Page 78 - BCML AR 2019-20

STATUTORY SECTION

RepoRt of the

BoaRd of diRectoRs

for the year ended 31st March, 2020

Your Directors have the pleasure of presenting their report as a part of the 44th Annual Report, along with the Audited Accounts of the
Company for the year ended 31st March, 2020.

Financial results
The financial results of the Company are summarised below:
(H in Lacs)
Particulars Standalone Consolidated
2019-20 2018-19 2019-20 2018-19
Revenue from operations 474129.40 428577.51 474129.40 428577.51
Profit before financial costs, tax, depreciation and amortisation, 72051.60 73181.91 72584.11 73181.91
exceptional items and other comprehensive income
Less: Finance costs 6417.02 4093.51 6417.02 4093.51
Less: Depreciation and amortisation expense 10141.73 9585.13 10141.73 9585.13
Profit before share of profit of associates and tax - - 56025.36 59503.27
Add: Share of profit of associates - - 780.67 675.48
Profit before tax 55492.85 59503.27 56806.03 60178.75
Less: Tax expense 4564.67 2439.41 4870.59 2596.77
Profit for the year 50928.18 57063.86 51935.44 57581.98
Other comprehensive income (net of tax) (701.39) (513.88) (689.56) (514.31)
Total comprehensive income for the year 50226.79 56549.98 51245.88 57067.67

Dividend and its Distribution Policy Company at the following web-link: http://chini.com/wp-content/
In terms of the Dividend Distribution Policy of the Company, the uploads/2019/11/Dividend_Distribution_Policy_2019.pdf
Board of Directors of the Company declared an interim dividend The Board has not proposed any final dividend for the financial year
of 250% (i.e. H2.50 per share on Equity Shares of the face value of ended 31st March, 2020 and accordingly, the interim dividend paid
H1/- each) for the financial year ended 31st March, 2020. Total outgo during the year shall be treated as final dividend.
on the interim dividend was H6,630.54 Lacs (including dividend
distribution tax of H1,130.54 Lacs). The said Dividend Distribution Reserves and surplus
Policy was revised by the Board at its meeting held on 11th The Company has transfered an amount of H20,000 Lacs to the
November, 2019. The said Policy has been annexed to this Report General Reserves.
as Annexure - I and the same is also available on the website of the

76 | Balrampur Chini Mills Limited