United Drilling Tools Ltd. — Interim / Quarterly Report 2019

May 29, 2019

UNITED DRILLING TOOLS LTD.

CIN : L29199DL 1985 PLCO 15798 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES (AN ISO 9001 8. API APPROVED CERTIFIED COMPANY) (INCLUDING ISO 14001:2004 & OHSAS 18001:2007)

mm" :Efi:d12£\$:;gg _ Fax No. : +91-o1zo-24ezs15 A-zz, Phase-II, Nelda-201305

USE PREFIXFOR CALLING - From Out sIde Country -91-120 :rom Out"fish" '31:: Wobslte : www.udtltd.cdm 5%7b'5'7i'6?5

To, Security Code: ⁵²²⁰¹⁴ The Listing Compliance Department Security ID: UNIDT BSE Limited ISIN: INE961D01019 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai— 400001

Please Reply to Head Office

³¹³'"3:33: Bulls; "'9"' E4..." . enqul'wmdm com

Sub: Outcome of Board Meeting held on 29"I May, ²⁰¹⁹

Dear Sir/Mam,

Pursuant to regulation ³⁰ read with regulation ³³ of SEBI (Listing Obligation and Disclosure Requirement) Regulation, ²⁰¹⁵ we would like to inform you that the meeting ofBoard ofDirectors of M/s United Drilling Tools Ltd. (the Company) held on Wednesday, the 29"I day of May, ²⁰¹⁹ at head office ofthe Com any situated at A-22, Phase-II, Noida - 201305 commenced at 01 :00 PM and concluded atQHil ..PM , for inter-alia, approved the following matters:-

• Audited Financial Results for the Quarter and year ended 31St March, ²⁰¹⁹ as per Ind-AS;
• Statutory Auditor's Report on Financial Results and Statement ofAssets and Liabilities as on 31St March, 2019 VV
• Declaration from Chief Financial Officer, regarding audit Report with unmodified opinion.
• Declaration ofFinal Dividend for the financial year 2018-19 @ 6% per equity share of Rs. 10 each. VV

This is for your information and record.

Thanking You,

Yours faithfully For United Drilling Tools Ltd.

\t ,

Pramod Kr. tha Company Secretary M. 1V0. 5036

Encl: as above

Regd. Office : 139A. First Floor, AntrIksh Bhawan, ²² Kasturba Gandhl Marg. New Delhl -110 ⁰⁰¹

INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF UNITED DRILLING TOOLS LIMITED

• 1. We have audited the accompanying Statement of Standalone Financial Results of UNITED DRILLING TOOLS LIMITED ("the company"), for the quarter and year ended March 31, 2019 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. ClR/CFD/FAC/62/2016 Dated July 5,2016.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been compiled from the related Standalone Ind AS financial Statements which has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder ('lnd AS') and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit ofsuch standalone financial statements.
• 1. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide ^a basis for our audit opinion.

1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

• i. ls presented in accordance with the requirements of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. ClR/CFD/FAC/62/2016 Dated July 5, 2016.
• ii. Gives ^a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the year ended March 31,2019.
• 1. The Statement includes the results for the Quarter ended March 31, 2019 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For ^{R S} Dani 8: Co. Chartered Accountants (FRN 000243C)

M0

Ashok Mangal Partner (M.No. 071714)

Place: Noida Date: 29/05/2019

	DRILLING UNITED	TOOLS	LIMITED
	: L291990L1985PLC015796 CIN
	Antriksh Floor, First A, : 139 REGDDFFICE	Kasturba 22, Bhawan,	Gandhi	DELHI-110001 NEW Marg,
	0120-4213490, No. compsect ID: Phone E-mail	No. Website: Fax @udtitd.com,	www.udtltd.com 0120-2462674
	RESULTS FINANCIAL AUDITED OF STATEMENT	QUARTER THE FOR	YEAR AND	MARCH, st 31 (RS ENDED	2019
			ended Quarter	Lacs)	ended Year
No. Sr.	Particulars	Audited 3/31/2019	Unaudited 12/31/2018	3/31/2018	3/31/2019	31.03.2018
	Operations from Income			Audited	Audited	Audited
	Operations from Revenue	2373.50	3227.00	6093.74	1561983	7342.65
	I (Loss) Income Other	48.53	18.19	11.91	92.98	48.41
	(1+0) Revenue Total	2422.02	3245.19	6105.65	15712.80	7391.06
	Consumed Materials of Cost Expenses	973.30	453.34	6256.50
	Stook-in-Trade of b.Purchase a.	0.00	0.00	0.00	6,331.37	7,311.80
	Stock & WIP Goods, Finished of Inventories in c. Changes
	Trade in	-342.15	1,965.12	(2289.11)	3.99209	(3,193.89)
	Expenses Benefits d.Emptoyees Finance	270.62	242.71	256.90	1,023.25	671.27
	Expenses Amortisation Cost 1.Depreciation e.	8.02	18.62	96.26	100.14 286.68	52.28
	and Expenses Other 9.	71.58 237.01	74.19 348.61	68.73 466.97	1,448.69	269.02 902.55
	Expenses Total	1218.38	3102.59	4856.25	13182.22	6013.04
	and items Extraordinary and Exceptional before Profit
	Items -lV) (I tax Exceptional	1203.64	142.60	1249.40	2530.58	1378.03
	items Extraordinary before Profit	0.00 1203.64	0.00	0.00	0.00	0.00
	(V-Vl) tax and lien-I Extraordinary	0.00	0.00 142.60	0.00 1249.40	2530.58	1378.03
	(VII-VIII) Tax before Profit	1203.64	142.60	1249.40	0.00 2530.58	0.00 1378.03
	Tax . Current Expenses Tax	21.66	29.57	0.00	68.70	0.00
	Tax - Deferred	48.25	12.33	79.34	«11.67	103.26
	from period Years for Eadier from A Profit/(Loss)	0.00	0.00	1.65	0.00	165
XI XII	Continuing the Operations	1273.55	100.70	1168.41	2473.55	1273.11
	Tax Income of net ((Loss), Income Comprehensive Other	(5.49)		(0.77)	(5.49)	(0.77)
	(Loss) or Profit to reclassified be not w that item a)	(1.51)			(1.51)
	Income of net /(Loss), lncome Comprehensive other Tax Total Totai	(3.98)		(0.77)	(3.98)	(0.77)
	tax of net period, the for Income Comprehensive
		1269.57	100.70	1167.64	2469.57	1272.34
XIV	each) 10/— Rs. of Value (Face Capital Share Equity Equity Paid-up	2030.31	2030.31	1015.15	2030.31	1015.15
XV XVI	Operations) Continuing (for Share Per Other Earning	1 133.50 1		10118.73	11133.50	1011873
	Basic Diluted (a) (b)	6.25 6.25	0.50 0.50	5.71 5.71	12.16 12.16	6.27 6.27

UNITED DRILLING TOOLS LIMITED
Statement of Assets and Liabilities is al follow:
, I Pam" 5'"	As At 31.03.2019 Audited	As At 31.03.2018 Audited
ASSETS	Rs. In Lacs	Rs. In Lacs
1.Non-current assets
(a) Property. Plant and Equipment	990.62
(b) Capital work - in- process	0.00	1,114.11 0.00
(c) Intangibles	2,437.24	2,540.21
(d) Intangibles under development	145.91	104.26
e Financial Assets
(i ) Investments	0.00	0.00
(ii) Loans	60613	0.00
(ii) Other Financial Assets (f Deferred Tax Assets	1,966.21	679.53
(9) Other Non Current Assets	0.00	0.00
	2,168.92	1,496.22
Total-Non-current assets (1)	8,315.03	5,934.33
2. Current assets
Inventories a	2,299.02	6,126.91
(b) Financial Assets
(i) Trade recivebles	2,744.44	7.087.25
(ii) Cash and cash equivalents	1,108.97	135.17
(iii) Loans and advance	258.76	219.10
(iv) Other Financial Assets (c) Other Current Assets	0.00	0.00
Total-Current assets (2)	163,94 6,575.13	162,29 13,730.72
Total-Assets (1+2)	14,890.16	19,665.05
EQUITY AND LIABILITIES
Equky
(a) Equity Share Capital
b) Other Equity	2,034.15 11,133.50	1,019.00
Total Equity (1)	13,167.65	10,118.73 11,137.73
Liabilities
Non-current liabilities
Financial Liabilities
(a) Long-term borrowings
(i) Boorrowings	1401	23.03
(ii) Other Financial liabilities	0.00	0.00
b) Provisions	71.76	60.16
(c) Deferred tax Iiabilities(net)	39788	409.55
(d) Other non-current liabilities	9.37	41.07
Total-Non-current liabilities (2)	493.02	533.81
Current Liabilities
Financial Liability a
(i) Borrowings	0.00	1,531.86
(ii) Trade Payables
(a) Dues of Micro and Small Enterprises	0.56	0.00
(b) Other then Dues of Micro and Small Enterprises (iii) Other Financial liabilities	524.59	5,638.34
Short Term Provisions ( b Net)	9.03 0.00	8.93
(c) Other current liabilities		0.00
Total-Current liabilities (3)	69531 1,229.49	814.38 7,993.51
Total Equity and Liabilities ( 1+2+3)	14,890.16	19,665.05

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UNITED DRILLING TOOLS LTD.

CIN : L29199DL 1985 PLCO 15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES (AN ISO 9001 8: API APPROVED CERTIFIED COMPANY) (INCLUDING ISO 1400122004 & OHSAS 18001:2007)

Please Reply to Head Office

Fax No. : +91-o120-2462675 A-22, Phase-ll, Nelda-201305 3:3":3:25;: 1'3"; ""9"' E-mall . . ⁰¹²⁰ Websltn . www.udtltd.com

use PREFIXFOR CALLING - From Out sldo Country -91-120 anquli'y@udtltd corn From Out slde State -⁰¹²⁰ ' From Now Delhl _

Phones "91-01211-4842400

29/05/2019

To, Security Code: 522014 The Listing Compliance Department Security ID: UNIDT . BSE Limited ISIN: INE961D01019 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai— 400001

24326134221777 .

Sub: Declaration on Unmodified opinion in the Audit Report for the FY 2018-19

Dear Sir/Mam,

Pursuant to regulation 33(3)(d) of SEBI (Listing Obligation and Disclosure Requirement) Regulation, ²⁰¹⁵ we hereby declare that M/s ^{R S} Dani & C0,, Statutory Auditors of the Company, have issued an Audit Report with unmodified opinion on the below mentioned Financial Statements ofthe Company.

Audited Financial Results for the quarter and year ended 315' March, 2019.

Kindly take this declaration on record, please

Thanking You,

Yours faithfully

For United Drilling Tools limited

:5"MCW

Arun Kr. Thakur Chief Financial Officer

Regd. Office : 139A. Flrst Floor, Anlrlksh Bhawan. ²² Kasturba Gandhi Marg, New Delhl -110 ⁰⁰¹