The United Nilgiri Tea Estates Company Limited Regd. Office : P.B. No. 3708, No. 3, Savithri Shanmugam Road, Race Course, aimbatore - &I1018 Phone : 0422-2220566,2220125 Fax : 0422-2222865 Email : [email protected]PAN : M 1 2 0 6 H GSTIN-Tamilnadu : 33MCT1206HlM GSTIN-Kenla : 32AABCTl206HlZZ CIN : L01132l21922PU=000234 : www.unitednilgiritea.com The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra East Mumbai - 400 051 Dear Sir, Sub: Outcome of Board Meeting held on loth June, 2021 and Disclosure under Regulation 30 and 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant t o Regulation 30 and 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. loth June, 2021 inter alia considered the following m,atters: c) Approved the Audited Financial Results of the Company for the quarter and year ended 3lSt March, 2021 together with the Auditors Report thereon. d) Recommended a final dividend of Rs.1.70 per share (17%) of Rs.101- each for the financial year 2020-21 subject to the approval of the members in the ensuing Annual General Meeting. A copy of the Audited Financial Results for the quarter and year ended 31St March, 2021 along with the Auditors' Report thereon and declaration towards Auditors' Report with unmodified opinion in respect of Audited Financial Results for the financial year 2020-21 pursuant to SEBl (Listing Obligations and Disclosure Requirements) Amendment Regulations, 2016 read with Circular No. CIR/CF/CMD/56/2016 dated May 27,2016 is enclosed herewith.
Transcript
The United Nilgiri Tea Estates Company Limited Regd. Office : P.B. No. 3708, No. 3, Savithri Shanmugam Road, Race Course, aimbatore - &I1018
Phone : 0422-2220566,2220125 Fax : 0422-2222865 Email : [email protected] PAN : M 1 2 0 6 H GSTIN-Tamilnadu : 33MCT1206HlM GSTIN-Kenla : 32AABCTl206HlZZ
The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra East Mumbai - 400 051
Dear Sir,
Sub: Outcome of Board Meeting held on loth June, 2021 and Disclosure under Regulation 30
and 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 and 33 of the SEBl (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its
meeting held today i.e. loth June, 2021 inter alia considered the following m,atters:
c) Approved the Audited Financial Results of the Company for the quarter and year ended 3lSt March, 2021 together with the Auditors Report thereon.
d) Recommended a final dividend of Rs.1.70 per share (17%) of Rs.101- each for the financial year 2020-21 subject to the approval of the members in the ensuing Annual
General Meeting.
A copy of the Audited Financial Results for the quarter and year ended 31St March, 2021 along
with the Auditors' Report thereon and declaration towards Auditors' Report with unmodified
opinion in respect of Audited Financial Results for the financial year 2020-21 pursuant to SEBl
(Listing Obligations and Disclosure Requirements) Amendment Regulations, 2016 read with
Circular No. CIR/CF/CMD/56/2016 dated May 27,2016 is enclosed herewith.
I The United Nilgiri Tea Estates Company Limited Regd. Office : P.B. No. 3708, No. 3, Savithri Shanmugam Road, Race Course, Coimbatore - 641 018
(9 Other non-current assets Total non-current assets
Current assets (a) Inventories (b) Fmancial assets
As at 31.63.2021
2.742.06 128.80
1.46 1,647.45
8.777.13
58.13
13,350.03
1,041.61
(I) 'Investment
(11) Trade receivables (B) Cash and cash equivalents (iv) Dank balances omer than (lli) above (v) Olhb Rnancial assets
(c) Current tax assets (d) Other current assets
Total Current assets
rota! &sets
EQUlTY AND LIABILITIES Equity
(a) Equity share capital (b) OUler equity
Total Equity
Liabilities
Non-current liabilities (a) financial liabrlities
(b) Provisions
(c) Deferred tax l~abililies (net) (d) Other non-current liabilities
Total noncurrent liabilities
Current liabilities (a) Financial liabilities
(I) Trade payables
(11) Other financial liakllties (b) Provtsions (c) Olher current IiaMlltles
Total current liabilities
Total liabilities
Total equity and liabilities
109.55
4.45
342.65
712.76
1,158.98
17,713.71
92.25
4.39 372.09
680.28
909.53
16,359.13
THE UNITED NlLGlRl TEA ESTATES COMPANY LIMITEb
Segment-wise Revenue, Results, Assets and Liabilities f ~ r the year ended 3Tst March 2021 R s L a h s
b. Property 133.24 106.38 85.69 405.44 Total 1,281.50 2,053.59 1,623.88 6,632.10 6,282.20 Less: Inter segment revenue
Net Sales I Income from oporations 1,281 .SO 2,053.59 1,623.88 6,632.10 6,282.20
N'OTES : 1 .The above audlted financial results reviewed by the Audit Committee were approved by the Board of Directors at its
meeting held on 10th June 2021. 2. The Company is primarily engaged in growing and manufacture of Tea and has also let-out Commercial property. 3. As the tea plantation industry is seasonal in nature and dependent on rainfall, the financials of the current quartertyear are not
readily cornparahle with corresponding previouslpreceding quarterslyear. 4. The Board of Directors has recommended a final dividend of Rs.1.70 per share (17%) which together with an interim
dividendof Re.11- per share (10%) already paid, aggregates to Rs.2.70 per share (27%) for the year ended 31st March 2021. The proposed dividend when approved by the shareholders will be met out of surplus in the retained earnings.
5. The figures of last quarter@) are the balancing figures between audited figures in respect of the full financial year(s) and published figures upto the quarter ended 31st December of the current and previous period.
6, The useful llfe of vehicles has been changed from 8 years to 5 years considering the usage and past history of replacement. As a result of this change the depreciation charge for the quarter and the year ended 31st March 2021 has increased and the profit before tax for the quarter and the year ended 31st March 2021 has decreased by Rs.26.65 lakhs.
7. The-Company's main business of tea plantation has not been impacted by covid 19 disruptions. However, the income from let out property dur~ng the quarter and year ended J ls t March 2021 was affected due to covid 19 distruptions to the tune of Rs.2.64 lakhs and Rs.61.69 lakhs respectively.
8. Previous period(s)/year's fgures have been re-grouped I reclassified wherever necessary.
Place : Chennai. Date : 10.06.2021
The Unikd Nilg$ Tea E s t h s Company Umited
fl..r(& Ma I a Srinivasan L--,
THE UNITED NlLGlRl TEA ESTATES COMPANY LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31bT MARCH, 2021
I Particulars
Cash flow from operating acthrlties Proflt before tax Amtments for: Depreciation and amortisation expense (Gain) on disposal of properly. plant arid equipment Interest on financial l'ibil~ty Defferred I~cense fees Fair valued Equity investment through FVI'PL (mutual funds) Interest income Dividend lncome
Rs. in lakhs Forthe Year I For thcYear 1
ended
I Profit on switch out /redemption of financial assets (mutual funds) (1 55.1 1) (21.57) Net unrealised exchange (gain)/loss 1 0.64 1 (22.38) 1 I Operating profit before changes in operating asset /liabilities I 1.099.47 1 1319.811
A@ustmnts for inereass I (decrease) in liabllih'es: Other financial libllties Trade paybles Other non current liabilities O W current liabilities Norl current Provision Current Provision
Adjustments for (Increase) I decrease in assets: Trade receivables Inventories Other non current assets Other current assets O W financial assels Cash generated from operations Income tax paid Net cash flow from operating actlvities (A)
Cash flow from investlnq activities : Paymenls for purchase of pmperty, plant and equipment Proceeds from sale of p r o m , plant and cquipmerlt (including capital subsidy-Nil: previous year Rs.O.55 lakhs) Capital Advane
I Payment for purchage of non-current investments Payment for purchase of current investments Proceeds from sale of non current investments Proceeds from sale of current inveslments Bank balances not considered as cash and cash eauivalenls
I Deposit with HDFC L~mited (other non current financial assets) Proceeds received onmaturity of Deposit wilh t1DFC Limited Profil on switch out /redemption of financial assets (mutual funds) Interest received Dividend received Net cash flow used in Investing actlvities (B)
Cash flow from financing activities : Dividend paid 'Tax on dividend Net cash flow used in financing activities (C)
THE UNITED NlLGlRl TEA ESTATES COMPANY LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021
Rs. In lakhs
I Net Increase/(deuease) in Cash and cash equivalents (A+B+C) I (167.96) I 273.48 I Particulars
r
Iclsh and cash equivalents at the beginning of the year(Note 6c) 81.141
1 Cash and cash equivalents at Me end of the period -----------
For tho Year ended
31st March 2021
For tho Year ended
31st March 2020
I In current accounts Total Cash and cash equivalenls
L Eommnents of cash and cash eauivalents at the end of the period com~rlse Cash on hand Balances with banks
L I I I Note : The above cash flow statement has been preparecl under the "Indirect Melhodu as set out in the Indian Accounting Standard (IND AS-?) -Cash Flow Statornetit.
For The United Nitgiri Tea Estates qmpany limited
0.70
Place : Chennai
Dale : 10.063021
0.79
1. The Board of Directors has recommended a final dividend of Rs.1.70 per share (17%) which together with an inteni dividend of Re.11- per share (10%) already paid, aggregates lo Rs.2.70 per share(27%) for the year ended 31st March 2021. The proposed dividend when approved by the shareholders will be me1 out of surplus in the retained earnings.
THE UNITED NlLGlRl TEA ESTATES COMPANY LIMITED (A member of the Amalgamations Group)
Phone : 0422- 2220566 Fax : 0422 - 2222865 Summary of Audited Financial Results for the year ended 31st March 2021
Rs. in Lakhs except earnings per share
2. The above is an exiract of the detailed format of QuarterlylAnnual Financial Results filed with Nalional Stock Exchange of India Limited.Mumbai under Regulation 33 of the $El31 (Listing Obligations and Disclosure Requirements) Regulations.2015. The full format of the QuarterlylAnnual Financial Results together with financial notes, Balance Sheet, Cash Row statement, segmentwise revenue, segmentwise results and segmentwise capital employed are available on the Stock Exchange website www.nseindia.com and on the Company's website www.unitednilgiritea.com.
PARTICULARS
Total Income from Operations (Net) Net profit before exceptional items and tax Net Profit for the periodlyear after tax Total Comprehensive income for the periodlyear{(comprising profit for the periodlyear(afier tax) and other Compreh'ensive income Equity Share Capital Earnings per Share (before extraordinary items) (of Rs. 101- each)
Basic and Diluted :- not annualised for the quarters Earnings per Share (after extraordinary items) (of Rs.101- each)
Basic and Diluted :- not annualised for the quarters
For The United Nilgiri Tea Estates Cppany Limited
Quarter ended
31.03.2020 Unaudited
1,623.88 60.96 15.21
(33.92) 499.66
0.30
0-30
Place : Chennai. Date : 10.06.2021
Year ended
31.03.2020 Audited 6,282.20 1,387.82 1,071.19
1,675.62 499.66
21.44
21.44
Quarter ended
31.03.2021 Unaudited
1,281.50 (50.88) (26.79)
77.33 499.66
(0.54
(0.54)
I ~aJliI&rinivasan Chairman
Year ended
31.03.201 Audited 6,632.10 1,513.47 1,224.61
1,262.68 499.66
24.51
24.51
ua, the
The United Nilgiri Tea Estates Company Limited Regd. Office : P.B. No. 3708, No. 3, Savithri Shanmugam Road, Race Course, Co~mbatore - 641 018
