United Drilling Tools Ltd. — Interim / Quarterly Report 2021

Mar 19, 2021

NITED DRILLING TOOLS LTD.

CIN: L29199DL 1985 PLCO 15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES

: +91-0120-4842400 Phones 2462673, 4221777 Fax No. : -91-0120-2462675

**USE PREFEX FOR CALLING -**From Out side Country -91-120 From Out side State $-0120$ From New Delhi $-0120$

13/02/2021

Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001

Please Reply to Head Office A-22, Phase-II, Noida-201305 Distt. Gautam Budh Nagar, Uttar Pradesh, India E-mail: enquiry@udtltd.com Website: www.udtltd.com

UDT/SEC/2020-21/BSE-56-NSE-28

Listing Compliance Department National Stock Exchange of India Ltd. Exchange Plaza, C-1 Block-G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Security ID - UNIDT

Security ID - 522014

Sub: Outcome of Board Meeting

Dear Sir/Ma'am,

Pursuant to regulation 30 read with regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we would like to inform you that the meeting of Board of Directors of M/s United Drilling Tools Ltd. (the Company) held on today, the 13th day of February, 2021 at head office of the Company situated at A-22, Phase-II, Noida - 201305 commenced at 02:00 PM and concluded at $Q\downarrow \ldots$ So for inter-alia, approved the following matters:-

• 1. Un-audited Financial Results of the Company for the 3rd quarter ended 31st December, 2020.
• 1. Limited Review Report on un-audited Financial Results.
• 1. Declaration of interim dividend @ 9.00 % i.e; Rs. 0.90 per equity share of Rs. 10/- each. The record date would be the Wednesday, the 24th February, 2021.

A copy of the aforesaid results along with Limited Review Report thereupon, are enclosed herewith.

Kindly take the same on record, please.

Thanking You,

Yours faithfully For United Drilling Tools Ltd.

Pramod Kumar Oiha Company Secretary M. No. 8698

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			Phone No. 0120-4213490, Fax No. 0120-2462674
	STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS					ENDED 31st DECEMBER, 2020
						(Rs. in Lacs)
Sr. No.			Quarter ended		Nine Months ended		Year ended
	Particulars	31/12/2020	30/09/2020	31/12/2019	31/12/2020	31/12/2019	31/03/2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Income from Operations
	Revenue from Operations	3169.90	3640.99	3324.60	9594.22	8950.57	11175.08
	Other Income / (Loss)	96.93	106.46	97.40	318.28	199.48	291.82
≡	Total Revenue (I+II)	3266.83	3747.45	3422.00	9912.50	9150.05	11466.90
$\geq$	Expenses
	a. Cost of Materials Consumed	1249.09	5425.25	1310.03	9127.57	3,322.11	3,840.75
	b. Purchase of Stock-in-Trade	0.00	$\overline{0}$	0.00	$\overline{5}$	0.00
	c. Changes in Inventories of Finished Goods, WIP & Stock in
	Trade	(335.88)	(3463.15)	(68.06)	(4740.81)	(124.96)	244.08
	d. Employees Benefits Expenses	407.38	340.41	292.90	990.80	842.90	1,135.75
	e. Finance Cost	23.85	28.80	5.16	66.55	29.38	50.61
	f. Depreciation and Amortisation Expenses	68.34	65.16	68.24	196.68	198.37	269.69
	g. Other Expenses	410.00	267.56	160.77	860.61	479.64	650.60
	Total Expenses	1822.78	2664.03	1769.04	6501.40	4747.44	6191.48
>	Profit before Tax (III-IV)	1444.05	1083.42	1652.97	3411.10	4402.62	5275.42
$\overline{z}$	Tax Expenses - Current Tax	233.96	165.92	268.62	550.95	64784	73371
	Deferred Tax	3.02	2.16	27.37	$\frac{51}{6}$	46.45
$\bar{z}$	period from Continuing£Profit/(Loss) from forOperations	1207.07	915.34				19.92
W	Other Comprehensive Income /(Loss), net of Income Tax			1356.98	2853.24	3708.32	4521.80
	a) item that will not be reclassified to Profit or (Loss)
	Income(i) Remeasurement of defined benefit plan (net of
	Tax)	(176)	(1.93)	(1.01)	(5.27)	(3.05)	(6.34)
	IncomeTotal other Comprehensive Income /(Loss), (net ofiax)
	Total Comprehensive Income for the period, net of tax	(176)	(1.93)	(1.01)	(5.27)	(3.05)	(6.34)
×		1205.31	913.41	1355.97	2847.97	3705.27	4515.46

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Paid-up Equity Share Capital (Face Value of Rs. 10/- eachOther Equity	2030.31	2030.31	2030.31	2030.31	2030.31	14380.492030.31
Earning Per Share (for Continuing Operations)(a) Basic	5.94	4.50	6.68	14.03	18.25	22.24
(b) Diluted	5.94	4.50	6.68	14.03	18.25	22.24
Notes
1. The company's business activities falls within a single business segment (Engineering) in terms of Accounting Standard - 17 of ICAI.
2. The Company's operations and financial results for the six months ended 30th September, 2020 have been adversely impacted by the outbreak of COVID-19
gradually resumed with requisite precautions. The results for the six months are, therefore, not comparable with those for the previous six months. The Company haspandemic and the consequent lockdown announced by the Government of India due to which the operations were suspended for part of the first quarter and
considered the possible effects that may result from COVID-19 in the preparation of these interim financial results for the quarter and nine months ended 31st Dec.2020. While assessing the carrying value of its assets and liabilities, the Company has considered internal and external information available, and based on such
information and assessment, have concluded that no further adjustments are required to be made to these results. The impact of the pandemic may differ from thatestimated as at the date of approval of these interim financial results. The Company will continue to closely monitor any material changes to future economicconditions
3. Given the nature of business of the company and product mix in the respective quarter the result of any quarter may not be a true and/or proportionate reflaction
of the annual performance of the company. Further quarter to quarter results are also affected by the type of the products manufactured/sold during that quarter.
4. The above financial results have been approved by the Audit Committee & Board of Directors at their meeting held on 13th Feb. 2021. The statutory auditorshave carried out a limited review of the results for the quarter ended 31st Dec. 2020 and have issued an unmodified report on these results.
				For United Drilling Tools Ltd.
Place: Noida
Date: 13th Feb. 2021				Pramod Kumar GuptaManaging Director

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R.S.Dani & Co.

Charlered Accountants

Komon Complex, Near GPU, Britishera (Raj) 51.1001 Mobile No. (1935) 238292 Email - Constituidonial Corp.

INDEPENDENT AUDITORY'S LIMITED REVIEW REPORT ON THE UNAUDITED INTERIM FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31° DEC. 2020

The Board of Directors United Orilling Tools Limited

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• We have reviewed the accompanying clatement of standalone unaudited Financial Results of UNITED DRILLING TOOLS UNITED (The Company), for the quarter and mne months ended 31their 2020, three Statement ) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements), Regulations 2015, as amended.
• The 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 moiah Accounting Standard 34. Interlin Financial Reporting: ("Ind AS 34") prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.
• We conducted our review of the Statement in sccordance with the Standard on Review R Angagement (SRL) 2410. Review of Interior 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 is limited primarily to inquiries of company personnel and analytical procedure applied to financial data and this provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
  • Based on our review conducted as stated, above, nothing has come to our attention that causes us to believe that the accompanying statements prepared in accordance with the aforesaid applicable inclan Accounting Standards ("IND AS") specified under Section 133 of the Companies with 2013 as emericed read with relevant rules issued there under and other accounting practices and policies generally accepted in india, has not disclosed the information required to be usdeed in term of Regulator 33 of the SEBI (Laing Obligators and Disclosure Requirements Regulations, 2015 as amended including the manner in which it is to be disclosed. or that it contains any material misstatement,

R.S.Dari & Co. Chartered Accountants

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Kothan Camplex, Near GPC, Shilwara (Raj) 311001 Malile No. 03351358292 Email - complianemail.com

We draw attention to Note no. 2 of the accompanying financial results, which describes the management's evaluation of impact of uncertainties related to COVID-19 and its consequential effects on the operations of the Company. Our opinion is not modified in respect of this matter.

For R S David R Co. Chartery's Accountants (FRN 1802436) ALA NY

(Ashok Mangali) Pattner (M.No.OZITI4) Place Nolda Dated (1980-1980)

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