Balrampur Chini Mills : Outcome of the Board Meeting (Unaudited Financial Results for the Quarter and half-year ended 30th September, 2017).

BALRAMPUR CHINI MILLS LIMITED

REGO. OFF. :"FMC FORTUNA" 2ND FLOOR , 23413A, A. J. C. BOSE ROAD, KOLKATA- 700 020 PHONE : [phone] FAX : (033) 22873083122808874 GRAM : BALSUCO, CALCUITA

Email : [e-mail] • Internet Website http : I I www.chini.com • CIN - L15421WB1975PLC030118

7th November, 2017

National Stock Exchange of India Limited Listing Deptt., Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E) Mumbai- 400051	BSE Limited The Corporate Relationship Department 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai- 400001	The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata -700 00 I
Scrip Code: BALRAMCHIN	Scrip Code: 500038	Scrip Code: 12012

Dear Sir/ Madam,

Sub: Outcome of the Board Meeti n g

We wish to inform you that the Board of Directors of the Company at its meeting held today, that is, 7th November , 2017, has, inter-alia,

1. Considered and approved Standalone Unaudited Financial Results for the Quarter and half-year ended 30th September, 2017.

In this regard, we are enclosing herewith the Standalone Unaud ited Financial Results of the Company for the Quarter and half-year ended 30th September, 2017, along with the Limited Review Report issued by the Statutory Auditors of the Company.

11. Approved the appointment of Shri Manoj Kumar Banthia, of Mis. MKB & Associates (Membership umber- 11470, CP Number- 7596) as the Secretarial Auditor of the Company for the financial year 2017-18.

Brief Profile:

Thanking you, Yours faithfully,

For Balrampur Chini Mills Limited

l'B 0t7

Nitin Bagari (Company Se etary)

LODHA

&CO

Chartered Accountants

The Board of Directors Balrampur Chini Mills Limited

14 Government Place East, Kolkata 700 069. India Telephone • 033-2248-1 111/ I507/6962

Telefax 033 2248-6960

Email cal@lodhaco corn

1. We have reviewed the accompanying statement of Unaudited Financial Results of Balrampur Chini Mills Limited ('the Company') for the quarter and six months ended on September 30, 2017 ('the Statement'). The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 ('the SEBI Regulations'), read with SEBI Circular No. CIR/CFD/ FAC/62/2016 dated July 5, 2016 which has been initialed by us for the purpose of identification.

2. This Statement which is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on November 7, 2017 has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, we report that, nothing has come to our attention that causes us to believe that the accompanying Statement read with notes thereon, prepared in accordance with aforesaid Indian Accounting Standards and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/ 2016 dated July 5, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. (a) The comparative Ind AS financial information of the Company for the corresponding quarter ended June 30, 2017 and quarter/ six months ended September 30, 2016 were reviewed by the predecessor auditor who expressed unmodified opinion vide their reports dated July 31, 2017 and November 15, 2016 respectively.

(b) The Ind AS financial statements of the Company for the year ended March 31, 2017 were audited by predecessor auditor who expressed unmodified opinion vide their report dated May 27, 2017.

Our conclusion is not modified in respect of these matters.

Place of Signature: Kolkata Date: 7th November, 2017

For Lodha & Co Chartered Accountants

Firm's ICAI Registration No. 301051E

R.P . """2

(CA. R.P. Singh)

Partner Membership No. 052438

PART-1

BALRAMPUR CHINI MILLS LIMITED

.....

Regd . Orffee: 2:W lA., A.J.C. BoM Road, FMC Fortuna, 2nd Floor, Kolkaui - 700020

stat•rn•rw o, ln-Fjnanr,a, ,

CIN • L15421WB1975PLC03011& , Phone No.[phone] , Fu: No.(O;J3) 22873083122808874

E""'1ail:bcml e bcml.ln- Website :www.chinl.com

·1_na ,., ·ended 30/09/2017

(

3 months Preceding Corresponding 6 months Corresponding Year

SI. Pairtk::ular.s ended 3 months ended 3 months ended ended 6 months ended ended

No. 30/09/2017 30/06/2017 30/09/2016 30/09/2017 30/09/2016 31/03/2017

in the previous in the prev,ous

vear vear

IUnaudited) runaudlted) tunaudrted) fUnaudited) (Unaudited) (Audited)

1 Revenue from operations (Refer Note no 2) 123684 113645 93722 237329 176405 364100

2 Other income 374696425 1070 9392494

TotalIncome 124058 114341 94147 238399 1n344 366594

3 Expenses

a) Cost of materials consumed 320 20036 312 20356 4994 257685

b} Excise duty on sale of goods (Refer Note no.2} 5818 4974 5818 8728 18086 c} Changesin inventories of finished goods,by-products and

work-in-pr()Slress 100708 59241 63361 159949 112391 (41952)

d) Employee benefits expense 4559 4219 3734 8778 714318091

e) Finance costs 1271 26371195 3908 3314 5543

O Depreciation and amortisat on expense 2366 2382 2736 4748 5414 10494

IQ) Other exoenses 3725 3659 4087 7384 7303 25232

Total expenses 112949 97992 80399 210941 149287 293179

-

4 Profit before exceptionalitems and tax (1+2-3) 11109 16349 137482745828057 73416

5 Exceptional items

6 Profit before taJt (4-5) 11109 16349 13748 27458 2805773415

7 Tax expense

Current Tax 2368 3494 2936 5860 5989 15788

Deferred Tax 504 855 213 1359 398 (1602)

8 Profit for the period/ year (6-7) 8239 12000 10600 20239 21670 59229

1. Other comprehensive Income (OCI)

2. Items that will not be reclassified to profit orloss (32)(34) (1) (66)(1) (555) (ii) Income tax relating to Items that will not be 212 14 192

   reclassified to profit or loss

   Other comprehensiveincome for the period/ year (30)(22) (1) (52) (1) (363)

3. Total ComprehensiveIncome for the period/ year (8 + 9) 820911978 10599 20187 21669 58866

4. II Paid- up Equ ty share capital 235023502450 235024502350 (Face value of t 1/- eaeh)

   12 Other Equity 151n5

   (Aa at 31/03/2017)

   lJ Earnings per share (Before & after extraordinary Items)

   (of,1/-each) (not annualised for quarterly and half yearly figures):

   a) Basic('() 3.61 5.11 4.33 8.61 8.85 24.26

   b) Diluted ('() 3.51 5.11 4.33 8.61 8.84 24.25

   Unaudited Standalone :,eament Wise Revenue Results Assets and Uabllltles for the Quarter and Six months ended 30/09/2017

   (UCO)

   3 months Preceding Corresponding 6 months Corresponding Year

   SI. Particulars enct.d 3 months ended 3 months ended ended 6 months ended ended

   No. 30/09/2017 30/06/2017 30/09/2016 30/09/2017 30/09/2016 31/03/2017

   inthe previous inthe previous

   vear vear

   fUnauditedl {Unaudited) (Unaudited) fUnauditedl (Unaudited) {Audited}

   I Segment Revenue

   a) Sugar 117825 10023784743 218062 157244 336959

   b) Co-generation 2496 9450 1751 11946 795444368

   c) Distillery 5755 10831 10520 16586 18539 32676

   dlOthers

   Total 126076 120518 97014 246594 183737 414003

   Less: Inter Segment Revenue 2392 6873 3292 9265 7332 49903

   Revenue from ooerations 123684 113645 93722 237329 176405 364100

   2 Segment Results - Profit /(Loss) before tax,finance costs

   and Exceptional Items

   12011	13992	11984	26003	22322	55767
   (203)	2666	(490)	2463	1639	15768
   1412	3443	4189	4855	8443	11793
   (2)	{2)	(196)
   13220	20101	15661	33321	32402	83133
   1271	2637	1195	3908	3314	5543
   840	1115	738	1955	1031	4175
   11109	16349	13748	27458	28057	73415
   134939	228730	144486	134939	144486	299263
   64695	69112	61552	64695	61552	69066
   20967	23872	23890	20967	23890	23730
   188	143.00	92	188	92
   7564	6527	11420	7564	11420	7485
   228353	328384	241440	228353	241440	399544
   10448	10973	11413	10448	11413	47881
   1524	1609	1828	1524	1628	1978
   1300	1269	1620	1300	1620	1382
   17	52	22	17	22
   47810	148376	91715	47810	91715	194178
   61099	162279	106598	61099	106598	245419

5. Sugar

6. Co-generation

7. Distlllery d Others Total

Less i. Finance costs

ii. Other un-allocable exoondlture net of Un-allocableincome

3 Proftt before tax Segment Assets

1. Sugar

2. Co-generation

3. Distillery

4. Others

5. Unallocable

Total Segment Liabilities

1. Sugar

2. Co-generat on

3. Dist llery

4. Others

5. Unallocable

Total

Based on the nature of bus ness act vrty,the Company has Identified sugar,co-generation, distillery and others as repor1able segments

•

BALRAMPUR CHINI MILLS LIMITED

Regd. Office: '234/ 3A, A.J.C. Bose Road, FMC Fortuna, 2nd Aoor, Kolkata - 700020

I

CIN - L15421WB1975PLC030118, Phone No. [phone], Fax No. [phone]/ 22808874

E-mail: bcml @ bc:ml .in- Website :www.chini.com I

Statement of Standalone Assets and Liabilities

As at As at

ln Lacs]

SL Particu lars 30/09/2017 31/03/2017

No.

A ASSETS

1 Non - current assets

1. Property , plant and eq uipment

2. Capital work-in-progress

3. Intangible assets

4. Financial assets

5. Investments

6. Other financial assets

7. Non-current tax assets (net)

8. f) Other non - current assets

   (U naudit ed) (Audited)

   136598	140950
   9100	613
   232	280
   4551	4502
   335	143
   102	102
   1199	954
   Sub total - Non- Current Assets	152117	147544

   2 Current assets

9. Inventories 54065 231363

10. Biological assets 38 13

11. Financial assets

    i) Trade and other receivables	17437	16277
    ii) Cash and cash equiva lents	252	203
    iii) Bank balances other than cash and cash equivalents	283	246

12. Loans 30 957

13. Other financial assets 491 310

14. Current Tax Assets (net) 958 -

15. Other Current assets 2682 2631

16. Sub total - Current Assets	76236	252000
    TOTAL - ASSETS	228353	399544

    3 Assets classified as held for sale - * -

    B EQUITY AND LIABILITIES

    1 Equity

17. Equity share capital 2350 2350

18. Other equity 164903 151775

2 Liabilities

Non - current liabilities

1. Financial liabilities

   Sub total - Equity 167253 154125

2. Borrowings 8137 12431

3. Other financial liabilities 306 459

4. Government grants 148 152

5. Provisions 344 318

6. Deferred tax Liabilities (net) 15699 14340

   28	28
   Sub total - Non - Current Liabilities	24662	27728

7. Other non-cu rrent liabilities

8. Current liabilities

9. Financial liabilities

10. Borrowings 14729 157744

11. Trade and other payables 4754 29538

    b) Government grants	7	7
    c) Other current Liabilities	4193	15853

12. Other financial lia bilities 12326 14221

13. d) Provisions 429 328

    Sub total - Current Liabilities 36438 217691

    - { r, :.-..,...........

    . .

    ffa"EXi:- y ANQ BIUTJES 228353399544

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