TCPL Packaging Limited — Interim / Quarterly Report 2019

Nov 2, 2018

Empire Mills Complex 414, Senapati Bapat Marq, Lower Parel Mumbai 400013, India. Tel $: +912261646000$ Fax : +91 22 24935893 Email : tcpl@tcpl.in Website: www.tcpi.in CIN: L22210MH1987PLC044505

2nd November, 2018

The Bombay Stock Exchange Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code:-523301

The National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra East, Mumbai 400 051 Trading Symbol: - TCPLPACK

Dear Sirs,

Re:-Outcome of Board Meeting

We wish to inform you that meeting of the Board of Directors, of the company was held today at 4.30 p.m. and concluded at 6.30 p.m.

The Board considered and approved the Un-Audited Financial Results for the Quarter and Half year ended 30th September, 2018 and took the same on record alongwith Review Report by the Company's Auditors.

Enclosed is the Un-Audited Financial Results and the Review Report for the Quarter and Half year ended 30th September, 2018.

Digitally signed by SOHANGAMANLAL NANAVATIDate: 2018.11.02 18:37:24

$+05'30'$

Kindly take the same on your record and acknowledge the receipt.

Thanking You

For TCPL Packaging Limited

SOHAN GAMANLAL NANAVATI

Compliance Officer

Encl. As above

Shiv Smritr 49. Dr. Annie Besant Road Worli, Mumbai 400018 India Tel $: +912266606006$ $: +912224935893$ Fax Email : tcpl@tcpl.in Website : www.tcpl.in

TCPL PACKAGING LIMITED STATEMENT OF UNAUDITED RESULTS FOR QUARTER/HALF YEAR ENDED 30/09/2018

						(₹ in Lacs)
	Quarter Ended		Half year Ended		Year Ended
PARTICULARS	30/09/2018	30/06/2018	30/09/2017	30/09/2018	30/09/2017	31/03/2018
Income	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Income from Operations
Other Operating Income	20906.62	17842.65	17689.50	38749.27	33099.80	69550.37
Other Income	490.69	432.38	374.39	923.07	778.42	1820.69
Total Income from Operations (net)	47.25	124.68	46.34	171.93	208.92	169.18
Expenses	21444.55	18399.71	18110.23	39844.26	34087.14	71540.24
Consumption of raw materials
Excise duty	13461.07	11179.55	10805.64	24640.62	18869.04	41234.12
(Increase)/decrease in stock in trade and work					1566.32	1566.32
in progress	(675.21)	(130.50)	187.91	(805.71)	(405.11)	(548.62)
Employee Benefit expense	1870.73
Finance Cost		1726.02	1622.65	3596.75	3260.18	6692.78
Depreciation and amortization expense	767.42	740.54	611.08	1507.96	1285.60	2545.39
Other expenses	872.08	841.37	832.99	1713.45	1747.27	3512.98
Total Expenses	3705.93	3263.45	3202.08	6969.38	6442.58	13825.98
Profit before tax	20002.01	17620.43	17262.35	37622.44	32765.88	68828.95
	1442.55	779.28	847.88	2221,83	1321.27	2711.29
Tax expense	341.57	280.54	258.96	622.11	422.85	689.59
Profit for the period after tax	1100.98	498.74	588.92	1599.72	898.42	2021.70
Other Comprehensive Income(OCI)
Items that will not be reclassified to Profit &
Loss (net of tax)	19.20		(1.20)	19.20	(2.39)	25.12
Items that will be reclassified to Profit & Loss(net of tax)
	2.56	(1.10)	(33.33)	1.46	(54.08)	(47.24)
Total Comprehensive Income for the periodPaid-up Equity Share Capital (Face value of ₹10/	1122.73	497.64	554.39	1620.37	841.95	1999.58
each)
	910.00	910.00	910.00	910.00	910.00	910.00
Reserve excluding Revaluation Reserves as per
balance sheet of previous accounting yearEarnings Per Share (EPS) of ₹10/- each						20672.69
Basic and Diluted Earnings Per Share (₹)
	12.10	5.48	6.69	17.58	10.20	22.58

Empire Mills Complex 414, Senapati Bapat Marg, Lower Parel Mumbai 400013, India. Tel $: +912261646000$ Fax $: +912224935893$ Email : tcpl@tcpl.in Website: www.tcpl.in CIN: L22210MH1987PLC044505

STATEMENT OF ASSETS AND LIABILITIES

			(₹ in lacs)
S. No.	PARTICULARS	AS AT30/09/2018UN AUDITED	AS AT31/03/2018AUDITED
$\mathbf{I}$	ASSETS
1.1	Non-Current Assets
	Property, Plant and Equipment	34750.09	35597.70
	Capital work-in-progress	3511.36	601.19
	Other Intangible assets	178.37	194.57
	Other Financial assets	455.01	406.94
	Other Non-current assets	716.09	155.05
	Total Non-current assets	39610.91	36955.45
1.2	Current assets
	Inventories	12716.79	10893.01
	Financial Assets:
	(i) Trade Receivables	15053.21	13247.0923.20
	(ii) Cash and Cash equivalents	144.37639.64	1462.93
	(iii) Other Bank Balances	37.77	26.14
	(iv) Loans	54.01	25.53
	(iv) Other Financial assetsCurrent tax assets (Net)		17.30
	Other Current assets	1490.55	1059.58
	Total current assets	30136.34	26754.78
		69747.25	63710.23
	Total assets
$\overline{2}$	EOUITY AND LIABILITIES
2.1	Equity
	Equity Share Capital	910.00	910.00
	Other Equity	21887.0022797.00	20672.6921582.69
	Total equity
2.2	Liabilities
	2.2.1 Non-current liabilities
	Financial Liabilities	12148.22	13319.97
	Borrowings	381.51	382.23
	ProvisionsDeferred tax liabilities (Net)	2526.17	2370.85
	Other Non-current liabilities	153.54	138.72
	Total non-current liabilities	15209.43	16211.77
	2.2.2 Current Liabilities
	Financial Liabilities(i) Borrowings	14011.28	11945.17
	(ii) Trade Payables
	Total outstanding dues of micro enterprises and small enterprises	49.92	51.46
	Total outstanding dues of creditors other than micro enterprises and small enterprises	9332.31	7407.26
	(iii) Other financial liabilities	5519.69	4623.07
	Other Current Liabilities	2692.53	1.872.21
	Provisions	20,00	16.60
	Current Tax Liabilities (Net)	115.09	ä,
	Total current liabilities	31740.82	25915.77
	Total Equity and Liabilities	69747.25	63710.23

Notes:

[1] The above unaudited quarterly results of the company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on November 2, 2018. The statutory auditors have expressed an unqualified report on the above results.

[2] The Company is engaged in single segment of Packaging.

[3] Post the applicability of Goods and Service Tax (GST) w.e.f. 1st July, 2017, revenue from operations are required to be disclosednet of GST in accordance with the requirements of IND AS. Accordingly the Revenue from operations for the period ended 30th September,2018 are not comparable with corresponding period 30th September, 2017 presented in financial Excise Duty.

Place: Mumbai Date: November 2, 2018

PL Paçkaging Limited for TØ Saket Rand

Managing Director DIN-00040801

B2 402 B, Marathon Innova, 4th Floor, Off Ganpatrao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai - 400 013. India Tel: +91 (0) 22-6662 5537 / 38 E-mail: mumbai@singhico.com website: www.singhico.com

Independent Auditor's Review Report on the Unaudited Standalone Financial Results of TCPL Packaging Limited pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

To, The Board of Directors of TCPL Packaging Limited

• 1. We have reviewed the accompanying statement of unaudited standalone Ind AS financial results of TCPL Packaging Limited ("the Company") for the quarter and six month ended September 30, 2018 (the "Statement") attached herewith, being submitted by Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.-CIR/CFD/FAC/62/2016 dated 5th July 2016("the Circular").
• 1. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 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 report on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (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 a moderate assurance as to whether the financial statements are free of material misstatement. A review is limited, primarily to enquiries of company's personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit in accordance with Standards on Auditing and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in the applicable India Accounting Standards ('IND AS') prescribed under section 133 of the Company Act, 2013, 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Mumbai Date: 2nd November 2018

For Singhi & Co. Chartered Accountants Firm Reg. No. 302049E Sukhendra Lodha a here Partner Membership No. 071272

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