Triveni Engineering & Industries : Results announcement for Q1 FY 18

.. - . :,; ? ..

• J.C. BHALLA &CO.

  ., •... · . . . . CHARTERED AC.COUNTANTS .

  :: .#triti -M-fillM A tii1£,@!ffl ! B*¥"ar . w•

  . · · -• . . . BRANCH OFFICE : B-5,SECTOR-6, NOIDA s 201301 (U.P.)

  . TEL. :. 91 - 120 - 4241000, FAX :91 c11 - 4241007

  • · · . E-MAIL :taxaid@vsnl,com

Revieiv Report to .

The Board of Directors

Triveni Engineering & Industries Ltd. Noida

Limited Review Report

1. We havii

reviewed the accompanying Statement of Standalone Unaudited Financial Results of Triveni

·. Engineering .& Industries Limited ("the Company") for the quarter ended June 30, 2017 ("the Statement")

.being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing

·. Obligations and Disc.losure Requirements) Regulations, 2015, as modmedby Circular No. CIR/CFD FAC/6212016 dted July 5, 2016. This Statement, which is the responsibility of the Company's Management an.ct approved· by th_e Board of Directors, has been prepared In accordance with the recognitio.n and measurement principles laid down in the 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. Our respons.ibility is to issl!e a report on the Statement based on our review,

1. We conducted our review ofthe Statement in accordance wtth the Standard on Reviaw Engagement ·

   • · (i::iRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor ofthe Entity''

     • issu.ed by the lnstitlte··of.Chartered Accountants of India. A review of lnt.erirri financial' information

. consists o1 makillg inquiries, primarily of persons responsible for financial and accou11tin!}m.:1lfers· 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 en;,bie us.·tc,obtain assurance that we would become aware of all significant matters that might be ider,tifiecJin an autlil. According! , we do not express an audit opinion. · · · · ·

1. Based on our review conductd as above. nothing has come to our attention that causes u.slo .believe that the accompanying statement of unaudited 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 terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD FAC/6212016 dated July 5, 2016, including the manner in which it is to be disclosed, or that lt contains an,· material

   inisstatement. · ·

2. We did not review the Financial Results of three branches of the Company cc,nsidered in the r;reparation of the Statement and which constitute total revenue of 4868 lakhs and net loss before tax of 442 la°khs

to

for the quarter ended June 30, 2017. These Financial Results and other financial information have bee.i reviewed by other auditor whose reports havebeen furnished to us. Our conclusion on the Statement, the extent they relate to these branches, is based solely on the reports of the other auditor.

-1a

Place : Noida Date

l .

For .JC Bhalla & Company Chartered Accountants

Firm Registration No. 0011 11 N

(Sudhir MallicJ'"

Partner

.Membership'No.800.51

HEAD OFFICE :B-17, Maharani Bagh, New Delhi - 110065 Tel. :[phone]

TRIVENI ENGINEERING &INDUSTRIES LIMITED

Regd. Office , Deoband,Distt.Saharanpur,Uttar.Pradesh 247 554 Corp.Office :15-16 Express Trade Towers, 8th Floor, Sector-16A, Noida, U.P - 201301

CIN :L15421UP1932PLC022174

Statement of Standalone Unaudited Financial Results for the Quarter Ended June 30, 2017

('inlakhs,. except per.share data)

1. Revenue from operations

2. Other income Totatincome

3. ExpensE!s

4. Cost of materials consumed

5. 240	1,016	717	3,037
   84,669	63,734	299,724

   84,429

   17,374

   93,751

   122,392

   63,017

   5,299

   296,687

   206,446

   (b) (c)	Purchases of stock-in-trade Changes in inventories of finished goods, stock-in-trade and work-in- progress	366 43,487	518 · (72,796)	338 39,580	1,537 (23,951)
   (d)	Excise duty on sale of goods	4,168	4,305	2,931	14,232
   (e)	Employee benefits expense	4,461	5,202	3,871.	18,771
   (f) Finance costs		3,679	3,258 .	3,933	12,656
   (g) Depredation andamortisation expense		1,374	1,618	1,317	5,721
   (h) Off-sea.son expenses (net) (refer note 2)		(4,505)	8.,402	(4,685)
   Other ex enSes		6,122	8,825	5,454	. 27,493
   76,526	81,724	58,038	262,905
   4 . Profit from continuing operations before exceptional items and tax		13,043	5,696	36,819
   5 Exce tional items net - income/ ex ense		8,	8,54

6. Profit from continuingoperations .before tµ

7. Tax Expense

81143

4,496

5,696

28,272

(a} Currenttax

Deferred tax

1,768

Total taxexpense	2,324	(1,230)	1,416	4,916
8	Profit from continuing operations after tax	5,819	4,280	23,356
9	Profit/(loss) from discontinued operations
10	Tax expense of discontinued operations
11	Profit/ loss from discontinued o erations after tax
12	Profit for the period	5,819	5,726	4,280	23,356
13	Other comprehensive income
A (i} Items that will not be reclassified to profit or loss	(718)	32	(686)
A (ii)Income tax relating to items that will not be reclassified to profit or loss B (i)Items that will be reclassified to profit or loss	(237)	(237)
B iiincome tax relatin to items that will be reclassified tO rofit or loss
Other comprehensive income for the period, net of tax	(481)	32	(449)
14	Total comprehensive income for the period	5,819	5,245	4,312	22,907
15	Paid up Equity Share Capital (face value "{ 1/-)	2,579	2,579	2,579	2,579
16	Other Equity	75,188
17	Earnings per share of {1/- each (no.t annualised)
(a) Basic (in '{)	2.26	2.22	1.66	9.06
(b) Diluted (in ")	2.26	2.22	1.66	9.06

556

2,336

3,566 1,416

2,336

2,580

See accompanying notes to the standalone financi.al results

TRlVENI ENGINEERING &INDUSTRIES LIMITED

Standalone Segment wise revenue, results, assets and liabilities

('inIakhs)

1	Segment Revenue
(a) Sugar Businesses
Sugar		75,906	84,303	54,122
Co-Generation		3,6)0	10,279	1,110
Distillery		4,201	3,828	4,815
83,717	98,.410	60,047
(b) Engineering Businesses
Ceara		1,391	3,825	1,754
Water		3,489	6,621	3,851
4,880	10,446	5,605
(,) Othe		1,307	1,621	1,208
Total Segment revenue		89,904	110,477	66,860
Less :Inter se ent revenuc		5,475	16,726	3,843
Total Revenue from operalions		84,429	93,751	63,017
(a)		Sugar Businesses
SUgar	10,545	11;14-ll	6,XH7	36,4'J2
Co-Gc.ncrntion	1,:l70	3,601	564	(i,942
Distillery	240	1,760	1,295	4,657
12,.155	16,701	8,746	48,091
(S)		H11gi.11l'l'1ing Du:.tnt'::i.:;t!l;
GCAra W::i.tcr	9·1 329	1,0·11 226	180 106	1..802 "
(235)	815	74	1,527
(,)		OtherS	(16)	, 31
Total		Segment res1,1lts	· 11,904	17,516	8,825	49,649
Less :
(;)		Finanl't t"n.	3,679	3,258	3,933	12,656
(ii)		Exceptional items (net} - (income)/ expense	,04'l	8,b4/
iii		Other unallocable ex enditure net of unallocable income	82	1,215	804	174

Total Profit before tax 8,143 4,496 5,696 28,272

3 Segment Assets

(a)	Sugar Businesses Sugar	172,378	225,999	174,755	225,999
Co-GeneratioI'	14,471	17,949	18,874	17,940
Distillery	16,225	17,027	16,838	17,027
203,074	260,966	210,467	260,966
(b)	Engineering Businesses
Gears	11,532	12.292	12,603	12,292
Water	21,609	21,590	20,335	21,590
33,141	33,882	32,938	33,882
(,)	Others	2,185	2,383	2.,502	2,383
Total fSegment,, Assets		238AOD	297,231	245,907	297,231
Add :Unallocable assets		8163	7 958	11258	7958
Total Assets		246,563	305,189	257,165	305,189

4 Segmenl LlabiliHes

(,)	Sugar Businesses Sugar	9,368	36,133	39,015	36,133
Co-Generation	293	356	.1,260	356
(b)	Dwtillcry Engineering Businesses	10,"02"7'	979 37,468	1,157 41,432	979 37,468
Gears	1,871	1,864	],853	1,864
Water	9,425	10,025	8,666	10,025
11,296	11.,889	10,519	11,889
(,)	Oths!rs	l/!43	11963	2,163	1,963

Total fSi?gment1, Liabili,t{ i, 23,166 -51,320 54,114 51,320

Add :UnallocablP. liabilities 139,811 176,102 143,819 176,102

Total Liabilities o:tng1.62,977 227,422 197,963'127,4'12

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TRIVENI ENGINEERING &INDUSTRIES LIMITED Notes to the Standalone Financial Results for the Quarter Ended June 30, 2017

1. In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

2. For the purpose of quarterly financial results, off-season expenses of sugar and co-generation units have been deferred. for inclusion in the cost of production of the relevant products to be produced in the remaining part of the year.

3. The figures for the quarter ended 31st March 2017 are the balancing figures between the audited figures in respect of the full financial year ended on that date and published year to date figures up!o tho third quarter of the said financial year.

4. The Board of Directors has approved payment of interim dividend of 25% ( 0.25 per equity share oH 1/- each) for the financial year 2017-18 ending March 31, 2018.

5.. The above results were reviewed and recommended for adoption by the Audit Conunittee and pprnvPrlJ;>y the lloard ot l)irectors of the Company at their respective meetings held on 10 Aug.:'ot 20F1.The statutory auditors have canied out a limited review of U1e.above financial

results.·

For Triveni Engineetjng & Industries Limited

• Place : Noida

Date : August 10, 2017

Dhruv M. Sawhney Chairman &Managing Director