To,

January 21, 2022

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex,

Bandra (East),

Scrip Code: JYOTHYLAB

Mumbai - 400 051

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Scrip Code: 532926

Mumbai - 400 023

Dear Sir,

Sub: Outcome of the Board Meeting held on January 21, 2022

Further to our letter dated January 12, 2022 on the captioned subject, we wish to inform you that the Board of Directors of the Company at its meeting held today at 10:45 a.m. and concluded at 12:40 p.m., approved the Un-audited Financial Results on Standalone and Consolidated basis for the quarter and nine months ended December 31, 2021 with Limited Review by the Statutory Auditors of the Company.

Accordingly, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Un-audited Financial Results on Standalone and Consolidated basis for the quarter and nine months ended December 31, 2021 accompanied with the Limited Review Report by the Statutory Auditors of the Company.

Also attached is the Press Release by the Company in respect of its performance during the quarter and nine months ended December 31, 2021.

Kindly take the above on your record and disseminate the same for the information of investors.

Thanking you,

Yours faithfully,

For Jyothy Labs Limited

Shreyas Parag Trivedi

Digitally signed by Shreyas Parag Trivedi Date: 2022.01.21 12:41:15 +05'30'

Shreyas Trivedi

Head - Legal & Company Secretary

Encl.: as above

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing,

Telephone: +91 22 6257 1000

Nesco IT Park 4, Nesco Center,

Fax:

+91 22 6257 1010

Western Express Highway, Goregaon (East),

Mumbai - 400 063, India

Limited Review Report on unaudited standalone financial results of Jyothy Labs Limited for the three months ended 31 December 2021 and year-to-date standalone financial results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Jyothy Labs Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of Jyothy Labs Limited ("the Company") for the quarter ended 31 December 2021 and year-to-date results for the period from 01 April 2021 to 31 December 2021 ("the Statement").
  2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to issue a report 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 Statement is 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, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-100022

SREEJA RAJASEKHARAN MARAR

Digitally signed by SREEJA RAJASEKHARAN MARAR Date: 2022.01.21 12:27:36 +05'30'

Sreeja Marar

Partner

Mumbai

Membership No.: 111410

21 January 2022

UDIN:22111410AAAAAF2174

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco

Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

Center, Western Express Highway, Goregaon (East), Mumbai - 400063

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing,

Telephone: +91 22 6257 1000

Nesco IT Park 4, Nesco Center,

Fax:

+91 22 6257 1010

Western Express Highway, Goregaon (East),

Mumbai - 400 063, India

Limited Review Report on unaudited consolidated financial results of Jyothy Labs Limited for the three months ended 31 December 2021 and year-to-date consolidated financial results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Jyothy Labs Limited

  1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Jyothy Labs Limited ("the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
  2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 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. A review of interim financial information 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.
    We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
  4. The Statement includes the results of the following entities:

1.Jyothy Fabricare Sevices Limited 2.Jyothy Kallol Bangladesh Limited

3.Snoways Laundrers and Drycleaners Private Limited 4.Four Seasons Drycleaning Company Private Limited 5.JFSL-JLL (JV)

5. Based on our review conducted and procedures performed as stated in paragraph 3 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco

Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

Center, Western Express Highway, Goregaon (East), Mumbai - 400063

B S R & Co. LLP

6. The Statement includes the financial information/ financial results of four Subsidiaries which have not been reviewed, whose financial information/ financial results reflect total revenues of Rs .139 lacs and Rs. 311 lacs, total net loss after tax of Rs. 42 lacs and Rs. 138 lacs and total comprehensive loss of Rs. 41 lacs and Rs. 138 lacs for the quarter ended 31 December 2021 and for the period from 1 April 21 to 31 December 2021 respectively, as considered in the Statement. According to the information and explanations given to us by the Parent's management, these financial information/ financial results are not material to the Group.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-100022

SREEJA RAJASEKHARAN MARAR

Digitally signed by SREEJA RAJASEKHARAN MARAR Date: 2022.01.21 12:28:18 +05'30'

Sreeja Marar

Partner

Mumbai

Membership No.: 111410

21 January 2022

UDIN:22111410AAAAAG8701

JYOTHY LABS LIMITED

(CIN : L24240MH1992PLC128651)

STATEMENT OF STANDALONE/CONSOLIDATED FINANCIAL RESULTS

FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021

Registered Office: Ujala House, Ramakrishna Mandir Road, Kondivita, Andheri East, Mumbai 400059.

(Rs in lacs)

Standalone

Consolidated

Particulars

Quarter ended

Nine months ended

Year ended

Quarter ended

Nine months ended

Year ended

31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021

31.12.2021

30.09.2021

31.12.2020

31.12.2021

.12.2020

.03.2021

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Other income

425

524

631

1,432

1,449

1,981

363

476

637

1,294

1,442

1,845

Expenses

(a) Cost of materials consumed

26,641

28,014

20,211

81,004

57,384

79,736

26,918

28,175

20,367

81,540

57,736

80,264

(b) Purchases of stock in trade

5,158

5,805

6,756

15,570

18,190

23,429

5,159

5,805

6,783

15,575

18,217

23,464

(c) Changes in inventories of finished goods, stock in

trade and work-in-progress

(630)

1,051

(2,716)

(837)

(1,898)

(2,733)

(620)

1,061

(2,725)

(832)

(1,857)

(2,689)

(d) Employee benefits expense

5,860

5,875

5,824

17,835

16,837

22,085

6,190

6,162

6,127

18,723

17,766

23,250

(e) Finance cost

180

178

196

528

991

1,172

300

290

423

896

1,588

1,923

(f) Advertisement and sales promotion expense

3,804

4,033

3,509

12,121

8,467

12,284

3,837

4,065

3,530

12,197

8,523

12,362

(g) Depreciation and amortisation expenses

2,098

2,058

1,981

6,214

5,787

7,791

1,445

1,389

1,385

4,275

4,031

5,559

(h) Other expenses

5,980

6,343

5,377

17,935

16,102

22,026

6,303

6,611

5,603

18,677

16,656

22,811

Profit before tax and exceptional item

Exceptional item (Note 2)

-

-

-

-

-

2,350

-

-

-

-

-

2,350

Profit before tax

Tax expenses

659

785

1,212

2,191

3,032

3,315

932

1,056

1,483

3,002

3,846

4,398

Current tax

725

863

1,036

2,410

3,174

3,742

730

865

1,040

2,419

3,189

3,764

Deferred tax charge / (credit)

(66)

(78)

176

(219)

(142)

(427)

202

191

443

583

657

634

Net Profit for the period

Other Comprehensive Income

(b) Tax (expense)/benefit on items that will not be

(46)

26

(64)

(139)

(175)

37

(46)

26

(64)

(139)

(175)

77

reclassified to profit or loss

17

(10)

23

49

61

(13)

16

(10)

22

48

61

(13)

Other Comprehensive Income for the period

-

-

-

-

-

-

1

(7)

(5)

1

(10)

(10)

(29)

16

(41)

(90)

(114)

24

(29)

9

(47)

(90)

(124)

54

Profit/(loss) attributable to :

3,511

4,228

5,181

11,671

16,216

19,050

3,773

4,406

5,276

12,129

16,213

19,119

Owners of Jyothy Labs Limited

3,843

4,457

5,528

12,400

17,013

19,944

Non-Controlling Interest

(41)

(60)

(205)

(181)

(676)

(879)

Other Comprehensive Income attributable to:

Non-Controlling Interest

Owners of Jyothy Labs Limited

3,814

4,468

5,482

12,310

16,891

19,991

Non-Controlling Interest

(41)

(62)

(206)

(181)

(678)

(872)

Paid up equity share capital (Face value of Re 1/- each)

3,672

3,672

3,672

3,672

3,672

3,672

3,672

3,672

3,672

3,672

3,672

3,672

Other equity

89,706

1,39,183

Earnings Per Share of face value Re 1/- each

0.96

1.15

1.42

3.20

4.45

5.18

1.05

1.21

1.51

3.38

4.63

5.43

Basic earnings per share (Rs)

Diluted earnings per share (Rs)

0.96

1.15

1.42

3.20

4.45

5.18

1.05

1.21

1.51

3.38

4.63

5.43

Not

Not

Not

Not

Not

Not

Not

Not

Not

Not

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Annualised

Notes :

  1. The above unaudited financial results of the Company for the quarter and nine months ended December 31, 2021 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 21, 2022
  2. Exceptional item of Rs.2,350 lacs pertains to excise duty benefits availed in earlier years written off during the quarter ended March 31, 2021.
  3. Previous period figures have been re-grouped /re-classified wherever necessary, to conform to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021.
  4. For more details on results, visit investor center section of the Company's website at www.jyothylabs.com and financial result under corporates section of Stock Exchange's Website at www.nseindia.com and www.bseindia.com.

SREEJA

Digitally signed by

For and on behalf of the Board of Directors

SREEJA RAJASEKHARAN

RAJASEKHA MARAR

Date: 2022.01.21

JYOTHY

Digitally signed by JYOTHY

RAN MARAR 12:29:57 +05'30'

RAMCHANDRAN

RAMCHANDRAN

Date: 2022.01.21 12:02:52 +05'30'

M.R. Jyothy

Place: Mumbai

Managing Director

Date: January 21, 2022

DIN : 00571828

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Jyothy Laboratories Limited published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 07:51:02 UTC.