Frick India Limited Unlisted Shares Financial Reports

Frick India Limited Unlisted Shares

Frick India Limited (an ISO 9001:2015 company) reported its audited financial results for the quarter and year ended March 31, 2024. The results were reviewed by the Audit Committee and approved by the Board of Directors on May 24, 2024. **Key Financial Highlights:** * **Total Income:** Increased from ₹36,927.00 lakhs in FY23 to ₹49,368.75 lakhs in FY24. Revenue from operations grew from ₹36,282.80 lakhs to ₹48,128.91 lakhs. * **Profit Before Tax:** Increased from ₹3,856.46 lakhs to ₹5,292.71 lakhs. * **Profit After Tax:** Increased from ₹2,852.21 lakhs to ₹4,232.35 lakhs. * **Total Comprehensive Income:** Increased from ₹2,829.44 lakhs to ₹4,220.35 lakhs. * **Earnings Per Share (EPS):** Increased from ₹475.40 to ₹705.42 (Basic and Diluted, not annualized). **Expenses:** * **Cost of Materials Consumed:** Increased from ₹25,562.77 lakhs to ₹32,654.48 lakhs. * **Employees Benefit Expenses:** Increased from ₹5,106.44 lakhs to ₹5,989.70 lakhs. * **Finance Cost:** Increased from ₹238.39 lakhs to ₹325.86 lakhs. * **Depreciation & Amortization Expense:** Increased from ₹198.51 lakhs to ₹215.38 lakhs. **Assets and Liabilities (as of March 31, 2024):** * **Total Assets:** ₹38,873.22 lakhs (compared to ₹34,755.65 lakhs as of March 31, 2023). * **Total Equity:** ₹27,371.77 lakhs (compared to ₹23,175.42 lakhs as of March 31, 2023). * **Non-current Assets:** ₹6,813.60 lakhs (compared to ₹5,401.07 lakhs as of March 31, 2023). * **Current Assets:** ₹32,059.62 lakhs (compared to ₹29,354.58 lakhs as of March 31, 2023), including significant increases in trade receivables and bank balances. * **Non-current Liabilities:** ₹694.46 lakhs (compared to ₹581.85 lakhs as of March 31, 2023). * **Current Liabilities:** ₹10,806.99 lakhs (compared to ₹10,998.38 lakhs as of March 31, 2023). **Cash Flow Summary:** * **Net Cash Generated from Operating Activities:** ₹141.93 lakhs. * **Net Cash from/ (Used in) Investing Activities:** ₹58.35 lakhs. * **Net Cash from/ (Used in) Financing Activities:** ₹83.98 lakhs. * **Net Increase/Decrease in Cash and Cash Equivalents:** ₹284.26 lakhs. **Other Key Points:** * **Business Segment:** The company operates in a single reportable segment: Industrial Refrigeration and Air Conditioning systems. * **Dividend:** The Board of Directors recommended a dividend (amount not specified) per share, subject to shareholder approval. (Previous Year Rs. 4.00 per share i.e. 40% of face value) * **Auditor's Opinion:** Lodha & Co LLP issued an independent auditor's report, stating that the financial results give a true and fair view in conformity with Indian Accounting Standards (Ind AS) and Regulation 33 of the Listing Regulations. * **No Public Issue:** The company confirms that there has been no public issue, rights issue, preferential issue, or QIP during the fourth quarter and year ended 31-03-2024. Therefore, Regulation 32 of Securities and Exchange Board of India (Listing Obligation and Disclosure Regulations), 2015 is not applicable on the company during the specified period. * **Meeting Outcome:** The outcome of the meeting is available for consideration and necessary action.

Frick India Limited Unlisted Shares

Frick India Limited, an ISO 9001:2015 certified company, has released its unaudited financial results for the quarter and nine months ended December 31, 2023. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2024, and have undergone a limited review by the company's statutory auditors. **Financial Performance:** * **Revenue:** Revenue from operations for the quarter ended December 31, 2023, was ₹12,245.50 lakhs, compared to ₹10,314.67 lakhs for the quarter ended September 30, 2023, and ₹10,009.17 lakhs for the quarter ended December 31, 2022. Total income for the quarter was ₹12,548.30 lakhs. Revenue from operations for the nine months ended December 31, 2023, was ₹32,991.13 lakhs, compared to ₹23,456.70 lakhs for the nine months ended December 31, 2022. * **Expenses:** Total expenses for the quarter ended December 31, 2023, amounted to ₹11,211.33 lakhs, which included ₹7,702.04 lakhs in the cost of materials consumed and ₹1,501.15 lakhs in employee benefits expenses. * **Profitability:** Profit before tax for the quarter was ₹1,336.97 lakhs. Profit after tax for the period was ₹998.95 lakhs. For the nine months ended December 31, 2023, the profit after tax was ₹2,891.92 lakhs. * **Earnings Per Share (EPS):** The basic and diluted EPS for the quarter ended December 31, 2023, not annualized, stood at ₹166.49 per share. **Other Comprehensive Income:** * Total other comprehensive income for the period was negative ₹5.69 lakhs. **Equity:** * Paid-up Equity Share Capital (Face value of Rs. 10/- each): ₹60.00 Lakhs. **Operational Overview:** * The company is primarily involved in the manufacture, supply, and execution of Industrial Refrigeration and Air conditioning systems, constituting a single reportable segment. **Karvy Stock Broking Limited (KSBL) Matter:** * The company is still pursuing the recovery of ₹186.82 lakhs worth of equity shares and ₹24.76 lakhs in bank balance that were pledged by Karvy Stock Broking Limited (KSBL) without the company's knowledge. A complaint/claim has been filed with SEBI against KSBL and NSE for the return of securities and refund of the deposit amount, with the management believing the amount is fully recoverable. **Compliance with SEBI Regulations:** * Frick India Limited has also submitted an intimation under Regulation 32 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Regulations), 2015, confirming that the company has not engaged in any public issue, rights issue, preferential issue, or QIP during the Third Quarter and Nine Months ended on December 31, 2023. **Auditor's Review:** * Lodha & Co LLP, Chartered Accountants, conducted an independent auditor's review of the unaudited financial results. Based on their review, nothing came to their attention that caused them to believe that the Statement was not prepared in accordance with applicable Indian Accounting Standards or that it contained any material misstatement. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410.