KONARK SYI{THETIC LIMITED

Regd.Off.: Mittal lndustrial Estate, Building No.7, Andheri-Kurla Road, Saki-Naka, Andheri (East), MUMBAI 400 059

Te1 : 4089

6300 * Fa,r No.4089 63'22Web:1!:111l.kqn.ykglo,.r!.qo-1g Email : info'iLkr;narkerou!.i,r.rn

CIN: L172OOMH 1984PLCO3345

l.4tl,November, 2016
To,
The Nlanager
BSE

DCS

Limited

Phiroze leejeebhov Tor,vers,

Dalal Street,
Nlumbai -,100 001
Dear Sir,

Scrip Code:514128
Sub.: Outcome of Board Meeting held today i.e. l.4th November,2076.

Pursuant to Regulation 30 of the SEBI (Listing Obligations ancl Disclosure Requirements) RcgulaLions,
2015, 'vr,e r,r,ish to irrform,vou that the Board of Directors of the Companv at its meeting l-reld todar, i.e.
14trrNovember,2016, inter-nlin consiclered ancl approvecl the Standalone Un-auclitecl Financial Results
of the Company for the quarter ar-rd half year ended 30il, September, 2016 as per the provisions of
Regulation 33 of t1-re SEBI (Listing Obligations ancl Disclosure Requirements) Regulatior-rs, 2015.

A copv of the Stanrlalone

Uir-Auditecl Finar-rcial Results for thc quarter ancl half -1,e;rr encled 30tt,
September, 2016 aiong-with Limited Review Report received from the Statutory Auditors of the
Companv on tire said results are enclosed herervith for vour record.
Tl-re rneetir-rg

of

tl-re

Board of l)irectors comrnence(l at 3.30 p.m. ancl conclurlecl at 7.15 p.m.

Kindli, take the above in vour record.

Tharrkirrg r orr,
Yours faitirfully,
For Konar\Synthetic Li

N{ehnuddin'Khan
Company Secretary & Co
Nlembership No. AJ0156
Encl:

A/a

Officer

KONARK SYNTHETIC LIMITED

CIN : t17200MH1984P1C033451

Offlce:Buildin

No.7, Mittal lndustrial Estate, Andheri Kurla Road, Sakinaka, Andheri tast M umbai - 400 059
Phone No. : 022 - 4089 6300; Fax No. : 022 - 4089 632L Email id: info@konarkgroup.co.in; website :www.konarkgrouo.co.in

( Rs, in Lakh except EPS and No. of Shar

Sr.

QUARTER ENDED

SIX

MONTHS ENDED

YEAR ENDED

No.
Particula rs

30.06.2016

Unaudited

Unaudited

30.09.201s
Unaudited

30.09.2015
Unaudited

30.09.201s

31.03.2016

Unaudited

Audited

ncome from operations

a) Net Sales/lncome from Operations (Net of exclse duty)

30.09.2016

3,03C.33
LC

2,789.62

2,837.97

5,8 19.95

5,33 8.96

(b) Other Operating lncome

1.95

2.14

5.20

4.19

9.17

Total lncome from operations (net)

3,033. s8

2,791;57

2,840.07

5,825.15

5,3r13.15

11,383.94

2,135.38

1,91 1.1 2

1,798.10

4,046.50

3,5 80.49

q )?q qc

359.91

197.6?

338.7 4

557 53

338.74

4,354.36

266.01

1.87.82

166 13

453.83

30s.69

\434.41)

147.61

151 .1.3

165.31

344.1 4

327 22

733 42

56.87

45.40

11

10?.27

100.65

84.15

86.87

90 10

171.42

1-1,,37

4.77

Expenses
(a) Cost of matreials consumed

b) Purchase of stock in trade

{c) Changes in inventories of finished goods, lvork-in-progress

and stock-in trade

d) Emplovees benefit expenses

Power&fLrel
f) Depreciation and amortlsation expenses
{g) Other expenses (Any item exceeding 107; of the total
expenses relating to continuing operations to be shown
1e)

se pa

Jther lncome

Profit

Finance Costs

(Loss)

9},08

L92.45

133.82

5.48

326.27

284.L9

571.38

3,242.38

2,7t9.78

2,739.03

5,962.75

5,127.77

11,005.58

71.80

101.04

227.43

377 26

19.51

28.27

35.76

6.28

rc6.79

rate ly)

Total expenses
Profit / lLoss) from Operations before other income, finance
cost and exceptional items (1-2)

363.3 2

(208.80)
16.25

13

137.00)

from ordinary activities before finance costs and

exceDtional items (3+4)

Profit / (Loss) from ordinary activities after finance costs and

,.xceotional items (5-6)
Exceptional items
I Profit I {t-oss) from ordinary activities before tax (7-8)
10 Tax expenses (lncluding Deferred Taxes)
tt Profit / (t-oss) from ordinary activities after tax (9-10)
12? Prior Period Exnenses
Extraordinary iienrs (Net oi tax experses
13 Net Profit / (Loss) for the period 111-12)

7t

484.05

2L7.O7

454 .09

50.64

29.95

4.37

60.64

79.95

19.33

4.37

60.64

16.46

0.10

(0.11

0.22

0.03

'72.31

19.23

4.48

60.43

t6.43

80.80

580.80

580.60

580.80

580.80

91.31

129.31

(101.24)

119.33

113.62

109.98

232.95

(31 1.88)

(22 31

19.33

22.31)

19.33

1e2.

ss)

277

L4

26,68

76.68

l-72.31

334.18)
(338.s6)

1_3.49

{0.11)
26.79

Paid up Equity Share Capital (Face Value of the shares Rs. 10/Each

15

(338.s6)

s80.80

Reserve excluding Revaluation Reserves as per balance sheet

2,460.79

16.i EPS (before extraordinary items)( of Rs. 10/- each) (not

annualised)
(a) Basic

0.46

(0.3 8)

0.33

0.08

1.04

0.28

0.46

{0.38)

0.33

0.08

i.04

0.2 8

a) Baslc

0.46

(0.3 8)

0.3 3

0.08

1.04

4.28,

b) Di uted

0.45

(0 38)

0.33

0.08

1.04

0.23

b) Diluted
16. ii

{After extraordinary items) ( of Rs. 10/- each) (not

for

KONARX

SYNTHEttn -T.

l'Y
t-])'l,.'
-

Director I Authorised Signatory

STANDALONE STATEMENT OF ASSETS AND LIABILITES

(Rs. in Lakh)
As at
PARTICULARS

Sr.

No.

As

at

30.09.2016

31.03.2015

UNAUDITED

AUDITED

EQUITY AND LIABITITIES

1

Shareholders'Funds:

(a) Capital
{b) Reserve and Surplus
sub-total
7 Non Current Liabilites

shareholders'

s80.80

580.8(

2465.26

2460.7\

3045.05

3041.5S

2704.44

2866.1t

378.27

378.2)

(a) Long-term Borruings

(b) Deffered tax Liabilities (net)

0.00

(c ) Other Long-term Liabilities

(d) Long-ierm Provisions

45.67

45.62

3128.32

3289.98

Current Liabilities :
(a) Short-term boroowing.

2221.79

2215.74

(b) Trade payables

L297.99

1141.15

213.86

291.48

5ub-total - Shareholders' Fund

)Other current liabilities

(d) Short term provision
(c

5ub-total - Current liabilities

TOTAI. EQUITY AND LIABILITIES

... '

5.02

62.52

3738.05

37r0.25

99t2.44

10041.8?

3290.25

3441.29

ASSETS

Non-current assets

(a) Fixed

assets

(b) Goodwill

(c) Non-current investments

852.11.

852.71

(d) Deferred tax assets (Net)

89.79

89.79

73.7 4

73.57

4306.50

4457.3e

term loans and advances

{d) Other non-current assets
(c ) Long

Sub-total - Non-current assets

2

-urrent Assets :
a) Current investments
b) lnventories

1403.88

1800.88

c ) Trade receivables

29:41-.27

2433.46

ci) Cash and Bank Equivalents

e) Short-term loans and advances
f) Other current assets

L49.46

141.65

102.88

1201.40

8.44

.47

Sub-total - Current assets

5605.94

5584.46

TOTAL ASSETS

99L2.44

10041.82

1)

NOTES
The above Un-Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Dlrectors at their meetings held
on 14th November, 2016 and the Statutory Audltors of the Company have carried Limited Review of the same.

2)

The Company ls operating in slngle segment i.e.Textiles and thus there are no reportable segments as per Accounting Standard

1.7

"Segment

Reporiilg.
3)

A flre rvas occurred at the Silvassa Plant of the Company on 08.07.2C16. Total loss due to fire was of Rs. 338.56 Lakh, however all stock and assets

are covered under lnsurance Poiicy. According y the Company has lodged a clalm of Rs. 338.56 Lakh with lnsurance Company, which has not

settled yet. The insurance claim receivable

4)

Provision for Deffered Tax Liability

ls

/ Asset and lncome

Tax

will be provided at the end of {inancial year and accordingly no provision for Deffered

Liability / Asset and lncome Tax are provided for the quarter.
s)

The previous period

year figures have been regrouped

rearranged wherever required for the purpose of comparison.

By order of the Board of Directors
For Konark Synthetic Limited

r-lf: !''.'/
Place: Mumbai
Date : 14.11..2016

been :

shown under the head Exceptional ltem in the above results.

Prakashchand Dalmia
Chairman & Managing Director

DIN:0005813

Tax