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Rapicut Carbides Ltd. — Interim / Quarterly Report 2020
Feb 13, 2021
61106_rns_2021-02-13_74dcc5f2-f364-4dd1-bfb7-bab2292581ac.pdf
Interim / Quarterly Report
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Corporate Relations Dept. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.
REF:RCL:KMS:BSE-BM-OUTCOME/21:
Date: 13th February, 2021
Dear Sir/ Madam,
Sub: Outcome of Board Meeting held on Saturday, 13th February, 2021. Scrip Code: 500360
We hereby inform you that as per Regulation 30 and 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and with reference to our letter No. RCL:KMS:BSE-INTIMN-BM258/21: dated 30ft)l/2021, at the Board Meeting of the Company convened today i.e., 13th February, 2021, the following item was approved :-
1) Unaudited Financial Results for the third quarter ended 31st December, 2020.
You are requested to take note of the same.
Thanking You,
Yours faithfully,
For RAPICUT CARBIDES LIMITED
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Kamlesh M. Shinde (Company Secretary and Compliance Officer)
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Encl: As above.
Rapicut Carbides Limited
Regd. Office & Works: 119, GIDC Industrial Area, On National Highway BOM-AHM, Ankleshwar - 393 002. Gujarat (India) Tel.: +91 (2646) 251118, 221071, 7622002203 E-Mail: [email protected] I [email protected] www.rapicutcarbides.com I www.rapicutcarbides.in CIN : L2891 0GJl 977PLC002998
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E-Mail: [email protected] I [email protected] CIN : L2891 0GJl 977PLC002998
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UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020.
| UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020. | UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020. | UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020. | UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020. | UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2020. |
|---|---|---|---|---|
| (Rs. in Lakhs) Sr. . Quarer ended Year to date fgure for Year ended No. Particulars 31/12/2020 30/0/202031/12/201931/12/2020 31/12/2019 31/03/2020 (Unaudited)(Unaudited)(Unaudited (Unaudited) (Unaudited) (Audited) 1Income |
||||
| al Revenue from operations 746 712 670 |
**1772 ** | 2517 | 3357 | |
| b) Other Income ~~-~~ ~~-~~ ~~-~~ |
~~-~~ | ~~-~~ | 3 | |
| 2 | Total Revenue 746 712 670 Expenses: |
1772 | 2517 | 3360 |
| al Cost of materials consumed 582 273 263 |
979 | 1568 | 2160 | |
| b) Changes In inventories of fnished goods work-in-progress and Stock-In-Trade (32) 221 192 |
230 | 135 | 145 | |
| c) Employee benefts expense 120 95 121 d) Finance costs 2 7 9 |
330 11 |
383 28 |
525 36 |
|
| el Depreciation and amortlrtlon expense 19 20 22 |
59 63 |
8 | ||
| f Other expenses 135 99 109 |
303 329 |
**452 ** | ||
| Total expenses 826 715 716 |
1912 2506 |
3402 | ||
| 3 | Profit before exceptional Items and tax (80) (3) (46) |
(140) 11 |
(42) | |
| 4 Exceptional Items ~~-~~ ~~-~~ ~~-~~ 5 • Proft before tax (80) (3) (46) |
~~-~~ ~~-~~ (140) 11 |
~~-~~ (42) |
||
| 6 | Tax expense: | |||
| a) Current tax ~~-~~ ~~-~~ **(14) ** |
~~-~~ 2 |
~~-~~ | ||
| b) Earlier years tax ~~-~~ ~~-~~ ~~-~~ |
2 ~~-~~ |
~~-~~ | ||
| cl Deferred tax (18) (14) ~~-~~ |
(32) (1) |
(34) | ||
| 7 | Proft (Loss) for the period from contlnuln1 operations (62) 11 (32) |
(110) 10 |
(8) | |
| 8 | Other Comprehensive Income | ~~-~~ | ||
| AJ (i) Items that will not be reclassifed to proft or loss (10) (7) ~~-~~ |
(17) (5) |
(2) | ||
| (ii) Income tax relating to Items that will not be reclasslfed io proft or loss 3 2 ~~-~~ |
5 ~~-~~ |
~~-~~ | ||
| BJ (I) Items that will be reclassifed to proft or loss ~~-~~ ~~-~~ ~~-~~ |
~~-~~ ~~-~~ |
~~"~~ | ||
| (ii) Income tax relating to Items that will be reclasslfled to proft or loss ~~-~~ ~~-~~ ~~.~~ |
~~-~~ ~~-~~ |
~~-~~ | ||
| 9 | Total Comprehensive Income for the period (69) 6 (32) |
(122) 5 |
(10) | |
| (Comprising Proft (Loss) and Other Comprehensive Income for the period) ~~-~~ ~~-~~ ~~-~~ |
~~-~~ ~~-~~ |
~~-~~ | ||
| 10 | Earnings per equity share: (Rs. 10/- each) ~~-~~ ~~-~~ ~~-~~ |
~~-~~ ~~-~~ |
~~-~~ | |
| (1) Basic (1.28) 0.11 (0.60) |
(2.28) 0.09 |
(0.19) | ||
| (2) Diluted (1.28) 0.11 (0.60) |
(2.28) 0.09 |
(0.19) |
NOTES:-
-
(1) The above Unaudited Financial Results for the Third Quarter ended 31st December, 2020 have been recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on 13th February, 2021.
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(2) The Company has only one reportable primary business segment as per IND AS 108 i.e. Tungsten & Tungsten Carbide Products .
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. (3) Other Comprehensive Income/Expenses comprises of revaluation gain/loss due' to change in fair market value of Investments and remeasurement of retirement benefits.
-
(4) Figures for the previous period have b!!en regrouped, reclassified and restated wherever necessary to make them comparable with the figures of the previous period.
Place: Ankleshwar Date : 13th February, 2021
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Rapicut Carbides Limited
Regd. Office & Works: 119, GIDC Industrial Area, On National Highway BOM·AHM, Ankleshwar - 393 002. Gujarat (India) Tel. : +91 (2646) 251118, 221071, 7622002203 E-Mail: [email protected] I [email protected] www rapicutcarbides.com I www.rapicutcarbides.in CIN: L28910GJ1977PLC002998
E-Mail: [email protected] I [email protected] CIN: L28910GJ1977PLC002998
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Maloo Bhatt & Co. CHARTERED ACCOUNTANTS
H.O.: 204-207, Parshwa Complex, Near Cash n Carry, Subhanpura Road, Ellorapark, Vadodara - 390 023 . +91 265 2392631 /) +91 99240 88339 i?'ili [email protected] Ell www.maloobhatt.com
Limited Review Report
Review Report to The Board of Directors Rapicut Carbides Limited Ankhleshwar
We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Baroda Extrusion Limited ('the Company') for the quarter and nine months ended on 31"[1 ] December, 2020 being submitted by the company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, as amended read with SEBI Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019. This statement, which is the responsibility of the company's management and has been approved by the board of director, has been prepared in accordance with the recognition and measurement principle laid down in Indian Accounting Standards 34, "Interim Financial Reporting" (Ind AS 34) prescribed under section 133 of Companies Act 2013, as amended, 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.
We conducted our review of the statement in accordance with 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 of financial results is 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.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with Ind AS i.e. 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 read with SEBI Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 including the manner in which it is to be disclosed, or that it contains any material misstatement.
Place: Vadodara Date: 13/02/2021
For Maloo Bhatt & Co. Chartered Accountants FR. No. 12957 W . No. 117745 uD1N: 2.J . l11-1-� SA' f\6L �s� 1-
BRANCH:
307, Orion Arcade, Near lnox, Zadeshwar Road, Bharuch, Gujarat- 392011