General information about company

Scrip code500240
NSE Symbol
MSEI Symbol
ISIN*INE266B01017
Name of companyKINETIC ENGINEERING LIMITED
Type of company
Class of securityEquity
Date of start of financial year01-04-2018
Date of end of financial year31-03-2019
Date of board meeting when results were approved14-11-2018
Date on which prior intimation of the meeting for considering financial results was informed to the exchange01-11-2018
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterHalf yearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedUnaudited
Segment ReportingSingle segment
Description of single segmentManufacture of auto components
Start date and time of board meeting14-11-2018 12:10
End date and time of board meeting14-11-2018 02:00
Declaration of unmodified opinion or statement on impact of audit qualificationNot applicable



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-201801-04-2018
BDate of end of reporting period30-09-201830-09-2018
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue 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.
1Income
Revenue from operations29685539
Other income252408
Total income32205947
2Expenses
(a)Cost of materials consumed19373658
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-77-165
(d)Employee benefit expense 6331299
(e)Finance costs148285
(f)Depreciation, depletion and amortisation expense186366
(f)Other Expenses
1Foreign exchange loss-46-85
2Excise duty on sales00
3Other Expenses510978
10
Total other expenses464893
Total expenses32916336

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-201801-04-2018
BDate of end of reporting period30-09-201830-09-2018
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue 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.
3Total profit before exceptional items and tax-71-389
4Exceptional items 00
5Total profit before tax-71-389
7Tax expense
8Current tax00
9Deferred tax00
10Total tax expenses00
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations-71-389
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period-71-389
22Other comprehensive income net of taxes00

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-201801-04-2018
BDate of end of reporting period30-09-201830-09-2018
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue 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.
23Total Comprehensive Income for the period-71-389
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital17711771
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations-0.42.2
Diluted earnings (loss) per share from continuing operations-0.42.2
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations-0.42.2
Diluted earnings (loss) per share from discontinued operations0.42.2
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations-0.84.4
Diluted earnings (loss) per share from continuing and discontinued operations04.4
30Debt equity ratio
31Debt service coverage ratio
32Interest service coverage ratio
33Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on 14th November 2018.

2. The limited review of the financial results for the quarter ended 30th September, 2018 have been carried out by the Statutory Auditors.

3. In accordance with the requirements of Ind AS, Revenue from Operations for the quarter ended September 30, 2018 is net of Goods and Service Tax (GST). However, Revenue from Operations for the period upto June 30, 2017 is inclusive of excise duty as per previous GAAP.

4. Other Income for the quarter ended 30th September, 2018 includes Profit on sale of land of Rs 110 Lakhs.

5. Deferred Tax Asset in respect of carried forward losses is recognized to the extent of Deferred Tax Liability.

6. Figures for the previous periods have been regrouped / reclassified, wherever necessary, to conform to current period's presentation.



Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2018
Date of end of reporting period30-09-2018
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment8546
Capital work-in-progress5
Investment property0
Goodwill0
Other intangible assets11
Intangible assets under development0
Biological assets other than bearer plants0
Investments accounted for using equity method0
Non-current financial assets
Non-current investments649
Trade receivables, non-current
Loans, non-current0
Other non-current financial assets337
Total non-current financial assets986
Deferred tax assets (net)
Other non-current assets67
Total non-current assets9615
2Current assets
Inventories2726
Current financial asset
Current investments0
Trade receivables, current2771
Cash and cash equivalents61
Bank balance other than cash and cash equivalents11
Loans, current4
Other current financial assets113
Total current financial assets2960
Current tax assets (net)318
Other current assets290
Total current assets6294

Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2018
Date of end of reporting period30-09-2018
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets15909
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital1771
Other equity1045
Total equity attributable to owners of parent2816
Non controlling interest
Total equity2816
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current3273
Trade payables, non-current
Other non-current financial liabilities
Total non-current financial liabilities3273
Provisions, non-current701
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities1397
Total non-current liabilities5371
Current liabilities
Current financial liabilities
Borrowings, current2461
Trade payables, current3561
Other current financial liabilities1158
Total current financial liabilities7180
Other current liabilities370
Provisions, current172
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities7722
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities13093
Total equity and liabilites15909
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-07-201801-04-2018
Date of end of reporting period30-09-201830-09-2018
Whether accounts are audited or unauditedUnauditedUnaudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3(Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments