ABC Bearings Limited

Registered O~ce : 492 ',.B; poonam .Chambers ,

Dr; Annie BesantRoad; Worn, Mvmbii- 400018.

CIN: L29130MHf961PlC012028

SEC/ABC/BSE/SBD/RKl217/2016

ABC

Phone : +91 22 2496 4500

F a x : +91 22 2495 0521
E-mail: (egdoff@abcbearlngs.com
Wl3bsite : www.abcbearings,cOITi

19th October, 2016.

BSE Limited,
P.J. Towers,

Dalal Street, Fort,

Mumbai - 400001.

Dear Sirs,
Sub: Unaudited Financial Results for the Quarter and half year ended 30 th
September, 2016.
Ref: Scrip Code No. 505665.

Pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, we are forWarding herewith Unaudited Financial
Results for the quarter and half year ended 30th September, 2016.
The above results have been reviewed by the Audit Committee and approved by the
Board of Directors of the Company at their meeting held on 19th September, 2016.
We also enclose "Limited Review Report" dated 19th October, 2016, issued by our
Statutory Auditors, MIs. Parikh & Shah, Chartered Accountants, Mumbai, inr
respect of Unaudited Financial Results for the quarter ended 30 th September, 2016.

Kindly take the above on record.

Thanking you,
fully,
earings Limited

S.B. Desai
Company Secretary
End: As above.

ABC Bearings Limited

Regd. Office: 402-B, Poonam Chambers, Dr. Annie Besant Road, Worll, Mumbai - 400 018.

CIN:L29130MH1961PLC012028

Phone :+91 22 24964500: Fax:+91 2224950527: E-mall:regdoff@abcbearlngs.com: Webslte:www.abcbearings.com

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH SEPTEMBER, 2016
Rs In Lacs
Half Year Ended
)uarter ended
Year Ended
Sr.
Particulars
30.09.2016 30.06.2016 30.09.2015 30.09.2016 30.09.2015 31.03.2016
No.
Audited
Unaudited Unaudited Unaudited Unaudited Unaudited
1 Income from operations
9,606.40
9,938.29
a) Net Sales/Income from operations
19.919.31
4.723.27
5.575.36
4.362.93
(Including excise duty)
85.52
96.81
149.05
30.27
blOther Operating Income
53.76 i
55.25
9703.21
20068.36
Total Income from operations (net)
4418.18
5605.63
4777.03 10023.81
2 Expenses
7,956.91
4,540.14
3,948.00
a) Cost of Materials Consumed
2,415.01
1.949.59
2.125.13
13.93
28.50
b) Purchase of Stock -In-trade
6.25
c) Change In Inventories of finished goods, work-in
990.88
195.18
(615.51)
443.72
progress and stock-in-trade.
(627.77)
12.26
1,052.66
2,087.29
d) Employee Benefit Expenses
1,086.68
533.39
516.28
553.29
627.26
1,251.49
e) Depreciation and Amortisation Expenses
316.56
645.58
329.02
311.98
1,080.32
963.13
2,010.80
f) Excise duty expenses
562.27
494.59
518.05
4263.42
2030.39
g) Other Expenses
2348.38
1165.26
1183.12
l.Q16.55
18589.29
9079.09
5004.75
4490.42
9085.59
Total Ex~enses
4080.84
3 Profit from Operations before Other Income,
1479.07
938.22
624.12
Finance Costs and Exceptional Items (1-2)
337.34
600.88
286.61
4 Other Income
39.52
21.41
57.09
22.95
9.39
16.57
5 Proflt/(Loss) from ordinary activities before
finance cost and Exceptional Items (3+4)
296.00
977.74
645.53
1,536.16
353.91
623.83
697.84
255.84
384.22
6 Finance costs
199.64
131.83
124.01
Proflt/(Loss) from ordinary activities after
7
261.31
838.32
finance costs but before Exceptional Items (5-6)
222.08
499.82
96.36
721.90
8 i Exceptional Items
9 Proflt( + ) / Loss( -) from Ordinary Activities
before Tax C7-S}
838.32
499.82
96.36
721.90
261.31
222.08
10 Tax Expense
174.56
34.05
252.11
88.59
290.37
77.55
11 Net Profit (+)/(Loss) (-) from Ordinary
Activities after tax (9-10)
547.95
144.53
325.26
62.31
469.79
172.72
12 Extraordinary Items
(Net of Tax Exoenses Rs. Nlll
13 Net Profit/CLoss) for the period Cl1-12)
62.31
469.79
547.95
144.53
325.26
172.72
14 Paid up Equity Share Capital
{Face value Rs. 10/ per share)
1155.00
1155.00
1155.00
1 155.00
1155.00
1155.00
15 Reserves Exciualng Revaluation Reserves as per balance
sheet of previous accounting year
11 541.17
16 Earnings Per Share
i) BasiC & diluted EPS before Extraordinary
,.. tI.74
Items for the period (Not Annuallsed)
0.54
4.07
1.50
1.25
2.82
II) BasiC & diluted EPS after Extraordinary
i
Items for the period (Not Annualisedl
4.74
1.25
2.82
0.54
4.07
1.50
Notes.
1 The Company Is primarily engaged In the business of Bearings and accordingly there are no separate reportable segments pursuant to
, Accounting Standard-17 on "Segment Reporting".

2
3

The above results subjected to a "Limited Review" by the statutory auditors have been reviewed by the Audit Committee and approved
by the Board of Directors at Its meeting held on 19th October, 2016.The statutory auditors have Issued an unqualified report.
Figures have been regrouped wherever necessary for comparison.

Statement of Assets and Llabilitlesis as at 30th September 2016 Is as under:

Sr.
No.

As at 30th September, 2016

Particulars

naUUIle

EQUITY AND LIABILITIES

Share Capital
(a) Share Capital
(b) Reserves and Surplus

Sub-total - Shareholders' funds

2

Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions

Sub-total - Non-current liabilities

3

Current liabilities
(a) Short-term borrowings
(b) Trade payables
(cl Other current liabilities
(d) Short-term provisions

Sub-total - Current liabilities

TOTAL - EQUITY AND LIABILITIES

ASSETS

Non-current assets
(a) Fixed assets
(b) Non-current Investments
(c) Long-term loans and advances

Sub-total - Non-Current assets

2

Current assets
(a) Inventories
(b) Trade receivables
(c) Cash and cash equivalents
(d) Short-term loans and advances
(el Other current assets

TOTAL - ASSETS

As at 31st March, 2016

rlUOlle

1,155.00
12010.97

1,155.00
11 541.17

13165.97

12,6jl6.17

1,969.62
1,539.33
707.27
136.72

2,576.41
1,441.47
716.28
131.54

4.3:4:.94

4,15~.i'U

2,205.72
2,705.13
2,537.56
21.12

1,743.49
2,615.02
2,316.25
320.64

7469.53

6995;40

24988.44

24557.27

15,633.76
1,250.00
1063.45

16,110.05
1,250.00
1121.72

17947.21

18481.77

3,767.66
2,445.90
431.04
380.84
15.79

2,988.49

24988.44

24557.27

f,355.82
345.83
371.14
14.22

Fo, .nd 0" be" or BO'nI~t'

Place: Mumbal
Date: 19.10.2016

P.:"M."Patel
Managing Director
DIN: 00012138

PARIKH &SHAH (REGD.)

236302 69
Phones: { 2363 23 74
2361 8373
Fax: 91-22-2361 8472
E-mail: parlkhnshah@gmall.com

CHARTERED ACCOUNTANTS

--------D. B. MOHINI, B.Com.,F.C.A.

V. M. PARIKH, B.Com.,F.C.A.
H. K. DESAI, B.Com.,F.C.A.

Bhupatl Chambers, 1st Floor,

13, Mathew Road,
Opera House,
MUMBAI - 400 004.

To,
The Board of Directors,
ABC Bearings Limited
MUMBAI.,

We have reviewed the accompanying statement of unaudited financial results of

ABC Bearings Limited for the quarter ended 30th $eptember,2016. This
Statement is the responsibility Of the Company's Mana~ement and has been
approved by the Board of Directors. Our responsibility is to issue a report on
these financial statements based on our review.
We: 't'>oFlducted our' review in accordance with the Standard on Review
Engagement .(SHE) 2400 Engagements to Review Financial Statements issued
by thEdnstitute of Chartered Accountants of India. This standard requires that we
plan and perform the review to obtain moderate assurance as to whether the
financial statements are free of material misstatement. A review is limited
primarily to inquiries of company personnel and analytical procedures applied
tb financial data and thus provides less assurance than an audit. We have not
performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that
causes us to believe that the accompanying statement of unaudited financial
result~ prepared in accordance with applicable Accounting Standards and other
recognised accounting practices and policies has not disclosed the information
required to be disclosed in terms of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,2015 including the
manner in. which. it is to be disclosed, or that it contains any material
tTl isstHtement.

--+-::1=.Qr~,

-:....

~l1artered

\~??l::X
....\

Date : '19 th October,2016

Place: Mumbai

KH & SHAH
Acc ntants

(H.K.Desai)
PARTNER
Membership No. : 13719