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Hawkins Cooker Ltd. — Earnings Release 2022
Nov 10, 2021
64222_rns_2021-11-10_94c19ce6-1655-47ea-af79-3be29509fdc7.pdf
Earnings Release
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November 10, 2021
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400001
Dear Sirs,
Sub: Unaudited Financial Results for the quarter and half-year ended September 30, 2021.
- Further to our letter dated October 18, 2021, please find enclosed herewith the following:
i) A copy of the Unaudited Financial Results for the quarter and half-year ended September 30, 2021, duly approved by the Board, along with the Limited Review Report dated November 10, 2021, of our Statutory Auditors, Kalyaniwalla & Mistry LLP, Mumbai, for the said quarter and half-year ended September 30, 2021.
ii) A copy of the Extract of the Unaudited Financial Results for the quarter and half-year ended September 30, 2021, duly approved by the Board to be published in the newspapers.
- The Board Meeting commenced at 11:30 am and post the approval of the above, the meeting will continue till its scheduled time.
Thanking you,
Yours faithfully, for Hawkins Cookers Limited
Neha Maheshwari Assistant Company Secretary
Enclosures: As above
CC: National Securities Depository Limited Trade World, 4th Floor Kamala Mills Compound Senapati Bapat Marg, Lower Parel Mumbai 400013.
CC: Central Depository Services (India) Limited 25th Floor, Marathon Futurex N M Joshi Marg, Lower Parel (E), Mumbai 400013.
Maker Tower, F101, Cuffe Parade, P.O. Box 16083, Mumbai (Bombay) 400 005. India Corporate Identity Number: L28997MH1959PLC011304 Email: [email protected] Phone: (91 22) 2218 6607, 4242 5200 Fax: (91 22) 2218 1190 www.hawkinscookers.com
| Hawkins Cookers Ltd. | STATEMENT OF ASSETS | As at | STATEMENT | HALF YEAR ENDED | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AND.LIAB1Ll1lES (Rs. CRORES) |
(Unaudited) (Audited) Sep. 30, Mar, 31, 2021 |
2021 | OF CASH FLOWS (Rs. CRORES) |
Sep. 30, 2021 |
(Unaudited) Sep. 30, 2020 |
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| :Hawkin~) FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED |
Regd. Office: ,\,laker Tower F l 01, Cuffe Parade, Mumbai 4()(k)()5. Corporate ldentiry Number: l28997MH19591'LCOl 13(l4 Phone: 022-22186607, Fax: 022-22181 190 [email protected] O ww,v.hawkinscookers.com |
ASSETS l. Non-Curreot As.sets (a) l'roperry, Planr and Equipmenr (b) Capital work-in-progress |
47.03 2.39 |
38.92 2.78 |
A. Cash Flow from Operating Activities: Profir before tax Adjustments for: Depreciation and amortization expense Loss/(- ) Profit on sale of prop <riy plan,<="" th=""> | 58.26 3.19 - 0.01 | 43.80 2.47 0.00 |
58.26 3.19 - 0.01 |
43.80 2.47 0.00 |
|||||||||
| (Rs. CRORRS) I | QUARTER ENDED | SEPTEMBER 30, 2021 HALF YEAR ENDED YLIRENDW |
(c) Intangible assets (.d) Financial Assets |
0.09 | 0.09 | and equipment (net) I meres1· income Finance co.srs |
-3.61 | -2.22 2.34 |
||||||||||
| Una.udited Sep.2021 Jun.2021 Scp.2020 Scp.2021 S.p.2020 Mar.202 1 |
Unaudited | Audited | (i) Investments (ii) Orhcrs non•currenr financial .1s.sels |
0.00 1.33 |
0.00 11.10 |
Obring profit before ,-,,ricing capiral d1anges | 3.55 61.38 |
46.39 | ||||||||||
| (e) Non-current tax asseL< (net) | 2.09 | 2.09 | C 13ngcs in working capita.I | |||||||||||||||
| 1. Revenue from operations (net of discounts) | 266.19 | 151.45 | 193.20 | 417 .64 294.C•O | 768.46 | (f) Deferred tax assets (net) | 0.76 | 0.86 | Adjustmems fur (- ) inCrC'.a.sc/dccrease in opera1 i og assets |
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| 2 Other i nconie | 1.57 | 2.07 | 1.76 | 3.65 | 2S | 7.32 | (g) Other non~currenr as.sets | 4.91 | 3.65 | Inventories | - 51.88 | 66.08 | ||||||
| 3. Total Revenue (I + 2) | 267.77 | 153.52 | 194.96 421.2 9 2 96.57 | 775.78 | Su.btotal - Non-Current Assets | 58.60 | 59.49 | Trade receivables | - 16.14 | 5.50 | ||||||||
| 4. Expenses | 2. Cu rrca1 Assets | Ocher cunen, financial assets | - 0.32 | - 0.35 | ||||||||||||||
| a) Cost of marerials consumed | 94.97 | 75.60 | 58.55 | 170.57 | 71.61> | 246.11 | (a) I nvemorics | 149.06 | 97.18 | Other current assets | - 10.18 | 11.03 | ||||||
| b) Purchases of stock-in-trade | 40.57 | 27.44 | 20.24 | 68.01 | 26.25 | 83.85 | (b) Financial Assets | Ocher non-curre1H financial assets | 9.77 | -23.93 | ||||||||
| c) C hanges in inventories offinished goods. work-in-progress and stock-in-trade |
-0.68 | -39.68 | 12.60 | -40.36 | 54.27 | 35.23 | (i) Tr;de receiv.tbles | 56.15 | 40.00 | Other non-currC"nt assets | 0.03 | 0.00 | ||||||
| d) Employee benefits expe nse | 25.05 | 26.21 | 100.95 | (ii) Cash and cash c:quivalcnrs | Adjustments for increase/(- ) decrease in oper.1ting liabilities |
|||||||||||||
| 28.37 | 53.41 | 43.0 8 2.3-> |
3.20 | 21.34 | Trade payables | 2.21 | 5.98 | |||||||||||
| e) Finance costs f) Depreciation and amonfaarion expense |
1.79 | 1.77 | 0.97 | 3.55 | 2.4" | 4.73 | (iii) Bank balanc~ other than above | 80.95 | 145.75 | Non-current provisio n for | ||||||||
| g) Other expenses | 1.66 | 1.53 | 1.22 | 3.19 | 52 .T' | 5.33 | (iv) 01he:rs currem financial assers | 4.99 | 5.23 | compC"nsatcd absences | 0.26 | 0.89 | ||||||
| Total Expenses | 65.86 232.54 |
38.79 | 39.55 | 104.65 | .03 252."7 | 191.50 | (c) Other cu rrcnt assc-ts | 33.24 | 23.06 | Current provision for | ||||||||
| 130.49 23 .03 |
159.35 3 5.61 |
363 58.26 |
43 .80 | 667.72 108.06 |
SubtotaJ - Cu.rrent Asseu | 327.58 332.56 | compensated absences Other current financial liabilifies |
0.14 | - 0,12 0.65 |
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| 5. Profit before exceptional and/or Extraordinary it~m• and T= (3 - 4) |
3 5.23 | Total Assets | 386.18 392.04 | O rlier currenr liahiliric~ | 3.53 -14.11 |
14.RI | ||||||||||||
| 6. Exceptional and/or Exrraordina.ry irems | NIL | NIL | NIL | NIL | N n | EQUIT Y AND LIADLLITIES | Cash generated from Operations | - 15.31 | 126.94 | |||||||||
| 7 . Profit before Tax (5 - 6) | 35.23 | 23.03 | 35.61 | 58.26 | 43.80 | I NIL 108.06 |
Equity | Income taxes paid (net) | - 11.06 | -9.36 | ||||||||
| 8. Tax Expense | (a) Equity Share capital | 5.29 | 5.29 | Net Cb Flow from/(-) used in | -26.36 | 1.17.58 | ||||||||||||
| a) Current Tax | 8 .86 | 9 .2 1 | 14.65 | I 1.35 | 26.85 | (b) Ocher Equity | 167.68 | 172.34 | Ope.rating Activities (A) |
|||||||||
| b) Deferred Tax | 5.79 0.11 |
0 .4 1 | 0 .24 | 0.0 | 0.58 | Subtotal - Equiry | 172.97 | 177.62 | B. Cash Flow from Investing Activitfo.s: | |||||||||
| 9. Net Profit for the period alter Tax (7 - 8) | 0.1.~ 26.24 |
17 . 13 | 25.99 | 43 .37 | 32.-94 | I 80.64 |
LIABILITIES | Purchase of property, planr and equipment -12.22 | -3.88 | |||||||||
| 10. Other Comprehensive Income | I. Non-Current Liabilities | Sa.le of property, plane and equipment | 0.03 | 0.00 | ||||||||||||||
| Actuarial Gain/(-) Loss ou Defined Benefit Plan s | --0.21 | - 0.2 1 | --0.22 I -0.43 I --0.4 'i I --0.36 | (a) Financial Liabilities | Oecre.i.se/(-) l11cre.tsc in r.xed deposiu | 64.80 | -63.86 | |||||||||||
| (net of tax) (not co be reclassified to Profic or Loss) | (0 Borrowings | 30.01 | 23.06 | with banks I ncercst received |
||||||||||||||
| 11. Total Comprehensive Income for the period | 42.94 | 32.00 | 80.27 | (b) Provisions | 5.88 | 5.62 | Net Cash from/(-) used in | 4.17 56.78 |
1.86 -65.88 |
|||||||||
| (9 + 10) | 26.02 | 16.91 | 25.77 | Subtotal - Non-Current Liabilities | 35.89 | 28.68 | Investing Activities (B) | |||||||||||
| 12. Paid-up equii share capir.1.I (Face value o Rs. l O per share) |
5.29 | 5.29 | 5.29 | 5.29 | 5.2" | 5.29 | 2. Current Liabilities (a) Fina.ndal Liabilities |
C. Cash Plow from Financing Activities: finance coses paid |
-3.99 | -1.58 | ||||||||
| I 3. Reserves, excluding Revaluation R,,;e.rves (as shown 172.34 in the preceding/completed year-end Balance Sheet) |
I 72.34 | 134.37 | 172.34 | 134. :7 | 172.34 | (i) Borrowings (ii) Trade payables |
10.30 | 14.47 | Dividend paid Proceed, from fixed deposits |
-47.35 5.82 |
-42.21 6.24 |
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| 14. Earnings per equity share | 49.62 | 32.39 | 49.16 | 82.01 | 61.3'i | 152.49 | To micro and small cntcrprise-s | 13.50 | 7.75 | Repayrnt-m of fixetl deposi1s | -4.97 | -l.92 | ||||||
| in It,. not annualised for inrerim periods | To od1cr rhan micro & small enterprises | 65.27 | 68.81 | Net Cash used in financing Activities (C) - | 50.49 -39.48 | |||||||||||||
| (Per share of Rs. l O e.ach, Basic and Diluted) | (iii) Other currcm financial li.ibilirics | 18.80 | 11.91 | Net Increase/(- ) Decrease in Cash and | - 20.07 | 12.21 | ||||||||||||
| re appro,·cd at the meeting of the lloard of Directo NOTES: I. These results we |
rs held on November 0, 2021. 2. All | (b) Ocher curr <nt liabilities<="" td=""> | 33.11 | 47.22 | (A+ B+ Cash Equivalents C) Cash and cash equivalems at ,he | 33.11 | 47.22 | (A+ B+ Cash Equivalents C) Cash and cash equivalems at ,he |
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| (c) l' rovisions | 1.48 | 1.34 | commencement of the half year (D) | 21.34 | -8.06 | |||||||||||||
| operations of the Company are back ro normal except the Mumbai Offices which operate a | t the permitted strength. | (d) Current Tax Liabilirics (net) | /4.85 | 1.25 | Cash and cash cquiv-Alcnts as at rhc | |||||||||||||
| Required p recautions arc being followed. 3. The Company operates in a single segment: manufacture, t.raumg and sale of | end of the half year (E) |
1.27 | 4.16 |
Required p recautions arc being followed. 3. The Company operates in a single segment: manufacture, t.raumg and sale of Kitchenware. 4. As required under Regulatio n 33 of SEBI (Listing Oblig,itio ns and Disclosure Requirements) Regulations, 2015, as amended, the Limited Review by the Srmutory Audito rs has been complc1ed and l he Unmodified Report forwarded to BSE Ltd. The soid Report does not hove any impact on the above results and Not. s which needs cxplanlrion. 5. Prcviou~ period~' figures hnvc been regrouped wherevc:.r necessary to conform l• 1hi~ period's ,classification. Certain figures apparently may nor add up because <>f_r<>unding o ff bur arc wholly accurnt<_in_rhcm~clves.
Mumbai N ovember JO, 2021
Subtolal -Curren I Liabililies 1'otal Equity a.nd Liabilities
177.32 185.74 386.18 392.04
O l / For Hawkins Cookers Limited oJlv . Sude ep Yadav Vice-Chairman & Cbicf Financial O fficer
Net Increase/(-) Decrease in Ca.sh a.nd -20.07 12.21
Cash Equivalents (E - D)
KALYANIWALLA & MISTRY LLP
CHARTERED ACCOUNTANTS
To, The Board of Directors Hawkins Cookers Limited
Maker Tower F I 01, Cuffe Parade, Mumbai - 400 005
LIMITED REVIEW REPORT
- l. We have reviewed the accompanying Statement of Unaudited Financial Results of Hawkins Cookers Limited ("the ComPafly"), for the quarter ended September 30,2021and for the period from April 01,2021 to September 30, 2021 ("the Statement"). This Statement which has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133of the Companies Act,2013, read with relevant rules issued thereunder, as applicable and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2ll5: as amended, is the responsibility of the Company's Management and has been approved by the Board of Directors. our responsibility is to issue a report on this Statement based on orr r.ri.*.
- We conducted our review of the Statement 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 Statemint is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 2.
- 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 applicable accounting standards and other recognized accounting practices and policies has not disciosed the informatiJn required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. J.
FoT KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS Firm tion Number 104607W/W100166
o,ul'
BHESANIA -1r Number 127355 UDIN No.: 21 I27355AAAAIS7540 Place: Mumbai Date: November 10,2027 ARHA PARTN Mem
| Hawkins Cookers Ltd. Regd. Off.: Maker Tower F 101, Cuffe Parade, Mumbai 400005. Corporate Identity Number: L28997MH1959PLC0I 1304 Hawkins Phone: 022-22186607, Fax:022-2218 1190 [email protected] D www.hawkinscookers.com |
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|---|---|---|---|---|---|---|---|---|---|---|
| EXTRACT OF THE FINANCIAL RESULTS |
Quarter Ended | Half Year | ||||||||
| IN Rs. CRORES Sep.2021 Sep.2020 | Sep.2021 | |||||||||
| 1) Total Income/Revenue from Operations (Net of Discounts) |
266.19 | 193.20 | 417.64 | |||||||
| 2) Net Profit for the period before Tax (before Exceptional and/or Extraordinary items) |
35.23 | 35.61 | 58.26 | |||||||
| 3) Net Profit for the period before Tax (after Exceptional and/or Extraordinary items) |
35.23 | 35.61 | 58.26 | |||||||
| 4) Net Profit for the period after Tax (after Exceptional and/or Extraordinary items) |
26.24 | 25.99 | 43.37 | |||||||
| 5) Total Comprehensive Income for the period [ Comprising Profit for the period after tax and Other Comprehensive Income (OCI) after tax] |
26.02 | 25.77 | 42.94 | |||||||
| 6) Paid up Equity Share Capital | 5.29 | 5.29 | 5.29 | |||||||
| 7) Reserves, excluding Revaluation Reserves (as shown in the preceding/completed year-end Balance Sheet) |
172.34 | 134.37 | 172.34 | |||||||
| 8) Earrungs Per Share m Rs. (Per share of Rs. 10 each, Basic and Diluted) |
49.62 | 49.16 | 82.01 |
1. All operations of the Company are back ro normal except rhe Mumbai offices which operate at the permitted strength. Required precautions are being followed. 2. The above is an extract of the detailed format of che Financial Results filed with BSE Led. under Regulation 33 of die SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, fo r che Quarter/Half Year ended September 30, 2021. The full format of rhe said Quarterly/Half Yearly Financial Results is available on the BSE Led. website www.bseindia.com and the Company's website www.hawkinscookers.com.
Mumbai For Hawkins Cookers Limited November 10, 2021 Sudeep Yadav, Vice-Chairman & Chief Financial Officer
