NACL Industries Limited — Interim / Quarterly Report 2019

Nov 12, 2018

Ref: NACL/SE/2018—19 12th November, 2018

Dalal Street, Plot N0.C/ 1 G Block, Mumbai —

1. BSE Limited 2) National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5thFloor Fort, Mumbai, Bandra —Kurla Complex, Bandra (E) 400001 Mumbai-400051.

Dear Sir,

Sub: Outcome of Board Meeting reg.

Ref: Stock Code: 524709 - Trading Symbol: NACLIND

We wish to inform that the Board of Directors in its meeting held on today i.e., Monday, the 12th day of November, 2018 has inter—alia, approved the Standalone Un—audited Financial Results for the second quarter and half—year ended 30th September, 2018. The copy of the said results together with the Statutory Auditor's Limited Review Report thereon are enclosed herewith.

The said Board Meeting was commenced at 2:30 p.m and concluded at 6.15 p.m.

Thanking you,

for NACL Industries Limited

\ LUZ/211,0!" /

Satish Kumar Subudhi Company Secretary &, Head—Legal

Regd. Office : Plot No' 12—A, '0' Block, Lakshmi Towers, No. 82248/1/7/78, Nagarjuna Hills, Paniagutla, Hyderabad - 500 082, Telangana, lNDIA. Phone : +91-40-33605100/123, Fax : +91-40-23358062 E—mail : info@naclind.com Website : www.nac|ind.com ClN : L24219TG1986PLC016607

|| Sy. No. 1710 & 1711, Anthireddyguda Road. Nandigaon 532403, AP, Ethakota-533238, Ravulapalem Mandal Village & Mandal, R.R.District, Telangana - 509228

NACL Industries Limited

(formerly Nagarjuna Agrichem Limited)

Regd.0ffice: Plot No. 12—A, 'C' Block, Lakshmi Towers, No.8-2-248/1/7/78, Nagarjuna Hills, Punjagutta, Hyderabad 500 082, Telangana, India

Phone204O—33605123/124,Fax:O4O-23350234/23358062,E—mailrinfo@naclind.com,Website:www.naclind.com

CIN:L24219TG1986PLC016607

Statement of Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2018

? in Lakhs

SI. No	Particulars	Quarterended30.09.2018	endedQuarter30.06.2018	endedQuarter30.09.2017	Halfendedyear30.09.2018	Halfendedyear30.09.2017	endedYear31.03.2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Revenue fromoperations	28,617	21,820	30,684	50,437	48,835	86,517
2	Otherincome	475	719	226	1,194	708	2,124
3	Totalincome(1+2)	29,092	22,539	30,910	51,631	49,543	88,641
4	Expenses
	(a) Cost ofmaterialsconsumed	16,568	16,902	15,833	33,470	28,307	48,614
	(b) Purchase ofstock-in—trade	2,123	383	2,089	2,506	2,623	6,271
	(c) Changes in inventoriesoffinishedwork—in—progress and stock-in-tradegoods,	582	(2,392)	3,420	(1,810)	125	1,348
	(d) Excise duty	—	—	-	-	1,911	1,911
	benefits(e) Employeeexpense	1,897	1,966	1,865	3,863	3,414	6,903
	(f) Finance costs	797	814	795	1,611	1,599	3,342
	and amortisation(g) Depreciationexpense	519	516	704	1,035	1,400	1,977
	(h) Otherexpenses	5,795	4,286	5,154	10,081	9,079	16,817
	Totalexpenses	28,281	22,475	29,860	50,756	48,458	87,183
5	Profitbeforetax(3—4)	811	64	1,050	875	1,085	1,458
6	Tax expense:
	(3) Currenttax	311	21	588	332	765	540
	(b) Deferredtax	(30)	(67)	(254)	(97)	(579)	(154)
	Tax expense	281	(46)	334	235	186	386
7	fortheProfitperiod(5-6)	530	110	716	640	899	1,072
8	OtherIncomeComprehensive
	thatwillofnottostatementItemsbe reclassifiedand lossprofit
	Re—measurement ofthebenefitdefinedobligation	(31)	23	—	(8)	22	71
	taxon theIncomeaboveexpense	11	(8)	-	3	(8)	(25)
	forOtherthenetoftaxIncomeperiod,Comprehensive	(20)	15	-	(5)	14	46
9	fortheTotalIncomeperiodComprehensive(7+8)	510	125	716	635	913	1,118
10	of(Face valueShare Capital3 1/—Paid-up Equityeach)	1,563	1,563	1,561	1,563	1,561	1,563
11	OtherEquity
12	Earnings Per Share"
	(a) Basic (in3)	0.34	0.07	0.46	0.41
	(b) Diluted(in s)	0.34	0.07	0.46	0.41
*EPS fortheis notannualisedquarterlyperiods

Liabilities

? in	Lakhs

	? inLakhs
		As at	As at
SI.	Particulars	30.09.2018	31.03.2018
No.		(Unaudited)	(Audited)
	ASSETS
l1	assetsNon-current
	andequipmertplant(a) Property,	14,222	14,893
	work—in—progress	858	220
	(b) Capitalassets(c) Intangible	660	891
	assets underdevelopment(d) Intangible	425	252
	assets(e) Financial
	(i) Investments	855	526
	(ii) Loans	230	167
	financialassetsOther(iii)	311	312
	non—current assets(f) Other	255	147
	Tax Assets(g) Income	492	492
	assetsnon-currentTotal	18,308	17,900
2	assetsCurrent
	(a) Inventories	24,255	20,208
	assets(b) Financial
	receivables(i) Trade	34,131	28,668
	entsCash andcash equiva	510	668
	(ii)balancesOtherbank	178	156
	(iii)assetsfinancial(iv) Other	80	170
	currentassets	4,763	3,104
	(c) OthercurrentassetsTotal	63,917	52,974
	Totalassets	82,225	70,874
ll	EQUITY ANDUABILITIES
1	Equity
	sharecapital(a) Equity	1,563	1,563
	(b) Otherequity	22,336	21,937
	Totalequity	23,899	23,500
2	Non—currentliabilities
	liabilities(a) Financial
	(i) Borrowings	1,219	2,024
	liabilitiesfinancialOther(ii)	1,182	1,224
	(b) Prov'sions	335	299
	liabilitiestax(net)(c) Deferred	721	678
	liabilitiesTotalnon—current	3,457	4,225
3	LiabilitiesCurrent
	liabilities(a) Financial
	(i) Borrowings	21,544	19,871
	Tradepayables(ii)	29,655	18,416
	liabilitiesfinancialOther(iii)	1,908	2,323
	(b) Provisions	163	156
	liabilitiestax(net)(c) Current	71
	liabilitiescurrent(d) Other	1,528	2,376
	liabilitiescurrentTotal	54,869	43,149
	liabilitiesandTotalequity	82,225	70,874

Notes :

• 1 These unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 12, 2018. The statutory auditors have carried out a limited review of the financial results.
• 2 In accordance with clause 33(3)(b)(i) of the Securities and Exchange Board of India (Listing obligations and disclosure requirements) Regulation, 2015, the Company has opted to submit the quarterly financial results on Standalone basis.
• 3 The Company is primarily engaged in the Farm Inputs Business, which in the context of Ind AS 108 "Operating Segments" is considered the only significant business segment.
• The Company's Business is seasonal in nature and the performance can be impacted by weather conditions.
• 5 The Government of India introduced the Goods and Services Tax (GST) with effect from July 1, 2017. Accordingly, in compliance with the Indian Accounting Standard (Ind AS), revenue from operations for the period beginning July 1, 2017 to March 31, 2018 is presented net of GST. Revenue from operations of earlier periods included excise duty which now is subsumed in GST. Hence, the revenues of the half year ended September 30, 2018 and September 30, 2017 are not strictly comparable.
• 6 Comparative figures have been re-grouped and recast wherever necessary, to make them comparable.

Place 2 Hyderabad Date : November 12, 2018

L9» anaging Director

NACL Industries Limited

(formerly Nagarjuna Agrichem Limited)

Regd.0ffice:PIot No.12-A,'C' BIock,Lakshmi Towers,No.8—2-248/1/7/78, Nagarjuna HiIIs,Punjagutta,Hyderabad 500 082,Telangana, India Phone:040—33605123/124,Fax:040-23350234/233S8062,E-mail:info@naclind.com,Website:www.naclind.com CIN:L24219TG 1986PLC016607

Extract of the Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2018

				?inLakhs
SI.No.	Particulars	endedQuarter2018September30,	HalfYearended2018September30,	endedQuarter2017September30,
		(Unaudited)	(Unaudited)	(Unaudited)
1	fromTotalIncomeOperations	29,092	51,631	30,910
2	/fortheNetProfit&Taxand/orExtraordinaryperiod(beforeExceptionalitems)(Loss)	811	875	1,050
3	/forProfitthebeforeNetand/orperiod(afterExtraordinaryitems)Tax,Exceptional(Loss)	811	875	1,050
4	/forafterProfittheNetand/or(afteritems)periodExceptionalExtraordinaryTax,(Loss)	530	640	716
5	forforthetheTotalIncomeand(afterComprehensiveperiodProfit/(Loss)periodtax)(Comprising	510	635	716
	OtherIncome(afterComprehensivetax)
6	SharePaid—up EquityCapital	1,563	1,563	1,561
7	iShare(of1 each)Earningsper
a)	Basic	0.34	0.41	0.46
b)	Diluted	0.34	0.41	0.46

Notes:

1 These unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 12, 2018. The statutory auditors have carried out a limited review of the financial results.

2 The above is an extract of the detailed format of Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2018 filed with BSE Limited & NSE Limited under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2018 is available on the website of BSE & NSE Limited and Company's website at www.naclind.com

Place :Hyderabad Date : November 12, 2018

.VijayS ar Managing Director

I Chartered Accountants De Oltte KRB Towers, Plot No.1 to 4 & 4A - "l", 2"" & 3'" Floor HaSklns & sells LLP Jubilee Enclave, Madhapur

Hyderabad - 500 081 Telangana, India

Tel: +91 40 7125 3600 Fax: +91 40 7125 3601

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF NACL INDUSTRIES LIMITED (formerly "Nagarjuna Agrichem Limited")

1. We have reviewed the accompanying Statement of Unaudited Financial Results of NACL Industries Limited (formerly "Nagarjuna Agrichem Limited") ("the Company"), for the Quarter and Half year ended September 30, 2018 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

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 Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the 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 the Statement based on our review.

• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 procedures 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.
• 1. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid 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, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HA KINS & SELLS LLP C artered Accountants (Firm's Registration No. '17366W/W—100018)

Place: Hyderabad Date: November 12, 2018