DREDGECORP2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member DREDGECORP2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares DREDGECORP 2021-04-01 2022-03-31 2022-01-28 INR Lakhs Third quarter Single segment DREDGING 2021-10-01 2021-12-31 Unaudited Standalone 2400410000.00 8212000.00 2408622000.00 0.00 0.00 0.00 227274000.00 30086000.00 293859000.00 1729868000.00 2281087000.00 127535000.00 168600000.00 296135000.00 5550000.00 0.00 5550000.00 0.00 290585000.00 0.00 0.00 0.00 0.00 290585000.00 0.00 290585000.00 0.00 0.00 280000000.00 10 10.38 10.38 0.00 0.00 10.38 10.38 1. The Company is engaged in the business of dredging and therefore, has only one reportable segment in accordance with IND AS 108 “Operating Segments”. 2. The financial results for the quarter ended December 31, 2021 have been reviewed by the Statutory Auditors as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 3. The standalone Unaudited financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under Section133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015(as amended from time to time) and other accounting principles generally accepted in India. 4. The details of foreign exchange loss/gain for the period is as under: Rs.lakhs Period Capitalised to cost of Vessels Included in Finance Cost For the quarter ended 31-12-2021 465lakhs (gain) 7lakhs(Gain) For the quarter ended 31-12-2020 1549 lakhs (loss) 32lakhs(loss) For the Nine months ended 31-12-2021 56 lakhs (loss) 03lakhs(gain) For the Nine months ended 31-12-2020 3523 lakhs (loss) 74 lakhs(loss) 5. The above financial results were reviewed by the Audit Committee at its meeting held on 14-02-2022 and have taken record by the Board of Directors at its meeting held on 14-02-2022. 6. Disclosure of Key Ratios as per Clause 51 of SEBI (LODR) Regulations for the Nine month ended 31/12/2021: Particulars Ratios Dedt Equity ratio 0.22 Debt Service coverage ratio 0.70 Interest Coverage ratio 1.4 Debenture redemption reserve Rs.3000lakhs Current ratio 1.06 Long term debt to working capital 0.11 Bad debts to Accounts receivables 0.0016 Total debts to Total assets 0.36 Debtors turnover 0.33 Inventory ratio 1.02 Operating margin 16% Net Profit margin 0.4% Net Profit After Tax Rs.235.84lakhs Net worth Rs.140447.34lakhs 7. Disclosure pursuant to Regulation 54 & 55 of SEBI (LODR):- Particulars DCI Tax free BONDS 2012-13 Remarks a) Credit Rating (DCI Tax free bonds of Rs.58.88 Cr) CARE BBB + Negative BWR AA (-) Stable Revised from CARE A+; Negative (Single A Plus; Outlook: Negative) Revised from AA (+) SO b) Previous interest due date 28/03/2021 Interest paid and no bonds were due for redemption c) Interest paid on 28/03/2021 d) Next Interest due date 28/03/2022 No Bonds are due for redemption e) Asset Cover on BH-I Dredger 100% As on 31/12/2021 f) Net Worth Rs.140447.34 lakhs As on 31/12/2021 8. During this quarter, company sold Dredger Acquires (PPE) for an amount of Rs.1850Lakhs and earned profit of Rs.1686Lakhs and the same is recognized under Exceptional items. 9. As per the Revised accounting policy, the stores and lubricants are to be charged to revenue on consumption basis. The profit and loss impact on account of change in accounting policy is not carried out in the books of accounts due to non completion of physical stock verification during this quarter and same will be carried out at the end of financial year 2021-22. 10. Figures of the previous years have been regrouped / reclassified where ever necessary. Single segment 2021-04-01 2021-12-31 Unaudited Standalone 5100008000.00 19524000.00 5119532000.00 0.00 0.00 0.00 650790000.00 84620000.00 873241000.00 3645948000.00 5254599000.00 -135067000.00 168600000.00 33533000.00 9949000.00 0.00 9949000.00 0.00 23584000.00 0.00 0.00 0.00 0.00 23584000.00 0.00 23584000.00 0.00 0.00 280000000.00 10 0.84 0.84 0.00 0.00 0.84 0.84 Other Expenses 1729868000.00 Other Expenses 3645948000.00