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WINDSOR MACHINES tIMITED.

Regd.Office-102/lO3,DevMilanCo.op.HousingSocietv, NexttoTipTopPlaza'LsRoad'Thane(w)'400504

websiteIwww.wind50rmachin€s.com,emailicontad@windsormachines'com,c1N.1.99999MH1963P1c012642

STANDALONE/CONSOI.IDATEO AUDITED FINANCIALRESULTS FORTHE QUARTERANOYEAR ENDED ON MARCH 31' 2018

I in bkhrPART I

STANDAI,ONECONSOLIDATEO

Sr.

No,Pafti(ulars

Corregponding 3

3monthi Preceding3 months inthe Accounting Accounting

endedon monthsended Pteviousyear Year€nd€don Yearendedon

31.03.2018 on 31.12.2017 ended on 31'03'2018 31 03 2017

37.03.2017

-

qccountin8 | Accounting

31.03.2018 | 31.03.2017

fluaitedl (audited)IAudited| (Un-audited) (e,dited- (Au(

1

lncome

a) Revenue from operations (ReIer note 8)

b) Other income

Total lnaome

r4r@.27 a,47.s4 9,432.50 35,690'01 32,835 02

/&15.86 346.77 331.02 '"52s'51

1,048 86

39830.9t

1539.8:

38,210.67

1,097.59

12,E10.13 A,7a43r 9'16351 ,- aEz--- BEv 41370.791 39,308.25

2 Expenses

a) Cost of raw materials consumed

b) Ch.nges in inventories offinished

goods, work-in-progress & stock in trade

c) Excise Duty on Finished Goods

d) Employee benefits expense

e) Finance cost

f) Depreciation and amoftisation expense (Refer note 9)

E) Other expenses

T.tel dDenses

7,603.42 5,387.13 4,172.38 22,401'45 18'7Os 22

401.69 {30.92) 1,516.21 (9s.69) \146.74)

- 755.27 535 59 2,807'15

1,085.76 1,112.08 889.71 4,29520 3,947 6a

281.58 285.58 216.45 L,184'44 a6zA4

830.30 171.42 873 02 L,350'27 1''27! 70

1,906.08 99s.03 1,326 38 4813 8s ---j'31s

i1

24855.E61 21,5s2.64

ts5s.7zll 2!2.2a

,rr.rrl 2.807.1s

sso'.34l 5,186.8G

1312.s01 880.73

1ses.14l 1,4oo.oo

5905.2i 5,364.

@g,8oe.?!,-!91q9:11--11 39L62.21

3tofit (*)Aot. (-) tro, ordinary activities before:--^^+i^6-r iram< I 1 -, \

7OL.ZO 863.99 (45.84) 2,727,41 2'12126 2208.S1 1,904.48

Items

5;;fit(+)/toss(-) from ordinary Activities before tex and

ihare of loss from investment (3+4)7OL.2O 863.99 (4s.84) 2,727.41 2,721'26 2208.5' 1,904.48

5;hare in Gain/lLoss) from lovestment eccounted under

louitv Method

(2.89

2rofit(+)/Lossl-) from Ordinary Activities before tax 701.20 863.99 (45.84) 2,721.41 2,121 26 2205,6i 1,904.48

8 Tax expense

CurrentTax (Refer note no 10)

DeferredTax (Refer note no 9)

505.00 34O.OO 134.00 '"225'00

750 00

(208.301 {27.38} (5.36) (24,14------142'011232.E1

1223.171

772,44

142.01

9Gi-tt(*yttt(-) f,om ordinary Activities after tax {7' 404.50 551.37 (173.48) 1,725.58 1,229 25 1195.9t 989.99

10 :xtraordinarY item

lld Prolit(+)/Loss(-) after Taxes and Extraordinary items

tq-1nl404.50 551.37 (173.48) L,lZS,sA 1,229 25 1195.98 989.99

12 )ther ComPrehensive lncome

tems that will not be reclassified to Profit or loss;

Remeasurement ofthe net defined benefit liabiliy/

tems that may be reclassifiedto profit or loss:

Erchange differences on translation of foreign

operations

(19.s4) 20.91 0.64 (45.29) 2s5 (45.29)

(79.391

2.55

21.50

13fotal comprehensive lncome/(loss) (net oftax) (11+12) 384.96 512.28 1172.84) r,679,29 1,231'80 1070.3( 1,014.04

14 \et Profit atributable to :

Owners of equityNon-controlline interes'

404.50 551.37 (173.48) 1,725.58 1,229 25 1195.98 990.61

Sther Comprehensive lncome attributable to:

Owners of equity

Non-controlltng interest

(19.54) 20.91 0.64 (46.29) 2 Ss (125.681 24.05

otal Comprehensive lncome attributable to:

Owners of equitY

N^h,..ntr6llint interest

384.96 s72.28 \772.Aq 7,679.29 1,231'80 1070.3( t,014.66

15 2aid-up EquitY share CaPital

lFece value oI Rs.2/- each) 1,298.64 1,298.54 1'29A 64 ,,29A.4 1,294.64 1298.4 1,298.64

Other Equity29023-72 27,385.19

1.53

1.S3

17 Earning Per Share (EP5) (ln l)

(EPS before & after extraordinary items for the period

and for the previous periods lnot annualized)

- Basic

-Diluted

0.62 O.8s (0.27) 2.66 1'89

0.52 o.8s (0.27) 2.6s 1'89

1,84

1,84

iee ccompanying notes to the financial results

l.oi,|'"0"r"r,""*,",.esultswerereviewedandrecommendedbytheAuditcommitteeandwereapprovedbvtheEoarcofDiredorsatitsmeetingheldon MaY28'2018

Page 1

2. Segment lnformalion for the quafter ended March 31, 2018 under SEBI iLODR) REGULATIONS' 2015

PRIMARY SEGMENT INf ORMATION (BUSINESS SEGMENTs)

{ in bkhs

coN50l-IDATEO

Sr.No Partiaulars

corresPonding 3

3months Preceding3 months inthe Accounting Accounting

endedon monthsended previousyear Y€arendedon Yearendedon

31.03,2018 on 31.12.2017 ended on 31'03'2018 31'03 2017

3! 03'2G77

Accounting Accounting

3r.03.201E 31.03.2017

(e,aiea) (Audrted) (Audite lAudited) t.dl

i)

li0

Segment Revenue

-Extrusion MachinerY Division o621.00 4,s2L.O4 s,505.s1 7,;A't29'Cl 17'063 92

< rrn rr 3-909.79 4,027.29 1L685'21 15,908 09

18,129.47

?a 24L3417,063.92

22.O29.L7

ili-.o r arn cr q s26.80 35,814.68 32,972.o1 41370.79 39,09

Segment Results

-Ertrusion MachinerY Division

lnjedion Moulding MachinerY

Total Segment Results

Unallocated Corporate income net of unallocated

Profit / {Loss)before interest etc., Extra ' ordinary items

Finance cost

Profit(+)/toss(-) from Ordinary Activities before tax and

share of loss from investment

Share in Gain/(Loss) from lnvestment accounted under

613.80 4Z!.4L 257.a7 !391'15 1,610 99

620.3s 420.60 11.53 ,-!l!E?!----1391.151 tqs 71

1,610.99

608.03

ffi 3,117.& 2,41i.55

l2st.27l 307.s6 (98.S9) 734 45 s66 19

2,786.E6

734.45

2,279.O2

566.19

ffi1 3,91r.8s 2Pa374

281.68 28s 58 216.45 L,L84'4/. 862443,s21.31I tt2m

2,7A5.27

880.73

701.20 853.99 (4s.84) 2,727.41 2,121 26 2,208.5t

(2.8s)

r,904.44

L Profit(+)/Loss(-) trom ordinary A.!v(ies before tar

It:*rtlrax r,penses

lcurrent Tar

I o"t.."d t",I Net Prolrt/ (Loss) lrom or dina'v Act;v'tres rher ta\

I Ertraordinary items.I

I Net Prolit / (Loss) after tdxation & extra - or dinalv tems

Comprehensive lncome

Comprehensive lncome

Profit / lLoss) after taxation & extra ' ordinarv items

Employed

: Assets Less seSment Liabilities)

-Extrusion MachinerY Division

-lnjection Moulding Machinery

Total Segment Assets

lJnallocated CorPorate Assets

Total Assets

LiabilitiesMachinery Divhion

Machinery

Segment Liabilities

Employed

Machinery Divkion

Moulding MachinerY

capital emPloYed in segments

Corporate assets less corporate liabilities

7OL.2O 853.9-q (45.84) 2,727.47 2,171 26

5o5.OO 340.00 134.00 1,225 00 750 00

r2o8.3o) (27.38) (6.36) (223.12l,----ll3il

2,205.52

,,232.8rt22t.t7

1,904.48

772.44

142.01

6i36--il (rz:.ns) L,72s.5a 7,22e'"2s 1,19538 989.99

404,50 551.37 {173.48) l,7zr.s8 l'229 25

rlq <al )o.s\ 0.54 {46.29) 2 55

L19s.9E

ltrE 6al

989.99

24.O5

ffi 1,679.29 1,231.80 1,070.30 1,014.04

10.62

ffil 1,67s.29 1,231,80

zo,osl.gL 9,!46.34 19,27170 20,057,91 19'277'70

t2.g73,87 7 J5620 12,121.75 12,973.87 72,12175

1,070.30

20,057.91

17.405.05

1,014.66

79,2't7.70

@ 33,031.78 31,3e3.45

30.o4s.54 17.13s.40 2al66 ta 9419q-----Zgz99l93't,462.9725,895.70

35,029.04

25,192.20

63^OEt4' 34^O3Zr4 60,159.63 53,081'42 60,1s9'53

6,841.61 6,929.33 6,A51.01 6,843 67 6,057'D1

5.1s9.41 5,906.38 4,26A1A 5,t59'41 4,76474

fi35A.67

6,843.67a364-72

60,221. 24

6,057.07

Ediie 12,83s.2r 10,32s.8s 12,003 08 10,32s 8s

17.s77.s4 7t.o42.sr 18,830.89 17,EZZ!4 ----1!€19j1

15,208.39

77 A27 -93

72,706.32

@ zs,$a.tq 29,83r-.02 29,156.74

L3,2L4.24 2,21'1.01 !3,214.63 L3,214'24 13'21463

1 A1t 46 1.849.82 7,a52.97 7,814 46 7 '8:2PL

33,036.32

t3,zta.ucn&?4

31,537.21

13,214.63q 108.09

---ii,ozam +,ooe.a: 21,os7 60 2l,0z'a70 21,067'60

L2,22L,70 6,092.89 9,935.29 t?-,22170 9,93s 29

22,254.5E

I,067.77

22,172.72

6,351.31

I fotal Capital employed ::.zso.qo 10,159.72 31,002 89 33, 30,322.35 28,684.01

The segment assets and segment resutts include the assets and expenses respectively, which are identifiable with each segment and amounts allocated to the respective

segments on a reasonable basis.

Page 2

3 Statement of Assets and tiabilities as on March 31, 2018 is given below:

Particulars

Standalone Conslidatcd

Year Ended Year Ended on

31.03.2017

Yea, Ended

on 31.03.2018

Year Ended

(Audited) {Auditedl (Audited) (Auditedl

ASSETS

Non-current assets

Propedy, PIant & Equipment

Capital work in Progress

lntangible assets

Financial assets

lnvestments

Othe. financial assets

Non current tax assets

Other non-current a55ets

Total Non-CurrentAssets

CurrentAssetslnventoriesFinancaal assets

Trade receivables

Cash and cash equivelents

Bank balan€es otherthan cesh and cash equivalents

Loans

Oiher financial assets

Other current assets

Total CurrentAssets

Total Assets

AND LIABILITIES

Equaty share capital

Other equity

Total Equity attribut.bl€ to owners of company

Non-controlling interest

Tot.l Equity

Liabilities

Non-Current LiabilitiesFinen.ial Liabilities

Borrowings

Other Non-Current Financial Liabilities

Deferred Tax Liabilrtres (Net)

L oihPr N6n-current Lrabrlrties

I Total Non-current Liabilities

lcurent uatititiesI rrnancralrrabilitres

I Borro*ine,I trade payables

I other financral labrltiesI otner curent habilitier

I t,ou','o',I Current tax Lrabrlrtres (net)

I Toral current Liabilities

lrorat tduitu and Liabilities

EQUITY

Equity

34,562.94

753.12

305.43

4,726.17

306.28

3,233.71

35,589.14128.69

370.59

3,595.42

169.26

t42.48

3,187.65

34,840.42

753_72

272.9s

569.35

409.33

3.233.77

35,783.89124.69

525.21

22.96

169.26

246.99

43,888. 31

5,901.04

400.00

3,293.35

768.89

28.88

6,892.51

480.80

1,427.63

43,183.23

5,413.42

1,300.39

1,936.06

389.47

11.21

s,832.92

661.53

1_431.39

40,o79.54

7,726.12

400.005,304.89

808.58

28.88

6,892.51

488.81

40,054.54

6,548.36

1,300.39

3,564.38

468.11

11.2 1

5,832.92

662.15

1,769.06

19,193.10 16,976.39 23,279.13 20,156.58

53.081.41 60.159,52 63,3s8.67 60,22L.22

7,298.64

31_951.76

1,29A.64 7,29a.64

29,O23.7t

1,298.54

27 3As.!933,250.40 31,002.89 30,322.35 28,683.83

0.20

33,250.40

6,270.04

245.56

9,233.s6

3L,002.a9

1,762.24

256.82

9,456.-73

30,322.35

6,292.89

762.79

9,233.56

28,684.03

7,762.24

716.42

9,456.72

75,749.76

462_44

1,AO4.37

1,985.21

2,904.94

460.57

463.85

77,475.19

501.53

5,121.05

1,534.92

3,518.55

230.39

74_SO

16,289. 24

502.569,085.40

2,594.85

3,639.82

460.37

17,995.38

535.27

6,380.99

1,854.61

4,466.06

230.38

74.50

14081.85 11,680.94 76,747.04 13,541.81

50.1S9.62 63.358.67 60,22a.22

4. The Company has adopted lndian Accounting Standards ('lnd AS'), prescribed under Section 133 of the ComPanies Act, 2013 read with lhe relevant rules issued thereunder,

wath effect from April 01, 2017 (Transition date being April 01, 2016) and accordingly these tinancial results have been prepared in accordance with lnd AS notified under the

Companies (lndian Accounting Standards) Rule, 2015 as amended by the Companies (lndian Accounting Standards) lAmendments) Rules 2016. The figures for the year and

quader ended March 31, 2017 presented here are also lnd AS compliant.

5. The figures for the quater ended March 31, 2018 and March 31, 2017 are the belancing figures between the audited figures in respect of the full financial year and the

published yearto datefiSures uptothird quarter ofthe relevantfinancial year.

{under the previously applicable 'lndian Gaap') and Ind AS for the 12 months and quater ended March 31, 2017 is as under :

I in Lakhs

Paftiaulars

Standalone

3 monthsended March

11 2l1a

CorrespondinE

12 monthsended March

3L,20L7

12 months

ended March3a.2017

!et ProIit as per previous GAAP (lndian GAAP) 217.32 1.397.75 1,154.11

Finance cost at Effedive lnterest Rate 140.37 1102,62 \102.67

On account offoreign exchance gain/(lossi and fairvaluation offorward contrads 21.61 39.74 39.'74

Adjustment on account oI extended credit period t7.19 (31.63 (31.63

Finance income on unwindins oftrade receivables 11.6s 35.33 35.33

Loss on fair valuation ofquoted investments (28.861 i-6.49 (6.49

(o.s0l \2.o2 12.02

Measurement of financial laabilitv at amortized cost 19.31 {40.11 (40.11

Re.lassification of acturial pain to other comprehensive income {0.64 (2.ss (2.ssl

Adiustment on acaount of ancillarv borrowing €ost reversed 253.03 658.38 658.38

Depreciation on account oflair valuation of assets

-

1674.591 1674.59 (674.691

Deferred tax (net) on above adjt 84.47 136.841 (36.841

{et Profit as oer lnd AS li3.4a 1,229.25 990.61

Jiher Comprehensive lncome

Items that will not be reclassified to profit or lossl 0.64 2.55 2.55

Items that may be reclassified to Profit or lo55 21.50

lnd AS 1172.84 1.231.80 1,014.66

PaEe 3

Gaap') and lnd AS for the 12 months ended March 3t 2017 is as under :

8. salesforthequaderendyearendedMarch3l,20lsarenotcomparablewithpreviousperiods,sincethesesalesarenetofGsrwhereasexciseduties{foramountReferPART| (2Xc)) rormed Part of 5ales ot corresponding quafter and Year ended on March 31' 2017

9. Durang the current quader, the company has opted to consider the fair value of Iand, building and plant and machinery as on the date of trans'tion '-e

April 1, 2016 as deemed

cost in accordance with the exemptions available under tnd AS 101 -'First time Adoption of lndian Accounting standards'. All other items of Propedy, Plant & Equipment

havebeenrestatedbyapplyinglndAS16,,propedyplant&tquipment"retrospectively. Asaconsequence,thedepreciation/amodizationanddeterredtaxforthecurrent

quafter includes the impact of pre€eding quaders of year ended March 31, 2018 and cotresponding quarter of previous year in.ludes the impact of preceding quafters of year

ended March 31,2017.

10. The company is pursuing the balance tax reliefs as recommended by the BIFR for consideration by DDIT in the sanctioned scheme of Rehabilitation The companY has

providedtheprelimin:ryinformationrequiredbytheHon'bleDDtT.PendingdisposaloftheapplicationbyDDlT, thecompanyhasnotProvidedforanyliabilityoftaxinits

accounts on the matters under consideration.

11. Based on the future business ptan, Srowth prospects and cash flow projections submitted by step down subsidiary, manaSement believes that the recoverable amount is

higher than the carrying value of the investments in subsidiary, due to which impairment is not requked in standalone financial statements The losses of subsidiary

companies have been included in the consolidated financials

12. The company has is5ued 72,14,644 warrants on a preferential basis to persons other than the Promoter and Promoter group, at a Price of Rs' 63 30/' each (consisting of Rs' 2/_

towards face Value & Rs. 61.30/- as premium), as approved by the shareholders at the Extra-ordinary General meeting held on oecember 12, 20lT During the quader ended

on March 31, 2018, after receipt of 25% of the total issue price, aBgregating to Rs. 11,54,34,304/-, from the allottees, the allotment oI aforesaid warrants has been made by

the Board of Dkectors et its meeting held on January 9, 2018'

13. The Board oI Directors of the company has recommended Dividend of I 1.00/-(Rupees one only) per Equity share, ol face value of I 2/_ each, for the Financial year ended

March 31, 2018.

14. previous period figures have been regrouped / reclassified, wherever necessary, to mal(e them comparable with current period figures'

Place::Mumbai

Date: May 28,2018

By Order ofthe Board

For, Windsor Machlnes Limited i

T.5. Rai

Executive Diredh/& cEo(0lN:05217297)

Page 4