Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Hikal Limited
  6. News
  7. Summary
    524735   INE475B01022

HIKAL LIMITED

(524735)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hikal Results FY22Q2

10/26/2021 | 10:56am EST

Extract of unaudited financial results

for the quarter and half year ended 30 September 2021

(Rs in Lakhs)

Consolidated

Particulars

Quarter ended

Half year ended

Year ended

30-Sep-2130-Jun-21

30-Sep-2030-Sep-2130-Sep-20

31-Mar-21

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Total income

46,993

45,996

37,287

92,989

72,628

1,72,542

Net Profit for the period (before tax, Exceptional and/or Extraordinary item)

5,961

6,839

4,105

12,800

6,384

20,643

Net Profit for the period before tax (after Exceptional and/or Extraordinary item)

5,961

6,839

4,105

12,800

6,384

20,643

Net Profit for the period after tax (after Exceptional and/or Extraordinary item)

4,406

5,054

2,695

9,460

4,195

13,315

Total Comprehensive Income for the period [Comprising profit for the period (after tax)

4,370

5,018

2,697

9,388

4,199

13,171

and Other Comprehensive income (after tax)]

Equity share capital

2,466

2,466

2,466

2,466

2,466

2,466

Other equity

90,874

Earnings Per Share (Face Value of Rs 2/- each) (for continuing and discontinued

operations)

- Basic

3.57

4.10

2.19

7.67

3.40

10.80

- Diluted

3.57

4.10

2.19

7.67

3.40

10.80

Note :

1 In respect of the standalone results of the Company, the amounts are as follows

Standalone

Particulars

Quarter ended

Half year ended

Year ended

30-Sep-2130-Jun-21

30-Sep-2030-Sep-2130-Sep-20

31-Mar-21

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Total income

46,993

45,996

37,287

92,989

72,628

1,72,542

Net Profit for the period (before tax, Exceptional and/or Extraordinary item)

5,960

6,835

4,105

12,795

6,384

20,643

Net Profit for the period before tax (after Exceptional and/or Extraordinary item)

5,960

6,835

4,105

12,795

6,384

20,643

Net Profit for the period after tax (after Exceptional and/or Extraordinary item)

4,405

5,050

2,695

9,455

4,195

13,315

Earnings Per Share (Face Value of Rs 2/- each) (for continuing and discontinued

operations)

- Basic

3.57

4.10

2.18

7.67

3.40

10.80

- Diluted

3.57

4.10

2.18

7.67

3.40

10.80

  1. The above is an extract of the detailed format of quarterly financial results filed with the stock exchanges under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the financial results are available on the stock exchange websites (www.bseindia.com and www.nseindia.com) and on Company's website (www.hikal.com).
  2. The figures for the previous periods have been regrouped wherever necessary to conform to the current period presentation.

For HIKAL LTD

JAI

Digitally signed by

JAI VISHWANATH

VISHWANAT

HIREMATH

H HIREMATH Date: 2021.10.26

12:08:41 +05'30'

Place :

Mumbai

Jai Hiremath

Date

: 26 October 2021

Executive Chairman

DIN: 00062203

HIKAL LTD

Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.

Phone : +91-22-30973100 , Fax : +91-22-30973281

CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com

Just the right chemistry

12th Floor, The Ruby

29 Senapati Bapat Marg

Chartered Accountants

Dadar (West)

Mumbai - 400 028, India

Tel: +91 22 6819 8000

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

Hikal Limited

  1. We have reviewed the accompanying statement of unaudited standalone financial results of Hikal Limited (the "Company") for the quarter ended September 30, 2021 and year to date from April 1, 2021 to September 30, 2021 (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, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules 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 Statement is free of material misstatement. 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.
  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 B C & CO LLP

Chartered Accountants

ICAI Firm registration number: 324982E/E300003

VINAYAK SHRIRAM PUJARE

Digitally signed by VINAYAK SHRIRAM PUJARE

DN: cn=VINAYAK SHRIRAM PUJARE, c=IN, o=Personal, email=vinayak.pujare@srb.in Date: 2021.10.26 12:45:15 +05'30'

per Vinayak Pujare Partner

Membership No.: 101143

UDIN: 21101143AAAAEB3667

Place: Mumbai

Date: October 26, 2021

S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318

Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016

Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2021

Rs. In Lakhs (Except for per share data)

Standalone

Particulars

Quarter ended

Half year ended

Year ended

30-Sep-21

30-Jun-21

30-Sep-20

30-Sep-21

30-Sep-20

31-Mar-21

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Income

Revenue from operations

Sale of products and services

46,396

45,450

36,635

91,846

71,348

1,70,706

Other operating revenue

510

228

557

738

1,121

1,338

Total revenue from operations

46,906

45,678

37,192

92,584

72,469

1,72,044

Other income

87

318

95

405

159

498

Total income

46,993

45,996

37,287

92,989

72,628

1,72,542

Expenses

Cost of materials consumed

27,712

23,074

22,920

50,786

41,678

90,671

Changes in inventories of finished goods and work-in-progress

(4,500)

(583)

(4,064)

(5,083)

(3,489)

167

Employee benefits expense

4,813

4,758

3,896

9,571

8,094

16,432

Finance costs

796

799

850

1,595

1,818

3,620

Depreciation and amortisation expenses

2,420

2,256

2,117

4,676

4,188

8,524

Other expenses

9,792

8,857

7,463

18,649

13,955

32,485

Total expenses

41,033

39,161

33,182

80,194

66,244

1,51,899

Profit before tax

5,960

6,835

4,105

12,795

6,384

20,643

Tax expense:

-Current tax

1,602

1,889

1,453

3,491

2,256

7,955

-Deferred tax

(47)

(104)

(43)

(151)

(67)

(627)

Total tax expense

1,555

1,785

1,410

3,340

2,189

7,328

Profit for the period

4,405

5,050

2,695

9,455

4,195

13,315

Other comprehensive income (OCI)

Items that will not be reclassified to statement of profit and loss

(49)

(48)

3

(97)

6

(194)

Income tax relating to item that will not be reclassified to statement of profit

13

12

(1)

25

(2)

50

and loss

Total comprehensive income

4,369

5,014

2,697

9,383

4,199

13,171

Paid-up equity share capital (Face value of Rs 2/- each)

2,466

2,466

2,466

2,466

2,466

2,466

Other equity

90,876

Earnings per share (Face Value of Rs 2/- each)

- Basic

3.57

4.10

2.18

7.67

3.40

10.80

- Diluted

3.57

4.10

2.18

7.67

3.40

10.80

Notes :

  1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 26 October 2021.
  2. The standalone financial results for the quarter and half year ended on 30 September 2021 have been subjected to a 'Limited Review' by the statutory auditors of the Company. The statutory auditors have expressed an unmodified review conclusion. The limited review report will be filed with the stock exchanges and will also be available on the Company's website, www.hikal.com.
  3. The Company has considered the impact of COVID-19 pandemic on its business operations and financial results based on its review of current indicators of future economic conditions. However,the impact assessment of this pandemic is a continuing process given the uncertainties associated with its nature and duration, and accordingly, the Company will continue to monitor any material changes to future economic conditions.
    4.The Code on Social Security, 2020 ('the Code') has been notified in the Official Gazette on September 29, 2020. The effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed. Impact, if any, of the change will be assessed and accounted in the period in which the said Code becomes effective and the rules framed thereunder are published.
  1. During the quarter, heavy rains at Mahad, Maharashtra led to flooding which caused the operations at the Company's Mahad Unit to remain shut for a period of 27 days. This has consequentially impacted the results for the quarter and half-year ended 30 September 2021. The Company has filed an insurance claim, which is under assessment.
  2. The figures for the previous periods have been regrouped wherever necessary to conform to the current period presentation.

For HIKAL LTD

JAI VISHWANAT H HIREMATH

Digitally signed by JAI VISHWANATH HIREMATH Date: 2021.10.26 12:09:58 +05'30'

Place

:

Mumbai

Jai Hiremath

Date

:

26 October 2021

Executive Chairman

DIN: 00062203

HIKAL LTD

Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.

Phone : +91-22-30973100 , Fax : +91-22-30973281

CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com

Just the right chemistry

Standalone segment wise revenue, results, assets and liabilities

for the quarter and half year ended 30 September 2021

(Rs. In Lakhs)

Standalone

Particulars

Quarter ended

Half year ended

Year ended

30-Sep-21

30-Jun-21

30-Sep-20

30-Sep-21

30-Sep-20

31-Mar-21

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

1. Segment revenue

a) Pharmaceuticals

27,956

27,407

27,931

55,363

49,296

1,05,964

b) Crop protection

18,950

18,271

9,261

37,221

23,173

66,080

Total

46,906

45,678

37,192

92,584

72,469

1,72,044

Less: Inter segment revenue

-

-

-

-

Revenue from operations

46,906

45,678

37,192

92,584

72,469

1,72,044

2. Segment results

a) Pharmaceuticals

3,748

4,811

4,974

8,559

7,152

16,988

b) Crop protection

3,413

3,184

784

6,597

2,468

10,327

Total

7,161

7,995

5,758

15,156

9,620

27,315

Less :

i) Finance cost

796

799

850

1,595

1,818

3,620

ii) Other un-allocable expenditure

443

432

852

875

1,531

3,317

Add:

i) Other un-allocable income

38

71

49

109

113

265

Profit before tax

5,960

6,835

4,105

12,795

6,384

20,643

3. Segment assets

a) Pharmaceuticals

1,15,836

1,16,353

1,10,253

1,15,836

1,10,253

1,13,145

b) Crop protection

75,791

65,549

57,582

75,791

57,582

65,607

c) Unallocable

15,163

12,708

13,125

15,163

13,125

12,571

Total assets

2,06,790

1,94,610

1,80,960

2,06,790

1,80,960

1,91,323

4. Segment liabilities

a) Pharmaceuticals

16,376

16,327

15,946

16,376

15,946

17,448

b) Crop protection

17,078

13,233

8,937

17,078

8,937

11,618

c) Unallocable

71,844

66,694

70,472

71,844

70,472

68,915

Total liabilities

1,05,298

96,254

95,355

1,05,298

95,355

97,981

For HIKAL LTD

JAI VISHWANAT H HIREMATH

Digitally signed by

JAI VISHWANATH HIREMATH Date: 2021.10.26 12:10:36 +05'30'

Jai Hiremath

Place

: Mumbai

Executive Chairman

Date

: 26 October 2021

DIN: 00062203

HIKAL LTD

Regd. Office : 717/718, Maker Chamber V, Nariman Point, Mumbai - 400 021.

Phone : +91-22-30973100 , Fax : +91-22-30973281

CIN : L24200MH1988PTC048028, E Mail : info@hikal.com , Website : www.hikal.com

Just the right chemistry

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hikal Limited published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 14:55:01 UTC.


© Publicnow 2021
All news about HIKAL LIMITED
2021ICRA Raises Hikal's Rating to A+; Lowers Outlook to Stable
MT
2021HIKAL : Related Party Transactions on a consolidated basis for the half year ended 30th Se..
PU
2021Hikal Clocks 63% Increase in Consolidated Net Profit in Fiscal Q2
MT
2021Hikal Results Presentation FY22Q2
PU
2021Hikal Results FY22Q2
PU
2021Hikal Limited Reports Earnings Results for the Second Quarter and Six Months Ended Sept..
CI
2021HIKAL : Annual Return- 2020-21 (MGT-7)
PU
2021HIKAL : Transcript of 33rd AGM 2021
PU
2021HIKAL LIMITED(BSE : 524735) added to S&P Global BMI Index
CI
2021Hikal Limited Announces Executive Changes
CI
More news
Financials
Sales 2022 19 681 M 262 M 262 M
Net income 2022 2 026 M 27,0 M 27,0 M
Net Debt 2022 - - -
P/E ratio 2022 24,5x
Yield 2022 0,22%
Capitalization 49 542 M 661 M 661 M
Capi. / Sales 2022 2,52x
Capi. / Sales 2023 2,20x
Nbr of Employees -
Free-Float 31,0%
Chart HIKAL LIMITED
Duration : Period :
Hikal Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HIKAL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 401,80 INR
Average target price 621,67 INR
Spread / Average Target 54,7%
EPS Revisions
Managers and Directors
Sameer Jai Hiremath Managing Director & Director
Kuldeep Jain Chief Financial Officer
Jai Vishwanath Hiremath Executive Chairman
Rajasekhar Reddy Secretary & Compliance Officer
Kannan Kadankote Unni Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
HIKAL LIMITED-23.71%619
JOHNSON & JOHNSON-0.28%449 095
ROCHE HOLDING AG-6.46%307 637
PFIZER, INC.-9.62%299 559
ABBVIE INC.0.42%240 379
NOVO NORDISK A/S-12.29%219 960