KM Sugar Mills : Unaudited Financial Results for the quarter ended 30-06-2017

K. M. SUGAR MILLSLIMITED

Regd.Office:11,Moti Bhawan,Collectorganj, Kanpur-208 001 (U.P.)

CIN No.:15421UP1971PLC003492

email:kmsugar@gmall.com,website:www.kmsugar.com Phone:Regd. office:0512-2310762.Branch office:0522-4079561

Extract of Statement of Standalone Unaudited Financial Results for the Quarter ended 30/06/2017

Rs In Lakhs

SI.Particulars3 months Corresponding

No.ended 3 months

ended

30.06.2017 30.06.2016

Unaudited Unaudited

1. Total income from operations 12,84410934 NetProfit/(loss) for theperiod (before tax & exceptional

   2items) 1,005 1,166

   NetProfit/(loss) for the period before tax(after exceptional

   3items) 1,005 1,166

   Net Profit/(Loss)for theperiod after tax (after exceptional

   4items)842 1,133

   Total Comprehensive Incomeforthe period (Comprising 5 Profit/(Loss) for theperiod (aft!3r tax)and Other

   Comprehens ive Income (after tax)]	840	1,128
   6 Equity share capital	1,840	1,840
   7Earnings Per Share (of Rs.2/- each) (for continued and

   discontinued ooerations)

   alBasic 0.92 1.23

   blDiluted0.921.23

   Notes:

   The above is an extract of the detailed format of Quarterly Finacial Resultsfiled with the Stock Exchanges underRegulation 33 of the SEBI (listing and Other Disclosure Requirements) Regulations,2015 .The fullformat of theQuarterly Financial Results areavailable on the Stock Exchanges websites,www.nseindia.com andwww.bseindia.com and the Company's website ,www.kmsugar.com

2. Reconciliation between profit after taxas per IndianGAPP and total comprehensive income as perInd AS for thequarter ended 30 June 2016 is as under:

   Amount (In Rs. Lakhs) ParticularsQuarter ended 30

   June 2016

   NetProfit/(Loss)as per Previous GAPP (after tax) 1,142.61

3. Reclassification of actuarial gain/losses 9.45

4. Measurement of Financial Assetsat amortised cost -2.28

5. Measurement of Financial liabilities at amortised cost -16.53

6. Other adjustments -2.52

7. trTax adjustments 1.89

   Other Comprehensive Income

8. Gain /(oss} arising on defined employee benefits -9.45

9. Gain orlosson arising on fairvalut,on of equity -0.06

Income Tax relating tothe item classified to profit orloss 4.95

Total ComprehensiveIncome for the period 1,128.06

Place:Lucknow Date:10.08.2017

K.M.SUGAR MILLS LIMITED 7

Regd. Office:11, Motl Bhawan, Collectorganj, Kanpur-208 001(U.P.) Corp. Office &Works :P.O.Moti Nagar,Faizabad-224 201(U.P.) CIN No.:L15421UP1971PLC003492

Statement of unaudited Standalone Finacial Results for the quarter ended 30 June,2017

Rs. In Lakhs

SI. No.	Particulars	Quarter ended	Quarter ended
		30.06.2017	30.06.2016
Unaudited	Unaudited
1	Income
a) Revenue from operations			12,450	10,849
b) Other income			394	85
Total income			12,844	10,934
2	Expenses
a) Cost of material consumed			31	8
b) Purchase of stock-in-trade			-	1,228
c) Changes in inventories of finished goods and work in progress			9,365	6,781
d) Excise duty on sale of goods			701	465
e) Employees benefit exoense			257	224
f) Finance cost			471	233
g) Depreciation and amortisation expense			312	201
h) Other expenses			702	628
Total expenses			11,839	9,768
3Profit/(Loss) before exceotional items and tax (1-2)				1005	1166
4 Exceptional Items				-	-
5 Profit/Closs) before tax (3-4)				1,005	1,166
6 Tax expense				163	33
7 Profit/(Loss) after tax (5-6)				842	1,133
8	Other comprehensive income(OCll
(i)Items that will not be classified to profitor loss			(4	) (10)
(ii) Income tax relating to items thatwill not be reclasssified to profit or loss			2	5
9	Total comprehensiveincome (7+8)			840	1,128
10	Paid up equitysharecapital l			1,840	1,840
11	Earnings Per Share (before and after extraordinary items)(of Rs.2/- each) (not annualised)
a) Basic			0.92	1.23
b) Diluted			0.92	. 1.23

SEGMENT WISE REVENUE, RESULTS AND CAPITAl EMPLOYED 7-A

Rs In Lakhs

No. Quarter Quarter

ended ended

1 Segment Revenue

30.06.201730.06.2016

Unaudited Unaudited

aSugar 11,32410,147

b Distillery 1,3351,143

Power	88	55
Total	12,747	11,345
Less: Inter Segment Revenue	297	496
Net Segment Revenue Segment results	12,450	10,849
Profit/(Loss) before tax and finance costs
Sugar	1,103	1,145
Distillery	427	319
Power	(54)	(65)
Total	1,476	1,399
Less:(i) Financecosts (ii) Other unallocable expenditure net off	471 .	233 .

c

2

a b c

Add:(iii) Un-allocable income .

Profit/(loss)before tax 1,0051,166

3 Capital employed

(Segment Assets-Segment Liabilities)

a Sugar5,6146,826

b Distillery 2,259(211)

c Power 3,167 2,734

d Unallocated 44

Total11,044 9,353

Notes:

The above un-audited financial results for the quarter ended on 30.06.2017 were approved and takenon recordin the Board meeting held on 10.08.2017 after being reviewed and recommended by the Audit Committee.

1. The limited review for the quarter ended on 30th June, 2017, as required under Regulation 33 of SEBI (listing Obligation &Disclosure Requirements) Regulation, 2015has been carried out by the Statutory Auditors.The financial results relating toquarter ended 30th June, 2016 under IndAS have not been subjected to limited review by the statutory auditors of the Company.However, the mangement has exercised due diligenceto ensure that the financial results provide true and fair view of the Company's affairs.

2. The Companyhas adopted Indian Accounting Standards ('IND AS') with effect from 1April, 2017 and consequently, these financial results have been prepared in accordance with the recoginition and measurement principles laid down in 'INDAS 34-lnterim Financial Reporting' prescribed under section 133 of the Companies Act, 2013,read with relevant rules issued thereunder and other accounting principles generally accepted in India. Thedate of transition to Ind AS is1 April,2016 and the impact of transition has been accounted for in opening reserves and the comparativeperiod results disclosed here are restated accordingly. However,theopening balance sheet as at 1 April, 2016 and the results of the subsequent periods would get finalised alongwith theannual financial statements for the year ended 31 March, 2018.

   Ttiere is a possibility that these quarterly financial results alongwith the opening balance sheetas of 1 April, 2016 and provisional financial statements as of and for the year ended March 31, 2017 mayrequire adjustment before constituting the final IndAS financial statements as of and for the year ending March 31, 2018 due to changes infinancial reporting requirements arising from new or revised standards or interpretationsissued by MCA or changes in the use of one or moreoptional exemptions from full retrospective application of certain Ind AS as permitted under IndAS 101.

3. As per exemption given in para 2.6.1 (iii)of the SEBI Circular No.CIR/CFD/FAC/62/2016 dated 05.07.2016,the Ind AS compliant financial results for the preceding quarter ended 31st March, 2017 and previous yearended 31st March,2017 have not been provided.

4. Reconciliation between profit after tax as per Indian GAPP and total comprehensive income as per Ind AS for the7·B

   quarter ended 30 June 2016 is as under:

   Amount (In Rs.Lacs)

   Particulars	Quarter ended 30 June2016
   Net Profit/(Loss) as per Previous GAPP (after tax)	1,142.61
   a)Reclassification of actuarial gain/losses	9.45
   c) Measurement of Financial Assets at amortised cost	·2.28
   d) Measurement of Financial Liabilities at amortised cost	-16.53
   e) Other adjustments	-2.52
   f) Tax adjustments	1.89
   Other Comprehensive Income
   g) Gain /(Loss) arising on defined employee benefits	-9.45
   h)Gain or loss on arisino on fair valuation of eouitv instrument	-0.06
   Income Tax relating to the item classified to profit or loss	4.95
   Total Comprehensive Income for theperiod	1,128.06

5. Sugar being seasonal industry,the performance of any quarter may not represent the annual performance of the company.

6. Previous period figures have been regrouped /rearranged ,wherever considered necessary, to make them comparable with the current period.

Place:Lucknow Date:10.08.2017

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