Linde India : Audited Financial Results for the 15 months period ended 31 March 2023

(Rs. Million)

Three months

Three months

Three months

Fifteen mon ths

Year

ended

ended

ended

ended

ended

Particulars

31 March

31 December

31 March

31 March

31 December

2023

2022

2022

2023

2021

(Unaudited)*

(Unaudited)

(Unaudited)

(Audite d}

{Audited)

1. Revenue from operations

6,302.35

6,970.00

5,342.65

31,355.20

21, 119.58

2. Other income

217.00

276.95

139.82

1,087.38

546.63

3. Total income (1+2}

6,519.35

7,246.95

5,482.47

32,442 .58

21,666.21

4. Expenses

1,293.86

1,984.80

1,377.44

8,246. 42

a) Cost of materials consumed

3,931.64

b) Purchase of stock-in-trade

1,009.79

1,072.85

469.71

4,406 .98

2,911.97

c) Changes in inventories of finished goods, work-in-progress and

7.65

(35 .59)

41 .84

(67.01)

26.44

stock-in-trade

t 01 .05

134.61

d) Employee benefits expense

130:71

638.71

502.48

e) Finance Costs

11 .70

11.11

11.34

56.56

30.54

f) Depreciation and amortisation expenses

657.87

481 .05

457.20

2,528.65

1,813.67

g) Power and fuel

1,020.21

1,095.52

1,002.22

5, 139. 16

4,028.45

h) Freiqht and handlinq charqes

343 .69

305.83

290.59

1,586.53

1,318.26

i) Other expenses

668.72

733.55

713 .07

3.762 .38

2,934.46

Total expenses (4)

5, 114.54

5,783.73

4,494.12

26,298.38

17,497.91

5. Profit before tax and exceptional items (3-4)

1,404.81

1,463.22

988.35

6, 144.20

4,168.30

6. Exceptional Items rNote (iii) below]

-

.

-

-

2,944.26

7. Profit before tax (5+6)

1,404.81

1,463.22

988;35

6, 144.20

7, 112.56

8. Tax Expense:

448.67

351 .18

a) Current tax

357.43

1,806.18

1,330.76

b) Deferred tax charqe/(credit)

(31.23)

(19.88)

(7.61 )

(l ,019.69)

642.36

9. Profit for the year/period (7-8)

987.37

1,131.92

638.53

5,357.71

5,139.44

10. Other Comprehensive Income/ (loss)

(4.36)

35.67

(16.28)

A.(i) Items that will not be reclassified to profit or loss

15.85

38.05

Remeasurement losses on defined benefit plans

15 .93

( 4.50)

35.59

38.02

(18.93)

Fair value chanqes of investments in equitv shares

(0.08)

0.14

0.08

0.03

2.65

(ii) Income tax relating to items that will not be reclassified to

(3 .?9)

1.13

(12.44)

(31 .49)

5.71

profit or loss

-

-

-

-

S.(i) Items that will be reclassified to profit or loss

Fair value chanqes due to cash flow hedqes

-

-

-

.

-

(ii) Income tax relating to items that will be reclassified to profit or

-

-

.

-

loss

999.23

1,128.69

11 . Total comprehensive income for the year/period (9+10)

661.76

5,364.27

5, 128.87

12. Paid up equity share capital (Face value Rs.10/- each)

852.84

852.84

852.84

852 .84

852.84

13. Other Equity

-

.

-

30,286.64

26,057.38

14. Earninqs Per Share (EPS) (of Rs.10/- each):

Basic and Diluted (not annualised) in Rs.

11 .58

13.27

7.49

62.82

60.26

'refernote (vi)

~ ~

23 May 2023

Abhijit Banerjee

Kolkata

Managing Director

DIN : 08456907

(Rs. Mill ionl

Fineen

Three months

Three months

Three months

months

Year

Particulars

ended

ended

ended

ended

ended

31 March

31 December

31 March

31 March

31 December

2023

2022

2022

2023

2021

(Unaudited)·

(Unaudited)

(Unaudited)

(Audited)

(Audited)

1. Segment revenue

a. Gases, related products & services

4,887.25

4,886.25

3,987.33

22, 143.83

16,610.69

b. Project enqineerinq

1,893.68

2,447.79

1,420.97

10,460.76

4,578. 74

Total

6,780.93

7,334.04

5,408.30

32,604.59

21,189.43

364 .04

65.65

Less : Inter seqment revenue

478.58

1,249.39

69 . 85

Revenue from operations

6 302.35

6 970.00

5 342.65

31 355.20

21, 119.58

2. Segment results

a. Gases, related products & services

1,220.27

1,331.77

906.65

5,320.69

3,871.15

b. Project enqineerinQ

150.98

288.54

154.85

1,114.38

484.60

Total segment profit before interest,

tax and exceptional item

1,371 .25

1,620.31

1,061.50

6,435.07

4,355.75

Less: i) Finance Costs

11.70

11 .11

11 .34

56.56

30.54

ii} Other unallocable expenditure

(45.26)

145.98

61 .81

234.31

156.91

(net of unallocable income)

Profit before tax and exceptional items

1,404.81

1,463.22

988.35

6, 144.20

4,168.30

Exceptional Items

-

.

.

.

2,944 .26

Profit before tax

1,404.81

1,463.22

988.35

6,144.20

7,112.56

Tax Expense

417.44

331.30

349.82

786.49

1,973.12

Profit for the vear/oeriod

987.37

1 131 .92

638.53

5 357.71

5 139.44

3. Segment Assets

a. Gases, related products & services#

25,099.00

24,716.97

24,975.86

25,099.00

24,592.61

b. Project enqineerinq

4,330.89

1,325.58

4,597.34

4,B0.89

4,173.25

c. Unallocated#

14,390.18

1<1.n7.35

10,765.35

14,390.1 8

11,261 .13

Total segment assets

43 820.07

43,769.90

40 338.55

43 820-07

40.026.99

4. Segment Liabilities

a. Gases, related products & services

5,773.95

6,278.64

5.716.84

5,773.95

6,256.94

b. Project enqineerinq

3,596.19

4,257.03

3,061 .27

3,596.19

3, 143.SS

c. Unallocated

3,310.45

3,091 .24

3,988.49

3,310.45

3,716.28

Total segment liabilities

12,680.59

tJ,626.91

12,766.60

12 680.59

13,116.77

·refernote (vi}

#Balance as at 31 March 2023, 31 December 2022, 31 March 2022 and 31 December 2021 include assets classified as "Asset held for sale"

amounting to Rs. 1::·:0Million, Rs. 150.00 Mil~lion, Rs. 168.12 Million and Rs. 168.12 Million, respectively.

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23 May2 023

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4" qi:...

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Manaqinq Director

Kolkata

;,.L.;_1 :'.

DIN : 084 56907

(Rs. Million)

Fifteen months ended

Year ended

Particulars

31 March 2023

31 December 2021

(Audited)

(Audited)

Cash flows from operating activities

Profit before tax for the period

6,144.20

7,112 .56

Adjustments for:

Depreciation and amortisation expenses

2,528.65

1,813.67

(Gain)/Loss on sale of non-current assets

(113 .79)

10.26

Finance costs recognised in profit and loss

56.56

30.54

Interest income on unwinding of security deposits

(1 .44)

(1.02)

Interest Income on deposits

(560 .77)

(189.07)

Interest income on finance lease arrangement

(3 .88)

(216.76)

Liabilities no longer required written back

(231.93)

-

Dividends on non-current investments

(90.02)

(4 .20)

Allowances for doubtful debts

(12.36)

(7.77)

Provision for warranties (Net)

61 .03

18.68

Exceptional items

(2.944.26)

Operating cash flow before working capital changes

7,776.25

S,622.63

Movements in working capital:

(833 .08)

(lncrease)/Decrease in trade receivables

4.18

Decrease in current and non-current financial assets

15.43

72.32

Decrease/(lncrease) in other current and non-current assets

657.63

(1,671. 99)

(Increase) in inventories

(83 .08)

(5.12)

(Decrease)/lncrease in Trade payables

(426.01)

1,361.83

Increase in current and non-current liabilities and provisions

1.093.41

1 257.93

Cash generated from operations

8,200.55

6,641.78

Income taxes paid (net)

(1 908 .71)

(753.00)

Net cash generated from ooerating activities

6.291 .84

5.888.78

Cash flows from investing activities

Purchase of property, plant and equipment, capital

(3,631 .68)

(1,367.14)

work in progress and intangible assets

Proceeds from disposal of property, plant and equipment

70.56

16.67

Advance received for Sale of Asset

67.42

-

Proceeds from disposal of Investments

-

2.38

Proceeds from disposal of Land

59.10

2,477.50

Income tax paid on profit from disposal of Land

(3.23)

(514.00)

Investment in Associate

(238.82)

-

Dividends received

81.01

189.01

Interest received

531 .36

170.14

Bank deposits (havino orioinal maturity of more than 3 months)

0.06

9.70

Net cash (used in)/ oenerated from investino activities

(3 064.22)

964.26

Cash flows from financing activities

Repayment of Lease Liabilities

(17.8.1)

(18.01)

Finance cost on Lease payment

(25.31)

(7.69)

Dividends paid to owners of the Companv

(1151.34)

(255.85)

Net cash used in financino activities

(1 194.46)

(281 ..55)

Net increase in cash and cash equivalents

2,033.16

6,591.49

Cash and cash equivalents at the beginning of the period

9 832.93

3 241.44

Cash and cash equivalents at the end of the period

11 866.09

9 832.93

1¥Abh~

23 May 2023

Managing Director

Kolkata

DIN: 08456907