Ph in L28997KL1963PLCOO2015 · AS notified under the Companies (Indian Accounting Rules, 2015 as...
Transcript of Ph in L28997KL1963PLCOO2015 · AS notified under the Companies (Indian Accounting Rules, 2015 as...
BPL Limitedanaemic House, 64 Church StreetPbst Box No. 5194
Bengaiuru - 560 001, India.Ph : +91-802532 7985, 2558 9109E-mall : [email protected]/ Website : wwwbpl. inCIN :
L28997KL1963PLCOO2015
The Manager -
ListingAugust 6, 2018Bombay Stock Exchange Limited,
P J Towers, 25th Floor, DaIaI Street,Mumbai - 400 002
The Manager —
ListingNational Stock Exchange of India LtdExchange Plaza, 5"1 Floor, Plot No.C/l, G Block,Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051
Dear Sir/Madam,
Sub: Outcome of the Board MeetingWe would like to inform your good selves that the Directors of the Company at their Meetingheld today, have approved the following:
a)
b)
d)
e)
Un—audited financial results for the first quarter ended 30th June, 2018, The saidfinancial results duly signed by the Chairman & Managing Director, along with theLimited Review Report issued by Statutory Auditors are attached for your informationand record.
To approve the Notice for convening the 54‘h AGM of the Company.To approve Board's Report for the FY 2017-18.
To consider the Secretarial Audit Report for the FY 2017-18.
To appoint Mr. P. Sivarajan, Practicing Chartered Accountant as Scrutinizer to conductthe e—voting and ballot process for the ensuing AGM of the Company.
Please take the same on record.
Thanking you,
Very truly yours,BPL LIMITED
Company Secretary
EncI: a/a
Registwed Office : BPL Worls. Palakkad - 678 007, Kemla. India
BPL Limited
Regd.0ffice: BPL Works, Palakkad - 678 007, Kerala. ClN - L28997KL1963PLC002015E—mail: [email protected], URL:www.bpl.in, Tel: No. +91 80 25589109
Statement of Standalone Unaudited Financial Results for the Quarter ended 30 June 2018
(Rs. In Lakhs)Quarter Ended Year EndedSl.
nos
30-05-2018 31»03>2018 30~06-2017 31-03-2018 (Audited)particulars(Unaudited) (Audited) (Unaudited)| REVENUE
Revenue from operations2,110.17 2,234.12 2,252.53 12,524.10|| Other Income (net)
28.24 119.69 35.99 1,507.64lll Total Income (l+ll)2,138.40 2,353.82 2,288.52 14,031.75
IV EXPENSES
Cost of material consumed370.88 341.22 559.38 2,091.79Purchases of Stock-in-Trade952.64 626.50 1,592.79 7,889.52Changes in inventories of finished goods, Stock-in -Trade and work-
in-progress346.03 558.89 (583.67) (511.13)Excise Duty
-
(0.21) 96.06 95.85Employee benefits expense198.14 169.69 146.52 725.28Finance costs
32.78 25.89 79.78 181.42Depreciation and amortization expense 11.07 10.20 ’
15.08 49.14Other expenses195.19 410.85 283.10 1,247.49Total Expenses
2,106.74 2,143.03 2,189.04 11,769.36
V Profit/(loss) before exceptional items and tax (lll- IV) 3167 210.78 99.48 2,262.39
Vl Profit/(loss) before tax (V-Vl)31.67 210.78 99.48 2,262.39
Vll Tax Expense:
(1) Current Tax8.72 (16.77) 4.10(2) Deferred Tax-
1,527.851,527.85
Vlll Profit (Loss) for the period from continuing operations (Vll-Vlll) 22.94 (1,300.29) 95.38 734.54
lX Profit/(loss) for the period (lX+Xll)22.94 (1,300.29) 95.38 734.54
X OtherComprehensivelnccmeA (i) Items that will not be reclassified to profit or loss
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3.52 (1.37) 3.52
(ii) Income tax relating to items that will not be reclassified to profitor loss
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(1.09) (0.42) (1.09)
Total Comprehensive Income for the period (XIII+XIV) (ComprisingXl Profit (Loss) and Other Comprehensive Income for the period) 22.94 (1,297.86) 94.43 736.97
Xll Weighted average number of ordinaw shares488.85 488.85 488.85 488.85Earnings per equity share (for continuing operation):
(1) Basic
0.05 (2.66) 0.20 1.50(2) Diluted0.05 (2.66) 0.20 1.50
Notes:
The above results have been reviewed by the Audit Committee and approved andtaken on record by the Board of Directors at the meeting held on 6‘h August 2018.
The Financial results for all the periods presented above have been prepared inaccordance with Ind AS notified under the Companies (Indian Accounting Standards)Rules, 2015 as amended from time to time.
These unaudited quarterly results are prepared as prescribed by SEBI’s CircularCIR/CFD/CMD/lS/ZOIS dated 5“1 July 2016, Ind AS and Schedule III (Division II) tothe Companies Act, 2013, applicable to companies that are required to comply withInd AS.
crores. An unsecured claimant had obtained an arbitral award against the Company.The Company has filed an appeal against the said order before the Honourable HighCourt of Delhi as provided for in the Arbitration and Conciliation Act, 1996. As thematter is sub-judice and the Company‘s liability, if any, will crystallize uponcompletion of the legal proceedings, no contingent liability is considered.
Provision for Deferred Taxation as per Ind AS-12 “Income Tax” provisions forcurrent tax and employee benefits as per Ind AS-l9 “Employee Benefits”, will bemade at the end of the year. Provision of tax for the current quarter has providedbased on other income earned during the quarter.
Previous period figures have been regrouped /reclassified to conform to currentperiod’s presentations.
For and behalf fthe Board of BPL Limited
41.5%;.v
ambiar"
, .- : Managing Director)(Ch
Place: BangaloreDate: August 6, 2018
‘
MKUK fr ASSOCIATESCHARTERED AccouNTANTs
Limited Review Report
To the Board of Directors,BPL Limited.
We have reviewed the unaudited financial results of BPL Limited (the Company”) forthe quarter ended June 30. 2018 which are included in the accompanying ‘Statement ot‘Unaudited Financial Results for Quarter ended .Iune 30. 2018‘ together with the relevantnotes thereon (the Statement). The Statement has been prepared b_\ the Companypursuant to Regulation 33 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations. 2015 (the “Listing Regulations.3015‘) read with SE13] circulardaled Jul} 5. 2016.
The Statement is the responsibilit) ot‘ the ('ompam's management and has beenapproved by the Board of Directors. Further. the Management is also responsible toensure that the accounting policies used in preparation of this Statement in accordancewith the Companies (Indian Accounting Standards) Rules. 2015 (Ind AS) prescribedunder Section 133 oi‘the Companies Act. 2013 and other recognized accounting practicesand policies Our responsibility is to issue a report on the Statement based on our review
We conducted our review in accordance with the Standard on Review Engagements(SRE) 2410. “Review of Interim Financial Information Performed by the IndependentAuditor of the Entity' issued by the Institute ol‘ Chartered Accountants of India. ThisStandard requires that we plan and perform the re\ icxv to obtain moderate assurance as towhether the Statement is free ofmaterinl misstatement.
A review is limited primaril) to inquiries ol‘ compan} personnel and anubticalprocedures applied to financial data and thus pro\ide less assurance than an audit. Wehave not performed an audit and accordingl}. \\e do not express an audit opinion.
Based on our revicu conducted as abm e. nothing has come to our attention that causes usto believe that the Statement has not been prepared in all material respects in accordancewith Ind AS and other recognized accounting practices and policies. and has notdisclosed the information required to be disclosed in terms of Regulation 33 ot‘ theListing Regulations. 2015 read with SEBI circular dated July i. 2016 including themanner in which it is to be disclosed. or that it contains any material misstatement.
For M K U.K 8- ASSOtCJ|/::ESI '
Accoun anPlace: BangaloreChfi'réggfi 011 as)Date: 06'I'August 2018
o EPH (203958)ANTProprietOr