Ismail Industries : Transmission of Quarterly and Nine-Months Financial Statements for the Period Ended March 31, 2022

QUARTERLY REPORT

MARCH 31, 2022

TABLE OF CONTENTS

Company Profile ................................................................................................... 02

Director's Review Report (Eng & Urdu) ..................................................... 03-04

Unconsolidated Condensed Interim Statement of Financial Position ................. 06

Unconsolidated Condensed Interim Statement of Profit or Loss &

Other Comprehensive Income ............................................................................. 07

Unconsolidated Condensed Interim Statement of Changes in Equity ................. 08

Unconsolidated Condensed Interim Statement of Cash Flows ............................ 09

Notes to The Unconsolidated Condensed Interim Financial Statements ....... 10-19

Consolidated Condensed Interim Statement of Financial Position ................. 22

Consolidated Condensed Interim Statement of Profit or Loss &

Other Comprehensive Income ............................................................................. 23

Consolidated Condensed Interim Statement of Changes in Equity ................. 24

Consolidated Condensed Interim Statement of Cash Flows ................................ 25

Notes to The Consolidated Condensed Interim Financial Statements ....... 26-34

COMPANY PROFILE

Board of Directors

Mr. Muhammad M. Ismail Mr. Munsarim Saifullah Mr. Ahmed Muhammad Mr. Maqsood Ismail Mr. M. Zubair Motiwala Ms. Tasneem Yusuf

Audit Committee Members Ms. Tasneem Yusuf

Mr. Muhammad M. Ismail Mr. Maqsood IsmailRegistered Office 17, Bangalore Town,Chairman

Chief Executive Officer Executive Director Non-Executive Director Independent Director Independent DirectorChairperson Member Member

Main Shahrah-e-Faisal, Karachi

Factories

Unit-1: C-230, Hub H.I.T.E., Balochistan, Pakistan.

Unit -2: B-140, Hub H.I.T.E., Balochistan, Pakistan.

Unit-3: G-1, Hub H.I.T.E., Balochistan, Pakistan.

Unit-4: G-22, Hub H.I.T.E., Balochistan, Pakistan.

Unit-5: 38-C, Sundar Industrial Estate Raiwind Road, Lahore, Pakistan.

Unit-6: D-91,D-92 & D-94 North Western Zone, Port Qasim, Karachi, Sindh, Pakistan.

Unit-7: E164-168, North Western Zone, Port Qasim, Karachi, Sindh, Pakistan.

Unit-8: E154-157, North Western Zone, Port Qasim, Karachi, Sindh, Pakistan.

Unit-9: G-1, Hub H.I.T.E., Balochistan, Pakistan.

Human Resource & Remuneration Committee

Mr. M. Zubair Motiwala Mr. Maqsood IsmailChairman Member

Company Secretary Mr. Ghulam Farooq

Chief Financial Officer Mr. Abdul Qadir

Auditor

Grant Thornton Anjum Rahman Chartered Accountants

Legal Advisor Mohsin Tayebaly& Co.

Share Registrar

THK Associates (Pvt.) Limited

Bankers / Institutions Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Bank Al-Habib LimitedBank Islami Pakistan Limited

Dubai Islamic Bank (Pakistan) Limited Faysal Bank Limited

Habib Bank Limited

Habib Metropolitan Bank Limited

Industrial & Commercial Bank of China Limited JS Bank Limited

MCB Bank Limited

MCB Islamic Bank Limited Meezan Bank Limited National Bank of Pakistan

PAIR Investment Company Limited Pak Brunei Investment Co Ltd

Pak Oman Investment Co. Ltd Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited The Bank of Punjab

ISMAIL INDUSTRIES LIMITED QUARTERLY REPORT MARCH 31, 2022

DIRECTOR'S REVIEW REPORT

The Board of Directors of the Company are pleased to present the standalone and consolidated un-audited condensed interim financial statements of the Company for the quarter and nine months period ended March 31, 2022. The overview on Company's performance during the period under review is here under:

Gross Sale	49,280	35,276	40%
Gross Profit	7,478	5,920	26%
Operating Profit	3,089	1,933	60%
Profit after tax	1,898	1,501	26%
EPS in Rs.	28.60	22.62	26%

The Pakistan's economy is still on the path of its struggling to the recovery despite the current account deficits, depreciating currency, reduction in foreign exchange reserves and rising inflation . However, inflationary trends on the back of increasing international commodity prices along with the upward trend of interest rates does pose certain uncertainties which may impact the consumer spending. However, the Company has successfully ended its nine months periodwith encouraging financial performance based on strong growth in sales and earnings.

The growth momentum continued as the Company reported 40% increase in gross saleand26% in profit after tax for the period under review versus same period of last year. This has been achievedthrough volumetric growth from its existing customers and further exploring local and international markets. We are very much optimistic about substantial growth in capitalizing our strong brand equity and a highly committed workforce along with focus on R&D, product management and continuous initiatives for operational excellence.

The Company will keep its focus on diversification,

vertical and horizontal integration, technological advancement and transformation and informed portfolio investment and this will lead for the strategic decision making of the Board of Directors. Equity investment in Subsidiary Company, M/s. Ismail Resin (Private) Limited and capital investment for flour mill will hedge the Company from future supply chain shocks and upside risk of inflation.

FUTURE OUTLOOK

Improvements in business environment will largely depends on the economic policies of the government and the implementation of key reforms. We foresee that the current recorded high commodity prices, increasing interest rate, and global supplychain disruptions will continue in upcoming periods, and likely to keep the inflation trend at an elevated level. The management is closely monitoring the evolving economic situation and analyzing its impact over Company's performance, while concentrating on consistency and sustainability in business operations and preserving the value of stakeholders through capitalizing its rich experience and business understanding.

ACKNOWLEDGEMENT

The Board of Directors expresses their gratitude and heartfelt appreciation to all stakeholders for confidence, continued support and encouragement.

On behalf of the Board of Directors

Munsarim Saifullah

Chief Executive Officer

Karachi: April 22, 2022

Maqsood Ismail

Director

202231

40%	35,276	49,280
26%	5,920	7,478
60%	1,933	3,089
26%	1,501	1,898
26%	22.62	28.60

40%26%