ORIENTAL CARBON & CHEMICALS LIMITED | @ | ||
· | it. | ||
14th Floor, Tower-B, World Trade Tower, Plot No. C-1,Sector-16, Nolda - 201301, UP | DIA | ULF | |
Phone : 91-120-2446850 Emall : occlnolda@occlindla.com | %w | $it | |
.,,.,-. | |||
Website : www.occllndla .com | |||
November 07, 2022 | |||
The Manager | The Manager | ||
BSE Limited | National Stock Exchange of India Ltd. | ||
Department of Corporate Services, | Exchange Plaza, Bandra Kurla Complex | ||
Floor 25, P. J. Towers, Dalal Street | Bandra (E), | ||
Mumbai- 400 001 | Mumbai - 400 051 |
Scrip Symbol/Code: NSE-OCCL and BSE-506579
Dear Sir/Madam,
Sub: Outcome of the Board Meeting held on 7t November, 2022
This is further to our letter dated 27th October 2022, intimating the date of the Board Meeting for consideration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2022. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board today:
1 . approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2022. We attach herewith a copy of the approved Unaudited Standalone and Consolidated Financial Results along with the Limited Review report of the Auditors. A copy of the Press Release issued in this regard is also attached herewith.
2. declared an interim dividend of Rs.7/ - per equity share of face value of Re.10/- each for the financial year ending 31st March 2022 and fixed the Record date for the purpose of determining the entitlement of the shareholders for the interim dividend as 18 November 2022, and dividend will be paid to the shareholders on or from 28# November 2022.
3. approved the appointment of Nominee of LIC, Mr. Sanjay Verma as a Nominee Director in place of Ms. Kiran Sahdev, who has resigned earlier.
The Board Meeting commenced on 1 1 . 3 5 A.M. and concluded on 1 . 1 0 P.M.
The above Un-audited Financial Results along with the Limited Review Report thereon are being made available on the website of the Company www.occlindia.com
This is for your information and record.
Yours faithfully,
.For leORIENTAL.CARBON, & CHEMICALS LIMITED
COMPANY SECRETARY & GM Legal
Encl: As above.
Registered Office : | Plants: |
Plot No. 3 0 - 3 3 , Survey No. 77 | |
Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1 | |
Nlshant Park, Nana Kapaya, | |
Dharuhera - 123106, Dlstt. Rewarl, {Haryana) | |
Mundra, Kachchh, | |
Gujarat -370415 | SEZ Division : Survey No. 1 4 1 , Palkl of Mouje VIiiage Mundra |
CIN-L24297GJ1978PLC133845 | |
Taluka Mundra, Mundra SEZ, District Kutch, Gujrat - 370421 | |
Oriental Carbon & Chemicals Limited
( Regd. Office : Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra , Kachchh-370415, Gujarat )
(CIN · L24297GJ1978PLC133845)
Statement of Standalone Unaudited Financial Results for the Quarter and Half Year Ended September 30' 2022
(Rs. in Lakh, except per share data)
S.No.Particulars
- Revenue from Operations II Other Income
Ill Total Income (1+11)
IV Expenses:
Cost of materials consumed Purchase of stock-in-trade
Changes in Inventories of finished goods, work in progress and stock in trade
Employee benefit expense
Finance costs
Depreciation and amortisation expense
Other expenses
Total Expenses (IV)
- Profit before tax (Ill-IV)
VI Income Tax Expense
Currenttax
Deferred Tax (Net)
Total Income Tax Expense (VI)
VII Profit for the period (V-VI)
VIII Other Comprehensive Income (Net of Tax)
Items that will not be recla ssified to Profit or Loss
Remeasurement Gain or (Loss) on Defined Benefit Plans
Income Tax on the above item
Net Gain or (Loss) on FVTOCI on Equity & AIF Investments
Income Tax on the above item
Total Other Comprehensive Income/ (Loss) (Net of Tax)
IX Total Comprehensive income for the period (Vll+ VIII)
(Comprising Profit/ (Loss) and Other Comprehensive Income / (Loss) for the period)
Quarter Ended | Half Year Ended | Year Ended | |||
Sep 30' 2022 | Jun 30' 2022 | Sep 30' 2021 | Sep 30' 2022 | Sep 30' 2021 | Mar 31' 2022 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |
12,215.76 | 13,635.22 | 9,932.56 | 25,850.98 | 18,303.94 | 38,778.76 |
50.92 | 83.97 | 152.64 | 134.89 | 426.65 | 611.56 |
12,266.68 | 13,719.19 | 10,085.20 | 25,985.87 | 18,730.59 | 39,390.32 |
4,550.74 | 6,567.03 | 3,218.87 | 11,117.77 | 6,439.79 | 14,049.86 |
4.49 | - | 4.49 | 5.70 | ||
734.94 | (1,285.11) | 319.44 | (550.17) | (607.34) | (590.21) |
1,239.13 | 1,267.56 | 1,160.25 | 2,506.69 | 2,312.98 | 4,571.18 |
250.76 | 243.10 | 117.7 7 | 493.86 | 231.85 | 567.27 |
697.75 | 681.81 | 552.88 | 1,379.56 | 1,085.34 | 2,300.46 |
3,740.21 | 4,396.20 | 2,953.43 | 8,136.41 | 5,870.16 | 13,001.69 |
11,213.53 | 11,875.08 | 8,322.64 | 23,088.61 | 15,332.78 | 33,905.95 |
1,053.15 | 1,844.11 | 1,762.56 | 2,897.26 | 3,397.81 | 5,484.37 |
184.12 | 322.39 | 292.96 | 506.51 | 582.02 | 951.69 |
92.18 | 124.73 | 206.66 | 216.91 | 310.66 | 537.94 |
276.30 | 447.12 | 499.62 | 723.42 | 892.68 | 1,489.63 |
776.85 | 1,396.99 | 1,262.94 | 2,173.84 | 2,505.13 | 3,994.74 |
0.68 | 0.69 | 0.46 | 1.37 | 0.93 | 38.55 |
(0.20) | (0.20) | (0.13) | (0.40) | (0.27) | (11.23) |
96.28 | 900.45 | 150.43 | 996.73 | 105.63 | 159.64 |
(22.43) | (209.77) | (37.72) | (232.20) | (27.28) | (29.26) |
74.33 | 691.17 | 113.04 | 765.50 | 79.01 | 157.70 |
851.18 | 2,088.16 | 1,375.98 | 2,939.34 | 2,584.14 | 4,152.44 |
X | Paid-up Equity Share Capital | 999.01 | 999.01 | 999.01 | 999.01 | 999.01 | 999.01 | |
XI Other Equity excluding Revaluation Reserve as per Balance Sheet of | 54,709.63 | |||||||
Previous accounting year | ||||||||
XII Earnings per equity share (Face value of Rs. 10/- each): | ||||||||
Basic & Diluted (Rs.) | 7.78 | 13.98 | 12.64 | 21.76 | 25.08 | 39.99 | ||
Statement of Standalone Unaudited Segment Information for the Quarter | and Half Year Ended September 30' 2022 | |||||||
Quarter | Ended | Half Year Ended | Year Ended | |||||
S.No. | Particulars | Sep 30' 2022 | Jun 30' | 2022 | Sep 30' 2021 | Sep 30' 2022 | Sep 30' 2021 | Mar 31' 2022 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |
1. Segment revenue
a) Chemicals | 12,008.36 | |
b) Investments | 207.40 | |
Less: Inter-Segment Revenue | . | |
Gross Revenue | 12,215.76 | |
2. | Segment Results ( Profit (+) Loss (-) before tax and interest) | |
a) Chemicals | 1,145.36 | |
b) Investments | 199.21 | |
Total | 1,344.57 | |
Less : Finance Cost | 250.76 | |
Less Other unallocable expenditure net off unallocable (income) | 40.66 | |
Net Profit before tax | 1,053.15 | |
3. | Segment Assets |
13,539.47 | 9,666.19 | 25,547.83 | 17,786.76 | 37,816.07 |
95.75 | 266.37 | 303.15. | 517.18 | 962.69. |
13,635.22 | 9,932.56 | 25,850.98 | 18,303.94 | 38,778.76 |
2,058.12 | 1,682.45 | 3,203.48 | 3,243.74 | 5,344.22 |
84.36 | 260.72 | 283.57 | 506.20 | 932.80 |
2,142.48 | 1,943.17 | 3,487.05 | 3,749.94 | 6,277.02 |
243.10 | 117.77 | 493.86 | 231.85 | 567.27 |
55.27 | 62.84 | 95.93 | 120.28 | 225.38 |
1,844.11 | 1,762.56 | 2,897.26 | 3,397.81 | 5,484.37 |
a) Chemicals
- Investments
- unallocated
Total Segment Assets
4.Segment Liabilities
- Chemicals
- Investments
- Unallocated
Total Segment Liabilities
64,864.47
17,433.98
1,835.97 my. 84,134.42
r �2,546.49.
1 * l .. / 'I( I
(l'- ·· - n ,639.26 26185.75
3at~%%/
67,362.80 | 61,003.56 | 64,864.47 | 61,003.56 | 64,052.62 |
16,359.87 | 20,057.17 | 17,433.98 | 20,057.17 | 17,283.47 |
1,753.46 | 1,809.03 | 1,835.97 | 1,809.03 | 1,790.16 |
85,476.13 | 82,869.76 | 84,134.42 | 82,869.76 | 83,126.25 |
24,085.64 | 25,020.94 | 22,546.49. | 25,020.94 | 24,199..69 |
3,593.70 | 3,009.17 | 3,639.26 | 3,009.17 | 3,217.92 |
27,679.34 | 28,030.11 | 26,185.75 | 28,030.11 | 27,417.61 |
(f7
Oriental Carbon & Chemicals Limited | ||||
( Regd. Office | : Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra , Kachchh-370415, | Gujarat ) | ||
(CIN - LZ4Z97GJ1978PLC133845) | ||||
Statement of Standalone Unaudited Assets and Liabilities | as at September 30' 2022 | |||
( Rs in Lakhs ) | ||||
As at | As at | |||
S.No. | Particulars | Sep 30' 2022 | Mar 31' 2022 | |
(Unaudited) | (Audited) | |||
I. | ASSETS | |||
(1) Non-Current Assets | ||||
(a) Property, | Plant and Equipment | 46,538.65 | 43,699.56 | |
(b) Capital work-in-progress | 703.41 | 4,132.41 | ||
(c) Intangible | Assets | 40.02 | 46.11 | |
(d) Intangible Assets under Development | 14.34 | 1.12 | ||
(e) Financial Assets | ||||
(i) Investments | 9,298.31 | 8,443.87 | ||
(ii) Loans and Advances | 55.15 | 63.37 | ||
(iii) Other Financial Assets | 775.47 | 775.47 | ||
(f) Other Non Current Assets | 140.40 | 376.73 | ||
Total Non-Current Assets | 57,565.75 | S7,538.64 | ||
(2) | Current Assets | |||
(a) Inventories | 6,148.95 | 5,887.50 | ||
(b) Financial Assets | ||||
(i) Investments | 9,521.83 | 10,219.52 | ||
(ii) Trade Receivables | 8,890.44 | 8,076.77 | ||
(iii) Cash and Cash Equivalents | 555.52 | 46.54 | ||
(iv) Other | Bank Balances | 139.18 | 157.08 | |
(v) Loans and Advances | 75.54 | 69.86 | ||
(vi) Other Financial Assets | 149.68 | 145.76 | ||
(c) Current Tax Assets (Net) | 113.46 | 48.20 | ||
(d) Other Current Assets | 974.07 | 936.38 | ||
Total Current Assets | 26,568.67 | 25,587.61 | ||
Total Assets | 84,134.42 | 83,126.25 |
- EQUITY AND LIABILITIES
A. | Equity | ||
(a) Equity Share Capital | 999.01 | 999.01 | |
(b) Other Equity | 56,949.66 | 54,709.63 | |
Total Equity | 57,948.67 | 55,708.64 | |
B. | Liabilities | ||
(1) Non-Current Liabilities | |||
(a) Financial Liabilities | |||
(i) Borrowings | 8,482.83 | 9,392.17 | |
(ii) Lease Liability | 543.89 | 572.5 3 | |
(b) Provisions | 222.33 | 239.63 | |
(c) Deferred Tax Liabilities (Net) | 3,480.43 | 3,030.91 | |
Total Non-Current Liabilities | 12,729.48 | 13,235.24 | |
(2) | Current Liabilities | ||
(a) Financial Liabilities | |||
(i) Borrowings | 8,373.98 | 8,818.74 | |
(ii) Lease Liability | 5.01 | 4.79 | |
(iii) Trade Payables | |||
Dues of Micro Enterprises and Small Enterprises | 157.20 | 189.14 | |
Dues of Creditors Other than Micro Enterprises and Small | 2,523.09 | 2,291.68 | |
Enterprises | |||
(iv) Other Financial Liabilities | 1,630.45 | 2,271.04 | |
(bl Other Current Liabilities | 656.90 | 538.20 | |
(c) Provisions | 109.64 | 68.78 | |
Total Current Liabilities | 13,456.27 | 14,182.37 | |
Total Equity and Liabilities | 84,134.42 | 83,126.25 | |
By Order of the Board of Directors | |||
7.' | |||
Place : Noida | CAN;od Goeoka) | ||
Date : November 07' 2022 | Managing Director |
Oriental Carbon & Chemicals Limited
-
Regd. Office: Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra, Kachchh-370415, Gujarat )
(CIN - L24297GJ1978PLC133845)
Standalone Unaudited Cash Flow Statement for the Half Year Ended September 30' 2022
( Rs. in Lakhs ) | |||||
Half Year Ended | |||||
S.No. | Particulars | Sep 30' 2022 | Sep 30' 2021 | ||
(Unaudited) | (U naudited) | ||||
A. | Cash Flow From Operating Activities | ||||
Net Profit before tax | 2,897.26 | 3,397.81 | |||
Adjustments for: | |||||
Depreciation & Amortisation Expense | 1,379.56 | 1,085.34 | |||
(Gain)/ Loss on Sale/ Discard of Property, | Plant & Equipment (Net) | 93.26 | (184 . 53) | ||
Finance Costs | 493.86 | 2 31 . 8 5 | |||
Interest Income | (17.79) | (18 . 75) | |||
Effect of Exchange Rate Change on Borrowings | 321.59 | 125. 71 | |||
Bad Advances/ Debts | 4.71 | 0.05 | |||
Remeasurement Gain/ (Loss) on Defined | Benefit Plans | 1.37 | 0.93 | ||
Income From | Investment segment | (319.77) | (330 . 35) | ||
(Gain)/ Loss on financial assets measured at fair value through Profit or loss | 16.63 | (186 . 83) | |||
(Net) | |||||
Operating Profit before Working Capital Changes | 4,870.68 | 4,121.23 | |||
Adjustments for : | |||||
Trade and Other Receivables | (860.25) | 491.71 | |||
Inventories | (261.45) | (939 . 71) | |||
Trade and Other Payables | 212.93 | (169.48) | |||
Cash generated from Operations before tax | 3,961.91 | 3,503.75 | |||
Direct Tax Paid (Net) | (571.77) | (705 . 13) | |||
Net Cash from | Operating Activities | 3,390.14 | 2,798.62 | ||
B. | Cash Flow From Investing Activities |
Payments for purchase of Property, Plant & Equipment including Capital work in progress, Intangible Assets and Capital Advances
Proceeds from sale of Property, Plant & Equipment
Loans and Advances to Subsidiary/ Other Companies (Net) Purchase and Sale of Non Current Investments (Net) Purchase and Sale of Current Investments (Net) Movement in Fixed deposits with Banks
Income from Investment Segment Received Interest Received
Net Cash (used in) investing activities
C. Cash Flow From Financing Activities
Dividend Paid
Proceeds from Borrowing - Non Current Repayment of Borrowing - Non Current Borrowing - Current (Net)
Repayment of Lease Liability
Interest and Financial Costs paid (excluding Transfer to Capital Work-in Progress)
Net Cash from/ (used in) Financing Activities
Net (decrease) in Cash and Cash Equivalents (A+B+C)
Op ening Balance of Cash and Cash Equivalents
Closing Balance of Cash and Cash Equivalentsa.a
MEHTA; /A- Q
Place : Noida
Date : November 07' 2022
(1,227.26) | (2,757.33) |
69.48 | 28 3.2 3 |
(5.00) | - |
142.29 | (1,286.30) |
782.51 | 256.74 |
. | 2.16 |
223.49 | 210 . 71 |
7.82 | 20.01 |
(6.67) | (3,270.78) |
(699.31) | (999.01) |
340.00 3,755.06
(2,240.76) (3,178 . 62)
225.06 1 ,2 73.62
(28.42)(28 . 16)
(471.06)(221 . 37)
(2,874.49)601 .52
508.98129.36
46.54159.61
555.52288.97
By Order/1of.the Board of Directors
,, ,,)'J
Grana coenka)
Managing Director
SSKOTHARI MEHTA
- COMPANY
CHARTERED ACCOUNTANTS
Independent Auditor's Limited Review Report on un-audited standalone financial results of Oriental Carbon & Chemicals Limited for the quarter and half year ended September 30, 2022 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To the Board of Directors of
Oriental Carbon & Chemicals Ltd.
- We have reviewed the accompanying statement of unaudited standalone financial results ('the Statement') of Oriental Carbon & Chemicals Limited (the Company) for the quarter and half year ended September 30, 2022 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the Listing Regulations, 2015').
- 'This statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. The preparation of the statement is in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34, "Interim Financial Reporting"(Ind AS), prescribed under section 133 of the Companies Act, 2013 read with relevant rules there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued thereunder and other recogni zed accounting practices and policies has not disclosed the information required to be disclosed in terms of the Listing Regulations, 2015, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S S Kothari Mehta & Company
Chartered Accountants
Firm Reg. no. - 000756N
_ f
l a . a '
Partner
Membership No. - 094380
Place: Noida
Date: Z November 2022
UDIN No: 22094380BCIEGY1848
Plot No. 68, Okhla Industrial Area, Phase-Ill,New Delhi-110020 | |
Tel: +91-1146708888 E-mail:info@sskmin.com | www.sskmin.com |
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