BKM Industries Ltd - 539043 - BKMINDST : Bkm Industries Limited Has Submitted To The Exchange, The Financial Results For The Period Ended Sep 30, 2022.
Financial Performance - Standalone Q2 FY23
Revenue from operations was Rs 1 lakh for Q2 FY23, unchanged YoY and QoQ
Total expenses were Rs 58 lakh in Q2 FY23, down from Rs 291 lakh YoY
Loss before tax was Rs 57 lakh in Q2 FY23 versus Rs 291 lakh loss YoY
Net loss after tax was Rs 57 lakh in Q2 FY23, improving from Rs 291 lakh loss YoY
Basic and diluted EPS was negative Rs 0.09 in Q2 FY23 versus negative Rs 0.44 YoY
Depreciation expense was Rs 32 lakh in Q2 FY23, stable QoQ
Other expenses were Rs 26 lakh in Q2 FY23, down from Rs 44 lakh YoY
Financial Performance - Standalone H1 FY23
Revenue from operations was Rs 1 lakh in H1 FY23, flat YoY
Total expenses were Rs 116 lakh in H1 FY23, down from Rs 565 lakh YoY
Loss before tax was Rs 115 lakh in H1 FY23 versus Rs 565 lakh loss YoY
Net loss after tax was Rs 115 lakh in H1 FY23, improving from Rs 565 lakh loss YoY
Basic and diluted EPS was negative Rs 0.18 in H1 FY23 versus negative Rs 0.86 YoY
Depreciation expense was Rs 64 lakh in H1 FY23, down from Rs 497 lakh YoY
Other expenses were Rs 51 lakh in H1 FY23, down from Rs 68 lakh YoY
Financial Performance - Standalone FY22
Revenue from operations was Rs 1 lakh in FY22
Total expenses were Rs 1,116 lakh in FY22
Loss before tax was Rs 1,116 lakh in FY22
Net loss after tax was Rs 1,492 lakh in FY22 including deferred tax credit of Rs 376 lakh
Basic and diluted EPS was negative Rs 2.28 in FY22
Depreciation expense was Rs 986 lakh in FY22
Other expenses were Rs 130 lakh in FY22
Balance Sheet - Standalone as of Sep 30, 2022
Total assets were Rs 17,934 lakh as of Sep 30, 2022
Non-current assets stood at Rs 9,594 lakh, including Rs 3,455 lakh PPE and Rs 4,320 lakh investments
Current assets were Rs 8,340 lakh, including Rs 4,956 lakh trade receivables and Rs 2,193 lakh inventories
Total equity was Rs 1,304 lakh, with Rs 655 lakh equity share capital
Non-current liabilities were Rs 1,777 lakh, including Rs 771 lakh borrowings
Current liabilities were Rs 14,853 lakh, including Rs 12,411 lakh borrowings
Cash Flow - Standalone Q2 FY23
Net cash used in operating activities was Rs 51 lakh in Q2 FY23
Net cash used in investing activities was Rs 175 lakh in Q2 FY23 due to fixed deposit maturity
Net cash from financing activities was Rs 397 lakh in Q2 FY23 from short-term borrowings
Cash and cash equivalents increased to Rs 191 lakh as of Sep 30, 2022 from Rs 20 lakh at June 30, 2022
Financial Performance - Consolidated Q2 FY23
Consolidated financials mirror standalone results for Q2 FY23
Revenue from operations was Rs 1 lakh for Q2 FY23
Loss before tax was Rs 57 lakh in Q2 FY23
Net loss after tax was Rs 57 lakh in Q2 FY23
Basic and diluted EPS was negative Rs 0.09 in Q2 FY23
Balance Sheet - Consolidated as of Sep 30, 2022
Total consolidated assets were Rs 17,934 lakh as of Sep 30, 2022
Non-current assets were Rs 9,594 lakh, including Rs 3,455 lakh PPE and Rs 4,320 lakh investments
Current assets were Rs 8,340 lakh, including Rs 4,956 lakh trade receivables and Rs 2,193 lakh inventories
Total equity was Rs 1,304 lakh, with Rs 655 lakh equity share capital
Non-current liabilities were Rs 1,777 lakh, including Rs 771 lakh borrowings
Current liabilities were Rs 14,853 lakh, including Rs 12,411 lakh borrowings
Cash Flow - Consolidated Q2 FY23
Net cash used in operating activities was Rs 51 lakh in Q2 FY23
Net cash used in investing activities was Rs 175 lakh in Q2 FY23
Net cash from financing activities was Rs 397 lakh in Q2 FY23
Cash and cash equivalents increased to Rs 191 lakh as of Sep 30, 2022
Operations & Other Notes
Manufacturing activities were not operational during Q2 and H1 FY23
Company manufactures packaging and engineering products
Financial results delayed due to Corporate Insolvency Resolution Process (CIRP)
Resolution Plan approved by NCLT granted reliefs for past non-compliances
Financials prepared as per Indian Accounting Standards (Ind AS)
Limited Review by statutory auditors completed with no qualifications
BKM Industries Ltd - 539043 - BKMINDST : Bkm Industries Limited Has Submitted To The Exchange, The Financial Results For The Period Ended Jun 30, 2023.
Financial Performance Q1 FY2024 Standalone
Revenue from operations was nil for quarter ended June 30, 2023
Total expenses were Rs 29 lakh, mainly other expenses Rs 29 lakh
Loss before tax was Rs 26 lakh versus Rs 44 lakh loss in previous quarter
Net loss after tax was Rs 26 lakh versus Rs 45 lakh loss in previous quarter
Basic and diluted EPS was negative Rs 0.04 for the quarter
Manufacturing activities were not operational during the quarter
Financial Position Standalone as of June 30, 2023
Total assets stood at Rs 17,873 lakh, up from Rs 17,621 lakh year ago
Non-current assets were Rs 9,704 lakh, current assets Rs 8,168 lakh
Equity was Rs 1,177 lakh, down from Rs 1,361 lakh year ago
Borrowings were Rs 13,182 lakh (non-current Rs 771 lakh, current Rs 12,411 lakh)
Other current liabilities increased to Rs 1,311 lakh from Rs 877 lakh year ago
Cash Flow Standalone Q1 FY2024
Net cash used in operating activities was Rs 26 lakh
Net cash used in investing activities was nil
Net cash from financing activities was Rs 27 lakh
Closing cash and cash equivalents were Rs 20 lakh
Financial Performance Q1 FY2024 Consolidated
Consolidated results mirror standalone with net loss of Rs 26 lakh
Total assets and liabilities same as standalone at Rs 17,873 lakh
Manufacturing activities were not operational during the quarter
Corporate Insolvency Resolution Process (CIRP)
Company was under CIRP during the quarter ended June 30, 2023
Financial results delayed due to CIRP, now regularized post resolution plan
Resolution plan approved by NCLT granted reliefs for past non-compliances
Business Model
Company manufactures packaging and engineering products
Manufacturing was non-operational during the reported quarter