Srikalahasthi Pipes Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The above financial results prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read With SEBI circular dated July 5, 2016, have been reviewed by Audit Committee and approved by the Board of Directors at Its meeting held on January 31, 2019. The results have been subjected to limited review by the Statutory Auditors.
2. Goods and Service Tax (GST) has been implemented with effect from July 1, 2017 and therefore revenue from operation for the quarter and nine months ended December31, 2018 are net of GST. Revenue from operations and expenses for the nine months ended December31, 2017 being Inclusive of Excise duty for the period up to June 30, 2017 and are not comparable: For Table, kindly refer Corporate Announcements on www.bseindia.com.
3. Revenue from Operations includes Trading Sales Rs. Nil for the current quarter and Rs. 5282.40 lakhs for nine months ended 31/12/18 as against Rs. 5247.68 for the immediately preceding quarter ended 30/9/18 and Rs. 12764.75 Lakhs for nine months ended 31/12/2017.
4. In terms of INDAS 108 "Operating Segment", the Company has one business segment i.e, Pipes and all other activities revolve around the main business..
5. Previous periods' figures have been regrouped rearranged wherever necessary.