Lambodhara Textiles Ltd. — Interim / Quarterly Report 2022

Nov 12, 2021

Lambodhara Textiles Limited

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

November 12, 2021

$To$

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

Ref: Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Symbol: LAMBODHARA Series : EQ

Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e., Friday, 12th November, 2021 has, inter alia, approved the followings:

• 1. Unaudited Financial Results for the Quarter ended 30th September, 2021 along with the limited review report issued by M/s Jain & Mohan, Chartered Accountants, Statutory Auditors of the Company.
• 1. Approved the Capacity Addition Plan with Capital Expenditure, a mix of internal accruals and bank loan. The disclosure as required pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is as follow:

Existing capacity	36,968 Spindles
Existing capacity utilization	100%
Proposed capacity addition	9,984 Spindles
Period within which the proposed capacity is to
be added	1.5 year to 2 years
Investment required	Rs.9.08 Crores
Mode of financing	Mixed of Bank Loan and
	internal accruals
	Capacity utilization is
	100%, therefore to cater
	the demand of the market
	new machineries are
	proposed to be added.
	Rational

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

Lambodhara Textiles Limited

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

Kindly take the same on record

Thanking you

Yours faithfully For Lambodhara Textiles Ltd.,

Bosco Guilia DIN: 01898020 Whole-Time Director

Encl:a.a

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

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 30.09.2021

		Quarter Ended			Six Months Ended		(RS. In Lakns)Year Ended
S.No.	Particulars	30.09.202030.06.202130.09.2021		30.09.202130.09.2020		31.03.2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Income:
1	Revenue from Operations	5,032.83	3,128.82	2,938.17	8,161.65	3,350.97	11,826.96
$\overline{2}$	Other Income	71.38	58.74	36.90	130.12	60.37	146.69
3	Total Revenue (1+2)	5,104.21	3,187.56	2,975.07	8,291.77	3,411.34	11,973.65
4	Expenses:
	(a) Cost of materials consumed	2,345.12	1,817.64	1,047.79	4,162.76	1,667.87	5,045.95
	(b) Purchase of Stock-in-Trade	170.49	154.34	171.94	324.83	183.75	850.39
	(c) Changes in Inventories of Finished Goods, Stock-in-Trade
	& Work-in-Process	400.52	(421.44)	509.18	(20.92)	(327.20)	287.30
	(d) Employee Benefit Expense	403.96	242.45	188.03	646.41	277.16	771.91
	(e) Finance Cost	(62.34)	136.02	130.85	73.68	247.93	294.70
	(f) Depreciation & Amortization Expenses	178.35	175.66	188.04	354.01	375.68	688.84
	(g) Other expenses
	- Manufacturing and operating	739.91	503.87	403.02	1,243.78	675.39	1,800.15
	(Stores and spares consumed, Conversion charges, power and
	- Others	315.75	185.28	186.19	501.03	250.42	753.39
	Total Expenses	4,491.76	2,793.82	2,825.04	7,285.58	3,351.00	10,492.63
5	Profit before Exceptional Items and Tax (3-4)	612.45	393.74	150.03	1,006.19	60.34	1,481.02
6	Exceptional items
$\overline{7}$	Profit Before Tax (5+6)	612.45	393.74	150.03	1,006.19	60.34	1,481.02
8	Tax expenses :
	(a) Current tax	108.31	69.42	10.07	177.73	10.07	268.20
	(b) Deferred tax	40.58	24.41	38.30	64.99	26.83	154.04
	(c) Tax in respect of earlier years	1.63			1.63
9	Profit/(Loss) After Tax for the period (7-8)	461.93	299.91	101.66	761.84	23.44	1,058.78
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						(6.31)
	B. Items that will be reclassified to Profit or Loss
	(I) Remesurements of Fair value of investments in bonds	(35.34)	7.75		(27.59)		(14.29)
11	Total comprehensive income for the period (9+10)	426.59	307.66	101.66	734.25	23.44	1.038.18
12	Paid-up equity share capital (Face Value of Rs.5/- each)	518.88	518.88	478.88	518.88	478.88	518.88
13	Reserves Excluding Revaluation Reserves as per Balance
	Sheet of previous accounting year						6,320.54
14	Earnings per Equity Share
	a) Basic	4.45	2.89	1.06	7.34	0.24	10.95
	b) Diluted	4.45	2.89	1.06	7.34	0.24	10.95

Notes:

1. The above financial results have been reviewed by the Audit Committee at their meeting on 12th November 2021 and approved by the Board of Directors at their meeting held on 12th November 2021.

2. 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

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

4. 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.

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

By 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

Segmentwise Revenue, Results, Assets and Liabilities for the quarter and six months ended 30.09.2021

						(Ks. in Lakhs)
		Quarter Ended			Six Months Ended
Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
(i) Textiles	4,782.27	2,988.43	2,730.69	7,770.70	3,004.16	11,309.93
(ii) Windmill	286.38	170.31	215.09	456.69	354.08	549.94
(iii) Real Estate	35.56	28.82	29.29	64.38	53.10	113.78
Total	5,104.21	3,187.56	2,975.07	8,291.77	3,411.34	11,973.65
Less : Inter segment Revenue
Net Segment Revenue	5,104.21	3,187.56	2,975.07	8,291.77	3,411.34	11,973.65
Segment Result (Profit before Finance Cost and Tax)
(i) Textiles	298.33	396.75	104.57	695.08	29.68	1,394.30
(ii) Windmill	228.07	113.77	158.90	341.84	244.94	330.25
(iii) Real Estate	30.02	25.76	23.67	55.78	44.07	95.89
Total	556.42	536.28	287.14	1,092.70	318.69	1,820.44
Less : Finance cost
Textiles(i)	(39.75)	84.13	72.15	44.38	140.15	163.62
(ii) Windmill	(17.37)	37.95	42.68	20.58	80.12	96.88
(iii) Real Estate	(5.22)	13.94	16.02	8.72	27.66	34.20
Total	(62.34)	136.02	130.85	73.68	247.93	294.70
Less : Unallocable Expenses	6.31	6.52	6.26	12.83	10.42	44.72
Profit Before Tax	612.45	393.74	150.03	1,006.19	60.34	1,481.02
Segment Assets
(i) Textiles	10,761.21	10,413.08	8,907.79	10,761.21	8,907.79	10,196.54
(ii) Windmill	2,271.55	2,237.38	2,380.33	2,271.55	2,380.33	2,238.57
(iii) Real Estate	1,468.60	1,474.31	1,494.99	1,468.60	1,494.99	1,468.80
Add: Unallocable Assets	5.39	1.52	3.43	5.39	3.43	2.05
Total Assets	14,506.75	14,126.29	12,786.54	14,506.75	12,786.54	13,905.96
Segment Liabilities
(i) Textiles	3,904.46	3,604.70	4,029.58	3,904.46	4,029.58	3,733.02
(ii) Windmill	1,016.17	1,121.34	1,370.95	1,016.17	1,370.95	1,170.88
(iii) Real Estate	402.51	424.09	448.23	402.51	448.23	426.62
Add: Unallocable Liabilities	944.71	1,060.07	729.29	944.71	729.29	967.01
Total Liabilities	6,267.85	6,210.20	6,578.05	6,267.85	6,578.05	6,297.53

Notes on Segment Information

Place: Coimbatore

Date: 12.11.2021

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.

arternd

By Order of the Board sd/- Giulia Bosco DIN: 01898020 m 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

Statement of Assets and Liabilities as at 30th September, 2021

S.No.AssetsА$\mathbf{1}$$\overline{2}$	ParticularsNon-Current Assetsa) Property, Plant and Equipmentb) Right to use Assetsc) Capital work-in-progressd) Investment Propertye) Financial Assetsi) Investmentsii) Other Financial Assetsf) Current Tax Assets (Net)g) Other Non-Current AssetsTotal Non-Current AssetsCurrent Assetsa) Inventoriesb) Financial Assets	September 2021Unaudited6,766.254.29155.061,424.100.05153.9721.1576.798,601.66	2021Audited6,763.270.95148.851,429.250.05168.3621.16104.738,636.62
		1,119.06	1,451.20
	i) Investments	2,168.37	1,307.28
	ii) Trade Receivables	1,013.83	757.54
	iii) Cash and Cash Equivalents	629.61	132.43
	iv) Bank Balances other than Cash and Cash Equivalents	18.26	708.05
	v) Loans	1.13	0.97
	vi) Other Financial Assets	24.05	23.46
	c) Other Current Assets	930.78	888.41
	Total Current Assets	5,905.09	5,269.34
	Total Assets	14,506.75	13,905.96
B	EQUITY AND LIABILITIES
$\mathbf{1}$Equity
	a) Equity Share capital	518.88	518.88
	b) Other Equity	7,720.02	7,089.55
	Total Equity	8,238.90	7,608.43
$\overline{2}$	LIABILITIES
	Non-current liabilities
	a) Financial Liabilities
	i) Borrowings	2,896.56	3,298.04
	ii) Other Financial Liabilities	64.80	63.89
	b) Provisions	136.05	124.05
	c) Deferred Tax Liabilities (Net)	760.53	695.54
	d) Other Non-Current Liabilities	81.51	80.22
	Total Non-Current Liabilities	3,939.45	4,261.74
	Current Liabilities
	a) Financial Liabilities
	i) Borrowings	225.28
	ii) Trade Payables
	a) Total outstanding dues of Micro Enterprises and small Enterprises	66.61	56.25
	b) Total outstanding dues of Creditors other than Micro Enterprises
	and small Enterprises	406.63	385.26
	iii) Other Financial Liabilities	1,255.47	1,171.33
	b) Provisions	10.70	10.70
	c) Liability for Current Tax (Net)	177.73	268.20
	d) Current Tax Liabilities	185.98	144.05
	Total Current Liabilities	2,328.40	2,035.79
	Total Equity and Liabilities	14,506,75	13,905.96
	&
	MONTIAIN
	Charyere	By/	Order of the Board

Accountants

$9/85 + 686$

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 2021
--------------------------------------------------------------	--

	Period ended 30th	Period ended 30th
PARTICULARS	September 2021	September 2020
	Unaudited	Unaudited
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit before exceptional items and tax	1,006.19	60.34
Adjustments for:
Depreciation and amortisation expenses	354.01	375.68
Finance cost	73.68	247.93
Unrealised exchange difference	(4.08)	(0.71)
Fair valuation of Investments	(16.20)
Interest Income	(82.83)	(31.97)
(Profit) / loss on sale of mutual funds	(0.03)
(Profit) / loss on sale of fixed assets (net)	(1.22)	5.27
Operating Profit before working capital changes	1,329.52	656.54
Adjustments for:
(Increase)/decrease in Trade & other receivables	435.42	87.92
(Increase)/decrease in inventories	332.14	9.48
Increase/(Decrease) in trade & other Payables	177.88	94.97
Increase/(Decrease) in provisions	12.00
	2,286.96	848.91
Less: Direct Tax Paid (net of Refunds)	269.83	10.07
	2,017.13	838.84
Less: Exceptional Items
Net Cash (used in)/generated from operating activities after
exceptional items	2,017.13	838.84
B. CASH FLOW FROM INVESTING ACTIVITIES		15.91
Sale of Trade Investments	1.22	13.90
Sale proceeds of property, plant and equipment	1.19
Sale of Mutual Funds	82.83	25.71
Interest received	(361.39)	(45.55)
Purchase of Property, Plant and equipment	(773.63)
Investments in Bonds	(100.00)
Investments in Mutual Funds		(850.00)
Investment in certificate of deposit
Net cash (used in )/ generated from investing activities	(1, 149.78)	(840.03)
C. CASH FLOW FROM FINANCING ACTIVITIES
(Repayment of)/Proceeds from long term borrowings	(426.36)	217.16
(Repayment of)/Proceeds from short term borrowings	225.29	(322.69)
Dividend paid	(93.57)	(47.91)
Interest paid	(74.39)	(258.83)
Principal Payment of Lease Liabilities	(1.11)	(1.04)
Interest paid on Lease Liabilities	(0.03)	(0.10)
Net cash (used in )/ generated from financing activities	(370.17)	(413.41)
Net increase/decrease in cash and cash equivalents {A+B+C}	497.18	(414.60)
Add: cash and cash equivalents at beginning of the period	132.43	934.18
Cash and cash equivalents at end of the period	629.61	519.58
Cash & Cash equivalents as per Balance Sheet	629.61	519.58
Cash and Cash equivalents as per cash flow Statement	629.61	519.58

AVO. Place : Coimbatore Date: 12.11.2021

Chartered

Accelantants

Raja St. CBE

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

Sarada Buitding - 1st Floor 410, Raia Street, COII MTORE - 641 001 a 2393540, 2381273,,r393540 e-mait : jainramani@yahoo.co.in PAN : AACFJSI'I9B

INDEPENDENT AUDITOR'S REVIEW REPORI ON RTVIEW OF INTERIM STANDALONE FINANCIAL RESUI,TS

Jain 6 Mohan

CHARTERED ACCOUNTANTS

The Board of Darectors Lambodhara Textiles Limited CIN: 117111T21994PtC004929 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, 2021 ("the Statement"), beinS submitted by the Company pursuant to the requirement of Regulation 33 of the SEB| (tistin8 Obligations and Disclosure Requirements) ReEulations, 2015, as amended-
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Eoard of Directors, has been prepared in accordance with the reco8nition and measurement principles laid down in the lndian Accounting Standard 34 "lnterim Financial Reporting" ("lnd AS 34"), prescribed under section 133 of the Companies Act, 2013 read with .elevant rules issued thereunder and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Statement based on
• 1. We conducted our review of the statement in ac.ordance with the Standard on Review Engagement (SRE) 2410 'Review of lnterim Financial lnformation performed by the lndependent Auditor of the Entity, issued by the Institute of Chartered Accountants of lndia (lCAl). A review of interim financial information consists of making inquirips, primarily of the Company's personne 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 specified under Section 143 (10) of the Companies Act, 2013 and consequendy does not enable us to obtain assurance that we would become aware of all si8nificant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based 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 penerally accepted in lndia, has not disclosed the information required to be disciosed in terms of Re8ulation 33 of the SEBI (ListinS Obligations and Disclosure Requirements) ReSulations, 2015, as amended, includingthe manner in which it is to be disclosed, orthat at conlains any material misstatement.

ForJain & Mohan chartered Accountants FRN 00K6s

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A. Vishallain Partner M.No.227054 uorN & l&rYo6AA ra ar448q !

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Dater l2-11-2021 Place: Coimbatore