United Drilling Tools Ltd. — Interim / Quarterly Report 2021

Feb 13, 2021

D DRILLING TOOLS LTD.

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

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

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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

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

Please Reply to Head Office

A-22, Phase-II, Noida-201305

Distt. Gautam Budh Nagar,

E-mail: enquiry@udtltd.com Website: www.udtltd.com

Uttar Pradesh, India

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 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 $(2, 9.00%$ 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 Ojha Company Secretary M. No. 8698

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REGD.OFFICE : 139 A, First Floor, Antriksh Bhawan, 22, Kasturba Gandhi Marg, NEW DELHI-110001

E-mail ID: compsect @ udtltd.com, Website: www.udtltd.comPhone No. 0120-4213490, Fax No. 0120-2462674

(ESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER, 2020	(Rs. in Lacs)	rear endedNine Months endedQuarter ended	31/03/2020$31/12/2019$ 31/12/2020 31/12/201930/09/202031/12/2020	$\mathbf{r}$$\left{ \left{ \left{ \left{ \left{ \left{ \left{ \left{ \left{ \left{$
STATEMENT OF UNAUDITED FIT

						(Rs. in Lacs)
			Quarter ended		Nine Months ended		Year ended
Sr. No.	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 (HII)	3266.83	3747.45	3422.00	9912.50	9150.05	11466.90
≥	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	80.0	0.00	000	ooo	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
$\overline{5}$	Tax Expenses - Current Tax	233.96	165.92	268.62	550.95	647.84	733.71
	Deferred Tax	3.02	2.16	27.37	6.91	46.45	19.92
$\bar{z}$	period from Continuingfrom for theProfit/(Loss)
	Operations	1207.07	915.34	1356.98	2853.24	3708.32	4521.80
ξ	Other Comprehensive Income /(Loss), net of Income Tax
	a) item that will not be reclassified to Profit or (Loss)
	(i) Remeasurement of defined benefit plan (net of income
	$\overline{1}$ ax)	(1.76)	(1.93)	(1.01)	(5.27)	(3.05)	(6.34)
	Total other Comprehensive Income /(Loss), (net of Income
	Tax)	(1.76)	(1.93)	(1.01)	(5.27)	(3.05)	(6.34)
×	Total Comprehensive Income for the period, net of tax	1205.31	913.41	1355.97	2847.97	3705.27	4515.46

$\overline{\times}$$\times$	Paid-up Equity Share Capital (Face Value of Rs. 10/- each)Other Equity	2030.31	2030.31	2030.31	2030.31	2030.31	14380.492030.31
$\overline{\mathsf{x}}$	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-19pandemic and the consequent lockdown announced by the Government of India due to which the operations were suspended for part of the first quarter and
	gradually resumed with requisite precautions. The results for the six months are, therefore, not comparable with those for the previous six months. The Company has
	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.
	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 that2020. While assessing the carrying value of its assets and liabilities, the Company has considered internal and external information available, and based on such
	estimated 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				Pramod Kumar Gupta
	Date: 13th Feb. 2021				Managing Director

.1980 г. – Велико Горбан, американски преместник политички представник президент († 1980 г.)1980 г. – Велико Горбан, американски преместник политички президент († 1980 г.)

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R.S.Dani & Co.

Chartered Accountants

Kothari Complex, Near GPO, Bhilwara (Raj) 311001 Mobile No. 09351358292 Email - rsdcbhi@gmail.com

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

The Board of Directors United Drilling Tools Limited

• We have reviewed the accompanying statement of standalone unaudited Financial Results of 1. UNITED DRILLING TOOLS LIMITED (The Company), for the quarter and nine months ended 31v Dec. 2020, (the "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 $\overline{2}$ Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim 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 accordance with the Standard on Review 3. 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 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 4. us to believe that the accompanying statements prepared in accordance with the aforesaid applicable Indian Accounting Standards ("IND AS") specified under Section 133 of the Companies Act, 2013 as amended, 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 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.

R.S.Dani & Co.

Chartered Accountants

Kothari Complex, Near GPO, Bhilwara (Raj) 311001. Mobile No. 09351358292 Email - rsdcbhl@gmail.com

DANI

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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.

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For R S Dani & Co. Chartered Accountants (FRN 000243C)