Astra Microwave Products : Audited Financial Results for the fourth quarter and year ended 31st March,2016

35846483-ade2-4235-af5e-f1ff3580afe3.pdf ASTRA MICROWAVE PRODUCTS LIMITED

Regd. Office : ASTRA Towers, Survey No. 12 (P), Kothaguda Post, Kondapur, Hitechc ity, Hyderabad, Te langana, INDIA - 500084 . Tel : +91-40-306 18000, 306 18001 . Fax : +91-40-30618048

E-mail : info@astramwp.com,webs ite : www.astramwp. com CIN : L29309TG 1991PLCOl3203

Ref: AMP: BSE:TA N:2016- 17

A pril 29 , 2016

To

The Manager

Listing Department

The Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001 .

Dear sir,

Sub: Submission of Audited Financial Results for the fourth quarter and year ended 31st March, 2016 - Reg.

In continuation of our letter dated April 18, 2016 , we wish to inform you that at its meeting held today, the Board of Directors of the Company approved the Audited Financial Results (Standalone and Consolidated) for the quarter I year ended March 31, 2016.

The Board of Directors have recommended for members approval payment of Equity dividend @ Rs.1.20 paise per share (Face value: Rs.2/-) for the year.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:

• 1) Statements showing the the Audited Financial Results (Standalone and Consolidated) for the quarter/year ended March 31, 2016.

• Form A (for audit report with unmodified opinion) - (Standalone and Consolidated) and

• Auditor s' Report on the Audited Financial Results - (Standalone and Consolidated).

The meeting of the Board of directors commenced at 11.00 A M and concluded at 4 .50 P.M.

This is for your information and records. Thanking you,

Yours faithfully,

y

For Astra Microwave Products Ltd

1/1,, o-v-

T.Anjaneyulu Company Secretary

Works :

Unit 1 : Plot No. 12, ANR ICH Industr ial Estate, Bollaram, Medak Dist., T.S. - 502325 Unit 2 : Plot No. 56A, AN RICH Industrial Estate, Bollaram, Medak Dist., T.S. - 502325

Unit 3 : Sy. No. 1/1, lmarath Kancha, Raviryala (Vil), Maheshwaram (Mdl) R.R.Dist., T.S. - 500 005

Unit 4 : Sy. No. 1/1, Plot No. 18 to 21, lmarath Kancha, Hardware Park, Raviryala (V), Maheswaram (M), R.R.Dist, T.S. - 500005 R&D Centre : Y.D.Archade, No. 327, 4th Cross, Opp: Sivaparvat hi Kalyan Mantapa, OMBR Layout, Banaswadi, Bangalore, Karnataka - 560043.

ASTRA MICROWAVE PRODUCTS LIMITED

Astra Towers, Sy.No: 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad - 500084

CIN: L29309TG1991PLC013203

Audited Financial Results for the Quarter and Year Ended 31.03.2016

I II

Rs. lacs

Quarters Ended Year Ended Year Ended

PARTICULARS 31/03/2016 31/12/2015 31/03/2015 31/03/2015 31/03/2016 31/03/2016

(Audited) (Un-audited) (Audited) (Audited) (Audited) (Audited)

Consolidated

a) Net Sales/Income from Operations (Net of Excise Duty)	12,415.76	8,936.18	10,757.00	63,356.45	41,880.03	41882.65
b) Other Operating Income	19.81	19.44	77.27	77.27	78.02
Total Income from Operations (ner)	12,435.57	8,955.62	10,834.27	63,433.72	41,958.05	41,882.65
a) Cost of Materials Consumed	4,305.77 3,760.34 7,344.24 43,838.72 19,345.33					16318.61
b) Purchase of Stock-in-trade	- - - - -
c) Changes in inventories of finished goods, work-in-Progress
and stock-in-trade	1,818.66 552.48 (582.77) (504.53) 2,587.47					5118.46
d) Employees benefits Expenses	1,798.23	1,123.66	1,314.04	3,948.83	5,082.04	5295.80
e) Other Manufacturing Expenses	266.76	158.67	180.63	800.19	829.27	933.12
f) Depreciation and amortisation Expenses	652.77	610.71	621.13	2,153.85	2,358.44	2404.20
g) Sales Tax, VAT and Service Tax	479.15	344.05	219.43	l,130.80	1,293.76	1291.27
h) Other expenses (Any item exceeding 10% of the total
expenses relating to continuing operations to be shown

1. Income from Operations

2. Expenses

   seperately) 897.44 744.56 1,047.40 3,581.31 3,287.82 3341.90

   Total Expeses 10,218.78 7,294.47 10,144.10 54,949.17 34,784.13 34,703.36

3. Profit / (Loss) from operations before other income, finance

costs and exceptions items (1-2) 2,216.79 1,661.15 690.17 8,484.55 7,173.92 7,179.29

4.0ther Income 215.77 511.41 39.41 613.93 838.01 850.25

1. Profit / (Loss) from ordinary activities before finance costs

   and exceptional items (3+4) 2,432.56 2,172.56 729.58 9,098.48 8,011.93 8,029.54

   ,

2. Finance Costs -. . .

   201.79 247.01 258.34 948.29 878.84 912.87

   ,. • , ..c

   --.... -.......

   0

   ' .j

   J}

   'T.

   -4

   (,)

   ,

   -

3. Profit / (Loss) from ordinary activities after finance cost

but before exceptional Items (5+6) 2,230.77 1,925.55 471.24 8,150.19 7,133.09 7,116.67

8.Exceptional Items 7.54 3.65 (5.53) (6.37) 2.11 2.51

9.Profit / (Loss) from ordinary activities before tax (7+8) 2,238.31 1,929.20 465.71 8,143.82 7,135.20 7,119.18

10.Tax Expenses 326.96 506.32 (86.46) 2,071.31 1,499.29 1482.15

11.Net Profit / (Loss) from ordinary activities after tax (9+10) 1,911.35 1,422.88 552.17 6,072.51 5,635.91 5,637.03 12.Extraordinary items (net of tax Rs.expenses Lakhs) - - - - -

13. Net Profit / (Loss) for the period (11+12) 1,911.35 1,422.88 552.17 6,072.51 5,635.91 5,637.03

14.Share of Profit / (Loss) of associates* - - - - - (10.84) 15,Minority Interest* -

16.Net Profit / (Loss) after taxes, minority interest and

share of Profit / (Loss) of associates (13+14+15) 1,911.35 1,422.88 552.17 6,072.51 5,635.91 5,626.19 17.Paid-up equity share capital (Face Value of the share

shall be indiated) 1,732.23 1,732.23 1,636.50 1,636.50 1,732.23 1,732.23

18.Reserve Excluding Revaluation Reserves as per balance

sheet of previous accounting year

19.i.Earning per share (before extraordinary items) (of Rs. Z/-Each) (not annualised):

27365.41 38027.37 38197.98

(a)	Basic	2.23	1.73	0.67	7.42	6.77	6.76
(b)	Diluted	2.23	1.73	0.67	7.42	6.77	6.76
19.ii.Earnings per share (after extraordinary items) (of Rs.Z/- Each) (not annualised):
(a)	Basic	2.23	1.73	0.67	7.42	6.77	6.76
(b)	Diluted	2.23	1.73	0.67	7.42	6.77	6.76

20. (a) Debt Service Coverage Ratio	1.52	2.00	1.02	2.75	2.19	2.13
(b) Interest Service Coverage Ratio	12.09	8.81	2.80	9.59	9.12	8.80
( c ) Debt - Equity Ratio	0.17	0.21	0.31	0.31	0.17	0.17

21. Net Worth 39768 39099 29002 29002 39760 39930

t£ --

-- t -

1- -- - r= - i

22. Capital Redemption Reserve/ Debenture Redemption Reserve 417 0 0 0 417 417

- --- -- -- -

,-u

())t - .

- - -- - - - +------ t - -

tfr

.5L-:-aa -t-.c I• • "'

* H'IIJ

'14

I.To facilitate comparision figures of the p,evious yea, we,e ,egrnuped whe,eeve, necessa,y. --t- 1: _+

Notes: . ' -t-_

_ -+- .

_ l -- --

1. The Company has one business segment only,viz.,design,development and manufactures of RF&Microwavecnents and

   sub-systems for wireless communication and hence segmenwise reporting is not applicable.

   J_

   t-

2. The company has an order booking of Rs. 538 er as of 31.03.'16 which is executable in the next 12 to 18 months period. Orders booked

during the year upto 31.03.2016 is Rs.404 er --i-

L

The details as per the Debt listing regulations :

-- -

- - --r -----. -

- - -- - -

4(a) Company Credit rating is A+/Stable from Crisil and the same has been re-affairmed

-=r i--

-

=-- -- -

(b). The listed non- convertible debentures aggregating Rs.50 crores as on 31st March, 2016, are secured by way of First Pari Passu charge

-

there of exceeds hundred per cent of the principal amount of the said Debentures +-

-- - - -+=-=-i ---

over the Fixed Assets of the Company both present and future other than those Assets that are exsively charged and the assets covered

- -

- -

r-

Rs. lacs

Quarters Ended Year ended Year Ended

Particulars 31/03/2016 31/12/2015 31/03/2015 31/03/2015 31/03/2016 31/03/2016

- -- --

- -

(Audited) (Un-audited)		(Audited)	(Audited)	(Audited)	(Audited) Consolidated
( c) Debt equity ratio is	0.17	0.21	0.31	0.31	0.17	0.17
(d) Debt Service Coverage Ratio	1.52	2.00	1.02	2.75	2.19	2.13
(e )Interest Service Coverage Ratio	12.09	8.81	2.80	9.59	9.12	8.80
(f) Net Worth	39760	39099	29002	29002	39760	39930
(g) Earning Per Share	2.23	1.73	0.67	7.42	6.77	6.76
(h) Net Profit after tax	1,911.35	1,422.88	552.17	6,072.51	5,635.91	5,626.19

_L _J_ l_ I

1. Interest and principal repayment of non-covertible debt securities during last six months and next six months are not due for payment

   -

   Particulars Previous Due Date Next Due Date

   --

   1st Oct 2015 to 31st Mar 2016 1st April 2016 to 30th. Sep 2016

   - Principal Interest Principal Interest

   ----

   - -- - - - +- t

   -- -

   Non- Convertible Debentures Nil Nil Nil Nil - -

2. Captal redemption Resereve - Nil -- - -- - - - -- - --

Debenture Redemption Reserve

--

Company created a Debenture Redemption Reserve account and transferred from its profits an amount of Rs.4.17 crores

Company will also transfer Rs.4.17 er • r • "ear for next two financial years aggregating to 25% of Debenture value.

- --

-