Alufluoride Ltd. Mulagada, Mindi, Visakhapatnam 530 012, India

(91) 891 2577077 | contact@alufluoride.com

alufluoride.com

GIN — L24110AP1984PLC005096

Wealth from Waste

Department of Corporate Services 7 November, 2019

M/s.Bombay Stock Exchange Ltd.

Floor 25, P J Towers

Dalal Street

MUMBAI 400 001

Dear Sir,

Sub: Outcome of the Board Meeting under Regulation 30 of SEBI

(LODR) Regulations, 2015.

This is to inform that the Board of Directors at its meeting held today

(7 November, 2019) have approved the Standalone Unaudited Financial Results

for the quarter ended 30 September, 2019.

Please find enclosed copy of the Standalone Unaudited Financial Results for the

quarter ended 30" September, 2019, Cash Flows statement and Limited Review

Report issued by the Statutory auditors.

The meeting of the Board of Directors commenced at 11.30 AM and concluded at

3.00 PM.

This is for your kind information.

Thanking you,

Yours faithfully, For Alufluoride Ltd.

oe ee i Pee AGE fe

V.B.RAMA SARMA

Company Secretary MS No.ACS22068

Wealth from Waste

Alufluoride Ltd. Mulagada, Mindi, Visakhapatnam 530 012, India

(91) 891 2577077 | contact@alufluoride.com

alufluoride.com CIN — L24110AP1984PLC005096

STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER, 2019

(Rs. in Lakhs)

Previous

Quarter Ended Half Year Ended Year

S.No. Particulars Ended 30-09-2019 | 30-06-2019 30-09-2018 30-09-2019 30-09-2018 31-03-2019

(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited)

Rs. Rs. Rs. Rs. Rs. Rs.

1 {Income

Revenue from operations 1,888.42 W75132 1,524.27 3,639.74 3,438.01 6,551.01

Other Income 23.97 22.55 37.06 46.52 138.90 203.57

Total Income 1,912.39 1,773.87 1,561.33 3,686.26 3,576.91 | 6,754.58

2 | Expenses (a) Cost of materials consumed 877.80 1,051.38 786.79 1,929.18 1,651.15 | 3,484.28

Kb ehanges in Inventories Ot irusher e00ds, 134.88 | (206.57) (19.16) (71.69) 235.35] 163.69 work-in-progess and stock-in-trade

(c) Employee benefit expense 121.57 141.66 98.84 263.22 198.14 434.58

(d) Finance costs 18.65 18.28 1.28 36.93 2.42 5.54

(e) Depreciation 41.93, 42.57 20.38 84.50 39.30 82.22

(f) Power & Fuel 268.78 278.85 260.30 547.63 505.53 | 1,054.90

(g) Shipment Expenses : 4.98 - - 4.98 - S

(h) Other Expenses: 93.07 79.48 90.91 172.55 194.17 437.88

Total Expenses (a) to (g) 1,561.66 1,405.65 1,239.34 2,967.30 2,826.06 | 5,663.09

3 | Total Profit before Exceptional Items & Tax (1-2) 350.73 368.22 321.99 718.96 750.85 | 1,091.49

4 Exceptional Items B E e = e S

5 | Total Profit before Tax (3-4) 350.73 368.22 321.99 718.96 750.85 | 1,091.49

6 Tax Expenses - - - - -

a) Provision for Current Tax 88.66 98.65 81.08 187.31 177.15 223.00 b) Taxes of Earlier years 10.32 - - 10.32 : -

c) Deferred Tax Asset/ Liability 85.84 (72.61) (0.23) 13.23 133, 42.34

Total Tax Expenses 184.82 26.04 80.85 210.86 178.48 265.34

7 | Net Profit for the period from continuing operations (5-6) 165.91 342.18 241.14 508.10 572.37 826.15

8 |Profit/ (loss) from discontinued operations 6 es i a ad a

9 |Tax expense of discontinued operations - - - - - -

10 [Net Profit/ (loss) from discontinuing operations (after tax) (8-9) = - - = - -

11 |Total Profit for the period (7+10) 165.91 342.18 241.14 508.10 572.37 826.15

12 | Other comprehensive income net of taxes (33.61) (5.05) (22.23) (38.65) (101.57) (99.52)

13 | Total comprehensive income for the period (11+12) 132.30 337.13 218.91 469.45 470.80 726.63

14 | Paid-up Equity Share Capital 782.05 782.05 700.04 782.05 700.04 700.04

15 | Face value of Equity Share Capital 10.00 10.00 10.00 10.00 10.00 10.00

16 | Earnings per share (From continuing operations)

Basic 22. 443 3.44 6.50 8.18 11.80

Diluted 2.12 4.43 3.08 6.50 132, 10.56

Earnings per share (From discontinuing operations)

Basic = & = a < =

Diluted = - a = = S

Earnings per share (From continuing and discontinuing

operations)

Basic 2.12 4.43 3.44 6.50 8.18 11.80

Diluted 2A2 4.43 3.08 6.50 732 10.56

Contd..2

For Alufluoride Ltd . So

Statement of Assets and liabilities

(Rs. in Lakhs)

As at As at

S.No. Particulars 30-09-2019 31-03-2019

(Unaudited) (Audited)

Rs. Rs.

ASSETS

1 _|Non-current assets

(a)Property, plant and equipment 1,348.49 1,359.89

(b)Capital work-in-progress 1,474.57 362.90

‘©Other intangible assets 816.87 -

(d)Financial assets (i) Investments 1,130.43 1,252.83

(i)Others 212.15 73.41 (d)Deferred tax Asset (Net) - -

(e)Other non-current assets 0.53 296.15

2. Current assets

(a)Inventories 603.62 485.52

(b)Financial assets

(i) Trade receivables 568.10 578.47

(ii)Cash and cash equivalents 312.82 139.04

(iii)Bank balances other than above 38.33 160.69

(iv)Others 80.55 108.04

(c)Current Tax Assets (net) - -

(d)Other current assets 199,44 64.76

Total Assets 6,785.90 4,881.70

EQUITY AND LIABILITIES

1 Equity

(a)Equity Share capital 782.05 700.04

(b)Other equity 4,216.00 3,295.92

2: LIABILITIES

Non-current liabilities

(a)Provisions 947.74 144.40

(b)Deferred tax liabilities (Net) 54.19 40.96

Current liabilities

(a)Financial liabilities

(Trade payables 424.38 360.62

(ii)Other financial liabilities 87.04 149.99

(b)Other current liabilities 142.97 127.42

(c)Provisions 49.48 46.49

(d)Current Tax Liabilities (Net) 82.05 15.86

Total Equity and Liabilities 6,785.90 4,881.70

Contd..3

For Alufluoride Ltd Gay

V-B-RAMA SARMA Gompany Secretary MS No.AGS22066

Continuation Sheet

eoiee

Continuation Sheet

Statement of Cash Flows for the six months period ended 30th September ,2019

(Rs. in Lakhs)

As at As at

Particulars 30-09-2019 30-09-2018

(Unaudited) (Unaudited)

Rs. Rs.

A) Cash Flow from Operating Activities:

Profit for the year before Tax:

Profit from contnuing operations: 718.96 750.85

Profit/ (Loss) from discontinued operations 2 =

Profit before tax 718.96 750.85

Adjustments to reconcile profit before tax to net cash flows:

Depreciation of property, plant and equipment 84.49 39.30

Finance costs 36.93 2.43

Exchange rate fluctuations 1.60 0.10

Excess provisions written back - -

Fixed Assets Written off - -

Income from investments (29.55) (24.09)

Gain on sale of investments (0.39) (102.79)

Operating Profit before Working Capital changes 812.04 665.80

Movement in Working capital:

(Increase) / Decrease in Trade receivables 10.37 (270.43)

(Increase) /Decrease in financial and non-financial assets (297.36) (165.11)

(Increase) /Decrease in inventories (118.10) 310.41

Increase / (Decrease) in provisions (27.21) 5.67

Increase / (Decrease) in trade and other payables 14.77 22.34

Cash generated from operations 394.51 568.68

Income Tax (paid)/refund (131.44) (177.15)

Net Cash generated in operations 263.07 391.53

B) Cash Flow from Investing Activities:

Purchase of property,plant and equipments (56.42) (255.31)

Proceeds from sale of fixed assets - -

Increase in Capital Work in progress includinmg capital advances (732.22) (93.24)

Purchase of financial instruments (304.04) (1,402.16)

Proceeds from sale of financial instruments 478.13 1,318.38

Interest / Dividend received 29.55 24.09

Net cash flows used in investing activities (585.00) (408.24)

C) Cash Flow from Financing Activities:

Issue of equity shares 532.64 =

Finance Costs (36.93) (2.43)

Proceeds from share warrents - -

INet Cash flows/ (used in) Financing Activities 495.71 (2.43)

Net increase/ (decrease) in Cash & Cash equivalents (A + B + C) 173.78 (19.14)

Opening balance of Cash & Cash equivalents 139.04 201.58

Closing balance of Cash & Cash equivalents 312.82 182.45 Contd...4

For Alufluoride Ltd.

o)

V.B.RAMA SARMA Company Secretary MS No.ACS22066

Continuation Sheet

NOTES:

1. The above results were reviewed by the Audit Committee as its meeting held on

07* November, 2019 and thereafter approved by the Board of Directors at its meeting held

on the same day. The Statutory Auditors have carried out a “Limited Review” of financial

results for the Quarter ended 30" September, 2019.

2. The Company is in Inorganic Chemical Business segment.

3. Silicic Acid supply from adjacent Fertilizer Complex continues to be a problem. However, to

meet the commitments of customers, efforts are being made to procure Silicic Acid though

expensive from other sources.

4. Segmental reporting as per Ind AS-108 issued by the ICAI is not applicable, as the Company is

engaged in manufacture of a single line of product.

5. Figures for the previous periods have been regrouped, wherever necessary, to conform to the

current period’s classification.

6. Pending investor’s complaints for the quarter ended 30 September, 2019: -NIL-

By Order of the Board

Place: Hyderabad VENKAT AKKINENI

Date: 07°" November, 2019 MANAGING DIRECTOR

For Alufluoride Ltd

“ fo

vent SARMA Company Secretary MS No.ACS22066