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 approved13-11-2017
Date on which prior intimation of the meeting for considering financial results was informed to the exchange03-11-2017
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterHalf yearly
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 meeting01:00
End time of board meeting01:30



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 period01-07-201701-04-2017
BDate of end of reporting period30-09-201730-09-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part I
1Income
Revenue from operations5741216.7
Other income1.83.38
Total income575.81220.08
2Expenses
(a)Cost of materials consumed251.629715.294
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade65.35-32.6
(d)Employee benefit expense 48.99101.495
(e)Finance costs65.84130.92
(f)Depreciation, depletion and amortisation expense41.18577.335
(f)Other Expenses
1Total other expenses80.752187.95
10
Total other expenses80.752187.95
Total expenses553.7461180.394

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 period01-07-201701-04-2017
BDate of end of reporting period30-09-201730-09-2017
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 tax22.05439.686
4Exceptional items 00
5Total profit before tax22.05439.686
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 operations22.05439.686
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 period22.05439.686
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 period01-07-201701-04-2017
BDate of end of reporting period30-09-201730-09-2017
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 period22.05439.686
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 operations0.0910.164
Diluted earnings (loss) per share from continuing operations0.0910.236
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 operations0.0910.164
Diluted earnings (loss) per share from continuing and discontinued operations0.0910.236
31Debt equity ratio
32Debt service coverage ratio
33Interest service coverage ratio
34Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)Notes:

1. This statement has been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 13, 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 includes results for the previous year ended March 31, 2017 which are not IND-AS compliant, 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 and half year ended September 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 and half year ended September, 2016 is as under:

Description quarter ended 30.09.2016 half year ended 30.09.2016
A) Net profit as per previous GAAP (Indian GAAP) 10.61 24.95
1. Investment in equity shares at fair value through P&L A/c (96.22) (96.22)
2. Tax impact of above adjustment 19.24 19.24
Net profit as per IND-AS (66.37) (52.03)
Other Comprehensive Income - -
Total Comprehensive Income (66.37) (52.03)

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



Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)Previous year ended (dd-mm-yyyy)
Date of start of reporting period01-04-201701-04-2016
Date of end of reporting period30-09-201731-03-2017
Whether results are audited or unauditedUnauditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Assets
1 Non-current assets
Property, plant and equipment1630.291574.95
Capital work-in-progress672.57518.89
Investment property00
Goodwill00
Other intangible assets1.181.18
Intangible assets under development00
Biological assets other than bearer plants00
Investments accounted for using equity method00
Non-current financial assets
Non-current investments112.4112.4
Trade receivables, non-current00
Loans, non-current0128.89
Other non-current financial assets00
Total non-current financial assets112.4241.29
Deferred tax assets (net)00
Other non-current assets1.41.4
Total non-current assets2417.842337.71
2Current assets
Inventories1246.91214.3
Current financial asset
Current investments019.9
Trade receivables, current909.5857.17
Cash and cash equivalents9.569.13
Bank balance other than cash and cash equivalents00
Loans, current1282.561221.65
Other current financial assets00
Total current financial assets2201.622107.85
Current tax assets (net)00
Other current assets18.3975.39
Total current assets3466.9173327.54

Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)Previous year ended (dd-mm-yyyy)
Date of start of reporting period01-04-201701-04-2016
Date of end of reporting period30-09-201731-03-2017
Whether results are audited or unauditedUnauditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
3Non-current assets classified as held for sale00
4Regulatory deferral account debit balances and related deferred tax Assets00
Total assets5884.7575665.25
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital2418.251918.25
Other equity389.517849.87
Total equity attributable to owners of parent2807.7672768.12
Non controlling interest
Total equity2807.7672768.12
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current1107.841205.3
Trade payables, non-current00
Other non-current financial liabilities00
Total non-current financial liabilities1107.841205.3
Provisions, non-current13.6713.67
Deferred tax liabilities (net)150.0760.44
Deferred government grants, Non-current00
Other non-current liabilities00
Total non-current liabilities1271.581279.41
Current liabilities
Current financial liabilities
Borrowings, current1332.241119.11
Trade payables, current369.49386.37
Other current financial liabilities00
Total current financial liabilities1701.731505.48
Other current liabilities16.0133.27
Provisions, current87.6778.97
Current tax liabilities (Net)00
Deferred government grants, Current00
Total current liabilities1805.411617.72
3Liabilities directly associated with assets in disposal group classified as held for sale00
4Regulatory deferral account credit balances and related deferred tax liability00
Total liabilities3076.992897.13
Total equity and liabilites5884.7575665.25
Disclosure of notes on assets and liabilities