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NMDC Ltd Interim / Quarterly Report 2019
61742_rns_2019-11-20_fcce3d2a-cc9e-4f5c-b3f7-80f8f4f2029a.pdf
Interim / Quarterly Report
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"Cf'~ tr~ R:t~ti NMDC Limited
(1f1'«'1 ~ Cf;'f ;fPf) (A GOVT. OF INDIA ENTERPRISE)
C61<l<1<l : ', 10-3-311. . lffiITTr 'tC6, C::\f!lIC::- 500 028. Regd. Office : 'Khanij Bhavan' 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500 028. m ~~I Corporate Identity Number: L13100AP1958 GOI 001674
No. 18(1)/ 2019-Sectt 201
hNovember 2019
| 1) The BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai-400001 | 2) | National Stock Exchangeof India Ltd.,Exchange Plaza, C-1,Block G,Bandra Kurla Complex,Bandra (E), Mumbai - 400051 |
|---|---|---|
| 3) The Calcutta StockExchangeLimited, 7, Lyons Range,Kolkata - 700001 |
Dear Sir I Madam,
- Sub: Revised Cash Flow Statements for Standalone and Consolidated Unaudited Financial Results for the half year ended 301 h September 2019
- Ref: Company's letter dated 1 l'h November 2019 submitting Unaudited Financial Results and Limited Review Report for the second quarter and half year ended 30th September 2019; NSE Symbol: NMDC; BSE Scrip Code: 526371
This is with reference to the captioned subject and Company's letter dated 11 111 November 2019 submitting Unaudited Financial Results and Limited Review Report for the second quarter and half year ended 301 hSeptember 2019, please find attached the revised Cash Flow Statements for Standalone and Consolidated Unaudited Financial Results for the half year ended 30'11September 2019, duly certified the Director (Finance) and CFO of the Company and the Statutory Auditors of the Company dated 181 hNovember 2019.
Further, this is also to submit that in Note no. 3 to the Standalone Unaudited Financial Results and Note no. 5 to the Consolidated Unaudited Financial Results the words "during current quarter" may be read as "during current period".
Please take the above information on record.
Thanking you
Yours faithfully, t:;_ Limited
A S Pardha Saradhi Company Secretary
Encl: As above
एनएमडीसी लिमिटेड (भारत सरकार का उद्यम) NMDC Limited (A GOVT. OF INDIA ENTERPRISE)
पंजीकृत कार्यालय : 'खनिज भवन', 10-3-311/ए, कैसल हिल्स, मासाब टैंक, हैदराबाद - 500 028.
Regd. Office: 'Khanij Bhavan' 10-3-311/A, Castle Hills, Masab Tank, Hyderabad-500 028. CIN: L13100TG1958 GOI 001674
Revised Unaudited Standalone Cash Flow Statement for the half year ended 30th September 2019
| INR in Crore | ||
|---|---|---|
| Half Year Ended | Half Year Ended | |
| Particulars | 30th September | 30th September |
| A. CASH FLOW FROM OPERATING ACTIVITIES | 2019 | 2018 |
| Profit/(Loss) before income tax from | ||
| Continued Operations | ||
| Discontinued Operations | 2,993.61 | 2,789.84 |
| (0.39) | (0.28) | |
| Profit before income tax including discontinued operationsAdjustments for non cash/non operational expenses: | 2,993.22 | 2,789.56 |
| Depreciation & Amortisation expense | ||
| Loss on disposal of property, plant & equipment | 162.33 | 129.10 |
| Expenditure on enabling facilities | 0.53 | 0.20 |
| Provision for bad & doubtful advances | 75.48 | 77.45 |
| Interest Income | 112.06 | 103.22 |
| Finance Costs | (202.90) | (224.91) |
| 21.45 | 20.46 | |
| Operating Profits before working capital changes | 3,162.17 | 2,895.08 |
| Adjustments for working capital changes: | ||
| (Increase)/Decrease in Short Term Investment | (412.46) | (168.41) |
| (Increase)/Decrease in Trade Receivables | (993.30) | 214.72 |
| (Increase)/Decrease in Inventories | 33.14 | 54.80 |
| (Increase)/Decrease in Other Receivables | 89.24 | (254.39) |
| Increase/(Decrease) in Trade payables | 11.01 | 11.45 |
| Increase/(Decrease) in Other Payable | (50.08) | (29.97) |
| Cash generated from operations | 1,839.72 | 2,723.28 |
| Income Taxes paid | (855.37) | (1, 241.46) |
| Net Cash Flow from operating activities | 984.35 | 1,481.82 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Expenditure on acquisition of tangible and intangible assets and | ||
| towards capital work in progress (net of sale proceeds) | (910.07) | (780.71) |
| Purchase of investments ( in Subsidiaries) | (0.10) | (152.81) |
| Interest received | 92.73 | 168.78 |
| Purchase of Investment (Term Deposits with more than three | ||
| months) | 229.95 | 50.23 |
| Net Cash Flow from investing activities | (587.49) | (714.51) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| (Repayment)/Proceeds from borrowings- Current | (364.15) | (500.09) |
| Deposits (paid)/Withdraw towards LCs, BGs & Others (towards non | ||
| fund based facilities) | 0.05 | 19.01 |
| Interest paid | (21.34) | (20.36) |
| Dividends paid including dividend distribution tax | ||
| Net Cash Flow from financing activities | (385.44) | (501.44) |
| Net increase (decrease) in Cash and Cash Equivalent | 11.42 | 265.87 |
| Opening Balance of Cash & Cash equivalents | 38.33 | |
| Closing Balance of Cash & Cash equivalents | 25.97 | |
| 49.75 | 291.84 |
For M/s Sagar And Associates Chartered Accountants
FRN: 003510S မြွ
(CA B Srinivasa Rao) Partner Partner Membership No.: 202352 UDIN: 19202352AAAAFM7684 Place: Hyderabad Dated 18th November 2019
For NMDC Limited
(Amitava Mukherjee) Director (Finance) DIN: 08265207
एन एम डी सी लिमिटेड(भारत सरकार का उद्यम) NMDC Limited (A GOVT. OF INDIA ENTERPRISE)
पंजीकृत कार्यालय : 'खनिज भवन', 10-3-311/ए, कैसल हिल्स, मासाब टेंक, हैदराबाद - 500 028.
Regd. Office: 'Khanij Bhavan' 10-3-311/A, Castle Hills, Masab Tank, Hyderabad-500 028.
$INR$ in $C$ rore
CIN: L13100TG1958 GOI 001674
Revised Unaudited Consolidated Cash Flow Statement for the half year ended 30th
September 2019
| Particulars | Half Year Ended30th September2019 | Half Year Ended30th September2018 |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit/(Loss) before income tax from | ||
| Continued Operations | 2,990.61 | 2,787.64 |
| Discontinued Operations | (0.39) | (0.28) |
| Profit before income tax including discontinued operations | 2,990.22 | 2,787.36 |
| Adjustments for non cash/non operational expenses: | ||
| Depreciation & Amortisation expense | 162.56 | 129.12 |
| Loss on disposal of property, plant & equipment | 0.53 | 0.20 |
| Expenditure on enabling facilities | 75.48 | 77.45 |
| Provision for bad & doubtful advances | 112.06 | 103.22 |
| Interest Income | (203.08) | (225.29) |
| Finance Costs | 21.45 | 20.46 |
| Operating Profits before working capital changes | 3,159.22 | 2,892.52 |
| Adjustments for working capital changes: | ||
| (Increase)/Decrease in Short Term Investment | (412.46) | (168.41) |
| (Increase)/Decrease in Trade Receivables | (993.30) | 214.72 |
| (Increase)/Decrease in Inventories | 33.14 | 54.80 |
| (Increase)/Decrease in Other Receivables | ||
| Increase/(Decrease) in Trade payables | 89.8311.20 | (254.18) |
| Increase/(Decrease) in Other Payable | 11.75 | |
| Cash generated from operations | (49.21)1,838.42 | (16.68) |
| Income Taxes paid | 2,734.52 | |
| Net Cash Flow from operating activities | (855.86)982.56 | (1, 254.33) |
| B. CASH FLOW FROM INVESTING ACTIVITIES | 1,480.19 | |
| Expenditure on acquisition of tangible and intangible assets and | ||
| towards capital work in progress (net of sale proceeds) | (911.58) | (784.57) |
| Purchase of investments ( in Subsidiaries) | ||
| Interest received | (1.12) | (152.99) |
| Purchase of Investment (Term Deposits with more than three | 92.92 | 169.29 |
| months) | 233.63 | 60.74 |
| Net Cash Flow from investing activities | ||
| C. CASH FLOW FROM FINANCING ACTIVITIES | (586.15) | (707.53) |
| (Repayment)/Proceeds from borrowings- Current | ||
| Deposits (paid)/Withdraw towards LCs, BGs & Others (towards non | (364.15) | (500.09) |
| fund based facilities) | 0.05 | 19.01 |
| Interest paid | ||
| (21.45) | (20.46) | |
| Dividends paid including Dividend Distribution tax | ||
| Net Cash Flow from financing activities | (385.55) | (501.54) |
| Net increase (decrease) in Cash and Cash Equivalent | 10.86 | 271.12 |
| Opening Balance of Cash & Cash equivalents | 45.67 | |
| Closing Balance of Cash & Cash equivalents | 56.53 | 34.39305.51 |
For M/s Sagar And Associates Chartered Accountants
FRN2003510S (CA B-Srinivasa Rao) Partner Membership No. 202352 UDIN: 19202352AAAAFN8607 Place: Hyderabad
Dated 18th November 2019
For NMDC Limited
(Amitava Mukherjee) Director (Finance) DIN: 08265207