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Investors > Financial Highlights
Statement of unaudited financial results for the quarter and year ended 30 June, 2017
Rs. In Lacs (Except for per share data)
Quarter ended
Unaudited
30 June
Unaudited
30 June

2017

2016

Revenue from operations    
Sale of products 26,364 22,324

Other operating revenues

306 272

Total revenue from operations

26,670 22,596

Other income

158 93

Total revenue

26,828 22,689

 

   

Total expenditure

   

  a) Cost of materials consumed

15,161 9,762

  b) Change in inventories of finished goods and work in progress

              (2,131)                   927

  c) Excise duty on sale of goods

                   399                   473

  d) Employee benefits expense

3,317 3,008

  e) Finance costs

1,169 1,320

  f) Depreciation and amortisation expenses

2,126 1,777

  g) Other expenses

4,957 4,067

  Total expenditure

24,998 21,334
     
Profit from ordinary activities before tax and exceptional item
1,830 1,355
Exceptional item                      -                       -  
Profit before tax 1,830 1,355
   

 

Income tax expense:    

 - Current taxes

628 426
 - Minimum Alternatives Tax credit                      -                       -  
 - Deferred tax                  (130)                  (225)

Total tax expense

                  498 201
     
Profit for the period 1332 1154
     
Other comprehensive income    
Items to be reclassified to profit or loss                      -                       -  
Items that will not be reclassified to profit or loss                   (19)                   (16)
Income tax relating to item that will not be reclassified to profit or loss 6 6
Total comprehensive income 1,319 1,144
     
Paid-up equity share capital (Face value of Rs 2 each) 1,644 1,644

Earnings Per Share (before extraordinary items) (Face Value of Rs 2/- each)

   

    - Basic

1.60 1.39

    - Diluted

1.60 1.39

    - Cash

4.19 3.55

Earnings Per Share (after extraordinary items) (Face Value of Rs 2/- each)

   

    - Basic

1.60 1.39

    - Diluted

1.60 1.39

    - Cash

4.19 3.55

 

   

 

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on 10 August 2017

2. The Company adopted Indian Accounting Standard ("Ind AS") from 1 April 2017 and accordingly the financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. The financial results for all periods have been prepared in accordance with the recognition and measurement principle's of Ind AS 34.

3. The financial results for the quarter ended on 30 June 2017 have been subjected to a "Limited Review" by the statutory auditors of the Company. The limited review report does not contain any qualification. The limited review report will be filed with the Stock Exchanges and will also be available on Company's website www.hikal.com.

4. The Ind AS Compliant financial results for the quarter ended on 30 June 2016 have not been subjected to a "Limited Review" or audit by the statutory auditors of the Company, however the management has exercised necessary due diligence to ensure that the financial results provide true and fair view of the affairs.

5. Reconciliation of net profit as reported under previous Generally Accepted Accounting principles ("Previous GAAP") and as per IND AS is given as follows.

 
Particulars Quarter ended 30 Jun 2016
  (Unaudited)
Net profit as per IGAAP 1096
Ind AS adjustments  
1 Amortisation of upfront fees on borrowings 40
2 Debtors provisioning based on expected loss model                  (103)
3 Deferred tax on GAAP adjustments 111
4 Actuarial (gain)/loss on defined benefit plans reclassified to OCI net of tax 10
Net profit as per Ind AS                1,154
 
6. The previous periods figures have been reclassified/regrouped wherever required to conform with current period's presentation.
 
 

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