Lambodhara Textiles Ltd. — Interim / Quarterly Report 2021

Nov 13, 2020

Lambodhara Textiles Limited

Regd. Office : 3 A, 3rd Floor, B Block, Pioneer Apartments, 1075 B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91 422 2249038 & 4351083. E-mail: info@lambodharatextiles.com www.lambodharatextiles.com GSTIN: 33AAACL3524B1Z9 I.E. Code #3201006181 CIN: L17111TZ1994PLC004929

November 13, 2020

$To$ The Listing Department National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051.

Dear Sir/Madam,

Sub: Outcome of Board Meeting

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Ref: Requirements) Regulations, 2015.

Symbol: LAMBODHARA Series : EO

With reference to the above, we enclose herewith the unaudited financial results for the Quarter ended 30th September, 2020 duly approved by the Board of Directors at their meeting held on Friday, 13th November, 2020 along with the limited review report issued by M/s Jain & Mohan, Chartered Accountants, Statutory Auditors of the Company.

Kindly take the same on record

Thanking you

Yours faithfully For Lambodhara Textiles Ltd., $\cdot$ $\mathbf{I}$

Ramesh Shenoy Kalyanpur DIN: 06392237 Whole-Time Director cum Chief Financial Officer

Encl:a.a

$Cc$ : The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Works: 826, Thazhaiyuthu, Palani - 624 618, India ©: +91 4252 252253 & 252057 E-mail: mill@lambodharatextiles.com

LAMBODHARA TEXTILES LIMITED CIN L17111 TZ 1994 PLC 004929 Regd. Office: 3A, 3rd Floor, B Block, Pioneer Apartments 1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083 Email & Investor Grievance ID : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Statement of Unaudited Financial Results for the Quarter and Six Months ended 30.09.2020

	Particulars	Quarter Ended			Six Months Ended		Year Ended
S.No.		30.06.202030.09.2020		30.09.2019	30.09.202030.09.2019		31.03.2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Income:
1	Revenue from Operations	2,938.17	412.80	4,112.33	3,350.97	8,589.90	17,466.26
$\overline{2}$	Other Income	36.90	23.47	20.06	60.37	41.18	104.07
3	Total Revenue (1+2)	2,975.07	436.27	4,132.39	3,411.34	8,631.08	17,570.33
4	Expenses:
	(a) Cost of materials consumed	1,047.79	620.08	2,212.43	1,667.87	4,557.05	8,372.80
	(b) Purchase of Stock-in-Trade	171.94	11.81	367.53	183.75	1,060.15	2,281.15
	(c) Changes in Inventories of Finished Goods, Stock-in-Trade
	& Work-in-Process	509.18	(836.38)	(121.82)	(327.20)	(322.65)	(22.51)
	(d) Employee Benefit Expense	188.03	89.13	309.25	277.16	555.16	1,070.26
	(e) Finance Cost	130.85	117.08	45.83	247.93	116.42	476.10
	(f) Depreciation & Amortization Expenses	188,04	187.64	174.98	375.68	349.60	727.46
	(g) Other expenses
	- Manufacturing and operating	403.02	272.37	707.36	675.39	1,436.89	2,791.82
	(Stores and spares consumed, Conversion charges, power and
	- Others	186.19	64.23	184.75	250.42	469.26	993.00
	Total Expenses	2,825.04	525.96	3,880.31	3,351.00	8,221.88	16,690.09
5	Profit before Exceptional Items and Tax (3-4)	150.03	(89.69)	252.08	60.34	409.20	880.24
6	Exceptional items
$\overline{7}$	Profit Before Tax (5+6)	150.03	(89.69)	252.08	60.34	409.20	880.24
8	Tax expenses :
	(a) Current tax	10.07		51.90	10.07	84.24	146.62
	(b) Deferred tax	38.30	(11.47)	(10.57)	26.83	(21.73)	46.92
	(c) Tax in respect of earlier years						0.65
9	Profit/(Loss) After Tax for the period (7-8)	101.66	(78.22)	210.75	23.44	346.69	686.05
10	Other Comprehensive Income (Net of Income Tax)
	A. Items that will not be reclassified to Profit or Loss
	(I) Remesurements of net defined benefit plans						(2.69)
	B. Items that will be reclassified to Profit or Loss
11	Total comprehensive income for the period (9+10)	101.66	(78.22)	210.75	23.44	346.69	683.36
12	Paid-up equity share capital (Face Value of Rs.5/- each)	478.88	478.88	478.88	478.88	478.88	478.88
13	Reserves Excluding Revaluation Reserves as per Balance
	Sheet of previous accounting year						4,985.05
14	Earnings per Equity Share
	a) Basic	1.06	(0.82)	2.20	0.24	3.62	7.16
	b) Diluted	1.06	(0.82)	2.20	0.24	3.62	7.16

Notes:

1. The above financial results have been reviewed by the Audit Committee at their meeting on 13th November 2020 and approved by the Board of Directors at their meeting held on 13th November 2020.

2. The outbreak of COVID-19 pandemic and consequent lockdown has impacted regular business operations. The Company has since restarted its manufacturing facilities in a phased manner. The Company has taken into account external and internal information for assessing possible limpact of COVID-19 on various elements of its financial results, including recoverability of its assets.

3. This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable

4. The figures for the previous periods have been re-grouped / re-arranged wherever necessary to make them comparable with those of current period

5. The Company has organised the business into segments, viz., Textiles, Windmill and Real Estate. This reporting complies with Ind AS segment reporting principles

Place: Coimbatore Date: 13.11.2020

Raja $S_L$ $CBE$

rder of the Board sd/- Giulia Bosco DIN: 01898020 Whole-Time Director

LAMBODHARA TEXTILES LIMITED CIN L17111 TZ 1994 PLC 004929 Regd. Office: 3A, 3rd Floor, B Block, Pioneer Apartments 1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083 Email & Investor Grievance ID : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Segmentwise Revenue, Results, Assets and Liabilities for the quarter and six months ended 30.09.2020

						(Rs. in Lakhs)
	Quarter Ended			Six Months Ended		Year Ended
Particulars	30.09.2020	30.06.2020	30.09.2019	30.09.2020	30.09.2019	31.03.2020
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
(i) Textiles	2,730.69	273.47	3,976.35	3,004.16	8,357.33	17,099.68
(ii) Windmill	215.09	138.99	117.32	354.08	196.31	315.00
(iii) Real Estate	29.29	23.81	38.72	53.10	77.44	155.65
Total	2,975.07	436.27	4,132.39	3,411.34	8,631.08	17,570.33
Less : Inter segment Revenue
Net Segment Revenue	2,975.07	436.27	4,132.39	3,411.34	8,631.08	17,570.33
Segment Result (Profit before Finance Cost and Tax)
Textiles(i)	104.57	(74.89)	188.57	29.68	342.14	1,123.44
(ii) Windmill	158.90	86.04	82.40	244.94	127.80	154.32
(iii) Real Estate	23.67	20.40	33.66	44.07	69.24	137.90
Total	287.14	31.55	304.63	318.69	539.18	1,415.66
Less : Finance cost
Textiles(i)	72.15	68.00	46.87	140.15	101.32	343.36
(ii) Windmill	42.68	37.44	(1.33)	80.12	6.98	90.44
(iii) Real Estate	16.02	11.64	0.29	27.66	8.12	42.30
Total	130.85	117.08	45.83	247.93	116.42	476.10
Less : Unallocable Expenses	6.26	4.16	6.72	10.42	13.56	59.33
Profit Before Tax	150.03	(89.69)	252.08	60.34	409.20	880.24
Segment Assets
(i) Textiles	8,907.79	8,835.64	8,821.26	8,907.79	8,821.26	8,957.29
(ii) Windmill	2,380.33	2,358.52	1,065.92	2,380.33	1,065.92	2,356.44
(iii) Real Estate	1,494.99	1,487.47	1,484.07	1,494.99	1,484.07	1,488.32
Add: Unallocable Assets	3.43	3.83	1.10	3.43	1.10	5.44
Total Assets	12,786.54	12,685.46	11,372.35	12,786.54	11,372.35	12,807.49
Segment Liabilities
(i) Textiles	4,029.58	4,042.59	3,465.29	4,029.58	3,465.29	4,115.37
(ii) Windmill	1,370.95	1,370.74	1,022.00	1,370.95	1,022.00	1,338.17
(iii) Real Estate	448.23	436.53	409.75	448.23	409.75	427.22
Add: Unallocable Liabilities	729.29	680.88	579.04	729.29	579.04	693.79
Total Liabilities	6,578.05	6,530.74	5,476.08	6,578.05	5,476.08	6,574.55

Notes on Segment Information

1. Segment Revenue, Segment Results represent amount identifiable to each of the Segments. Other "unallocable expenses" mainly includes corporate expenses on common services not directly identifiable to individual segments.

2. Segment-wise bifurcation of Assets and Liabilities for Textiles Business, Windmill Business and Real Estate Business are shown to the extent identifiable, other assets and liabilities jointly used by all segments are shown as unallocable.

3. The figures of previous quarter / year have been re-grouped / restated wherever necessary.

Place : Coimbatore Date: 13.11.2020

M ਵੇ ų Raja St

Order of the Board sd/- Giulia Bosco DIN: 01898020 Whole-Time Director

LAMBODHARA TEXTILES LIMITED CIN L17111 TZ 1994 PLC 004929

Regd. Office: 3A, 3rd Floor, B Block, Pioneer Apartments

1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083

Email & Investor Grievance ID : info@lambodharatextiles.com Web: www.lambodharatextiles.com

		(Rs. in Lakhs)
S.No.		As at 30th	As at 31st March
	Particulars	September 2020	2020
		Unaudited	Audited
А	Assets
$\mathbf{1}$	Non-Current Assets
	a) Property, Plant and Equipment	6,330.84	6,699.37
	b) Right to use Assets	2.01	3.07
	c) Capital work-in-progress	70.11	44.66
	d) Investment Property	1.434.41	1,439.57
	e) Financial Assets
	i) Investments	0.05	15.96
	ii) Other Financial Assets	66.52	63.15
	f) Current Tax Assets (Net)	7.62	7.62
	g) Other Non-Current Assets	142.98	166.15
	Total Non-Current Assets	8,054.54	8,439.55
$\overline{z}$	Current Assets
		1,483.74	1,493.22
	a) Inventories
	b) Financial Assets	754.79	1,170.89
	i) Trade Receivables
	ii) Cash and Cash Equivalents	519.58	934.18
	iii) Bank Balances other than Cash and Cash Equivalents	1,106.71	208.85
	iv) Loans	1.80	1.78
	v) Other Financial Assets	10.41	4.15
	c) Other Current Assets	854.97	554.87
	Total Current Assets	4,732.00	4,367.94
	Total Assets	12,786.54	12,807.49
B	EQUITY AND LIABILITIES
$\mathbf{1}$	Equity
	a) Equity Share capital	478.88	478.88
	b) Other Equity	5,729.61	5,754.06
	Total Equity	6,208.49	6,232.94
$\overline{2}$	LIABILITIES
	Non-current liabilities
	a) Financial Liabilities
	i) Borrowings	3,540.29	3,681.07
	ii) Other Financial Liabilities	57.27	52.29
	b) Provisions	98.66	98.66
	c) Deferred Tax Liabilities (Net)	568.32	541.50
	d) Other Non-Current Liabilities	95.26	109.81
	Total Non-Current Liabilities	4,359.80	4,483.33
	Current Liabilities
	a) Financial Liabilities
	i) Borrowings	0.25	322.94
	ii) Trade Payables
	a) Total outstanding dues of Micro Enterprises and small Enterprises	47.67	51.19
	b) Total outstanding dues of Creditors other than Micro Enterprises
	and small Enterprises	541.66	474.76
	iii) Other Financial Liabilities	1,248.30	874.62
	b) Provisions	7.58	7.58
	c) Liability for Current Tax (Net)	156.69	146.62
	d) Current Tax Liabilities	216.10	213.51
	Total Current Liabilities	2,218.25	2,091.22
	Total Fourier and Liabilities	12.786.54	1280749

$M$

Rered

Courtant

Raja St: CBE

a/o.

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GETIMI

Statement of Assets and Liabilities as at 30th September, 2020

Place : Coimbatore Date: 13.11.2020

$\mu$ Order of the Board BÝ sd/- Giulia Bosco DIN: 01898020

Whole-Time Director

LAMBODHARA TEXTILES LIMITED

CIN L17111 TZ 1994 PLC 004929

Regd. Office: 3A, 3rd Floor, B Block, Pioneer Apartments 1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083

Email & Investor Grievance ID : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Cash Flow Statement for the period ended 30th September 2020

	(Rs. in Lakhs)
	Period ended 30th	Period ended 30thSeptember 2019
PARTICULARS	September 2020
	Unaudited	Unaudited
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit before exceptional items and tax	60.34	409.20
Adjustments for:
Depreciation and amortisation expenses	375.68	349.60
Finance cost	247.93	116.42
Unrealised exchange difference	(0.71)	(2.51)
Interest Income	(31.97)	(18.84)
(Profit) / loss on sale of fixed assets (net)	5.27
Operating Profit before working capital changes	656.54	853.87
Adjustments for:
(Increase)/decrease in Trade & other receivables	87.92	447.93
(Increase)/decrease in inventories	9.48	116.09
Increase/(Decrease) in trade & other Payables	94.97	(163.00)
Increase/(Decrease) in provisions		(0.50)
	848.91	1,254.39
Less: Direct Tax Paid (net of Refunds)	10.07	84.24
	838.84	1,170.15
Less: Exceptional Items
Net Cash (used in)/generated from operating activities after
exceptional items	838.84	1,170.15
B. CASH FLOW FROM INVESTING ACTIVITIES
Sale of Trade Investments	15.91	13.50
Sale proceeds of property, plant and equipment	13.90
Interest received	25.71	19.02
Purchase of Property, Plant and equipment	(45.55)	(68.95)
Investment in certificate of deposit	(850.00)
Net cash (used in )/ generated from investing activities	(840.03)	(36.42)
C. CASH FLOW FROM FINANCING ACTIVITIES
Repayment of/Proceeds from long term borrowings	217.16	(229.11)
Repayment of short term borrowings	(322.69)	(667.08)
Dividend paid	(47.91)	(95.78)
Dividend distribution tax		(19.69)
Interest paid	(258.83)	(119.33)
Principal Payment of Lease Liabilities	(1.04)
Interest paid on Lease Liabilities	(0.10)
Net cash (used in )/ generated from financing activities	(413.41)	(1, 130.99)
Net increase/decrease in cash and cash equivalents {A+B+C}	(414.60)	2.74
Add: cash and cash equivalents at beginning of the period	934.18	57.13
Cash and cash equivalents at end of the period	519.58	59.87
Cash & Cash equivalents as per Balance Sheet	519.58	59.87
Cash and Cash equivalents as per cash flow Statement	519.58	59.87

Place: Coimbatore Date: 13.11.2020

tanı

Raja

MR/ $l\sigma$ Ber of the Board sd/- Giulia Bosco DIN: 01898020 Whole-Time Director OFITED

Sarada Buitding . 1st Ftoor 410, Raja Street, COIMBATORE ' 641001 8 2393540, 2381273, 4393540 e-mai[ : jainramani@yahoo.co.in PAN : AACFJ83198

INDEPENDENT AUDITOR'S REVIEW RTPORT ON REVIEW OF INTERIM STANDAI.ONT FINANCIAL RESULTS

The Board of Dire.tors Lambodhara Textiles Limited 3'A, 'B' Block, 3'd Floor, Pioneer Apartments, 1075 B, Avinashi Road, Coimbatore - 641 018

• 1. We have reviewed the accompanying statement of Standalone Unaudited Financial Results of Lambodhara Textiles Limited ("the Company"), for the quarter and half year ended September 30, 2020 ("the Statement"L being submitted by the Company pursuant to the requirement of Regulation 33 ot the SEBI (ListinB Oblgations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which as the responsibiljty of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordanc€ with the recognition and measurement principles laid down in the lndian Accountint Standard 34 "lnt€rim Flnancial ReportinB" ("ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in lndia. Our responsibility is to express d conclusron on [he Statement based on our revrew.
• I We conducted our review ofthe statement in accordance with the Standard on Review Engagement (SRE) 2410 'R€view of lnterim Finan€ial lnformation performed by the independent Auditor of the Entity', issued by the Institute of Chartered Accountants of lndia (lCAl)- A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applyinB analytical and other review procedures. A review is substantially iess in scope than an audit conducted in accordance with Standards on Auditing specified under Seation 143 (10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significaflt matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• I Eased on our review conducted as stated in paragraph 3 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 the aforesaid lndian Accounting Standard and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclospd in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For lain & Mohan Chartered Accountants FRN oo58g5s -T

e A-;d^4-!* C. Amrit6alalJain

Partner M.No.023050 uDrN :26o2366oAAAA

Date: 13rf November 2o2o Place: coimbatore