[email protected]October 24, 2019 Sub: Outcome of Board Meeting - October 24, 2019 Re: Unaudited Financial Results for quarter and half year ended September 30, 2019 Dear Sir, Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today at 2:30 pm and concluded at 4:45 pm, inter-alia, approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2019. We enclose copies of the following: (a) Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2019; and (b) Limited Review Reports for Unaudited Financial Results (Standalone and Consolidated) for the said period. We request you to take the same on record. Thanking you, Yours faithfully, For Jubilant Industries Limited Abhishek Mishra Company Secretary Encl.: as above BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400001 Scrip Code: 533320 National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Bandra (E), Mumbai-400051 Scrip Code: JUBLINDS
Re: Unaudited Financial Results for quarter and half year ended September 30, 2019
Dear Sir,
Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its
meeting held today at 2:30 pm and concluded at 4:45 pm, inter-alia, approved the Unaudited
Financial Results (Standalone and Consolidated) of the Company for the quarter and half year
ended September 30, 2019.
We enclose copies of the following:
(a) Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year
ended September 30, 2019; and
(b) Limited Review Reports for Unaudited Financial Results (Standalone and Consolidated)
for the said period.
We request you to take the same on record.
Thanking you,
Yours faithfully,
For Jubilant Industries Limited
Abhishek Mishra
Company Secretary
Encl.: as above
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai-400001
Scrip Code: 533320
National Stock Exchange of India Limited
Exchange Plaza
Bandra Kurla Complex
Bandra (E), Mumbai-400051
Scrip Code: JUBLINDS
Review report on Unaudited Consolidated Financial Results of Jubilant Industries Limited pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of Jubilant Industries Limited
I . We have reviewed the accompanying statement of unaudited Consolidated financial results ("the Statement") of Jubilant Industries Limited ("the Holding Company") and its subsidiaries (the Holding company and its Subsidiaries together refe1Ted to as "the Group") for the quaiier and six month ended September 30, 2019, being submitted by the Holding Company pursuant to the requirements of regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the cash flow figures for the corresponding six month period ended September 30, 2018 have been approved by the Company' s Board of Directors, but have not been subjected to audit or review.
2. This Statement which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 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 and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a repo1i on the Statement based on our review.
3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review oflnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. 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 procedures applied to financial data and thus provide less assurance than an audit conducted in accordance with Standards on Auditing and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also perform procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing regulation, to the extent applicable.
4. The statement includes the results of the following entities:
a. Jubilant Agri and Consumer Products Limited (Wholly Owned Subsidiary)
b. Jubilant Industries Inc. USA (Wholly Owned Subsidiary) .
Raj Tower-I, G-1, Alaknanda Community Center, New Delhi-110 019, India Ph.: 911126025140 e-ma.il: [email protected]
Delhi Gurgaon Naida Oehradw1
5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited Consolidated 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 term 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.
Income a) Revenue from operations 13,801 15,184 14,733 28,985 27,487 b) Other operating income 70 71 53 141 123 Total revenue from operations 13,871 15,255 14,786 29,126 27,610 Other income 14 18 7 32 40 Total income (1+2) 13,885 15,273 14,793 29,158 27,650 Expenses a) Cost of materials consumed 7,551 7,911 8,170 15,462 15,095 b) Purchases of stock-in-trade 100 138 75 238 311 c) Change in inventories of finished goods, work-in-progress and stock-in-trade (261) 468 37 207 (·31) d) Employee benefits expense 1,856 1,768 1,747 3,624 3,573 e) Finance costs 551 551 681 1,102 1,353 I) Depreciation and amortisation expense 278 282 233 560 457 g) Other expenses:
- Stores, spares and packing material consumed 734 743 761 1,477 1,471 - Other experues 2,513 2,457 2,904 4,970 5,335
Total Expenses 13,322 14,318 14,608 27,640 27,564 Profit/(loss} before exceptional items and tax (3-4) 563 955 185 1,518 86 Exceptional items - - -Profit/(Loss) before tax (5 - 6) S63 955 185 1,518 86 Tax expense:
Net Profii:/(Loss) for the period (7 • 8) 563 955 J.85 1,518 86 Other Comprehensive Income (OCI) ii a) items that will not be reclassified to profit or loss 11 9 (3) 20 (6)
b) income tax relating to items that will not be reclassified to profit or loss (4) (3) 1 (7) 2 11) a) items that will be reclassified to profit or loss 9 (1) 58 8 79
b) Income tax relating to items that will be reclassified to profit or loss . - - -Total Comprehensive Income for the period (9 - 10) 579 960 241 1,539 161 Net Profit/(loss) attributable to:
Owner of the Company 563 955 -185 1,518 86
Non-controlling interest . . . . Other Comprehensive Income attributable to:
Owner of the Company 16 s S6 21 75 Non-cont~Olllru! Interest . . . .
Total Comprehensive Income attributable to: Owner of the Company 579 960 241 1,539 161 Non-controlllm, interest . . . -
Paid-up share capital (Face value per share,: 10 each) 1,373 1,373 1,193 1,373 1,193 Reserves excluding revaluation reserves 6,590 2,753 Earnings per share of,: 10 each (a) Basic ( ") 4.11 6.95 1.5S 11.06 0.72 (b) Diluted [ ") 4.11 6.9S 1.5S 11.06 0.72
(,: in Lakhs) Year ~oded March 31
2019 (Audited)
55,614 275
55,889 68
55,957
30,895 533 865
7,014 2,533
907
2,864 10,139 55,750
207
-207
11
498 (302)
19 (7)
21 .
(269)
(302) .
33 .
(269) .
1,373 5,039
(2-43) (2-43)
Jubilant Industries Limited
Consolidated Unaudited Segment wise Revenue, Results, Assets & liabilities for the Quarter and Half Year Ended 30th September, 2019 (Under Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015)
cash flowfrom operating act.lvllles: Net profit/(loss) before tax 1,518 86 207 Operating cash flow before working capltal changes 3,235 2,028 3,618
A. Net cash generated from operating activities 3,341 3,135 6,415 8. Net cash generated/(used) In Investing activities (890) (352} (5.50) C. Net cas.h lnflow/(outflow) in course of financing activities (2,545) {3;137} (6,133) D. Effect of exchange rate changes 8 79 20
Net lncrease/(decrease) In cash and cash equlva.lents (A+B+C+D) {86) (275) (~) Add: Cash and cash equlvale11ts at the beginning of the period/year 339 687 687 cash and ca~h equivalents at the close of the period/vear 253 412 339
rlole1l
I . The Standaione flnanc:l11 Results are iualbble under fnveston 1ectlon of our we-biite at www,lublfwtlndµs.tr1eu:om and unde.r F1n:tnd~ Re-.sults .at Cort)oratcs section of www.psftindl3.com .. nd www.bJeindta.com. KtY SUndalone fln411ndal lnfonn1tlon of the Company Is as under.
I ~ In la kh,1 Ouztt.1lftdN ll• lfVeor [ndtd VC31El1<led
(Un,udlledl !Unoudl!NI (Uiuoclludl (Unaudlt<dl (U...udlted) !Audited) l~JJ JIH•~~t: ham u~r::J,uam 23 12 57 35 104 18~ Net Prclitlll.0<>1 fo, the oertod ,ruirta 1651 174) 158 (U!ll lllll l (273.)
Tot>I Compn,henstve Income lor !~e period (C.Omprtrlng Prorit/ [Loul tonho period (after t.n) •nd 0111c, <:ompn,hensiv1' tno:,m,c tan er tax)) (65) !7~l (58l (139) (102) (2.72.J
l. Ju per fnd-AS 108, Operaling Seamenu have been dellned and presented based on 1he reaul1r n,viow by the Compony's Olief Operating o.ctslon Maker to assess the perfomiance of each ,..,.,,..,t and ta
make docnlon about the alloeatlon ol lhe resources. The w:ounting principles foUo- In the prep•~tlon of lite flnantlals n:sutts are consistently applied to re<ord revenue and expenditu~ In 1ndividu~ .... mfflts.
3. The Nomination, Remu,,_tion and Compenullon Committee of ttie Board on 28th August, 2019 has 1ra•t•d 60,000 option, to ellclblo •rnployo•• of th• Co"'Pat>V and It> ,ub,;ldlari .. -., pe, ill £molo,,oc Stock Opllon Sc:l!tme, 2013. Each optlon •boll entitle the holdorto ><quire one equity,,..,.. of ? 10.00 lullv paid up at~ 104.00 belna the market price •• per SE81 (SN~ Based Employee Oe....,!11,I Aeculotlons, 2014. .. Efl'e<tl\NI ,t.pnl l, 2019, the Group adopted Ind AS us "LeasU","' notified by th< Mlnbtry 9f Ccrporate AffllrJ (MCA) In the Companies (lt>dlan AC<:ountq Standard) Amendmtnt Rules, 2019, u<11111 ne modified retrospectJW mothod ur>der il\>en In par., CS (b)lll) and applied 10,, ,.,.., to l l<o>e umtra<ts .. ts!Jnt on Aprtt l. 2019. Ac:cordlnc)y, c:omPffiltl••• ror the pn,•lous periods have not bo n ~tn>Spedlvcly adjusted. The adoption of thh standard dkf net haw any materbl Impact on the pro fl ti of the c:utftnt qtJiitrtt:r.
s. Previous periods/year figures-have, been recrouped, re--amnced ahd ,--d.au lfiltd wherever necc:UJi,y to conform to current periOd', dusfflc.atlon.
6 The above unaudlt•d consolidated fin•nclal mulu won,, subjected to limlted n,vlew by the Statuto,y Auditou of the Company, revlowed by the Audit Commltt<e an1hpproved erttl taken on rc<ords by •~c Boatd of Olr,,clors a\ Its meeting held on 24th October, 2019. The n,view report of the Statutory Auditors I• beln1 filed with the Bombay Stotk Exchange and Natlonal Stock Ex<hanae,
ro, lobllanl lndUSIJ'IOS llmltN!
lllllu: : NOIDA If Ptlyos"'t Bhortla DJled: 24th D<tobor. 2019 Cll~ifma n
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Review report on Unaudited Standalone Financial Results of Jubilant Industries Limited pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of Jubilant Industries Limited ·
I . We have reviewed the accompanying statement of unaudited Standalone financial results ("the Statement") of Jubilant Industries Limited ("the Company") for the quaiter and six month ended September 30, 2019, being submitted by the Company pursuant to the requirements of regulation 33 of the SEBT (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the cash flow figures for the corresponding six month period ended September 30, 2018 have been approved by the Company's Board of Directors, but have not been subjected to audit or review.
2. This Statement which is the responsibility of the Company's managem;nt and approved by the Board of Directors, has been prepared in accordance with the recognition and ·measurement principles laid down in Indian Accounting Standard 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 and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a repott on the Statement based on our review.
3. We conducted our review in accordance with the Standard on Review 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 procedures applied to financial data and thus provide less assurance than an audit conducted in accordance with Standards on Auditing and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also perform procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing regulation, to the extent applicable.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited Standalone 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 term of Regulation 33 of the SEBI (Listing
Raj Tower-I, G-1, Alaknanda Community Center, New Oelhi-110 019, India Ph.: 9111 2602 5140 e-mail: [email protected]
Delhi Gurgaon Naida Dehradw1
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.
Net Proflt/{Loss) for the Period 17 - 8) (65) (74) [58) (139} (101)
Other Comprehensive Income (OCI) i) a) items that will not be reclassified to profit or loss - - - (1)
b) Income tax relating to items that will not be reclassified to profit or loss - - - -ii) a) items that will be reclassified to profit or loss - - - .
b) Income tax relating to items that will be reclassified to profit or loss - - -Total Comprehensive Income for the period (9 - 10) (65) (741 (5~) (139) (102)
Paid-up share capital (Face value per share'!: 10 each) 1,373 1,373 1,193 1,373 1,193
Cash flow from operating actlvltles: Net profir/(loss) before tax (139) (101) (273) Operating cash flow before working capltal chang~ (132) (97) (260)
A. Net ca5h generated from operating activities (35) 23 (1,024)
e. Net cash generated/(used) in investing activities 1 2 (1,889}
C Net cash lnflow/(outflow) In CQurse of financing activities 2,952
Net lncrease/(decrease) In cash and cash equivalents (A+B+C) {34) 25 39 Add; cash and cash equivalents at the beginning of the period/year 5S 16 16 cash and cash eQuivalents at the, close oftlte Derlod/vear 21 41 ss
.,
Notes:
1. As the company has a single reportable segment, the segment wise disclosure requirement of Ind As lOS on Operating segment is not applicable to It.
2. The Nomination, Remuneration and Compensation Committee of the Board on 28th August, 2019 has granted 60,000 options to ellgfbJe employees of th
Company and Its subsidiaries as per JIL Employee Stock Option Scheme, 2013. Each option shaU entitle the holder to acquire one equity share i;,f f 10.00 fully paid up at f 104.00 belhg the market price as per SEBI (Share Based Employee Benefits) Regulations, 2014.
3. Previous periods/year fig11res have been regrouped, re-arranged and re-classified wherever necessary to conform to current period's classification.
4 The above unaudited standalone financial results were, subjected to limited review by 1he Statutocy Auditors of the Company, reviewed by the Audit Comm It letand approved and taken on records by the Board of Directors at Its meeting held on 24th October, 2019. The review report of the Statulof)I Auditors 15 being filed with the Bombay Stock Exch,inge and National Stock Exchange.
