Virat Crane Industries Ltd — Interim / Quarterly Report 2020

Feb 8, 2020

VIRAT CRANE INDUSTRIES LTD.,

D.No. 25-18-54, Opp. CFIANE BETEL NUT POWDER WORKS OFFICE, Main Road, Sampathnagar, GUNTUR - 522 004, Phone : 0863 - 2223311 Email : vcil@oranegroup.in CIN No : L74999AP1992PLCO14392

To. Date: 08—02-2020 The General Manager BSI'I Limited,

Dear Sir.

Sub: ()ut cum of Board Meeting & Submission of Unaudited Financial results for the Quarter ended on 31-12-2019 under 33 of SEBI (LODR) Regulations 2015.

Pursuant to the Listing Agreement with BSE and regulation 33 of SEBI (LODR) Regulations 30 l 5. we are pleased to inform you that the meeting of the Board of Directors of the Company nus held on Saturday. 08'h February 2020 at 2.00 PM at Registered Office of the Company at (iunlur and approved the unaudited financial results of the company for the quarter ended on 31-12-2019 amongst other matters.

\Hence we are herewith enclosing the softcopy of the above said unaudited financial statements.

You are requested to please take on record the above said information for your reference.

Yours faithfully. lxor Viral Crane Industries "33» (BMW

rs Adi Venkata RamaR é '( Company Secretary & compliance Officer)

GROUP

	[JNAUDITED POWDER OF NUT STATEMENT BETEL CRANE OPP. NO. 25-18-54. D. OFFICE: REGD.	FINANCIAL WORKS	RESULTS MAIN OFFICE.	ROAD,	NAGAR, SAMPATH	GUNTUR - 522 00-1
	Lakhs)						(R5. 111
			ended Quarter		Months Nine	Ended ended	Year
	Pu rticulars	(Unaudited) 31.12.2019	(Lina udited) 30.09.2019	(Unaudited) 31.12.2018	(Unaudited) 31.12.2019	(Unaudited) 31.12.2018	(Audited) 31.03.2019
							8,572.24
	Operations from Revenue	2,499.90	1,878.18	2,127.02	6,219.21	6,474.28
	Income Other	0.36	0.36	3.04	2.45	3.76	6.00
	Icome (1+2) Total v-'NPOVP	2,500.26	1,878.54	2,130.06	6,221.66	6,478.04	8,578.24
	Expenses
	consumed (8) Cost of materials	1,894.92	1.500.03	1,611.31	4,862.41	4,793.74	6,415.73
	Purchase of stock-in—trade (b)	0.00	0.00	0.00	0.00	0.00	110.10
	Work in Pro in inventories of finished goods, stock in trade and Changes (0)	128.26	-94.49	-89.92	-36.10	46.92	35.43
	(d) Excise duty on sale of goods	0.00	0.00	0.00	0.00	0.00	0.00
	Employee benefit expenses (e)	43.38	43.51	25.26	127.44	67.45	167.95
	(f) Finance cost	9.41	11.67	11.74	31.60	31.28	43.77
	Expenses (g) Depreciation and amortisation	7.59	7.59	7.12	22.77	21.36	30.36
	(h) Other Expenses	227.02	196.90	280.01	604.04	724.42	818.87
	Expenses (a to h) Total	2,310.58	1,665.21	1,845.52	5,612.16	5,685.17	7,622.21
	Profit before tax (3-4)	189.68	213.33	284.54	609.50	792.87	956.03
	Expenses (Incl Deffered Tax) Tax 10wa	52.77	59.35	92.32	169.57	257.25	275.07
	For the period (5-6) Profit	136.91	153.98	192.22	439.93	535.62	680.96
	Income Comperhensive Other
	A (i) Items that will not be reclassified to profit or loss	0.00	0.00	0.00	0.00	0.00	0.00
	Income tax relating to items that will not be reclassified to profit or 10 (ii)	0.00 0.00	0.00	0.00	0.00	0.00	0.00
	be reclassified to profit or loss B (1) Items that will	0.00	0.00	0.00	0.00	0.00	0.00
	Income tax relating to items that will be reclassified to profit or loss (ii)	136.91	0.00	0.00	0.00	0.00	0.00 680.96
	lO/— each) income for the period (7+8) comperhensive Total	042.38	153.98 2,042.38	192.22 2,042.38	439.93 2,042.38	535.62 2,042.38	2,042.38
10 11	Diluted*- In Rs. and Value - Rs. Basic per share (of Rs. 10/- each) - Paid—up equity share capital (Face Earnings		0.75	0.94	2.15	3.33 2.62
	uarters are not annualised ures for g *Fi

• The results for the quarter and nine months ended December 31. 2019 were reviewed and recommended by the audit committee and approved b) the Board 01' Directors in its meeting held on 08—Feb-2020. The above results for the quarter and nine months ended December 31, 2019 have been reviewed by the statutory auditors ofthe company in terms 01'Regulatio11 33 ofthe SEBI (Listing obligations and Disclosure Requirements) Regulations. 2015.
• This statement has prepared in accordance with the Companies (Indian Accounting Standards) Rules. 2015 (1nd AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
• ("1 Government of 111dia has pronounced Sec. 1 ISBAA of the Income Tax Act. 1961 through Taxation Laws (Amendment) Ordinance. 2019. which provides a nonreversible option to pay corporate tax at reduced rate effective from April 1. 2019 subject to certain. conditions. The company is currentl} 111 the process 01' evaluation ofthis option. The Company continues to recognize the taxes 011 income for the Quarter and Nine months ended Dec 31. 2019 as per earlier provisions of the Income Tax Laws.
• The Company is presently operating in only one business segment i.e. Dairy Products.
  • Previous period figures are re-arranged/ re-grouped wherever necessary.

Place: GUNTUR Date: 08.02.2020

ANANTHA & ASSOCIATES CHARTERED ACCOUNTANTS

CA. SRINIVASULU ANAN'I'HA

13.001111, F.C.A., 0.1.3.11. (iCAI),

INDEPENDENT AUDITOR'S REVIEW REPORT ON UNAUDITED INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF VIRAT CRANE INDUSTRIES LIMITED, GUNTUR

• 1. We have reviewed the accompanying statements of Unaudited ^Financial Results of VIRAT CRANE INDUSTRIES LIMITED ("the company"), for the quarter and nine months ended Dec 31, ²⁰¹⁹ ("the statement"). This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue ^a report on these financial statements based on our review.
• 1. We conducted our review of the Statement in accordance with Standards 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 Statements are free of material misstatement. ^A review is limited primarily to inquires of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit 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 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 incIuding the manner in which it is to be disclosed, or that it contains any material misstatement.

For Anantha & Associates, Chartered Accountants, Place: Guntur

Date: 08.02.2020 A gm:

(Srinivasulu Anantha) Sr. Partner M. No. 214253 F. R. No. 0106428

UDIN: 20214253AAAACD8836