Ugar Sugar Works Ltd. — Interim / Quarterly Report 2021

Feb 10, 2021

THE UGAR SUGAR WORKS LIMITED. Works Ugar Khurd - 591 316, Dist Belgaum, Karnataka

Phone

E-mail • helpdcsk@ugarsugar.com Rcgd. Offi ce • Mahavcernagar, Sangli 416 416, Maharashtra E-mail • I'@ usw.sang 1 7 ugarsugar.com.

• Website • -91 8339 274000 (5 Lines) Fax • -918339 272232
• www.ugarsugar.com
• Phone f!N No -912332623717, 2623716 Fax• -912332623617
• GSTIN 29520007001 , PAN-AAACT7580R 29AAACT7580RIZD ECC No.AAACT7580 RXMOOl

(CIN - Ll5421 PN1939PLC006738)

Date: 10/02/2021.

Sec/

To,

The Executive Director, Bombay Stock Exchange Ltd., P J Towers, Dalal Sh·eet, Mumbai. Tel o: (022) 22721234 Fax No: (022) 22721278/22722039 Stock Code: 530363

To,

Corporate Communications

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 Tel No: (022) 26598148 Fax No: (022) 26598120 Stock Code: UGARSUGAR

Dear Sir,

Sub: - Outcome of the Board Meeting and Disclosures under Regulation 30 & 33 of SEBI (LODR) 2015.

We wish to inform you that Board of Directors of the Company at their meeting held today, i.e. 10th February, 2021 ("the Board Meeting") has, inter alia, approved the following

1. Un-Audited Financial Results:

Un-Audited Financial Results (Standalone & Consolidated) for the Quarter ended 3161 December, 2020.

In this regard, we are enclosing he rewith a copy of the following as prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (1¹ the Listing Regulations¹¹ ) :

• I. The Un-Audited Financial Results (as stated above) in the detailed format as per the Listing Regulations, along with the Limited Review Report.
• II. Extracts of the said results as being released to advertisement agency for publication in newspapers in terms of Regulation 47.

We request you kindly take the same on your records and acknowledge the receipt.

KIRTANE Ay PANDIT LLP

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS

To the Board of Directors of Ugar Sugar Works Limited

• 1. We have reviewed the accompanying statement of consolidated unaudited financial results of Ugar Sugar Works Limited (the "Holding") and its subsidiary (the Holding and its subsidiary together referred to as the "Group"), for the quarter ended December 31, 2020 (the "Statement"), being submitted by the Holding pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. The statement, which is the responsibility of the Holding's Management and approved by the Holding's Board of Directors, 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. 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. ^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.
• 1. The Statement includes the results of the following entities:

	Sr.No. Name of Entity	Relationship	oe Wiscaee
al	The Ugar Sugar Works Limited	Holding	ae
2	Ugar Theatres Pvt. Ltd.	Subsidiary

Page 1 of 3

Kirtane & Pandit LLP - Chartered Accountants Pu| nMuemba i | Nashik | Bengaluru | Hyderabad

Regd. Office : 5th Floor, Wing A, Gopal House, S.No. 127/1B/1, Plot A1, Opp. Harshal Hall, Kothrud, Pun— e⁴¹¹ 038, India | Tel: +91 20-6729/ 525143300¹⁰⁴ www.kirtanepandit.com | Email : kpca@kirtanepandit.com

Ugar Sugar Works Limited - Independent Auditor's Review Report on the Quarterly Statement of Consolidated unaudited financial results

• 1. Based on our review conducted and procedures performed 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.
• 1. The unaudited consolidated financial results include unaudited interim financial results/information in respect of the subsidiary; whose interim financial results reflect a total asset of Rs.183.65 lakhs, total revenues of Rs.0.94 lakhs and 2.80 lakhs and total net profit after tax of Rs. 0.14 lakhs and Rs. 0.39 lakhs for the quarter ended and the period ended December 31, 2020 respectively.
• 7, These unaudited interim financial results and other unaudited financial information have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so as it relates to the affairs of these subsidiaries, is based solely on such unaudited interim financial results and unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results/information are not material to the Group. Kirtane & Pandit LLP Page 2 of 2

Our conclusion on the Statement is not modified in respect of the above matter.

For Kirtane & Pandit LLP

Chartered Accountants Firm Registration No.105215W/W100057

_

Parag Pansare Partner Membership No.: 117309 wio00s7 UDIN: 21117309AAAACZ3556 Pune: 10" February, 2020

Chartered Accountants

Regd. Office: Mahaveernagar, Sangli 416416
Administrative Offices: Ugarkhurd 591316 (Dist. Belgavi)
Factories: Ugarkhurd (Dist. Belgavi) and Nagarhalli-Malli Village (Dist. Kalburgi)

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS

(Rs. in Lakhs)

		FOR THE QUARTER ENDED 31st DECEMBER 2020.
	Particulars		<- Quarter Ended -->			For the Nine Months Ended On	Year Ended
		31/12/2020	30/09/2020	31/12/2019	31/12/2020	31/12/2019	31/03/2020
		(Unaudited)	(Unaudited)	[Unaudited]	(Unaudited)	(Unaudited)	(Audited)
1.	Revenue from Operations
	[a] Sales / Income from operations	26,222.66	21,730.37	26,310.79	68,868.80	71,553.16	96,619.83
	[h) Other Operating Income	1,308.37	1,386.56	3,417.23	4,523.43	3,417.23	4,481.35
	Total income from Operations (Net)	27,531.03	23,116.93	29,728.02	73,392.23	74,970.39	1,01,101.18
2.	Other Income	115.26	64.07	94.77	209.77	178.30	281.20
3.	Total Income (1 + 2)	27,646.29	23,181.00	29,822.79	73,602.00	75,148.69	1,01,382.38
$\mathbf{4}$	Expenses
	(a) Cost of materials consumed	37,698.67	606.43	24,568,60	38,505.51	25,680.50	57,243.99
	Other Manufacturing Expenses (b)	839.10	589.57	762.44	1,660.09	2,095.78	2,389.03
	Purchase of Stock in trade c	1,553.33	484.53	1,074.81	2,408.19	2,214.23	3,521.15
	d Change in inventories of finished goods, work-in- progress and stock-in-trade	[23,837.80]	15,836.60	[6, 417.58]	10,619.22	26,264.02	7.110.32
	Employee benefit expenses. c	2,095.83	1,498.74	1,873.90	4,722.86	4,742.12	6,998.36
	措 Finance costs	964.94	922.21	648.45	3,012.12	3,256.57	4,313.24
	Depreciation & amortisation expense 徊	311.03	308.75	350.08	926.42	1,042.79	1,374.55
	协 Excise Duty on Sales	3,998.18	3,982.01	3,762.60	9,821.44	10,536.39	14,062.76
	Other expenses 排	599.61	401.51	532.34	1,269.21	1,985.79	2,978.45
	Total Expenses	24,222.89	24,630.35	27,155.64	72,945.06	77,818.19	99.991.85
5.	Profit (Loss) before tax (3 - 4)	3,423.40	(1, 449.35)	2,667.15	555.94	(2,669.50)	1,390.54
ū.	Tax Expense
	Current Tax (Net of MAT Credit)
	Deferred Tax	136.27	(62.35)	119.07	(13.87)	56.15	14.00
	Short / Excess Provisions
	Total Tax Expense	136.27	(62.35)	119.07	(13.87)	[56.15]	14.00
7.	Profit (Loss) after Tax (5 - 6)	3,287.13	[1,387.00]	2,548.08	670.81	(2,613.35)	1,376.54
ŝ.	Other Comprehensive Income
	Total Other Comprehensive Income, Net of Tax.	(25.47)	76.68	(40.05)	(71.61)	(89.81)	(126.86)
	Iltems that will not be reclassified to Profit or Loss Net of Income Tax)
g.,	Total Comprehensive income for the period	3,261.66	(1, 310.32)	2,508.03	599.20	[2,703.15]	1,249.69
10.	Paid-up equity share capital
	(Face Value per Share - Re. 1)	1,125.00	1,125.00	1,125.00	1,125.00	1,125.00	1,125.00
11.	Other Equity Rs-5360.54 takhs -31.03.2020
22.	Earnings per share of Re. 1 (not annualised)
	Basic & Diluted	Řs. 2.92	Rs. (1.23)	Rs. 2.26	Rs. 0.60	Rs. (2.32)	Rs. 1.22

Regd. Office: Mahaveernagar, Sangli 416416

Administrative Offices: Ugarkhurd 591316 (Dist. Belagavi)

Factories: Ugarkhurd (Dist. Belagavi) and Nagarhalli-Malli Village (Dist. Kalburgi)

PART II

STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 31st DECEMBER 2020.

Particulars <- Quarter Ended -> For the Nine Months Ended On Year Ended $31/12/2020$ 30/09/2020 31/12/2019 31/12/2020 31/12/2019 31/03/2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Segment Revenue a. Sugar 21,696.57 18,067.05 26,070.13 59,194,28 61,255.88 84,033.56 b. Co-generation 6,432.08 5,506.92 6,432.28 5,556.34 11,528.08 Industrial Alcohol c. 2,328.04 1,834.17 1,886.21 4,969.13 4,075.39 7.029.43 Potable Alcohol $d.$ 4,954.74 4,799.91 4,694.50 12,256.79 13,425.88 17,913.82 Unallocated A. 1,596.20 504.32 1,108.26 2,487.80 2,277.02 3,595 79 Total 37,007.63 25.205.45 39.266.02 85,340.28 86,590.51 1,24,100.68 Less: Intersegment Revenue 9,476.60 2,089.14 9,538.00 11,948.05 22,999.50 11,620.12 Net Sales / Incoma from Operations 27,531.03 23.116.31 29,728.02 73,392.23 $1,01,101.18$ 74,970.39 2. Segment Results Profit / (Loss) before interest & tax ä. Sugar 2,513.10 262.50 2,786.36 3,871.31 2,494.76 7.425.83 Co-generation $\hbar$ 1,781.08 $(404.24)$ 1.141.81 1.101.12 $(5.95)$ 1,386.64 Industrial Alcohol c. 1,062.87 $(256.87)$ 326.41 745.22 338.57 430.04 $\mathbf{d}$ Potable Alcohol $(42.53)$ 79.13 $(41.93)$ 208.19 171.95 206.52 $\mathbf{a}$ Unallocated 32.34 12.59 28.65 53.70 51.48 81.64 Total 5,346.86 193.11 4,241.30 5,979.54 3,050.81 9,530.67 Less: Finance Cost 964.94 922.21 648.45 3,012.12 3,256.57 4,313.24 n Other Unallocable Expenditure 1,073.78 784.32 1.020.47 2,520.25 2,642.04 4,108.09 as. Unallocable income $(115.26)$ $(64.07)$ $(94.77)$ $(209.77)$ $(178.30)$ $(281.20)$ 1,923.46 1,642.46 1,574.15 5,322.60 B.140.13 5,720.31 Profit / (Loss) before tax 3,423.40 $(1,449.35)$ 2,667.15 656.94 $[2,669,50]$ 1,390.54 3. Capital Employed (Segment Assets minus Segment Liabilities) a. Sugar 43,373.27 33,152.22 31.007.11 43,373.27 31,007.11 41,322.16 h. Co-generation 6.021.76 4,196.40 5,835.44 5,021.76 5,131.49 5.835.44 r. Industrial Alcohol 1,510.10 1,715.37 $1,771.72$ 1,510.10 1,771.72 1,783.47 Potable Alcohol đ. 2,075.05 2,446.18 1.948.40 2,075.05 1,948.40 1,790.58 $\mathfrak{g}_\omega$ Others (Unallocated) 1,030.97 706.32 1,562.67 1,007.46 1,562.67 1.007.46 Total 54,542.85 42,541.14 41,570.13 54,542.85 41.570.13 50,734.02

(Rs. In Lakhs)

Raga. Office: Mahavearnagar, Sangli 416416

Agmmoistrative Offices: Ugarkhurd 591336 (Dist, Belagavi)

Factowies: Ugarkhurd (Dist. Belagavil and Nagarhalli-talll Village (Dist. Kalburgi)

Notes:

• i. The main business of the Company being seasonal, the figureosf the current pertod are not indicative of the anrwal results.
• 1. inter-segment Transfers of Bagasse and Molasses, the cost of which is unascertainable, are recorded at net realisable value. inter-segment Transfers of other items are recorded at cost.
• 3, Figures for the corresponding quarter in the earlier year have been regrouped / recast, where necessary,
• 1. This statement has been prepared in accordance with the Companies (indian Accounting Standards) Rules, 2015 ("Ind AS'} prescribed under section 233 of the Companies Act 2013 and other recognized accounting practices and policies to the extent applicable,
• 1. Effective from Ist April, 2019, the company has adopted Ind AS 116 "Leases". The effect of adoption on the results of the company was insignificant,
• 1. Impact of Covid-19: Overall there is no material impact on financial results for the quarter ended 31" December 2020,
• 7, Crushing for the Sugar Season 2020-21 of Ugar Unit has commenced on 25-10-2020 and Jewargl Unit on 13-11-2020,
• 1. The above results are reviewed by the Audit Committee and were approved and taken on record by the Soard of Directors at its meeting held on 10-02-2024.

For M/s Kirtane and Pandét LLP For The Ugar Sugar Works itd, Chartered karts Firrn Regn. 1SWw/Wi0o0s7

Partner

KIRTANE (y PANDIT LLP

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS

To the Board of Directors of Ugar Sugar Works Limited

• 1, We have reviewed the accompanying statement of standalone unaudited financial results of Ugar Sugar Works Limited (the "Company") for the quarter ended December 31, 2020 ("the Statement") being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This statement is the responsibility of the Company's Management and has been approved by the 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. Our responsibility is to express 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 financial statements are 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.

Kirtane & Pandit LLP - Chartered Accountants Pune | Mumbai | Nashik | Bengaluru | Hyderabad

Regd. Office : 5th Floor, Wing A, Gopal House, \$.No. 127/1B/1, Plot Al, Opp. Harshal Hall, Kothrud, Pune ~ 441 038, India | Tel: +91 20-6729/ 525143300¹⁰⁴ www.kirtanepandit.com | Email : koca@kirtanepandit.com

Ugar Sugar Works Limited - Independent Auditor's Review Report on the Quarterly Statement of Standalone unaudited financial results

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of standalone unaudited financial results prepared in accordance with applicable accounting standards 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Kirtane & Pandit LLP Chartered Accountants Firm Registration No.105215W/W100057

oo ae eee ee

Parag Pansare Partner Membership No.: 117309 UDIN: 21117309AAAACY5089

Pune: 10 February, 2021

Kirtane & Pandit LLP Page 2 of 2 Chartered Accountants ,

Registration of the Marine Council Castricus

Registrative Offices: Mahaveernagar, Sangli 416416

Administrative Offices: Ugarkhurd S91316 (Dist. Belgavi)

Factories: Ugarkhurd (Dist. Belgavi) and Nagarhalli-Malli Village

PART I	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE		QUARTER ENDED 31st DECEMBER 2020.				(Rs. In Lakhs)
	Particulars		<-- Quarter Ended -- >			For the Nine Months Ended On	Year Ended
		31/12/2020 (Unaudited)	30/09/2020 (Unaudited)	31/12/2019 (Unaudited)	31/12/2020 (Unaudited)	31/12/2019 (Unaudited)	31/03/2020 (Audited)
1.	Revenue from Operations
	Sales / Income from operations $\left \cdot \right $	26,223.38	21,729.97	26,310.42	68,868.80	71,552.79	96,619.83
	Other Operating Income $\mathbf{b}$	1,308.37	1,386.56	3,417.23	4,523.43	3,417.23	4,481.35
	Total Income from Operations (Net)	27,531.75	23,116.53	29.727.65	73,392.23	74,970.02	1,01,101.18
2.	Other Income	114.32	64.07	94.77	208.83	178.30	280.57
1	Total Income $(1 + 2)$	27,646.07	23,180.60	29,822.42	73,601.06	75,348.32	1,01,381.75
4.	Expenses
	Cost of materials consumed a	37,698.67	606.43	24,568.60	38.505.51	25,680.50	57,243.99
	Other Manufacturing Expenses ${0}$	839.10	589.57	762.44	1,660.09	2,095.78	2,389.03
	Purchase of Stock in trade $\vert c \rangle$	1,553.33	484.53	1,074.81	2,408.19	2,214.23	3,521.15
	Change in inventories of finished goods, work-in- (d) progress and stock-in-trade	(23,837.80)	15,836.60	(6, 417.58)	10,619.22	26, 264.02	7,110.32
	Employee benefit expenses (e)	2,095.43	1,498.47	1,873.59	4,721.91	4,741.81	6,997.69
	Finance costs m	964.94	922.21	648.45	3.012.12	3,256.57	4,313.24
	Depreciation & amortisation expense 做	310.91	308.62	350.08	926.05	1,042.79	1,374.04
	Excise Duty on Sales 仙	3,998.18	3,982.01	3,762.60	9,821.44	10,536.39	14,062:76
	Other expenses $\omega$	600.06	401.43	532.01	1,269.99	1,985 46	2,979.04
	Total Expenses	24,222.82	24,629.87	27,155.00	72,944.52	77,817.55	99,991.24
5.	Profit (Loss) before tax (3 - 4)	3,423.25	(1,449.27)	2,667.42	656.54	(2,669.23)	1,390.50
6.	Tax Expense
	Current Tax INet of MAT Credit)
	Deferred Tax	136.27	(62.35)	119.07	(13.87)	[56.15]	13.85
	Short / Excess Provisions
	Total Tax Expense	136.27	(62.35)	119.07	(13.87)	(56.15)	13.85
7.	Profit (Loss) after Tax (5 - 6)	3,286.98	$ 1,386.92\rangle$	2,548.35	670.41	(2,613.08)	1,376.64
B.	Other Comprehensive Income
	Total Other Comprehensive Income, Net of Tax (Items that will not be reclassified to Profit or Loss Net of Income Tax)	(25.47)	76.68	(40.05)	(71.61)	(89.81)	(128.30)
9.	Total Comprehensive income for the period	3,261.51	$ 1,310.24\rangle$	2,508.30	598.80	(2,702.89)	1,248.35
10.	Paid-up equity share capital
	(Face Value per Share - Re. 1)	1,125.00	1,125.00	1,125.00	1,125.00	1,125.00	1,125.00
11.	Other Equity Rs.5236.63 Lakhs ~31.03.2020
12.	Earnings per share of Re. 1 (not annualised)	Rs.	Rt.	Rs.	Rs.	Rs.	Its.
	Basic & Diluted	2.92	(1.23)	2.27	0.60	(2.32)	1.22

Regd. Office: Mahayeernagar, Sangli 416416
Administrative Offices: Ugarkhurd 591316 (Dist. Belagavi)
Factories: Ugarkhurd (Dist. Belagavi) and Nagarhalli-Malli Village (Dist. Kalburgi)

PART II

(Rs. in Lakhs)

STATEMENT OF STANDALONE UNAUDITED SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 31st DECEMBER 2020

Particulars		<- Quarter Ended -- >			For the Nine Months Ended On
	31/12/2020 (Unaudited)	30/09/2020 [Unaudited)	31/12/2019 (Unaudited)	31/12/2020 (Unaudited)	31/12/2019 (Unaudited)	Year Ended 31/03/2020 (Audited)
1. Segment Revenue
Sugar a. Co-generation ь. industrial Airohol 龙 d. Potable Alcohol e. Unallocated Total	21,696.57 5,432.08 2,328.04 4,954.74 1,596.92	18,067.05 1,834.17 4,799.91 504.54	26,070.13 5,506.92 1.886.21 4,694.50 1,107.89	59,194.28 6,432.28 4,969.13 12,256.79 2,487.80	61,255.88 5,556.34 4,075.39 13,425,88 2,276.65	84,033.56 11,528.08 7.029.43 17,913.82 3,595.79
Less: Intersegment Revenue	37,008.35 9,476.60	25,205.67 2,089.14	39,265.65 9,538.00	85,340.28 11,948.05	86,590.14 11,620.12	1,24,100.68 22,999.50
Net Sales / Income from Operations	27,531.75	23,116.53	29,727.65	73,392.23	74,970.02	1,01,101.18
2. Segment Results Profit / (Loss) before interest & tax Sugar Co-generation b. c. Industrial Alcohol ď. Potable Alcohol Unallocated 욘. Total Less: ï. Finance Cost H. Other Unallocable Expenditure íii. Unallocable Income	2,513.10 1,781.08 1,062.87 (42.53) 32.63 5,347.15 964.94 1,073.28 [114.32] 1,923.90	762.50 (404.24) [256.87] 79.13 12.67 193.19 922.21 784.32 (64.07) 1,642.46	2,786.36 1.141.81 326.41 (41.93) 28.92 4,241.57 648.45 1,020.47 [94.77] 1,574.15	3,871.31 1,101.12 745.22 208.19 53.74 5,979.58 3,012.12 2,519.75 (208.83) 5,323.04	2,494.76 [5.95] 338.57 171.95 51.75 3,051.08 3.256.57 2,642.04 (178.30)	7,425 83 1,386.64 430.04 206.52 81.64 9,530.67 4,313.22 4,107.59 (280.64)
Profit / (Loss) before tax	3,423.25	(1,449.27)	2,667.42	656.54	5,720.31 (2,659.23)	8,140.17 1,390.50
3. Capital Employed (Segment Assets minus Segment Liabilities) Sugar ä. Co-generation ь Ë. Industrial Alcohol d. Potable Alcohol ė. Others (Unallocated)	43,373.27 6,021.76 1,510.10 2,075.05 1,438.24	33,152.22 4,196.40 1,715.37 2,446.18 905.62	31,007.11 5.835.44 1,771.72 1,948.40 1,007.46	43,373.27 6,021.76 1,510.10 2,075.05 1,438.24	31,007.11 5,835.44 1,771.72 1,948.40 1,007.46	41,322.16 5,131.49 1,783.47 1,790.58 582.29
Total	54,418.42	42,415.79	41.570.13	54,418.42	41,570.13	50,609.99

Regd. Office: Mahavwernagar, Sangli 446416

Aclministravive Offices: Ugarkhurd 591316 (Dist. Selagayil

Factorion: Ugarkhurd {Gist. Bolagavi} and Nagarhalli-Malli Village (Gist. Kalburgil

• 1. The main business of the Company being seasonal, the figures of the current period are not indicative of the annual results.
• 1. Inter-segment Transfers of Bagasse and Molasses, the cost of which is unascertainable, are recorded at net realisable value. interssegment Transfers of other items are recorded at cost.
• 1. Figures for the corresponding quarter in the earlier year have been regrouped f recast, where necessary.
• 1. This statement has been prepared in accordance with the Companies {Indian Accounting Standards) Rules, 2015 ('Ind AS'} prescribed under section 133 of the Companies Act 2013 and other recognized accounting practices and policies to the extent applicable.
• 4, Effective from 1st April, 2029, the company has adopted Ind AS 116 "Leases", The effect of adoption om the results of the company was insignificarst,
• &. impact of Covid-19 ; Overall there is no material impact on financial results for the quarter ended 32" December 2020,
• 7, Crushing for the Sugar Season 2020-21 of Ugar Linit has commenced on 25-10-2020 aod Jewargi Unit on 13-11-2020.

*

1. The above results are reviewed by the Audit Committee and were approved and taken on record by the Board of Directors at its meeting held an 10-02-2021,

For M/s Grtane and Pandit LLP ; For The Ugar Sugar Warks Lid a Chartered Accountants _ Firm Ragn. No. 16 /w100057 2a. b& = f

Membership No. 117309

Gate WMR2021 Bate: 10-02-2021

		THE UGAR SUGAR WORKS LIMITED.

Sec/

• Works * Ugar Khurd 591 3 16, Dist.Belgaum, Karnataka E-mail * helpdesk@ugarsugar.com Rcgd. Orticc * Mahaveernagar, Sangli - 4 16 4 16, Maharashtra.
• E-mail * l"@ usw.sang 1 "'ugarsugar.com.
• Phone -91 8339 274000 (5 Lines) Fax• -9 18339 272232 Website * www.ugarsugar.com
• Phone -91 233 26237 17, 2623716 Fax * -91 233 2623617
• TIN No. * 2952000700 1, PAN-AAACT7580R
• SERV.TAX * AAACT7580 RST 004. ECC No.AAACT7580 RXMOOI . (CIN - Ll5421 PN1939PLC006738)

Date: 10/02/2021

To,	To,
The Executive Director,	Corporate Communications
Bombay Stock Exchange Ltd.,	National Stock Exchange of India Ltd.
P J Towers, Dalal Street,	Exchange Plaza, Plot no. C/1, G Block
Mumbai.	Bandra-Kurla Complex, Bandra (E)
Tel No: (022) 22721234	Mumbai - 400 051
Fax No: (022) 22721278/22722039	Tel No: (022) 26598148 Fax No: (022) 26598120

Sub: - Regarding Submission of Un-Audited financial Result for the quarter ended 31st December, 2020.

Dear Sir,

We are furnishing you Segment wise dei:ails of Capital Employed in respect of Un-Audited financial Result (Standalone and Consolidated) for the quarter & half year ended 31st December, 2020.

Standalone Result details:

SI.	Particulars	Sugar	Co	Industrial	Potable	Unallocated
No			generation	Alcohol	Alcohol
A	Segment Asset	62795.32	6702.81	1703.10	2286.35	4397.09
B	Segment Liabilities	19422.05	681.06	193.01	211.30	2958.85
C	Capital Employed (A-B)	43373.27	6021.76	1510.10	2075.05	1438.24

Consolidated Result details:

SI.	Particulars	Sugar	Co	Industrial	Potable	Unallocated
No			generation	Alcohol	Alcohol
A	Segment Asset	62795.32	6702.81	1703.10	2286.35	4521.52
B	Segment Liabilities	19422.05	681.06	193.01	211.30	2958.85
C	Capital Employed (A-B)	43373.27	6021.76	1510.10	2075.05	1562.67

This is for your kind information and record.

Thanking you, Yours faithlu!ly, • 0J' ,,f) ~i~l&.. 'l'ush~~ 1ndc Asst. Company Secretarv

Mumbai :70 I, Roha Orion, 16'" Road, Sandra (W), Mumbai 400 050,.Phone:+9 1 22 26043540, Telcfax:+91 22 26045848, E-mail :: usw.bby@ugarsugar.co111 . Bangalore: 317, J4'"Cross, 9'" Main Jaynagar, II Block.Back Side of Kuchalamba Ka lyan Mantap,5600 ¹¹ .Ph ./Fx :+9 I 80 26565630, mail:usw.blr@ugarsugar.com Belgaum : G-1 . Plot No.25 10 :Mahant Rsidency", Mahantesh Nagar, Belagavi-590017 Ph/Fx-0831-2472204. E111ail:usw.bg111@ugarsugar.co111 .