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Btrr BIRLA PRECISION 17th August, 2 017 To, Department of Corporate Services, Bombay Stock Exchange Limited, Floor 25, P.J. Towers, Dalal Streer, Mumbai-400 001 Scrip Code: 522lls Reft Your Email dated l0th luly,2017 Subject: Revised Financial Results for the Quarter and Year ended March 37,ZOl7 Dear Sir, This is with reference to your email dated 10th Ju|y,201,7 and pursuant to Regulation 30 and Regulation 33 of Securities and Exchange Board of India (Listing 0bligations and Disclosure Requirementsl Regulations,2015, please find enclosed herewith the Audited Financial Results in the revised format as per Schedule III of the Companies Act,20\3 for the Quarter and Year ended March 31.,201,7 along with the Auditors' Report thereon by M/s Thakur, Vaidyanath Aiyer & Co., Chartered Accountants with unmodified opinion. Request you to kindly take the same on record. Thanking You, Yours faithfully For Birla Precision Technologies Limited 6rP Vandana Patil Company Secretary & Encl: As Above vHP /BSEO4 /2077 -18 Birla Precision Technologies Limited B-15/4, M lDC, Waluj, Aurangabad - 431 133,lndia. Tel: +91 240 2554301 ,2554408,2554945,2554947'8 Fax: +91 240 2554302 ' E-mai1 : [email protected] '\e4,'r'w.birlaprecision.com An l5O 9001:2000 & ISO 14001;2004 Companv CIN : 129220MH 198 6PLC041214
Transcript
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BtrrBIRLAPRECISION

17th August, 2 017

To,Department of Corporate Services,Bombay Stock Exchange Limited,Floor 25, P.J. Towers,Dalal Streer,Mumbai-400 001

Scrip Code: 522llsReft Your Email dated l0th luly,2017

Subject: Revised Financial Results for the Quarter and Year ended March 37,ZOl7

Dear Sir,

This is with reference to your email dated 10th Ju|y,201,7 and pursuant to Regulation 30and Regulation 33 of Securities and Exchange Board of India (Listing 0bligations andDisclosure Requirementsl Regulations,2015, please find enclosed herewith the AuditedFinancial Results in the revised format as per Schedule III of the Companies Act,20\3for the Quarter and Year ended March 31.,201,7 along with the Auditors' Report thereon byM/s Thakur, Vaidyanath Aiyer & Co., Chartered Accountants with unmodified opinion.

Request you to kindly take the same on record.

Thanking You,

Yours faithfullyFor Birla Precision Technologies Limited

6rPVandana PatilCompany Secretary &Encl: As AbovevHP /BSEO4 /2077 -18

Birla Precision Technologies LimitedB-15/4, M lDC, Waluj, Aurangabad - 431 133,lndia. Tel: +91 240 2554301 ,2554408,2554945,2554947'8

Fax: +91 240 2554302 ' E-mai1 : [email protected] '\e4,'r'w.birlaprecision.com

An l5O 9001:2000 & ISO 14001;2004 Companv CIN : 129220MH 198 6PLC041214

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BIRLA PRECISION TECHNOLOGIES LIMITEOCIN : L29220MH1986PLC041214

Regd, Ofrice : 8.15/1, M.|.D,C, , Waluj, Autangabad - 431 133Tel : +91 240 2554301, 2554408, Fax : +91 240 2554302, E-mail : [email protected], Web : www.bi.laprocision.com

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2017

' {t tn Lakhst

Sr.No.

Partic!larsQuarter Ended Y€ar Ended

31.O3.2017 31.12.2016 31.03.2016 31.03.2017 3't_03.20't6

Audited t naudited Audited Audited AuditedI

l

vvIXX

xt

x

x t

XIV

XVxvt

Revenue trom operationsOther lncomeTotal Revenue (l+ll)Expensesla) Consumption of raw materials and componentsb) Purchase of stock-in{radec) Changes in inventories of finished goods, semi finishedgoods and stock-jn{raded) Employee benefits expensee) Finance costf) Depreciation and amortisation expenseg) Other expenseTotaloxponsesProfiV(Loss) before exceptional and extraordinary items and

Exceptional llemsProtiu(Loss) beforo extraordinary items and tax {V-Vl)Exlraordinary itemsProliu(Loss) before tax (Vll-Vlll)Tax expense - Current tax

- Provision of earlier period

- Deferred taxProliu(Loss) for the period from continuing operations (lxx)

Profiv(Loss) for the period from discontinuing opelationsTax expense of discontinuing operationsProfiu(Loss) for the period from discontinuing operations(after tax) (Xll-Xlll)ProfiU(Loss) for the period (Xl+Xlv)Earning p€r Equity ShareBasic EPS ( {)Diluted EPS 1?l

(ur,rv)

4,107.00199.59

3,580.9919.13

3,892.33111.72

15,264.84271.83

14,927.50449.34

4,306.59 3.600.12 4.004.05 '15,536.67 1s.376.84

1.402.A230.1S

105.07900.79123.70162.18

1.668 49

1,248.7418.71

(358.15)

913.94116.77167.81

1,316.90

1,267.28

195.65910.82117.94146.48

1,551.99

5,176.55101.86

1472.64)3,710.77

456.20629.45

5,902.36

5,456.15125.39

(202.69)

3,478.70486.09588.99

5771044,393.24 3.424.72 4,2't4.58 '15,504.55 15.703.67

(86.65)

2,925.93(3,012.s8)

(3,012.58)(56.78)

(2,955.80)

175.40

17 5.40

.ri.oo45.10

,t30.30

(210.53)

(210.53)

(210.53)

(20.00)(167.99)

l22.s4l

32.'t22,925.93

(2,893.81)

(2,89s.81)

6.32

(2,900.13)

(326.83)

(326.83)

(326.83)

(167.99)(51.12)

1107.72],

{2.955.80) 130_30 122.s4\ t2.900.13t 1107.721

(5.51)15.6't )

0.25o.25

(0.04)

t0.04)

(5.51)15.5'tl

(0.20)10.201

1

2

3

4

5

6

7

Notes :

The above results were reviewed by the Audit Committee and thereafter were approved and taken on record by the Board of Directors in their

meeting held on 29th May,2017.The Company has identifled two reporting segments namely, 1. Tools and Precision Components 2. Casting and l,4achining as reporling

segments underAS-17.The llgures for the quarter ended 31st Nlarch, 2017 arc lhe balancing figures between audited figures in respect of full financial year ended3'1st l\larch, 2017 and the unaudited published year to date figures upto the third quarter ended 31st December, 2016 which was subjected tolimiled review.

Corresponding previous period/year figures have been regrouped/recast and reclassified wherever necessary 10 make them comparable.

Exceptional item relales to provision for doubtful debts.

The Company has given a corporate guarantee to banks for a loan laken by a Group Company.

The Company has reviewed the SARFAESI Act (Securitization and Reconskuction of Financial Assets and Enforcement of Securily lnterest

Act 2002) order senl to the Company consequent to the corporale guarantee given by it on behalf of Zenith Eirla (lndia) Limiied. The Company

is taking up legally the issue regarding inclusion of the Company's property towards the loan outstanding of Zenith Birla (lndia) Limited (the

borrower) and is of the view, based on the legal opinion oblained that the Company is not effected by any such notice.

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a

8 UlilisaIon of proceeds of public/right issue as on 3'lst N'larch, 2017 is as under:

Description TotalEstimated

Cost

Deployed up to31st l\4arch,

2017

Deployed up to31st March,

2016{ t Lakhs )

Aurairqabad Proiecl:-B!ilding-Plant, Machinery & Eleclrical-Miscellaneous Fixed Assets-Contingencies-Pre Ooeralive ExDenses

'120 00 120.0c 102 95

1365 5{ 1050.44 420.25329 36 12.97185 00 69.3480.0

Margin money for Working capital requirement forAuranaabad Proiect

50.0c

Sub-total 2129.46 1252.75 523.24

t Conversion of unsecured loan into equily raised by Companyfor setting up the Gandhidham Project from Nirved TradersPrivate Limiled. Promoter Comoanv

47014 470.14 470.14

To meet exnenses of issue 300.0c 276.42 276 42

Total 2900.00 1999.31 1269.76

The above mentioned slalus of utilization of funds raised by BMTL (formerly Dagger Frost Tools Limited) in its Rights cum Follow on lssue in

2007 has been revised / adjusled, due to the Scheme approved by the Honourable High Court of Bombay for amalgamation of Birla Machining

&Toolings Limited and Birla Accucast Limited {Transferor Companies) with Birla Precision Technologies Limited (Transferee Company).

As per approved scheme the pending project for of castings will be undertaken by the merged entity namely Bi4a Precision Technologies

Limited.

ln view ol delay in implementation oI the Aurangabad project, the amounts being utilised out of working capital and olher advances, is

considered being towards the designated project expenses and accounted for accordingly-

alfofthe Board of Directors

Date: 29th May,2017Chairman & Manaqinq Director

ouO. P. JainDirector

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--

--

",*LA PREclsloN TEcHNoLoGIES LlMlrED

ffi%9T*"ffiTXTRACTS OF THEAUDITFD FINANCIAL REsUL 5 TUK INE UUAFILX AItU IEA^ CI!U

Sr. No. 31103t2017 31/03/2016 31103t2017 31/03/2016

I TotalLicome from operations (net) 4 297 5l 3,91346 15503 17 150r0 46

2 Ner P;irL/ (Loss) f om od .ary aci v t es afrer ta< (2 955 80) 122 44' {2.90011 147 72

3 flel Prof t / (Loss) forlhe per od afleriax (after(2 955 AA) (2 900 '13) 147 72)

105304 1.05104 l05t 04 104304

5 Ceserves €rc uOingrew mlioi resetoes as showii n

r.e BdlJ c. Sheer of p e, o-s ,ear) 8,93.1 65 11 834 78 8934 65 r r8l4 78

6 E€mings Per Share {before extraordinary tems)(Face.a.r-ol'2 each)

(561 004 15 51 020

)il!ted (5 61 (0 04 (5 51 020

Eam ngs Per Share (aiier exiraord nary il€ms) {Face

'5.61 (0 04) 551 (0 20

Dil!ied (5 6T {0 04) 551 (0 20

lTheabovesanexlractoilh€d€tailedformalioroladery&Yea.yFnanciaResu|isfledwilhiheStockExchangelndeRegtaiion33ofthesEB(Lst|ngandotherDiscoslreReq!rements)Reg!aiions2ol5Thef!lormatoitheljnanciaresulsforlhequaderandyearended3lsll4alch20lTareavaabeo.lheStockEi.hangewebsLte(\ljwbse]ndacomand on Companys websie (ww b naprecision com)

2 The company has gLVen a Corporate Guafanlee lo banks fora loan lake' by a Group Companv

3ThecompanyhasrevewedtheSARFAESIAci(SecurijzatonandReconslruclonofFnanci.Asselsa.dEnforcemento

Secultyite.estAct2002)ordelsenitolhecompanyconseqlenltothecorporaiegUalanteegvenby tonbeha]fofz€.t|

Bra(lnda) Limiled Tlre Companv ls taking up ega v the issue rcgad ng inc usion oflhe ComPan),s p'operlv towards Iir{

oanoUlsta.djngofZenilhBir|a(nd]a)Lmited(iheborrowe.andisofihe!]ewbasedonlheegaopnonoblanedihatthl

Company s not efiecied by any such noice

4Theaudledfnancarcsutsloltheqlarterandyealended3lstN]a|ch'2olThavebeeniakenonreco|dbylheBoardc

onecbrsailsme€lingheldon2glh[/]ay'20lTThesialutoryald]iorshave€xpressedai!nqla]if]edaudLlopn!o.

Forand on behallofihe Board ofOirector

Date: 29th l\4ay,2017Chairman & Managinq Director

oYi.I'.

ffi"w

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BIRLA PRECLS ON TECHNOLOGIES LII!1ITEI)

SEGIVIENT WISE REVENUE, RESULTS AND CAPITAL EIIIPLOYED FOR THE OUARTER AND YEAR ENDEO

31ST IMARCH, 2017

(l

5r. No. 31.03.2017 11.12.2016 31.03,2016 31.03.2017 31.03.2016

a)Tools and P.ecsion components 3,007 04 2914 46 10.980.93 0 929 rlb)Casl nq and Mach nina 210 5l 1 024 84 999 00 4 081 35

4,29T.57 3.593.58 3.913.46 15.503.17 15 010.462 Seqment Fesults Prof i1(+)/(Loss)(-

belore tax and Interestllrom seqmentaJ Too s and Precis on Comoonents {8 60i 42444 823 797 66 51337b) Casiino and lMachin fq 36 63 139 85 (265 l1 (142 811 720 49

28.03 285.63 183,181 454.82 201 12

12314 11617 117 94 446 2A ,186 09

Add Un-a locable ncome 902 90 59 33 50 366.38ProflL/(Loss) beiore tax (86.65) 175.40 {210,53) 32.12 t326.83)

lSeqme.t assers less seqmeni liabi ities)a) Too s a.d Precis on Componenls 7 1294Q 10 t6l49 l0 027 J4 7,129 50 10427 34

bl Caslino and [4aclrinin0 2 865.65 2.416.44 2.864 61 2 865 05 2 864 61

{66 44 (4 13t (7 46) (4 13t

9,987 69 12,943.49 12,487.42 9 987 69 12.447.42

Correspond n9 pr€vlous

make lhem comparabre.

per od/year f9u€s have been regrcuped/recasl and €c assifed wherever necessary to

-\ the Board of Directors

Date: 29th [Iay, 2017Chairm.n E [Ianagi.g Director

=-@

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[i rla prec sio n Te ch n olo g ies L i m itedSGflent ot lisets ano Liabilities as at 31st lllarch 2!12

Sr.No, 31.03.2017 31.03.2016

Audited

2

3

2

1

l

EOUTTY AND LIABTLITIES ,Shareholders'funds I

a) Shde cap ral I

b oese ve5 a1o sJ oh , I

Sub"total - Shareholders fundsNon-current liabilities

(a) Longlerm borrowlngs(b) Defeffed tax I abilllies (nel)(c) Long-lem provislons

Sub-total - Non-current liabilitiesCurrent liabilities

(a) Short{em bofrcwings(b) T.ade payables(c) Other curreni liabiiiles(d) Short-term provisLons

Sub{otal' Current liabilitiesTOTAL - EOUITYAND LIABILITIES

ASSETSNon-current assets

(b) Long-1erm Loans and advancesSub'total - Non'current assets

Current assets(a)lnvenlorles(b)Trade receivables(c) Cash and cash eqLriva enls(d) Shoi(-term loans and advances(e) Other current assels

I Sub-total - Current assetsI TOTAL - ASSETS

(< in Lalhs)

1053.048934.659987.69

245.59

231.42477.01

2623.502936.321303.56

531 557394.93

1053.0411834 7812887.82

531.1 1

200.38731.49

2778.442242 541006 04

529.446516.06

'17859.63 20135.37

3936 82580.97

4517.79

3339.824101 98

3444.28T793.57

1334f.84

3929 57755.79

4685.36

2939 696839.80

520.963411.471738.49

15450.0117859.53 20135.37

Dale: 29th l/lay 2017

NotelCorresponding prevlous year figures have been regfouped/fecasi and reclasslfied wherever necessary lo

make them comparable

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