Likhitha Infrastructure Limited

LIKHITHA INFRASTRUCTURE LIMITED �1

Date: October 31, 2020

To To BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) Mumbai-400 001 Mumbai-400 051 Scrip Code: 543240 Scrip Symbol: LIKHITHA

Sub: Unaudited Financial Results for the quarter and half year ended September 30, 2020.

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at its meeting held today i.e. on Saturday, October 3 I, 2020, considered and approved the following.

I. The Unaudited Financial Results for the quarter and half year ended September 30, 2020 pursuant to Regulation 33(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The said Financial Results along with the Limited Review Report is enclosed herewith as Annexure-1.

The above information is available on the website of the Company: www.likhitha.co.in

The Meeting Commenced at 05.30 P.M. and concluded at 07.00 P.M.

This is for your information and records.

Thanking You,

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For Likhi�nfrastructure Limited,
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Santhosh Kumar Gunemoni
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Company Secretary and Compliance Officer
M. No. A60103
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�� - �-� ri\1 Reg No. RO91/7990 -· G &11

{formerly known as Likhitha Infrastructure Private Limited) GIN : U45200TG 1998PLC029911

Regd. Office: Flat No.701, Plot No. 8-3-940&8-3-940/AtoE, Tirumalashah Residency, Yellareddy Guda, Ameerpet, Hyderabad - 73. Ph. 040-23752657, 040-23732641 E-mail: [email protected], [email protected] Website: www.likhitha.co.in

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NSVR & ASSOCIATES LLP., CHARTERED ACCOUNTANTS

Independent Auditor's Report on Quarterly and Year to Date Unaudited financial Results of M/s LIKHITHA INFRASTRUCTURE LIMITED pursuant to Regulation 33 of the SEBI (Listing and Obligations and Disclosure Requirements) Regulations, 2015.

To the Board of Directors ofLIKHITHA INFRASTRUCTURE LIMITED

LIKHITHA We have reviewed the accompanying statement of unaudited financial results of INFRASTRUCTURE LIMITED ('The Company') for the quarter ended September 30, 2020 and for the period Jrom 1 st April 2020 to 30 th September 2020. This statement is the responsibility of the company's management and has been approved by the board of directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review of the Statement in accordance with the Standards on Review Engagement (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the entity' issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free from material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly we do not express an audit opinion.

Based on our review conducted as stated 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 applicable Indian accounting standards specified under section 133 of the Companies Act, 2013, read with relevant rules issued there under and other recognized accounting principles and policies has not disclosed the information required to be disclosed in terms of the regulation 33 of the SEBI (Listing Obligations and disclosure requirements) regulations, 2015 including the manner in which it is to be disclosed or that it contains any material misstatements ..

For NSVR & Associates LLP

Chartered Accountants FRN:00880 �I - C Partner � Membership No.22687 UDIN: 20226870AAAAGF1477

Place: Hyderabad Date: 31/10/2020.

Flat No. 101, Nestcon Gayatri, Plot No. 28, Near South Indian Bank, Panchavati Co-Operative Society, Road No. 10, Banjara Hills. Hyderabad, Telangana - 500 034, Ph: 040 - 23391164, E-mail: [email protected]

Registered Oflicc:Flat No.701,Plot No 8-3-940 And 8-3-940/A to E, Tirumala Shah Residency,Yelh1reddy Gnda, Ameerpet Hyderabad Telangana 500073 (CIN: U45200TGl998PLC02991 I)

Rs.in Lnkhs

		(CIN: U45200TGl998PLC02991 I	(CIN: U45200TGl998PLC02991 I	)			Rs.in Lnkhs
	Financial	results for the quarter and Im If-year ended		September 30, 2020
		Quarter ended	Quarter ended	Quarter ended	Half-Year ended	Half-Year ended	Year ended
S No	Pnrticulars	September 30,2020	,June 30,2020	Se11tem her 30,2019	September 30,2020	September 30,20 I 9	March 31,2020
		Un Audited	Un Audited	Un Audited	Un Audited	Un Audited	Audited
I	Income
	a) Revenue from Operations	4,146.76	1,696.18	3,872.18	5,842.94	7,191.21	16,123.83
	Total Revenue from operations	4,146.76	1,696.18	3,872.18	5,842.94	7,191.21	16,123.83
	b) Other Income	19.08	11.70	23.93	30.78	56.72	155.19
	Total Income	4,165.84	1,707.88	3,896.11	5,873.72	7,247.93	16,279.02
2	Expenses
	a) Raw Material Consumed	530.73	256.15	871.14	786.89	1,591.83	3,713.49
	b) Construction expenses	1,393.91	458.65	1,571.43	1,852.55	2,639.11	6,503.20
	c) Changes in inventories of work-in-progress	581.95	(45.22)	(84.22)	536.73	121.46	(477.60)
	d) Employee benefits	744.55	690.91	742.10	1,435.47	1,424.45	2,904.28
	e) Finance cost	25.80	5.25	51.70	31.06	71.92	136.40
	f) Depreciation	57.45	55.99	69.78	113.44	135.60	309.38
	g) Other expenses	125.23	98.75	113.76	223.98	203.47	513.29
	Totnl Expenses (a tog)	3,459.63	1,520.48	3,335.69	4,980.11	6,187.85	13,602.46
3	Profit before tax ( 1-2)	706.21	187.40	560.42	893.60	1,060.08	2,676.56
4	Tnx expenses
	- Income Tax	164.07	51.66	147.96	215.73	294.56	732.22
	- Deferred Tax	5.45	27.11	(42.63)	32.55	(42.63)	(73.97)
5	Net Profit for the period (3-4)	536.70	108.63	455.08	645.32	808.15	2,018.32
6	Other comprehensive income
	a) (i) Items that will not be reclassified to profit or loss			( 11.26)		(11.26)	(15.41)
	(ii) Income tax relating to items that will not be reclassified to profit or
	loss			2.84		2.84	3.88
	b) (i) Items that will be reclassified to profit or loss
	(ii) Income tax relating to items that will be reclassified to profit or loss
	Total other comprehensive income			(8.43)		(8.43)	(I 1.53)
7	Totnl Comprehensive income (5 +6)	536.70	108.63	446.65	645.32	799.72	2,006.78
8	Paid-up Equity Share Capital	1,462.50	1,462.50	1,462.50	1,462.50	1,462.50	1,462.50
	(Rs. I 0/- per Equity Share)
9	Other Equity						5,533.08
JO	Earnings per share
	(Face Value of Rs.10/- each);
	(a) Basic (in Rs.)	3.67	0.74	3.11	4.41	5.53	13.80
	(b) Diluted (in Rs.)	2.87	0.55	2.26	3.27	4.05	10.17

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Notes

a)The financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting standards) Rules. 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) rules 2016.

b) The above Financial results recommended by the Audit Committee are considered and approved by the Board of Directors at their meeting held on 31st October , 2020.

c) The above statement have been prepared to the extent applicable, 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 Polices adopted by the Company w.e.f.01.04.2017. The financial results of the previous periods duly complied with Ind AS have not been subjected to review or audit, however, the Management has exercised necessary diligence to ensure that the financial results provide a true and fair view of the Company's affairs. d) The Statutory Auditors of the Company have carried out "Limited Review" of the above unaudited financial results and their Report has been placed before the Board at the said Meeting as required under Regulation 33 of SEBI (LODR) Regulations, 2015.

e)Estimation uncertainty relating to the global health pandemic on COVID-19 The management has considered the possible effects, if any, that may result from the pandemic relating to COVID - 19 on the carrying amounts of trade receivables & Work in progress. In assessing the recoverability of receivables, the Company has considered internal and external information upto the date of approval of these financial results including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial results and the Company will continue to closely monitor any material changes and future economic conditions.

t) The operations were affected for the first quarter ended June 30, 2020 on account of lock-down caused due to COVID-19 pandemic. In the second quarter, the Company reached to normalcy in its works at most of the sites. g) The entire operations of the Company relate to only one segment viz., laying of gas pipe lines and development of allied infrastructure. Hence segmental reporting as per Ind AS I 08 is not made. h) The financials results for the quarter ended 30th September 2020 are also available on the Bombay stock exchange website, the National stock exchange website and on the company's website. i) During the financial year the company has successfully completed its Initial Public Offer(IPO) of 51,00,000 equity shares of Rs. I 0/- each at a price of Rs.120/- per share (including a premium of 110 per share). Shares offered in IPO were allotted on 12th October 2020 and listed on 15th October 2020. With this allotment the paid up share capital has become Rs.1972.50 Lakhs.

j)Basic EPS is calculated based on the outstanding shares as on 30.09.2020 and Diluted EPS is calculated after taking into account 51,00,000 shares alloted in the IPO. For and on Behalf of Board of Directors Likhitha Infrastructure Limited Date: 3 I. I 0.2020 I - Place: Hyderabad (G Srinivasa Rao)

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For and on Behalf of Board of Directors
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Likhitha Infrastructure Limited
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(G Srinivasa Rao) c)
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DIN: 01710775
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