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K.C.P. LTD — Interim / Quarterly Report 2019
May 29, 2019
62283_rns_2019-05-29_9d9baa79-65b0-4ea9-9113-5c21068c7584.pdf
Interim / Quarterly Report
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Ref: KCP I SHARE I RBI 19-201 295191
May 29,2019
National Stock Exchange of India Limited (NSE) Scrip: KCP Bandra Kurla 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 I Madam,
Sub: Audited Financial Results and recommendation of dividend for the year ended 31st March 20 19.
Ref: Regulation 33 of the SEBI (LODR) Regulations, 2015 as amended
This is further to our letter dated 30th Apri12019, wherein we had intimated to the exchange, the date of Board Meeting for consideration of audited financial results for the financial year ended 31st March, 20 19.
Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors in their meeting held today have interalia:
-
- Approved the Audited Financial Results for the quarter and financial year ended 31st March, 2019.
-
- The Auditors of the Company Mfs. K.S. Rao & Co., Chartered Accountants, Hyderabad had issued the Audit Reports for Financial Statements as prepared under the Companies Act, 2013 and Financial Results as prepared under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15 for the quarter and financial year ended 31st March 20 19 with an unmodified opinion.
-
- Enclosed herewith a copy of the Audited Financial Results for the quarter and financial year ended 31st March, 2019 along with the copy of the Auditor's Report.
-
- Recommended a dividend of Re.l I- ( 1 00%) for the financial year ended 31st March, 2019 on Equity Shares of Re.l I- each.
-
- The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the members in the forthcoming Annual General Meeting, had decided to re-appoint Sri. V.H. Ramakrishnan, Sri. Vijay Sankar, Sri. P.S. Kumar, Sri. M.Narasimhappa as Non-executive Independent Directors of the Company for the second term of 5 consecutive years and Sri. 0. Swaminatha Reddy, Non-executive independent director of the company has conveyed the Company that he is not seeking re-appointment due to pre-occupation and age.
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 : L65991TN 1941 PLCOO 1128
THE k c p LIMITED
- The Board has approved the revised Insider trading policy
The Board meeting commenced at 11-30 AM and concluded at 4PM.
We shall inform the exchanges in due course the date on which the company will hold the Annual General Meeting for the year ended 31st March 20 19 and the dates of book closure for the purpose of determination of entitlement for the dividend including the date from which dividend, if approved by shareholders, will be paid.
.. 2 ..
You are requested to take the above information on your record.
Thanking you,
Yours faithfully, For THE KCP LIMITED,
Y. VIJAYAKUM~ COMPANY SECRETARY AND COMPLIANCE OFFICER.
THE KCP LIMITED
Registered Office: 'RAMAKRISHNA BUILDINGS'
No 2, Dr. P.V. Cherian Crescent, Chennai · 600 008 CIN : L65991TN1941PLC001128
CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2019
| ( Rup.oes !n lakhs) | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3 MONTHS ENDED | YEAR ENDED | CONSOLIDATED YEAR ENDED | ||||||
| 31.03.2019 31.12.2018 | ||||||||
| Sl No | PARTICULARS | Audited | Unaudited | 31.03.2018Audited | Audited | 31.03.2019 31.D3.2018Audited | 31.03.2019Audited | 31.03.2018Audited |
| 1 | REVENUE FROM OPERATIONS | 30,659 | 27,298 | 26,605 | 1,14,117 | 1,05,208 | 1,66,057 | 1,51,251 |
| 2 | OTHER INCOME | 500 | 180 | 282 | 2,235 | 4,841 | 870 | 1,041 |
| 3 | TOTAL INCOME | 31.159 | 27,478 | 26,887 | 116,353 | 110,049 | 1,66,927 | 1,52,292 |
| 4 | EXPENSES | |||||||
| (a COST OF RAW MATERIAL CONSUMED | 8,707 | 6,637 | 4,556 | 26,140 | 16,913 | 53,576.56 | 56,741 | |
| (b) PURCHASES OF STOCK IN TRADE | ||||||||
| (c) CHANGES IN INVENTORIES OF FINISHED GOODS ,WORK IN PROGRESS | ||||||||
| AND STOCK IN TRADE | (596) | (851) | (442) | (2,150) | 118 | 4,779 | (8,853) | |
| (d) EMPLOYEES BENEFIT EXPENSE | 2,123 | 1,977 | 2,143 | 8,565 | 9,345 | 10,732 | 11,442 | |
| (e) POWER & FUEL | 7,087 | 7,869 | 6,971 | 30,293 | 26,262 | 30,423 | 26,325 | |
| (f) FREIGHT AND FORWARDING EXPENSE | 5,783 | 6,343 | 5,846 | 24,840 | 19,014 | 27,035 | 20,575 | |
| (g) FINANCE COST | 950 | 876 | 738 | 3,381 | 3,529 | 3,871 | 4,234 | |
| (g) DEPRECIATION AND AMORTISATION EXPENSE | 1,484 | 1,253 | 1,439 | 5,193 | 4,903 | 7,562 | 7,051 | |
| (h) EXCISE DUTY | - | |||||||
| 1 | 3,659 | 3,659 | ||||||
| (i) OTHER EXPENDITURE | 3,554 | 4,228 | 3,858 | 14,611 | 14,198 | 16,592.79 | 15,974 | |
| TOTAL EXPENSES | 29,092 | 28,332 | 25,109 | 1,10,873 | 97,941 | 1,54,570 | 1,37,148 | |
| 5 | PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX (3·4) | 2,067 | (854) | 1,778 | 5,480 | 12,108 | 12,356.65 | 15,144 |
| 6 | EXCEPTIONAL ITEMS | 871 | 871 | - | 871 | |||
| 7 | PROFIT/(LOSS) BEFORE TAX (5-6) | 2,067 | (854) | 907 | 5,480 | 11,237 | 12,357 | 14,273 |
| 8 | TAX EXPENSE | |||||||
| (a) CURRENT TAX | (22) | (137) | 277 | 218 | 3,149 | 218 | 3,150 | |
| (b) DEFERRED TAX | 900 | (336) | (40) | 1,311 | (39) | 1,311 | (39) | |
| 9 | PROFIT/(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) | 1,190 | (381) | 669 | 3,951 | 8,127 | 10,828 | 11,161 |
| 10 | PROFIT/(LOSS) FROM DISCONTINUED OPERATIONS | - | -- | - | ||||
| 1112 | TAX EXPENSE OF DISCONTINUED OPERATIONSPROFIT/(LOSS) FROM DISCONTINUED OPERATIONS (10-11) | - | - | |||||
| 13 | PROFIT/(LOSS) FOR THE PERIOD (9+12) | 1,190 | (381) | 669 | 3,951 | 8,127 | 10,828 | 11,161 |
| 14 | SHARE OF PROFIT FROM JOINT VENTURE | 157 | 105 | |||||
| 15 | LESS: NON CONTROLLING INTEREST | 2,762 | 2,315 | |||||
| 16 | PROFIT/(LOSS) AFTER NON-CONTROLLING INTEREST (13+14-15) | 8,222 | 8,952 | |||||
| 17 | OTHER COMPREHENSIVE INCOME | |||||||
| (i) ITEMS THAT WILL NOT BE RECLASSIFIED TO P&L | (32) | (38) | 78 | (207) | (27) | 928 | (363) | |
| (ii) SHARE OF OCI FROM JOINT VENTURE | (29) | (30) | ||||||
| (iii) LESS :NON CONTROLLING SHARE OF OCI | 382 | (102) | ||||||
| OCI AFTER NON COTROLLING INTEREST | (32) | (38) | 78 | (207) | (27 | |||
| 18 | TOTAL COMPREHENSIVE INCOME (13+14+17(i)+17(ii)) | 1,157 | (418) | 748 | 3,745 | 8,100 | 11,884 | 10,873 |
| 19 | LESS: MINORITY SHARE OF TOTAL COMPREHENSIVE INCOME (15+17(iii) | 3.145 | 2,213 | |||||
| 20 | TOTAL COMPREHENSIVE INCOME AFTER NON-CONTROLLING INTEREST (18·19) | 8,739 | 8,660 | |||||
| 17 | EARNINGS PER SHARE (EPS) (FOR CONTINUING OPERATIONS) (Basic and Diluted EPS)- | 0.92 | -0.30 | 0.52 | 3.06 | 6.30 | 6.38 | 6.94 |
| Rs. | ||||||||
| 18 | EARNINGS PER SHARE (EPS) (FOR DISCONTINUED OPERATIONS) (Basic and Diluted EPS) • | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rs .EARNINGS PER SHARE (EPS) (FOR DISCONTINUED & CONTINUING OPERATIONS) (Basic | ||||||||
| 19 | and Diluted EPSI • Rs. | 0.92 | -o.30 | 0.52 | 3.06 | 6.30 | 6.38 | 6.94 |
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 of the Companies Act 2013 read with the Companies (Indian Accounting Stadard) Rules 2015 (as amended).
(b) The figures of Fourth Quarter for Standalone Operations are the balancing figures between audited figures in respect of full financial year upto 31st March,2019 and unaudited year-to-date figures upto the third quarter ended 31st December, 2018.
(c) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 29th May 2019.
(d) The Statutory Auditors have audited the above results and issued audit report with unmodified opinion.
(e) Goods and Services Tax (GST) has been implemented with effect from 1st July 2017, and therefore, Revenue from Operations for the quarter and year ended 31st March, 2019 is net off GST. Revenue from Operations and expenses for the corresponding year ended 31st March, 2018 being inclusive of Excise Duty of Rs.3659 lakhs are therefore not comparable.
(f) Effective April1, 2018, the Company adopted lnd AS 115 "Revenue from Contracts with Customers" and applied prospectively to contracts with customers existing as on 1st April, 2018. Due to the applicability of lnd AS 115 the turnover and profit increased by Rs.2834 Lakhs and Rs.162 Lakhs respectively.
(g) The company has commissioned its cement production expansion project at Muktyala, Krishna District AP on 18.02.2019, increasing its clinker capacity from 1.55 MTPA to 3.06 MTPA and cement capacity from 1.86 MTPA to 3.52 MTPA
(h) The Board has recommended for the approval of the shareholders at the ensuing Annual General Meeting, a Dividend of Rs.1/· per share on equity share of Re.1/- each
(I) Figures for the previous period have been regrouped/reclassified wherever necessary to confirm to the current periods presentation.
Place : Chennai - 600 008 Date : 29th May, 2019

THE KCP LIMITED
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
| 3 MONTHS ENDED | YEAR ENDED | (Rs in L.akhs)CONSOLIDATED YEAR ENDED | ||||||
|---|---|---|---|---|---|---|---|---|
| 31.03.2019 | 31.12.2018 | 31.03.2018 | 31.03.2019 | 31.03.2018 | 31.03.2019 | 31.03.2018 | ||
| SINo | PARTICULARS | Audited | Unaudited | Audited | Audited | Audited | Audited | Audited |
| 1 Segment Revenue (Net Sale /Income | ||||||||
| from each segment ) | ||||||||
| a Engineering | 3,997 | 2,403 | 1,959 | 10,511 | 8,622 | 10,511 | 8,622 | |
| b Cement | 25,960 | 24,564 | 24,917 | 1,01,784 | 95,506 | 1,01,784 | 95,506 | |
| c Power | 2,221 | 2,202 | 1,611 | 8,611 | 7,933 | 12,876 | 11,158 | |
| d Hotel | 456 | 420 | 430 | 1,618 | 1,537 | 1,618 | 1,537 | |
| e Sugar | 51,906 | 45,489 | ||||||
| f Others I Unallocated | 138 | 82 | 19 | 4,280 | 1,800 | 4,280 | ||
| Total | 32,772 | 29,672 | 28,936 | 1,17,878 | 1,80,495 | 1,66,593 | ||
| Less: Inter segmental Revenue | 1,613 | 2,194 | 2,049 | 7,970 | 7,829 | 13,568 | 14,301 | |
| Net Sales /Income from Operations | 31,159 | 27,478 | 26,887 | 1,16,353 | 1,10,049 | 1,66,927 | 1,52,292 | |
| 2 Segment Results | ||||||||
| (Profit(+) I Loss(-) before tax and | ||||||||
| Interest from each segment | ||||||||
| a Engineering | 972 | (325) | 399 | 63 | (792) | 63 | (792) | |
| b Cement | 2,159 | (33) | 1,772 | 6,948 | 12,416 | 6,948 | 12,416 | |
| c Power | 290 | 336 | (424) | 1,066 | 457 | 190 | 386 | |
| d Hotel | (127) | (163) | (147) | (655) | (806) | (655) | (806) | |
| e Sugar | 9,654 | 7,721 | ||||||
| e Others | 2 | 3 | 1 | 4 | 7 | 4 | ||
| f Other unallocable expenditure(-) net of | (277) | 204 | 43 | 1,434 | 3,484 | 23 | (425) | |
| unallocable Income(+) | ||||||||
| Total | 3,018 | 22 | 1,644 | 8,861 | 14,766 | 16,227 | 18,507 | |
| Less: | ||||||||
| Interest | 950 | 876 | 738 | 3,381 | 3,529 | 3,871 | 4,234 | |
| Total Profit Before Tax | 2,067 | (854) | 907 | 5,480 | 11,237 | 12,357 | 14,273 | |
| 3 Segment Assets | ||||||||
| a Engineering | 15,170 | 14,593 | 10,450 | 15,170 | 10,450 | 15,170 | 10,450 | |
| b Cement (*) | 89,826 | 85,218 | 78,371 | 89,826 | 78,371 | 89,826 | 78,371 | |
| c Power | 13,722 | 13,760 | 14,642 | 13,722 | 14,642 | 25,290 | 22,796 | |
| d Hotel | 9,487 | 9,794 | 10,320 | 9,487 | 10,320 | 9,487 | 10,320 | |
| e Sugar | 49,394 | 51,722 | ||||||
| f Unallocated | 7,918 | 8,481 | 8,518 | 7,918 | 8,518 | 6,562 | 7,082 | |
| Total | 1,36,123 | 1,31,845 | 1,22,300 | 1,36,123 | 1,22,300 | 1,95,729 | 1,80,741 | |
| 4 Segment Liabilities | ||||||||
| a Engineering | ||||||||
| 9,026 | 9,315 | 5,358 | 9,026 | 5,358 | 9,026 | 5,358 | ||
| b Cement | 52,305 | 48,999 | 42,834 | 52,305 | 42,834 | 52,305 | 42,834 | |
| c Power | 4,222 | 4,759 | 5,123 | 4,222 | 5,123 | 4,277 | 5,184 | |
| d Hotel | 2,940 | 3,274 | 3,743 | 2,940 | 3,743 | 2,940 | 3,743 | |
| e Sugar | 27,530 | 31,344 | ||||||
| f Unallocated | 18,597 | 17,622 | 18,665 | 18,597 | 18,665 | 18,597 | 18,665 | |
| Total | 87,089 | 83,969 | 75,722 | 87J089 | 75,722 | 1,14 !14 | 1,07,127 | |
THE KCP LIMITED
Registered Office: 'RAMAKRISHNA BUilDINGS' No 2, Dr. P.V. Cherian Crescent, Chennai -600 008 CIN: l65991TN1941PlC001128
STATEMENT OF ASSETS AND LIABILITES
| ASATASATASATASATParticulars31.03.201931.03.201831.03.2019ASSETSNon-current assetsProperty, Plant and Equipment93,87065,2211,18,316Capital Work-in-progress3,97425,2654,191Investment Property111Other Intangible Assets266224266Financial Assets(i) Investments2,8902,8931,534(ii) Trade Receivables320258320(iii) loans(iv) Others (to be specified)212525Deferred Tax Assets (Net)Other Non-current Assets2,5463,7892,546Current assetsInventories17,71312,70834,90835,950Financial Assets(i) Investments(ii) Trade Receivables2,9382,5758,049(iii) Cash and cash equivalents1,1671,2591,571(iv) Bank balances other than (iii) above1,8541,47711,047(v) loans(vi) Others (to be specified)2,936982,939Current Tax Assets (Net)830715830Other Current assets4,7955,7989,1871,22,3001,95,729Tot a I Assets1,36,123EQUITY AND LIABILITIESEquityEquity Share Capital1,2891,2891,289Other Equity47,74445,28979,766Non Controlling Interest16,689Deferred Government Grants323234LIABILITIESNon-current liabilitiesFinancial liabilities(i) Borrowings33,31933,58835,727(ii) Trade PayablesDue to Micro and Small EnterprisesDue to Others271271271(iii) Other financial liabilities5,0493,9547,816(Other than those specified initem (b), to be specified)Provisions1,3911,2261,391Deferred Tax liabilities (Net)6,1605,7626,160Other non-current liabilitiesCurrent liabilitiesFinancial liabilities(i) Borrowings5,92911,39511,395(ii) Trade payablesDue to Micro and Small Enterprises464346Due to Others7,1075,1609,463(iii) Other financial liabilities19,88118,68423,029(other than those specified initem (c))Other current liabilities2,0736982,289/.Provisions364373364:313-Current tax liabilities (Net)<.-- ." | (Rs. Lakhs)CONSOLIDATED | ||||||
|---|---|---|---|---|---|---|---|
| STANDALONE | |||||||
| 31.03.2018 | |||||||
| (a) | 90,609 | ||||||
| (b) | 25,574 | ||||||
| (c) | 1 | ||||||
| (d) | 224 | ||||||
| (e) | |||||||
| 1,457 | |||||||
| 258 | |||||||
| 21 | |||||||
| (g) | 3,789 | ||||||
| (a) | |||||||
| (b) | |||||||
| 7,314 | |||||||
| 1,686 | |||||||
| 1,477 | |||||||
| 101 | |||||||
| (c) | 715 | ||||||
| (d) | 11,564 | ||||||
| 1,80,741 | |||||||
| 1,289 | |||||||
| 72,324 | |||||||
| 14,236 | |||||||
| 34 | |||||||
| (a) | |||||||
| 37,230 | |||||||
| 271 | |||||||
| 6,879 | |||||||
| 1,226 | |||||||
| (d) | 5,762 | ||||||
| 8,587 | |||||||
| 43 | |||||||
| 10,235 | |||||||
| 21,347 | |||||||
| (b) | 904 | ||||||
| (c) | |||||||
| (d) | ~ro | ||||||
| Total Equity and liabilities | 1,36,123 | 1,22,300 | 1,95,729 | :j1,80,741 |
. Cllt. ,r-af\1-t} "" \J {J ..0 ~~
. "' c; . ' Clf[fHt• \ -

INDEPENDENT AUDITOR'S REPORT ON STANDALONE AUDITED QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
To the Board of Directors of The K.C.P Limited,
- We have audited the accompanying Statement of Standalone audited Financial Results of The K.C.P Limited ("the Company") for the quarter ended 31st March, 2019 and year to date results for the period 01.04.2018 to 31.03.2019 (the Statement) being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.
This Statement which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been compiled from the related lnd AS financial Statements which have been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules 2015 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such Financial Statements.
- We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Thosestandards require that we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance as to whether the financial statements are free from material misstatements.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgement including the assessments of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments the auditor considers internal control relevant to the Company's preparation and fair presentation of the statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the Statement.


-
- In our opinion and to the best of our information and according to the explanations to us the Statement :
- (i) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016; and
- (ii) gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the Net Profit and total Comprehensive income and other financial information of the Company for the year ended 31st March 2019.
S.The Statement includes the results for the Quarter ended 31st March 2019 being the balancing figure between audited figures in respect of the full financial year and reviewed year to date figures up to the third Quarter of the Financial year under report.
for K S Rao & Co.
CHARTERED ACCOUNTANTS
Place :Chennai Date : 29.05.2019
Partner Membership No. 029193

INDEPENDENT AUDITOR'S REPORT ON CONSOLIDATED AUDITED QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
To the Board of Directors of The K.C.P Limited,
- We have audited the accompanying Statement of Consolidated audited Financial Results of The K.C.P Limited and its Subsidiary(the Parent, its Subsidiary and its Joint Venture together referred to as "the Group")and its share of the net profit after tax and total comprehensive income of its Joint Venture for the year ended 315 t March,2019("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended 31st March,2019 as reported in these financial results have been approved by the Parent's Board of Directors, but have been subjected to audit
This Statement which is the responsibility of the Parent's Management and has been approved by the Parent's Board of Directors, has been compiled from the related Consolidated financial Statements which have been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards ) Rules 2015 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such Consolidated Financial Statements.
- We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Thosestandards require that we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance as to whether the financial statements are free from material misstatements.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgement including the assessments of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments the auditor considers internal control relevant to Holding Company's preparation and fair presentation of the Consolidated Results included in the statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management,as well as evaluating the ov~ c:t!~ ~-ntation of the Statement.


- We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
CHARTERED ACCOUNTANTS
-
- In our opinion and to the best of our information and according to the explanations to us given to us and based on the consideration of the reports of other auditors on separate financial statements and other financial information these Consolidated Results included in the Statements:
- (i) Includes the financial results of the following entities:
| Name of the entity | Relationship | |||
|---|---|---|---|---|
| KCP Vietnam Industries Limited | Subsidiary | |||
| Fives Cail KCP Limited | Joint Venture |
- (ii) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIRICFDIFACI62I2016 dated July 5, 2016; and
- (iii) gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the Net Profit and total Comprehensive income and other financial information of the Company for the year ended 31st March 2019.
-
- We did not audit the financial statements I financial information of subsidiary included in the consolidated financial results, whose financial statements reflect total assets of Rs. 60962 lakhs as at 31st March, 2019, total revenues of Rs.51985 lakhs total net profit after tax of Rs.8287.461akhs and cash flows (net) of Rs. 7276.80 lakhs for the year ended on that date, as considered in the consolidated financial results. The consolidated financial results also include the Group's share of net profit Rs157.17 lakhs for the year ended 31st March, 2019, as considered in the consolidated financial results, in respect of Joint Venture, whose financial statements I financial information have not been audited by us. These financial statements I financial information have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of subsidiary, and joint venture, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 2 above.
Our opinion on the Statement is not modified in respect of above matters.


6.The Statement includes the results for the Quarter ended 31st March 2019 being the balancing figure between audited figures in respect of the full financial year and reviewed year to date figures up to the third Quarter of the Financial year under report.
for K S Rao & Co. Chartered Accountants firm's Regn No. 003 ~ F-ff p- ,P.GovARDHANA REO Y) g.· ~'"'<: Partner - Membership No. 029193
Place :Chennai Date : 29.05.2019

Ref: KCP I SHARE I RBI 19-201 295192
May 29,2019
National Stock Exchange of India Limited (NSE) Scrip: KCP Bandra Kurla 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 I Madam,
Sub: Declaration with respect to Audit Report with Unmodified Opinion to the Audited Financial Results for the Financial Year ended 31st March 2019.
Dear Sir I Madam,
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we do hereby confirm that the Statutory Auditors of the Company Mjs. K.S. Rao & Co., Chartered Accountants, Hyderabad, have issued an Audit Report with Unmodified Opinion(s) on the Audited Financial Results of the Company (Standalone & Consolidated) for the Financial Year ended 31st March 20 19.
Thanking you,
Yours faithfully, For THE KCP LIMIT
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