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Salzer Electronics Ltd. Interim / Quarterly Report 2022
61391_rns_2022-02-07_160cb69a-6e2c-472a-a5cc-f07259ea4b13.pdf
Interim / Quarterly Report
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February 7, 2022
To
THE CORPORATE RELATIONSHIP DEPT BSE Limited I Floor, New Trading Ring, Rotunda Building, P.J.Towers, Dalal Street, Fort, Mumbai - 400 001.
M/s. National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, BandraKurla Complex, Bandra (E), Mumbai - 400 051 Tel: +91 22 26598235/36, 26598346 Fax: +91 22 26598237/38
SCRIP CODE: 517059
Symbol: SALZERELEC
Dear Sir,
Sub: Submission of Outcome of the Board Meeting - Un-audited Financial Result - reg Ref: Our letter dated January 7, 2022.
This is to inform in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Requlation 2015 and in furtherance to our letter referred above that the Board of Directors of the Company at their meeting held today (February 7, 2022) considered and approved standalone as well as consolidated Unaudited Financial Results of the Company for the Third Quarter ended 31.12.2021 together with the Limited Review report of M/s. JDS Associates, Statutory Auditor of the Company, as required under Regulation 33 of SEBI LODR Regulations, which is attached herewith for your records and dissemination to the stakeholders. A copy of the same will be uploaded in the Company's website www.salzergroup.net.
Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner as prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within time stipulated.
The Meeting commenced at 11.30 Hrs and closed at $\sqrt{2.55}$ Hrs
May kindly be acknowledged the receipt.
Thanking you For Salzer Electronics Limited
S Baskarasubramanian Director (Corporate Affairs) & Company Secretary (DIN: 00003152 & FCS: 4605)
Encl: as above
Samichettipalayam, Coimbatore - 641 047, India. Phone: + + 91 422 4233600 Fax: + + 91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com Standalone Statement of Un-Audited Financial Results for the Third Quarter and Nine Mothns period ended December 31,2021 De In Lace ovent for shore data
| S.No | Particulars | Quarter ended | Nine Months ended | ns. In Lacs exept for share data Year Ended |
||||
|---|---|---|---|---|---|---|---|---|
| 12/31/2021 9/30/2021 |
12/31/2020 | 12/31/2021 | 12/31/2020 | 3/31/2021 | ||||
| Un-Audited | Un-Audited | Un-Audited | Un-Audited | Un-Audited | Audited | |||
| ı | INCOME | |||||||
| a | Revenue From Operations | 21182.83 | 19480.55 | 17044.46 | 55561.27 | 41592.78 | 60561.96 | |
| b | Other Income | 88.25 | 80.89 | 23.82 | 183.21 | 55.21 | 199.16 | |
| Total Income | 21271.08 | 19561.44 | 17068.28 | 55744.48 | 41647.99 | 60761.12 | ||
| $\mathbf{H}$ | EXPENSES | |||||||
| a | Cost of materials consumed | 18181.62 | 15037.30 | 14087.28 | 45994.71 | 32273.08 | 48277.51 | |
| b | Changes in inventories of finished goods and work-in-progress |
$-1419.48$ | 367.81 | $-690.46$ | $-2370.93$ | $-317.23$ | $-1238.29$ | |
| c | Employee benefit expenses | 735.74 | 691.11 | 647.25 | 2079.62 | 1684.11 | 2433.87 | |
| d | Finance Cost | 497.11 | 469.12 | 541.59 | 1478.60 | 1601.51 | 2127.42 | |
| e | Depreciation and amortisation expense |
393.03 | 408.27 | 374.98 | 1195.33 | 1151.31 | 1560.55 | |
| f | Other expenses | 1917.00 | 1543.09 | 1272.30 | 4768.49 | 3389.90 | 4909.77 | |
| TOTAL EXPENSES | 20305.02 | 18516.70 | 16232.94 | 53145.82 | 39782.68 | 58070.83 | ||
| Ш | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX |
966.06 | 1044.74 | 835.34 | 2598.66 | 1865.31 | 2690.30 | |
| Exceptional items | 0 | $\Omega$ | 0.00 | 0.00 | 0.00 | 0.00 | ||
| IV | PROFIT BEFORE TAX | 966.06 | 1044.74 | 835.34 | 2598.66 | 1865.31 | 2690.30 | |
| Tax Expenses | $-241.48$ | $-298.42$ | $-194.47$ | $-733.11$ | $-496.70$ | $-622.94$ | ||
| $\mathsf{V}$ | PROFIT AFTER TAX | 724.58 | 746.32 | 640.87 | 1865.55 | 1368.61 | 2067.36 | |
| VI | OTHER COMPREHENSIVE INCOME | |||||||
| VII | Items that will not be reclassified to profit or loss |
$-8.93$ | 6.58 | 38.19 | 13.80 | 72.24 | 143.33 | |
| VIII | TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
715.65 | 752.90 | 679.06 | 1879.35 | 1440.85 | 2210.69 | |
| IX | Paid up share capital - equity shares of Rs.10/- each |
1598.27 | 1598.27 | 1598.27 | 1598.27 | 1598.27 | 1598.27 | |
| X | Reserves and Surplus | 31530.38 | ||||||
| XI | EARNINGS PER SHARE | |||||||
| a | Basic after exceptional items (In Rs.) | 4.53 | 4.67 | 4.01 | 11.67 | 8.56 | 12.93 | |
| b | Diluted after exceptional items (Rs.) | 4.53 | 4.67 | 4.01 | 11.67 | 8.56 | 12.93 |
The Common Section
peranta pada
Samichettipalayam, Coimbatore - 641 047, India. Phone: ++91 422 4233600 Fax: ++91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com
Notes forming part of above STANDALONE results:
- The Company operates in only one segment viz., Electrical installation products. 1.
- The above standalone results were reviewed by the Audit Committee on February 07,2022 and 2. approved by the Board of Directors in their meeting held on February 07, 2022,
- The Statutory Auditors of the Company carried out a limited review of standalone Financial 3. Results for the third quarter/ Nine Months period ended December 31, 2021,
- The localized lockdowns strictly imposed by the various State Governments during the first 4. quarter of the Current fiscal to contain the spread of Coronavirus have its own impact to the extent in the Sales for the Nine Months period ending December 31,2021,
- The above Standalone financial results of the Company have been prepared in accordance with 5. Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
- The Code on Social Security 2020 (Code), which received the Presidential Assent on 28 6. September 2020, subsumes nine laws relating to social security, retirement and employee benefits, including the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and the Payment of Gratuity Act, 1972. The effective date of the Code is yet to be notified and related rules are yet to be framed. The impact of the changes, if any, will be assessed and recognised post notification of the relevant provision.
- Previous period's figures have been regrouped/ reclassified wherever necessary to conform to 7. this period's classifications
For SALZER ELECTRONICS LIMITED
Coimbatore - 641 047. February 07,2022
SBASKARASUBRAMANIAN DIRECTOR CORPORATE AFFAIRS) & COMPANY SECRETARY (DIN:00003152 & FCS 4605)
Samichettipalayam, Coimbatore - 641 047, India. Phone: $++$ 91 422 4233600 Fax: $++$ 91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com
STANDALONE LIMITED REVIEW REPORT
Independent Auditor's Review Report on the review of Third Quarter and Nine Months Unaudited Standalone Financial Results of the Company for the period ending December 31, 2021 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors Salzer Electronics Limited Coimbatore -641047
-
- We have reviewed the accompanying statement of unaudited standalone financial results of Salzer Electronics Limited ("the Company") for the quarter ended December 31, 2021 and year to date results for the period April 01, 2021 to December 31, 2021 ("the Statement") and being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended (the "Listing Regulations").
-
- This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("IND AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder 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 (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel 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 specified under section 143(10) of the Companies Act, 2013 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.
T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98427 27344
B. JAYARAM B.Com., F.C.A., D.I.S.A.,
1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 Cell: 99444 57928 E: [email protected] | E: [email protected]
Membership No. 028346
K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No. 208150 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 Cell: 98942 88807 E: [email protected]
J. FRANKLIN DAVID | K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 208792 7-A. Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel: 0422 - 2312899 Cell: 98430 80753
M.Com., F.C.A., Membership No. 234722 254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98844 28681 E: [email protected]
- Based on our review conducted as stated in paragraph 3 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 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 amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
Date: February 07,2022 Place: Coimbatore UDIN: 22028346AAPVFM4984
For JDS ASSOCIATES Chartered Accountants FRN :008735S
(B.JAYARAM) Partner Memb.No: 028346
T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98427 27344
B. JAYARAM B.Com., F.C.A., D.I.S.A., Membership No. 028346
1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 Cell: 99444 57928 $E:$ [email protected] $E:$ [email protected]
K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No. 208150 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 Cell: 98942 88807 E: [email protected]
M.Com., F.C.A., Membership No. 208792 7-A, Sri Nagar, Behind Sungam Ramanathapuram
COIMBATORE - 641 045 Tel: 0422 - 2312899 Cell: 98430 80753 E: [email protected]
J. FRANKLIN DAVID | K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722 254. Gandhiii Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98844 28681
Consolidated Statement of Un-Audited Financial Results for the Third Quarter and Nine Months period ended December 31,202.
The Common Section
| Rs. In Lakhs | |||||||
|---|---|---|---|---|---|---|---|
| Particulars | Quarter Ended | Nine Months period ending |
Year Ended | ||||
| 31-Dec-21 | 30-Sep-21 | 31-Dec-20 | 31-Dec-21 | 31-Dec-20 | 31-Mar-21 | ||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| INCOME | |||||||
| Revenue From Operations | 21,882.36 | 20,001.62 | 17,749.04 | 56,961.59 | 43,097.21 | 62,573.60 | |
| Other Income | 83.10 | 89.07 | 32.05 | 194.81 | 78.26 | 219.85 | |
| TOTAL INCOME | 21,965.46 | 20,090.69 | 17,781.09 | 57,156.40 | 43,175.47 | 62,793.45 | |
| $\mathbf{II}$ | EXPENSES | ||||||
| Cost of materials consumed | 18,312.85 | 15,175.61 | 14,544.01 | 46,249.07 | 33,145.25 | 49,295.92 | |
| Cost of Traded Goods | 244.30 | 85.69 | 0.00 | 329.98 | 0.00 | 48.05 | |
| Changes in inventories of finished goods and work-in-progress |
$-1,414.68$ | 374.24 | $-695.03$ | $-2,350.33$ | $-315.95$ | $-1231.24$ | |
| Employee benefit expenses | 849.17 | 799.64 | 759.29 | 2,397.29 | 1,956.80 | 2,811.50 | |
| Finance Cost | 500.51 | 469.89 | 544.36 | 1,484.05 | 1,605.48 | 2,134.48 | |
| Depreciation and amortisation | 400.30 | 415.87 | 384.97 | 1,220.80 | 1,181.06 | 1,601.11 | |
| Other expenses | 2,051.00 | 1,657.84 | 1,386.86 | 5,102.19 | 3,679.57 | 5,347.80 | |
| TOTAL EXPENSES | 20,943.45 | 18,978.78 | 16,924.46 | 54,433.05 | 41,252.21 | 60,007.62 | |
| Ш | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX |
1,022.01 | 1,111.91 | 856.63 | 2,723.35 | 1,923.26 | 2,785.83 |
| Exceptional items | |||||||
| Covid provision for inventory and receivables @ Kaycee |
0.00 | 0.00 | 0.00 | 0.00 | 0 | 19.46 | |
| Prior Period Expenses | 0.00 | 0.00 | 0.01 | 0.00 | $-4.37$ | $-4.37$ | |
| IV | PROFIT BEFORE TAX | 1,022.01 | 1,111.91 | 856.64 | 2,723.35 | 1,918.89 | 2,800.92 |
| Tax Expenses | $-257.28$ | $-309.20$ | $-204.78$ | $-760.09$ | $-515.98$ | $-663.02$ | |
| $\vee$ | PROFIT AFTER TAX | 764.73 | 802.71 | 651.86 | 1,963.26 | 1,402.91 | 2,137.90 |
| Attributable to: Owners of the Company |
835.95 | 788.57 | 649.11 | 1,935.17 | 1394.3 | 2051.70 | |
| Non-controlling Interest | $-71.22$ | 14.14 | 2.76 | 28.09 | 8.61 | 86.20 | |
| VI | OTHER COMPREHENSIVE INCOME | ||||||
| Items that will not be reclassified to profit or loss |
$-8.92$ | 6.58 | 37.11 | 13.80 | 68.99 | 142.49 | |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
755.81 | 809.29 | 688.97 | 1,977.06 | 1,471.90 | 2,280.39 | |
| Attributable to: Owners of the Company |
742.16 | 795.15 | 686.49 | 1,948.97 | 1464.11 | 2194.39 | |
| Non-controlling Interest | 13.65 | 14.14 | 2.49 | 28.09 | 7.79 | 86.00 | |
| Share Capital (Equity shares of Rs.10/- each) |
1598.27 | 1598.27 | 1598.27 | 1598.27 | 1598.27 | 1598.27 | |
| Reserves and Surplus (Annualized) | 31643.92 | ||||||
| EARNINGS PER SHARE | |||||||
| - Basic after exceptional items (in Rs.) |
4.78 | 5.02 | 4.06 | 12.11 | 8.72 | 12.84 | |
| - Diluted after exceptional items (in Rs.) |
4.78 | 5.02 | 4.06 | 12.11 | 8.72 | 12.84 |
Samichettipalayam, Coimbatore - 641 047, India: Phone: ++91 422 4233600 Fax: ++91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com
CBE-47
CIN: L03210TZ1985PLC001535
Notes forming part of above CONSOLIDATED results:
- The above consolidated standalone results were reviewed and recommended by the $\mathbf{1}$ . Audit Committee at its meeting held on February 07,2022 and upon which, approved by the Board of Directors in their meeting held on February 07,2022,
- The Statutory Auditors of the Company carried out a limited review of consolidated 2. Financial Results for the quarter and Nine Months period ended December 31,2021,
-
- The Covid-19 Pandemic has negatively impacted the operations of both Parent Company - Salzer Electronics Limited and Subsidiary - Kaycee Industries Limited during the First two months of the Current Year due to localized lock down imposed by the Government to contain the spread of this novel diseases, which has its consequences to the extent in the results for the Nine Months period ending December 31, 2021. The management of the both parent and subsidiary has found that there is no material effect caused by pandemic on the carrying values of their respective assets and liabilities on the reporting date.
- $\overline{4}$ . Since the newly incorporated wholly owned subsidiary Company - Salzer EV Infra Private Limited and its associate entity Salzer EMarch Electromobility Private Limited, and the Company's direct associate entity Salzer Kostad EV Charges Private Limited have not achieved any significant milestones in Financial and business operations during the period under review which, in our opinion, does not bear any reasonable value to the stakeholders, the consolidation of accounts of these entities with Parent has not made for the relevant period
-
- The above Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
- Previous period's figures have been regrouped/ reclassified wherever necessary to 6. conform to this period's classifications
For SALZER ELECTRONICS LIMITED
Coimbatore - 641 047 February 07, 2022
um ! S BASKARASUBRAMANIAN
DIRECTOR CORPORATE AFFAIRS & COMPANY SECRETARY) (DIN:00003152 & FCS 4605
CONSOLIDATED LIMITED REVIEW REPORT
Independent Auditor's Review Report on the review of Third quarter and Nine months Consolidated Unaudited Financial Results of the Company for the period ending December 31,2021 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors Salzer Electronics Limited Coimbatore - 641047
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Salzer Electronics Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as ("the Group"), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended December 31, 2021 and year to date results for the period from April 01, 2021 to December 31,2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"
- This Statement, which is the responsibility of the Parent's Management and approved $2.$ by the Parent's Board of Directors at their meeting held on February 07,2022, 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 and in compliance with Regulation 33 of the Listing Regulations. 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 3. 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 (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel 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 specified under Section 143(10) of the Companies Act, 2013 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.
T. SAMINATHAN $\sqrt{B}$ . JAYARAM K.P. LATHA J. FRANKLIN DAVID | K.S. SATHISHKUMAR B.Sc., F.C.A., B.Com., F.C.A., D.I.S.A., M.Com., F.C.A., D.I.S.A., M.Com., F.C.A., M.Com., F.C.A., Membership No. 028346 Membership No. 208150 Membership No. 208792 Membership No. 027133 Membership No. 234722 8/36, LRG Lay-out, 5th Street 254, Gandhiji Road 1st Floor, Jewel Complex 7-A, Sri Nagar, Behind Sungam 254, Gandhiji Road ABT Road, Karuvampalayam 642 (Old # 324) Raja Street Ramanathapuram ERODE - 638 001. ERODE - 638 001. TIRUPUR - 641 604 COIMBATORE - 641 001. COIMBATORE - 641 045 Tel: 0424-2269599 Tel: 0424-2269599 Tel: 0421 - 4322843 Tel: 0422 - 2304731, 2390882 Tel: 0422 - 2312899 Cell: 98427 27344 Cell: 98942 88807 Cell: 98844 28681 Cell: 99444 57928 Cell: 98430 80753 $E:$ [email protected] E: [email protected] | E: [email protected] E: [email protected] E: [email protected]
We have 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.
- $\mathbf{4}$ . Parent Company, its subsidiary and Associate Entities :
- i) Parent Company Salzer Electronics Limited
ii) Subsidiary Company of Salzer Electronics Limited
- a. Kaycee Industries Limited and
- b. Salzer EV Infra Private Limited (Wholly Owned subsidiary)
iii) Associate Entity of Salzer Electronics Limited
a. Salzer Kostad EV Charges Private Limited
iv) Associate Entity of Salzer EV Infra Private Limited
a. Salzer EMarch Electromobility Private Limited
During the second quarter of the Current Fiscal, the Company has formed (1) Salzer EV Infra Private Limited as its Wholly owned Subsidiary on July 19, 2021 (2) Salzer Kostad EV Charges Private Limited as its associate entity on July 21, 2021 and (3) Salzer EMarch Electromobility Private Limited as an associate entity to Salzer EV Infra Private Limited on September 02, 2021 for execution of Projects in Electrical vehicle spaces. Since these Companies have just started their project designing and no Financial Operations have taken place and having no significant value to the Stakeholders, the consolidation of above said Companies with parent is deferred. Accordingly, the statement includes the results of only one subsidiary Company - Kaycee Industries Limited
- 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 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 amended, including the manner in which it is to be disclosed, or that it contains any material misstatement
| T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 |
B. JAYARAM B.Com., F.C.A., D.I.S.A., Membership No. 028346 |
K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No. 208150 |
M.Com., F.C.A., Membership No. 208792 |
J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722 |
|---|---|---|---|---|
| 254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98427 27344 |
1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 Cell: 99444 57928 |
8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 Cell: 98942 88807 |
7-A, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel: 0422 - 2312899 Cell: 98430 80753 |
254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98844 28681 |
| $E:$ [email protected] | E : [email protected] | E: [email protected] | E: [email protected] | E: [email protected] |
The consolidated Unaudited Financial Results includes the interim financial results of 6. one subsidiary which has not been reviewed / audited by us, whose interim financial results reflect as under as considered in the consolidated unaudited interim financial results.
| Third | quarter | Nine | Months | ||
|---|---|---|---|---|---|
| S.No | Description | period | ending | period ending | |
| 31/12/2021 | 31/12/2021 | ||||
| Rs. In Lakhs | Rs. In Lakhs | ||||
| a. | Total Revenue | 832.45 | 1920.53 | ||
| b. | Total Expenses | 762.21 | 1781.57 | ||
| C. | Profit before Tax | 70.24 | 138.96 | ||
| d. | Profit after Tax | 54.44 | 111.98 | ||
| e. | Total Comprehensive Income | 54.44 | 111.98 |
These interim financial results/ financial information have been reviewed by other auditor who carried out their review in accordance with SRE 2410, Review of Interim Financial Information performed by the Independent Auditor of the entity and their reports vide which they have issued an unmodified conclusion, have been furnished to us by the Parent's Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiary is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matter.
Date February 07,2022 Place: Coimbatore UDIN: 22028346AAPWJR2058
For JDS ASSOCIATES Chartered Accountants FRN:008735S
(B.JAYARAM) Partner Memb.No: 028346
T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98427 27344 $E:$ [email protected]
B. JAYARAM B.Com., F.C.A., D.I.S.A., Membership No. 028346 1st Floor, Jewel Complex 642 (Old # 324) Raja Street
COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 Cell: 99444 57928 E : [email protected]
K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No. 208150 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 Cell: 98942 88807 E: [email protected]
M.Com., F.C.A., Membership No. 208792 7-A, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel: 0422 - 2312899 Cell: 98430 80753 E: [email protected]
J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722 254, Gandhiii Road ERODE - 638 001. Tel: 0424-2269599 Cell: 98844 28681 E: [email protected]