GENUS POWER INFRASTRUCTURES LIMITED
Regd. Office : G—14, Sector-63, Noida-201307, Uttar Pradesh
Corporate Office: SPL~3, RIICO Industrial Area, Sitapura, Tonk Road, Jaipur-302022, Rajasthan
Ph.:0141-7102400/500, Fax: 0141-2770319, E-mail: [email protected],Website: www.genuspower.com, CIN: L51909UP1992PLC051997
G .. nos1:11.}. girriigi s’r'.
(Rs. In Lakhs)STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2019
S. No. Particulars Quarter ended Year ended
30-Jun-19 31-Mar-19 30-Jun-18 31-Mar-19
Unaudited Audited Unaudited Audited
(Refer Note 4)1 Income
Revenue from contracts with customers 27,527.00 30,145.50 23,857.34 1,05,546.66
Other income 567.64 631.73 262.51 1,791.92
Total income 28,094.64 30,777.23 24,119.85 1,07,338.58
2 Expenses
(a) Cost of materials consumed (including erection expenses) 16,751.87 20,614.49 17,289.99 73,671.63
(b) Change in inventory of finished goods and work in progress 75058 (1.09655) (777-42) (1.86932)(C) Employee benefit expenses 2,577.48 2,688.27 2,256.53 9,815.32
(d) Other expenses 3,524.11 4,215.36 2,300.64 11,135.94
(e) Depreciation and amortisation expenses 549.93 500.71 454.51 1,939.86
if) Finance costs 942.01 971.59 680.94 3,391.29
Total expenses 25,105.98 27,893.87 22,205.19 98,084.723 Profit before tax (1-2) 2,988.66 2,883.36 1,914.66 9,253.864 Tax expense
ia) Current tax 1,084.73 515.87 384.42 1,974.03
(b) Deferred tax (charge) /credit (111.77) (87.51) 91.65 (167.12)(C) Tax relating to earlier years — 197.92 - 209.51
Total tax expense 972.96 626.28 476.07 2,016.425 Net profit for the period (34) 2,015.70 2,257.08 1,438.59 7,237.445 Items of other comprehensive income (net of tax)
Items that will not be reclassified to statement of profit and loss (7-95) 101‘13 ill-59) 73-90
Total other comprehensive income (net of tax) (7.95) 101.13 (11.59) 73.90
7 Total comprehensive income (5+6) 2,007.75 2,358.21 1,427.00 7,311.34Paid -
up equity share capital (face value Re.1/— per share) 2,573.59 2,573.59 2,573.35 2,573.599 Other equity 78,476.0310 Earnings per share (of Re.1/— each) (not annualised) (amount in Rs.)
- Basic earnings per share 0.78 0.88 0.56 2.81
~ Diluted earnings per share 0.78 0.88 0.56 2.81
Notes:
1 The above unaudited standalone financial results of Genus Power infrastructures Limited (”the Company”) have been reviewed by the Audit
Committee and approved by the Board of Directors of the Company at their meeting held on July 25, 2019. Limited review of these results as
required under Regulation 33 of SEBI (LODR) Regulation, 2015, as amended, has been completed by the joint statutory auditors of the Company. The
joint statutory auditors have issued an unqualified report thereon.
The Company’s business activity falls within a single line of business segment i.e., Power, in terms of IND AS 108 "Operating Segments".The Board reviewed the total order book position of worth Rs. 1,329.93 crores (net of tax).The figures for the quarter ended March 31,2019 are the balancing figures between audited figures for the full financial year ended March 31,2019and the unaudited figures for the nine months ended Decemeber 31,2018.
5 The Company has adopted IND AS 116 effective April 01, 2019 and applied the standard to its leases. The adoption of leases standard did not have a
material impact.
6 The Board of directors have recommended dividend of 58% (Re. 0.58 per equity share of face value of Re. 1/— each) for the financial year 2018-19,subject to the approval of the shareholders.
For and on behalf of the Board of Directors/.
<2>O\ @313?NV
WTPlace: Jaipur
Date :July 25, 2019CHARTERED
(Rajendra Kumar Agarwal)
Managing Director & CEO
DIN: 00011127
(I)
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GENUS POWER INFRASTRUCTURES LIMITED
Regd. Office : 6-14, Sector—63, Nelda-201307, Uttar Pradesh
Corporate Office: SPL-3, RIICO Industrial Area, Sitapura, Tonk Road, Jaipur-302022, Rajasthan
Ph.:0141-7102400/500, Fax: 01412770319, E-mail: [email protected],
Website: www.genuspower.com, CIN: L51909UP1992PLC051997
(Rs. in Lakhs)
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2019
Place: Jaipur
Date :luly 25, 2019
S. No. Particulars Quarter ended Year ended
30-Jun-19 31-Mar-19 30-Jun-18 31-Mar-19
Unaudited Unaudited Unaudited Audited
(Refer Note 2) (Refer Note 2)
1 Income
Revenue from contracts with customers 27,527.00 30,145.50 23,857.34 1,05,546.66
Other income 462.89 391.06 216.11 1,087.98
Total income 27,989.89 30,536.56 24,073.45 1,06,634.64
2 IExpenses
(a) Cost of materials consumed (including erection expenses) 16,751.87 20,614.49 17,289.99 73,671.63
(bl Change in inventory of finished goods and work in progress 760.58 (1,096.55) (777.42) (1,869.32)
(Cl Employee benefit expenses 2,577.48 2,688.27 2,256.53 9,815.32
(d) Other expenses 4,175.15 5,153.44 2,206.33 12,690.48
(e) Depreciation and amortisation expenses 549.93 500.71 454.51 1,939.86
(0 Finance costs 942.01 971.59 680.94 3,391.29
Total expenses 25,757.02 28,841.95 22,110.88 99,639.26
3 Profit before tax (1-2) 2,232.87 1,694.61 1,962.57 6,995.38
4 Tax expense
I
(a) Current tax 1,084.73 515.87 384.42 1,974.03
(b) Deferred tax (charge) / credit (111.77) (87.51) 91.65 (167.12)
(C) Tax relating to earlier years- 197.92 - 209.51
Total Tax expense 972.96 626.28 476.07 2,016.42
5 Net Profit for the period (3-4) 1,259.91 1,068.33 1,486.50 4,978.96
6 Share of profit / (loss) from associates (22.03) (20.84) (64.46) (180.38)
7 Net profit for the period (5+6) 1,237.88 1,047.49 1,422.04 4,798.58
8 items of other comprehensive income (net of tax)
items that will not be reclassified to statement of profit and loss (7-95) 101413 (1159) 7390
Total other comprehensive income (net of tax) (7.95) 101.13 (11.59) 73.90
9 Total comprehensive income (7+8) 1,229.93 1,148.62 1,410.45 4,872.48
10 Paid -
up equity share capital (face value Re.1/» per share) 2,573.59 2,573.59 2,573.35 2,573.59
11 Other equity 76,114.97
12 Earnings per share (of Re.1/— each) (not annualised) (amount in Rs.)
— Basic earnings per share 0.54 0.46 0.62 2.09
- Diluted earnings per share 0.54 0.46 0.62 2.09
Notes:
1 The above unaudited consolidated financial results of Genus Power Infrastructures Limited (”the Parent") have been reviewed by the Audit Committee and
approved by the Board of Directors of the Parent at their meeting held on July 25,2019.
2 The jomt statutory auditors have carried out limited review of the unaudited consolidated financial results for the quarter ended June 30, 2019. The comparableand corresponding figures of the unaudited consolidated financial results for the quarter ended March 31, 2019 and June 30, 2018 have not been audited or
reviewed by the joint statutory auditors and has been prepared by Management based on the books of account including financial results/ information.
Management has exercised necessary due diligence to ensure that the unaudited consolidated financial results for the comparable and corresponding periods
provide a true and fair view of the Group's affairs. Thejoint statutory auditors have issued an unqualified report thereon.
3 The Group's business activity falls within a single line of business segment i.e,, Power, in terms of IND AS 108 "Operating Segments".
4 The Parent's Board reviewed the total order book position of worth Rs. 1,329.93 crores (net of tax).
5 The Group has adopted lND AS 116 effective April 01, 2019 and applied the standard to its leases. The adoption of leases standard did not have a material impact,
6 The Parent Board of Directors have recommended dividend of 58% (Re. 058 per equity share of face value of Re. 1/- each) for the financial year 2018-19, subjectto the approval of the shareholders.
/~-\For and on behalf of the Board of Directors
‘ \nfras,.
(Raiendra Kumar Agarwal)
Managing Director 8: CEO
DIN: 00011127\,..
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lndependent Auditor‘s Review {eport on the Quarterly Unaudited Consolidated Financial Results
of the (Tonipany tor the quarter ended June 3th 201‘) Pursuant to the Regulation 33 ot' the Sliilll
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inn; Obligations and Disclosure Requirements) Regulations, 2MB, as: amended
ew Report to
Board of Directors
Genus I’ower lnl‘t‘astructurea Limited
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We have reviewed the accompanying statement ol~ unaudited consolidated tinancial results ot‘(’leuun
Power lnii'astrncturer. Limited (the ‘l’arenl") and its sulmidiary (together rctcrred to as the ‘(iroup’iand its share ot‘the net prolit / loss alter tax and total comprehensive income/loss ol'itx associates, tor
the quarter ended June 3th 301‘) (the “Statement“) attached herewith. being), submitted by the Parent
pursuant to the requirements ol Regulation 33 ot' the Stiltl (listing Obligations and that-tomat-
Requirements) Regulations‘flOlS. as amended ('the Reputation‘). read with Stiltl t‘ireular No.
tiltttt'tt M'Ml)tt-t-‘t/ZUI‘) dated March 2‘)‘ Littlt‘) (‘the (.‘ireular‘l Attention i5; drawn to the tact that
the consolidated ligntres‘ tor the ('orrefipondinn quarter ended June 30. With and March 3 l. Titl‘). an
reported in these unaudited con5a>|idated linaneial results have been approved ij‘ the l'aient‘s Hoard
ot‘t)ireetor.~:. but have not been anbieeted to review
the Statement which is the rcaponaibilit)’ ol’the Parent's Management and approved by the Parents
Board ot't)ireet'ors. has been prolxu'ed in accordance with the recognition and measurement principleslaid down in Indian Accounting Standard 34. (tnd AS) 34 “Interim l’inanciat Reporting” premiribetlunder Section 133 of the (I‘ompanies Act“ 20 l 3. as: amended. read with relevant rutex issued
thereunder and other accounting; principle}: generally accepted in lndia‘ read with the (‘ireultnz Our
responsibility is to express a conclusion on the. Statement based on our review’.
We eotuluetcd our review ol‘tlie Statement in accordance with the Standard on l\'t‘\’lt‘\\'l‘ittt’,tt;1t€tlltftll5§(1,11: 1) l‘.‘t It). ‘Review of lnterin‘r l~'inaneial tutormatiou l’er totaled b3,“ the lndepemlent Auditor ot'thc
limit)" issued by the lnatitute ol‘ (.‘hartcrcd Accountants ol‘ lndia. /\ review at interim linaneia
intormation conxists of making, inrpririea, primarily ot permits responsible tor financial and
accountant matters. and applying analytical and other review llt‘t)Ct.‘tllll't‘.1\. /\ review it; substantiallyless; in scope than an audit conducted in accordance with Standarda on Auditing}, and coilsetpientlydoe}; not enable at; to obtain ausurance that we would become aware (it all Kipnilieant matter-1 that
might lit identified in an audit. Act'ordiindy. we (to not téxpt‘flm an audit opinion.
We alwo pertormed procednrea in accordance with the tiireular isxued b}; the Securities and ti.\'el';angjeHoard ot~ lndia under Regnrlrition 33(8) ot' the .‘x‘liltl (Listing: Obligations. and l:)l.‘\.('lkli'§lll'\.'
lieunirenients) ltepulationa. WI 5 as amended. to the extent applicable.
the Statement include:. the resultz; ol'the lollowiny entities:. (ienux‘ I’ower Inliawtructnres limited (Parent t 'oinpatn'):
(terms Shareholdeth‘ 't‘ruat (.‘itthyitliar)'~f$olt: lleneticiaiy):t‘vttx'ul Manulactnrirnl I’rivate Limited (Associate): and
(ireentech h’lC}.\1l l-ood l‘arlt limited (Asaoeiate)
Itarzed on our revicv.’ conducted and pt'ot,‘etlin'c:; pea l-‘Ji'tltt‘tl an ranted in paragraph inborn and based
on the connideralion ot'tln; review reports ot'othe: author:x rcterred to in paragraph o and '/ below
nothing). ha» come to our attention that causex ax to believe that the accompanyiup f-ttatement preparedin acetn'dance with recognition and ltlt.‘.’tSlIt'Clttt.‘tlt principles laid down in the atoresaid Indian
accounting Standard t‘lnd .-’\f-§‘) speeilied under sax lion l'i} ol‘ the ('ompaniex Art, 'f’tll t. a.
unleaded read with relevant rules imaled [hereunder and other accounting" principlea penerallyaccepted in India hat. not dira‘loaed the intormation retpured to be. dija-Ioaed in ternn: ol'the lx’egntlation.
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~tered Accountants Chartered Aeeountants
espaee. 6‘" l’loon (:16, Royal .‘s‘undrtun,tern Aqua Building, Vivekanand Marg, (.3-5eheme,
Jaipur — 302 001, India
Hyderabad — 500 081. India
read with the Circular. ineluding, the manner in which it is to be disclosed. or that it contains anymaterial misstatement.
'l‘he aeeotnpanyinp, unauditet'l eonsolin‘lated financial results includes the interim linaneial results; ol~
one subsidiary which has been reviewed by 1'). Khanna & Associates, in their indivit‘lual capacity,whose interim linaneial results reflect total revenues ol‘Rs, N11,, total net loss alter tax ol'Rs. 2,078.05
l.al\'hs, and total comprehensive loss of Rs. 2,078.05 ltalx'hs tor the quarter ended June 30, 201‘), as
considered in the unaudited consolidated financial results. Further, the unaudited consolidated
linancial results also includes the (‘3roup’s share 01 net prolit alter tax of Rs. 2.21 1,al<hs and total
eoniprehensive income ot’ Rs. 2.21 Latths tor the quarter ended June .30, 201‘), as considered in the
consolidated financial results, in respect 01‘ an associate, which have been reviewed by l). Khanna (Q
Associates, in their individual capacity. Our conclusion on the Statement is not modilied in respectol‘the above matter.
the unaudited eonsolidatul financial results also includes the (firoup’s share ol'net loss; alter tax 01‘
R~. 7/171 latths and total eompreltensive loss ofRs. 311.21 1 althr'. tor the quarter ended June 30, 2101‘).
as considered in the unaudited consolidated tinaneial restilts, in respect otan associate, whose interim
tinaneial results have not been reviewed by us. 'l'hese interim linaneial results have been reviewed
by another auditor, whose reports have been furnished to us by the Maiunutment and our conclusion
on the Statement, in so tar as it relates to the amounts and disclosures in respect ot‘sueh associate is
based solely on the report ot‘the other auditor and procedures pertbrmed by us as stated in paragraph3 above. Our conclusion on the Statement is not modified in respect ol‘the above matter.
1502‘ t'tli. EB ‘i‘l‘HRUl ('s‘: ASMN'TlA'l‘ECS LLI’ For I). KHANNA a ASSOClA'l‘Et-y‘
1(‘./\1 Firm registration number; 1(11(MOW/13300004 liirm registration number: 012917N
Chartered Accountants (Tht‘trtert‘xl Accountants
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l\"lesul\t‘rsltip No.1 213271 éll’DERABi’Q 1vlembership No.: 00.61/10
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l’lat'e ot‘signature : New 1)elhi l’laec ol"si§_uiature : .laipm'Date : July :35. 2301‘) Date : .lnly 7.5, 1201‘)
Recommended
