Rama Phosphates Ltd. — Interim / Quarterly Report 2023

Feb 14, 2023

MFG of SSP Fertilizer, Sulphuric Acid, Oleum 23% / 65%, Chlorosulfhonic Acid, Edible Soya Oil, Soya De Oiled Cake, Lecithin, MgSO, , ZnSO,(Hepta & Mono Hydrate), Mix Micronutrients, Sulphur DP, SSF, Phospho Gypsum, LABSA.

CIN: L24110OMH1984PLC033917		Ramahesphates=MFG of SSP Fertilizer, Sulphuric Acid, Oleum 23% / 65%, Chlorosulfhonic Acid, Edible Soya Oil, Soya De Oiled Cake, Lecithin,
°RPL/BMD/2023Ref:February 14, 2023Date:To,		MgSO, , ZnSO,(Hepta & Mono Hydrate), Mix Micronutrients, Sulphur DP, SSF, Phospho Gypsum, LABSA.
Bombay Stock Exchange LimitedCorporate Relationship DepartmentPhiroze Jeejeebhoy Towers,25" Floor, Dalal Street, Fort,Mumbai 400 001		National Stock Exchange of India LimitedExchange Plaza, Plot No. C/1,Block G, Bandra-Kurla Complex,Bandra (East)Mumbai400 051
524037Scrip Code:		RAMAPHOSymbol:
Dear Sir/Madam,
		SUB: OUTCOME OF BOARD MEETING
	held today have recorded and approved the following matters:	In terms of the provisions of the Regulation 30 of the SEBI (Listing Obligation and DisclosureRequirements) Regulations, 2015 we wish to inform that the Board Meeting of the Company
1.incomeThetotal	The Company has posted a net profit ofdecreasedhasfrom	812.10 lakhs for the quarter ended December31, 2022 as compared to = 2,147.55 lakhs for the quarter ended December 31, 2021.24,023.19endedlakhsquarterfor the%December 31, 2021 to = 20,795.32 lakhs for the quarter ended December 31, 2022.
	the nine months period ended December 31, 2022.	Further, the Company has posted a net profit of = 3,737.42 lakhs for the nine monthsperiod ended December 31, 2022 as compared to % 6,410.63 lakhs for the nine monthsperiod ended December 31, 2021. The total income has decreased fromz 67,118.09lakhs for the nine months period ended December 31, 2021 to = 63,282.19 lakhs for
Unaudited2.	FinancialResultstheforM/s. Khandelwal & Mehta LLP, Chartered Accountants.	monthsquarterandendednineperiod31st December, 2022 along with Limited Review Report issued by Statutory Auditors
at 3:10 p.m.		The Meeting of the Board of Directors of the Company Commenced at 2:00 p.m. and concluded
	We request you to kindly take the note of the same.
Thanking you,
Yours faithfully,For RAMA PHOSPHATES LIMITED(Bow SooBHAVNA DAVECOMPANY SECRETARY
°

SUB: OUTCOME OF BOARD MEETING

(Bow Soo

REGISTERED OFFICE : 51-52, FREE PRESS HOUSE, NARIMAN POINT, MUMBAI 400021 CIN NUMBER - L24110MH1984PLC033917 WEB ADDRESS - www.ramaphosphates.com

STATEMENT OF UNAUDITED FINANCIAL RESULTS

		Rama Phosphates Limited					amd
	REGISTERED OFFICE : 51-52, FREE PRESS HOUSE, NARIMAN POINT, MUMBAI 400021	CIN NUMBER - L24110MH1984PLC033917WEB ADDRESS - www.ramaphosphates.com
	STATEMENT OF UNAUDITED FINANCIAL RESULTS	For the Quarter & Nine Months ended 31st December 2022
;			Quarter Ended		Nine months ended		(¥ in lacs)Year Ended
Sr.No.	4Fardeulan	31st December2022	30thSeptember	31stDecember	3istDecember	3lstDecember	oe"
		1	20222(Un-audited) (Un-audited) (Un-audited) (Un-audited) (Un-audited)	20213	20224	20215	ee6(Audited)
1_	{Revenue from Operations	20,789.57	24,986.61	24,009.88	63,245.42	67,075.04	87,831.32
23	Other Income Total Income	5.7520,795.32	17.0425,003.65	13.3124,023.19	36.7763,282.19	43.0567,118.09	360.8688,192.18
4	Total Expense
	(a) Cost of Materials Consumed(b) Purchase of Stock in Trade	17,786.997.66	14,977.7739.45	16,087.2525.45	46,787.4095,36	42,032.29536,42	56,986.501,194.18
	(c) Changes in Inventories of Finished goods,	(2,125.62)	3,197.95	(49.35)	(1,845.27)	(245.04)	(954,58)
	work-in-progress and stock-in-trade(d) Employees Benefit Expenses	'787,01	816.54	680.49	2,424.59	2,172.47	3,112.37
	(e) Selling & Distribution Expenses	922.37	1,575.16	1,480.94	3,641.13	5,918.47	7,234.07
	(f) Finance Cost(g) Depreciation & Amortisation Expenses	161.75242.27	222.81254,57	181.16215.06	616.68761.84	424,65614.19	535.821,082.91
	(h) Other ExpensesTotal Expenses	1,865.8519,648.28	2,056.2023,140.45	2,549.3321,170.33	5,753.2658,234.99	7,023.3258,476.77	9,608.1678,799.43
	5 Profit from Operations before exceptional items andextra ordinary items (3-4)	1,147.04	1,863.20	2,852.86	5,047.20	8,641.32	9,392.78
	Exceptional items Profit before extra ordinary items (5-6)	-1,147.04	-1,863.20	-2,852.86	-5,047.20	-8,641.32	-9,392.75
67					-
89	{Extraordinary items Profit before Tax (7-8)	:1,147.04	:1,863.20	:2,852.86	5,047.20	-8,641.32	-9,392.75
10	Provision for Taxationi) Income Tax	272.79	396.71	683,33	1,325.41	2,294,57	2,435.88
	ii) Deferred Taxiti) Tax for Earlier Years	62.15-	87.95-	21.98-	(15.63)-	(73.86)9.98	(37.50)(9.34)
11	Total Tax Expenses Profit for the period (9-10)	334.94812.10	484.661,378.54	705.312,147.55	1,309.783,737.42	2,230.696,410.63	2,389.047,003.71
12	Other Comprehensive Income (OCI)
	[tems that will not be reclassified to Profit or Lossi) Remeasurement gain/(loss) on defined benefit plan	(8.88)	(12.20)	(28.48)	(30.15)	(92.58)	(38.58)
	ii) Gain / (Loss) on Fair Value of Investments	(3.31)	(1,17)	3.84	(5.34)	(2.21)	7.03
	iii) Income tax relating to Items that will not bereclassified to Profit or Loss	2.23	3.07	7.17	7.59	23.30	9.72
	Total Other Comprehensive Income / (expense) (OCI) netof tax13_ 'Total Comprehensive Income (11+12)	(9,96)802.14	(10.30)1,368.24	(17.47)2,130.08	(27.90)3,709.52	(71.49)6,339.14	(21.83)6,981.88
14	Paid Up Equity Share Capital(Face Value of = 10/- Per Share)	1,767.43	1,767.43	1,767.43	1,767.43	1,767.43	1,767.43
1516	Reserves Excluding Revaluation Earning Per Share (EPS) in Rupees						25,196.94
	Basic & Diluted EPS (not annualised)
	a) Basic EPS (not annualised)b) Diluted EPS (not annualised)	4.594.59	7.797.79	12.1412.14	21.1221.12	36.2336.23	39.5839,58
	Gee'ae		2==>—

Sowing Seeds for the Growing needs........

							Rama
	Segment wise Revenue, Results and Capital Employed
Sr.	Particulars		Quarter Ended			Nine months ended	(% in lacs)Year Ended
i		31st December}.	>vth	aist	ast	3ist	31st March
		2022	September2022	December2021	December2022	December2021	2022
1	Segment Revenue		(Un-audited) (Un-audited) (Un-audited) (Un-audited) (Un-audited)				(Audited)
	*Fertilizers, Micro Nutrients & Chemicals	16,370.53	24,889.51	21,642.25	57,872.08	58,272.68	75,911.14
	Soya/AgriNet sales / Income from operations	4,419.0420,789.57	97.1024,986.61	2,367.6324,009.88	$373.3463,245.42	8,802.3667,075.04	11,920.1887,831,32
	2 Segment Result
	Profit after depreciation but before Int. & Taxation*Fertilizers, Micro Nutrients & Chemicals	1,472.91	2,464.75	3,480.07	6,581.47	9,831.44	11,168.78
	Soya/Agri	89.50	(118.87)	(75.13)	(161.63)	48.88	(28.30)
	TotalLess :	1,562.41	2,345.88	3,404.94	6,419.84	9,880.32	11,140.48
	i) Interestii) Other Unallocable expenses - net	(161.75)(253.62)	(222.81)(259.87)	(181.16)(370,92)	(616.68)(755.96)	(424.65)(814.35)	(535.82)(1,211.91)
	Profit before Tax & Exceptional items	1,147.04	1,863.20	2,852.86	5,047.20	8,641.32	9,392.75
	Exceptional itemsProfit before tax	21,147.04	-1,863.20	>2,852.86	75,047.20	-8,641.32	=9,392.75
	3 Segment Assets
	"Fertilizers, Micro Nutrients & ChemicalsSoya/Agri	46.173.012,640.50	46,679.761,020.93	37,212.151,884.04	46,173.012,640.50	37,212.151,884.04	41,289.382,338.18
	UnallocableTotal	1,125.0349,938.54	1,418.3049,118.99	1,285.8640,382.05	1,125.0349,938.54	1,285.8640,382.05	669.4444,297.00
	4 Segment Liabilities
	*Fertilizers, Micro Nutrients & ChemicalsSoya/Agri	13,783.914,461.95	17,125.96196.88	11,434.68573.84	13,783.914,461.95	11,434.68573.84	14,960.121,140.04
	Unallocable	41,160.34	2,065.95	1,702.87	1,160.34	1,702.87	1,232.47
	TotalTotal Capital Employed (3-4)	19,406.2030,532.34	19,388.7929,730.20	13,711.3926,670.66	19,406.2030,532.34	13,711.3926,670.66	17,332.6326,964.37

*Fertilizer Segment includes Non-Subsidised Fertilizers.

Notes:

1. The above results have been reviewed by the Audit Committee and were taken on the record by the Board at their Board meeting held on 14th February, 2023. The Statutory Auditor has carried out a Limited Review of the Unaudited Financial Result for the Quarter & Nine month ended 31st December. 2022.

2. Tax, including Deferred Tax is accounted based on quarterly results and difference, if any, will be adjusted in the last quarter for annual tax/deferred tax.

3. The Statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind As) prescribed under section 133 of the Companies Act, 2013 and the other recognised accounting practices and policies to the extent applicable.

4. Figures of the previous quarter/period have been regrouped/rearranged, where ever necessary to make them comparable.

Place : Mumbai Date : 14th February, 2023 By order of the Board For Rama Phosphates Ltd.

Nilanjana H. Ramsinghani Director DIN 01327609

Khandelwal & Mehta LLP

Chartered Accountants (LLP No.AAE-3742)

Independent Auditor's Report on Quarterly and Nine monthly Unaudited Financial Results of Rama Phosphates Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To, The Board of Directors, Rama Phosphates Limited Mumbai.

• 1, We have reviewed the accompanying statement of unaudited financial results of Rama Phosphates Limited ('the Company'} for the quarter and nine months ended 31% December, 2022, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulation} as amended, read with SEBI Circular No. CIR/CFD/CMDI/44/2019 dated March 29, 2019 ('the Circular').
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, read with the Circular, is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion 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 above, 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 Standards ('Ind AS") specified under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued there under and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Khandelwal & Mehta LLP Chartered Accountants (Firm Regn.no.W100084)

Digitally signed by SUNIL SUNIL LAKHMICHAND LAKHMICHAND KHANDELWAL Date: 2023.02.14 KHANDELWAL 13: 50. 10 +05°30'

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