MOIL Limited — Interim / Quarterly Report 2021

Aug 13, 2021

MOIL LIMITED (A Government of India Enterprise)

Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR – 440 013 Website:www.moil.nic.in, E-Mail ID: compliance@moil.nic.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: 99999MH1962GOI012398

CS/NSE-BSE/2021-22/ Date: 13.08.2021

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 : Un-audited Financial Results for the quarter ended on 13/08/2021. Stock Code: NSE: MOIL BSE: 533286 ISIN: INE490G01020

Please refer to our letter dated 04.08.2021. In this connection, it is to inform that the Board of Directors of the Company, in their meeting held today, has approved Un-audited financial results of the Company for the quarter ended on 30th June, 2021.

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 new papers, as per SEBI (LODR) Regulations.

Meeting Started at 11:00 a.m. and Concluded at 3:00 p.m.

Thanking you,

Yours faithfully,

For MOIL Limited

(Neeraj Dutt Pandey) Company Secretary cum Compliance Officer

Encl.: As above

MOIL LIMITED

CIN : L99999ME1962GOI012398

Statement of un-audited financial results for the quarter ended 30th June, 2021

( ~in lakhs) (Prepared in Compliance with Indian Accounting Standards (IND AS))
Sr.	Particulars		For quarter ended
No.					financial
					year ended
					30-06-2021 31-03-2021 30-06-2020 31-03-2021
		Unaudited	Audited	Unaudited	Audited
1	(a) Revenue from operations	29332.35	45013.73	15233.48	117737.77
	(b) Other income	2085.57	3142.47	2571.94	10247.57
	Total income	31417.92	48156.20	17805.42	127985.34
2	Expenses
	(a) Cost of materials consumed	312.02	437.12	10.27	1357.21
	(b) Purchase of stock-in-trade	0.00	0.00	0.00	0.00
	(c) Changes in inventories of finished goods, stock in trade and work-in-process	1197.50	3780.69	-5912.63	6709.74
	(d) Employee benefits expense	11215.91	11620.33	10866.24	44435.84
	(e) Finance costs	0.00	0.00	0.00	0.00
	(f) Depreciation and amortisation expense	2374.64	2794.38	2188.57	9917.49
	(g) Other expenses	8230.29	13586.90	5441.02	36553.63
	Total expenses	23330.36	32219.42
				12593.47	98973.91
3	Profit/ (loss) before exceptional items and tax [1 - 2)	8087.56	15936.78	5211.95	29011.43
4	Exceptional items	0.00	0.00	5000.00	5000.00
	5 Profit/ (loss) before tax [3- 4)	8087.56	15936.78	211.95	24011.43
6	Tax expense
	(a) Current tax	2059.34	4093.17	85.26	6483.10
	(b) Deferred tax	-151.34	240.01	-61.31	-134.74
	Total tax expense	1908.00	4333.18	23.95	6348.36
7	Net profit/ (loss) for the period from continuing operation [5-6)	6179.56	11603.60	188.00	17663.07
8	Extraordinary items (Net of tax expense)	0.00	0.00	0.00	0.00
9	Net profit/ (loss) for the period [7- 8)	6179.56	11603.60	188.00	17663.07
	10 Other comprehensive income
	A (i) Items that will not be reclassified to profit or loss	-312.49	671.47	406.13	1447.91
	(ii) Income tax relating to items that will not be reclassified to profit or loss	-78.02	-209.53	-105.61	-406.14
	B (i) Items that will be reclassified to profit or loss	0.00	0.00	0.00	0.00
	(ii) Income tax relating to items that will be reclassified to profit or loss	0.00	0.00	0.00	0.00
		-390.51	461.94	300.52	1041.77
	11 Total Comprehensive Income for the period after taxes [9 + 10)	5789.05	12065.54	488.52	18704.84
	12 Paid-up equity share capital (Face value of share ~ 10 each)	23732.79	23732.79	23732.79	23732.79
	13 Other equity				258257.32
	14 Earnings per share from continuing operation
	(a) Basic(~ 10 each )	2.60	4.89	0.08	7.44
	(b) Diluted (~ 10 each) ~~--.	2.60 g-U,\ t~	4.89	0.08	7.44

~ ~~~ ::i N UR p~ ~ ~ -----·

* * v. LIM/,.x 9 ~ o>~ eredAcco~~ . ~~ I l\'2. 0' NAGPUR (\~ OJ.

MOIL LIMITED

Segment-wise revenue, results for the quarter ended 30th June, 2021 and assets and liabilities as on that date.

Sr.	Particulars	For quarter ended			For the
No.					financial
					year ended
		30-06-2021			31-03-2021 30-06-2020 31-03-2021
		Unaudited	Audited	Unaudited	Audited
	1 Segment revenue
	(a) Mining products	27402.67	41392.27 3937.81	14250.55 727.22	108617.80
	(b) Manufactured products (c) Power	2159.37 579.31	397.73	457.75	10292.47 1643.66
	Sub-total	30141.35	45727.81	15435.52	120553.93
	( - ) Inter-segment revenue	809.00	714.08	202.04	2816.16
	Gross sales/income from operations	29332.35	45013.73	15233.48	117737.77
	2 Segment results [Profit/(-)loss before exceptional items, tax and interest]
	(a) Mining products	5054.07	11783.63	2385.81	16891.99
	(b) Manufactured products	551.97	839.90	-10.67	1078.90
	(c) Power Sub-total	395.95 6001.99	170.78 12794.31	264.87 2640.01	792.97 18763.86
	( + ) Other unallocable income (net of unallocable expenditure)	2085.57	3142.47	2571.94	10247.57
	Profit from ordinary activities before exceptional items and tax	8087.56	15936.78	5211.95	29011.43
	3 Segment assets
	(a) Mining products	91390.86	91685.28	98831.18	91685.28
	(h) Manufactured products	3514.57	3566.89	5702.21	3566.89
	(c) Power (d) Unallocated	7841.39 239585.03	7985.88 235794.03	8419.36 211186.09	7985.88 235794.03
	Total	342331.85	339032.08	324138.84	339032.08
	4 Segment liabilities
	(a) Mining products	34501.63	33271.40	27953.59	33271.40
	(b) Manufactured products	1190.39	1744.12	1033.80	1744.12
	(c) Power	1351.81 17508.86	1323.21 20703.24	1359.49 16965.01	1323.21 20703.24
	(d) Unallocated Total	54552.69	57041.97	47311.89	57041.97
	Notes:
	(1) The above results, reviewed by the Audit Committee, have been approved by the Board of Directors in its meeting held on 13th August,2021 and have been reviewed by statutory auditors of the company as required under Regulation 33 of Securities and Exchange Board oflndia (Listing Obligation and Disclosure
	Requirements) Regulations,20 15.
	(2) The results for the quarter are not comparable with other quarters due to lockdown in April-May'2020 and periodical quarantining of employees in current
	period, affecting production, sales etc.
	(3) Information about investor complaints for the quarter : Opening - Nil, received during the quarter -1 , resolved during the quarter -I and pending as at 30.06.2021 -Nil.
	( 4) Previous period's figures have been regrouped/reclassified, wherever necessary to make them comparable.
	For MOIL Limited,			For M/s Demble Ramani & Co.,
	~		Chartered Accountants
	LIM1.)' ,	~~ ·s Registration Number: 102259 W
	0 ~:2 NAGPUR ~,
	8 ~Q_Q~ * CA Ashok Ramani M.P. Chaudhari
	Chairman-cum-Managing Director		Partner
	DIN : 05339308			Membership Number: 030537
	Place : Nagpur
	Date : 13th August,2021

DEMBLE RAMANI & Co. 201, M. G.HOUSE, R. T. ROAD,

CIVIL LINES, NAGPUR-440 001. CHARTERED ACCOUNTANTS PHONE: (0712) 6603 630 ^I631 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 finc=~nc:inl results of Moil Limited r'the c:ompc:~ny") for the quc:~rter ended 30thJune 2021 ("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 Chartered Accountants of India. This standard requires that we plan and perform the 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 RAMANI & CO. Chartered Accountants

CA ASHOK RAMANI Partner Mem No. : 030537 FRN : 102259W UDIN- 21030537AAAACA6616

Place : N agpur Date : 13/08/2021