General information about company

Scrip code530461
Name of companySaboo Sodium Chloro Limited
Class of securityEquity
Date of start of financial year01-04-2017
Date of end of financial year31-03-2018
Date of board meeting when results were approved11-09-2017
Date on which prior intimation of the meeting for considering financial results was informed to the exchange04-09-2017
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterFirst quarter
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedUnaudited
Segment ReportingSingle segment
Description of single segmentManufacturing of Salt
Start time of board meeting02:30
End time of board meeting05:30



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part I
1Income
Revenue from operations642.7642.7
Other income1.581.58
Total income644.28644.28
2Expenses
(a)Cost of materials consumed463.665463.665
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-97.95-97.95
(d)Employee benefit expense 52.50552.505
(e)Finance costs65.0865.08
(f)Depreciation, depletion and amortisation expense36.1536.15
(f)Other Expenses
1Administrative Exp. And Other Exp.107.198107.198
10
Total other expenses107.198107.198
Total expenses626.648626.648

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax17.63217.632
4Exceptional items 00
5Total profit before tax17.63217.632
7Tax expense
8Current tax00
9Deferred tax00
10Total tax expenses00
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations17.63217.632
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period17.63217.632
22Other comprehensive income net of taxes00

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period17.63217.632
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital
Face value of equity share capital
27Details of debt securities
Paid-up debt capital
Face value of debt securities
28Reserves excluding revaluation reserve
29Debenture redemption reserve
30Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations0.0730.073
Diluted earnings (loss) per share from continuing operations0.0730.073
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations0.0730.073
Diluted earnings (loss) per share from continuing and discontinued operations0.0730.073
31Debt equity ratio
32Debt service coverage ratio
33Interest service coverage ratio
34Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)1. This statement has been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on September 11, 2017.

2. The Company has adopted Companies Indian Accounting Standards (IND-AS) from April 1, 2017 with a transition date of April 1, 2016 and accordingly these unaudited financial statements have been prepared in accordance with the recognition and measurement principles laid down in IND-AS 34 Interim Financial Reporting as prescribed under Section 133 of Companies Act, 2013 read with relevant rules there under and other accounting principles generally accepted in India.

3. This statement does not include IND -AS compliant results for the preceding quarter and previous year ended March 31, 2017 as the same are not mandatory as per Clause 2.6.1 of SEBI circular no. CIR/CFD/FAC/62/2016 dated July 05, 2016.

4. The company is primarily engaged in the business of Salt Manufacturing which constitutes a single reportable segment. Accordingly, company is a single reportable segment in accordance with IND-AS 108 'Operating Segment'.

5. The IND-AS compliant corresponding figures for the previous year including reconciliation of Net profit or loss reported for the quarter ended June 30, 2016 have not been subjected to review/audit. However, the company's Management has exercised necessary due diligence to ensure that such financial results provide true and fair view of its affairs.

6. The Adoption of IND-As have necessitated changes in the accounting, recognition and measurement criteria of various items of income and expenditure. The reconciliation of the financial results as reported under various GAAP with those restated as per IND-AS for the quarter ended June 30, 2016is as under:

Description For the quarter ended 30.06.2016
A) Net profit as per previous GAAP (Indian GAAP) 14.34
1. Investment in equity shares at fair value through P&L A/c (96.22)
2. Tax impact of above adjustment 19.24
Net profit as per IND-AS (62.64)
Other Comprehensive Income -
Total Comprehensive Income (62.64)

7. Previous quarter results have been regrouped/rearranged wherever considered necessary.