W Machino Plastics Limited

Registered Office & Plant: CIN:L25209HR2003PLC035034

3, Maruti J.V, Complex, Delhi-Gurgaon Road, Tel: 0124-2341218, 2340806 Email: admin@machino.comHaryana e 122 015, India. Fax: 0124-2340692 Website: www.machino.com

Date: 30th January, 2019

To,

The BSE Ltd.

Phiroze Jeejebhoy Towers,

Dalal Street,

Mumbai — 400001

Scrip Code. 523248

Sub: Outcome ofthe Board Meeting held on 30th lanuau. 2019

Dear Sir/Madam,

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find enclosed herewith the Unaudited Financial Results of the

Company along with the Limited Review Report for the quarter and nine months ended on 315t

December, 2018 approved by the Board of Directors of the Company in its meeting held todayi.e. on Wednesday, the 30th January, 2019.

The Board Meeting commenced at 02:30 pm. and concluded at 03:30 pm.

Kindly take the same on record.

Thanking You

Yours faithfullyFor Machino Plastics Limited

For Machino Elastics Ltd

3”?”_

Am. rised Signatory

Sanjiivv lindallChairman cum Managing Director

ISO/TS (6949:2009 Certified

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“9.3:...ABS Certificate No: 40683

IATF Cerlificate No: 28290

reW Machino Plastics Limited

Registered Office 8. Plant :

Te'. 1 01244341218, 2340806 E-mail : admin@ma_chino.comPlot No. -3, Marutl Jomt Venture Complex, Fax

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0124-2340692Webs'te i WWW-mBCh'm-Wm

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CIN 1 L25209HR2003PLC035034Udyog Vihar Phase IV, Gurgaon-122015, India

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 315T DECEMBER

Part I 2018 (RS. In Lakhs)Quarter ended Nine months ended Year ended

Sr 8 Particulars 31-Dec-18 30-Sep-18 31-Dec-17 31-Dec-18 31-Dec—17 31-Mar-18

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)

I Revenue from Operations

Sale of products 7,232.72 3,223.89 7,445.84 23,380.56 23,635.92 31,750.74Other Operating revenues 12.36 10.72 11.96 32.66 27.34 36.68

Total Revenue from Operations 7,245.08 8,234.61 7,457.80 23,413.22 23,663.26 31,787.42II Other Income 2.09 0.91 1.62 5.11 10.73 26.62

ill Total Income (I+II) 7,247.17 8,235.52 7,459.42 23,418.33 23,673.99 31,814.04

IV Expenses

Cost of material consumed 4,350.16 5,066.44 4,493.61 14,242.99 13,824.59 18,635.49

Changes in inventories of finished goods, WIP and stock»inetrade (156.93) (64.22) (58.60) (243.65) (214.29) (139.57)Employee benefit expenses 844.99 828.21 766.24 2,421.85 2,361.61 3,128.20Finance Costs 153.91 153.36 177.10 462.79 562.58 727.12

Depreciation & amortisation expense 465.84 466.07 479.51 1,405.70 1,420.10 1,907.08Excise duty on sale of goods -

--

- 1,193.09 1,193.09

Other expenses 1,519.24 1,685.83 1,509.62 4,856.36 4,677.18 6,185.06Total Expenses (IV) 7,177.21 8,135.69 7,367.48 23,146.04 23,824.86 31,636.47

v Profit before tax (III-IV) 69.96 99.83 91.94 272.29 (150.87) 177.57

VI Tax Expense7 Income Tax (41.27) 24.20 (5.10) 49.72 7.50 (93.36)- Deferred Tax 108.30 (12.99) 3.54 77.34 6.09 (209.36)

67.03 11.21 (1.56) 127.06 13.59 (302.72)VII Profit for the period (V-VI) 2.93 88.62 93.50 145.23 (164.46) 480.29

VIII Other Comprehensive Income

3) Items that will not be reclassified to profit or loss --

-— 7

9.37

b) Income tax relating to items that will not be reclassified to profitor loss »

--

»-

(3.10)c) Items that will be reclassified to profit or loss -

-.

._

d) Income tax relating to items that will be reclassified to profit or

loss --

».

._

Total Other Comprehensive Income for the period (a+b+c+d) --

—-

- 6.27

IX Total Comprehensive Income for the period (VII+VIII) 2.93 83.62 93.50 145.23 (164.46) 486.56

X Paid-up Equity Share CapitaI 613.68 513.68 613.68 513.68 613.68 613.68

XI Face value of the share (INR) 10.00 10.00 10.00 10.00 10.00 10.00

Earning per share (EPS) (face value of Rs. 10/- each)

a) Basic EPS (RS.) 0.05 1.44 1.52 2.37 (2.68) 7.83

b) Diluted EPS (RSJ 0.05 1.44 1.52 2.37 (2.68) 7.83

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MACHINO PLASTICS LIMITED Continuation Sheet

NOTES :

The above unaudited financial results for the quarter and nine months ended 31$t Dec, 2018 have been reviewed by the audit committee ofthe Board and taken1 on record by the Board of Directors in their meeting held on 30th Jan, 2019. The Statutory Auditors of the Company have carried out a audit of the aforesaid

results.

2 These results have been prepared in accordance with the Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013 andother recognised accounting practices and policies to the extent applicable

3Consequent to introduction of Goods and Services Tax (GST) with effect from Ist July 2017, Central Excise, Value Added Tax (VAT) etc have been subsumed intoGST. In accordance with lndian Accounting Standard - 18 on Revenue and Schedule III of the Companies Act, 2013 unlike levies like GST, VAT etc are not part ofRevenue. Accordingly, the figures for the period ended 31st Dec 2018 and year ended 315t March, 2018 are not strictly relatable to current period numbers. Thefollowing additional information is being provided to facilitate such understanding:

Particulars Quarter ended Nine months ended Year Ended31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018

A. Sales of products 7,245.08 8,234.61 7,457.80 23,413.22 23,663.26 31,787.42B. Excise duty —

»»

-

1,193.09 1,193.09C. Sale of products excluding excise duty (A) - (B) 7,245.08 8,234.61 7,457.80 23,413.22 22,470.17 30,594.33

4 Prices fixed with customers are subject to revision.

5 The company is exclusively engaged in the business of manufacturing of plastic moulded parts for automotive, appliances and industrial application and alliedproducts, which is considered as the only reportable segment referred to in statement on ind AS — 108 "Operating Segments". The geographical segmentation isnot relevant, as there is insignificant export.

6 Volumes are lower due to discontinuation [replacement of some models and main customer producing bumpers and instrument panels in house in their new

plants at Manesar and Gujarat.

7 The company will not be accepting any request for transfer of shares in physical form with effect from lst April. 2019 except transmission or transposition ofphysical shares.

3 Previous period figures have been recast wherever considered necessary.

By Order of the Board

For MACHINO PLASTICS LIMITED

For IVITCZi“1". .

’

7’5Place : GURGAON

. --

“Sanjiiw JindallDate : 30th Jan, 2019Chairman cum Managing Director

E

KM G S & ASSOCiateS Basement, 18, National Park,

Chartered Accountants Lajpat Nagar—IV, New Delhi—110024

INDEPE

TO THE

1.

Phone No.011»41636826

Fax No.01 1-41636825

Email: office@kmgsa.in

NDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

BOARD OF DIRECTORS OF MACHINO PLASTICS LIMITED

We have reviewed the accompanying Statement of Standalone Unaudited Financial

Results of Machine Plastics Limited (”the Company"), for the quarter and nine month

period ended December 31, 2018 (”Statement”), being submitted by the Company

pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 as modified by Circular

No.ClT/CFD/FAC/62/2016 dated July 5, 2016.

This 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 Indian Accounting Standards 34 ”Interim

Financial Reporting (”Ind AS 34”), prescribed under Section 133 of the Companies Act,

2013 read with relevant rules issued thereunder 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 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 of 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 procedures applied to

financial data and thus provides less assurance than an audit. We have not performedan audil and, atwrdingly, 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 statement, prepared in accordance with the

aforesaid Indian Accounting Standards 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 modified by Circular No‘ClR/CFD/FAC/62/2016 dated July 5, 2016, including the

manner in which it is to be disclosed, or that it contains any material misstatement.

For K M G S & Associates

Chartered Accountants

(Lalit Goel)Partner

M. No.091100

New Delhi, 30th January, 2019