GODFREY PHILLIPS
-INDIA LIMITID-
_ | ______ | __ | _ |
_ |
Omaxe Square
Plot No.14, Jasola District Centre
Jasola, New Delhi-110025 India.
Tel.: +91 11 2683 2155, 6111 9300
Fax: +91 11 4168 9102 www.godfreyphillips.com
29th January, 2022 | |
The Manager, Listing Department | The Manager |
National Stock Exchange of India Ltd. | BSE Ltd. |
Exchange Plaza, C-1,Block-G | 25th Floor, Phiroze Jeejeebhoy Towers |
Bandra-Kurla Complex | Dalal Streei, Mumbai - 400 001 |
Bandra (East), Mumbai - 400 051 | F'ax r�o.: ()22-22721919, 3121 |
Fax No. : 022-26598237 / 38 | BSE Scrip Code: 500163 |
NSE Symbol : GODFRYPHLP |
Reg.: i. Unaudited Financial Results for the quarter and nine months ended 3!51 December, 2021 ii. Limited Review Report for the quarter aml nine months ended 3l51 December, 2021
Dear Sirs,
This is to inform you that the Board of Directors of the Company has, at its meeting held today, i.e. 29th January, 2022, inter-alia, considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st D�cember, 2021. The same has also been reviewed by the Audit Committee in its meeting held today.
A copy of the Statement of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December, 2021, approved by the Board pursuant to Regulation 3.3 of the Securities And Excl1ange Board of India (Listing Obligations and Disclosure Requireine11ts) Regulations, 2015, is enclosed for your reference and record. A copy thereof has also been sent for publication as per the requirements. The meeting commenced at 12:30 p.m. and concluded at �45_p.m.
Further, we would like to submit that M/s. S. R. Batlil:;oi & Co. LLP, Chartered Accountants, the Statutory Auditors of the Company have carried out the I iinited review of the Unaudited Standalont and Consolidated Financial Results for the quarter and nine month:; ended 31 st December. 2l)21 and the Board bas also taken on record their Limited Review Reporl on th� said Results. A copy of the Limited Review Report is also enclosed herewith.
This is for your kind information and record please. Kindly acknowledge the receipt.
Thanking you,
Yours faithfully,
For GODFREY PHILLIPS INDIA LIMITED
SANJAY GUPTA | |||
�-9 | |||
Company Secretary | India's Best Companies� | ||
Encl. : As above | To Work For 2019 | ||
1HE Et . ' | ·n;w.RI ■ j |
Regd. Office: 'Macropolo Building', Ground Floor, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai• 400 033
CIN : L16004MH1936PLC008587
S.R. BATLIBOI & Co. LLP
Chartered Accountants
2nd & 3rd Floor
Gr1lf /iP,W l-n1porr1I=! fov1Pr - 8 Sector - 012, Sector Ro;,cJ Gi.:ruo1·r1m - 122 002 Hnr1,=m.1, India
TAI: i a 1 12..i 0a1 ,'3000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Godfrey Phillips India Limited
- We have reviewed the accompanying statement of unaudited standalone financial results of Godfrey Phillips India Limited (the "Company") for the qua1ter ended December 31, 2021 and year to date from April O I, 2021 to December 31, 202 l (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Tod AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant mies issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 Stat�ment is free of mate1ial misstatement. A review of interim financial info1mation consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. 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, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S.R. BATLIBOI & Co. LLP
Chartered Accountants
-
· tration number: 301003E/E300005
�
Partner
Membership No.: 086370
UDIN: 22086370AAAAAH5539
Place of Signature: New Delhi
Date: January 29, 2022
S,R BaOit::-oi R Co LLP, a Limilrcd lii!bililvPnrlne:rs-hip wilh LLP ldenlily No AA8·4294
R1:9d Office: 22, Calllil<: 5trecl, DICJCI ·o·, 3rd Flc;or, Kclkata-700 016
., -.
OOCFREY PHILLIPS INDIA LIMITED
Statement <>f Unaudited Standalone Financial Results for the Quarter and Nine Months Ended December 31, 2021
----· Preceeding | (Rs. in lakhs) | ||||||
Corresponding | Nine M<>nths | Year | |||||
Quarter | Quarter | Quarter | Nine Months | ||||
Particulars | ended | ended | ended | ended | ended | ended | |
31.12.2021 | 30.9.2021 | 31.12.2020 | 31.12.2021 | 31.12.2020 | 31.3.2021 | ||
(Unaudltad) | (Unaudited} | (Unaudited) | (Unaudited) | (Unaudited) | /Audited) | ||
(1) | (2) | (�) | (4) | (5) | (6) |
- Revenue from operations
(a) Revenue from co nlracts with cuslomers | 85806 | 75762 | 82261 | 234041 | 208255 | 290470 | ||
(b) Other operating revenues | 855 | 910 | 463 | 2366 | 1257 | 2104 | ||
Total revenue frDm operations | 86661 | 76672 | 82724 | 236407 | 209512 | 292574 | ||
2 | Other income | 2680 | 3446 | 3615 | 8658 | 10082 | 11770 | |
3 | Total income (1+2) | 89341 | 80118 | 86339 | 304344 | |||
245065 | 219594 |
- Expenses
(a) Cost of materials consumed | 18030 | 14046 | 16311 | 45058 | 35868 | 51190 | |||||||
(b) Purchases of stock-in-trade | 15186 | 14264 | 17425 | 45326 | 56500 | 72496 | |||||||
(c) Changes in inventories of finished goods, | (1481) | 760 | (106) | (2001) | ( 2923) | (1846) | |||||||
stock in-trade and work-in-process | |||||||||||||
(d) Excise duty | 16126 | 12701 | 13485 | 41229 | 30624 | 436D9 | |||||||
(e) Employee benefits expenses | 6862 | 6539 | 5758 | 20083 | 17120 | 23547 | |||||||
(f) Finance costs | 756 | 755 | 695 | 2252 | 213D | 3070 | |||||||
(g) Depreciation and amortisation expenses | 3670 | 3486 | 3316 | 10581 | 10002 | 13845 | |||||||
(h) Advertising and sales promotion expenses | 1786 | 2D36 | 1793 | 5164 | 4350 | 6677 | |||||||
(il Other expenses | 12619 | 11984 | 12427 | 35286 | 32068 | 45261 | |||||||
Total expenses | 73556 | 68571 | 71104 | 202978 | 185739 | 257849 | |||||||
5 | Profit before tax (3-4) | 15785 | 13547 | 15235 | 42087 | 33855 | 46495 | ||||||
6 | Tax expense | ||||||||||||
(a) Current tax | 3616 | 3173 | 3424 | 9906 | 7287 | 10235 | |||||||
(b) Deferred tax charael(credit) | 37D | 175 | 395 | 1626) | 417 | 566 | |||||||
Total ta>< exoonse | 3986 | 3348 | 3819 | 9280 | 7704 | 10801 | |||||||
7 | Profit for the perlDd (5-6) | 11799 | 10199 | 11416 | 32807 | 26151 | 35694 | ||||||
- Other comprehensive Income
Items that will not to be reclassified to profit or toss
(a) loss on remeasurements of the | (391) | (262) | (401) | (914) | (872) | (182) | ||||
defined benefit/contribution plans | ||||||||||
(b) Tax relating to items that will not be | 98 | 66 | 101 | 230 | 219 | 46 | ||||
reclassified lo prom or loss | ||||||||||
- Total other comprehensive income, net of tax | 12931 | 11961 | /300) | 16841 | 16531 | (1361 | ||||
9 | Total comprehensive Income for the period (7+8) | 11506 | 10003 | 11116 | 32123 | 25498 | 35558 | |||
10 | Paid up equity share capital | 1040 | 1D40 | 1040 | 1040 | 1040 | 1040 | |||
(Face value or Rs. 2 per share) | ||||||||||
11 | Reserves excluding revaluation reserves | 240603 | ||||||||
12 | Basic and diluted earnings per share (Rs.) ('not annualised) | 22.69' | 19.62' | 21.96' | 63,10' | 50.30' | 66.65 | |||
- .
GODFREY PHILLIPS INDIA LIMITED
Statement of Unaudited Standalone Flnanclel Results for the Quarter and Nine Months Ended December 31, 2021
(Rs. in lakhs) | |||||||||||||
Quarter | Proceeding | Corresponding | Nine Months | Nine Months | Year | ||||||||
Quarter | Quarter | ||||||||||||
Particulars | ended | ended | ended | ended | ended | ended | |||||||
31.12.2021 | 30 9.2021 | 31.12.2020 | 31.12.2021 | 31.12.2020 | 31.3.2021 | ||||||||
(Unaudited) | (Unaudited! | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||||||||
- | J..:!l | .i?L | (31 | 14) | (!ii | ({l) | |||||||
Segment-wise Revenue, Results, Assets, Llabllltles and Capital | |||||||||||||
Employed | |||||||||||||
1 | |||||||||||||
Sugmont Revenue: | 76897 | 67625 | 74707 | 209828 | 187642 | 262352 | |||||||
a) ClgareUes, Tobar.co and reratad Pmduc(s | |||||||||||||
bl RetaII a�d related Products | 9764 | 9047 | 8017 | 26579 | 21870 | 30222 | |||||||
2 | Tot'lll rnven110 from oper.itlons | 86661 | 76672 | 82724 | 236407 | 209512 | 292574 | ||||||
Segment Results: | |||||||||||||
a) Cigarettes, Tobacco and related Products | 15195 | 12812 | 14555 | 40790 | 32753 | 46792 | |||||||
b) Retail and related Products | (1842) | (2379) | (2532) | (6464) | (7888) | (9975) | |||||||
Total | 13353 | 10433 | 12023 | 34326 | 24865 | 36817 | |||||||
Add/(Less):
- Finance costs
- Un-allocabfeincome net of unallocable expenditure
(97)
2529
(111) | (37) | (306) | (92) |
3225 | 3249 | 8067 | 9082 |
(343) 10021
3 | Profit before tax | 15785 | 13547 | 15235 | 42087 | 33855 | 46495 | |||||||||
Assets: | ||||||||||||||||
a) Cigarettes, Tobacco and related Products | 173935 | 168956 | 164926 | 173935 | 164926 | 169392 | ||||||||||
b) Retail and related Products | 26930 | 26816 | 29766 | 26930 | 29766 | . 29876 | ||||||||||
c) Unallocated Corporate Assets | ,- | 181226 | 176461 | 144806 | 181226 | 144806 | 152568 | |||||||||
Total Assets | 382091 | 372233 | 339498 | 382091 | 339498 | 351838 | ||||||||||
4 | Llabllltles: | |||||||||||||||
a) Cigarettes, Tobacco and related Products | 93202 | 88150 | 75537 | 93202 | 75537 | 77366 | ||||||||||
b) Retail and related Products | 21699 | 21619 | 23121 | 21899 | 23121 | 23283 | ||||||||||
c) Unallocated Corporate LiabiliUes | 5702 | 12683 | 9257 | 5702 | 9257 | 9544 | ||||||||||
Total Llabllltles | 107915 | 120803 | 107915 | 110193 | ||||||||||||
5 | 120803 | 122452 | ||||||||||||||
Capital Employed | ||||||||||||||||
a) Cigarettes, Tobacco and relaled Products | 80733 | B0606 | 69369 | 60733 | 89389 | 92026 | ||||||||||
b) Retail and related Products | 5031 | 5197 | 6645 | 5031 | 6645 | 6593 | ||||||||||
c) Unallocated Capital Employed | 175524 | 163776 | 135549 | 175524 | 135549 | 143024 | ||||||||||
Total Capital Employed | 281288 | 249781 | 231583 | 261288 | 231583 | 241643 | ||||||||||
Total 14+51 | I | 382091 | 372233 | 339498 | 382091 | 339498 | 351836 | |||||||||
fM,/'
Noles to unaudited standalone financial resulls.
The above results are as per Regulation 33 of the SEBI (Listing Obllgations and Disclosure Requirements) Regulations, 201 <>·amended and have been taken on record by the | |
Board of Direclors at its meeting held on January 29, 2022 after being reviewed by the Audit Committee. | • |
- These financial results have been prepared in accordance with the requirements of Indian Accounting Standards (Ind AS) as prescribed under seclion 133 of Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended,
- As the effects of COVID-19 pandemic are still unfolding, some sense of uncertainty continues to prevail not just in India but across the globe The Company has considered the possible impact of the prevailing situation on the carrying amounts of its various assets Based on the current estimates arrived at by using in ternal and exlernal sources ol information, the Company does not expect any material impact on such carrying values, The impact of COVID-19 on lhe Company's financial statements may differ from that estimated as at the date of approval of Standalone Financial Results.
- The figures for the previous periods have been re-classified/re-grouped, wherever necessary, to correspond with the current period's classincation/ disclosure. Limited Review:
The Limited Review, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed and the related Report forwarded to the Stock Exchanges. This Report does not have any impact on the above "Results and Notes" for the quarter and nine months ended December 31, 2021 which needs to be eKplained,
Registered Office: | For and on behalf of the Board |
'Macropolo Building', Ground Floor, | Bina Modi ,'tY'.'..� 0• |
Dr Babasaheb Ambedkar Road, Lalbaug, | |
Mumbai - 400 033. | (Dr. Bina Modi) |
New Deihl : January 29, 2022 | Managing Director |
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GPI - Godfrey Phillips India Ltd. published this content on 29 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2022 09:00:06 UTC.