Indowind Energy : Financial Result Updates

Indowind

Energy Ltd

CIN

:

L40108TN1995PLC032311

E-mail

You. For

:

[e-mail]

16" June 2022

BOMBAY

STOCK EXCHANGE LIMITED

NATIONAL

STOCK

EXCHANGE OF

The General Manager,

The

Corporate Relation

Department,

INDIA LIMITED

Listing Department

Phiroze

Jeejeebhoy Tower,

Exchange Plaza, Bandra Kurla

14" Floor, Dalal

Street,

complex,

Mumbai

Bandra (E),

-

400 001

Scrip Code:

532894

Mumbai- 400

051.

NSE

Symbol: INDOWIND

Dear Sir

/

Madam,

SUB:

OUTCOME OF THE BOARD MEETING

We

wish to inform

you

that

the Board of Directors of

Meeting held on 16" June 2022 has

approved

the

M/s. Indowind

Energy Limited, at its

Board

following items

inter-alia:

1. The

Audited Standalone and

Consolidated Financial Results for the

Year ended 31* March 2022.

fourth Quarter and Financial

Pursuant

to

Regulation 33

and all other

applicable

regulations,

if

any of the

SEBI (Listing

Obligations and Disclosure

Requirements)

Regulations

and

2015

the Audited Financial

quarter

Financial Year ended March

Results for the

31, 2022,

has been

the

following documents:

approved. Accordingly,

we enclose

1.

Standalone Audited

Financial

Results

of the

Company

for the

ended

March 31,

quarter

and

financial

ii.

2022.

year

Auditors'

Report

on

the Standalone

Audited

Financial

Results

of the

ii.

quarter

and

year ended March 31, 2022.

Company for

the

Consolidated

Audited Financial Results of the

Company for the quarter

Financial

ended March

and

year

iv.

31, 2022

Auditors'

Report

on

the Consolidated

Audited

Financial

Results

of the

quarter and financial

year ended March

Company for

the

v.

31, 2022.

Copy ofthe Reply to Auditor's

Qualification.

2.

Appointment

of Mr. Sridhar

R as an

Additional Director of the

allotment

of his

DIN. The

Company w.e.f

the date

of

required

details

pursuant

to

SEBI

below.

Listing Regulations

are

enclosed .

The

Commenced at

&: 00 P.M and ended at

Meeting

||

S$P.M

This is for

your information and record.

Thanking you,

Yours

faithfully,

For

INDOWIND ENERGY LIMITED

imran Lodha Company Secretary

Ench: As above

www.indewind.com

		Karo
'Kothari		Ath Fioor,
Buildings'
14 MG
Road,	Chenn	6 90.152
Nungambakkam,

INDOWIND ENERGY LIMITED
Regd Office: "Kothari	Buildings",	gu	Fioor, 114, M.G. Road,
Nungambakkam, Chennai	-	600 034.
Statement of Audited
Standalone Financial Results for the	2022
				Quarter/ Year ended March 31,

Particulars

1. Income from Operations

(a) Revenue from operations

(b) Other income Total income

2. Expenses

1. Cost of materials consumed
2. Purchases of stock-in-trade
3. Changes in inventories of finished goods
4. Employee Benefits Expense
5. Finance costs

(D	Depreciation and amortisation
expense

1. 1. Other expenses Total expenses
2. Profit before exceptional items and tax (1-2)
   4. Exceptional items

1. Profit/(Loss) before tax (3-4)

6. Income täx expense

1. Current tax
2. Deferred tax charge/ (credit)
   Total tax Expense
   7. Profit/(Loss) for the period from continuing operations (5-6)

8.Profit/(Loss)	from	discontinuing
operations

9. Tax expenses of discontinuing operations

(Audited)	Quarter ended
(Unaudited)	(Audited)
31.03.2022	31.12.2021	31.03.2021
213.43	335.01	170.20
234.73
0.65	184.04
448.16	335.67
354.24
186.28	33.45	45.40
87.75	115.67	(3.73)
64.10	55.72	59.96
54.10	35.14
51.93
20.10	41.14	105.01
136.17	54.07	38.12
548.51	335.19	296.69
(100.35)	0.48	57.55
(100.35)	0.48	57.55
2.30		3.99
2.30		3.99
(102.65)	0.48	53.56

	(Rs. in Lakhs)
Year ended
(Audited)
31.03.2022	31.03.2021
1,765.96	1,635.66

243.99 206.36

2,009.95 1,842.02

569.73 410.87

(33.95)

(174.22)

217.55 220.21

1. 205.29

1. 932.16

1. 222.11
   1,995.19 1,816.43

1. 25.59

14.7625.59

1. 3.99

2.303.99

12.4621.60

10.	Profit/(Loss) from	discontinuing
operations (after tax	(8-9)
11.	Profit/		(Loss)	for	the		period
(7+10)												(102.65)	0.48	53.56	12.46	21.60
12.	Minority interest
13.	Profit		/	(Loss)	after	Minority	(102.65)	0.48
Interest (11-12)								53.56	12.46	21.60
14. Other	Comprehensive Income
Items that
	will be classified		to	profit	161.92			161.92
or loss
15.Total	comprehensive	income for
the
year (Comprising	Profit and other	59.27
	0.48
Comprehensive income for the		period)	53.56	174.38	21.60
(13+14)
16.	Paid-up		equity	share			capital	8974.14	8974.14	8974.14	8974.14
(Face Value of Rs.10/-	each)			8974.14

17. Earnings per equity shares

(a)	Basic (Rs.)	0.07	0.00	0.06	0.19
(b)	Diluted (Rs.)	0.02
0.07	0.00
0.06
0.19
		0.02

Che

	INDOWIND ENERGY LIMITED
	Regd Office: "Kothari	Buildings",	gu	Floor, 114, M.G. Road,
	Nungambakkam, Chennai	-	600	034.
	Audited Standalone Statement of Assets and
			Liabilities as on March 31, 2022
									(Rs. in Lakhs)
						March		(Audited)
ASSETS						21,	2022	March 31, 2021
Non-currentassets
(a) Property, plant and equipment					23,645.12	23,981.31
(b) Intangible assets
(c) Capital work in progress					95.60		95.60
(d) Investment	property
(e) Financial assets
(i) Investments					1,042.99		1,114.49
(ii) Loans
					91.91
(iii) Other financial assets						103.65

1. Deferred Tax Assets (Net)

(g) Other non-current assets		2,284.59
Total Non-current Assets		2,170.09
	27,160.22
					27,465.14
Current assets
(a) Inventories				381.51	310.20
(b) Financial assets
(i) Trade receivables			911.56	683.06
(ii) Cash and cash	equivalents
	120.96
	382.04
(iii) Bank balances other than	above
0.20
154.27
(c) Current Tax Assets	(Net)
(D) Other current assets		156.85
Total current assets				81.01
			1,571.08
TOTAL ASSETS				1,610.59
			28,731.30	29,075.73
EQUITY AND LIABILITIES
EQUITY
(a) Equity share capital			8,974.15	8,974.15
(b) Other equity
			14,051.90
Total	equity				13,877.53
			23,026.05
				22,851.68
LIABILITIES
Non-current liabilities
(a) Financial liabilities
(i) Borrowings				1,180.33	5,759.65
(i)Other financial liabilities
(b) Deferred Tax Liabilities
			(net)
(ce) Other non-currentliabilities
Total non-current liabilities		1,180.33	5,759.65
Current liabilities
(a) Financial liabilities
(i)Trade payables				73.80	126.30
(b) Other current liabilities
	4,448.81
(c) Provisions				334.70
Total current liabilities			2.31	3.40
		4,524.92
Total Liabilities				464.40
TOTAL				5,705.25	6,224.05
	EQUITY AND LIABILITIES	28,731.30	29,075.73

ChEn

Indowind
Energy Limited
Standalone
Statement of cash flows for the	2022
(All amounts are in lakhs of Indian	year ended March 31,
Rupees, unless otherwise
Particulars	stated)

		Forthe	year ended
		March 31, 2022
Cash Flow From
Operating Activities
Profit before Income tax
Adjustments for			12.46
Depreciation	and amortisation
Suzlon	expense		691.82
Insurance Bonus		(201.01)
Interest received		(29.00)
Finance costs			(5.79)
		189,15

Forthe
year ended
March	2021
31,
21.59
932.16
(21.01)
205.29

Change

in

operating assets and liabilities

{Increase)/ decrease in loans

{Increase)/ decrease in Non Current Investments

(Increase)/ decrease In Other financial assets

(Increase)/ decrease in inventories

(Increase)/ decrease In trade receivables

{Increase)/ decrease in Other assets

Increase/

(decrease)

in

provisions and other liabilities

Increase/

(decrease) in

trade

payables

Cash

generated

from

Less :

Income taxes

operations

paid (net

of

refunds)

Net cash from

activities

(A)

operating

Cash Flows From

Investing Activities

Purchase of PPE

(including changes in CWIP)

Sale proceeds of PPE

(including changes

in

CWIP)

(Purchase)/ disposal proceeds of Investments

(Investments in)/

Maturity

of fixed

deposits

with banks

Interest income

Net cash used in

investing

activities

(B)

Cash Flows From

Financing Activities

Proceeds from/

Finance costs

(repayment of) long term

borrowings

Net cash from/

(used in) financing activities

(C)

Net

decrease in

cash and cash

equivalents (AtB+C)

Cash and cash

eguivalents

at

the

beginning of the financial

Cash and cash

equivalents at end ofthe

year

year

Notes:

1. The above cash flow statement has been prepared under indirect
2. Components of cash and cash equivalents

Balances with banks

-	in current accounts

Cash on hand	RGr,

657.63

100,50 (102.76) (71.30) (228.51) (75.83) (0.98) (52.50) 226.24 (2.30) 223.94

2.35

154.27 5.79 162.41

					(532.72)
					(114.70)
					(647.43)
					(261.08)
					382.04
					120.96
method	prescribed	in	Ind AS	7	"Cash Flow Statements",
					117.52
					3.44

1,138.03
9.50
(180.07)
279.58
262.96
(3.99)
63.77
(135.04)
1,434.75
(3.99)
1,430.76
(876.72)
102.19
21.01
-753.51
(279.55)
(205.29)
(484.84)
192.40
189.63
"382.04

378.69 3.35

2

120.96

382.04

INDOWIND ENERGY LIMITED
Regd Office: "Kothari			M.G. Road,
Buildings", 4"" Floor, 114,
Nungambakkam, Chennai	-	600 034.
Statement
of Audited Consolidated Finaneial Results for the		2022
		Quarter & Year ended March 31,

Particulars

1.. Income from Operations

(a) Revenue from operations

(b) Other income Total income

2.. Expenses

1. 1. Cost of materials consumed
   2. Purchases of stock-in-trade
   3. Changes in inventories of finished goods
2. Employee Benefits Expense
3. Finance costs

(D	Depreciation and amortisafion
expense

1. Other expenses Total expenses

1. Profit before exceptional items and tax (1-2)
2. Exceptional items
3. Profit/(Loss) before tax (3-4)
4. Income tax expense

1. Current tax
2. Deferred tax charge/ (credit)
   Total tax Expense
   7.. Profit/(Loss) for the period from continuing operations (5-6)

8.Profit/(Loss)	from	discontinuing
operations

1. Tax expenses of discontinuing operations
2. Profit/(Loss) from discontinuing operations (after tax (8-9)

il.	Profit/	(Loss)	for the	period
(7+10)

1. Minority interest
2. Profit/ (Loss) after Minority
   Interest (11-12)
3. Other Comprehensive Income Items that will be classified to profi t or loss

15.Total	comprehensive	income for
the
	Profit and other
year (Comprising
Comprehensive income for the
(13+14)			period)

16.. Paid-up equity share capital

(Face Value of Rs.10/- each)

17.. Earnings per equity shares

1. Basic (Rs.)
2. Diluted (Rs.)

(Audited) 31.03.2022

524.39 234.73 759.12

336.55

246.73

64.11 54.10

20.10

140.42 862.01

(102.89)

(102.89) 2.40 2.40 (105.29)

(105.29) (1.24) (104.05)

161.92

57.87

8974.14

0.06 0.06

Quarter ended
(Unaudited)	(Audited)
31.12.2021	31.03.2021

421.6274.36

0.65184.04

1. 258.40

1. 139.09

115.67 (207.93)

1. 59.96

35.1451.93

1. 105.01

1. 44.99

465.12193.05

(42.85)	65.35
(42.85)	65.35
	4.09
	4.09
(42.85)	61.26

(42.85)	61.26
01.21)	3.39
(21.64)	57.87

(21.64)	5787
8974.14	8974.14
(0.02)	0.06
(0.02)	0.06

	(Rs. in Lakhs)
Year ended
(Audited)
31.03.2022	31.03.2021
2,455.56	1,860.90

243.99 206.36

2,699.55 2,067.26

1,088.55

824.89

1. (378.42)

1. 220.21

1. 1. 205.29
2. 932.16

372.30 237.16

2,684.41 2,041.30

1. 1. 25.97
2. 25.97
3. 1. 4.09

2.404.09

12.7421.88

12.7421.88

0.190.18

12.5521.70

161.92

174.47 21.70

8974.14 8974.14

0.190.02

0.190.02

AN