t

tries Ltd.

Gorporate Head Offlce:

74,Bajaj Bhavan,226 Rajani Patel Marg,
Nariman Point, Mumbai - 400 021 (lndia).
(91-22')22029U6 122029347 I 4OO50278
Fax No :(91-22122029347 / Email : sales@viratindustries.com
website : wwwviratindustries.com
Tef Nos.

ctN

VILM:1095:16:315

9 G J

9 0

1Oft

November,20I6

Deputy, General Manager

Stock Exchange ,Mumbai
Corporate Relation Ship Department
lst, Floor, New Trading Ring
Rotunda Building,P J Tower
Dalal Street,Fort
Mumbai - 400 023

RE : CODE No.530521
.Fax No. 22721072

Dear Sir,

Sub: Submission of Information

The Board of Directors of the Company, in its Meeting held on 1Oft November,2Ol6 and have
considered and taken on record the Un Audited Financial Results for the Six Months ended

30ft September'2016
Please find enclosed herewith the

following

1) Auditors Review Report for the Quarter

2)

ended 30s September'2016 duly signed by our

Auditor M/s Deloitte Haskins & Sells
UnAudited Financial Quarter Results as on 30fi September'2O16

You are requested to take the same on record.

Managing Director

Regd. Office & Factory

A-112, GIDC Industrial Estate, Kabilpore, Navsari-396 424, Gujarat (lNDlA)

Tef.:(91-2637) 265011 1265022l3258OS Fax:(9'l-2637) 265712, Email: factory@viratindustries.com

Deloitte
Haskins & Sells

Chartered Accountants
Tower 3. 27th - 32nd Floor
lndiabulls Finance Centre
Elphinstone Mill Compound
Senapati Bapat Marg
Elphinstone (w)
Mumbai - 400 013, India
Tel: +91 (022) 61 85 4000
Fax: +91(022) 6185 4501/4601

INDEPENDENT AT]DITOR'S REVIEW REPORT ON REVIEW OF INTBRIM

FINANCIAL RESULTS
TO THB BOARD OF DIRECTORS OF
VIRAT INDUSTRIES LIMITED

1.

We have reviewed the accompanying Statement of Standalone Unaudited Financial Results

of VIRAT INDUSTRIES LIMITED ("the Company") for the Quarter and half year ended
3010912016 ("the Statement"), being submitted by the Company pursuant to the

requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015. This Statement which is the responsibility of the
Company's Management and approved by the Board of Directors, has been prepared in
accordance with the recognition and measurement principles laid down in Accounting
Standard for Lrterim Financial Reporting (AS 25), prescribed under Section 133 of the
Companies Act, 2073 read with relevant rules issued thereunder and other accounting
principles generally accepted in India. Our responsibility is to issue a report on the
Statement based on our review.
2.

We conducted our review of the Statement in accordance with the Standard on Revrew
Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the
Lrdependent Auditor of the Entity', issued by the Institute of Chartered Accountants of
Lrdia. This Standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is 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.

a
J.

Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the
aforesaid Accounting Standards and other accounting principles generally accepted in
Lrdia, has not disclosed the information required to be disclosed in terms of Regulation 33
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

including the manner in which

it is to be disclosed, or that it

contains any material

misstatement.

DELOITTE HASKINS & SELLS

Chartered Accountants
(Firm's Registration No. 117364W)

FoT

.--l\
\i/l'/-\t
Kedar Raje
(Membership No. 102637)

MUMBAI.

10 November. 2016

VIRAT INDUSTRIES TIMITED

Regd.

Office: A-t12, clDC Industrial Estate, Kabilpore

Navsari
E-mail:

- 396 424, Gujarat.

factory@viratindustries.com

CtN NO. : L29199cJ1990pLC014514

Website : www.viratindustries.com

statement of standaloneUnaudited Financial Results

for the quarterandHalfyearEnded30/09/2016

(Rs. in takh)

Sr.

Pa

rticulars

No.

3 Months

Preceding

Corresponding

Ended

3 Months

3 Months

Ended

Ended in the

Previous Year

(Refer Notes Below)

Previous
Year
Ended

30-09-2016

30-06-2016

30-09-2015

30-09-2016

30-09-2015

31-03-2015

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Income From Operations

(a) Net sales/lncome from operations
(Net of Excise Duty)
(b) Other operating income

lotal Income from operations (net)

2

Year to date
Year to date
figures for the figures for the
current period
prevrous
period ended
ended

558.16

504.43

687.76

L,O72.59

1,244.21

2,339.68
235.47

48.06

52 29

58.36

100.3s

130.73

616.22

556.72

756.12

L,172.94

1,374.94

169.24

182.93

189 41

352.L7

431..72

823.04

50.99

142.64)

rro.25

8.35

26.32

(18.s2)

:xpenSeS
a) Cost of materials consumed

b) Changes in inventories offinished

goods, work in progress and stock in

trade
Ic) Emplovee benefits expense

104 23

L04.67

92.46

208.90

l-83.90

4r3.4'J.

Id) Depreciation expenses

26.94

26.76

27.s2

53.70

57.39

122.26

ie) Subcontracting (Processing Charges)

(f) Other expenses

L9.73

20.77

28.49

40.s0

94.82

L64.16

162.22

L73.36

173.46

335.58

345.13

682.83

Iotal Expenses

s33.35

465.85

62r.60

999.20

L,t39.28

2,L87.L8

82.87

on a-t

L34.52

773.74

235.66

387.91

L9.7L

L3.39

L3.17

33.10

34 03

64.09

102.58

LU4.2h

L47.69

zub.64

269.69

452.06

2.00

1.96

0.70

3.96

L87

3.89

100.58

102.30

145.99

202.88

267.82

448.11

27.30

50.u4

49.16

63.34

73.28

66.26

97.83

492.33

492.33

492.33

Profit from operations before other income

and finance costs (1 - 2)

fther Income

)rofit before finance cost ( 3 + 4

Finance costs

Profitbeforetax(5-6)

Tax Expenses

Net Profit aftertax ( 7 - 8

10
11

Paid -up equity share capital (Rs. 10 each)

90.47

L46.3s

L5J.J4

r77.35

301,.82

+J2.35

492.33

492.33

Reserve excluding Revaluation Reserves a:

988.84

per balance sheet of previous accountin

vear
L2

larning per share

(of Rs. 10 each) (not

- Basi<

lnnualised except for year ended)

lnd Diluted

149

1.35

1.98

2.83

5bu

6.13

Notes:

(1)

Statement of Assets and Liabilities

EQUITY AND IIABILITIES

1 Shareholder's Fund
a) Share capital

b) Reserve and surplus

Sub-Total-Shareholders Funds

2 Non Current Liabilities

a) Long-term borrowing
b) Deffered tax liabilities (net)
c) Long-term provisions

Sub-Total-Non Current

3 Current tiabilities
a) Short

term borrowings

b) Trade payables
c) Other current liabilities

d) Short term provisions

Sub-Total - Current
TOTAI-. EqUIY AND TIABILITIES
ASSETS

1 Non Current Assets

a) Fixed Assets

b) Non-current investments
c) Long-term loans and advances
d) Deffered Tax Assets (net)

Sub-Total - Non Current

2 Current Assets
a) Inventories
b) Trade receivables
c) Cash and cash equivalents

d) Short term loans and advances

e) Other current assets

Sub-Total - Current Assets

(2)

The above results were approved by the Board of Directors

at its meeting held on Lo/1,L/2ot6.In compliance with regulation 33
of sEBl
(Listing obligations and Disclosure Requirements)
Regulations,2oL5, the statutoryAuditors of the company
have carried out limited review
ofthe said results.

(3)

The company has paid dividend of Rs. 2'50 per equity share (face
value Rs. L0 per share) for the financial year 2015 -

ended 30/09/20L6.

(4)

1.6

during the quarter

The principal business of the company is of manufacturing

socks. All other activities of the company revolve around its
main business.
Hence' there is only one primary reportable business segment
as defined by Accounting standard 17 on ',segment Reporting,, prescribed
as
per Section 1.33 of the Companies Act, 20j.3.

necessary.
r Virat lndustries Limited

d*-)a

Adi F. Madan

Managing Director
DIN :00023529

Mumbai

Date:Il/1L/2Ot6

l/