Interim report
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7th February, 2025 BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code - 543336 National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Mumbai- 400 051 Scrip Symbol: CHEMPLASTS Dear Sirs/Madam, Sub: Outcome of Board Meeting - Approval of Un -Audited Standalone and Consolidated Financial Results for the Quarter and nine months ended 31st December, 2024. In continuation of our earlier letter dated 30th January, 202 5 and pursuant to Regulation 33 of the SE BI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the Un -Audited Standalone as well as Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2024 together with the Limited Review Report on the above by the Statutory Auditors of the Company. The above have been duly approved by the Board of Directors at its meeting held today, which commenced at 4.00 P.M and concluded at 5.40 P.M This is for your information and records. Thanking you, Yours faithfully, For CHEMPLAST SANMAR LIMITED M Raman Company Secretary & Compliance Officer Memb. No. ACS 6248
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BS R & Co. LLP Chartered Accountants KRM Tower, 1st and 2nd Floors No. 1, Harrington Road, Chetpet Chennai -600 031, India Telephone +91 44 4608 3100 Fax +9144 4608 3199 Limited Review Report on unaudited standalone financial results of Chemplast Sanmar Limited for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Chemplast Sanmar Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Chemplast Sanmar Limited (hereinafter referred to as "the Company") for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chennai 07 February 2025 BS R & Co. (a oartnersh1p firm with Registration f\Jo BA6l223) converted mo a SR. & Co _LP (a L,mited Liability Partnership w th LLP Registration No AAB-8i81) with effect from October 14, 2013 For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Registered Office S Sethuraman Partner Membership No. 203491 UDIN: :t.,'>)...0_?)f-'1l�ML:il<--Tb Ir; 14th Floor, Cemrai a Wing :ind i'lorth C Wing, Nesr;o IT Park d, Nesco Center, Western EKpress Highway, Goregaon (Ea5t), i\llumba1 - 400063 Page 1 of 1
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CI-IEMPLAST SANMAR LIMITEI'.) Regd.Office: 9, Cathedral Road, Chennai - 600 086 Tel 91 44 2812 8500 Website: www.chemplastsanmar com E-mail id: grd@sanmargroup.com CIN: L24230TN1985PLC011637 !Unaudited Standalone Financial Results for the Quarter and Nine Months Ended 31st December 2024 Quarter Ended S.No. Particulars 31/12/2024 30/09/2024 (Unaudited) (Unaudited) 1 Revenue from operations 585.92 516.25 2 Other income 4.49 4.83 3 Total Income (1+2) 590.41 521.08 4 Expenses a) Cost of materials consumed 250.99 233.09 b) Purchase of stock-in-trade 51.63 - c) Changes in inventories of stock-in-trade. finished goods and 4.48 13.03 work-in-progress d) Employee benefits expense 46.85 44.78 e) Finance costs 21.46 19.65 fl Depreciation expense 34.99 33.56 q) Other expenses 217.40 211.26 Total Expenses 627.80 555.37 5 Profit/(Loss) before tax (3 - 4) (37.39' (34.29) 6 Tax expense (Refer Note 4) Current tax - (0.66) Current tax - earlier years - - Deferred tax (7 64) (25 76) Total (7.64) (26.42) 7 Profit/(Loss) after tax (5 - 6) (29.75) (7.87) 8 Other comprehensive income Items not to be reclassified to profit or loss in subsequent periods Re-measurement of defined benefit plans 0.30 0.31 Income Tax relating to remeasurement of Defined Benefit (0.07) (0.05) Plans Adjustment of deferred tax liability due to change in tax rates - 45.07 relatinq to assets revalued (Refer Note 4) Other Comprehensive Income for the period / year 0.23 45.33 9 Total comprehensive income (7 + 81 (29.52) 37.46 10 Paid-up equity share capital (Face value of Rs 5 each) 79 06 79 06 11 Other equity excludinq revaluation reserve 12 Other equity 13 Basic earnings per share (in Rs) - not annualised for periods other (1.88) (0.50) than March 31, 2024 14 Diluted earnings per share (in Rs) - not annualised for periods other (1.88) (0.50) than March 31, 2024 (Rs. in Crores) Nine Months Ended Year Ended 31/12/2023 31/12/2024 31/12/2023 31/03/2024 (Unaudited) (Unaudited) (Unaudited) (Audited) 439.11 1661.99 1139.58 1655.58 4.18 13.52 36.65 41.71 443.29 1675.51 1176.23 1697.29 175.80 711.80 497.84 726.19 128.69 159.01 129.54 160.56 (69.18) (53.84) (86.46) (38.40) 29.43 131.35 80.51 117.61 1085 60.70 19.68 32.70 26.72 101.86 72.19 106.73 184.33 640.16 560.29 748.07 486.64 1751.04 1273.59 1853.46 (43.35) (75.53) (97.36) (156.17) - - - - - - (0.68) 16.56 (35.17) (23 20) (51 62) 16.56 (35.17) (23.20) (52.30) (59.91) (40.36) (74.16) (103.87) 0.24 0.89 0.70 0.63 (0.08) (0.22) (0.24) (0.22) - 45.07 - - 0.16 45.74 0.46 0.41 (59.75) 5.38 (73.70) (103.46) 79 06 79 06 79 06 79 06 2677.56 3761.20 (3.79) (2.55) (4.69) (6.57) (3.79) (2.55) (4.69) (6.57)
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CHEMPLAST SANMAR LIMITED Notes to Unaudited Standalone Financial Results for the Quarter and Nine Months Ended 31st December 2024 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, this Statement of Unaudited Standalone Financial Results for the quarter and nine months ended 31st December 2024 ("Unaudited Standalone Financial Results") of Chemplast Sanmar Limited (the "Company") has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7th February 2025 and have been subjected to a limited review by the statutory auditor of the Company. An unmodified conclusion was issued by them thereon. 2 The Unaudited Standalone Financial Results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Requirements). 3 The Company's operations predominantly relate to manufacture and sale of Speciality Chemicals. As the Company's business activity falls within a single business segment viz 'Speciality Chemicals' and the sales substantially being in the domestic market, and as such there is no other separate reportable segment as per Ind AS 108 "Operating Segments". 4 During the previous quarter, the Company had elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 with effect from FY 2023-24. Accordingly the Deferred Tax Liability (net) as at 31st March, 2024 and the tax expense for quarter ended 30th September 2024 was remeasured at a lower rate of tax. The cumulative impact of this change i.e. reversal of deferred tax liability, recognized in the Statement of Profit and Loss and other comprehensive income is INR 18.41 crores and INR 45.07 crores respectively for the quarter ended 30th September 2024 and nine months ended 31st December, 2024. 5 The previous period/ year comparatives have been regrouped/rearranged wherever necessary to conform to the current period's presentation. 6 This Unaudited Standalone Financial Results is also available on the stock exchange websites www.bseindia.com and www.nseindia.com and on our website www.chemplastsanmar.com. Place : Chennai Date : 7th February 2025 For and on behalf of the Board � � Sanma, Limited lj � .----Ramkumar Shankar Managing Director DIN : 00018391 Vijay Sankar Chairman DIN : 00007875
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BS R & Co. LLP Chartered Accountants KRM Tower, 1st and 2nd Floors No. 1, Harrington Road, Chetpet Chennai -600 031, India Telephone: +91 44 4608 3100 Fax: +9144 4608 3199 Limited Review Report on unaudited consolidated financial results of Chemplast Sanmar Limited for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Chemplast Sanmar Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Chemplast Sanmar Limited (hereinafter referred to as "the Parent"), and its subsidiary (the Parent and its subsidiary together referred to as "the Group") for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Chemplast Sanmar Limited and Chemplast Cuddalore Vinyls Limited BS R & Co (a oartnersh1p firm with Reg1strat1on No BA61223) converted into BS R & Co. LLP \a l.im1tea Liabilitv Partnership with LLP Registration No AAB�8181) with effect from October 14, 2013 Registered Office 14th Floor, Central 8 Wing and North C Vv'1ng, Nesco 1T Park 4, Nesco Center, Western Express Highwa•1, Goregaon (East), Mumbai• 400063 Page 1 of 2
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BS R & Co. LLP Limited Review Report (Continued) Chemplast Sanmar Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chennai 07 February 2025 For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 Partner Membership No.: 203491 UDIN: 2J.,:l03l-{1 \�ML��S& I O"t Page 2 of 2
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GHEMPLAST SANMAR LIMITED Regd.Office: 9, Cathedral Road, Chennai - 600 086 Tel 91 44 2812 8500 Website: www.chemplastsanmar.com E-mail id: grd@sanmargroup.com CIN: L24230TN1985PLC011637 !Unaudited Consolidated Financial Results for the Quarter and Nine Months Ended 31st December 2024 Quarter Ended S.No. Particulars 31/12/2024 30/09/2024 (Unaudited) (Unaudited) 1 Revenue from operations 1057.55 992.75 2 Other income 10.81 1085 3 Total Income (1+2) 1068,36 1003.60 4 Expenses a) Cost of materials consumed 696.72 715.35 b) Purchase of stock-in-trade - - c) Changes in inventories of stock-in-trade, finished goods and (13.55) (91.24) work-in-progress d) Employee benefits expense 66.77 66.17 e) Finance costs 58.78 56.79 f) Depreciation expense 47 05 45.30 g) Other expenses 275.56 276.67 Total Expenses 1131.33 1069,04 5 Profit/(Loss) before tax (3 - 4) (62.97) (65.44) 6 Tax Expense (Refer note 4) Current tax (2 68) (2 93) Current tax - earlier years - - Deferred tax (11.47) (31 25) Total (14.15 (34.18) 7 Profit/(Loss) after tax (5 - 6) (48,82) (31.26' 8 Other Comprehensive Income Items not to be reclassified to profit or loss in subsequent periods Re-measurement of defined benefit plans 0.39 0.39 Income Tax relating to remeasurement of Defined Benefit Plans (0.09) (0.07) Adjustment of deferred tax liability due to change in tax rates - 45 07 relating to assets revalued (Refer note 4) Other Comprehensive Income for the period / year 0.30 45.39 9 Total comprehensive income (7 + 8) (48.52) 14.13 10 Paid-up equity share capital (Face value of Rs 5 each) 79 06 79 06 11 Other equity excludinq revaluation reserve 12 Other equity 13 Basic earnings per share (in Rs) - not annualised for periods other (3.06) (1.95) than March 31, 2024 14 Diluted earnings per share (in Rs) - not annualised for periods other (3.06) (1.95) than March 31. 2024 (Rs. in Crores) Nine Months Ended Year Ended 31/12/2023 31/12/2024 31/12/2023 31/03/2024 (Unaudited) (Unaudited) (Unaudited) (Audited) 888.10 3195.19 2872,26 3922.98 12.65 33.16 67.85 8047 900.75 3228.35 2940.11 4003.45 642.12 2175.22 2015.85 2715.81 - - 0.85 0.85 (38.84) (183.37) (32.19) (849) 41.98 191.27 119.17 170.22 46.81 174.22 129.57 180.52 37.61 137 06 105.39 151.36 249.41 830.13 763.72 1018.75 979.09 3324.53 3102.36 4229.02 (78,34) (96.18) (162.25) (225.57) - - - - - - - (1 69) 11.04 (39 99) (34 95) (65.45) 11.04 (39.99) (34.95) (67.14) (89.38' (56.19 (127.30) (158.43) 0.33 1.13 0.96 0.81 (0.11) (0.28) (0.31) (0.26) - 45.07 - - 0.22 45.92 0.65 0.55 (89.16) (10.27) (126.65) (157.88) 79 06 79.06 79.06 79 06 110.78 1621.52 (5.65) (3.53) (8.05) (10.02) (5.65) (3.53) (8 05) (10.02)
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CHEMPLAST SANMAR LIMITED Re91tOffii;e; s, C.ilhednll Road, Chennai - BOO 050 Tel: 91 44 2812 8500 Website: www.chemplastsanmar.com E-mail id: grd@sanmargroup.com CIN: L24230TN1985PLC011637 !Unaudited Consolidated Segment wise Revenue, Results, Segment Assets, Segment Liabilities and Capital Employed Particulars Quarter Ended 31/12/2024 30/09/2024 31/12/2023 (Unaudited) (Unaudited) (Unaudited) 1 SEGMENT REVENUE Soecialities 585.92 516.25 439.11 Commodity 536.57 536.08 554.10 Un-allocable operating income Total 1122.49 1052.33 993.21 Inter segment revenue 164.94 159.58) 1105.111 Total revenue from operations 1057 .55 992.75 888.10 2 SEGMENT RESULTS Soecialities 137.39' 134.29) (43 351 Commodity 126.45 129.97) (34 82) Total 163.841 164.261 (78.17) Other net un-allocable income I (expense) and inter 0.87 (118) (0.17) segment eliminations Profit/(Loss) before Tax 162.971 165.441 (78.34) 3 SEGMENT ASSETS Specialities 4446.04 4327.85 4072.22 Commodity 1716.00 1767.31 1813.02 Other un-allocable assets Inter seament assets 126.47' 17.161 (53 321 Total 6135.57 6088.00 5831.92 4 SEGMENT LIABILITIES Specialities 2156.78 2009.94 1758.08 Commoditv 2314.95 2346.39 2395.35 Other un-allocable liabilities Inter seamen! liabilities 126.47 17 161 (53 32) Total 4445.26 4349.17 4100.11 5 CAPITAL EMPLOYED (SEGMENT ASSETS - SEGMENT LIABILITIES) Specialities 2289.26 2317.91 2314.14 Commoditv 1598.95' 1579.081 1582.33) Other un-allocable assets net of liabilities Total 1690.31 1738.83 1731.81 (Rs in Crores) Nine Months Ended Year Ended 31/12/2024 31/12/2023 31/03/2024 (Unaudited) (Unaudited) (Audited) 1661.99 1139.58 1655.58 1723.06 1843.70 2447.70 3385.05 2983.28 4103.28 (189 86) (111 02) (180.30 3195.19 2872.26 3922.98 (75.53) (97 36) (156 17 (20 14) (64 721 169.24 (95.671 (162.08) (225.41) (0.51) (0.17) (0.16) (96.18) (162.25) (225.57) 4446.04 4072.22 4274.39 1716.00 1813.02 1767.26 (26.47) (53 321 111 35 6135.57 5831.92 6030.30 2156.78 1758.08 1990.00 2314.95 2395.35 2351.07 (26.47) (53 32) (11 35 4445.26 4100.11 4329.72 2289.26 2314.14 2284.39 (598.95) (582 331 (583 81 1690.31 1731.81 1700.58 Operating segments are those components of the business whose operating results are regularly reviewed by the management to make decisions for performance assessment and resource allocation. Segment performance is evaluated based on the profit or loss of reportable segment and is measured consistently. The Operating segments have been identified on the basis of the nature of products. a. Segment revenue represents revenue from operations directly identifiable with/ allocable to the segment including inter-segment revenue b. Expenses that are directly identifiable with / allocable to segments are considered for determining the segment result Expenses which relate to the Group as a whole and not allocable to segments are included under unallocable expenditure. c Income which relates to the Group as a whole and not allocable to segments is included in unallocable income. d. Segment result includes margins on inter-segment sales which are reduced in arriving at the profit before tax of the Group. e Segment assets and liabilities include those directly identifiable with the respective segments. Unallocable assets and liabilities represent the assets and liabilities that relate to the Group as a whole and not allocable to any segment.
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CHEMPLAST SANMAR LIMITED Notes to Unaudited Consolidated Financial Results for the Quarter and Nine Months Ended 31st December 2024 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this Statement of Unaudited Consolidated Financial Results for the quarter and nine months ended 31st December 2024 ("Unaudited Consolidated Financial Results") of Chemplast Sanmar Limited (the "Holding Company" or the "Company") and Chemplast Cuddalore Vinyls Limited, its wholly owned subsidiary (the Holding company and its Subsidiary together referred to as the "Group") has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7th February 2025 and have been subjected to a limited review by the statutory auditor of the Company An unmodified conclusion is issued by them thereon. 2 The Unaudited Consolidated Financial Results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Requirements). 3 The Board of Directors of the Holding Company, who have been identified as the Chief Operating Decision Maker (CODM), evaluates the Group's performance, allocate resources based on the analysis of the various performance indicators of the Group into manufacture and sale of speciality chemicals and commodity chemicals as per the requirement of Ind-AS 108 "Operating Segments". 4 During the previous quarter, the Holding Company had elected to exercise the option permitted under section 115BM of the Income Tax Act, 1961 with effect from FY 2023-24. Accordingly the Deferred Tax Liability (net) as at 31st March, 2024 and the tax expense for the quarter ended 30th September 2024 was remeasured at a lower rate of tax. The cumulative impact of this change i.e. reversal of deferred tax liability, recognized in the consolidated Statement of Profit and Loss and other comprehensive income is INR 18.41 crores and INR 45 07 crores respectively for the quarter ended 30th September 2024 and nine months ended 31st December, 2024. 5 The previous period/ year comparatives have been regrouped/rearranged wherever necessary to conform to the current period's presentation. 6 This Unaudited Consolidated Financial Results is also available on the stock exchange websites www.bseindia.com and www.nseindia.com and on our website www.chemplastsanmar.com. Place : Chennai Date : 7th February 2025 For and on behalf of the Board Chemplast Sanmar Limited �� �-- Ramkumar Shankar Managing Director DIN : 00018391 Vijay Sankar Chairman DIN : 00007875