 1,614.11 |
| e | Sugar | 9,545.67 | 11,757.07 | 10,783.87 | 48,030.28 | 51,860.63 |
| f | Others I Unallocated | 49.04 | 51.46 | 88.46 | 193.03 | 213.81 |
| Total | 38,181.68 | 36,680.72 | 44,226.60 | 1,52,757.32 | 1,78,287.48 | |
| Less: Inter segment Revenue | 3,012.98 | 2,083.47 | 3,207.74 | 10,398.68 | 12,157.34 | |
| Net Sales I Income from Operations | 35,168.70 | 34,597.25 | 41,018.86 | 1,42,358.65 | 1,66,130.14 | |
| 2 Segment Results | ||||||
| (Profit(+) I Loss(-) before tax and | ||||||
| Interest from each segment | ||||||
| a | Engineering | (497.39) | (349.50) | 961.30 | (2,352.41) | 27.15 |
| b | Cement | 1,691.00 | (343.19) | 2,183.14 | 2,644.88 | 6,947.41 |
| c | Power | (374.44) | (110.64) | (257.84) | (466.59) | 184.76 |
| d | Hotel | (126.69) | (63.74) | (130.98) | (415.65) | (660.09) |
| e | Sugar | 3,422.57 | 437.44 | 2,900.70 | 9,632.21 | 9,473.75 |
| e | Others | 2.15 | (3.98) | 1.10 | (5.38) | 3.24 |
| f | Other unallocable expenditure(-) net of | (127.20) | (104.63) | (337.98) | (66.34) | (125 .56) |
| unallocable Income (+) | ||||||
| Total | 3,990.00 | (538.23) | 5,319.45 | 8,970.71 | 15,850.66 | |
| Less: | ||||||
| Interest expenses | 1,312.32 | 1,591.00 | 1,075.28 | 5,939.80 | 3,908.92 | |
| Interest income | (56.23) | (383.95) | (213.40) | (907.02) | (414.93) | |
| Total Profit Before Tax | 2,733.91 | (1,745.28) | 4,457.58 | 3,937.93 | 12,356.67 | |
| 3 Segment Assets | ||||||
| a | Engineering | 13,378.69 | 15,403.71 | 15,170.05 | ||
| b | Cement | 86,947.93 | 84,242.84 | 89,826.25 | ||
| c | Power | 23,343.99 | 22,947.47 | 25,289.52 | ||
| d | Hotel | 8,770.01 | 9,058.46 | 9,487.12 | ||
| e | Sugar | 57,976.56 | 50,562.30 | 49,394.31 | ||
| .f | Unallocated | 6,904.49 | .8,620.52 | 6,562.19 | ||
| Total | 1,97,321.66 | 1,90,835.31 | 1,95,729.44 | |||
| 4 Segment Liabilities | ||||||
| a | .Engineering | 9,868.77 | 11,348.91 | 9,025.55 | ||
| b | Cement | 50,236.20 | 50,855.09 | 52,304.64 | ||
| c | Power | 4,186.87 | 3,817.54 | 4,276.66 | ||
| d | Hotel | 2,065.85 | 2,331.66 | 2,939.92 | ||
| e | Sugar | 30,288.39 | 25,184.68 | 27,530.03 | ||
| f | Unallocated | 16,843.71 | 16,461.50 | 18,597.03 | ||
| Total | 1,13,489.79 | 1,09,999.39 | 1,14,673.84~. ~ . | |||
| Notes on segment information:- | /r . | -·-.•'I·~ |
- Operating segment is business activity for which operationg results are regularly reviewed by the ~~ e~~ _q ng j' is ion maker to make decisions about resource allocation and performance measurement. ( C• 1 I• ; u! ·
"" r ·-... -~·:' / ' ·e ,~y
. . - . .:~, I .
Registered Office: 'RAMAKRISHNA BUILDINGS' No 2, Dr. P.V. Cherian Crescent, Chennai - 600 008 CIN: L65991TN1941PLC001128
STATEMENT OF ASSETS AND LIABILITES
| (Rs in Lakhs) | |||||
|---|---|---|---|---|---|
| STANDALONE | CONSOLIDATED | ||||
| ASAT | ASAT | ASAT | ASAT | ||
| Particulars | 31.03.2020 | 31.03.2019 | 31.03.2020 | 31.03.2019 | |
| ASSETS | |||||
| Non-current assets | |||||
| (a) | Property, Plant and Equipment | 93,985.02 | 93,869.67 | 1,17,429.85 | 1,18,316.44 |
| (b) Capital Work-in-progress | 1,186.53 | 3,973.96 | 1,539.47 | 4,190.60 | |
| (c) | Investment Property | 0.75 | 0.75 | 0.75 | 0.75 |
| (d) Other Intangible Assets | 597.02 | 266.05 | 597.02 | 266.05 | |
| (e) | Financial Assets | ||||
| (i) Investments | 2,883.44 | 2,889.88 | 1,476.63 | 1,533.99 | |
| (ii) Trade Receivables | 552.52 | 319.68 | 552.52 | 319.68 | |
| (iv) Other financial assets | 23.18 | 25.08 | 23.18 | 25.08 | |
| (g) | Other Non-current Assets | 986.01 | 2,546.01 | 986.01 | 2,546.01 |
| Current assets | |||||
| (a) | Inventories | 15,195.53 | 17,712.80 | 28,911.03 | 34,908.11 |
| (b) Financial Assets | |||||
| (ii) Trade Receivables | 4,311.78 | 2,937.88 | 8,862.84 | 8,049.30 | |
| (iii) Cash and cash equivalents | 1,886.81 | 1,166.62 | 1,964.80 | 1,570.68 | |
| (iv) Bank balances other than (iii) above | 1,658.11 | 1,853.53 | 25,472.03 | 11,046.67 | |
| (vi) Other financial assets | 224.45 | 2,936.42 | 224.45 | 2,938.85 | |
| (c) | Current Tax Assets (Net) | 1,705.94 | 829.98 | 1,705.94 | 829.98 |
| (d) Other Current assets | 4,689.17 | 4,794.83 | 7,575.14 | 9,187.24 | |
| Total Assets | 1,29,886.26 | 1,36,123.13 | 1,97,321.67 | 1,95,729.45 | |
| EQUITY AND LIABILITIES | |||||
| Equity | |||||
| (a) | Equity Share Capital | 1,289.21 | 1,289.21 | 1,289.21 | 1,289.21 |
| (b) Other Equity | 45,411.11 | 47,744.43 | 82,542.67 | 79,766.40 | |
| Non Controlling Interest | - | - | 19,269.18 | 16,688.93 | |
| Deferred Government Grants | 30.41 | 32.41 | 30.41 | 32.41 | |
| LIABILITIES | |||||
| Non-current liabilities | |||||
| (a) | Financial Liabilities | ||||
| (i) Borrowings | 26,957.64 | 33,319.07 | 28,034.83 | 35,727.45 | |
| (ii) Trade Payables | |||||
| Due to Others | 271.26 | 271.26 | 271.26 | 271.26 | |
| (iii) Other financial liabilities | 5,261.01 | 5,049.14 | 8,752.39 | 7,815.97 | |
| (Other than those specified in | |||||
| item (b), to be specified) | |||||
| (b) | Provisions | 1,791.07 | 1,377.89 | 1,791.07 | 1,377.89 |
| (c) | Deferred Tax Liabilities (Net) | 4,485.87 | 6,160.28 | 4,485.87 | 6,160.28 |
| Current liabilities | |||||
| (a) | Financial Liabilities | ||||
| (i) Borrowings | 11,490.82 | 11,394.64 | 13,068.00 | 11,394.64 | |
| (ii) Trade payables | |||||
| Due to Micro and Small Enterprises | 15.80 | 46.19 | 15.80 | 46.19 | |
| Due to Others | 11,411.75 | 7,106.78 | 12,950.60 | 9,462.95 | |
| (iii) Current Maturities of Long Term Borrowings | 12,304.19 | 11,047.73 | 13,806.20 | 12,450.22 | |
| (iv) Other financial liabilities | 7,704.59 | 8,832.82 | 9,379.65 | 10,578.66 | |
| (other than those specified in | |||||
| item (c)) | |||||
| (b) | Other current liabilities | 1,080.68 | 2,073.34 | 1,253.68 | 2,289.06 |
| (c) | Provisions | 380.86 | 377.93 | 3S~Sb ;-, 377.93 | |
| Total Equity and Liabilities | 1,29,886.26 | 1,36,123.13 | 1,9J,~1;67- | 1:93~ 29.45 | |
| - | ,- . ~ • .-<.1 \ | ||||
| Jb.:··.::.\1. ~ | |||||
| ~·.~---- | / |
,.., ·--- • f I • . -_ ,.,., THE KCP LIMITED, CHENNAI (Rs.in Lakhs)
...
| STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2020 |
|---|
| (A) Cash flow from operating activities | ||
|---|---|---|
| Profit before tax from continuing operations | -2,539.59 | 5,480.20 |
| -2,539.59 | 5,480.20 | |
| Adjustments for: | ||
| Depreciation on tangible fixed assets | 7,077.96 | 5,157.71 |
| Amortization on intangible fixed assets | 62.90 | 35.62 |
| Loss/[profit] on sale of fixed assets | 35.11 | -24.83 |
| Assets written off | 23.01 | 79.87 |
| Expected Credit loss | 1.06 | -1.85 |
| Discounting of trade receivables | 21.59 | 11.14 |
| Amortisation of government grant | -2.00 | -1.99 |
| Unrealised foreign exchange loss/ (gain) | ||
| 0.12 | 28.92 | |
| Acturial gain on defined benefit plan-gratuity | -280.10 | -87.22 |
| Acturialloss on defined benefit plan-leave | -65.76 | -223.84 |
| Interest expense | 5,641.40 | 3,419.10 |
| Interest income | -248.00 | -234.69 |
| Dividend income | -2,872.69 | -1,424.38 |
| Operating profit before working capital changes | 6,855.01 | 12,213.75 |
| Movements In working capital: | ||
| Adjustments for Increase I (Decrease) in operating liabilities: | ||
| Increase/[ decrease] in trade payables | 4,274.57 | 1,950.64 |
| Increase/[ decrease] in non current- other financial liabilities | 197.43 | 1,095.20 |
| Increase/[ decrease] in long term provisions | 413.17 | 152.26 |
| Increase/[ decrease] in current- other financial liabilities | -1,128.22 | -1,443.74 |
| Increase/[ decrease] in other current liabilities | -992.66 | 1,375.06 |
| Increase/[ decrease] in current provisionsAdjustments for Decrease I (Increase) in operating assets : | 2.93 | 4.79 |
| Decrease/[increase] in non current trade receivables | -254.55 | -62.15 |
| Decrease/[increase] in non current other financial assets | 1.90 | -4.21 |
| Decrease/[increase] in other non-current assets | 1,560.00 | 1,243.06 |
| Decrease/[increase] in inventories | 2,517.28 | -5,004.50 |
| Decrease/[increase] in current trade receivables | -1,374.96 | -419.29 |
| Decrease/[increase] in other bank deposits | 195.42 | -376.74 |
| Decrease/[increase] in current other fina~cial assets | 2;711.97 | -2,818.68 |
| Decrease/[increase] in other current assets | 105.66 | 1,002.93 |
| Cash generated from/[ used In] operations | 15,084.95 | 8,908.38 |
| Direct taxes paid [net of refunds] | -687.46 | -1,136.88 |
| Net cash flow from/[ used in] operating activitles_(A) | 14,397.49 | 7,771.50 |
| (B) Cash flows from Investing activltes | ||
| Purchase of Fixed assets, including intangible assets, CWIP | -5,456.09 | -12,678.01 |
| Proceeds from sale of fixed assets | ||
| 598.21 | 29.11 | |
| Purchase of current investments | -0.69 | -0.72 |
| Interest received | 248.00 | 221.67 |
| Dividends received | 2,872.69 | 1,424.38 |
| Net cash flow from/[ used in] investing activities (B) | -1,737.88 | -11,003.57 |
| C. Cash flows from financing activities | ||
| Proceeds/ (Repayment) from long term Borrowings (net) | -5,104.98 | 2,371.16 |
| Proceeds/ (Repayment) of short term borrowings | 96.18 | 5,465.87 |
| Interest paid | -5,641.40 | .-3,407.96 |
| Dividends paid | -1,289.21 | -1,289.21 |
| Net cash flow from/[ used in] in financing activities [C) | -11,939.42 | 3,139.85 |
| Net increase/[ decrease] in cash and Bank Balances (A+B+C) | 720.19 | -92.22 |
| Cash and Bank Balances at the beginning of the year | 1,166.62 | 1,258;84 |
| Cash and Bank Balances at the end of the year | 1,886.81 | 1,166.62 |
| Components of cash and Bank Balances | ||
| Cash on hand | ||
| 9.17 | 9.19 | |
| Cheques/drafts on hand | 69.90 | 35.01 |
| Balance in current account | 1,807.74 | 422.42 |
| On deposit account | 7Qd.061· | |
| Total Cash and Bank Balances | ||
| --- |
THE KCP LIMITED, CHENNAI
(is lette)
$\sqrt{d}$
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2020 - CONSOLIDATED
| PARTICULARS | CURRENT YEAR2019-20 | PREVIOUS YEAR2018-19 |
|---|---|---|
| (A) Cash flow from operating activities | ||
| Profit before tax from continuing operations | 6,809.94 | 13,767.65 |
| Share of profits from joint venture | 29.11 | 157.17 |
| Profit before tax | 6,839.04 | 13,924.83 |
| Adjustments for : | ||
| Depreciation/ Amortization on continuing operation | 9,546.1862.90 | 7,526.1135.62 |
| Depreciation/amortization on continuing operationLoss/[profit] on sale of fixed assets | 35.11 | $-24.83$ |
| Assets written off | 23.01 | 79.87 |
| Expected Credit loss | 1.06 | $-1.85$ |
| Discounting of trade receivables | 21.59 | 11.14 |
| Amortisation of government grant | $-2.00$ | $-1.99$ |
| Unrealised foreign exchange loss/ (gain) | 0.12 | 28.92 |
| Acturial loss on defined benefit plan-gratuity | $-471.16$ | $-87.22$ |
| Acturial loss on defined benefit plan-leave | $-65.76$ | $-223.84$ |
| Translation gain/loss during the year | 2,865.83 | 1,146.74 |
| Interest expense | 5,641.40 | 3,419.10 |
| Share of OCI of Associate | $-0.02$ | $-28.95$ |
| Interest income | $-248.00$ | $-234.69$ |
| Dividend income | $-2,872.69$ | $-1,424.38$ |
| Operating profit before working capital changes | 21,376.61 | 24,144.57 |
| Movements in working capital: | ||
| Adjustments for Increase / (Decrease) in operating liabilities : | ||
| Increase/[decrease] in trade payables | 3,457.26 | $-768.05$ |
| Increase/[decrease] in other financial liabilities (non-current) | 921.98 | 936.83 |
| Increase/[decrease] in long term provisions | 413.17 | 152.26 |
| Increase/[decrease] in other financial liabilities (Current) | -1,199.01 | $-958.96$ |
| Increase/[decrease] in other current liabilities | $-1,035.38$ | 1,385.34 |
| Increase/[decrease] in short-term provisions | 2.93 | 4.79 |
| Adjustments for [Increase]/decrease in operating assets : | $-62.15$ | |
| [Increase]/decrease in trade receivables (non-current) | $-254.55$ | $-4.21$ |
| [Increase]/decrease in other financial assets (non-current)[Increase]/decrease in other non-current assets | 1.901,560.00 | 1,243.06 |
| [Increase]/decrease in inventories | 5,997.08 | 1,042.03 |
| (Increase)/decrease in trade receivables (current) | $-814.60$ | $-791.43$ |
| [Increase]/decrease in other bank deposits | $-14,425.36$ | $-9,569.88$ |
| [Increase]/decrease in other financial assets (current) | 2,714.40 | $-2,817.67$ |
| [Increase]/decrease in other current assets | 1,612.10 | 2,376.88 |
| Cash generated from/[used in] operations | 20,328.54 | 16,313.40 |
| Direct taxes paid (net of refunds) | $-687.46$ | $-1,136.88$ |
| Net cash flow from/[used in] operating activities (A) | 19,641.08 | 15,176.52 |
| (B) Cash flows from investing activites | ||
| Purchase of fixed assets, including intangible assets, CWIP | $-7,058.66$ | $-14,011.57$ |
| Proceeds from sale of fixed assets | 598.21 | 29.11 |
| Purchase of non-current investments | $-0.69$ | $-0.72$ |
| (Increase)/Decrease in value of investments in joint venture | $-29.08$ | $-128.22$ |
| Interest received | 248.00 | 221.67 |
| Dividends received | 3.063.74 | 41.21 |
| Net cash flow from/[used in] investing activities (B) | $-3,178.48$ | $-13,848.53$ |
| C. Cash flows from financing activities | ||
| Repayment of long term Borrowings (net) | $-6,336.65$ | 1,137.89 |
| Proceeds from short term borrowings | 1,673.36 | 2,807.59 |
| Interest paid | $-5,641.40$ | $-3,407.96$ |
| Dividends paid | $-5,763.79$ | $-1,980.80$ |
| Net cash flow from/[used in] in financing activities [C] | $-16,068.48$ | $-1,443.28$ |
| Net increase/[decrease] in cash and Bank Balances (A+B+C) | 394.12 | $-115.28$ |
| Cash and Bank Balances at the beginning of the year | 1,570,68 | 1,685.96 |
| Cash and Bank Balances at the end of the year | 1,964.80 | 1,570.68 |
| 14.53 | 13.13 | |
| Components of cash and Bank BalancesCash on handDeposits with original maturity of less than 3 months | 700.00 | |
| With banks on current account | 1,880.37 | 822.55 |
| Cheques/drafts on hand | 69.90 | 35.01 |
Ref: KCP: CS: SE: RB: 19-20: 180620202
June 18, 2020
National Stock Exchange of India Limited(NSE) Scrip: KCP BandraKurla Complex, Bandra (E) Mumbai-400 051
Bombay Stock Exchange Ltd (BSE) Scrip - 590066 Floor No.25, P J Towers Dalal Street, Mumbai 400 001
Dear Sir / Madam,
Sub: Declaration in terms of Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015.
In terms of the Second proviso to Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015, we declare that M/s. K.S. Rao & Co., Statutory Auditors of the Company have submitted their Audit Reports on the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31/03/2020 with unmodified opinion(s).
This is for your information and records.
Thanking You,
Yours faithfully, For THE KCP LIMITED
Y. VIJAYAKUMAR COMPANY SECRETARY & COMPLIANCE OFFICER.
THE KCP LIMITED Registered Office: Ramakrishna Buildings, 2, Dr. P. V. Cherian Crescent, Egmore, Chennai 600 008. INDIA Phone: + 91-44-6677 2600 Fax: + 91-44-6677 2620 E-mail: [email protected] www.kcp.co.in
CIN: L65991TN1941PLC001128