LLOYDS ENGINEERING WORKS LIMITED — Interim / Quarterly Report 2021

Oct 18, 2021

LLOYDS STEELS INDUSTRIES LIMITED

Corporate Office :A-2, Madhu Estate, 2™ Floor, Pandurang Budhkar Marg. Lower Parel (W), Mumbai 400 013. Tels 91-22-6291 8111 email: infoengelovds.in. website: www lloydsengg.in CIN : L28900MH1994PL.CO8 1235

MP/LSIL/BSEL-NSEL/2021/72

Tels 91-22-6291 8111	LLOYDS STEELS INDUSTRIES LIMITEDCorporate Office :A-2, Madhu Estate, 2™ Floor, Pandurang Budhkar Marg. Lower Parel (W), Mumbai 400 013.email: infoengelovds.in. website: www lloydsengg.in CIN : L28900MH1994PL.CO8 1235
MP/LSIL/BSEL-NSEL/2021/72	18.10.2021
The Department of CorporateServices,BSE Limited27th Floor, P.J. Towers, Dalal Street,Mumbai- 400 001	The National Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra (East), Mumbai- 400 051
539992Scrip Code:	Symbol: LSIL

Dear Sir,

Sub.: Standalone Financial Result for 2:4 Quarter/Half Year Ended 30th September, 2021 under Regulation 33 (3) (a) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 along with Limited Review Report of the Statutory Auditors.

With reference to the above subject and pursuant to the provision of Regulations 33(3)({a) of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we are furnishing herewith the Standalone Financial Result for the 2nd Quarter/Half Year Ended 30th September, 2021 of our Company along with the Limited Review Report of the Statutory Auditors of the Company.

The meeting commenced at 4.30 P.M. and concluded at 5:00 P.M.

We request you to kindly take a note of the same in your records.

Thanking You, Yours faithfully,

For Lloyds Steels Industries Lintttéd WOODS

Meenakshi A. Pansari Company Secretary

LLOYDS STEELS INDUSTRIES LIMITED

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2021

	LLOYDS STEELS INDUSTRIES LIMITED
	Regd Off.: PLOT NO. A 5/5, MIDC INDUSTRIAL AREA, MURBAD, DIST. THANE: 421401.Phone no: +91-2524 222271 E-mail: infoengg@lloyds.in
	CIN: L28900MH1994PLC081235. Website: www.lloydsengg.in
	UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED SEPTEMBER 30, 2021						(Rs. In Lakhs)
			For the Quarter Ended			For The Half Year Ended	Year Ended
Sr.No.	Particulars	September30, 2021	June 30,2021	September30, 2020	September30, 2021	September30, 2020	March 31,2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
T	Revenue From Operations	736.52	519.70	1,638.19	1,256.22	2,637.43	7,005.09
$\mathsf{I}$Ш	Other IncomeTotal Revenue (I+II)	174.96911.48	237.67757.37	176.331,814.52	412.631,668.85	361.952,999.38	1,309.378,314.46
IV	Expenses
	a) Cost of Materials Consumed	111.43	233.38	3,448.78	344.81	3,464.34	3,982.30
	b) Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade	(65.15)	(166.74)	(2,696.52)	(231.89)	(2, 206.26)	250.21
	c) Employee Benefits Expense	355.87	319.44	319.27	675.31	563.06	1,258.33
	d) Manufacturing and Other Expensese) Finance Cost (Ref. Note No. 4)	267.7513.52	427.5813.21	627.7613.81	695.3326.73	979.2326.44	2,517.7676.81
	f) Depreciation & Amortisation Expense (Ref. Note No. 4)	32.84	31.31	43.08	64.15	85.90	159.49
	Total Expenses (a to f)	716.26	858.18	1,756.18	1,574.44	2,912.71	8,244.90
V	Profit / (Loss) before Exceptional Items and Tax (III-IV)	195.22	(100.81)	58.34	94.41	86.67	69.56
VI	Exceptional Items	$\bullet$	$\bullet$	$\overline{\phantom{a}}$	$\sim$	ŵ.	×.
VIIVIII	Profit / (Loss) before Tax (V-VI)Tax Expense - Current Tax	195.22	(100.81)	58.34	94.41	86.67	69.56
	- Deferred Tax Expenses / (Income)				$\omega$	$\frac{1}{2}$	19.19
IX	- Deferred Tax ReversalsProfit / (Loss) for the period (VII-VIII)	195.22	(100.81)	58.34	94.41	86.67	50.37
	Other Comprehensive Income (OCI)
X	a) Items that will not be reclassified to Profit & Lossb) Income Tax relating to (a) above	18.98(5.28)	18.98(5.28)	12.58(3.50)	37.96(10.56)	25.16(7.00)	75.91(21.12)
	c) Items that will be reclassified to profit and loss			×
	d) Income Tax relating to (c) above	¥	ä.	$\blacksquare$	ä,	ä,	$\cdot$
	Total Other Comprehensive Income	13.70	13.70	9.08	27.40	18.16	54.79
XI	Total Comprehensive Income/(loss) for the period$(IX+X)$	208.92	(87.11)	67.42	121.81	104.83	105.16
	Paid up Equity Share Capital (of Re 1/- each)	8,986.98	8,986.98	8,986.98	8,986.98	8,986.98	8,986.98
	Other Equity excluding Revaluation Reserve						2,357.53

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LLOYDS STEELS INDUSTRIES LIMITED

	LLOYDS STEELS INDUSTRIES LIMITED
	STATEMENT OF AFFAIRS AS AT SEPTEMBER 30, 2021		(Rs. In lakhs)
a	Particulars	September 30,2021	March 31, 2021
		( Unaudited )	( Audited )
A	ASSETS
1	Non-Current Assetsa. Property, Plant and Equipment	905.72	922.93
	b. Intangible Assets	95.98	95.98
	c. Right to Use	403.18	385.23
	d. Financial Assets
	- Security Deposits & Others	42.34	25.98
	e. Deferred Tax Assets (Net)	767.88	767,88
	f. Other Non-Current Assets	0.35	0.43
	Sub Total Non-Current Assets	2,215.45	2,198.43
2	Current Assets
	a. Inventories	2,219.06	1,876.54
	b. Financial Assets- Trade Receivables	478.34	882.75
	- Cash and cash equivalents	1,459.41	1,828.89
	- Loans	1,285.41	2,625.50
	- Other current financial Assets	630.99	261.89
	c. Current Tax Assets (Net)	327.10	482.29
	d. Other Current Assets	7,137.12	4,988.63
	Sub Total Current Assets	13,537.43	12,946.49
	TOTAL - ASSETS	15,752.88	15,144.92
B	JEQUITY AND LIABILITIES
1	Equitya. Equity Share Capital	8,986.98	8,986.98
	b. Other Equity	2,479.35	2,357.53
	Total Equity	11,466.33	11,344.51
	LIABILITIES
2	= Non-Current Liabilities
	a. Financial Liabilities
	- Long Term Borrowings	40.37	56.45
	- Provisions- Other long term financial liabilities	348.35428.59	363.11393.97
	Sub Total Non-Current Liabilities	817.31	813.53
3.	Current Liabilities
	a. Financial Liabilities
	i, Trade Payables
	- Micro, Small & Medium Enterprises	0,00	0.00
	- Other Creditors	731.16	721.09
	ii Others	338,60	338.21
	b. Provisionsc. Other Current Liabilities	51.932,347.55	51.931,875.65
	Sub Total Current Liabilities	3,469.24	2,986.88
	Total Liabilities	4,286.55	3,800.41
		15,752.88

LLOYDS STEELS INDUSTRIES LIMITED

	By,
	LLOYDS STEELS INDUSTRIES LIMITEDCIN : L28900MH1994PLC081235. Website : www.lloydsengg.inCASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30,2021
		SEPTEMBER 30,	(Rs, In Lakhs)
	Particulars	2021	eke Ts 2s
A	CASH FLOW FROM OPERATING ACTIVITIES :Profit/(Loss) before Tax	(Unaudited)94.41	(Audited)69.56
	Adjustments For:
	Depreciation and Amortization ExpensesLoss on sale of Property , Plant & Equipment (Net)	41.650,40)	97.380,00
	Remeasurements of the defined benefit liabilities/asset (before tax effects)	37.96	75.91
	Interest IncomeInterest Expenses	(98.84)	(167.45)10.48
	Unrealized Exchange (gain) /Loss (net)OPERATING PROFIT/(LOSS) BEFORE WORKING CAPITAL CHANGES	3.480.0379.09	6.5792.45
	Movements in Working Capital
	Adjustment for Decrease / (Increase) in Inventories	(342.52)	276.26
	Adjustment for Decrease / (Increase) in Trade Receivables,	404.41	4,584.81
	Adjustment for (Decrease) / Increase in Other Current AssetsAdjustment for (Decrease) / Increase in Other Non-Current Assets	{2,151.93}0.08	199.661.60
	Adjustment for Other Financial Assets - Non Current	{16.36}	1.54
	Adjustment for Other Financial Assets - CurrentAdjustment for Other Bank Balances	(356.87)(5.45)	19.74378.12
	Adjustment for Increase / (Decrease) in Trade Payables	13.47	(872.76)
	Adjustment for Increase / (Decrease) in Other Current Liabilities	471,90	260.66
	Adjustment for Provision, CurrentAdjustment for Provision, Non-Current	0.00(14.76)	(125.95)4,99
	Adjustment for Other Financial Liabilities, current	(0.82)	(58.39)
	Adjustment for Other Financial Liabilities, non-currentCASH GENERATED FROM/(USED IN) OPERATIONS.	16.67(1,903.09)	(0.73)1,762.00
	Direct Taxes (Paid) / Net of Refunds:	144.64	(7.94)
	Net Cash Inflow/(Outflow) from Operating activities (A)	(1,758.45)	1,754.06
8	CASH FLOW FROM INVESTING ACTIVITIES :Payment towards capital expenditure (including intangible assets)	(24.84)	(13.69)
	Proceeds from sale of Property, Plant and Equipment	0.00	0.00
	Inter Corporate Deposits (Given) RefundedInterest Received	1,340,0986.61	(1,825.50)162.95
	NET CASH GENERATED FROM/(USED IN) INVESTING ACTIVITIES (B)	1,401.86	(1,676.24)
C	CASH FLOW FROM FINANCING ACTIVITIES :
	Repayment of Long Term Borrowings	(14.76)	(20.52)
	Proceeds from Long Term BorrowingsInterest Paid	(3.58)	(10.63)
	NET CASH GENERATED FROM/(USED IN) FINANCING ACTIVITIES (C)}	(18.34)	(31,175)
	NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C)	(374.93)	46.67
	Cash and cash equivalent at the beginning of the Period	469.48	422.81
	Cash and cash equivalent at the end of the PeriodNet increase/(decrease) in cash and cash equivalents	94,55(374,93)	469,4846.67
	ParticularsComponents of cash and cash equivalents	March 31, 2021	March 31, 2020
	Cash on hand (Including Cheques/Draft on hand)	1.92	4.27
	Balance with Bank inBalance with Schedule Banks in : Current accounts	92,63	465.21
	In Margin Account (Including FDR)	1,364.85	1,359.41
	Cash and Bank balancesLess: Margin money not considered as cash and cash equivalent in cash	1,459.401,364.85	1,828.891,359.41
	flow

Notes :

Notes :
	recommendedby the Audit Committeewere reviewedThe aboveFinancialResultsandand have been approved and taken on record by the Board of Directors at its meeting heldon October 18, 2021
2	accordanceThesepreparedhavebeenrecognitionfinancialresultswithandtheinmeasurementdownReportingprescribedprinciplesInterimFinancialAS34laidIndinCompaniesunderSection2013relevantwithissued133thereadAct,therulesofthereunder and the other accounting principles generally accepted in India.
3	Review ofTheStatutory Auditorshave carriedout LimitedFinancialResultsthefor thequarter and half year ended September 30, 2021.
a	the company has adoptedFor the six monthsEffectiveLeases.April 2019,Ind AS 116 -1September 30,company hasendedrecognized2021,interest onlease liability of Rs.on18.24 lakhs under Finance Cost and depreciation on Right to Use of Rs. 22.49 lakhs underDepreciation & Amortization Expenses.
5	CompanyMediumunderTheregisteredSmallEnterprisesidentifiessuppliersMicro,&made Developmentinformationaccordingly2006sourcingfromsuppliersandAct,byclassification based on available information with the Company.
6	The Company has single business segment namely Engineering Products and Services.
7	{Earning Per Share are not annualised except for the year ended March 31, 2021.
8	Figures have been regrouped or rearranged, wherever necessary.
9	The results for the quarter and half year ended September 30,are available on the2021www.bseindia.com,www.connect2nse.comcompany's websiteBSENSEandonofatatwebsite at www. lloydsengg.in.

PLACE ; MUMBAI DATE : October 18, 2021

MUKESH GUPTA CHAIRMAN DIN 00028347

Todarwal & Todarwal LLP

Chartered Accountants

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Lloyds Steels Industries Limited, Plot No. A 5/5, MIDC Industrial Area, Murbad Thane - 421401

Dear Sirs,

Re: Limited Review Report of the Unaudited Financial Results for the quarter ended 30th September, 2021 and year to date from Ist April, 2021 to 30th September, 2021.

We have reviewed the accompanying Statement of Unaudited Financial Results of Lloyds Steels Industries Limited ("the Company") for the quarter ended 30th September, 2021 and year to date from Ist April, 2021 to 30th September, 2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ('the Regulation') as amended.

This Statement which is the responsibility of the Company's Management and approved by the Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard 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 Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedure applied to financial data and thus provides 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 above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results prepared in accordance with applicable Indian Accounting Standards specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the

Tel: +91-22-22083115 / 22068264 | todarwal@todarwal.com | www.todar ICAI Regn.: W100231 | LLP Regn: AAJ-9964

Todarwal & Todarwal LLP Chartered Accountants

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 misstatement.

For TODARWAL & TODARWAL LLP

Chartered Accountants

Kunal Todarwal

Partner Membership No. - 137804 UDIN: 21137804AAAAGU7795

Place: Mumbai Date: 18'" October, 2021

112, Maker Bhavan No. 3., 1 Floor, 21 New Marine Lines, Mumbai — 400 020. INDIA. Tel: +91-22-22083115 / 22068264 | todarwal@todarwal.com | www.todarwal.com ICAI Regn.: W100231 | LLP Regn: AAJ-9964