Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

MOIL Limited Interim / Quarterly Report 2020

Nov 14, 2019

61480_rns_2019-11-14_562ca1c0-c1a0-4342-ac95-177214f56805.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

(A Government of India Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR – 440 013 Website:www.moil.nic.in, E-Mail ID: [email protected], Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: 99999MH1962GOI012398

CS/NSE-BSE/2019-20/ Date:14.11.2019

To,
The Manager The Manager
Listing Department Department of Corporate Services
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, C-1,Block G, 25th Floor, PhirozeJeejeebhoy Towers
BandraKurlaComplex Bandra, East, Mumbai, Dalal Street
Maharashtra-400051 Mumbai, Maharashtra-400 001

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

Dear Sir:

Subject: Outcome of the meeting of Board of Directors of the Company held on November 14, 2019

Please refer to our letter no. CS/NSE-BSE/2019-20/308 dated 04.11.2019. In this connection, it is to inform that the Board of Directors of the Company, in their meeting held today, has approved:

1. Un-audited Financial results of the Company for the quarter ended on 30th September, 2019.

We are attaching herewith a copy of the approved results along with the Limited Review Report of the Auditors (Annexure A). We are also arranging publication of results in new papers, as per SEBI (LODR)Regulations.

2. Buy Back of Equity Shares

The proposal to buyback of not exceeding 2,02,81,009 (Two Crore Two Lakh Eighty One Thousand Nine) equity shares (representing 7.87% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. Rs. 152/- (Rupees One Hundred Fifty Two only) per equity share (the "Buy Back Offer Price") payable in cash for an aggregate consideration not exceeding Rs. 3,08,27,13,368 (Rupees Three Hundred Eight Crore Twenty Seven Lakh Thirteen Thousand Three Hundred Sixty Eight Only) (the "Buyback Offer Size") not exceeding 10.00% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2019 (the last audited financial statements available as on the date of Board meeting recommending the proposal of the Buyback) and is within the statutory

limits of 10% (Ten Percent) of the aggregate of the fully paid-up equity share capital and free reserves under the board of directors approval route as per the provisions of the Companies Act, 2013 from all the equity shareholders of the Company, as on the record date, on a proportionate basis through a Tender Offer route in accordance the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the "Buyback Regulations") (hereinafter referred to as the "Buyback"), subject to all other applicable statutory approvals.

The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations. The pre-buyback shareholding pattern of the Company as on November 8, 2019 is enclosed as Annexure B to this letter.

Meeting Started at 10:00 a.m. and Concluded at 06:30 p.m.

You are requested to please take a note of the same.

Thanking you,

Yours faithfully,

For MOIL Limited

Neeraj Dutt Pandey Company Secretary

Encl: As above

CJN: L99999M£196ZGOJ012398

Statement of Standalone unaudited financial results for the quarter and half year ended 30th September, 2019

( Prep.artd 1n Complbnm with lndbln Accountina Standards (JWD AS)) ('in lokbs)
Sr.N'o. Particulars For quarter ended For half year ended For thefinancialyear ended
Unaudited 30·09·2019 30·06·20l9 30·09-2018Unaudited Unaudited Unaudited Unaudited 30-09-2019 30-09-2018 31·03·2019Audited
1 (a) Revenue from operations(b) Other income 25311.37 28007,04 35777.46 53318.41 67130.09 144066.60
'l'ota I income 5320.6430632.01 4874.8632881.90 4508.5340285.99 10195.5063513.91 9254.6276384.71 19081.07163147.67
z Expenses(a) Cost or materiaiHonsurned(h) Purchase of srock-in-trade(c) CN!nges in inventories of finished goods, stock m trade and work-in-process(d) Emplo)l1!e benefits expenH'(e) Finance costs(f) Depreciation and amortisation expense(g) Other expenses 695.570.00·1069.8110038.050.0031flS.B77335.68 1096.000.00·2740.3510355.010.001945.028218.18 064.900.001924.19962.4.810.001560.328733.51 l79LS70.00·3010.1620393.060.00Sl:i0.8'J15553.86 1663.130.00·866.2419587.71o.oo3025.0418436.26 3839.500.00·85.9242826.150.006682.4737910.35
Total expenses(l· ZJ3 Profit/ (loss) before exceptional items and tax 20185.3610446.65 18873.8614-008.04 22707.7317578.26 39059.2224454.69 41845.9034538.01 91172.5571975.12
4 Exce1nional items 0.00 0.00 0.00 0,()0 0.00 0.00
[3. 4]5 Profit/ (loss) before tax 10446.65 14008.04 17578.26 24454.69 34538.81 71975.12
6 Tax expense(a) CurrenttaxI (b l Deferred taxTotal tax expense 1720.40·134.921585.48 4817.10123.134940.23 7624.47·556.237068.24 6531.50·11.796525.71 l:i222.34-537.7012604.64 26606.88·2022.5824586.30
7 Net profit/ (loss) for the J>eriod from continuing operation(5. 6) 8861.17 9067.81 10510.02 17928.98 21854.17 47388.82
8 Extraordinary items (Net ofta.x expense} 0.00 0.00 0.00 0.00 o.uo 0.00
9 Net profit/ (loss} for the period[7. 8] 8861.17 9067.81 10510.02 17928.98 21854.17 47388.82
10 Other comprehensive incomeA (i) Items that will not be reclassified to profit orluss(li) Income tax relating to items that w11l not be reclassified to profit or loss8 (i) Items that will be reclassified to profit or loss(ii) Income tax relating to items that. will bee reclassified to profit or loss -761.75116.240.000.00-645.51 -754.70263.870.000.00-490.S3 ·837.55582.610.000.00·254.94 ·15 16.45380.110.000.00·1136.34 -1759.47614.830.000.00· 1144.64 ·3004.061047.690.000.00·1956.37
11 Total Comprehensive Income for the period after taxes]9 + 10 8215.66 8576.98 10255.08 16792.64 Z0709.53 45432.45
12 Paid-up equity share capital (Fare value ofshare 10 each}13 Other equity 25760.89 25760.89 25760.89 25760.89 25760.89 25760.89282510.45
14 Earnings per share from continuing operation(a) BaSIC (t 10 ~ach)(b) Diluted (t 10 each ) 3.443.44 3.523.52 4.084.08 6.966.96 8.488.48 18.40Hl40
./.7.'

'

Select information

Sr Particulars As at
No 30·09·2019 31·03·2019
A PARTICULARS OF SHAREHOLDING1 Public shareholding
(a) Number of shares 88382221 88382221
(b) Percentage of shareholding 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 shareholdingof 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 0A, oftotal shareholdingof promoter and promoter group} 100.00% 100.00%
Percentage of shares {as a % of total share capitalof the company) 65.69% 65.69%~
_-,;'(f ';NAq .,C'"J• Q

Statement of assets and liabilities

Sr Particulars As at As at
No 30-09-2019 31-03-2019
Unaudited Audited
1 ASSETS
Non-current assets
(a) Pro percy, Plant and Equipment 56333.66 41968.68
(b) Capital work·in·progress 17978.05 29539.94
{c) lnvestm~nt Property 0.00 0.00
{d) Other Intangible assers 912.24 1067.09
(e) Intangible assets under development 149.26 146.66
(f) Financial Assets
[i) Investments 22.29 22.29
(ii) Trade receivables 0.00 0.00
(iii} Loans
99.17 114.70
(iv) Others 0.00 0.00
(g) Deferred tax assets (Net) 1804.82 1793.02
(h) Other non-current assets 8059.23 6523.35
Sub-total · Non-current assets 85358.72 81175.?3
2 Current assets
(a) Inventories 14373.88 10262.27
(b) Financial Assets
(i) Investments 19909.44 11451.93
(ii) Trade receivables 10827.65 13184.55
(iii) Cash and cash equivalents 1048.14 2126.l3
(iv) Bank balances other than (iii) above 225046.73 224066.34
(vJ Loans 644.02 473.64
(vi) Others 0,00 0.00
(c) Current tax assets (Net) 2041.11 1398.94
(d) Other current assets 9368.46 16760.89
Sub·total· Current assets Z83ZS9.43 279724.68
TOTAL·ASSETS(l+Z) 368618.15 360900.41
EQUITY AND LIABILITIES
1 Equity
(a) Equity Share capital 25760.89 25760.89
{b) Other Equity 289986.27 202510.45
Sub-total· Equity 315747.16 308271.34
Liabilities
z Non-current liabilities
(a) Financial Liabilities
(i) Borrowings 0.00 o.oo
(ii) Trade pay abies 0.00 0.00
(iii) Other financial liabilities (other than thos" specified) 0.00 0.00
{b) Provfslons 1197.35 1145.68
(c) Deferred tax liabilities (Net) 0.00 0.00
(d} Other non-current liabilities 623.29 475.13
Sub-total· Non-current liabilities 1820.64 1620.81
3 Current liabilities
(a) Financial Liabilities
(i) Borrowings 0.00 0.00
(ii) Trade payables 2937.04 4385.72
(Ill) Other ftnanctalllabllldes (other than those specified) 10441.46 11HH.2tl
{b) Otl1er current 1 labilities 21271.66 24649.61
(c) Provisions B400.19 10791.65
(d) Current Tax Liabilities (Net) 0.00 0.00
Sub· total· Current liabilities 51050.35 51008.26
TOTAL · EQUITY AND LIABILITIES (1 +2+3) 36Jlkla.tS 360900.41

MOil.l.IMITEO

Segment-wise revenue, results for tile quaner and half year ended 30th September, 2019 and assets and llabiUties as on that date.

(tin lakhs}
Sr.No. Particulars For quarter ended for half year ended For thefinancialyear ended
30-09-2019 30-06-2019 30-09-2018 30·09·2019 30-09-2018 31·03·2019
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Segment revenue
(a) Mining products 23686.83 27116.98 32948.04 50803.81 62735.76 134115.58
(b) Manufactued products 1787.70 1216.53 3006.20 3004.23 4658.28 11119.77
(c) Power 717.92 443.93 507.58 116t.R5 1050.71 1367.63
Sub-total 26192.45 28777.44 36461.82 54969.89 68444.75 146602.98
(-) Inter-segment revenue 881.08 770.40 684.36 1651.48 1314.66 2536.38
Gross sales/income from operations 25311.37 28007.04 35777.46 53318.41 67130.09 144066.60
2 Segment results [Profit/(·)loss before tax and interest)
(a) Mining products 3997.78 8919.72 12050.61 12917.50 23404.73 49395.57
(b) Manufactued products 606.44 -58.87 603.02 547.57 1007.06 2485.63
(c) Power 521.79 272.33 416.10 794.12 872.40 1012.85
Sub-total 5126.01 9133.18 13069.73 14259.19 25284.19 52894.05
( +) Other unallocable income (net nfunallocable expenditure) 5320.64 4874.86 4508.53 10195.50 9254.62 19081.07
Profit from ordinury Ql"livities before ex•eptional items und tax 10446.65 14008.04 1 7578.26 24454.69 34538.81 71975.12
3 Segment assets
(a) Mining products 87438.76 89147.71 76491.79 87438.76 76491.79 86840.05
(b) Manufactued products 5318.64 4494.17 4567.76 5318.64 4567.76 3802.81
{c) Power 9196.12 9207.44 6648.32 9196.12 6648.32 6315.38
(d) Unallocated 266664.63 264639.16 256411.24 266664.63 256411.24 263942.17
Total 368618.15 367488.48 344119.11 368618.15 344119.11 360900.41
4 Segment liabilities
(a) Mining products 24305.48 25131.19 20842.11 24305.48 20842.11 28066.14
(b) Manufactued products 895.11 1086.29 712.66 895.11 712.66 506.77
(c) Power 1250.56 1222.24 133 1.14 1250.56 1331.14 1243.73
(d) Unallocated 26419.84 23200.42 28367.94 26419.84 28367.94 22812.43
Total 52870.99 50640.14 51253.85 52870.99 51253.85 52629.07
Notes :
I The above results, reviewed by the Audit Committee. have been approved by the Board of Directors in Its meeting held on 14th November, 2019 and have been reviewed by statutory auditors ofthe company.
2 This statement has been prepared in accordance with the Companies (indian Accounting Standards) Rules. 2015 (lnd AS) prescribed under Section 133 ofthe Companies Act. 2013 and otherrecognised accounting practices and pol ides to the extent applicable.
3 Information about investor complaints forrhe quarter : Opening· 1. received during the quarter ·2. resolved during the quarter ·2 and pending as at 30.09.2019 ·1.
4 Reduction on turnover and profit during the current reporting period Is mainly due to changes in product mix containig higher proportion of medium and low grade ore available for sale as

compared with corresponding quarter and fall in prices of manganese ore In International market.resultlng in price correction by MOll..

5 Pursuant to Taxation laws (Amendment) Ordinance 2019, dated 20.09.20 19, the company has exercised the option permitted under section llSBAA of the Income Tax Act, 1961 to compute income tax at the revised rate (i.e 25.160% including surcharge and cess) from the current financial year. The tax expense for the quarter and half·year ended 30th September, 2019 Is after considering the impact of the revised tax rate.

6 Previous period's figures have been regrouped/reclassined. wherever necessary to make them comparahle.The figures for the quarter ended 30£h September.2019 are balandng figures between the unaudited figures of the half year and the reviewed figures up to the first quarter of the financial year.

~ .. ~~ · {;.:ow~ t r! 't: RtcBtralion Numb~f : I 02259 \' ' . ·:'!'· t -;.- ·' ,..,. >'" "t ·.J ,I c. ' ~ 't,. .. ... M c - M. P. Chaudhari B" ..... :"'' • tl ~ ~ • 0 Ashok Ramani tO m• Chairman-cum-Managing Director ,•<;!' / .. J DIN : 05339308 ~- ~~ .. Membership Number: 030537 : ( -- '

Date : 14th November.20 19

For MOll. limited, For M/s Demble Ramani & Co.,

MOLL Lf.MITED 4

STANDALONE STATEM ENT OF CASH FLOWS

Particular!i Figures as at the end of curr-entreporting period JOth Sep,20J 9 Figures as at the tn.d of previous
reporting period JOtb Sep,2018
A Cash How from operating activities
Net profit before tax and dividend 24454.69 34538.8 1
Adjustment for ·
(II) Interest on fixed deposits -9035.77 -7989.60
(b) Depreciation and amortisation 5130.89 3025.04
(c) Deductions from plant, property and equipments 0.00 0.00
-3904.88 -4964.56
Operating profit before r.hanges in working capit:11 20549.81 29574.25
Adjustments for -
(a) Inventories -4111.61 -1259.94
(b) Trade receivables 2356.90 6488.18
{C) Current assets 6750.25 5461.53
(d) Other non-current assets -1535.88 -3255.25
(e) Loans & advances -154,85 ·117.66
(f) Other comprehensive income ·1136.34 -1144.64
(g) E:'lpenses on buy-back of shares 0.00 0.00
(h) Liabilities and provisions 241 .93 7349.89
241 040 13522.1 I
Cash generated from operations 22960.21 43096.36
Income tax paid (net) -6537.50
Net (;II.Sh from operating a(;tivities 16422.71 -13222.34
29874.02
B Cash now from investing activities
(a) Interest on fixed deposits 9035.77 7989.60
(b) Purchase of plant, property & equipments and intangible assets -7781.73 ·6962.79
(c) Buy-back of shares 0.00 0.00
(d) Investment in tenn deposits with more than three months 6734.78 -12407.08
(e) Current investment in liquid mutual fund ·8457.51 ·4110.19
Net cash used in in'esting activities -468.69 -15490.46
c Cash Dow from financing adi'ities
(a) Dividend (including dividend distribution tax) -9316.84
(b) Dividend accounts pending encashment of warrants -7764.03
(c J Investment in term deposus towards LCs & BGs -7712.74-2.43 -6418.66
Net cash used in financing acti\rities 130.06
-17032.01 -14052.63
D Net increase/(·) decrease in cash a.nd cash equiv11lents ·1 077.99 330.93
E Opening rash and cash equivalents 2126.13 2417.57
Closing cash and cash equivnlents 1048.14 2748.50
Net increase/(·) decrease in cash and cash equivalents -1077.99 330.93
The statement of cash flows is prepared using the indirect method, as given in Ind AS 7.
As per our report of even date
For M/s Demble Ramanj & Co. For and on behalf of tbe Board of Directors
Chartered Accountants
Firm's Registration Number : 1022 59 W
- '""IAb.-r-~~~~
0 '(5Y - ,;~ 11 ~~
CA Ashok Ramani
Partner Mukund P.Cbaudha rl ~Q)
Membership Number: 030537 Chairman-cum-Managing Director "'"0~.;1

Place : New Delhi Date : 14th November, 2019

DIN : 0 5339300 '-":c ~/

· DEMBLE RAMANI & Co. 201. M. G.HOUSE, R. T. ROAD, CIVIL LINES, NAGPUR-440 00 I. CHARTERED ACCOUNTANTS PHONE: (0712) 6603 630 I631/632 E-mail: dcmbkrama.nm 'ahoo co 111 contact a,dcmbkram@t com Website: "" \ .dcmbkramam com

LIMITED REVIEW REPORT

To The Board of Directors Moil Limited. Nagpur

    1. We have reviewed the accompanying statement of unaudited standalone financial results of Moil limited ("the company"} for the quarter ended 30th September 2019 ("the statement"L being submitted by the company pursuant to the requirements of regulation 33 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.
    1. This statement is the responsibility of the Company's Management and approved by the Board of Directors of the company, has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34-lnterim Financial Reporting ("lnd AS 34") prescribed under Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
    1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of Entity" issued by the Institute of Chartered

review to obtain moderate assurance as to whether the financial statements are free of 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.

  1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of 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 DEMBLE RAMAN! & CO. Chartered Accountants ~<;:;,

• c -

9~ ,

~~t!Act · ,.q,. CA Ashok Ramani Partner Mem No.: 030537 FRN : 102259W UDIN: 19030537 AAAACH7627

Place New Delhi Date 14/11/2019

CIN : L99999ME1962GOI012398

Statement of Consolidated unaudited financial results for the quarter and half year ended 30th September, 2019

( P~part41n Compllanr• wltlt lad loa Arcountlns Stondords (I NO AS)) (~in lakhs)
Sr.No. PartlcuJars fDr quarter ended For half year ended For thefinancialyear ended
Unaudited 30-09-2019 30-06-2019 30-09-2018 30-09-2019 30·09-2018 31-03-2019Unaudited Unaudited Unaudited Unaudited Audited
1 {a) Revenue from opc1·alions(b) Other income 25311.375318.68 28007.044876.82 35777.464509.73 53318.4110195.50 67130.099256.81 144066.6019081.07
Total income 30630.05 32883.86 4:0287.19 63513.91 76386.90 163147.67
2 Expenses(a) Cost of materials consunu~d(b) Purchase of stoc-k-in-trade(c) Changes in inventories of finished goods, stock In trade and work-In-process(d) Employee benefit5 expense(e) Finance costs(f) Depreciation and amortisation expense(g) Other expenses 695.570.00-1069.8110038.050.003185.877335.68 1096.000.00-2740.3510355.010.001945.028218.18 064.900.001924.199624.810.001560.328733.5'1 179'1.570.00·3810.1620393.060.005130.8915553.86 1663.130.00·866.2419567.710.003025.0418436.26 383'1.500.00-85.9242826.150.006682.4737453.00
Total expenses 20185.36 18873.86 22707.73 39059.22 41845.90 90715.20
3 Profit/ (loss) before exceptional items and tax[I · 2]• Exceptional items 10444.690.00 14010.000.00 17579.460.00 24454.690.00 34541.000.00 72432.470.00
s Profit/ (loss) before tax13-41 10444.69 14010.00 17S79.46 244S4.69 34541.00 72432.4?
6 1'a>< expense(a) Current taxI (b) Deferred taxTotal tax expense 1720.40-134.921585.48 4817.10123.134940.23 7624.47-556.237068.24 6537.50-11.796525.71 13222.34-537.7012684.64 26608.88-2022.5824586.30
7 Net profit/ (Joss) for the 11erlod from continuing operation(5-6] 8859.21 9069.77 10511.22 17928.98 21856.36 47846.17
8 lixtraordlnary items {Net of tax ex pens~) 0.00 0.00 0.00 0.00 0.00 0.00
9 Net profit/ Ooss) for the period[7 -81 8859.21 9069.77 10511.22 17928.98 21856.36 47846.17
10 Other compr~bensive incomeA (I) Items that will nDt be reclassified to profi 1 or loss(ii) Income tax relating to items that will not be reclassified to profit or loss1l (i) Items that will be reclassified to profit or loss(ii) Income tax relating to Items that will be reclassified to profit or loss -761.75116.240.000.00-645.51 -754.70263.87o.oo0.00·490.83 -837.55582.610.000.00-254.94 ·1516.45380.110.000.00-1136.34 -1759,47614.830.000.00·ll44.64 -3004.061047.690.000.00-1956.37
11 Total ComPrehensive Income for the ueriod after taxes19 + 10 8213.70 8578.94 10256.28 16792.64 20711.72 45889.80
12 Paid-lip equity share capital (Face value of share f I 0 each) 25760.89 25760.89 25760.89 25760.69 25760.89 25760.69
13 Other equity - 262510.45
14 Eaming.s per share from continuing operation(a) Basic (f I 0 each )( b) Dilute<.! (~ 10 e:h) 3.443.44 3.523.52 4.064.08 6.966.96 8.48.J.:'!f 18.517 tAu~

Consolidated Statement of assets and liabilities

(t in lokbs)
Sr Particulars As at As at
No 30·09·2019 31·03-2019
Unaudited Audited
1 ASSETS
Non-current assets
(a) Property, Plant and Equipment 56333.66 41968.6E
(b) Capital work·in·progress 17978.05 29539.94
(c) Investment Property 0.00 0.00
(d) Other l ntangible assets 912.24 1067.0~
(e) Intangible assets under development 149.26 146.6~
(I) Investments accounted for using equity method 6.79 7.02
(&) Financial Asset.~
(i) Investments L29 1.25
(ii) Trade receivables 0.00 o.oc
(Ill) Loans 99.17 114.7C
(iv) Others 0.00 0.0(
(h) Deferred truc assets (Net) 1004.82 1793.02
(i) Other non-current assets 7659.23 6123.35
Sub· total· Non-current assets 84944.51 80761.75
2 Current assets
(a) Inventories 14373.80 10262.2i
(b) Financial Assets
(I) Investments 19909.44 11451.93
(ii) Trade receivables 10827.65 13184.55
(iii) Cash and cash equivalents 1048.14 2126.13
(iv) Bank balances other than (iii) above 225046.73 224066.34
(v] l.oaos 644.02 473.64
(vi) Others 0.00 0.00
(c) Current tax assets (Net) 2041.11 1398.94
{d) Other current assets 9368.46 16760.87
Sub-total· Current assets 283259.43 279724.67
TOTAL· ASSETS (1+2) 368203.94 360486.42
EQUITY AND LIABII.lTIES
1 Equity
{a) Equity Share capital 25760.09 25760.69
{b) Other Equity 289986.27
Sub· total· Equity 282510.47
lla bll1ttes 315747.16 308271.36
2 Non-current liabilities
(a) Flnartcial Liabilities
(I) Borrowings 0.00 0.00
(II) Trade payables 0.00 0.00
{ill) Other flnandalllabillttes (other than those specified) 0.00 0.00
[b) Provisions 1197.35 1145.68
(c) Deferred tax liabilities (Net) 0.00 0.00
(d) Other non-current liabilities 623.29 475.13
Sub·total · Non-current liabilities 1820.64 1620.81
3 Current liabilities
(a] Financial Liabilities
{I) Bom!wlngs 0.00 0.00
(II) Trade payables 2937.04 4385.72
{Ill) Other flnanctalllablllttes (other than those $peel lied ) 18441.46 11181.27
(b) Other current liabilities 21271.66 24649.59
{c) Provisions 7985.98 10377.67
{d) Current Tax Liabilities (Ne!t) 0.00 0.00
Sub· total· Current liabilities 50636.14 50594.25
TOTAL· EQUITY AND LIABIUTIF.S {1+2+3)
368203.2j. - 360486.42
I~ , ·n~ \

MOIL LIMfTBO

Consolidated Segment-wise revenue. results for cbe quarter and ball year ended 30tb Septembe~ 2019 ;and assets and liabilitlu as on tbat date.

Sr.No. Particulars For quarter ended For hair year coded For thefinancialyear ended
Unaudited Unaudited 30-09-2019 30-06-2019 30-09-2018 30-09-2019 J0-09-2018 31-03-2019Unaudited Unaudited Unaudited Audited
1 Segmentrevenue
(a) Mining products 23686.83 27116.98 32948.04 50803.81 62735.76 134115.59
(b) Manufactued products 1787.70 1216.53 3006.20 3004.23 4658.28 11119.77
(c) Power 717.92 443.93 507.58 1161.85 1050.71 1367.63
Sub-total 26192.45 28777.44 36461.82 54969.89 68444.75 146602.98
(-) Inter-segment r&venue 881.08 770.40 684.36 1651.48 1314.66 2536.38
Gross sales/income from operations 25311.37 28007.04 35777.46 53318.41 67130.09 144066.60
2 Segment results (Profit/(· )loss before Lax and interest)
(a) Mining products 3997.78 8919.72 12050.61 12917.50 23404.73 49852.92
(b} Manufactued products 606.44 -58.87 603.02 547.57 1007.06 2485.63
(c) Power 521.79 272.33 416.10 794.12 872.40 10lZ.85
Sub-total 5126.01 9133.18 13069.73 14259.19 25284.19 53351.40
( +) Other unallocable income (net of unallocable expenditure) 5318.68 4876.82 4509.73 10195.50 9256.81 19001.07
Profit from ordinary activities b~fore e"ueptional items snd tar 10444.69 14010.00 17579.46 24454.69 34541.00 72432.47
3 Segment assets
(a) lolining products 07438.76 89147.71 76491.79 87438.76 76491.79 86840.05
(b) Manufactued products I5318.64 4494.17 4567.76 5318.64 4567.76 3802.81
(c) Power 9196.12 9207.44 6648.32 9196.12 6648.32 6315.38
(d) Unallocated 266250.42 264225.04 255997.74 266250.42 255997.74 263528.18
Total 368203.94 3670?4.36 343705.61 36tlZ03.94 343705.61 360486.42
4 Segment llabllltles
(a) Mining products 24305.48 25131.19 20042.11 24305.48 20042.11 28066.14
(b) Manufactued products 895.11 1086.29 712.66 895.11 712.66 506.77
(c) Power 1250.56 1222.24 1331.14 1250.56 1331.14 1243.73
(d) Unallocated 26005.63 22784.34 28409.58 26005.63 28409.58 ZZ396.42
Total 5U56.78 50224.06 51295.49 52456.78 51295.49 52215.06

I The above restdts. reviewed by the Audit Committee, have been approved by the Board of Directors in its meeting held on 14th November. 2019 and have been rev1ewed by statutory auditors of the company.

2 This statement has been prepared in accordance with the Companies (Indian Accounting Sl4ndards) Rules, 2015 (lnd AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting pract1ces and policies to the extent applicable.

3 Information about investor complaints for the quarter : Opening · 1. received during the quarter -2. resolved during the quarter ·2 and pending as at30.09.201 ') ·1.

4 Reduction in turnover and profit during the current retJorting 11eriod is mamly due to changes 1n product mix containig higher prot>Ortion of medium and low grade ore availabl• for sale as compared with co•·respondlng qua ncr and fall in prices of manganese ore 10 international market,resultmg in price correction by MOIL

5 Pursuant to Taxation Laws (Amendment) Ordinance 20 l'l, dated 20.0'1.2019. the company has exercised the option llt"mlittl!d under section 1158AA of the Income Tax Act, 1961 to compute income tax at the revised rate (i.e 25.168% Including surcharge and ti'<S) from the current financial year. The tax expense for the quarter and half· year ended 30m September, 2019 is after considering th~ impact of th~ rev ~~;ed tax raht.

6 Previous period·s ligures have been regrouped/reclassified, wherever necessary to n1akethem comparable. The figures for the quarter ended 30th S•ptember,20 19 ar• balancing figures between the unaudited figures ofthe half year and the reviewed figures up to the first quartor of the financial year.

M. P. Chaudhari ~'-9' .

Place : N~· Delhi ~7 . Oat< : 14rh Novcmbcr.2019

For MOIL Limited. For M/s Demble Ramanl & Co.,

MOIL LIM ITEI>

CONSOLtDATED STATEMENT OF CASH FLOWS

4

(' in lakbs)
l'articular$ Figures !IS at tbe end of currentreporting pfriod 30th Sept.,20 19 Figures as at the end of previousreporting period 30th Sept20 18
A Cash now from operating activities
Net profit before tax and dividend 24454.69 34541.00
Adjustment for •
(a) Interest on fixed deposits -9035.77 -7989.60
{li) Depreciation and amonisation 3025.();1
5130.89 0.00
(c) Deductions from plant, propeny and equipments 0.00-3904.88 -4964.56
Operating profit before (haoges io working capital 20549.81 29576.44
AQiustmenis for-
(a) Inventories -4111.61 -1259.93
(b) Trade r~ivables 2356.90 6488.18
(c) Current assets 6750.24 5461.53
(d) Other non-current a.~scts -1S35.6S -3255.15
(e) Loans & advances -154 85 ·117.66
(f) Other comprehensive income -1136.34 -1144.64
(g) Expenses on buy-back of shares 0.00 0.00
(h) Liabilities and provisions 241.11 7347.60
I2410.40 135 19.92
Cash generated from operations 22960.21 43096.36
Income tax paid (net) -6537.50 -1 3222.34
Net cash from operating activities 16422.71 29874.02
B Cash now from investing activities
(a) Interest on fixed deposits 9035.77 7989.60
(b) Purchase of plant, property & equipments and intangible assets -7781.73 -6962.79
(c) Buy-back of shares 0.00 0.00
(d) Investment in term deposits with more than three months 6734.78 -12407.08
(e) Current investment in liquid mutual fund -8457.51 -4110.19
Net casb used in investing activities -468.69 -1 5490.46
C Ca.sb now from finaodn g acti,•itits
(a) Dividend tincluding dividend distribution tax) -9316.84 -7764.03
(b) Dividend accounts pending encashment of warrants -7712.74 -6418.66
(c) Investment in term deposits towards LCs &: BGs -2.43 130.06
Net cash used in linancing activities -17032.01 -14052.63
0 Ntt increase/(-) decrease in u sh and usb equivalents -1077.99 330.93
E Opuing tMb and cash l'quivalents 2126.13 2417.57
CIQsing cash and cash tquivalcnts 1048.14 2748.50
Net incrrasrl{-) decrease in ush and cash equivalents -1077.99 330.93
The statement of cash flows is prepared using the indirect method. as given in lnd AS 7.
As per our report of even date For and oo behalf of the Board or Dlrectors
For M/s Demble Raman! & Co.Chartered Accountants
l'irm's Regi.straUon Number: 102259 W
, ~~,-. ~ ~_::::::::---
hO' \ -f(LI,,

CA Ashok Ramani Partner Membership Number: 030537 Place : New Delhi Date : 14th November,2019

Mukuod P.chaudhari ~e~ Chairman-cum-Managing Director 46Pt1 ),' 01111: 05339308

DEMBLE RAMANI & Co. CHARTERED ACCOUNTANTS

  1. M. G HOUSE. R. T. ROAD. CIVIL LINES, NAGPUR-440 00 I. PHONE: (0712) 6603 630 I 631 I 632 E-mail: dcmblcramatu a 'ahoo com contact a d..:mbkramruu com Website: \ W\ dcmblcrarnam com

INDEPENDENT AUDITOR'S LIMITED REVIEW .REPORT ON THE CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30~ SEPTEMBER 2019

To The Board of Directors Moil Limited. Nag pur

    1. We have reviewed the accompanying statement of unaudited consolidated financial results of Moil limited ("the parent") and its joint ventures (the parent and its joint ventures together referred to as "the Group") and its share of the net profit/(loss) after tax and total comprehensive income/(loss) of its joint ventures for the quarter ended 301 hSeptember 2019 ("the statement"), being submitted by the Parent pursuant to the requirements of regulation 33 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015, as amended ("the regulations"),read with SEBI Circular No. CfR/CFD/CMD1/44/2019 dated 29 March 2019 ("the Circular"). Attention is drawn to the fact that the consolidated figures for the corresponding quarter endi ng 301 h June 2019 and for the quarter ended 301 h September 2018, as reported in the statement have been approved by the Parent's Board of Directors, but have not been subjected to limited review.
    1. This statement is the responsibility of the Parent's Management and approved by the Board of Directors of the Parent, has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34-lnterim Financial Reporting {"lnd AS 34") prescribed under Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles

generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

    1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of Entity" issued by the Institute of Chartered Accountants of India. A review of interim Financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
    1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S,including the manner in which it is to be disclosed, or that it contains any material misstatement.
    1. The Statement includes the result of the following entities:
    • A) List of Joint Ventures:
      • (1) RIN MOIL Ferro Alloys Private Limited
      • (2) SAIL and MOIL Ferro Alloys Private Limited

6} Other Matters:

  • i. We did nul review the financial results of two joint ventures included in the consolidated unaudited financial results.
  • ii. The unaudited consolidated financial results include interim financial results/ financial information in respect of two joint ventures which have not been reviewed by any auditors. These un-reviewed interim financial results/ financial information have been approved and furnished to us by the Parent's Management and are conclusion on the statement, in so far as it relates to the affairs of the aforesaid joint ventures, is based solely on such un-reviewed interim financial results/ financial information.
  • iii. According to the information and explanation given to us by the parent's management, these un-reviewed interim financial results/ financial information of the aforesaid joint ventures included in these unaudited consolidated financial results, are not material to the group.

Our conclusion on the statement is not modified in respect of the above matter.

For DEMBLE RAMANI & CO. Chartered Accountants

Partner Mem No. : 030537

Place New Delhi Date 14/11/2019

UDIN: 19030537AAAACJ6569

FRN : 102259W

Annexure B

Shareholding pattern as on 08/11/2019 - ·-
Sr.No Category of Shareholders No. of Shareholders No. of Shares %ofSharebolding
I Promoter & Promoter GrouQ
a} Indian J 169226667 65.69
b) Foreign
Sub Tota!J!l_ 3 ---169226667 65.69_
2 Public - ---
Foreign Portfolio Investor (Including Fils) 96 16656341 6.47 -
Fin anci a! Institutions/Banks 12 24162606 9.38
-- Insurance Companies/Mutual Fund 12 3094349 1.20
Individuals+ Employees 279393 38217604 14.84
llindu undivided family 45 12551 -
Non Resident Indian (~atriable) 1958 1293795 0.50 -
Non Resident (Non Repatriable) 1031 826376 0.32
Unclaimed Shares
Overseas Corporate Bodies -
t--· Clearing Member 529 1347334 0.51._
Other Bodies Corporate 929 2688309 1.04
Sub Total ~) 284005 88299265 34.27
J Non Promoter- Non Public- TRUST/IEPF 22- 82956 0.03
Sub Total@ 22 82956 0.03
Total (1+2+3) 284o3o I 257608888 100.00 ·-

More from MOIL Limited

Regulatory Filings 2026
May 28
Regulatory Filings 2026
May 28
Regulatory Filings 2026
May 28
Capital/Financing Update 2026
May 2
Interim / Quarterly Report 2026
Apr 29
Annual Report 2026
Apr 29
Regulatory Filings 2026
Apr 22
Regulatory Filings 2026
Apr 22
Board/Management Information 2026
Apr 15
Regulatory Filings 2026
Apr 13
View all filings →