L 48,781.49 ,_ 48,612.44 49,580.76 48,781.49 49,580.76__J 48,398.23
Total 1,07,478.66 1,241,502.29 92,203.90 1,07,478.66 92,203.90 1,00,870.31
(? in Lakhs)Statement of Assets and Liabilities
Standalone As at
30.09.2018 31.03.2018
Particulars (Unaudited) (Audited)
Assets
Non-Current assets
Property, Plant and Equipment9,394.36 9,773.64
Capital work-in-proqress43,705.84 35,641.12
Investment property12,839.48 13,081.30
Intangible Assets under Development58.50 58.50
Financial Assets
Investments48,805.93 42,648.91
Loans / Sundry Deposits388.23 381.29
Non Current Tax Assets ( Net)883.49 859.67
Other Non Current Assets 3,748.71 4,067.97
Total Non-Current AssetsSub total: 1,19,824.54 1,06,512.40
Current assets
Inventories1,047.55 1,241.23
Financial assets
Investments1,383.14 7,226.61
Trade receivables 1,479.16 1,344.85
Cash and cash equivalents510.62 530.72
Other balances with Banks167.31 150.96
Other financial assets128.38 122.12
Other current assets1,404.13 743.82
Total Current AssetsSub total: 6,120.29 11,360.31
Total Assets 1 25 944.83 1,17,872.72
Equity and Liabilities
Equity
Equity share capital 1,409.20 1,409.20
Other Equity1,063,069.46 99,461.11
Total EquitySub total: 1,00,870.31
Non-current liabilities
Financial Liabilities
Other financial liabilities 5,860.46 1,199.10
Provisions343.50 352.59
Deferred tax liabilities 1,693.88 2,320.70
1,109.97 339.47Other non-current liabilities
Total Non-current Liabilities
Current liabilities
Financial Liabilities
Trade Payables:-
Due to Micro and Small Enterprise
Due to Others
4,211.86Sub total: 9,007.81
2,745.32 1,821.84
Other financial liabilities 1,778.05 6,623.65
Other current liabilities 4,547.64 3,879.15
26.98 26.98Provisions
Current Tax Liabilities ( Net)
Total Current Liabilities
360.37 438.93
9,458.36 12,790.55
—1 25 944.83
Sub total:
1,17 872.72Total Equity and Liabilities
Notes :-
1 The above results have been prepared in accordance with Indian Accounting Standards (“Ind AS“) notified under Section 133 of the Companies Act 2013, read together with the Companies
(Indian Accounting Standards) Rules, 2015.
2 Post applicability of Goods and Service Tax (GST) with effect from 01 July 2017, revenue from operations is disclosed net of GST. Accordingly, the revenue from operations for the periods
after 30 June 2017 are not comparable with the previous periods presented in the results which are inclusive of Excise Duty. The following table is being provided to facilitate such
understanding
(? in Lakhs)
lQuarter Ended | Half Year Ended I Year Ended l
Particulars 30.09.2018 30.06.2018 l 30.09.2017 30.09.2018 30.09.2017 31.03.2018
Revenue from Industrial Capital Goods Division 1,026.18 653.85 704.76 1,680.03 1,329.60 2,562.62
Excise Duty on Sale-
--
- 75.51 75.51
Total 1,026.18 I 653.85 704.76 1,680.03 1,405.11 £38.13
3 These results have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 13 November 2018. The
Statutory Auditors have carried out a Limited Review of the result.
4 The figures of previous periods have been regrouped wherever necessary.
For Nesco Limited
@Krishna S. Patel
Managing Director
Mumbai, 13 November 2018DIN : 01519572
Manubhai & Shah LLP
Chartered Accountants
INDEPENDENT AUDITORS' REVIEW REPORT
To
The Board of Directors of NESCO LIMITED
We have reviewed the accompanying statement of unaudited standalone financial results of
Nesco Limited (“the Company") for the quarter and half year ended 30th September, 2018
("the statement"), being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 read with SEBI circular CIR/CFD/FAC/62/2016 dated 5th July, 2016. This statement, which
is the responsibility of the Company's Management and approved by the Board of Directors,
has been prepared on the basis of the related interim financial information in accordance with
the recognition and measurement principles laid down in 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 (Ind AS) and other accounting principles
generally accepted in India. Our responsibility is to issue a report on the statement based on
our review.
We have conducted our review of the statement in accordance with the 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 to obtain moderate assurance as
to whether the statement is free of material misstatements. 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 performed an audit and accordingly, we
do not express an audit opinion.
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 the applicable Indian Accounting Standards (Ind AS) as prescribed under
section 133 of Companies Act, 2013 read with rules issued thereunder and other recognized
accounting practices and policies 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 read with SEBI circular CIR/CFD/FAC/62/2016
dated 5th July, 2016, including the manner in which it is to be disclosed, or that it contains any
