3 rd November, 2020 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051. Dear Sir/ Madam, Sub: Unaudited Financial Results for the quarter and half year ended 30 th September, 2020 In terms of provisions of Regulation 30 and 33 (read with Part A of Schedule III) and other applicable provisions of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, we enclose the following for the quarter and half year ended 30 th September, 2020, which were approved and taken on record at the Meeting of the Board of Directors of the Company held on 3 rd November, 2020: 1. Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30 th September, 2020. 2. Limited Review Reports for the quarter and half-year ended 30 th September, 2020. The meeting commenced at 10:30 and concluded at 13:40. . We request you to take the same on your record. Thanking you, Yours faithfully, For Deepak Fertilisers And Petrochemicals Corporation Limited K. Subharaman Executive Vice President (Legal) & Company Secretary Encl: as above.
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EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2020 Sr. Particulars Consolidated No. Quarter Ended Six Months Ended Quarter Ended
30 September 2020 30 September 2020 30 September 2019
(Unaudited) (Unaudited) (Unaudited) 1 Total income from operations (net) 1,40,419 2,78,627 1,15,074
2 Net Profit / (Loss) for the period (before tax Exceptional and/or 11,205 27,929 2,983 Extraordinary items #)
3 Net Profit / (Loss) for the period before tax ( after Exceptional and/or 11,205 27,929 2,983 Extraordinary items#)
4 Net Profit / (Loss) for the period after tax (after Exceptional and/or 8,055 20,169 2,550 Extraordinary items #)
5 Total Comprehensive Income for the period [Comprising ProfiV(Loss) for 7,805 20,123 2,081 the period (after tax) and Other Comprehensive Income (after tax)]
6 Equity Share Capital (Face value of Rs 10/- per share) 8,928 8,928 8,820
7 Reserves (excluding Revaluation Reserve) as shown in the Audited 2,09,150 Balance Sheet of the previous year
Kev numbers of Standalone Financial Results (Amounts in Rs Lakhs unless otherwise stated) Quarter Ended Six Months Ended Quarter Ended
Sr. No. Particulars 30 September 2020 30 September 2020 30 September 2019
1 2 3
Notes:
(Unaudited) (Unaudited) (Unaudited) Total Income from Ooerations (Net) 45,570 94,482 38,455 Net Profit / (loss) before Taxes 4,816 16,715 1,198 Net Profit / (loss) after Taxes 3,700 12,608 715
1 The above is an extract of the detailed format of the quarter and six months ended 30th September, 2020 financial results filed with the stock exchanges under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the financial results are available on the stock exchange websites (www.bseindia.com and www.nseindia.com) and on the Company's website (www.dfpcl.com).
2 Previous period's figures have been reclassified / regrouped wherever necessary
3 # Exceptional and/or Extraordinary item adjusted in the statement of the Profit and Loss in accordance with Ind-AS rule.
4 The above Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 3rd November, 2020.
For and on behalf of the Board of Directors of Deepak Fertilisers �e:u;•L;mi<M
Place :Pune Date: 03-11-2020
SC MEHTA
Chairman and Managing Director DIN: 00128204
Founded in 1979, Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) is India's leading producer of Fertilisers and Industrial Chemicals
e DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED CIN: L24121MH1979PLC021360
Registered & Corporate Office: Sai Hira, Survey No 93, Mundhwa, Pune-411 036,
PART! (Amounts in Rs lakhs unless otherwise stated) STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2020
Sr. Particulars Quarter Ended Six Months Ended Year Ended No. 30 September 2020 30 June 2020 30 September 2019 30 September 2020 30 Seotember 2019 31 March 2020
5 Net profit after tax (3-4 l 3,700 8,908 715 12,608 53 3,071 6 Other comprehensive income
Items that will not be reclassified to profit or loss Remeasurement of defined benefit obligations (340) (137) 41 (477) (120) (586) Income tax relating to this item 86 34 (14\ 120 42 147 Total other comprehensive income/(loss), net of tax (254) (103) 27 (357) (78) (439)
7 Total comprehensive income/(loss) (5+6) 3,446 8,805 742 12,251 (25) 2,632 8 Paid-up equity share capital (Face value of Rs.10/- each) 8,928 8,928 8,820 8,928 8,820 8,928 9 Earnings Per Share (EPS) (not annualised for quarter ended)
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2020 Sr. Particulars Quarter Ended Six Months Ended Year Ended
No. 30 Seotember 2020 30 June 2020 30 September 2019 30 Seotember 2020 30 Seotember 2019 31 March 2020 (Refer Notes Below) (Unaudited) (Unaudited) (Unaudited\ fUnauditedl I Unaudited} IAuditedl
1 Income
(a} Revenue from operations 1,40,419 1,38,208 1,15,074 2,78,627 2,27,294 4,68,538 lbl Other income (Refer note 5l 1 428 359 3 073 1 787 3 998 9 545 Total income 1,41,847 1,38,567 1,18,147 2,80,414 2,31,292 4,78,083
7 Net profit after tax (5-6) 8,055 12,114 2,550 20,169 3,620 8,901
8 Other comprehensive income (OCI} Items that will not be reclassified to profit or loss
Remeasurement of defined employee benefit plans (403) (277) 33 (680) (136) (1,121) Income tax relating to this item 118 83 (11) 201 48 334 Items that will be reclassified to profit or loss
Exchange difference on translation of financial statements of the foreign 35 398 (491) 433 (533) (191) ooerations Total other comnrehensive income/llossl net of tax (2501 204 14691 1461 1621\ 19781
9 Total comnrehensive income 17+8) 7,805 12,318 2,081 20,123 2,999 7,923 10 Net profit attributable to:
- Owners of the Company 7,933 12,014 2,494 19,947 3,484 8,726 - Non controllinn interest 122 100 56 222 136 175
11 Other comprehensive income/(loss}, net of tax attributable to: - Owners of the Company (263) 65 (312) (198) (451) (911) - Non controllinn interest 13 139 11571 152 1170\ (671 12 Total comprehensive income attributable to: - Owners of the Company 7,670 12,079 2,182 19,749 3,033 7,815 - Non controllinn interest 135 239 11011 374 1341 108
13 Paid-un enuitv share can ital /Face value of Rs.101- each) 8,928 8 928 8 820 8,928 8,820 8,928 14 Earnings per share (EPS} (not annualised for quarter ended)
(face value of Rs.10 each} (a} Basic (In Rs.} 8.89 13.46 2.83 22.35 3.95 9.83
Sr. STATEMENT OF ASSETS AND LIABILITIES (Amounts in Rs Lakhs unless otherwise stated) No. Particulars Standalone
30 Seotember 2020 31 March 2020 (Unaudited) (Audited)
A ASSETS 1 Non-current assets
(a) Property, plant and equipment 93,802 97,381 (b) Capital work in progress 2,995 2,346 (c) Investment property 3,146 3,146 (d) Right of use assets 8,889 9,205 (e) Other intangible assets 757 831 (f) Investments in subsidiaries and associates 81,604 81,601 (g) Financial assets
(i) Investments - 69 (ii) Loans 28,719 -
(iii) Other financial assets 4,380 4,283 (h) Income tax assets (net of provisions) 10,354 10,341 (i) Other non-current assets 7,502 7,190 Total non-current assets 2,42, 148 2, 16,393
2 Current assets (a) Inventories 15,121 9,998 (b} Investment in equity share (held-for-sale) 589 (c) Financial assets
(i) Investments 1,001 -(ii) Trade receivables 29,614 41,245 (iii) Cash and cash equivalents 21,577 9,005 (iv) Bank balances other than cash and cash equivalents 5,312 9,617 (v) Loans 607 1,389 (vi) Other financial assets 1,795 892
(d) Other current assets 5,310 6,290 Total current assets 80,337 79,025 TOTAL ASSETS 3 22 485 2 95 418
B EQUITY & LIABILITIES 1 Equity
(a) Equity share capital 8,928 8,928 (b) Other equity 1,66,475 1,54,886 Total equity 1,75,403 1,63,814
(a) total outstanding dues of micro and small enterprises 349 268 (b) total outstanding dues of creditors other than micro and small 39,018 31,865 enterprises
(iv) Other financial liabilities 16,380 8,904 (b) Other current liabilities 2,791 2,694 ( c) Provisions 6,240 6,191 (d) Current tax liabilities (net of advance income taxes) 1,576 480 Total current liabilities 79,752 68,422
Total liabilities 1,47,082 1,31,604 TOTAL EQUITY AND LIABILITIES 3 22 485 2 95 418
STATEMENT OF ASSETS AND LIABILITIES I Amounts in Rs Lakhs unless otherwise stated) Particulars Consolidated
30 September 2020 31 March 2020
/Unaudited) (Audited) ASSETS Non-current assets (a) Property, plant and equipment 2,29,540 2,42,615 (b) Capital work in progress 1 ,52,427 1 ,30,956 (c) Investment property 3,607 3,607 ( d) Right of use assets 26,818 1 8,980 (e) Goodwill 4,281 4,093 (f) Other intangible assets 1 ,71 1 1,887 (g) Investment in equity accounted investees 5 5 (h) Financial assets
(i) Investments 3 72 (ii) Other financial assets 5,341 4,730
(i) Deferred tax assets (net) 777 4,589 U) Income tax assets (net of provisions) 1 2,477 12 , 1 12 (k) Other non-current assets 26,916 28,924 Total non-current assets 4,63,903 4,52,570
Current assets (a) Inventories 70,136 68,369 (b) Assets classified as held for sale - 149 (c) Financial assets
(i) Investments 3,347 1 ,011 (ii) Trade receivables 1 ,04,670 1 ,27,580 (iii) Cash and cash equivalents 30,811 1 5,757 (iv) Bank balances other than cash and cash equivalents 6,768 10,169 (v) Loans 154 1 1 8 (vi) Other financi al assets 1 ,715 2,527
(d) Other current assets 1 5,928 1 4,873 Total current assets 2,33,529 2,40,553 TOTAL ASSETS 6 97 432 6 93 123
EQUITY & LIABILITIES Equity (a) Equity share capital 8,928 8,928 (b) Other equity 2,28,274 2,09,150 Equity attributable to owners of the Company 2,37,202 2,18,078 (c) Non-controlling Interests 4,838 4,313 Total equity 2,42,040 2,22,391
(a) total outstanding dues of micro and small enterpri ses 1 , 1 77 762 (b) total outstanding dues of creditors other than micro and small 1,46,919 1 ,28,687 enterprises
(iv) Other financial liabilities 45,161 33,722 (b) Other current liabilities 4,457 4,476 (c) Provisions 7,498 7,421 (d) Current tax liabilities (net of advance income taxes) 2,547 724 Total current liabilities 2,31,922 2,49,666
Total liabilities 4,55,392 4,70,732 TOTAL EQUITY AND LIABILITIES 6 97 432 6 93 123
DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED CIN: L24121MH1 979PLC021360 Regd. Office : Sai Hira, Survey No 93, Mundhwa, Pune-41 1 036,
Statement o Unaudited Standalone Cash Flows for the period ended 30 September 2020 Six months ended Six months ended
30 Seotember 2020 30 September 2019 Unaudited Unaudited
Cash flow from operating activities Profit before tax 16,71 5 79 Adjustments for
Depreciation and amortisation expense 3,727 3,766 Loss on sale of property, plant and equipment 49 -
Provision for doubtful trade receivables 83 214 Impairment of Investment 69 Income on financial guarantee ( 1 1 8) Gain on sale of investment in equity shares (351 ) (1 ,053) Gain on sale of investments (37) (47) Changes in fair value of financial assets through profit or loss ( 1 ) -
Unrealised gain on embedded derivative contracts (189) -Interest income ( 1 , 133) (167) Finance costs 4,005 3,970 Unrealised foreion exchanoe fluctuations (qainl/l oss (netl (445) 26
Cash aenerated from operations before working capital chances 22 374 6 788 Change in trade receivables 1 1 ,544 (12,073) Change in inventori es (5,123) (2,109) Change in trade payables 7,511 927 Change in other financial liabilities 1 ,524 1 ,702 Change in other financial assets 94 407 Change in other non-current assets ( 161 ) 328 Change in other current assets 980 (1 ,279) Change in provisions 404 5,313 Chanae in other current liabilities 97 (6,563)
Cash aenerated from / (used in) operations 39 244 (6 559\ Income taxes oaid /net) (1,976) (395) Net cash generated from I (used in) ooeratino activities 37 268 (6 954\ Cash flows from investing activities Purchase of additional shares in subsidiary (3) Purchase of property, plant and equipment. intangible assets (including net movement in Capital work-in-progress)
( 1 ,295) (2,175)
Proceeds from sale of property, plant and equipment 46 -
Advance received towards assets classified as held for sale - 3,970 Purchase of investments (39,750) -Proceeds from sale of investments 38,787 338 Loans to subsidiaries (27,908) Repayment of loans by subsidiaries 6,000 Loans to employees and other loans given (29) -
Repayment of loans given to employees and other loans given - 1 6 Proceeds from sale of investment i n associate 940 2,820 Fixed deposit placed (4,559) (1 ,694) Fixed deposit matured 8,547 -
Interest received 227 1 ,004 Net cash (used in) / generated from investing activities (24,997) 10,279 Cash flows from financing activities Proceeds from borrowings - non current 1 ,466 Proceeds from issue of foreign currency convertible bonds (FCCB) 1 1 ,093 Proceeds from borrowings - current 20,1 17 61 ,510 Repayment of borrowings - current (24,739) (56,968) Payment of lease liability (net) (316) (292) Interest paid (3,492) (4,070) Dividends paid (including dividend distribution tax) (2,362) (3,190) Net cash generated from I (used in) financing activities 301 (1 ,544) Net increase in cash and cash equivalents 1 2,572 1 ,781 Cash and cash equivalents at the beginning of the period 9,005 4,044 Cash and cash equivalents at end of the period 21,577 5,825 The above statement of Cash Flows has been prepared under the 'Indirect Method' as set out 1n Ind AS 7, "Statement of Cash Flows"
� � �
DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED CIN: L24121MH1 979PLC021360 Regd. Office : Sai Hira, Survey No 93, Mundhwa, Pune-411 036,
s tatement o f U d" d C nau Ite l"d d C onso I ate
Cash flow from operating activities Profit before tax Adjustments for
ash
Depreciation and amortisation expense
Fl ows or the period ended 30 September 2020
Loss on sale of property, plant and equipment Provision for doubtful trade receivables Impairment of non-current investment Gain on sale of investment in equity share / associate Gain on sale of investments Changes in fair value of financial assets at fair value through profit or loss Unrealised gain on embedded derivative contracts Share of loss of equity accounted investees Interest income Finance costs Unrealised foreiqn exchanqe fluctuations qain /net)
Cash aenerated from operations before workina caoital chanqes Change in trade receivables Change in inventories Change in trade payables Change in other financial liabilities (current and non current) Change in other financial assets ( current and non current) Change in other non-current assets Change in other current assets Change in provisions Chanqe in other current liabilities
Cash qenerated from operations Income taxes paid {net) Net cash aenerated from ooeratina activities Cash flows from investing activities
Purchase of property, plant and equipment, intangible assets (including net movement in Capital work-in-progress) Proceeds from sale of property, plant and equipment Advance received towards assets classified as held for sale Loans repaid to the Company
Loans to employees and other loans given
Purchase of investments in mutual fund
Proceeds from sale of investments in mutual fund
Proceeds from sale of investment in associate
Minority Interest - net movement
Fixed deposit placed Fixed deposit matured Interest received Net cash (used in) / generated from investing activities
Cash flows from financing activities
Proceeds from borrowings - non current Repayment of borrowings - non current Proceeds from issue of Foreign Currency Convertible Bonds (FCCB) Proceeds from borrowings - current Repayment of borrowings - current
Payment of lease liabilities Interest paid Dividends paid (including dividend distribution tax)
Net cash (used in) financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at end of the period
Six months ended 30 September 2020
Unaudited
27,929
10,716 54
474 69
(791 ) (178)
94 (630)
(513) 9,682
(2,582 44 324 22,868 ( 1 ,767)
21 ,034 1 ,571
940 (595)
(1 ,055) 598 (19
87 899 (2,967
84 932
(12,841)
46 --
(36) (86,192)
83,940
940 -
(45,129) 48,213
403 (10,656)
6,380 (5,250) 1 1 ,093 48,202
(97,877)
(1 ,024) (18,385)
(2,361)
(59,222)
15,054
15,757
30,811
The above statement of Cash Flows has been prepared under the 'Indirect Method' as set out In Ind AS 7, "Statement of Cash Flows"
Six months ended
30 Sentember 2019 Unaudited
4,543
10,620 71
232 -
(2,372) (650) 181
-20
(378) 12,429
(163' 24 533 23,394
6,599 (30,265)
4,388 94
326 (2,665) 5,589
(5,489 26 504
{681 25 823
(22,157)
-
3,970 28 --
23,204
2,820
(34)
(17,106) 9,797
487 1,009
1 , 69,298 (1 ,80,481)
-
1 1 ,333 (3,959)
(790) ( 1 6,547)
(3,218)
(24,364)
2,468
8,874
1 1 ,342
A DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED CIN: L241 21MH1979PLC021360
Q Registered & Corporate Office : Sai Hira, Survey No 93, Mundhwa, Pune-41 1 036,
Total 69,221 59,652 51,236 1,28,873 90,805 (c) Realty 273 82 680 355 1 ,192 'd)Windmill 79 121 283 200 628 Total income from operations 1,40,419 1,38,208 1,1 5,074 2,78,627 2,27,294 Segment results [profit / (loss) before tax, share of loss of an associate and finance costs from