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NOCIL Ltd Interim / Quarterly Report 2021
60460_rns_2021-02-02_ad0eafcc-a844-46ac-9d7f-cbb1b08778e3.pdf
Interim / Quarterly Report
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Regd. Office: Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Tel.: +91 226657 6700,66364062 Fax +91 2266364060 Website: www.nocil.com CIN No. L99999MH1961PLC012003 Email: [email protected]
Date: 2nd February 2021
The Bombay Stock Exchange Limited "P.J. Towers" Dalal Street, Mumbai-400001 Scrip Code: 500730
The National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai-40005 I Symbol: NOCIL
Dear Sir/Madam,
Subiect: Outcome of Board Meetine of the Companv held on Tuesdav. i.e.2nd Februarv.202l for approval of Un-Audited Financial Results (Standalgne and Consolidated) for the quarter and nine months ended on 3l't December. 2020
Pursuant to Regulation 30, 33(3)(b) and 33(3)(c)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with Circular (Ref No. CIR/ CFD I F ACI 6212016 dated 5th July 2016) and (Ref No. CIR/CFD/CMDL1441}}|9 dated 29th March 2019) issued by SEBI, we hereby inform you that the Board of Directors, at its meeting held today i.e.2nd February 2021 through Video Conferencing at Mafatlal House, 4th Floor, Backbay Reclamation, Mumbai - 400020 has, inter alia, approved the Un-Audited Standalone and Consolidated Financial Results for the quafter and nine months ended on 3l't December, 2020.
Accordingly, we have enclosed the following statements:
- a. Un-Audited Standalone financial results for the quarter and nine months ended 3l't December, 2020;
- b. Un-Audited Consolidated financial results for the quarter and nine months ended 31't , December,2020;
- c. Limited Review Report dated 2nd February, 2021, submitted by the Comparty's Statutory Auditors in respect of the Standalone and Consolidated un-Audited financial results.
The meeting of the Board of Directors commenced at 12.00 p.m. (lST) and concluded at 2.00 p.m, (rsr).
We kindly request you to take the above on your records and acknowledge receipt.
Thanking you,
Yours faithfully,
OCIL Limited
nt Vice President (Legal) and Company Secretary Encl: as above
KALYANIWALLA & MISTRY LLP
CHARTERED ACCOUNTANTS
REWEW REPORT TO THE BOARD OF DIRECTORS NOCIL LIMITED
LIMITED REVIEW REPORT
- l. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of NOCIL LIMITED ("the Company") for the quarter and nine months ended December 3I, 2020, together with the notes thereon, ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (initialled by us for identification). This Statement which is the responsibility of the Company's Management has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 02,2O2l , 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 ("the Act") read with relevant Rules issued thereunder, as applicable and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Perfcrrmed 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 limitect 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.
- 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 accounting standards and other recognized accounting practices and policies 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 amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. a J.
FoT KALYANIIYALI,A & MISTRY LLP CHARTERED ACCOUNTANTS Firm Regn. No.: 104607W / Wl00l66
M. No.: 42454 UDIN: 21042454AAAAAO3098
Mumbai: February 2,2021.
LLP lN : AAH ,1r7
REGISTERED OFFICE TEL, ESPLANADE HOUSE, (9t) (22) 6r5E 5zoo, 29, HAZARIMAL SOMANT 6r5E 72oo FAX: (9r) MARG, FORT, MUMBAI 4oo oor (221 51SE 6275
KALYANIWALLA & MISTRY LLP
CHARTERED ACCOUNTANTS
Independent Auditor's Review Report on Review of Unaudited Consolidated Quarterly ond Year to Date Financial Results of the Company Pursuanl to Regulation 33 of the SEBI (Listing Obligations and Disclos ure Requirements) Regulations, 20 I 5
THE BOARD OF DIRECTORS OF NOCIL LIMITED
- l. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of NOCIL LIMITED ('the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the NOCIL Group") for the quarter ended December 31,2020 and for the period from April 1,2020 to December 31,2020, together with the notes thereon, ('the Statement") attached herewith, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (initialled by us for identification).
- This Statement which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors at its meeting held on February 02,2021, 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, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- 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. A review of interim financial information consists of making inquiries, primarily ofpersons responsible for financial and accounting matters, and applying analyical 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. 3.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, to the extent applicable.
The Statement includes the results of the Company's wholly owned Subsidiary, PIL Chemicals Limited.
xil
4.
LLp tN : AAH - 3q77 REGISTEREO OFFICE: ESPLANADE HOUSE,29, HAZARTMAL sOMANt MARG, FORT, MUMBAT 4oo oor TEL.: (9r) (22) 6rj8 62oo,5r5E Tzoo FAX: (9r) (22) 6t5E 6275 KA LYA N IWA L LA & MISTRY LLP
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration ofthe review report ofthe other auditor iefened to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard 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 amendect, including the manner in which it is to be disclosed, or that it contains any material misstatement.
We did not review the interim financial result of the subsidiary included in the Unaudited Consolidated financial results of NOCIL Group; whose interim financial results reflect total revenues of Rs.43l lakhs and Rs. 1026 lakhs, net profit after tax of Rs. 23 lakhs and Rs. 60 lakhs and total comprehensive income of Rs. 24 lakhs and Rs. 62 lakhs for the quarter ended December 31,2020, and for the period from April l, 2020 to December 31, 2020, as considered in the Unaudited Consolidated financial results. These interim financial results have been reviewed by another auclitor whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included irr respect of this subsidiary, is based solely on the report of the other auditor and the p.ocidures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matter.
FoT KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS Firm Regn. No.: 104607W / Wl00l66
PARTNER M. No.:42454 UDIN: 2 I 042454AAAAAP6956
Mumbai: February 2,2021.
NOCIL LIMITED
Regd. Office: Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Website: www.nocil.com, Email: [email protected], CIN: L99999MH1961PLC012003
| ₹. in Lakhs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Standalone | ||||||||||
| Sr. No. | Particulars | For the Quarter ended on | For the Nine Months ended on | For the year ended on |
||||||
| 31.12.2020 (Unaudited) |
30.09.2020 (Unaudited) |
31.12.2019 (Unaudited) |
31.12.2020 (Unaudited) |
31.12.2019 (Unaudited) |
31.03.2020 (Audited) |
|||||
| $\mathbf{1}$ | Revenue from Operations | 27,457 | 22,159 | 19,431 | 60,267 | 63,363 | 84,629 | |||
| $\mathbf 2$ | Other Income | 158 | 91 | 128 | 1,311 | 623 | 970 | |||
| $\overline{\mathbf{3}}$ | Total Income $(1+2)$ | 27,615 | 22,250 | 19,559 | 61,578 | 63,986 | 85,599 | |||
| $\overline{\mathbf{4}}$ | Expenses | |||||||||
| a) Cost of materials consumed | 13,389 | 12,064 | 8,085 | 29,418 | 26,887 | 36,719 | ||||
| Purchases of stock-in-trade b) Change in inventories of finished goods, work-in-progress and c) |
73 | 34 | 61 | 119 | 202 | 260 | ||||
| stock-in-trade | 2,074 | (599) | 1,126 | 2,970 | 1,067 | 1,805 | ||||
| Employee benefits expense d) |
1,754 | 1,731 | 1,874 | 5,071 | 5,731 | 7,413 | ||||
| Finance costs e) |
24 | 26 | 32 | 75 | 97 | 132 | ||||
| Depreciation and amortisation expense f) |
876 | 878 | 792 | 2,632 | 2,327 | 3,242 | ||||
| Other expenses g) |
6,478 | 5,810 | 4,716 | 15,133 | 15,503 | 20,787 | ||||
| Total Expenses | 24,668 | 19,944 | 16,686 | 55,418 | 51,814 | 70,358 | ||||
| 5 | Profit Before Tax (3-4) | 2,947 | 2,306 | 2,873 | 6,160 | 12,172 | 15,241 | |||
| 6 | Tax Expense | |||||||||
| Current Tax | 565 | 459 | 768 | 1,217 | 3,211 | 3,866 | ||||
| Short/ (Excess) provision for tax relating to earlier years | (514) | |||||||||
| Deferred Tax Charge/ (Credit) | 174 | 182 | 38 | 409 | (1, 898) | (1, 723) | ||||
| Total Tax Expense | 739 | 642 | 806 | 1,112 | 1,313 | 2,143 | ||||
| $\overline{7}$ | Profit After Tax (5-6) | 2,208 | 1,664 | 2,067 | 5,048 | 10,859 | 13,098 | |||
| 8 | Other Comprehensive Income (OCI) | |||||||||
| a) Items that will be reclassified to profit or loss | ||||||||||
| b) Items that will not be reclassified to profit or loss | ||||||||||
| Remeasurements of the defined benefit plans | (59) | 46 5 |
(6) (0) |
(19) (15) |
(160) (2) |
|||||
| Income-tax on remeasurements of defined benefit plans | (5) | 1,115 | (874) | (930) | ||||||
| Change in the fair value of investments in equity instruments | 785 (87) |
(194) 23 |
(234) 28 |
(123) | (53) | (51) | ||||
| Income-tax on Change in the fair value of investments in equity instruments Other Comprehensive income for the period |
634 | (120) | (212) | 999 | (961) | (1, 143) | ||||
| 9 | Total Comprehensive income for the period (7+8) $A\cdot B\cdot\overset{\alpha}{\longrightarrow}% A\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B\cdot\overset{\beta}{\longrightarrow}B$ |
2,842 | 1,544 | 1,855 | 6,047 | 9,898 | 11,955 |
NOCIL LIMITED Regd. Office: Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Website: www.nocil.com, Email: [email protected], CIN: L99999MH1961PLC012003
| ₹. in Lakhs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Standalone | ||||||||||
| Sr. No. | Particulars | For the Quarter ended on | For the year ended on |
|||||||
| 31.12.2020 (Unaudited) |
30.09.2020 (Unaudited) |
31.12.2019 (Unaudited) |
31.12.2020 (Unaudited) |
31.12.2019 (Unaudited) |
31.03.2020 (Audited) |
|||||
| 10 | Net Profit attributable to: | |||||||||
| (a) Owners of the company | 2,208 | 1,664 | 2,067 | 5,048 | 10,859 | 13,098 | ||||
| (b) Non-Controlling Interests | ||||||||||
| 11 | Other Comprehensive Income attributable to: | |||||||||
| (a) Owners of the company | 634 | (120) | (212) | 999 | (961) | (1, 143) | ||||
| (b) Non-Controlling Interests | ||||||||||
| 12 | Total Comprehensive Income attributable to: | |||||||||
| (a) Owners of the company | 2,842 | 1,544 | 1,855 | 6,047 | 9,898 | 11,955 | ||||
| (b) Non-Controlling Interests | ||||||||||
| 13 | Paid-up Equity Share Capital (Face value ₹. 10/- each) | 16,618 | 16,593 | 16,560 | 16,618 | 16,560 | 16,561 | |||
| 14 | Reserves (excluding Revaluation Reserves) | $\qquad \qquad$ | s. | u | $\overline{\phantom{a}}$ | $\overline{a}$ | 1,01,040 | |||
| 15 | Earnings per share (of ₹.10/- each) (not annualised) | |||||||||
| - Basic | 1.34 | 1.00 | 1.25 | 3.05 | 6.56 | 7.91 | ||||
| - Diluted | 1.33 | 1.00 | 1.25 | 3.04 | 6.55 | 7.91 | ||||
| Refer accompanying notes to the financial results |
For and on behalf of the Board,
For NOCIL Limited bes
SRDeo Managing Director DIN: 01122338
Place: Mumbai Date: 02 February 2021
NOCIL LIMITED Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India.
Website : www.nocil.com, Email : [email protected], CIN : L99999MH1961PLC012003
| ₹. in Lakhs | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Consolidated For the year |
|||||||||
| Sr. No | Particulars | For the Quarter ended on | For the Nine Months ended on | ||||||
| 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 | ||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||||
| Revenue from Operations | 27,457 | 22,159 | 19,431 | 60,267 | 63,363 | 84,629 | |||
| $\overline{2}$ | Other Income | 169 | 102 | 139 | 1,345 | 605 | 917 | ||
| 3 | Total Income (1+2) | 27,626 | 22,261 | 19,570 | 61,612 | 63,968 | 85,546 | ||
| $\overline{\mathbf{4}}$ | Expenses | ||||||||
| Cost of materials consumed | 13,389 | 12,064 | 8,085 | 29,418 | 26,887 | 36,719 | |||
| Purchases of stock-in-trade b) Change in inventories of finished goods, work-in-progress and $\mathbf{C}$ ) |
73 | 34 | 61 | 119 | 202 | 260 | |||
| stock-in-trade | 2,062 | (592) | 1,126 | 2,949 | 1,067 | 1,805 | |||
| Employee benefits expense d) |
1,823 | 1,820 | 1,936 | 5,290 | 5,925 | 7,673 | |||
| Finance costs $\epsilon$ ) |
24 | 26 | 32 | 75 | 97 | 132 | |||
| Depreciation and amortisation expense f |
909 | 913 | 826 | 2,737 | 2,426 | 3,374 | |||
| Other expenses g) |
6,335 | 5,666 | 4,565 | 14,751 | 15,119 | 20,349 | |||
| Total Expenses | 24,615 | 19,931 | 16,631 | 55,339 | 51,723 | 70,312 | |||
| 5 | Profit Before Tax (3-4) | 3,011 | 2,330 | 2,939 | 6,273 | 12,245 | 15,234 | ||
| 6 | Tax Expense | ||||||||
| Current Tax | 602 | 469 | 785 | 1,271 | 3,244 | 3,887 | |||
| Short/ (Excess) provision for tax relating to earlier years | 6 | (508) | (1,879) | ||||||
| Deferred Tax Charge/ (Credit) Total Tax Expense |
172 780 |
178 648 |
55 840 |
402 1,165 |
1,365 | (1,720) 2,167 |
|||
| $\overline{7}$ | Profit After Tax (5-6) | 2,231 | 1,682 | 2,099 | 5,108 | 10,880 | 13,067 | ||
| 8 | Other Comprehensive Income (OCI) a) Items that will be reclassified to profit or loss |
٠ | ÷ | $\qquad \qquad \blacksquare$ | $\qquad \qquad \blacksquare$ | ||||
| b) Items that will not be reclassified to profit or loss | |||||||||
| Remeasurements of the defined benefit plans | (59) | 45 | (5) | 6 | (22) | (164) | |||
| Income-tax on remeasurements of defined benefit plans | (5) | $\overline{5}$ | (16) | (3) | |||||
| Change in the fair value of investments in equity instruments | 786 | (195) | (231) | 1,118 | (881) | (947) | |||
| Income-tax on Change in the fair value of investments in equity instruments | (87) | 23 | 28 | (123) | (53) | (50) | |||
| Other Comprehensive income for the period | 635 | (122) | (208) | 1,001 | (972) | (1, 164) | |||
| $\mathbf Q$ | Total Comprehensive income for the period (7+8) | 2,866 | 1,560 | 1,891 | 6,109 | 9,908 | 11,903 |
NOCIL LIMITED Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India.
Website : www.nocil.com, Email : [email protected], CIN : L99999MH1961PLC012003
| ₹. in Lakhs | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sr. No | Consolidated | ||||||||||
| Particulars | For the Quarter ended on | For the Nine Months ended on | For the year ended on |
||||||||
| 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 (Audited) |
||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||
| 10 | Net Profit attributable to: (a) Owners of the company |
2,231 | 1,682 | 2,099 | 5,108 | 10,880 | 13,067 | ||||
| Non-Controlling Interests (b) |
|||||||||||
| 11 | Other Comprehensive Income attributable to: (a) Owners of the company Non-Controlling Interests (b) |
635 | (122) | (208) | 1,001 | (972) | (1,164) | ||||
| 12 | Total Comprehensive Income attributable to: (a) Owners of the company (b) Non-Controlling Interests |
2,866 | 1,560 $\overline{\phantom{a}}$ |
1,891 $\qquad \qquad \blacksquare$ |
6,109 | 9,908 $\overline{a}$ |
11,903 $\overline{\phantom{a}}$ |
||||
| 13 | Paid-up Equity Share Capital (Face value ₹. 10/- each) | 16,618 | 16,593 | 16,560 | 16.618 | 16,560 | 16,561 | ||||
| 14 | Reserves (excluding Revaluation Reserves) | $\overline{\phantom{a}}$ | $\overline{\phantom{a}}$ | $\overline{\phantom{a}}$ | W | $\overline{\phantom{a}}$ | 1,01,963 | ||||
| 15 | Earnings per share (of $\bar{\tau}$ . 10/- each) (not annualised) - Basic - Diluted Refer accompanying notes to the financial results |
1.34 1.33 |
1.02 1.02 |
1.27 1.27 |
3.08 3.07 |
6.57 6.56 |
7.89 7.89 |
For and on behalf of the Board,
For NOCIL Limited bes S R Deo Managing Director DIN: 01122338
Place: Mumbai Date: 02 February 2021
NOCIL LIMITED
Regd. Office : Mafatlal House,3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Website : www.nocil.com, Email : investorcare(@nocil.com, CIN : L99999MHl96lpLCol2003
Notes :
- The above Statement ofStandalone & Consolidated Unaudited llnancial results ("financial results") are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requiremenls) Regulations,20l5, as amended. These financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 2,2021. These financial results are prepared in accordance with thc Indian Accounting Standards (lnd AS) as prescribed under Section 133 ofthe Companies Act,20l3, read with the relevant Rules thereunder and other accounting principles generally accepted in India.
- The above Statement of Standalone & Consolidated Unaudited financial results have been srrbiected to a limited review by the Statutory Auditors of the Company.
- The Company is primarily engaged in the business of manufacture of Rubber Chemicals" which in the context of Indian Accounting Standard (lnd AS) 108 on ' Operating Segments ', constitutes a single reportable segment.
- The Unaudited consolidated financial results of NOCIL l,imited have been prepared in accordanc:e with Ind AS ll0 'Consolidated Financial Statements'. Financial results of the wholly owned subsidiary compan).! pll Chernicals Limited (together referred to as the Nocll Group), have been consolidated with the company.
- The figures for the corresponding previous periods have beenr regrouped / restated. wherever necessary lo confbrnr with current period's classifi cation.
For and on behalfofthe Board,
For NOCIL
SRDeo Managing Director DIN : 0l 122338
Place: Mumbai Date:02 February 2021
