Semac Construction Limited — Interim / Quarterly Report 2022

Aug 13, 2021

Listing Department	Listing Department
BSE Limited	National Stock Exchange Limited
25th Floor, PJ Towers, Dalal Street,	Exchange Plaza, C-1 BlockG,
Mumbai – 400 001.	Bandra Kurla Complex, Bandra, East
	Mumbai – 400 051.
Scrip Code: 505368	Scrip Code: REVATHI

Dear Sir/Madam, 13.08.2021

Sub: Outcome of the meeting of the Board of Directors of M/s. Revathi Equipment Limited ("the company") held on 13th August, 2021.

As per clause 30 (2) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Circular No.CIR/CFD/CMD/4/2015 dated 09th September, 2015, the Board of Directors of the Company at its meeting held today i.e 13th August, 2021, took the following decisions: -

1. The Board has approved the Unaudited Financial Results (Standalone & Consolidated) along with Limited Review Report of Auditors on the Financial Statements for the quarter ended 30th June, 2021. (Attached as Annexure A).

The timing of the commencement of the Board Meeting was 4:00 PM and the timing of conclusion was 08:20 PM.

Kindly take the above into your records.

Yours faithfully,

For Revathi Equipment Limited

cp

K.Maheswaran Company Secretary and Compliance Officer

Revathi Equipment Limited

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: finance@revathi.in Website:

Independent Auditor's Limited Review Report on Quarter ended 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 Revathi Equipment Limited.

• 1. We have reviewed the accompanying statement of unaudited Standalone financial results of Revathi Equipment Limited ("the company") for the quarter ended on June 30, 2021 ("the Statement"), prepared and submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
• 1. The preparation of the Statement 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 rules thereunder, requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other accounting principles generally accepted in India, is the responsibility of the Company's management and has been approved by the Board of Directors. 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 of interim financial information consists of making inquiries, primarily or 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.
• 1. 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 of unaudited Standalone financial results prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard (Ind AS) 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, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S. S. Kothari Mehta and Company Chartered Accountants Firm Reg. No. 000756N

~ '

Neeraj Bansal (Partner) Membership No. 095960 Place: Delhi Date: 13.08.2021 UDIN: 21095960AAAAIV5209

Plot No. 68, Okhla Industrial Area, Phase-Ill, New Delhi- 110020

Tel: +91-11-4670 8888 E-mail: info @sskmin.com www.sskm in.com

Revathi Equipment Limited

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780

Phone: +91-4226655111

Rs. In Lakhs Year ended June March June March 30, 2021 31, 2021 30, 2020 31, 2021 Unaudited Audited Unaudited Audited 1 Revenue Revenue from Operations 789.18 3,948.20 2,195.46 8,473.60 Other Income 48.71 45.53 32.39 152.55 Total Revenue 837.88 3,993.73 2,227.85 8,626.15 2 Expenses (a) Cost of materials consumed 708.79 2,003.37 697.80 5,004.11 (b) Purchases of stock-in-trade 32.53 178.53 181.20 876.71 (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (473.87) (100.10) 171.32 (1,952.94) (d) Employee benefits expense 299.58 342.62 248.35 1,164.72 (e) Finance costs 103.68 66.82 60.58 250.83 (f) Depreciation and amortisation expense 21.04 24.16 17.63 85.04 (g) Other expenses 317.94 741.18 290.77 1,554.54 Total Expenses 1,009.68 3,256.58 1,667.65 6,983.01 3 Profit/(Loss) before tax (171.80) 737.15 560.20 1,643.14 4 Tax expenses - Current tax - 307.77 167.54 555.68 - Deferred tax 26.83 (107.31) 5.36 (79.34) 5 Net Profit/(Loss) after tax (198.63) 536.69 387.30 1,166.80 (i) Items that will not be reclassified to profit or loss. (0.62) (10.59) 2.70 (2.48) STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2021 Sr.No. Particulars Quarter ended

6 Other Comprehensive Income (OCI)
(i) Items that will not be reclassified to profit or loss.	(0.62)	(10.59)	2.70	(2.48)
(ii) income tax relating to items that will not be reclassified to profit
or loss	0.18	3.08	(0.79)	0.72
Other Comprehensive Income for the period	(0.44)	(7.51)	1.92	(1.76)
7 Total Comprehensive Income for the period	(199.07)	529.18	389.22	1,165.04
8 Paid-up equity share capital (Face Value of Rs. 10.00/- each)	306.70	306.70	306.70	306.70
9 Other equity	-	-	-	17,962.37
10 Earnings Per Share face value Rs.10.00/ each	(6.48)	17.50	12.63	38.04
(non annualised) Basic and Diluted (Amt in Rs.)

Note :-

1. The above results have been reviewed by Audit Committee at its meeting held on 12th August, 2021 and subsequently approved and taken on record by the Board of Directors at its meeting held on 13th August, 2021.

2. The company operates in a single operating segment of manufacturing of equipments.The financial results for the quarter ended June 30, 2021 are being published in the newspaper as per the format prescribed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results of the Company are also available on Stock Exchange websites and on the Companies website www.revathi.in.

3. The figures for the quarter ended March 31. 2021 are the balancing figures between the audited figures in respect to the full financial year and the published figure of Nine month ending December 31, 2020, which were subject to limited review by the statutory auditors

Date: 13th August 2021 Abhishek Dalmia

Place: New Delhi Executive Chairman DIN : 00011958

Annexure A

Independent Auditor's Limited Review Report on Quarter ended 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 Revathi Equipment Limited

• 1. We have reviewed the accompanying statement of unaudited Consolidated financial results of Revathi Equipment Limited ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its share of loss of its associate, for the quarter ended on June 30, 2021 ("the statement"), prepared and submitted by the Holding Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
• 1. The preparation of the Statement 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, as amended, and rules thereunder, requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other accounting principles generally accepted in India, is the responsibility of the Holding Company's management and has been approved by the Board of Directors of Holding 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 Statements is free of material misstatement. 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 No. CIR/CFD/CMD 1/4412019 dated March 29, 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of following entities:
  • i. SE MAC Consultants Private Limited Subsidiary, India
  • ii. SEMAC and Partners LLC Subsidiary, Muscat (Oman)
  • iii. SEMAC Construction Technologies India LLP -Associate, India
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 as above and based on the consideration of financial results furnished to us by the management as 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 applicable Indian Accounting

Plot No. 68, Okhla Industrial Area, Phase-Ill, New Delhi- 110020

Tel: +91-11-4670 8888 E-mail: info@sskmin.com

www.sskmin.com

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 listing Regulations, including the manner in which it is to be disclosed, or that it cor::itains any material misstatement.

1. The Statement includes financial results of one subsidiary company (as mentioned in paragraph 4(ii) above) which have been reviewed by their auditor and have been furnished to us by the management, whose financial results reflects total assets of Rs.1872.55 Lakhs as at June 30, 2021, total revenue of Rs. 640.94 Lakhs for the quarter, total net profit of Rs. 106.28 Lakhs for the quarter, total comprehensive profit of Rs. 121.15 Lakhs for the quarter ended June 30, 2021, and net cash inflow of Rs. 268.89 Lakhs for the quarter ended on June 30, 2021 as considered in the Statement. Our Conclusion on the consolidated unaudited financial results, and our report in terms of Regulation 33 of the regulation read with SEBI Circular, in so far as it relates to the aforesaid subsidiary, are based solely on such reviewed financial information. Our Conclusion on the statement is not modified in respect of this matter.

For S. S. Kothari Mehta and Company (Chartered Accountants)

Firm Reg. No. 000756N

N~ (Partner) Membership No. 095960 Place: Delhi Date: 13.08.2021 UDIN: 21095960AAAAIW9635

Revathi Equipment Limited

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780 Phone: +91-4226655111

Rs. In Lakhs

	STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
		Quarter ended			-Year ended
		June	March	June	March
Sr.No.	Particulars	30, 2021	31, 2021	30, 2020	31, 2021
I		Unaudited	IAudited	1Unaudited	Audited
I	1 Revenue
	Revenue from Operations	3,233.06	6,018.92	3,124.77	13,223.52
	Other Income	138.36	181.61	205.78	575.29
	Total Revenue	3,371.42	6,200.54	3,330.55	13,798.81
	2 Expenses
	(a) Cost of materials consumed	1,884.52	2,882.48	701.69	5,901.35
	(b) Purchases of stock-in-trade	32.53	178.53	181.20	876.71
	(c) Changes in inventories of finished goods, work-in-progress and stock-in
	trade	(473.87)	(100.10)	171.32	(1,952.94)
	(d) Employee benefits expense	1,133.11	1,085.81	992.03	4,188.79
	(e) Finance costs	110.35	84.21	65.94	287.31
	(f) Depreciation and amortisation expense	57.31	64.26	54.55	234.37
	(g) Other expenses	576.86	1,971.20	528.51	3,625.66
	Total Expenses	3,320.81	6,166.39	2,695.23	13,161.25
	3 Profit/(Loss) before Tax and Share of Profit/(Loss) of Associates	50.62	34.15	635.31	637.56
	Share of Profit/(Loss) of Associates	(0.34)	(19.09)	-	74.80
	Profit/(Loss) before Tax	50.27	15.06	635.31	712.36
	4 Tax expenses- Current tax	38.88	339.48	175.78	596.51
	- MAT credit entitlement	(16.36)	(7.53)	-	(7.53)
	- Deferred tax	(16.96)	(189.30)	6.33	(147.39)
	- Earlier year tax expenses	-	9.97	0.00	9.97
	5 Net Profit/(Loss) after tax	44.71	(137.57)	453.19	260.80
	6 Other Comprehensive Income (OCI)
	A (i) Items that will be reclassified to profit or loss.	14.87	10.69	(9.98)	(30.24)
	(ii) income tax relating to items that will be reclassified to profit or loss
		-	-	-	-
B	(i) Items that will not be reclassified to profit or loss.	(2.97)	(65.34)	17.81	(11.89)
	(ii) income tax relating to items that will not be reclassified to profit or loss	0.84	29.92	11.82	20.15
	Other Comprehensive Income for the period	12.73	(24.72)	19.66	(21.98)
	7 Total Comprehensive Income for the period	57.44	(162.29)	472.85	238.81
	8 Profit or Loss atttributable for the Period to
	Equity holders of the company	(1.90)	108.16	429.86	521.68
	Non Controlling Interest	46.61	(245.73)	23.35	(260.89)
	9 Other Comprehensive Income
	Equity holders of the company	7.16	(10.92)	17.88	(8.87)
	Non Controlling Interest	5.57	(13.81)	1.78	(13.11)
	10 Total Comprehensive Income
	Equity holders of the company	5.26	97.25	447.74	512.82
	Non Controlling Interest	52.18	(259.54)	25.12	(274.00)
	11 Paid-up equity share capital (Face Value of Rs. 10.00/- each)	306.70	306.70	306.70	306.70
	12 Other equity	-	-	-	17,983.43
	13 Earnings Per Share face value Rs.10.00/ each
	(non annualised) Basic and Diluted (Amt in Rs.)I	1.46I	I(4.49)	I14.78	8.50I

Note :-

1. The above results have been reviewed by Audit Committee at its meeting held on 12th August, 2021 and subsequently approved and taken on record by the Board of Directors at its meeting held on 13th August, 2021.

2. The company operates in a Two operating segment namely, manufacturing of equipments and Engineering, Construction and Design Services.The financial results for the quarter ended June 30, 2021 are being published in the newspaper as per the format prescribed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results of the Company are also available on Stock Exchange websites and on the Companies website www.revathi.in.

3. The figures for the quarter ended March 31. 2021 are the balancing figures between the audited figures in respect to the full financial year and the published figure of Nine month ending December 31, 2020, which were subject to limited review by the statutory auditors

Abhishek Dalmia

Revathi Equipment Limited,

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780

Phone: +91-4226655111

					(Rs. In Lakhs )
		Quarter ended			Year ended
Sr.N	Particulars	June	March	June	March
o.		30, 2021	31, 2021	31, 2020	31, 2021
1	Segment Revenue (Gross)	Unaudited	Audited	Unaudited	Audited
a)	Manufacturing of Equipments	837.88	3,993.73	2,227.85	8,626.15
b)	Engineering Design Services	2,542.61	2,209.25	1,102.70	5,175.10
	Total	3,380.49	6,202.98	3,330.55	13,801.25
	Less: Inter Segment Revenue	9.07	2.44	-	2.44
	Total income from operations (net)	3,371.42	6,200.54	3,330.55	13,798.81
2	Segment Results
	Profit (+)/Loss(-) before interest and tax from each segment
a)	Manufacturing of Equipments	(68.12)	803.97	665.03	1,893.97
b)	Engineering Design Services	229.08	(685.61)	36.22	(969.10)
	Total	160.96	118.36	701.25	924.87
	Less: Interest	110.35	84.21	65.94	287.31
	Other Un-allocable Expenditure net off unallocable	-	-	-	-
	IncomeProfit (+)/Loss(-) before tax & Profit / (Loss) of Associate	50.61	34.15	635.32	637.56
	Add: Profit / (Loss) of Associate	(0.34)	(19.09)	-	74.80
	Total Profit Before Tax	50.26	15.06	635.32	712.36
3	Segment Assets -
a)	Manufacturing of Equipments	15,552.94	17,792.72	9,187.65	17,792.72
b)	Engineering Design Services	9,435.32	9,203.74	9,287.15	9,203.74
	Total segment assets	24,988.26	26,996.46	18,474.80	26,996.46
	Less: Inter segment assets	354.07	447.44	-	447.44
	Add: Unallocable assets	4,486.25	4,486.25	4,486.25	4,486.25
	Total assets	29,120.44	31,035.27	22,961.05	31,035.27
	Segment Liabilities -
a)	Manufacturing of Equipments	6,727.62	8,768.40	5,089.33	8,768.40
b)	Engineering Design Services	3,481.33	3,503.11	2,271.62	3,503.11
	Total Segment Liabilities	10,208.95	12,271.51	7,360.95	12,271.51
	Less: Inter segment liabilities	354.07	447.44	-	447.44
	Add: Unallocable liabilities	-		-	-
	Total Liabilities	9,854.88	11,824.07	7,360.95	11,824.07

Abhishek Dalmia Executive Chairman DIN: 00011958