Mohan Meakin Limited Unlisted Shares

Financial Report Summary

Haribhakti & Co. LLP, Chartered Accountants, issued an Independent Auditor's Review Report on the Unaudited Financial Results of Mohan Meakin Limited for the quarter and nine months ended December 31, 2023, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (as amended). The review was conducted in accordance with the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India. The report states that the Statement has been prepared by the Company's Management and approved by the Board of Directors in accordance with Indian Accounting Standard 34 "Interim Financial Reporting." Based on the review, nothing came to the auditor's attention that would suggest the Statement does not comply with Regulation 33 of SEBI Regulations, 2015 (as amended) or contains any material misstatement.

The statement of unaudited financial results reveals the following:

Financial Performance: Total income for the quarter ended December 31, 2023, was ₹67,679.61 lacs, compared to ₹65,950.84 lacs for the quarter ended December 31, 2022. Total income for the nine months ended December 31, 2023, was ₹1,33,812.64 lacs, compared to ₹1,31,214.23 lacs for the nine months ended December 31, 2022. Profit before exceptional items and tax for the quarter ended December 31, 2023, was ₹4,252.49 lacs, compared to ₹3,879.37 lacs for the quarter ended December 31, 2022. Profit before exceptional items and tax for the nine months ended December 31, 2023, was ₹7,377.89 lacs, compared to ₹6,144.30 lacs for the nine months ended December 31, 2022. Net profit for the quarter ended December 31, 2023, was ₹3,176.28 lacs, compared to ₹2,901.54 lacs for the quarter ended December 31, 2022. Net profit for the nine months ended December 31, 2023, was ₹5,500.66 lacs, compared to ₹4,814.71 lacs for the nine months ended December 31, 2022. Earnings per equity share (not annualized) for the quarter ended December 31, 2023, was ₹37.33, compared to ₹34.10 for the quarter ended December 31, 2022. Earnings per equity share (not annualized) for the nine months ended December 31, 2023, was ₹64.65, compared to ₹56.59 for the nine months ended December 31, 2022.

Segment Reporting: The company's business segments comprise Alcoholic and Non-alcoholic products. For the quarter ended December 31, 2023, the Alcoholic segment contributed revenue of ₹66,982.92 lacs and profit before finance costs and tax of ₹4,636.41 lacs. The Non-alcoholic segment contributed revenue of ₹435.37 lacs and loss before finance costs and tax of ₹(72.40) lacs. For the nine months ended December 31, 2023, the Alcoholic segment contributed revenue of ₹1,31,737.65 lacs and profit before finance costs and tax of ₹8,345.58 lacs. The Non-alcoholic segment contributed revenue of ₹1,348.98 lacs and loss before finance costs and tax of ₹(175.28) lacs. Total segment assets as of December 31, 2023, were ₹56,021.16 lacs, with ₹44,527.72 lacs attributed to the Alcoholic segment and ₹1,626.23 lacs to the Non-alcoholic segment, and ₹9,867.21 lacs unallocated. Total segment liabilities as of December 31, 2023, were ₹22,511.49 lacs, with ₹19,380.57 lacs attributed to the Alcoholic segment and ₹409.89 lacs to the Non-alcoholic segment, and ₹2,721.03 lacs unallocated.

Other Notes: The financial results have been reviewed by the audit committee and approved by the Board of Directors on February 12, 2024. The financial results have been prepared in accordance with Ind AS as prescribed under section 133 of the Companies Act, 2013. Exceptional items during the previous year ended March 31, 2023, and previous year-to-date from April 1, 2022, to December 31, 2022, represent a gain of ₹301.04 lacs on the sale of land at Lucknow. Previous period figures have been regrouped/rearranged where necessary to make them comparable with the current period figures.