General information about company | |
| Scrip code | 505036 |
| NSE Symbol | |
| MSEI Symbol | |
| ISIN* | INE451C01013 |
| Name of company | Automobile Corporation of Goa Limited |
| Type of company | |
| Class of security | Equity |
| Date of start of financial year | 01-04-2022 |
| Date of end of financial year | 31-03-2023 |
| Date of board meeting when results were approved | 19-07-2022 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 01-07-2022 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 19-07-2022 11:15 |
| End date and time of board meeting | 19-07-2022 01:10 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
Financial Results – Ind-AS | |||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-04-2022 | 01-04-2022 |
| B | Date of end of reporting period | 30-06-2022 | 30-06-2022 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 14168.24 | 14168.24 | |
| Other income | 152.73 | 152.73 | |
| Total income | 14320.97 | 14320.97 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 10722.37 | 10722.37 |
| (b) | Purchases of stock-in-trade | 0 | 0 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | -697.72 | -697.72 |
| (d) | Employee benefit expense | 1174.29 | 1174.29 |
| (e) | Finance costs | 1.89 | 1.89 |
| (f) | Depreciation, depletion and amortisation expense | 116.29 | 116.29 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1950.82 | 1950.82 |
| 10 | |||
| Total other expenses | 1950.82 | 1950.82 | |
| Total expenses | 13267.94 | 13267.94 | |
Financial Results – Ind-AS | |||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-04-2022 | 01-04-2022 |
| B | Date of end of reporting period | 30-06-2022 | 30-06-2022 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 3 | Total profit before exceptional items and tax | 1053.03 | 1053.03 |
| 4 | Exceptional items | 85.89 | 85.89 |
| 5 | Total profit before tax | 1138.92 | 1138.92 |
| 7 | Tax expense | ||
| 8 | Current tax | 83.13 | 83.13 |
| 9 | Deferred tax | 227.32 | 227.32 |
| 10 | Total tax expenses | 310.45 | 310.45 |
| 11 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | 0 |
| 14 | Net Profit Loss for the period from continuing operations | 828.47 | 828.47 |
| 15 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 16 | Tax expense of discontinued operations | 0 | 0 |
| 17 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 19 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | 0 |
| 21 | Total profit (loss) for period | 828.47 | 828.47 |
Financial Results – Ind-AS | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-04-2022 | 01-04-2022 |
| B | Date of end of reporting period | 30-06-2022 | 30-06-2022 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement (losses) and gains on defined benefit obligations | -93.4 | -93.4 |
| Total Amount of items that will not be reclassified to profit and loss | -93.4 | -93.4 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | -23.51 | -23.51 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| 5 | Total Other comprehensive income | -69.89 | -69.89 |
Financial Results – Ind-AS | |||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-04-2022 | 01-04-2022 |
| B | Date of end of reporting period | 30-06-2022 | 30-06-2022 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 23 | Total Comprehensive Income for the period | 758.58 | 758.58 |
| 24 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 25 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0 | 0 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0 | 0 | |
| 26 | Details of equity share capital | ||
| Paid-up equity share capital | 608.86 | 608.86 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 28 | Reserves excluding revaluation reserve | ||
| 29 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 13.61 | 13.61 | |
| Diluted earnings (loss) per share from continuing operations | 13.61 | 13.61 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 13.61 | 13.61 | |
| Diluted earnings (loss) per share from discontinued operations | 13.61 | 13.61 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 27.22 | 27.22 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 27.22 | 27.22 | |
| 30 | Debt equity ratio | ||
| 31 | Debt service coverage ratio | ||
| 32 | Interest service coverage ratio | ||
| 33 | Disclosure of notes on financial results | Textual Information(1) | |
Text Block | |
| Textual Information(1) | Notes 1. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19 July 2022. The statutory auditors have expressed an unmodified audit opinion on these results. 2. Exceptional item:- The fire incidence took place on 8 February 2022 at Plant 1 of Goa which had affected the main stores and some property, plant and equipment. The Company had lodged the claim with the Insurance Company and accordingly reported the exceptional loss of Rs. 594.22 Lakhs (after netting-off of interim payment received from insurance company of Rs. 200 Lakhs) in the previous quarter ended 31 March 2022. During the current period, the Company has further received the second interim payment of Rs. 200 Lakhs and accordingly recognised exceptional income of Rs. 85.89 Lakhs (after netting-off of expenditure in relation to repairs of such assets amounting to Rs. 114.11 lakhs). 3. Current tax expense includes tax for earlier years amounting to Rs. nil [(quarter ended 31 March 2022 - Rs. 3.15 lakhs) (quarter ended 30 June 2021 - Rs. nil) (year ended 31 March 2022 - Rs.3.15 Lakhs)]. 4. The Company received approval from BSE on 02 May 2022 approving the reclassification of EDC Limited from "Promoter shareholder" to "Public shareholding" pursuant to the Regulation 31(A) of Listing Regulations as amended and other applicable provisions. The Company has taken the same on record and given effect of such reclassification as required. 5. The figures for the quarter ended 31 March 2022 are the balancing figures between the audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the respective financial year. 6. The companies PF Trust "Automobile Corporation of Goa Ltd. Employees Provident Fund Trust" which was managed by the Company, had applied for surrender on 26 March 2021 and received the order from EPFO on 26 March 2021 to comply as an un-exempted establishment w.e.f... 01 April 2021. On 06 September 2021, the Company received an order from the Goa Regional P.F. Commissioner, which states that the establishment has not violated any terms and condition of grant of exemption under Appendix A of para 27AA of the E.P.F Scheme, 1952. As a result of which the Company had written back an amount of Rs. 226.96 lakhs in the previous year. For Automobile Corporation of Goa Limited Place: Mumbai, Maharashtra CEO & Executive Director Dated: 19 July 2022 DIN 07042391 |
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| Date of start of reporting period | 01-04-2022 | 01-04-2022 | |
| Date of end of reporting period | 30-06-2022 | 30-06-2022 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Standalone | Standalone | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| 1 | Pressing segment | 1866.45 | 1866.45 |
| 2 | Bus body segment | 12301.79 | 12301.79 |
| Total Segment Revenue | 14168.24 | 14168.24 | |
| Less: Inter segment revenue | |||
| Revenue from operations | 14168.24 | 14168.24 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Pressing segment | 78.4 | 78.4 |
| 2 | Bus body segment | 1001.97 | 1001.97 |
| Total Profit before tax | 1080.37 | 1080.37 | |
| i. Finance cost | 0.68 | 0.68 | |
| ii. Other Unallocable Expenditure net off Unallocable income | -59.23 | -59.23 | |
| Profit before tax | 1138.92 | 1138.92 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Pressing segment | 4213.04 | 4213.04 |
| 2 | Bus body segment | 12927.73 | 12927.73 |
| Total Segment Asset | 17140.77 | 17140.77 | |
| Un-allocable Assets | 13291.26 | 13291.26 | |
| Net Segment Asset | 30432.03 | 30432.03 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Pressing segment | 1534.81 | 1534.81 |
| 2 | Bus body segment | 11050.58 | 11050.58 |
| Total Segment Liabilities | 12585.39 | 12585.39 | |
| Un-allocable Liabilities | 195.38 | 195.38 | |
| Net Segment Liabilities | 12780.77 | 12780.77 | |
| Disclosure of notes on segments | |||