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Q1FY2025 Results of Mohan Meakin

Event Date: July 8, 2024

Document Summary

Haribhakti & Co. LLP, Chartered Accountants, have issued an Independent Auditor's Review Report on the quarterly Unaudited Financial Results of Mohan Meakin Limited, conducted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The report is addressed to the Board of Directors of Mohan Meakin Limited.

The reviewed statement is the responsibility of the Company's Management and was approved by the Board of Directors. It was prepared following the recognition and measurement principles in Indian Accounting Standard 34, "Interim Financial Reporting," under Section 133 of the Companies Act, 2013, and other generally accepted accounting principles in India. The auditor's responsibility is to issue a report on the statement based on their review.

The review was conducted according to the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity." The standard mandates planning and performance to obtain moderate assurance against material misstatement, primarily through inquiries and analytical procedures, providing less assurance than an audit. The auditors have not performed a full audit.

Based on the review, nothing came to the auditor's attention that suggests the statement fails to disclose required information under Regulation 33 of the Listing Regulations or contains any material misstatement. The report is signed by Kunj B. Agrawal, Partner, with membership number 095829 and UDIN: 24095829BKAKNO1722. The report is dated August 7, 2024, from New Delhi.

Statement of Unaudited Financial Results for the Quarter Ended June 30, 2024

The statement presents the unaudited financial results for the quarter ended June 30, 2024, along with comparative figures for the quarter ended June 30, 2023, and the year ended March 31, 2024. All figures are in lacs of Rupees, except earnings per equity share data. Key financial data includes:

  • Revenue from Operations: ₹32,180.03 lacs for the quarter ended June 30, 2024, compared to ₹30,555.56 lacs for the corresponding quarter in the previous year and ₹1,92,992.27 lacs for the year ended March 31, 2024.
  • Total Income: ₹32,512.06 lacs for the quarter ended June 30, 2024.
  • Total Expenses: ₹30,650.93 lacs for the quarter ended June 30, 2024.
  • Profit Before Tax: ₹1,861.13 lacs for the quarter ended June 30, 2024.
  • Profit for the period/year: ₹1,368.04 lacs for the quarter ended June 30, 2024.
  • Total Comprehensive Income for the period/year: ₹1,390.04 lacs for the quarter ended June 30, 2024.
  • Earnings per equity share: Basic and diluted earnings per share are both ₹16.08.

Segment-wise Revenue, Results, Assets and Liabilities for the Quarter Ended June 30, 2024

The company's business segments are classified as Alcoholic and Non-alcoholic products. Key segment data includes:

  • Segment Revenue: Alcoholic products contributed ₹31,795.63 lacs, and Non-alcoholic products contributed ₹384.40 lacs to the total revenue for the quarter ended June 30, 2024.
  • Segment Results (Profit before finance costs and tax): The Alcoholic segment had a profit of ₹2,314.13 lacs, while the Non-alcoholic segment had a loss of ₹(53.16) lacs.
  • Segment Assets: The Alcoholic segment held assets worth ₹39,554.97 lacs, the Non-alcoholic segment held assets worth ₹1,638.45 lacs, and Unallocated assets amounted to ₹13,369.47 lacs.
  • Segment Liabilities: The Alcoholic segment had liabilities of ₹13,128.25 lacs, the Non-alcoholic segment had liabilities of ₹413.53 lacs, and Unallocated liabilities were ₹2,998.79 lacs.

Notes:

  1. The financial results have been reviewed by the audit committee and approved by the Board of Directors.
  2. The statement has been prepared according to Indian Accounting Standards (IND AS) and presented as per the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).
  3. Figures for the quarter ended March 31, 2024, are balancing figures between audited full financial year figures and published year-to-date figures up to December 31, 2023, with the figures up to December 31, 2023, having been only reviewed and not audited.
  4. Previous periods' figures have been regrouped/rearranged where necessary to ensure comparability with the current period's figures.

The report is issued by order of the board and signed by Hemant Mohan, Managing Director.

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