Shree Cements Ltd. — Regulatory Filings 2021

Oct 29, 2021

CIN No. : L26943RJ1979PLC001935 Phone : 01462228101-6 Toll Free : 1800 180 6003 I 6004 Fax: 01462228117 /228119 E-Mail: shreebwr@shreecement.com Website : www.shreecement.com

SH EE CEME T L D.

An ISO 9001, 14001,45001 & 50001 Certified Company Regel. Office: BANGUR NAGAR, POST BOX NO.33, BEAWAR 305901, RAJASTHAN, INDIA

SCL/BWR/SE/2021-22/ 29th October, 2021

Email: cmlist@nse.co.in Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-l, Block G, Bandra - Kurla Complex, Bandra (East) MUMBAI-400 051

FAX NO. 022-n72201J1 ! n72206 .1

Email: corp.relations@bseindia.com Corporate Relationship Department Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, MUMBAI-400 001 SCRIP CODE 500387

Sub: Approval of Un-audited Financial Results for Quarter and Half year ended 30th September, 2021

Dear Sirs,

Board of Directors of the Company has today approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for Quarter and Half Year ended on 30th September, 2021. Financial Results approved by the Board alongwith the Limited Review Reports of Statutory Auditors of the Company over the said financial results are enclosed herewith.

The meeting of the Board started at J''{'S'" P.M. and concluded at 3.~,) P.M.

Kindly take the same on record.

Yours ' a hfully, For SI-t ~E ' CEMENT LIMITED

Encl: as above

JAIPUR OFFICE: SB-187, Bapu Nagar, Opp. Rajasthan University, JLN Marg, Jaipur 302015 Phone: 0141 4241200,4241204 NEW DELHI OFFICE: 122-123, Hans Bhawan, 1, Bahadurshah Zafar Marg, New Delhi 110002 Phone: 011 23370828,23379218,23370776 CORP. OFFICE: 21, Strand Road, Kolkata 700001 Phone: 033 22309601-4 Fax: 033 22434226 GUPTA & DUA

CHARTERED ACCOUNTANTS 4594A/9, naryaganj, New Dolhl-1I0002 Phone-OII-4J52S949 JI-moll,mukcshdua@guptaanddua.com W/lb.ltclwww.gapta.nddu •• com

INDEPENDENT AUD1TOltS' LIMITED REV[EW REPORT

TO BOARD OF DIRECTORS OF SIlREE CEMENT LIMITED

• I. W. b.ve reviewed the accompanying Statement of Unaudited Standalone financial R .... 1ts of SRREE CEMENT LIMITED ("lIIe Company") for the quar1er and si. month< ended on September 3? 2021 phe ~tatem.nt") being submlUed by the Company pUTtuant to Regulation 33 of SEB~ (LlSbng Obltgatlons and Disclosure Requirements) Regulalion •• 2015 ("the Lillins Regulauons").
• 1. This Statement, which is the responsibility of the Company's management and approved by IIJe Company's Board of Directors, has heen prepared in accordance with the r=gniIion aI measurement principles laid down in Indian Accounting Standard 34 "Interim Fit ... e" llqIorting" ("lnd AS 34"). prescribed under Seclion 133 of the Companies Act, 20[3 u_",",, tead with relevant rules issued thereunder and other accounting principles generally acuJlCed ill 1Dcfaa. Our responsibility is to express a conclusion on the Statement based on OlD" review.
• We conducted our review in accordance with the Standard on Review Engagements (SRE) Ulo,. ·Revicw of Interim Financial Infonnation Performed by the Independent Auditor of tbe EacitY. iII1IOd by lb. Institute of Chanered Accountants of India. This standard requires tbIt _ p/ID IIIiI paLm the review to obtain moderate assurance as to whether the financial _Iedled" _ Bear ......w misstatement. A review is limited primarily to inquiries of company penonaoIlIIiI. ~ procedure applied to C .. ancial data and thus provides less assuranoe tboa ID -'it. We ~DOl performed an audit and accordingly, we do not express an audit opinioll
• ~ 011 DW' review conduclOd as above. nothing has come to our ~ _ die accompanyIng Statemen, prepared in aecqroance ,u.idtiIdI ODd other recognlzod accounling prac'ices and policies, ~W~.::::~:::!J ... iOll I'OC(UIrcd to be di .. loted in tenn. of the U.tlng Regulations il wIIidJ It I. to be discloted. or thai il eontain. any material misstatement.

~'"'pta~4:D:WI~ J'I/IDJ' ..

SHREE CEMENT LIMITED

Regd. Office: Bangur Nagar, Beawar-305901, Distt. Ajmer (Rajasthan)

Phone: EPABX 01462 228101-6, Fax: 01462 228117/119 e-mail: shreebwr@shreecement.comWebsite: www.shreecement.com

CIN: L26943RJ1979PLC001935

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER, 2021

							Rs. in Crores
			Quarter ended			Six Months ended	Year ended
S.N.	PARTICULARS	30.09.2021 (Unaudited)	30.06.2021 (Unaudited)	30.09.2020 (Unaudited)	30.09.2021 (Unaudited)	30.09.2020 (Unaudited)	31.03.2021 (Audited)
I	Revenue from Operations
	(a) GroSs Revenue from Operations	4049.77	4401 .02	3900.12	8450.79	6903.67	16128.37
	(b) Less: GST recovered	843.90	951.53	846.86	1795.43	1518.02	3459.50
	(c) Net Revenue from Operations (a-b)	3205.87	3449.49	3053.26	6655.36	5385.65	12668.87
II	Other Income	149.95	139.17	83.01	289.12	207.52	43289
III	Total Income (1+11)	3355.82	3588.66	3136.27	6944.48	5593.17	13101 .76
IV	Expenses
	(a) Cost of Materials Consumed	21568	231 .75	201.12	447.43	346.62	833.59
	(b) Purchases of Stock in Trade	2388	43.16		6704
	(c) Changes in Inventories of Finished Goods and Work-in- Progress	(31 .00)	(83.62)	(3.02)	(114.62)	1267	4205
	(d) Employee Benefits Expenses	202.58	211 46	17316	414.04	346.22	759.72
	(e) Finance Costs	55.57	53.52	62.74	109.09	13330	24710
	(I) Depreciation and Amortization Expenses	250.54	232.50	278.64	483.04	549.99	1139.90
	(g) Power and Fuel	628.32	652.42	486.02	1280.74	87554	2082.42
	(h) Freight and Forwarding Expenses	706.42	832.20	709.59	1538.62	1269.83	3037.24
	(i) Other Expenses	561 .79	548.61	478.99	1110.40	826.84	1934.02
	Total Expenses	2613.78	2722.00	2387.24	5335.78	4361.01	10076.04
V	Profit Before Tax (III -IV)	742.04	866.66	749.03	1608.70	1232.16	3025.72
VI	Tax Expense
	(a) Current Tax	161 .27	203.84	217.70	365.11	343.57	763.82
	(b) Deferred Tax (Credit)/Charge	7.42	1.10	(565)	8.52	(1919)	(39.76)
	(c) Tax Expense relating to earlier years (Net)	(4.35)		(10,27)	(4.35)	(10.27)	(1027)
	Total (a to c)	164.34	204.94	201.78	369.28	314.11	713.79
VII	Profit for the Period (V-VI)	577.70	661.72	547.25	1239.42	918.05	2311.93
VIII	Other Comprehensive Income
	al i) Items that will not be Reclassified to Profit or Loss	250	2.46	-	4.96	-	11 .14
	alii) Income Tax relating to items that will not be Reclassified to Profit or Loss	(0.90)	(0.83)	-	(173)		(3.74)
	b(i) Items that will be Reclassified to Profit or Loss	(0.45)	5.20	1.72	4.75	(25.07)	(1964)
	b(ii) Income Tax relating to items that wil l be Reclassified to Profit or Loss	0.09	(1 .75)	(0.60)	(1.66)	8.76	6.03
	Other Comprehensive Income/(Loss) for the Period	1.24	5.08	1.12	6.32	(16.31)	(6.21)
IX	Total Comprehensive Income for the Period (VII+VIII)	578.94	666.80	548.37	1245.74	901.74	2305.72
X	Paid-up Equity Share Capital (Face value Rs. 10 per share)	36.08	3608	36.08	36.08	36.08	36.08
XI	Other Equity						15213.99
XII	Earnings Per Share (EPS) (of Rs. 10 each) - Not Annualized
	Cash (in Rs.)	231.61	248.14	227.34	479.75	401.56	945.68
	Basic and Diluted (in Rs.)	160.11	183.40	151.67	343.51	254.44	640.77

S.N.	Particulars	As at 30.09.2021 As at 31.03.2021 (Unaudited)	(Audited)
	ASSETS
	(1) Non·Current Assets
	(a) Property. Plant and Equipment	3567.89	3790.74
	(b) Capital Work·in·Progress	1378.73	970.96
	(c) Intangible Assets	2766	26.97
	(d) Right of Use Assets	547.04	373.84
	(e) Financial Assets
	(i) Investments	7964.48	727128
	(ii) Loans	3.89	446
	(iii) Other Financial Assets	13000	12547
	(I) Deferred Tax Assets (Net)	773.98	785.50
	(9) Non·Current Tax Assets (Net)	1.72	102.00
	(h) Other Non·Current Assets	479.70	388.09
	Sub·total	14875.09	13839.31
	(2) Current Assets
	(a) inventories	1811 .02	1477.17
	(b) Financial Assets
	(I) Investments	3243.93	3779.33
	(ii) Trade Receivables	662.35	485.89
	(iii) Cash and Cash Equivalents	4,54	14.97
	(iv) Bank Balances other than (iii) above	95.99	194.79
	(v) Loans	5.41	2123
	(vi) Other Financial Assets	166.26	153.22
	(c) Other Current Assets	1140.11	1072.86
	Sub·total	7129.61	7199.46
	Total Assets	22004.70	21038.77
	EQUITY AND LIABiliTIES
	Equity
	(al Eqully Share Capital	36.08	36.08 15213.99
	(b) Other Equily	16245.38 16281 .46	15250.07
	Sub·total LIABiliTIES
	(1) Non·Current Liabilities
	(a) Financial Liabilities
	(i) Borrowing s	1148.30	1331.55
	(ii) Lease Liabilities	150.48	14.68
	(iii) Other Financial Liabilities	894.47	916.54
	(b) Provisions	10.83	10.55
	Sub·total	2204.08	2273.32
	(2) Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	890.52	80168
	(ii) Lease Liabilities	41 .81	8.07
	(iii) Trade Payables
	(A) T otat Outstanding Dues of Micro and Small Enterprises	5.38	4.06
	(B) Total Outstanding Dues of Creditors other than Micro and Small Enterprises	628.27	781 .73
	(iv) Other Financial Liabilities	619.84	451 32
	(b) Other Current Liabilities	1179.14	1398.52
	(e) Provisions	980	1.91
	(d) Current Tax Liabilities (Net) Sub·totat	144.40 3519.16	68.09 3515.38

~otes:

2 Standalone Cash Flow Statement ·				Rs in Crores
		For Six Months ended 30.09.2021 30.09.2020
Particulars	(Unaudited)		(Unaudited)
A Cash Flow from Operating Activities
Profit Before Tax		1608.70		1232.16
Adjustments For:
Depreciation and Amortisation Expenses	483.04		549.99
Foreign Exchange Rate Differences (Net)	105		005
Net (Gain)/Loss on Sale of Investments	(17.80)		(19.57)
(Gain)/Loss on Fair Value of Financial Assets through Profit or Loss	(13203)		(77.80)
Interest Income	(137.87)		(104.71)
Dividend Income on Financial Assets Classified at Fair Value through Profit or Loss			(216)
Profit on Sale of Property, Plant and Equipment (Net) / Assets Written Off	(0.79)		(017)
Finance Costs	109.09	304.69	133.30	478.93
Operating Profit Before Working Capital Changes		1913.39		1711 .09
Adjustments For (Increase) / Decrease in Trade and Other Receivables	(12041)		38678
(Increase) / Decrease in Inventories	(333.85)		1.36
Increase / (Decrease) in Trade & Other Payables and	(177.91 )	(632.17)	211.46
Provisions
Cash Generated From Operations Direct Taxes Paid (Net of Refunds)		1281.22 (291.17)		2310.69 (27928)
Net Cash Flow from Operating Activities (A)		990.05		2031.41
B Cash Flow From Investing Activities
Purchases of Property, Plant and Equipments (Including Capital Work-in-Progress and Capital Advances)	(763.81)		(325.75)
Proceeds from Sale of Property, Plant and Equipment	0.93		1.01
Payments for Intangible Assets	(1 .84)		(1 .79)
(Purchases) / Proceeds of Investments in Mutual Funds/Exchange Traded Funds (Net)	(244,92)		(36891)
Purchase of Investments	(50.05)		(857.00)
Proceeds from Sale/ Redemption of Investments	388.15 (112.55)		596.55 (5.55)
Investments made in Subsidiary Companies Repayment received of Loan given to Subsidiary	15.48
Company
Investments in Bank Deposits Maturity of Bank Deposits	(2,90) 102,04		(16569) 62.64
Change in Earmarked Balances with Banks (Unpaid
Dividend)	(0.28)		1.85
Dividend Received	120.82		2.16 60.60
Interest Received Net Cash Used in Investing Activities (B)		(548.93)		(999,88)
C Cash Flow from Financing Activities
Repayment of Long Term Borrowings Repayment of Lease Liabilities	(14508) (26.48)		(565 .22) (10.41)
Proceeds / (Repayment) of Short Term Borrowings (Net)
(upto Three months maturity)	32.20		(318.26)
Interest and Financial Charges Paid	(104.70)		(139.57)
Dividend Paid	(216,21)		(1 85)
Net Cash Used in Financing Activities (C) Net Increase / (Decrease) in Cash	and Cash	(460.27)		(1035,31)
Equivalents (A+B+C)		(19.15)		(3.78)
Cash and Cash Equivalents as at the beginning of the Year #		(4.56)		(15.71)
Cash and Cash equivalents as at the end of the		(23.71)		(19.49)

• 3 The above results were taken on record at the meeting of the Board of Directors held on 29th October, 2021. The results have been reviewed by the Statutory Auditors.
• 4 The Company is primarily engaged in the manufacture and sale of cement and cement related products , There are no separate reportable segments as per Ind AS 108, "Operating Segments".
• 5 Additional disclosures in terms of SEBI Circular SEBIIHO/DDHS/P/CIR/2021/613 dated 10th August, 2021 read with Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) with respect to Commercial papers issued by the Company, are as under:

			Quarter ended		Six Months ended		Year ended
	S.N Particulars	30.09.2021	30.06.2021	30.09.2020	30.09,2021	30.09.2020	31.03.2021
	(a) Debt Equity Ratio (Long Term Debt + Current Maturities of Long Term Debt )/ (Net Worth)	0.09	0.10	0.13	0.09	0.13	0.11
	(b) Debt Service Coverage Ratio [(Profit before tax + Finance cost + Depreciation)/(Finance Cost + Term Loan Repayment)]	522	2154	2.92	8.66	2.74	4.61
	(c) Interest Service Coverage Ratio [(Profit before tax + Finance cost + Depreciation)/ Finance cost]	18.86	21 .54	17.38	20.17	14.37	17.86
	(d) Net Worth (Rs. in Crores)	16,281.46	15,919.81	13,838.59	16,281 46	13,838.59	15,25007
	(e) Current Ratio (Current Assets/Current Liabilities)	2.03	222	2,11	2.03	211	205
	(f) Long term Debt to Working Capital [(Long Term Borrowings (inc!. Current Maturities)) / (Current Assets· Current Liabilities excluding current maturities of Long term debt)]	0.36	0.39	0.46	0.38	0.46	0.41
	(g) Bad Debts to Trade Receivable Ratio (Bad debts / Average Trade Receivable)		-	-	-	-	-
	(h) Current liability Ratio (Current Liabilities/ Total Liabilities)	61 %	59%	57%	61%	57%	61%
	(i) Total Debts to Total Assets [(Long term Borrowings+ Short Term Borrowings)/ Total Assets]	9%	9%	11%	9%	11 %	10%
OJ	Debtors Turnover (Times) (Gross Revenue from OperationS/Average Trade Receivable) (annualised)	2512	31.63	25.68	2944	19.10	24.54
	(k) Inventory Turnover (Times) (Net Revenue from Operations/Average Inventory) (annualised)	712	8.44	8.39	810	7.55	8.72
	(I) Operating Margin [(Profit Before Tax +Finance Cost +Depreciation) /(Net Revenue from Operations)]	33%	33%	36%	33%	36%	35%
	(m) Net Profit Margin (Net ProfiVNet Revenue from Operations)	18%	19%	18%	19%	17%	18%

6 Previous period figures have been regrouped wherever necessary

By order of the Board

For SHREE CEMENT LIMITED

./ .i Place: Kolkata ~ ~T

Date: 29th October, 2021 (B.G. Bangur) Chairman

DIN: 00244196

For details e-mail at : iaioos(alshreecement.com Visit us on www.shreecement.com

GUPTA&OUA

CHARTERED ACCOUNTANTS 4594A/9, Oaryaganj, New Oclbl-IJOOO2 Phonc-OIJ-43525949 £.Mall:mukeshdua@guptaanddua,c:om Website:www.guptaanddua.com

INDEPENDENT AUDITORS' L1MlTED REVIEW REPORT

To Board of ~irect on ofSb .... Cement Limited

1. We have reviewed lhe accompanying Statement of Unaudited Consolidated Financial Results of Sh .... Cement Limited ("the Parent") and ils subsidiaries (the Parent and its subsidiaries together referred to 8S "the Group"), for the quarter and six months ended on September 30. 202 1 (the "Statement"), being submiUed by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure RequiremenlS) Regulations. 2015. as amended ('Listing Regulations').

1. This Sta.emen~ which is the responsibility of .he Parenfs management and approved by lite Parent's Board of Directors, has been prepared in accordance with the rccognlticm tmd 'measurement principles laid down in Indian Accounting Standard 34 Reporting" ("lnd AS 34"), prescribed under Section 133 of the Companies ::~::~~.~ other accounting principles generally accepted In India and in compliance with of6e Listing Regulations. Our responsibility is to express 8 conclusion on the bUcd on our review.

conducted our review of the Statement in accordance with the Standard on Review (SRE) 2410 "Review of Interim Financial Infonna!ion Perl'onned by lite Auditor of the Entity". issued by thelnslim .. of Chane red Accountants oflndia. of interim financial infonnation consists of making inquiries. primarily for fmanolal and accoun.lng mauers, and applying analytical and other A review is substantially less in scope than an audit conducted in on Auditing: and consequently does not enable us to obtain become aware of aU significant matten that might be ~iCordiD!sI}', we do not_ an audit opinion.

perfonned prlii:oclwa in accordance wUb the .circUlar iss"u::ed~~:J~ a-d of indIA under Regulation 33 ~) of the Listing ^~ ~Ie.

	Shree Cement Limited (Parent)
	Subsidiaries
	Shree Global FZE
$\frac{2}{3}$	Shree International Holding Ltd.
	Shree Enterprises Management Ltd.
$\begin{array}{c}\n4 \ 5\n\end{array}$	Union Cement Company (PJSC)
	Union Cement Norcem Company Limited L.L.C.
6	Raipur Handling and Infrastructure Private Limited
$\frac{7}{8}$	Shree Cement North Private Limited
	Shree Cement East Private Limited
$\overline{9}$	Shree Cement South Private Limited

!!Iii.'SI .... 'en. In.rud .. tho re.ults of the following entities:

GUPTA & DUA CHARTERED A COUNTANTS

4S94A19, naryogRnj, New DeIhl-I 10002 I'hone-011-43525949 IC-Mnll,mllkc.hduRrajgupl •• ndd.a.eom W.b~II •• www.g.pl .. ndd ... eom

1. Based on our review conducted and procedures performed as stated In paragraph 3 above and based ?n the consideration of the review reports of other audilors and managemenl refenred to In paragraph 6 and 7 below, nothing has comc to our attention that causes u. to believe that the accompanying Statement. prepared in accordance with the recognition and measurement principles laid down ill the aforesaid Indian Accounting Slandard and other accounting principles generally accepted In India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that iI conlains any material misstatement.

2. We did not review the interim financial results of five subsidiaries included in the Unaudited Consolidated Financial Results, whose interim financial results reflect toIaI assets of Rs. 2994.70 erore as at 30th September, 2021 and total revenue from operations of Rs.I66.98 erore and Rs. 352.50 crore, total net profit/(Joss) after tax ofRs. (\3.65) crore and Rs. (51.14) crore and total comprehensiv. income /(loss) ofRs. (17.05) crore and Rs. (23.08) crorc, for the quarter ended 30" September, 2021 and for the period from 1st April 2021 to3Oth September 2021, respectively, and cash flows of Rs. 257.45 crore for the period from 1st April 2021 to 30th September 2021, as considered in the Unaudiled Consolidalcd Fmancial Results. These interim financial results have been reviewed by other auditors whose reports bave been furnished to us by the Management and our conclusion on the Statemeol, in so fiIr as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as staled ill paragraph 3 above.

1bcae subsidiaries arc located outside India whose interim financial results bave bcCIl pqtared in accordance with accounting principles generally accepted in their respective coUftIries ~ and which bave been reviewed by other auditors under generally accepIIed applicable in their respective countries. The Company's Management bas lite Jatcrim financial results of such subsidiaries located outside India from ~ piiIclp~ senerally accepted in their respective countries to accounting principles In India. We bave reviewed these conversion adjustments made by the c-pany's Management. Our opinion in so far as it relates to the interim financial results .... .ubJidiaries located outside India is based on the repon of other auditors_and vi~~1 :1 _~Ion edjustmonts prepared by the Management of the Parent Company and " ~ ... ,

GUPTA&DUA

CHARTERED ACCOUNT ANTS 4594AJ9, Daryaganj, New Delhi-ll0002 Phone-O 11-43525949 E-Mail: m u keshd ua@guptaanddua,c(Jm \Vebsite:wv.w .guptaandd ua,com

1. We did not revie the int rim financial results of four subsidiaries included in the Statement, whose interim financial results reflect total assets of Rs. ] 79.89 crore as at 30~h September, 2021 and total re enue from operations of Rs. 7.95 crore and Rs.] 7.55 crore, total net profit after tax ofRs. 5.46 crOIe and Rs. 13.06 crore and total comprehensive income of Rs. 5.46 crare and Rs.13.06 crore, for the quarter ended 30th September, 2021 and for the period from 1 I April 2021 to 30th September 2021, respectively, and cash flows of Rs.12.38 crore for the period from pI April 2021 to 30th September, 2021, as considered in the consolidated unaudited fmancial results. These interim financial results have not been reviewed by their auditors and have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on these interim financial results and the procedures petfonned by us as tated in paragraph 3 above. According to the infonnation and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matters.

Mukesh Dua

SHREE CEMENT LIMITED

Regd. Office: Bangur Nagar, Beawar-305901, Distt. Ajmer (Rajasthan)

Phone: EPABX 01462 228101·6. Fax: 01462 2281171119 e·mall : shreebwr@shreecemenl.comWebslte:www.shreecement.com

CIN: L26943RJ1979PLC001935

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER, 2021

Quarter ended Six Months ended Year ended 30.09.2021 30.09.2021 30.06.2021 30.09.2020 30.09.2020 31.03.2021 PARTICULARS S.N. (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) Revenue from Operations I 4219.80 4589.73 413049 880953 7291 .09 17034.22 (a) Gross Revenue from Operations 84642 1801 32 152352 (b) Less: GSTNAT recovered 954.90 849.66 3474,45 7008.21 576757 1355977 (c) Net Revenue from Operations (a-b) 3373.38 3634.83 3280.83 294.68 Other Income 153.57 141.11 84.01 210.52 438.26 II 3526.95 3775.94 3364.84 7302.89 5978.09 13998.03 Total Income (1+11) III IV Expenses 51142 41202 97637 253.80 257.62 233.69 (a) Cost of Materials Consumed 2410 47.00 1.74 71 10 5.79 43.66 (b) Purchases of Stock in Trade (c) Changes in Inventories of Finished Goods and Work-in- 4960 (17051) 2473 (9335) (77 16) 40.91 Progress 229.52 239.56 197.79 469.08 403.28 869.22 (d) Employee Benefits Expenses 6390 55.55 54.49 110.04 135,49 251.29 (e) Finance Costs 290.33 273.52 309.72 563.85 609.87 1262.34 (I) Depreciation and Amortization Expenses 726.76 1439.52 1022.56 2397.90 (g) Power and Fuel 712.76 558.06 155225 1310.85 3110 19 71408 83817 729.73 (h) Freight and Forwarding Expenses 1191,43 597.51 593.92 499.79 881.34 2033.38 (i) Other Expenses 2798.30 2939.88 2635.33 5738.18 4805.93 10993.95 Total Expenses Profit Before Tax (III - IV ) 728.65 729.51 1564.71 1172.16 3004.08 V 836.06 Tax Expense VI 16226 20523 36749 34359 217.72 765.27 (a) Current Tax 680 6.74 (b) Deferred Tax (Credit)/Charge (0.06) (5.81) (19.38) (40.51) (c) Tax Expense relating to earlier years (Net) (4.35) (10.27) (4.35) (10.27) (1027) Total (a to c) 164.71 205.17 201.64 369.88 313.94 714.49 Profit for the Period (V-VI) 1194.83 563.94 630.89 527.87 858.22 2289.59 VII Profitl(Loss) attributable to : 1192,73 856.57 Owners of the Company 562.83 629.90 526.97 2285.87 210 372 165 1.11 0.99 0.90 Non-Controlling Interest Other Comprehensive Income VIII - - 4.96 13.01 ali) Items that will not be Reclassified to Profit or Loss 2.50 2.46 a(ii) Ihcome Tax relating to items that will not be Reclassified to - - (0.90) (0.83) (1 .73) (3 .74) Profit or Loss (3.85) 36.67 (60.68) 32,82 (82.06) (8702) b(i) Items that will be Reclassified to Profit or Loss b(ii) Income Tax relating to items that will be Reclassified to 876 0.09 (1 .75) (0.60) (1 .66) 6.03 Profit or Loss Other Comprehensive Income/(Loss) for the Period (2.16) 36.55 (61.28) 34.39 (73.30) (71 .72) Other Comprehensive Income/(Loss) attributable to : 3385 3596 (72.07) (70,30) Owners of the Company (2.11) (5990) 059 (1.42) (0.05) (1.38) 0.54 (1 .23) Non-Controlling Interest Total Comprehensive Income for the Period (VII+VIU) 1229.22 561 .78 667.44 466.59 784.92 2217.87 IX Total Comprehensive Income/(Loss) attributable to : 1226.58 560.72 665.86 467.07 784.50 2215.57 Owners of the Company 230 1.06 1.58 (0.48) 2.64 0,42 Non-Controlling Interest Paid-up Equity Share Capital (Face value Rs. 10 per share) 36.08 36.08 36.08 36 .08 36.08 36.08 X Other Equity 15361 .33 XI Earnings Per Share (EPS) (of Rs. 10 each) - Not Annualized XII 238.14 250.18 230.12 488.32 400.72 971.52 Cash (in Rs.) 155.99 174.58 146.05 330.57 237.40 633.54				Rs. In Crores
	Basic and Diluted (in Rs.)

S.N.	1 Consolidated Statement of Assets and Liabilities Particulars	As at 30.09.2021	Rs. in Crores As at 31.03.2021
	ASSETS	(Unaudited)	(Audited)
	(1) Non-Current Assets
	(a) Property, Plant and Equipment	5440.64	571450
	(b) Capital Work·in·Progress	142873	99654
	(c) Intangible Assels	59.42	6025
	(d) Right of Use Assels	453.92	44150
	(e) Financial Assets
	(i) Investments	5531 .02	4699.03
	(ii) Loans	389	4.46
	(iii) Olher Financial Assels	13463	130.07
	(f) Deferred Tax Assets (Net)	77634	786.08
	(g) Non·Currenl Tax Assels (Net)	1.75	102.03
	(h) Olher Non·Currenl Assets	562.06	39138
	Sub·total	14392.40	13325.84
	(2) Current Assets
	(a) Inventories	2062.13	1715.72
	(b) Financial Assets
	(i) Investments	3283.36	3801.47
	(ii) Trade Receivables	825.85	685.90
	(iii) Cash and Cash Equivalents	216.02	472.14
	(iv) Bank Batances other than (iii) above	146.82	236.21
	(v) Loans	5.41	21.23
	(vi) Other Financial Assets	178.67	163.88
	(c) Other Current Assets	1156.58	1090.78
	Sub·total	7874.84	8187.33
	Total Assets	22267.24	21513.17
	EQUITY AND LIABILITIES
	Eqully
	(a) Equity Share Capital	36.08	36.08
	(b) Other Equity	16374.32	15361.33
		16410.40	15397.41
	Non·Controlling Interesl	49.64	51 16
	Total Equity	16460.04	15448.57
	LIABILITIES
	(1) Non·Current Liabilities (a) Financial Liabilities
	(i) Borrowings	1148.30	1331 55
	(ii) Lease Liabilities	84.79	83.95
	(iii) Other Financial Liabilities	894.47	916.54
	(b) Provisions	32.60	31.75
	SUb.total	2160.16	2363.79
	(2) Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	890.52	802.30
	(ii) Lease Liabilities	19.32	12.08
	(iii) Trade Payables
	(A) Total Outstanding Dues of Micro and Small Enlerposes	5.38	4.08
	(B) Total Outslanding Dues of Credilors olher than Micro and Small Enterprises	716,73	878.89
	(iv) Other Financial Liabilities	670.48	512.06
	(b) Other Current Liabilities	1183.76	1415.01
		16.33	8.30
	(c) Provisions
	(d) Current Tax Liabilities (Net) Sub·total	144.52 3647.04	68 .09 3700.81

	For Six Months ended
Particulars	30.09.2021 (Unaudited)		30.09.2020 (Unaudited)
A Cash Flow from Operating Activities
Profit Before Tax		1564.71		1172.16
Adjustments For :
Depreciation and Amortisation Expenses	56385		609.87
Foreign Exchange Rate Differences (Net)	1.67		0.05
Allowance for Doubtful Trade Receivables (Net)	6.05		8.26
Net (Gain)/Loss on Sale of Investments	(17.82)		(19.57)
(Gain)/Loss on Fair Value of Financial Assets through Profit	(132.05)		(77.81)
or Loss Interest Income	(143.36)		(107.70)
Dividend Income on Financial Assets Classified at Fair Value through Profit or Loss			(2,16)
Profit on Sale of Property, Plant and Equipment (Net) I Assets Written Off	(0.86)		(0.18)
Finance Costs	110,04	387.52	135.49	546.25
Operating Profit Before Working Capital Changes		1952.23		1718.41
Adjustments For :
(Increase) / Decrease in Trade and Other Receivables	(85.44)		377 11
(Increase) / Decrease in Inventories	(343.93)		2818
Increase / (Decrease) in Trade & Other Payables and Provisions	(203.72)	(633.09)	21322	618,51
Cash Generated From Operations		1319.14		2336.92
Direct Taxes Paid (Net of Refunds)		(293.44)		(279.45)
Net Cash Flow from Operating Activities (A)		1025.70		2057.47
B Cash Flow From Investing Activities
Purchases of Property, Plant and Equipments (Including Capital Work·in-Progress and Capital Advances)	(869.23)		(400.73)
Proceeds from Sale of Property, Plant and Equipment	0,98		1,01
Payments for Intangible Assets	(1 .87)		(1 .79)
(Purchases) / Proceeds of Investments in Mutual Funds/Exchange Traded Funds (Net)	(254.42)		(368.85)
Purchases of Investments	(330.88)		(857.00)
Proceeds from Sale/ Redemption of Investments	396.24		596.55
Repayment received of Loan given to Subsidiary Company	15.48
Investments in Bank Deposits	(11 .90)		(165.69)
Maturity of Bank Deposits	102.04		439.67
Change in Earmarked Balances with Banks (Unpaid Dividend)	(0.28)		1.85
Dividend Received			2.16
Interest Received	124.32		63.66
Net Cash Used in Investing Activities (B)		(829.52)		(689.16)
C Cash Flow from Financing Activities Acquisition of Additional Stake in Subsidiary Company from
Non Controlling Interest	(0.71)		(5.08)
Repayment of Long Term Borrowings	(14508)		(565.22)
Repayment of Lease Liabilities	(26.62)		(10.41)
Proceeds / (Repayment) of Short Term Borrowings (Net) (upto Three months maturity)	32.20		(318.25)
Interest and Financial Charges Paid	(10476)		(140.92)
Dividend Paid	(218.90)		(10,80)
Net Cash (Used in)/ From Financing Activities (C)		(463.87)		(1050.68)
Net (Decrease)lIncrease in Cash and Cash Equivalents (A+B+C)		(267.69)		317.63
Cash and Cash Equivalents as at the beginning of the Year#		451.99		81 .69
Add: Effect of exchange rate on consolidation of Foreign Subsidiaries		3.47		(7.53)
Cash and Cash equivalents as at the end of the period #		187.77		391 .79

Cash and Cash equivalenls IS net of Bank Overdrafts

Statutory Auditors.	3 The above results were taken on record at the meeting of the Board of Directors held on 29th October, 2021 . The results have been reviewed by the
as per Ind AS 108, "Operating Segments".	4 The Company is primarily engaged in the manufacture and sale of cement and cement related products. There are no separate reportable segments
5 Previous period figures have been regrouped wherever necessary.
	By order of the Board
	For SHREE CEMENT LIMITED
Place: Kolkata
Date: 29th October, 2021	(B,G. Bangur)
	Chairman
	DIN: 00244196
For details e-mail at:jajoos@shreecement.com	Visit us on www.shreecement.com