o

ENERGY
BGR ENERGY SYSTEMS LIMITED

443 ANNA SALAI, TEYNAMPET, CHENNAI 6000I8 INDIA

TEL: 91 44 243O\0OO FAX: 91 44 24360576

E-mail: compliance@bgrenergy.com Web site: v\^ /wbgrcorp.com

BeSec/2016
December 02,20L6

The Manager,
Listing Depaftment
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (E), Mumbai - 400051

The Manager,
Department of Corporate Services
BSE Limited
P.J. Towers, Dalal Street
Mumbai - 400001

NSE Symbol: BGRENERGY

BSE Scrip Code:

532930

Dear Sirs,

Sub: Unaudited Standalone Financial Results for the Quarter ended

September 30, 2016

Pursuant

to

Regulation

33 of the SEBI (Listing

Obligations and Disclosure

Requirements) Regulations, 2015, we are pleased to forward the following:

a) Unaudited Standalone Financial Results

for the Quarter ended

September 30, 2016 and

b) Limited

Review Repoft issued by the Statutory Auditors.

The meeting of the Board of Directors commenced at 3.00 p.m. and concluded at
5.00 p.m.
We request you to kindly take the same on record.
Thanking you,
Yours truly,
for BGR Energy Systems Limited

ame
PHsid

Corporate & Secretary

Encl: a.a.
REGISTERED OFFICE:

A-5 PANNAMGADU INDUSTRIAL

ESTATE,

MMAPURAM

POST, SUI.URPET TAI.IJK, NETIORE DISTRICT. ANDHRA PRADESH

Corporate ldentity Number: 140 | 06AP1985P1C0053 | 8

52440I INDIA, TEL: 91 44 27948249

ENERGY
BGR ENERGY SYSTEMS LIMITED
Reg"off: A-5 Pannamgadu lndustrlal Estate, Ramapuram PosL Nellore Dlstrlct, Andhra Pradesh 524101

Corp,Off:443,Anna Salal, Tgnampet Chennal6000l8 Ph: +91 4424 ,0lA00,Farl': +91 +12136A576
Corporate ldentlry Number: 140106AP1985P1C005318 Emall: compllance@bgrenegy.com websltc: www,bgrcorp,com

lncom! from opantlonr

{a) Net Sales / Income from operatlong (Gross of exclse
duty)

(b) other operating lncome

lolrl Incoma from op.ntlont
Expenses
a) Cost of Materials Consumed
b) Purchase of stock-in-trade
c) Changes in Inventories of finished goods, work in
progress and stock in trade
d) Excise Duty
e) Employee benefits expenses
f) Depreciation and amortisation Expense
g) Othet Expenses
Total expenses
ProftV(Loss) from operations before other income,

fln.nc. cortr

&

ProfMlos) frcm ordlnrry rdvlllrr Mon tlnrncc

codr rnd rxc.ptlon{ ltcmr (3+4)

Flnance eosts (Nat)

ProflV(losrl from ordlnriy adylll.s rftcr llnrncc corts

but before exceptional items (5-6)

8
9
10

Exceotional items
ProfiV (Loss) trom ordinary activities before tax (7-8)
a) Tax exoense
b) Tax - earlier years
Net PtofiV (Lcs) ftom ordinary activltles after tax (9.10)
Extraordinary ltems ( Net of tax expense )
Net ProffV(Loss) tor tfte period {11.12)

L4
15

Other Comprehensive lncome

Total Comprehensive lncome for the period
Share ol prolit / (loss) of associateg

t7

Mlnoriv lntarBst

IU,

Net Prsflt I (LoEs) aftcr taxss, mlnodty lntgrcst and

sharc of prollt / (lo$) of aslocirtss (15"15.17)
fuld -up equlty share capltal (Faca value of th shara

19

19.t

19.ii

22t

82?62
bY5J6

83700

E2945
397
8:t342

t72987

6L4A4-

69762_

144547-

612

57
64

50
147

435
355

4279
bbv

4228

4325

9353

ct5

5tz

LO72

1495

10594
76E60

1473
76329

2972

r58734
,"4223

xt8
14341
1 1499

1070

t892

1070

LA92

I 103

t*:

11

(i3+ 14) .

Errnlnp prr Shr?r (EP8) brlon cxllrordlntry

(in {.) (not annualised)
a) Basic

172345

(16s)
287

68!7

Other Ineoma

T2
13

83479

75905

ac$tlonrl ltrmr (1.2)

lt

82753

103

1903

7216

7216

t.10

eeh)

lirmt

b) Diluted
Earnings per Share (EPS) after extraordinary items
(in T.) (not annualised)
a) Basic
b) Diluted

2.64

2.64
z.o4

r.55

Segment Revenue
s) Capital Goods
b) Conslrustlon and EPC Contfds
e) Unallocatcd

5768
76994

?680
81020

3791

8123

79551

164834

Tot!l

e2752

83?00

8t342

172957

s276;

8:1700

8:t342

1rl2g5;

lrlr:

Inter Segment Revenue

Nct $rlcc/lncomc from Op.ratlonr

Sgment Re*lb (Piofitx+Mss(t before tax and intercst

40
681 1

6457

?R\

2r6

6975

6797

32

14199
118

6845

7445

t4341

t1

Less: lnterest {Net)

Total Protit / {Loss) before tax
Segment Asre*s
a) Capital Goods

b) Construction and EPC Contracts

Total
Segment Liabilities
a) Capital Goods
b) Construction and EPC Contracts
Total

t,in

Statement of Assets and Liabilities

Lakhs

ASgETS

l{on-Cuntnl

rrlrtr

(a) Property, Piant and Equipment

(b) Capital wo*-in-progress

16886
45

(c) Other Intangible Assets

(d) Financial Assets
(i) lnvestments
(ii) Ttade teceivables
(e) other non-cur.ert assets

265
36383

84510
19895

t579',4
Current asstg
a) Inventorise
b) Flnaneial Assets
(l) Ttada teceivables
(ll) Cash and cash equlvalEnts
(lli) Bank balanc6s other thsn (li) abovB
e) Other curnt assis

3283
228492
13883

42500

t6i

171

449329
607313
EQUITY AND LIABILITIES
Equrty

(a) Equity Share capital

7216

(b) othef Equity

132513

L39729
Liabilities
Non-Cunent liabilities
(a) Finaneial Liabilities
(l) Borrctulngp
(li) Tnda Bryablrs

3t288
45003

(b) Ptsvlslsns
(e) DEtuned tax liablllties (natl

23051

38444
138786

Current liabilities
(a) Financial Liabilities
(i) Bonowings
(ii) Trade payables
(iii) Other financial Liabilities
{b) other current liabilities
(c) Provisions

L49L75
705702
7513
65027
Sub - total current liabilities
TOTAL - EOUITY AND LIABILITIES

l56 r
328798
607313

The above financial results have been prepared in accordance with Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013,
reEd wlth relcvant ruls lEcusd thEfeundar and othEr aeeountlng prlnciples grnally aeecptgd In Indla, The r8sulb for thc quEner End half ysf 6ndod S6p 30, 2015
hv6 bqan testatcd re par Ind AS aRd rfc eamBsfable, Whlls thc statutory audltors haye sanled out a llmited fcvlew for ths quafter aRd half year sndcd Saptembsr 30,
2015, lnd AS companble Sep 30, 201 5 fl5urer hlve ffot bcen sublect to llmlted rsvlew. However, the Manrgement has arerclsed nee$sary dua dellgaRce to nsurs
that tha flnanclal r$ults provld a truc and fah vlsw d lts a1{rlrs,
Statcmcnt of rceonelllatlon ol net PAT under IND AS and the nct PAT reportgd undBr pravlous Indian GAAP (IGAAP) lor th6 quanEr and half yNr 6nded Septembar 30,

2015

Net Profit after TM as per previous IGAAP

Provision for exoected credit loss
Increase in borrowing cost pursuant to application
of Effective lnterest rate method
Reclassification of net actuarial gain on employee
defined benefit obligations to OCI

0then
lmpaet ot dafered and eurront t6xss ln respect of tha abovo adjustmants
Net Prcflt afbr tax (btuI oCD as per IND AS

,r#

The abovo results wsfe rsvlawed by the Audlt Commlftee and approvsd by the Boad of Dkactofs at the respctlve meetlng held on Decamber

The figur$ for the prevlous period have been regrouped/reananged wheraret nece$ary to conform to the currcnt pedod of pf$entatlon.

2,2016,

For BGR ENERGY SYSTEMS LIMITED

A. SWAMINATHAN

Joint Managing Director & CEO

q$'

Manohar Chowd h ry & Associates

CHARTERED ACCOUNTANTS
Independent Auditors' Limited Reriew' Report
To
The Board of Directors of BGR Energy Systems Limited
We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of BGR
Energy Systems Limited ("the Company") for the quarter and half year ended September 30, 2016 ("the
Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as modified by Circular
no. CIR/CFD/F AC/62/2016 dated July 5,2016. We have not performed a review or audit, as stated in
Note 1, of the figures relating to the corresponding quarter and half year ended September 30, 2015,
including reconciliation of net profit for the quarter and half year ended September 30, 2015 between
the previous GAAP and Indian Accounting Standard ("IND AS"), as reported in this statement.
2.

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 IndianAccounting Standard 34 "Interim FinancialReporting" ("INDAS 34"), prescribed under
the 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 report on the Statement
based on our review.

3,

We conducted our review of the Statement in accordance with the Standard on Review Engagement
(SRE) 2470,* 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 Statement is free of material
misstatements. 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.

i.

Based on our review conducted as stated above, nothing has come to our attention that causes us to
believe thatthe accompanying Statement, prepared in accordance withthe aforesaid Indian Accounting
Standard and other accounting principles generally accepted in India, has not disclosed the information
required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015 as modified by Circular No. CIR/CFDEAC/62/2016 dated July 5,
2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Chennai
Date: December 2,2016

For Manohar Chowdhry & Assotiates

'
'

Chartered Accountants

Firm Reeistration No. 0019975

Parineq,

M.S.N.M. Santosh
Membership No. 221916

# 27, Subramaniam Street, Abiramapuram,

Chennai
Tel: +91

- 600 018,Tamil Nadu

44 42903333 /42903300

Fax: +9'f 44 4290335A

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