Frick India Limited Unlisted Shares

Financial Report Summary

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.