MOIL Limited — Annual Report 2019

May 22, 2019

(A Government of India Enterprise)

Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR- 440 013 Website:www.moil.nic.in, E-Maii iD: compliance@moil.nic.in, Ph.: 0712- 2806182, Fax: 0712-2591661 , CIN: 99999MH1962G01012398

CS/NSE-BSE/20 19-20/ Date: 22.05.2019

To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400053

To, Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Dear Sir,

Sub Audited Fina ncial Results for the quarter a nd year ended on 31103/2019 and recommendation of Final Dividend.

Stock Code: NSE: MOIL BSE: 533286 ISIN: INE490G01020

This is further to our letter no. CS/NSE-BSE/20 19-20/72 dated I 0.05.20 19, wherein the Exchange was informed about the date of Board meeting to consider and approve the audited fi nancial results of the Company for the quarter and year ended on 3 I 51 March, 2019 and to consider and recommend Final Dividend, if any, for the fi nancial year ended on 3 JS' March, 201 9.

Pursuant to listing regulations it is to inform to Exchange that the Board of Directors of the Company in their meeting held today, has:

I. Approved the Audited Financial results of the Company for the quarter and year ended on 31 51 March, 201 9. We are attaching herewith a copy of the approved result along with the Auditor's Report and declaration under second proviso of Regulation 33(3)(d) has also been attached.

We are also arranging publication of results in newspapers, as per Listing Regulations.

1. Recommended Final Dividend of Rs. 3.00 per Equity Share of Face Value of Rs.1 0 each, fo r the Financial Year ended on 3 1 51 March, 20 19.

Meeting Sta rted a t 11:00 a.m. a nd Concluded at 2:30 p.m.

Thanking you,

Yours faithfully, For MOIL Limited

( eeraj Dutt Pandey) Company Secretary

Encl.: As above

CIN : L99999MH1962GOI012398

Sta tement of Standalone audited financia l results fo r the quarter a nd year e nded 31st March, 2019

	(Prepared In Compliance with Indian Accounting Standards (I NO AS))					(l in lakhs)
Sr	Particulars	For quarter ended			For financial year ended
No			31 ·03·2019 31-12-2018 31·03-2018			31-03-2019 31-03-2018
		Audited	Unaudited	Audited	Audited	Audited
1	(a) Revenue from operations(b) Other income	43659.025091.46	33277.494734.99	39755.274558.17	144066.6019081.07	132346.0817772.15
	Total in come	48750.48	38012.48	44313.44		163 147.67 150118.23
	2 Expenses(a) Cost of materials consumed(b) Purchase of stock-in-trade(c) Changes in inventories of finished goods, stock in trade and work-in-process(d) Employee benefits expense(e) Finance costs(f) Depreciation and amortisation expense(g) Other expenses	1097.260.002979.6813145.460.001953.7010629.50	1079.110.00-2199.3610092.980.001703.738844.59	832.500.00-1055.5613434.810.001686.439330.36	3839.500.00-85.9242826.150.006682.4737910.35	2985.320.001944.1540619.160.006244.9633532.24
	Tota l expenses	29805.60	19521.05	24228.54	91172.55	85325.83
	[1. 2]3 Profit/ (loss) before exceptional items a nd tax4 Exceptional items	18944.880.00	18491.430.00	20084.900.00	71975.120.00	64792.400.00
	[3. 4]5 Profit/ (loss) before tax	18944.88	18491 .43	20084.90	71975.12	64792.40
	6 Tax expense(a) Current taxI (b) Deferred taxTotal tax expense	6345.20-909.095436.11	7041.34-575.796465.55	6925.99380.797306.78	26608.88-2022.5824586.30	22966.55-373.5122593.04
	[5. 6]7 Net profit/ (loss) for the period from continuing operation	13508.77	12025.88	12778.12	47388.82	42 199.36
	8 Extraordinary items (Net of tax expense)	0.00	0.00	0.00	0.00	0.00
	9 Net profit/ (loss) for the period[7 . 8]	13508.77	12025.88	12778.12	47388.82	42199.36
	10 Other comprehe nsive incomeA (i) Items that will not be reclassified to profit or loss(ii) Income tax relating to items that will not be reclassified to profit or lossB (i) Items that will be reclassified to profit or loss(ii) Income tax relating to items that will be reclassified to profit or loss	-276.7594.660.000.00	-967.84338.200.000.00	-3147.001256.790.000.00	-3004.061047.690.000.00	-3601.271256.790.000.00
	11 Total Comprehensive Income for the period a fter taxes[9. 10]	13326.68	11396.24	10887.91	45432.45	39854.88
	12 Paid-up equity share capital (Face value of share · 10 each)	25760.89	25760.89	25760.89	25760.89	25760.89
	13 Other equity				282510.45	254158.87
	14 Earnings per share from continuing operation(a) Basic(' I 0 each) •(b) Diluted (' I 0 each) •• EPS for the financial year 2017 ·18 has been calculated on weighted averagepaid-up capital (due to issue of bonus shares and buyback of shares).	5.245.24	4.674.67	4.814.81	18.4018.40	21.0821.08

Select information for the year ended 31.03.2019

Sr	Particulars	As at
No		31-03-2019 31-03-2018
A	PARTICULARS OF SHAREHOLDING
	1 Public shareholding
	(a) Number of shares	88382221	88382221
	(b) Percentage of share holding	34.31%	34.31%
	2 Promoters and promoter group shareholding(a) Pledged/encumbered:
	Number of shares	Nil	Nil
	Percentage of shares (as a% of total share holdingof promoter and promoter group)	N.A.	N.A.
	Percentage of shares (as a% of total share capitalof the company)	N.A.	N.A.
	(b) Non-encumbered :
	Number of shares	169226667	169226667
	Percentage of shares (as a% of total shareholdingof promoter and promoter group)	100.00%	100.00%
	Percentage of shares (as a% of total share capitalof the company)	65.69%	65.69%

Statement of assets and liabilities

Sr	Particulars	(tin lakhs)As at
No			31-03-2019 31-03-2018
		Audited	Audited
	1 ASSETS
	Non-current assets
	(a) Property, Plant and Equipment
	(b) Capital work-in-progress	41968.68	33354.90
	(c) Investment Property	29539.94	23377.45
	(d) Other Intangible assets	0.001067.09	0.001422.38
	(e) intangible assets under development	146.66	471.60
	(f) Financial Assets	0.00	0.00
	(i) investments	22.29	21 .29
	(ii) Trade receivables	0.00	0.00
	(iii) Loans	114.70	114.65
	(iv) Others	0.00	0.00
	(g) Deferred tax assets (Net)	1793.02	0.00
	(h) Other non-current assets	6523.35	4795.51
	Sub-total - Non-current assets	81175.73	63557.78
	2 Current assets
	(a) Inventories	10262.27	9728.37
	(b)Financial Assets
	(i) Investments	11451.93	2329.87
	(ii) Trade receivables	13184.55	19001.67
	(iii) Cash and cash equivalents	2126.13	2417.57
	(iv) Bank balances other than (iii) above	224066.34	211495.11
	(v) Loans	473.64	500.82
	(vi) Others(c) Current tax assets (Net)	0.00	0.00
	(d) Other current assets	1398.94	3243.34
	Sub-total- Current assets	16760.88	11778.75279724.68 260495.50
	TOTAL - ASSETS (1+2)		360900.41 324053.28
	EQUITY AND LIABILITIES
	1 Equity
	(a) Equity Share capital
	(b) Other Equity	25760.89	25760.89
	Sub-total - Equity	282510.45	254158.87308271.34 279919.76
	Liabilities
	2 Non-current liabilities
	(a) Financial Liabilities
	(i) Borrowings	0.00	0.00
	(ii) Trade payables	0.00	0.00
	(iii) Other financial liabilities (other than those specified )	0.00	0.00
	(b) Provisions	1145.68	1029.09
	(c) Deferred tax liabilities (Net)	0.00	229.56
	(d) Other non-current liabilities	475.13	644.68
	Sub-tota l - Non-current lia bilities	1620.81	1903.33
	3 Current liabilities
	(a)Financial Liabilities
	(i) Borrowings(ii) Trade payables	0.00	0.00
	(a) Total outstanding of MSMEs (not due)
	(b) Total outstanding of others	1450.27	500.66
	(iii) Other financial liabilities (other than those specified)	2935.45	4657.03
	(b) Other current liabilities	11181.28	10061.37
	(c) Provisions	24649.6110791.65	17271.459739.68
	(d) Current Tax Liabilities (Net)	0.00	0.00
	Sub-total -Current liabilities	51008.26	42230.19
	TOTAL- EQUITY AND LIABILJT\M~J(iJ.),y;•		360900.41 324053.28
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Segment-wise reve nue, r esults for the quarter a nd year ende d 3151 March, 2019 and assets a nd liabilities as on that date.

						~in lakhs)
SrNo	Particulars		For quarter ended		For financial year ended
		Audited	31-03-2019 31-12 -2018 31-03-2018 31-03-2019 31-03-2018Unaudited	Audited	Audited	Audited
	1 Segment revenue
	(a) Mining products	40117.38	31262.44	36124.62	134115.58	122674.73
	(b) Manufactued products	3976.06	2485.43	3963.88	11119.77	10564.66
	(c) Power	142.15	174.77	220.56	1367.63	1322.15
	Sub-total	44235.59	33922.64	40309.06	146602.98	134561.54
	( - ) Inter-segment revenue	576.57	645.15	553.79	2536.38	2215.46
	Gross sales/income from operatio ns	43659.02	33277.49			39755.27 144066.60 132346.08
	2 Segment results [Profit/ (-)loss be fore tax and interest]
	(a) Mining products	13083.99	12906.85	13338.35	49395.57	42269.74
	(b) Manufactued products	714.29	764.28	2054.45	2485.63	3772.32
	(c) Power	55.14	85.31	133.93	1012.85	978.19
	Sub·total	13853.42	13756.44	15526.73	52894.05	47020.25
	( +) Other una llocable income (net of unallocable expenditure)	5091.46	4734.99	4558.17	19081.07	17772.15
	Profit from ordinary activities before exceptiona l items antitax	18944.88	18491.43	20084.90	71975.12	64792.40
	3 Segment assets
	(a) Mining products	86840.05	82165.22	75060.31	86840.05	75060.31
	(b) Manufactued products	3802.81	4879.41	3417.75	3802.81	3417.75
	(c) Power	6315.38	6354.19	6179.54	63 15.38	6179.54
	(d) Unallocated	263942.17	259466.10	239395.68	263942.17	239395.68
	Total		360900.41 352864.92 324053.28 360900.41 324053.28
	4 Segment lia bilities
	(a) Mining products	28066.14	23050.19	18196.53	28066.14	18196.53
	(b) Manufactued products	506.77	1423.27	669.55	506.77	669.55
	(c) Power	1243.73	1378.71	1575.06	1243.73	1575.06
	(d) Unallocated	22812.43	2275 1.25	23692.38	22812.43	23692.38
	Total	52629.07	48603.4 2	44133.52	52629.07	44133.52

Notes:

1 The above results, reviewed by the Audit Commlttl'e, have been approved by the Board of Directors 1n Its meeting held on 22nd May, 2019 and have bel'n audaed by statutory auditors of the company.

2 This statement has been prepared 111 accordance With the Compan1es (indian Accountmg Standards) Ru les, 2015 (lnd AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3 Information about investor complaints for the quarter : Opening · 1. received during the quarter -3, resolved during the quarter- 3 and pending as at 31.03.2019 -1.

4 The above financial results are on standalone basis.

S The Board has approved a final dividend of · 3 00 per equity share for the financial year 2018·19.

6 Previous period's figu res have been regrouped/reclassified, wherever necessary to make them comparable.The figures for the quarter ended 31st March,2019 are balancing figures between the audited figures of the full year and the reviewed year·to- date figures up to the third quarter of the financial year.

For MOIL Limited, ~ ...,LI!. r NACF M. P. Chaudhari Chairman-cum-Managing Director DI N: 05339308 Place Ne" Delh1 Dare 22nd May.2019 For M/ s De mble Ramani & Co., Q, Chartered Accountants ,;, •• , R<g;, ~ CA Ashok Ra mani 1"-- Partner Membership Number: 030537

DEMBLE RAMANI & CO. CHARTERED ACCOUNTANTS 201, M.G. HOUSE, R.T.ROAD, CIVIL LINES, NAGPUR-440001 PHONE :0712-6603630 I 31 Fax No. 3918654 E-mail : dembleramani@yahoo.co.in

Auditors' Report on Annual Standalone Finncial Results of MOIL Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulaions, 2015

TO THE BOARD OF DIRECTORS OF MOIL LIMITED

1_. We have audite~ the accompanymg annual Standalone Financial Results of MOIL Limited ("the Company") for the_ year· ended 31st March, 2019, attached herewith, 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 5th . July, 20 16. These Financial Re_sults have been prepared on the basis of the annual audited financial statements and reviewed quarterly fmancial results up to the end of third quarter which are the responsibility of the Company's management and has been approved by the Board of . . . Directors. Our _responsibility is to express an opinio,n on these Financial Results, based on our audit of such Financial Statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013 ("the

principles generally accepted m India and in compliance with requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• 1. We conducted our audit in accordance. with the audig standards issued by the Institute of Chartered Accountants of India. Those standards require that we plan and prform the audit to obtain reasonable assurance about whether the Financial Results are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed in the Financial Results. An audit also includes assessing the accounting principles used and significant estimates made by the management. We believe that our audit provides a reasonabl~ basis for our opinio~.
• 1. In our opinion and to the best of our information and according to the explanations given to us, these quarterly fmancial results as well as the year to date results:
  • 1. are presented in accordance with the reqUirements of the Regulation read with the Circular, in this regard; and
  • n. give a true and fair view of the net profit, other comprehensive income and. other fmancial information . of the Company for the· quarter and year ended March 31, 2019.

1. The statement includes the results for the quarter ended 31st March; 2019 (considered audited) being ~e ·derived figures between the audited figures in respect of the current full fmancial year ended 31st March, 2019 and the published year-to-date figures up to 31st December, 2018, being the date of the end of the 3rd quarter of the current fmancial year which were reviewed ~y us.

For Demble Ramani and Company Chartered Accountants

(Firm's Registration Number: 102259W)

Place of Signature :-New Delhi Date of Report :- 22nd May' 2019

DECLARATION RELATED TO AUDIT REPORT FOR F.Y. 2018-19

This is declared that the Audit Report pertaining to the Annual Audited Financial Results of the Company for the year ended 31 51 March, 2019 does not have any modified opinion/ qualification/ reservation/ an adverse remark, hence statement showing impact for any modi tied opinion is not applicable on the company.

For MOIL Limited ~~· M.P. Chaudhari

Chairman-cum-Managing Director

Place: ew Delhi Date: 22"d May, 20 19