MMP INDUSTRIES LIMITED Registered Office: 211, Shrimohini Complex, 345, Kingsway, Nagpur - 440001, MH - IN TM Email: [email protected]CIN NO.: L32300M111973PLC030813 Web site: www.mmpil.com Statement of Standalone Unaudited Financial Results for the Quarter and Six Month ended September 30, 2021 (Z in Lakhs, except earnings per share data) S. No. Particulars Quarter Ended Half Year Ended Year Ended 30.09.2021 Unaudited 30.06.2021 Unaudited 30.09.2020 Unaudited 30.09.2021 Unaudited 30.09.2020 Unaudited 31.03.2021 Audited I Income 1 Revenue from Operations 9,240.61 8,612.71 5,148.36 17,853.32 8,736.59 23,073.35 2 Other Income 6.70 13.15 29.55 19.85 49.57 104.13 II Total Income (Total of 1 to 2) 9,247.31 8,625.86 5,177.91 17,873.17 8,786.16 23,177.48 III Expenses 1 Cost of Materials Consumed 7,115.09 7,037.59 3,835.61 14,152.68 6,197.77 17,516.89 2 Purchase of Stock-in-Trade 14.19 7.25 8.55 21.44 8.55 23.90 Changes in Inventories of Finished Goods, Work-in-Progress and 3 Stock-in-Trade (323.48) (646.07) (315.10) (969.54) (145.11) (1,388.67) 4 Employee Benefits Expense 720.40 668.34 494.93 1,388.73 910.27 2,153.24 5 Finance Costs 83.75 63.94 21.70 147.69 72.20 169.61 6 Depreciation and Amortization Expenses 162.35 134.51 107.34 296.86 212.16 453.54 7 Other Expenses 710.76 730.57 498.85 1,441.33 811.47 2,167.44 IV Total Expenses (Total 1 to 7) 8,483.06 7,996.12 4,651.88 16,479.19 8,067.31 21,095.95 V Profit Before Exceptional Item and Tax (II - IV) 764.25 629.74 526.03 1,393.99 718.85 2,081.53 Exceptional Item - - - VI Profit Before Tax (PBT) 764.25 629.74 526.03 1,393.99 718.85 2,081.53 VII Tax Expense 1 Current tax 120.14 126.17 102.64 246.31 129.20 388.52 2 Deferred tax 61.39 24.07 27.45 85.46 47.90 114.80 . VIII Total Tax Expense (Total 1 to 2) 181.52 150.24 130.09 331.76 177.10 503.32 IX Profit After Tax (PAT) (VI - VIII) 582.73 479.50 395.94 1,062.23 541.75 1,578.20 X Other Comprehensive Income A) Item that will not be reclassified to Statement of Profit and Loss a) Remeasurement of Defined Benefits Plan 0.92 1.04 4.80 1.97 8.47 4.18 b) Income tax expenses on the above (0.23) (0.26) (1.21) (0.50) (2.13) (1.05) B) Items that will be reclassified subsequently to Statement of _ _ Profit and Loss XI Total Other Comprehensive Income 0.69 0.78 3.59 1.47 6.34 3.13 XII Total Comprehensive Income for the period (IX + XI) 583.41 480.28 399.53 1,063.70 548.09 1,581.33 XIII Paid Up Equity Share Capital (Face value of 10/- per share) 2,540.26 2,540.26 2,540.26 2,540.26 2,540.26 2,540.26 (Other Equity (Excluding Revaluation Reserve)) - 16,975.81 XIV Earnings per Share (In Z) (before extraordinary item) (not annualised) Basic (K) 2.29 1.89 1.56 4.18 2.13 6.21 Diluted (T) 2.29 1.89 1.56 4.18 2.13 6.21 Earnings per Share (In Z) (after extraordinary item) (not annualised) Basic M 2.29 1.89 1.56 4.18 2.13 6.21 Diluted (Z) 2.29 1.89 _ 1.56 4.18 2.13 6.21
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Statement of Standalone Unaudited Financial Results for ...
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Statement of Standalone Unaudited Financial Results for the Quarter and Six Month ended September 30, 2021 (Z in Lakhs, except earnings per share data)
S. No. Particulars
Quarter Ended Half Year Ended Year Ended
30.09.2021
Unaudited
30.06.2021
Unaudited
30.09.2020
Unaudited
30.09.2021
Unaudited
30.09.2020
Unaudited
31.03.2021
Audited
I Income 1 Revenue from Operations 9,240.61 8,612.71 5,148.36 17,853.32 8,736.59 23,073.35
2 Other Income 6.70 13.15 29.55 19.85 49.57 104.13
II Total Income (Total of 1 to 2) 9,247.31 8,625.86 5,177.91 17,873.17 8,786.16 23,177.48
III Expenses 1 Cost of Materials Consumed 7,115.09 7,037.59 3,835.61 14,152.68 6,197.77 17,516.89
2 Purchase of Stock-in-Trade 14.19 7.25 8.55 21.44 8.55 23.90
Changes in Inventories of Finished Goods, Work-in-Progress and 3
1. The figures for the corresponding previous period have been regrouped / reclassified
wherever necessary, to make them comparable.
2. The financial results for all the periods have been prepared in accordance with the Indian
Accounting Standards ("Ind AS") notified under section 133 of the Companies Act, 2013, read
together with the Companies (Indian Accounting Standards) Rule, 2015, as amended from
time to time and other recognized accounting practices and policies to the extent applicable.
3. The Company has considered the possible effects that may result from pandemic relating
to COVID - 19 in the preparation of the unaudited standalone financial results including the
recoverability of carrying amount of financial and non - financial assets. Consequently,
performance of the quarter and half year is not comparable with the Quarter to Quarter and
Half Year to previous Half Year.
4. Segment Reporting: As per Ind AS - 108, "Operating Segment" for the quarter ended
September 30, 2021 and June 30, 2021 and September 30, 2020 respectively and six month
ended September 30, 2021 and September 30, 2020 respectively, the Company has reported,
"Primary Segment Information" as described hereunder;
* Aluminium Powder, Aluminium Pastes and Atomized Powder
* Aluminium Conductor
* Aluminium Foil
* Others: MnO, Mn02, Job Work for Washer, Circlips and other metal components
The Company has its operations in India and there is no identified "Geographical Segment".
5. The above results were reviewed and recommended by the Audit Committee and
subsequently approved by the Board of Directors at their respective meetings held on
October 27, 2021.
FOR AND BEHALF OF THE BOARD
Place: Nagpur
Dated: October 27, 2021
For MANISH N JAIN & CO.
Chartered Accountants
FRN No. 138430
AWAL
Partner
Membership No. 175398
i. *
MANISH N JAIN & CO. CHARTERED ACCOUNTANTS
LIMITED REVIEW REPORT
TO THE BORAD OF DIRECTOR OF
MMP INDUSTRIES LIMITED
1. We have reviewed the accompanying statement of unaudited standalone financial results of
MMP INDUSTRIES LIMITED ("the Company") for the quarter and six month ended September 30,
2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the
requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"),
including relevant circulars issued by the Securities and Exchange Board of India from time to
time.
2. This Statement, which is responsibility of the Company's Management and approved by the
Company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standards 34, (Ind AS 34), "Interim
Financial Reporting" prescribed under section 133 of the Companies Act, 2013, as amended, read
with relevant rules issued thereunder and other accounting principles generally accepted in India.
Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standards 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 of interim financial information consists of
making inquire, primarily of persons responsible for financial and accounting matters, and
applying analytical and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with Standards of 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 as audit opinion.
4. Based on our review conducted on above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS")
specified under section 133 of the Companies Act, 2013, as amended, read with the relevant rules
issued thereunder and the other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in term of the Listing Regulations, including the
manner in which it is to be disclosed, or that it contains any material misstatement.