IMP Powers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1.The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 30th June, 2021



2.The Company is primarily engaged in the business of Electrical products like Power & Distribution Transformers, its parts and Hydro projects which together constitute a single segment accordance with in the Accounting Standard on "Segment Reporting (Ind AS 108)"



3.The Company has considered the possible effects that may result from the COVID-19 pandemic in the preparation of these financial results including the recoverability of the carrying value of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of COVID-19, the Company has, at the date of approval of these financial results, used internal and external sources of information and expects that the carrying value of the assets will be recovered. The impact of COVID-19 on the Company’s financial results may differ from that estimated as at the date of approval of the same.



4.The figures of the last quarter are the balancing figures between audited figures in respect of full financial year upto March 31, 2021 / March 31, 2020 and the unaudited published year-to-date figures upto December 31, 2020 / December 31, 2019 being the date of the end of the third quarter of financial year respectively which were subjected to limited review.



5.Exceptional Items includes

i. Written down of Inventories :During the quarter, the Company has written down the customised cost of Raw Material inventories Rs.2109.36 lakhs in semi finished goods on account of cancellation of orders by the vendors, at net realisable value and which has been subsequently utilised in the manufacturing of other finished goods.

ii) Short provision of warranty:Company has supplied the free replacement of materials of Rs.1914.18 lakhs to the vendors on account of repairs and maintenance of transformers sold during the previous years which has been shortly provided in the earlier years.



6.The Company has an order book of Rs. 276 Crores as 30/06/21.

7.Figures of the previous periods have been regrouped / reclassified / rearranged where ever considered necessary to conform current period/ Year Classification