MOIL Limited — Interim / Quarterly Report 2019

Feb 2, 2019

Website: www.moil.nic.in, E-Mail ID: compliance@moil.nic.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398

CS/NSE-BSE/2018-19/ Date 02.02.2019

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

Subject : Un-audited Financial Results for the quarter ended on 31/12/2018 and declaration of Interim Dividend

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

This is further to our letter no. CS/NSE-BSE/2018-19/525 dated 21.01.2019. In this regard, it is to inform that the Board of Directors of the Company in their meeting held today has:

1. Approved the Un-audited Financial results of the Company for the quarter and nine months ended on 31st December, 2018. We are attaching herewith a copy of the approved results along with the Limited Review Report of the Auditors.

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

1. Declared interim dividend Rs.3.00 per equity share of face value Rs.10 each for the financial year ending on 31st March, 2019.

The Record date for the purpose of payment of dividend is 15/02/2019. The date of payment of interim dividend for the financial year 2018-19 shall be 26/02/2019

Meeting Started: 10:30 am Meeting Ended: 5:15 pm

Yours faithfully,

For MOIL Limited

N. D. Pandey (Company Secretary & Compliance Officer)

Encl.: As above

MOIL LIMITED

CIN : L99999MH1962GOI012398

Statement of standalone unaudited financial results for the quarter and nine months ended 31st December, 2018

	(Prepared In Compliance with Indian Accounting Standards (IND AS))						(~in lakhs)
Sr	Particulars	I For quarter ended			For nine months ended	For financial year ended
No			31-12-2018 30-09-2018 31-12-2017			31-12-2018 31-12-2017 31-03-2018
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	(a) Revenue from operations (b) Other mcome	33277.49 4734.99	35777.46 4508.53	29980.22 4743.09	100407.58 13989.61	92590.81 13213.98	132346.08 17772.15
	Total incomt	38012.48	40285.99	34723.31			114397.19 105804.79 150118.23
	2 Expenses (a) Cost of materials consumed (b) Purchase of stock-in-rrade (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	1079.11 0.00 -2199.36 10092.98 0.00 1703.73 8844.59	864.90 0.00 1924.19 9624.81 0.00 1560.32 8733.51	732.77 ().00 -1142.92 10172.71 0.00 1569.07 7932.86	2742.24 0.00 -3065.60 29680.69 0.00 4728.77 27280.85	2152.82 0.00 2999.71 27184.35 0.00 4558.53 24201.88	2985.32 0.00 1944.15 40619.16 0.00 6244.96 33532.24
	Total expenses	19521.05	22707.73	19264.49	61366.95	61097.29	85325.83
	3 Profit/ (loss) before exceptional items and tax [1- 2)	18491.43	17578.26	15458.82	53030.24	44707.50	64792.40
	4 Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00
	5 Profit/ (loss) before tax [3 -4)	18491.43	17578.26	15458.82	53030.24	44707.50	64792.40
	6 Tax expense (a) Current tax (b) Deferred tax Total tax expense	7041.34 -575.79 6465.55	7624.47 -556.23 7068.24	5758,42 -678,37 5080.05	20263.68 -1113.49 19150.19	16040.56 -754.30 15286.26	22966.55 -373.51 22593.04
	[5 -6) 7 Net profit/ (loss) for the period from continuing operation	12025.88	10510.02	10378.77	33880.05	29421.24	42199.36
	8 Extraordinary items (Net of tax expense)	0.00	0.00	0.00	0.00	0.00	0.00
	[7 - 8) 9 Net profit/ (loss) for the period	12025.88	10510.02	10378-7'	33880.05	29421.24	42199.36
	10 Other comprehensive income A (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 loss 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	-967.84 338.20 0.00 0.00	-837.55 582.61 0.00 0.00	-106.?8 0.00 0.00 0.00	-2727.31 953.03 0.00 0.00	-454.27 0.00 0.00 0.00	-3601.27 1256.79 0.00 0.00
	11 Total Comprehensive Income for the period after taxes [9 -10)	11396.24	10255.08	10271.79	32105.77	28966.97	39854.88
	12 Paid-up equity share capital (Face value of share ~ 10 each)	25760.89	25760.89	26637.56	25760.89	26637.56	25760.89
	13 Other equity	-	-	-			254158.87
	14 Earnings per share from continuing operation (a) Basic (f I 0 each) • (b) Diluted (~ 10 each) • • EPS for the fi nancial year 2017-18 has been calculated on weighted average paid up capital (due to issue of bonus shares and buyback of shares).	4.67 4.67	4.08 4.08	3.90 3.90	13.15 13.15	18.31 18.31	21.08 21.08

MOIL LIMITED

Select information as at 31st December,2018

Sr	Particulars	As at
No		30-09-2018 31-03-2018
A	PARTICULARS OF SHAREHOLDING 1 Public shareholding
	Number of shares (a) (b) Percentage of shareholding	88382221 34.31%	88382221 34.31%
	2 Promoters and promoter group shareholding (a) Pledged/encumbered: Number of shares	Nil	Nil
	Percentage of shares (as a % of total shareholding of promoter and promoter group)	N.A.	N.A.
	Percentage of shares (as a % of total share capital of the company)	N.A.	N.A.
	(b) Non-encumbered : Number of shares	169226667	169226667
	Percentage of shares (as a % of total shareholding of promoter and promoter group)	100.00%	100.00%
	Percentage of shares (as a% of total share capital of the company)	65.69%	65.69%

MOIL LIMITED

Segment-wise revenue, results for the quarter and nine months e nde d 31st December, 2018 and assets and liabilities a s o n that date.

							(~in lakhs)
			For quarter ended			For nine months ended
Sr	Particulars
No		Unaudited	31-12-2018 30-09-2018 31-12-2017 31-12-2018 31-12-2017 31-03-2018 Unaudited	Unaudited	Unaudited	Unaudited	Audited
	1 Segme nt r evenue
	(a) Mining products	31262.44	32948.04	28626.75	93998.20	86550.11	122674.73
	(b) Manufactued products	2485.43	3006.20	1594.02	7143.71	6600.78	10564.66
	(c) Power	174.77	507.58	199.20	1225.48	1101.59	1322.15
	Sub-total	33922.64	36461.82	30419.97	102367.39	94252.48	134561.54
	(-) Inter-segment revenue	645.15	684.36	439.75	1959.81	1661.67	2215.46
	Gross sales/ income from operations	33277.49	35777.46		29980.22 100407.58		92590.81 132346.08
	2 Segment results [Profit/ (-)loss be fore tax and inte rest]
	(a) Mining products	12906.85	12050.61	10299.92	36311.58	28931.39	42269.74
	(b) Manufactued products	764.28	603.02	308.55	1771.34	1717.87	3772.32
	(c) Power	85.31	416.10	107.2p	957.71	844.26	978.19
	Sub-total	13756.44	13069.73	10715.73	39040.63	31493.52	47020.25
	(+) Other unallocable income (net of unallocable expenditure)	4734.99	4508.53	4743.09	13989.61	13213.98	17772.15
	Profit from ordinary activities before uceptiooal items a nd tax	18491.43	17578.26	15458.82	53030.24	44707.50	64792.40
	3 Segment assets
	(a) Mining products	82165.22	76491.79	66011.34	82165.22	66011.34	75060.31
	(b) Manufactued products	4879.41	4567.76	3652.24	4879.41	3652.24	3417.75
	(c) Power	6354.19	6648.32	2907.82	6354.19	2907.82	6179.54
	(d) Unallocated	259466.10	256411.24	256891.93	259466.10	256891.93	239395.68
	Total		352864.92 344119.11 329463.33 352864.92 329463.33 324053.28
	4 Segment liabilities
	(a) Mining products	23050.19	20842.11	8225.2?	23050.19	8225.25	18196.53
	(b) Manufactued products	1423.27	712.66	434.98	1423.27	434.98	669.55
	(c) Power	1378.71	1331.14	781.70	1378.71	781.70	1575.06
	(d) Unallocated	22751.25	28367.94	20137.47	22751.25	20137.47	23692.38
	Total	48603.42	51253.8 5	29579.40	48603.42	29579.40	44133.52

Notes:

1 The above results, reviewed by the Audit Committee, have been approved by the Board of Directors in its meeting held on znd February, 2019 and have been reviewed by statutory auditors of the company.

2 This statement has been prepared In accordance with the Companies (Indian Accounting Standards) Rules, 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 -5, resolved during the quarter- 5 and pending as at 31.12.2018 -1.

4 The Company has opted to publish the financial results on standalone ba.sis only.

5 The Board has approved an Interim dividend of ~ 3 per equity share for the financial year 2018-19.

6 Previous period's figures have been regrouped/reclassified, wherever necessary to make them comparable.

For MOIL Limited,

M. P. Chaudhari

Chairman-cum-Managing Director DIN : 05339308

Place : New Delhi Date : 02'"' February,20 i9

DEMBLE RAMANI & Co. CHARTERED ACCOUNT ANTS

201, M. G.HOUSE, R. T. ROAD, CTVIL LINES, NAGPUR-440 001. PHONE: (0712) 6603 630 I 631 I 632

E-mail: dembleramani@yahoo.co.in contact@dembleramani.com Website: www.dembleramani.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 31st December 2018 ("the statement"), 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 Accountants of India. This standard requires that we plan and perform

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 RAMANI & CO.

Partner

Mem No. : 030537

FRN: 102259W

Place : NEW DELHI Date : 02/02/2019