Post on 01-Aug-2020
BtrrBIRLAPRECISION
17th August, 2 017
To,Department of Corporate Services,Bombay Stock Exchange Limited,Floor 25, P.J. Towers,Dalal Streer,Mumbai-400 001
Scrip Code: 522llsReft Your Email dated l0th luly,2017
Subject: Revised Financial Results for the Quarter and Year ended March 37,ZOl7
Dear Sir,
This is with reference to your email dated 10th Ju|y,201,7 and pursuant to Regulation 30and Regulation 33 of Securities and Exchange Board of India (Listing 0bligations andDisclosure Requirementsl Regulations,2015, please find enclosed herewith the AuditedFinancial Results in the revised format as per Schedule III of the Companies Act,20\3for the Quarter and Year ended March 31.,201,7 along with the Auditors' Report thereon byM/s Thakur, Vaidyanath Aiyer & Co., Chartered Accountants with unmodified opinion.
Request you to kindly take the same on record.
Thanking You,
Yours faithfullyFor Birla Precision Technologies Limited
6rPVandana PatilCompany Secretary &Encl: As AbovevHP /BSEO4 /2077 -18
Birla Precision Technologies LimitedB-15/4, M lDC, Waluj, Aurangabad - 431 133,lndia. Tel: +91 240 2554301 ,2554408,2554945,2554947'8
Fax: +91 240 2554302 ' E-mai1 : info@birlaprecision.com '\e4,'r'w.birlaprecision.com
An l5O 9001:2000 & ISO 14001;2004 Companv CIN : 129220MH 198 6PLC041214
BIRLA PRECISION TECHNOLOGIES LIMITEOCIN : L29220MH1986PLC041214
Regd, Ofrice : 8.15/1, M.|.D,C, , Waluj, Autangabad - 431 133Tel : +91 240 2554301, 2554408, Fax : +91 240 2554302, E-mail : info@birlaprecision.com, Web : www.bi.laprocision.com
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2017
' {t tn Lakhst
Sr.No.
Partic!larsQuarter Ended Y€ar Ended
31.O3.2017 31.12.2016 31.03.2016 31.03.2017 3't_03.20't6
Audited t naudited Audited Audited AuditedI
l
vvIXX
xt
x
x t
XIV
XVxvt
Revenue trom operationsOther lncomeTotal Revenue (l+ll)Expensesla) Consumption of raw materials and componentsb) Purchase of stock-in{radec) Changes in inventories of finished goods, semi finishedgoods and stock-jn{raded) Employee benefits expensee) Finance costf) Depreciation and amortisation expenseg) Other expenseTotaloxponsesProfiV(Loss) before exceptional and extraordinary items and
Exceptional llemsProtiu(Loss) beforo extraordinary items and tax {V-Vl)Exlraordinary itemsProliu(Loss) before tax (Vll-Vlll)Tax expense - Current tax
- Provision of earlier period
- Deferred taxProliu(Loss) for the period from continuing operations (lxx)
Profiv(Loss) for the period from discontinuing opelationsTax expense of discontinuing operationsProfiu(Loss) for the period from discontinuing operations(after tax) (Xll-Xlll)ProfiU(Loss) for the period (Xl+Xlv)Earning p€r Equity ShareBasic EPS ( {)Diluted EPS 1?l
(ur,rv)
4,107.00199.59
3,580.9919.13
3,892.33111.72
15,264.84271.83
14,927.50449.34
4,306.59 3.600.12 4.004.05 '15,536.67 1s.376.84
1.402.A230.1S
105.07900.79123.70162.18
1.668 49
1,248.7418.71
(358.15)
913.94116.77167.81
1,316.90
1,267.28
195.65910.82117.94146.48
1,551.99
5,176.55101.86
1472.64)3,710.77
456.20629.45
5,902.36
5,456.15125.39
(202.69)
3,478.70486.09588.99
5771044,393.24 3.424.72 4,2't4.58 '15,504.55 15.703.67
(86.65)
2,925.93(3,012.s8)
(3,012.58)(56.78)
(2,955.80)
175.40
17 5.40
.ri.oo45.10
,t30.30
(210.53)
(210.53)
(210.53)
(20.00)(167.99)
l22.s4l
32.'t22,925.93
(2,893.81)
(2,89s.81)
6.32
(2,900.13)
(326.83)
(326.83)
(326.83)
(167.99)(51.12)
1107.72],
{2.955.80) 130_30 122.s4\ t2.900.13t 1107.721
(5.51)15.6't )
0.25o.25
(0.04)
t0.04)
(5.51)15.5'tl
(0.20)10.201
1
2
3
4
5
6
7
Notes :
The above results were reviewed by the Audit Committee and thereafter were approved and taken on record by the Board of Directors in their
meeting held on 29th May,2017.The Company has identifled two reporting segments namely, 1. Tools and Precision Components 2. Casting and l,4achining as reporling
segments underAS-17.The llgures for the quarter ended 31st Nlarch, 2017 arc lhe balancing figures between audited figures in respect of full financial year ended3'1st l\larch, 2017 and the unaudited published year to date figures upto the third quarter ended 31st December, 2016 which was subjected tolimiled review.
Corresponding previous period/year figures have been regrouped/recast and reclassified wherever necessary 10 make them comparable.
Exceptional item relales to provision for doubtful debts.
The Company has given a corporate guarantee to banks for a loan laken by a Group Company.
The Company has reviewed the SARFAESI Act (Securitization and Reconskuction of Financial Assets and Enforcement of Securily lnterest
Act 2002) order senl to the Company consequent to the corporale guarantee given by it on behalf of Zenith Eirla (lndia) Limiied. The Company
is taking up legally the issue regarding inclusion of the Company's property towards the loan outstanding of Zenith Birla (lndia) Limited (the
borrower) and is of the view, based on the legal opinion oblained that the Company is not effected by any such notice.
a
8 UlilisaIon of proceeds of public/right issue as on 3'lst N'larch, 2017 is as under:
Description TotalEstimated
Cost
Deployed up to31st l\4arch,
2017
Deployed up to31st March,
2016{ t Lakhs )
Aurairqabad Proiecl:-B!ilding-Plant, Machinery & Eleclrical-Miscellaneous Fixed Assets-Contingencies-Pre Ooeralive ExDenses
'120 00 120.0c 102 95
1365 5{ 1050.44 420.25329 36 12.97185 00 69.3480.0
Margin money for Working capital requirement forAuranaabad Proiect
50.0c
Sub-total 2129.46 1252.75 523.24
t Conversion of unsecured loan into equily raised by Companyfor setting up the Gandhidham Project from Nirved TradersPrivate Limiled. Promoter Comoanv
47014 470.14 470.14
To meet exnenses of issue 300.0c 276.42 276 42
Total 2900.00 1999.31 1269.76
The above mentioned slalus of utilization of funds raised by BMTL (formerly Dagger Frost Tools Limited) in its Rights cum Follow on lssue in
2007 has been revised / adjusled, due to the Scheme approved by the Honourable High Court of Bombay for amalgamation of Birla Machining
&Toolings Limited and Birla Accucast Limited {Transferor Companies) with Birla Precision Technologies Limited (Transferee Company).
As per approved scheme the pending project for of castings will be undertaken by the merged entity namely Bi4a Precision Technologies
Limited.
ln view ol delay in implementation oI the Aurangabad project, the amounts being utilised out of working capital and olher advances, is
considered being towards the designated project expenses and accounted for accordingly-
alfofthe Board of Directors
Date: 29th May,2017Chairman & Manaqinq Director
ouO. P. JainDirector
--
--
",*LA PREclsloN TEcHNoLoGIES LlMlrED
ffi%9T*"ffiTXTRACTS OF THEAUDITFD FINANCIAL REsUL 5 TUK INE UUAFILX AItU IEA^ CI!U
Sr. No. 31103t2017 31/03/2016 31103t2017 31/03/2016
I TotalLicome from operations (net) 4 297 5l 3,91346 15503 17 150r0 46
2 Ner P;irL/ (Loss) f om od .ary aci v t es afrer ta< (2 955 80) 122 44' {2.90011 147 72
3 flel Prof t / (Loss) forlhe per od afleriax (after(2 955 AA) (2 900 '13) 147 72)
105304 1.05104 l05t 04 104304
5 Ceserves €rc uOingrew mlioi resetoes as showii n
r.e BdlJ c. Sheer of p e, o-s ,ear) 8,93.1 65 11 834 78 8934 65 r r8l4 78
6 E€mings Per Share {before extraordinary tems)(Face.a.r-ol'2 each)
(561 004 15 51 020
)il!ted (5 61 (0 04 (5 51 020
Eam ngs Per Share (aiier exiraord nary il€ms) {Face
'5.61 (0 04) 551 (0 20
Dil!ied (5 6T {0 04) 551 (0 20
lTheabovesanexlractoilh€d€tailedformalioroladery&Yea.yFnanciaResu|isfledwilhiheStockExchangelndeRegtaiion33ofthesEB(Lst|ngandotherDiscoslreReq!rements)Reg!aiions2ol5Thef!lormatoitheljnanciaresulsforlhequaderandyearended3lsll4alch20lTareavaabeo.lheStockEi.hangewebsLte(\ljwbse]ndacomand on Companys websie (ww b naprecision com)
2 The company has gLVen a Corporate Guafanlee lo banks fora loan lake' by a Group Companv
3ThecompanyhasrevewedtheSARFAESIAci(SecurijzatonandReconslruclonofFnanci.Asselsa.dEnforcemento
Secultyite.estAct2002)ordelsenitolhecompanyconseqlenltothecorporaiegUalanteegvenby tonbeha]fofz€.t|
Bra(lnda) Limiled Tlre Companv ls taking up ega v the issue rcgad ng inc usion oflhe ComPan),s p'operlv towards Iir{
oanoUlsta.djngofZenilhBir|a(nd]a)Lmited(iheborrowe.andisofihe!]ewbasedonlheegaopnonoblanedihatthl
Company s not efiecied by any such noice
4Theaudledfnancarcsutsloltheqlarterandyealended3lstN]a|ch'2olThavebeeniakenonreco|dbylheBoardc
onecbrsailsme€lingheldon2glh[/]ay'20lTThesialutoryald]iorshave€xpressedai!nqla]if]edaudLlopn!o.
Forand on behallofihe Board ofOirector
Date: 29th l\4ay,2017Chairman & Managinq Director
oYi.I'.
ffi"w
BIRLA PRECLS ON TECHNOLOGIES LII!1ITEI)
SEGIVIENT WISE REVENUE, RESULTS AND CAPITAL EIIIPLOYED FOR THE OUARTER AND YEAR ENDEO
31ST IMARCH, 2017
(l
5r. No. 31.03.2017 11.12.2016 31.03,2016 31.03.2017 31.03.2016
a)Tools and P.ecsion components 3,007 04 2914 46 10.980.93 0 929 rlb)Casl nq and Mach nina 210 5l 1 024 84 999 00 4 081 35
4,29T.57 3.593.58 3.913.46 15.503.17 15 010.462 Seqment Fesults Prof i1(+)/(Loss)(-
belore tax and Interestllrom seqmentaJ Too s and Precis on Comoonents {8 60i 42444 823 797 66 51337b) Casiino and lMachin fq 36 63 139 85 (265 l1 (142 811 720 49
28.03 285.63 183,181 454.82 201 12
12314 11617 117 94 446 2A ,186 09
Add Un-a locable ncome 902 90 59 33 50 366.38ProflL/(Loss) beiore tax (86.65) 175.40 {210,53) 32.12 t326.83)
lSeqme.t assers less seqmeni liabi ities)a) Too s a.d Precis on Componenls 7 1294Q 10 t6l49 l0 027 J4 7,129 50 10427 34
bl Caslino and [4aclrinin0 2 865.65 2.416.44 2.864 61 2 865 05 2 864 61
{66 44 (4 13t (7 46) (4 13t
9,987 69 12,943.49 12,487.42 9 987 69 12.447.42
Correspond n9 pr€vlous
make lhem comparabre.
per od/year f9u€s have been regrcuped/recasl and €c assifed wherever necessary to
-\ the Board of Directors
Date: 29th [Iay, 2017Chairm.n E [Ianagi.g Director
=-@
[i rla prec sio n Te ch n olo g ies L i m itedSGflent ot lisets ano Liabilities as at 31st lllarch 2!12
Sr.No, 31.03.2017 31.03.2016
Audited
2
3
2
1
l
EOUTTY AND LIABTLITIES ,Shareholders'funds I
a) Shde cap ral I
b oese ve5 a1o sJ oh , I
Sub"total - Shareholders fundsNon-current liabilities
(a) Longlerm borrowlngs(b) Defeffed tax I abilllies (nel)(c) Long-lem provislons
Sub-total - Non-current liabilitiesCurrent liabilities
(a) Short{em bofrcwings(b) T.ade payables(c) Other curreni liabiiiles(d) Short-term provisLons
Sub{otal' Current liabilitiesTOTAL - EOUITYAND LIABILITIES
ASSETSNon-current assets
(b) Long-1erm Loans and advancesSub'total - Non'current assets
Current assets(a)lnvenlorles(b)Trade receivables(c) Cash and cash eqLriva enls(d) Shoi(-term loans and advances(e) Other current assels
I Sub-total - Current assetsI TOTAL - ASSETS
(< in Lalhs)
1053.048934.659987.69
245.59
231.42477.01
2623.502936.321303.56
531 557394.93
1053.0411834 7812887.82
531.1 1
200.38731.49
2778.442242 541006 04
529.446516.06
'17859.63 20135.37
3936 82580.97
4517.79
3339.824101 98
3444.28T793.57
1334f.84
3929 57755.79
4685.36
2939 696839.80
520.963411.471738.49
15450.0117859.53 20135.37
Dale: 29th l/lay 2017
NotelCorresponding prevlous year figures have been regfouped/fecasi and reclasslfied wherever necessary lo
make them comparable