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Salasar Techno Engineering Limited Interim / Quarterly Report 2022
60476_rns_2021-08-14_4e0657ff-cc5a-45b3-9537-b18b4a906156.pdf
Interim / Quarterly Report
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States ar Techno Engineering Limited
Date: Saturday 14th 2021
| Listing Department, | Department of Corporate Services, |
|---|---|
| The National Stock Exchange of India, | The BSE Limited, |
| Exchange Plaza, C-1 Bandra Krla Complex, | Phiroze Jeejeebhoy Towers, |
| Bandra (E), Mumbai- 400051, | Dalal Street, Mumbai-400001, |
| NSE Symbol: SALASAR | BSE Scrip Code: 540642 |
Sub: Outcome of Board Meeting-Saturday 14, 2021
Pursuant to the requirements of the Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, $2015$ , we wish to inform you that at the meeting of the Board of Directors of the Company held today i.e. Saturday 14, 2021 at 1:00 P.M. through Video Conferencing. The Board of Directors have considered and transacted the following business:
- To consider and approve the Standalone and Consolidated Un-audited Financial Results for the quarter ended June 30, 2021. The said results have been subjected to limited review by the Statutory Auditors.
Copies of Un-audited Standalone and Consolidated Results and Statement of Assets & Liabilities as adopted along with Limited Review Report for the Quarter ended June 30, 2021 are enclosed herewith.
Annual general Meeting $2.$
Annual General Meeting of the Shareholders of the Company is scheduled to be held on, Saturday, 18th September, 2021 at 11:30 a.m. at through video conferencing and/or Other Audio Visual Means (VC/OAVM).
3. E-voting
In Compliance with the provision of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 amended upto date and Regulation 44 of SEBI (LODR) Regulations, 2015 the Company is providing the facility to members to exercise their right to vote by electronic means through e-Voting services provided by Central Depository Services (India) Limited (CDSL).
CIN No. - L23201DL2001PLC174076
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt Hapur-201313 Unit 2- Khasra 1184,1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Unit 3- Khasra 686/6, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Office-KL-46, Kavi Nagar, Chaziabad-201002 Read Office-E-20. South Extension 1. New Delhi-110049
+91 8938802180, 7351991000 +91 120 6546670 Fax: +91 11 45823834 -
Salasar Techno Engineering Limited
The remote e-voting period will commence on Wednesday $15th$ September, 2021 (09:00 a.m.) and ends on $17th$ September 2021 (5:00 p.m.). During this period shareholders' of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date i.e. 11th September, 2021 may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.
4. Book Closure
Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (LODR) Regulations, 2015, the register of members and Share Transfer Books will remain closed from Sunday, 12th September, 2021 to Saturday 18th September, 2021 (both days inclusive) for the purpose of Annual General Meeting and determining the members eligible to receive Dividend for the Financial Year 2020-21.
| Script Code | Type ofSecurity | Book ClosureDate | Purpose |
|---|---|---|---|
| NSE: SALASARBSE: 540642 | Equity | 12 thSunday,September, 2021 to18 th∕SaturdaySeptember,2021-Gothdays.inclusive) | Payment of dividend of Rs. 1.00/- per equity share forthe financial year ended on March 31, 2021. TheDividend on equity shares for the Financial Year2020-21, if declared, will be paid within a period of30 days from the date of Annual general Meeting, tothose members whose name appears in theCompany's Register of Members and to those personswhose name appears as beneficial owner as per thedetails to be furnished by National SecurityDepository Limited and Central Depository Services(India) Limited as the close of business hours onSeptember $11^{th}$ , 2021. |
The dividend, if declared at the $20th$ AGM will be paid to the Members within 30 days of declaration of the same.
- The meeting of Board of Directors commenced at 1:00 p.m. and concluded at $3\sqrt{3}$ , $9.$ p.m.
You are requested to take the same on record.
By Order of the Board
For Salasar Techno Engineering limited,
CIN No. | L23201DL2001PLC174076
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt Hapur-201313 Unit 2- Khasra 1184,1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Unit 3- Khasra 686/6, Khera, Pilkhuwa, Tehsil Dhaulana, Distt, Hapur-245304 Office- KL-46, Kavi Nagar, Ghaziabad-201002
+91 8938802180, 7351991000 +91120 6546670 Fax: +91 11 45823834
ARUN NARESH & CO.
Chartered Accountants
KP-1, PITAMPURA New Delhi-110088 Tel/Fax: 011-49879800, 45138005 Mobile: 9810235005 Email: [email protected]
Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Salasar Techno Engineering Limited
-
- We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Salasar Techno Engineering Limited ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as ('the Group') and its share of the net profit/(loss) after tax and total comprehensive income /loss of its associates and joint ventures for the quarter ended June 30, 2021 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulation'), read with SEBI Circular No. CIR/CFD/CMDI/44/2019 dated March 29, 2019 ('the Circular'). Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended June 30, 2020, and last quarter ended March 31, 2021, as reported in these unaudited consolidated financial results have been approved by the Parent's Board of Directors, but have not been subjected to review.
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared 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. 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 of persons responsible for financial and accounting matters, and applying analytical 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.
We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable.
- The financial statement includes results of following entities:
| S. No. | Company Name |
|---|---|
| 1. | Salasar Techno Engineering Limited |
| Subsidiary Entity | |
| 2. | - Salasar - HPL JV |
| - Salasar REW JV | |
| - Salasar Adorus Infra LLP | |
| Joint Controlled Entities | |
| 3. | Sikka Salasar JV |
-
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, 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
-
- The consolidated unaudited financial results include the unaudited interim financial results of four entities which have not been reviewed/audited by their auditors and have been certified and furnished to us by management, whose interim financial results reflect total Revenue of Rs 457.24 Lakhs and total net loss after tax (including OCI) of Rs 61.75 Lakhs for the quarter ended June 30, 2021, as considered in the consolidated unaudited financial results. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on such unaudited interim financial results. Our conclusion on the Statement is not modified in respect of the financial results certified and furnished by the management.
For ARUN NARESH & CO Chartered Accountants Firm Registration No.: 007127N
CA Arun Kumar Partner Membership No. - 084598
Place: Hapur Date: 14.08.2021 UDIN: 21084598 AAAADI8667
SALASAR TECHNO ENGINEERING LIMITED
Regd Office: E-20, South Extension-I, New Delhi -110049
vsite: www.salasartechno.com Telephone No. (011) 41648577 Email: [email protected]
CIN: L23201DL2001PLC174076
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021 (द in Lakh)
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | ||
| (Unaudited) (Unaudited) (Unaudited) | (Audited) | ||||
| 1 Income from operations | 13,279.10 | 21,150.17 | 6,317.33 | 59,658.77 | |
| $\overline{z}$ | Other Income | 206.26 | 501.07 | 61.36 | 1,015.04 |
| з. | Total Income $(1 + 2)$ | 13,485.36 | 21,651.23 | 6,378.69 | 60,673.80 |
| 4 | Expenses | ||||
| Cost of revenue from operations | 12,868.09 | 16,701.70 | 5,174.06 | 48,665,12 | |
| Changes in Inventories of Finished goods, | |||||
| Work-in-progress and others | (2,647.60) | 182.36 | (192.95) | (1,365.16) | |
| Employee benefits expenses | 834.64 | 983.99 | 537.90 | 3,090.12 | |
| Finance costs | 474.80 | 537.86 | 358.94 | 1,764.53 | |
| Depreciation and amortization expenses | 176.10 | 147.42 | 136.43 | 562.28 | |
| Other Expenses | 749.05 | 1,357.84 | 315.58 | 3,570.83 | |
| Total Expenses | 12,455.08 | 19,911.17 | 6,329.96 | 56,287.73 | |
| 5. | Profit before exceptional items & tax (3-4) | 1,030.28 | 1,740.07 | 48.73 | 4,386.08 |
| 6 | Exceptional Items | ||||
| 7. | Profit before Tax (5-6) | 1,030.28 | 1,740.07 | 48.73 | 4,386.08 |
| 8. | Tax Expenses | ||||
| Current Tax | 270.59 | 686.30 | 16.21 | 1,210.09 | |
| Deferred Tax | 25.32 | 67.79 | 12.55 | 186.09 | |
| 9 Net Profit for the period / year (7-8) | 734.37 | 985.98 | 19.97 | 2,989.90 | |
| Other Comprehensive Income (after tax) | 12.21 | 12.21 | |||
| 10 Total Comprehensive Income (after tax) | 734.37 | 998.20 | 19.97 | 3,002.11 | |
| 11 Net Profit attributable to :. | |||||
| Owners of the Company | 725.66 | 968.67 | 19.97 | 2,964.66 | |
| Non-Controlling Interest | 8.71 | 17.31 | 25.24 | ||
| 734.37 | 985.98 | 19.97 | 2,989.90 | ||
| 12 Other Comprehensive Income attributable to: | |||||
| Owners of the Company | 12.21 | 12.21 | |||
| Non-Controlling Interest | |||||
| 12.21 | 12,21 | ||||
| 13 Total Comprehensive Income attributable to: | |||||
| Owners of the Company | 725.66 | 980.89 | 19.97 | 2,976.87 | |
| Non-Controlling Interest | 8.71 | 17.31 | 25.24 | ||
| 734.37 | 998.20 | 19.97 | 3,002.11 | ||
| 14 Paid up Equity Share Capital | 1,428.53 | 1,428.53 | 1,328.53 | 1,428.53 | |
| (Face Value : ₹10 per Share) | |||||
| 15 Other Equity excluding Revaluation Reserves | N.A. | N.A. | N.A. | 23,840.25 | |
| 16 Earnings per equity share | |||||
| Basic and Diluted $($ ₹) | 5.08 | 7.24 | 0.15 | 22.15 |
| Consolidated Segmentwise Revenue, Results, Assets and Liabilities | ||||||
|---|---|---|---|---|---|---|
| Particulars | Quarter ended | Year ended | ||||
| 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | |||
| (Unaudited) (Unaudited) | (Unaudited). | (Audited) | ||||
| 1 | Segment Revenue | |||||
| a. Steel Structures | 8,695.05 | 15,155.08 | 4,653.77 | 46,864.32 | ||
| b. EPC Projects | 5,885.92 | 7,553.50 | 3,397.96 | 18,464.25 | ||
| c. Unallocated Segment | ||||||
| 14,580.97 | 22,708.58 | 8,051.73 | 65,328.58 | |||
| Less: Inter Segment Revenue | 1,301.87 | 1,558.41 | 1,734.40 | 5,669.81 | ||
| Total Revenue from Operations | 13,279.10 | 21,150.17 | 6,317.33 | 59,658.77 | ||
| 2 | Segment Results | |||||
| a. Steel Structures | 409.72 | 1,232.75 | 300.45 | 5,013.27 | ||
| b. EPC Projects | 1,248.17 | 1,028.46 | 291.56 | 1,481.66 | ||
| Total Segment Results | 1,657.89 | 2,261.21 | 592.01 | 6,494.93 | ||
| Less: | ||||||
| (i) Finance costs | 474.80 | 532.60 | 358.94 | 1,759.27 | ||
| (ii) Net unallocated expenditure/(income) | 152.81 | (11.46) | 184.34 | 349.58 | ||
| Total Profit Before Tax | 1,030.28 | 1,740.07 | 48.73 | 4,386.08 | ||
| з. | Segment Assets | |||||
| a. Steel Structures | 34,014.09 | 32,596.02 | 34,471.74 | 32,596.02 | ||
| b. EPC Projects | 17,762.38 | 19,235.34 | 6,763.76 | 19,235.34 | ||
| Total Segment Assets | 51,776.47 | 51,831.36 | 41,235.50 | 51,831.36 | ||
| Add: Unallocated | 5,180.69 | 3,510.80 | 4,172.20 | 3,510.80 | ||
| Total Assets | 56,957.16 | 55,342.16 | 45,407.70 | 55,342.16 | ||
| 4 | Segment Liabilities | |||||
| a. Steel Structures | 6,144.80 | 4,744.14 | 5,984.52 | 4,744.14 | ||
| b. EPC Projects | 3,072.39 | 4,223.64 | 1,141.55 | 4,223.64 | ||
| Total Segment Liabilities | 9,217.18 | 8,967.78 | 7,126.07 | 8,967.78 | ||
| Add: Unallocated | 21,706.21 | 21,074.98 | 17,546.90 | 21,074.98 | ||
| Total Liabilities | 30,923.39 | 30,042.76 | 24,672.97 | 30,042.76 |
Notes:
- 1 The above unaudited Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 14 -August -2021. The statutory auditors of the Company have conducted limited review of these financial results, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.
- 2 These unaudited Consolidated Financial Results are prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
-
- Figures for the quarter ended 31 March, 2021 as reported in these unaudited consolidated financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date audited figures upto the end of the third quarter of the previous financial year.
- 4 The Company is engaged in the business of two segments i.e. 1) Manufacturing of Galvanized and Non-galvanized Steel Structures i.e. Steel Structure and 2) Engineering, Procurement and Construction (EPC).
- 5 The Company has evaluated the impact of COVID pandemic on the operations of the Company. revenue, inventories, investments, property, plant & equipment, current borrowings and trade payables. The management has considered the possible effects, if any, on the carrying amounts of these assets and liabilties up to the date of approval of these results. As per the management's current assessment, no significant impact on carrying amounts of inventories, tangible assets, trade receivables, investments and other financial assets is expected, and management continue to monitor changes in future economic conditions. The company values its Inventory of Finished Goods at lower of cost and Net realisable value. The Net realisable value of all the inventories of the company is higher than their cost based on subsequent sales taken place till date and their present market prices. Hence there is no impairment risk in the inventory.
- 6 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
- 7 Operations of the Company were hampered by COVID related restrictions during the quarter ended 30th June 2021.
- 8 Figures for the previous periods / year have been regrouped, wherever necessary, to confirm to the current period's classification.
- 9 The Consolidated Financial Results for the Quarter ended June 30, 2021 are available on the website of the Company (www.salasartechno.com) and on Stock Exchanges website (www.bseindia.com and www.nseindla.com).
For and on behalf of SALASAR TECHNO ENGINEERING LIMITED
Hum a Hapur ALOK KUMAR Chairman and Managing Directo
DIN: 01474484 Date: 14-August-2021 Place: Hapur (U.P.)
ARUN NARESH & CO.
KP-1, PITAMPURA New Delhi-110088 Tel/Fax: 011-49879800, 45138005 Mobile: 9810235005 Email: [email protected]
Chartered Accountants
Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors SALASAR TECHNO ENGINEERING LIMITED
-
- We have reviewed the accompanying statement of Unaudited Standalone Financial Results of M/S SALASAR TECHNO ENGINEERING LIMITED ("the Company") for the quarter ended on 30th June 2021 (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 ('the Regulation') as amended, read with SEBI Circular No. CIR/CFD/CMDI/44/2019 dated March 29, 2019 ('the Circular').
-
- 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.
-
- 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.
-
- 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 thereunder and other recognized 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 ARUN NARESH & CO Chartered Accountants Firm Registration No. 007127N
Place: Hapur Date: 14.08.2021 UDIN: JIO 84598 AAAADH9435
SALASAR TÉCHNO ENGINEERING LIMITED
$\frac{1}{2}$
$\frac{1}{2}$
Regd Office: E-20, South Extension-I, New Delhi -110049
Website: www.salasartechno.com Telephone No. (011) 41648577 Email: [email protected] CIN: L23201DL2001PLC174076
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE, 2021.
| (₹in Lakh) | |||||
|---|---|---|---|---|---|
| Particulars | Quarter ended | Year ended | |||
| 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | ||
| (Unaudited) (Unaudited) (Unaudited) | (Audited) | ||||
| 1 | Income from operations | 12,825.92 | 20,168.12 | 6,308.50 | 58,331.18 |
| $\mathbf{2}^{\circ}$ | Other Income | 202.20 | 501.07 | 61.36 | 1,015.04 |
| 3 | Total Income $(1 + 2)$ | 13,028.12 | 20,669.19 | 6,369.87 | 59,346.22 |
| 4. | Expenses | ||||
| Cost of revenue from operations | 12,544.04 | 15,885.92 | 5,174.06 | 47,553.72 | |
| Changes in Inventories of Finished goods, | |||||
| Work-in-progress and others | (2,647.60) | 182.36 | (192.95) | (1,365.16) | |
| Employee benefits expenses | 789.97 | 951.24 | 537.90 | 3,057.36 | |
| Finance costs | 454.96 | 532.60 | 358.94 | 1,759.27 | |
| Depreciation and amortization expenses | 175.42 | 145.82 | 136.43 | ||
| Other Expenses | 627.35 | 1,290.66 | 299.89 | 560.68 | |
| Total Expenses | 11,944.15 | 3,476.42 | |||
| 5 | Profit before exceptional items & tax (3-4) | 18,988.60 | 6,314.26 | 55,042.30 | |
| 1,083.97 | 1,680.59 | 55.60 | 4,303.92 | ||
| 67 | Exceptional ItemsProfit before Tax (5-6) | ||||
| 1,083.97 | 1,680.59 | 55.60 | 4,303.92 | ||
| 8 | Tax Expenses | ||||
| Current Tax | 262.53 | 667.64 | 16.21 | 1,184.10 | |
| Deferred Tax | 25.32 | 67.79 | 12.55 | 186.09 | |
| 9 Net Profit for the period / year $(7-8)$ | 796.12 | 945.16 | 26.84 | 2,933.74 | |
| Other Comprehensive Income (after tax) | 12.21 | 12.21 | |||
| 10 Total Comprehensive Income (after tax) | 796.12 | 957.37 | 26.84 | 2,945.95 | |
| 11 Paid up Equity Share Capital | 1,428.53 | 1,428.53 | 1,328.53 | 1,428.53 | |
| (Face Value: ₹10 per Share) | |||||
| 12 Other Equity excluding Revaluation Reserves | N.A. | N.A. | N.A. | 23,749.05 | |
| 13 Earnings per equity share | |||||
| Basic and Diluted $(\overline{\tau})$ | 5.57 | 7.06 | 0.20 | 21.92 | |
| s cirilalone Segmentwise Revenue, Results, Assets and Liabilities | |||||
| The Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of The Contract | Readers 200 | ||||
| 1 | Segment Revenue | ||||
| a. Steel Structuresb. EPC Projects | 8,695.055,432.73 | 15,155.08 | 4,653.77 | 46,864.32 | |
| 6,571.45 | 3,389.14 | 17,136.67 | |||
| c. Unallocated Segment | |||||
| 14,127.78 | 21,726.53 | 8,042.91 | 64,001.00 | ||
| Less: Inter Segment RevenueTotal Revenue from Operations | 1,301.8712,825.92 | 1,558.4120,168.12 | 1,734.40 | 5,669.81 | |
| 6,308.50 | 58,331.18 | ||||
| 2. | Segment Results | ||||
| a. Steel Structures | 409.72 | 1,232.75 | 300.45 | 5,013.27 | |
| b. EPC Projects | 1,282.02 | 968.99 | 298.43 | 1,399.50 | |
| Total Segment Results | 1,691.75 | 2,201.74 | 598.88 | 6,412.77 | |
| Less: | |||||
| (i) Finance costs | 454.96 | 532.60 | 358.94 | 1,759.27 | |
| (ii) Net unallocated expenditure/(income) | 152.81 | (11.46) | 184.34 | 349.58 | |
| Total Profit Before Tax | 1,083.97 | 1,680.59 | 55.60 | 4,303.92 | |
| 3 Segment Assets | |||||
| a. Steel Structures | 34,014.09 | 32,596.02 | 34,471.74 | 32,596.02 | |
| b. EPC Projects | 16,417.90 | 18,195.11 | 6,630.00 | 18,195.11 | |
| Total Segment Assets | 50,431.99 | 50,791.13 | 41,101.74 | 50,791.13 | |
| Add: Unallocated | 5,181.18 | 3,511.29 | 4,172.69 | 3,511.29 | |
| Total Assets | 55,613.17 | 54,302.42 | 45,274.43 | 54,302.42 | |
| 4 Segment Liabilities | |||||
| a. Steel Structures | 6,144.80 | 4,744.14 | 5,984.52 | 4,744.14 | |
| b. EPC Projects | 1,788.47 | 3,305.71 | 1,061.68 | 3,305.71 | |
| Total Segment Liabilities | 7,933.27 | 8,049.86 | 7,046.20 | 8,049.86 | |
| mo EngineeAdd: Unallocated | 21,706.21 | 21,074.99 | 17,546.90 | 21,074.99 | |
| Total Liabilities | 29,639.48 | 29,124.84 | 24,593.10 | 29,124.84 | |
$\frac{1}{2}$ Hapur $\frac{1}{2}$
- Notes:
- 1 The above unaudited Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 14-Aug-2021. The statutory auditors of the Company have conducted limited review of these financial results, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.
- 2 These unaudited Standalone Financial Results are prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules , 2016.
- 3 Figures for the quarter ended 31 March, 2021 as reported in these unaudited standalone financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date audited figures upto the end of the third quarter of the previous financial year.
- 4 The Company is engaged in the business of two segments i.e. 1) Manufacturing of Galvanized and Nongalvanized Steel Structures i.e. Steel Structure and 2) Engineering, Procurement and Construction (EPC).
- 5 The Company has evaluated the impact of COVID pandemic on the operations of the Company, revenue, inventories, investments, property, plant & equipment, current borrowings and trade payables. The management has considered the possible effects, if any, on the carrying amounts of these assets and liabilities up to the date of approval of these results. As per the management's current assessment, no significant impact on carrying amounts of inventories, tangible assets, trade receivables, investments and other financial assets is expected, and management continue to monitor changes in future economic conditions. The company values its Inventory of Finished Goods at lower of cost and Net realisable value. The Net realisable value of all the inventories of the company is higher than their cost based on subsequent sales taken place till date and their present market prices. Hence there is no impairment risk in the inventory.
- 6 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
- 7 Operations of the Company were hampered by COVID related restrictions during the quarter ended 30th June 2021.
- 8 Figures for the previous periods / year have been regrouped, wherever necessary, to confirm to the current period's classification.
- 9 The unaudited Standalone Financial Results for the Quarter ended June 30, 2021 are available on the website of the Company (www.salasartechno.com) and on Stock Exchanges website (www.bseindia.com and www.nseindia.com).
For and on behalf of
SALASAR TECHNO ENGINEERING EIMITE
Hapur
ÁLOK KUMAR Chairman and Managing Dixecta Date: 14-August-2021 Place: Hapur (U.P.)