HERITAGE FOODS LIMITED

(Formerly known as HERITAGE FOODS (INDIA) LIMITED)

Regd. Office: 6 - 3 - 541/c, Adj. to NIMS, Punjagutta, Hyderabad - 500 082.
CIN: L15209TG1992PLC014332 - www.heritagefoods.in - Tel: 040 - 23391221/23391222 Fax: 30685458, Email- hfl@heritagefoods.in
PART I : STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2015
STANDALONE
Quarter Ended
Nine Months Ended
Particulars

(RS.in lakhs)
Year Ended

31.12.2015 30.09.2015 31.12.2014 31.12.2015 31.12.2014

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

Quarter Ended

CONSOLIDATED
Nine Months Ended

Year Ended

31.03.2015 31.12.2015 30.09.2015 31.12.2014 31.12.2015 31.12.2014

(Audited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

31.03.2015
(Audited)

1. Income from operations

57167.74
1091.20
58258.94

57602.95
1080.29
58683.24

50260.90
818.92
51079.82

171567.27
3220.38
174787.65

150335.38
2559.43
152894.81

203348.14
3948.51
207296.65

57167.74
1091.20
58258.94

57602.95
1080.29
58683.24

50260.90
818.92
51079.82

171567.27
3220.38
174787.65

150335.38
2559.43
152894.81

203348.14
3948.51
207296.65

37562.84
12650.25
(4082.94)

31869.22
11938.69
2062.36

33984.38
10289.55
(2656.27)

104511.32
35714.74
(1922.34)

97032.19
31127.22
(3141.30)

131393.51
42184.17
(5079.25)

37562.84
12650.25
(4082.94)

31869.22
11938.69
2062.36

33984.38
10289.55
(2656.27)

104511.32
35714.74
(1922.34)

97032.19
31127.22
(3141.30)

131393.51
42184.17
(5079.25)

3455.26
856.08
5677.03
56118.53
2140.41

3501.50
863.71
5791.08
56026.56
2656.68

2764.34
863.52
4861.28
50106.80
973.02

10133.52
2553.96
17025.30
168016.50
6771.15

8129.97
2516.44
14352.29
150016.80
2878.01

11072.42
3399.03
19522.51
202492.39
4804.26

3455.26
856.08
5677.03
56118.53
2140.41

3501.50
863.71
5791.08
56026.56
2656.68

2764.34
863.52
4861.75
50107.27
972.55

10133.52
2553.96
17025.30
168016.50
6771.15

8129.97
2516.44
14352.76
150017.27
2877.54

11072.42
3399.03
19522.66
202492.54
4804.11

4. Other Income
5. Profit / (Loss) from ordinary activities before finance costs and exceptional items (3+4)

117.09
2257.50

124.06
2780.74

74.74
1047.76

391.83
7162.98

236.70
3114.70

702.66
5506.92

117.09
2257.50

124.06
2780.74

74.74
1047.29

391.83
7162.98

236.70
3114.24

717.83
5521.94

6. Finance costs
7. Profit /(Loss) from ordinary activities after finance costs but before exceptional items (5-6)

327.41
1930.09

400.79
2379.95

347.29
700.47

1164.71
5998.27

1152.94
1961.77

1593.01
3913.91

327.41
1930.09

400.79
2379.95

347.29
700.00

1164.71
5998.27

1152.94
1961.30

1593.01
3928.92

8. Exceptional Items

136.95
1793.14

0.00
2379.95

0.00
700.47

136.95
5861.32

0.00
1961.77

0.00
3913.91

136.95
1793.14

0.00
2379.95

0.00
700.00

136.95
5861.32

0.00
1961.30

0.00
3928.92

652.00
4.02
1137.12
1137.12

905.00
(19.14)
(35.24)
1529.33
1529.33

201.36
0.00
(49.09)
548.20
548.20

2,208.00
(18.06)
(66.84)
3738.23
3738.23

565.36
(0.45)
(164.61)
1561.47
1561.47

1169.36
(0.45)
(76.02)
2821.02
2821.02

652.00
(0.00)
4.02
1137.12
0.00
1137.12

905.00
(19.15)
(35.24)
1529.33
0.00
1529.33

201.36
0.00
(49.10)
547.74
547.74

2,208.00
(18.06)
(66.84)
3738.23
0.00
3738.23

565.36
(0.45)
(164.61)
1561.00
0.00
1561.00

1169.36
(0.45)
(76.02)
2836.04
0.00
2836.04

1137.12

1529.33

548.20

3738.23

1561.47

2821.02

(0.04)
1137.08

(0.02)
1529.32

(0.13)
0.06
547.56

(0.06)
3738.16

(0.24)
0.06
1560.70

(0.28)
0.16
2835.60

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
16981.26

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
----

2319.90
10.00
16972.70

4.90
4.90

6.59
6.59

2.36
2.36

16.11
16.11

6.73
6.73

12.16
12.16

4.90
4.90

6.59
6.59

2.36
2.36

16.11
16.11

6.73
6.73

12.22
12.22

4.90
4.90

6.59
6.59

2.36
2.36

16.11
16.11

6.73
6.73

12.16
12.16

4.90
4.90

6.59
6.59

2.36
2.36

16.11
16.11

6.73
6.73

12.22
12.22

(a) Net Sales / Income from Operations (Net of excise duty)

(b) Other Operating Income
Total income from operations (a+b)
2. Expenditure
(a) Cost of materials consumed
(b) Purchase of stock-in-trade
(c) Changes in inventories of finished goods,work-in-progress
and stock-in-trade
(d) Employees benefits expense
(e) Depreciation and amortisation expense
(f ) Other expenses
Total expenditure (a+b+c+d+e+f)
3. Profit / (Loss) from operations before other income, finance costs & exceptional items (1-2)

9. Profit / (Loss) from ordinary activities before tax (7-8)

10. Tax expense
Current Tax /MAT
Prior period tax
Deferred Tax Charge / (Credit)
11.Net Profit/ (Loss) from ordinary activities after tax ( 9 -10)
12.Extraordinary Items (net of tax expense)
13.Net Profit/(Loss) for the period before share of profit /(loss) of associates and minority
interest (11-12)
14.Share of profit / (loss) of associates
15. Minority interest
16. Net Profit/ (Loss) after taxes, minority interest and share of profit / (loss) of associates
(13+14+15)
17. Paid-up equity share capital
Face value per share (Rs.)
18. Reserves excluding revaluation reserves as per Balance Sheet of previous Accounting
year
19. Earnings per share (Rs.)
a) EPS before Extraordinary items for the period, for the year
to date and for the previous year (not annualized) :
i. Basic
ii. Diluted
b) EPS after Extraordinary items for the period, for the year
to date and for the previous year (not annualized):

i. Basic
ii. Diluted

HERITAGE FOODS LIMITED

SEGMENT REPORTING FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2015
Particulars

(Rs. In lakhs)

Quarter Ended

STANDALONE
Nine Months Ended

31.12.2015 30.09.2015 31.12.2014 31.12.2015 31.12.2014

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

Year Ended

31.03.2015
(Audited)

Quarter Ended

31.12.2015
(Unaudited)

CONSOLIDATED
Nine Months Ended

30.09.2015 31.12.2014 31.12.2015 31.12.2014

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Year Ended

31.03.2015
(Audited)

1. Segment Revenue

a. Dairy
b. Retail
c. Agri
d. Bakery
e. Renewable Energy
f. Heritage Foods Retail Limited
g. Heritage Conpro Ltd
Total Segment Revenue
Less: Inter Segment Revenue
Net Sales / Income from Operations

43035.00
14444.40
2406.30
215.03
78.54
60179.27
1920.33
58258.94

44191.58
13862.69
2201.08
193.90
63.12
60512.37
1829.13
58683.24

38604.01
11883.10
2119.53
161.12
64.80
52832.57
1752.75
51079.82

130903.67
41700.57
6945.58
614.07
207.46
180371.35
5583.70
174787.65

115182.90
35924.50
6378.19
409.31
178.90
158073.80
5178.99
152894.81

155585.71
49397.00
8400.16
588.92
257.03
214228.82
6932.18
207296.65

43035.00
14444.40
2406.30
215.03
78.54
60179.27
1920.33
58258.94

44191.58
13862.69
2201.08
193.90
63.12
60512.37
1829.13
58683.24

38604.01
11883.10
2119.53
161.12
64.80
52832.57
1752.75
51079.82

130903.67
41700.57
6945.58
614.07
207.46
180371.35
5583.70
174787.65

115182.90
35924.50
6378.19
409.31
178.90
158073.80
5178.99
152894.81

155585.71
49397.00
8400.16
588.92
257.03
214228.82
6932.18
207296.65

2565.01
(442.57)
(37.84)
(6.29)
35.83
2114.14
327.41
0.00
6.41
0.00
1793.14

3410.32
(574.14)
(63.79)
(19.14)
20.46
2773.71
400.79
0.00
3.97
3.06
2379.95

1459.30
(370.67)
(49.15)
(16.02)
20.22
1043.68
347.29
4.09
700.47

8598.09
(1536.38)
(123.53)
(31.65)
74.26
6980.81
1164.71
42.16
3.06
5861.32

4410.64
(1187.58)
(90.29)
(72.76)
41.34
3101.35
1152.94
13.32
0.04
1961.77

6717.47
(1107.36)
(125.47)
(84.46)
70.53
5470.70
1593.01
1.24
37.42
0.04
3913.91

2565.01
(442.57)
(37.84)
(6.29)
35.83
2114.14
327.41
0.00
6.41
0.00
1793.14

3410.32
(574.14)
(63.79)
(19.14)
20.46
2773.71
400.79
0.00
3.97
3.06
2379.95

1459.30
(370.67)
(49.15)
(16.02)
20.22
(0.24)
(0.23)
1043.21
347.29
4.09
700.00

8598.09
(1536.38)
(123.53)
(31.65)
74.26
6980.81
1164.71
42.16
3.06
5861.32

4410.64
(1187.58)
(90.29)
(72.76)
41.34
(0.24)
(0.23)
3100.88
1152.94
13.33
0.04
1961.30

6717.47
(1107.36)
(125.47)
(84.46)
70.53
(0.76)
(0.63)
5469.31
1593.01
(15.17)
37.42
0.04
3928.92

19660.80
7742.53
3074.62
1023.07
1273.20
(102.92)
32671.30

16018.67
7059.11
3173.43
1054.41
1310.72
(154.85)
28461.50

15127.37
7925.69
3291.48
1067.36
1,617.15
16.72
29045.78

19660.80
7742.53
3074.62
1023.07
1273.20
(102.92)
32671.30

15127.37
7925.69
3291.48
1067.36
1617.15
16.72
29045.78

18687.41
8877.40
3135.92
1075.13
1588.95
222.41
33587.22

19660.80
7742.53
3074.62
1023.07
1273.20
(0.30)
(0.28)
(102.92)
32670.71

16018.67
7059.11
3173.43
1054.41
1310.72
(0.38)
(0.32)
(154.85)
28460.79

15127.36
7925.69
3291.48
1067.36
1617.15
(0.08)
(0.02)
16.72
29045.67

19660.80
7742.53
3074.62
1023.07
1273.20
(0.30)
(0.28)
(102.92)
32670.71

15127.36
7925.69
3291.48
1067.36
1617.15
(0.08)
(0.02)
16.72
29045.67

18687.41
8877.40
3135.92
1075.13
1588.95
(0.52)
(0.41)
222.41
33586.28

2. Segment Results
(Profit (+) / (Loss) (-) before finance costs and tax)
a. Dairy
b. Retail
c. Agri
d. Bakery
e. Renewable Energy
f. Heritage Foods Retail Limited
g. Heritage Conpro Ltd
Total Segment Results
Less: I. Finance costs
ii. Other un-allocable expenses net off
Add: i. Interest income
ii. Other un-allocable income
Total Profit before Tax
3. Capital Employed
(Segment Assets - Segment Liabilities)
a. Dairy
b. Retail
c. Agri
d. Bakery
e. Renewable Energy
f. Heritage Foods Retail Limited
g. Heritage Conpro Ltd
h. Unallocated
Total

Notes:
1.The above results for the quarter and nine months ended December 31,2015 have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 21,2016.
2. The Statutory Auditors have conducted a limited review of accounts for the aforesaid period.
3.As per the Accounting Standard (AS- 17), the Company has identified Dairy, Retail, Agri, Bakery and Renewable Energy segments as reportable segments. The segment wise results are given above.
4 Exceptional item is related to additional provision for bonus for the year 2014-15 as per the Payment of Bonus(Amendment) Act,2015.
5.The Consolidated Financial results are prepared as per applicable accounting standards notified under Companies (Accounts) Rules, 2014.
6. Figures of previous period(s)/ year(s) have been regrouped/rearranged wherever necessary.

For and on behalf of the Board

Sd/-

N Bhuvaneswari
Date: January 21, 2016
Place: Hyderabad

Vice Chairperson & Managing Director

DIN -00003741