5432602022-07-012022-09-305432602022-09-305432602022-03-315432602022-04-012022-09-305432602022-07-012022-09-30in-bse-fin:OtherExpenses1Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses2Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses3Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses4Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses5Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses6Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses7Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses8Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses9Member5432602022-07-012022-09-30in-bse-fin:OtherExpenses10Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses1Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses2Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses3Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses4Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses5Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses6Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses7Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses8Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses9Member5432602022-04-012022-09-30in-bse-fin:OtherExpenses10Member5432602022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15432602022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares543260STOVEKRAFTNOTLISTEDINE00IN01015STOVE KRAFT LIMITEDEquity2022-04-012022-09-302022-11-082022-10-28INRMillionsHalf yearlySingle segmentKitchen and Home Appliances2022-11-0811:00:002022-11-0812:30:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone4062010000-836000040536500002151780000513800000777900003617600003423000073050000496460000370887000034478000003447800008020000055800008578000002590000000000259000000676000026576000000328680000107.887.81007.887.811. The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Companies (Indian Accounting Standard) Rules, 2015 (as amended) (Ind AS), prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). <BR> <BR> 2. The Company's operations relate to only one reportable segment viz Kitchen and Home Appliances. Accordingly, no separate disclosure of segment information is required. <BR> <BR> 3. Impact of the COVID-19 pandemic: The Company has considered various internal and external sources consisting of feedback from the customers and the market trends, up to the date of approval of the financial results in determining the impact, if any, arising from the pandemic on various elements of its financial results. The Company has used the principles of prudence in applying judgments, estimates and assumptions and based on its current estimates fully expects to recover the carrying value of its financial and non-financial assets, including tangible assets. The eventual outcome of the possible impact of the pandemic may be different from those estimated as on the date of approval of these financial results. <BR> <BR> 4. The Company has from time to time in the normal course of business entered into factoring agreements with Banks/Institutions for some of the trade receivables on a non-recourse basis. Under this arrangement, the late payment and credit risk is transferred to Banks/Institutions without recourse to the Company. Therefore the Company derecognises the transferred assets at the point when the amount is received from the Banks/Institutions. As at September 30, 2022, the trade receivables do not include receivables amounting to Rs.219.29 which has been derecognised (though the actual credit period to the customer has not expired) in accordance with Ind AS 109 - Financial Instruments, pursuant to such factoring agreements. <BR> <BR> 5. The Company, at various grant dates, has issued employee stock options to its employees at exercise prices of Rs.150 and Rs.562.10 per equity share, as approved by the Nomination and Remuneration Committee and Board of Directors in accordance with Employee Stock Option Plan 2018. For the quarter ended September 30, 2022, an amount of Rs.3.39 (September 30, 2021: Rs.3.24) has been recognised as employee share based compensation expenses, based on requirements of Ind AS 102, 'Share Based Payments'. The stock options granted and outstanding as at September 30, 2022 aggregates to 420,908 (September 30, 2021 : 614,566). <BR> <BR> 6. The Company has established a number of company-owned retail stores across Karnataka for which the company has entered into long term rental agreements which have been accounted in accordance with IND AS 116 - "Leases". Accordingly, right-of-use assets to the tune of Rs. 118.75 (Gross: Rs. 121.83 and Accumulated Depreciation: Rs. 3.08) and lease liabilities to the tune of Rs. 113.03 (Non-current: Rs. 106.34 and Current: Rs. 6.69) has been recognized in the Balance Sheet as on September 30, 2022. <BR> <BR> 7. The above Statement of unaudited financial results for the quarter and half-year ended September 30, 2022 has been reviewed and recommended by the Audit Committee on November 7, 2022 and thereafter approved by the Board of Directors at their meeting held on November 8, 2022. <BR> <BR> 8. Previous period's figures have been regrouped/reclassified wherever necessary, to conform with the current period's presentation for the purpose of comparability. <BR> <BR> 9. The Investors can visit the company's website www.stovekraft.com for updated information.2022-04-012022-09-30UnauditedStandalone6812660000-2299000067896700003850050000741930000-327000067636000063770000139220000870950000633901000045066000004506600001039200006950000110870000033979000000003397900008350000348140000003286800001010.3410.250010.3410.25Freight and forwarding110540000Business promotion and advertisement expenses127600000Job work charges43810000Sales commission28600000Power and fuel34060000Repairs and Maintenance - Plant and machinery22890000Allowance for expected credit loss10000000Travelling and conveyance20170000Bill Discounting8140000Others90650000Freight and forwarding197340000Business promotion and advertisement expenses178750000Job work charges85500000Sales commission62870000Power and fuel62080000Repairs and Maintenance - Plant and machinery40020000Allowance for expected credit loss17500000Travelling and conveyance44940000Bill Discounting15780000Others166170000349505000042610000004615000000000050190000501900002480000027401000039328100002543870000018925700001035800001713100003500001320000021810100000543480000526836000000920117000032868000036656800003994360000399436000012627000003321800004584500005053000000050898000067955000024761500008926900004048390000565500000723200001162000004697830000005206810000920117000063770000-369750000-9430800000-6430000000570000-2130000011892400000145460000013922000017500000144600000-48950000013090000024700006120000178700000-1890000000155560000606220000000936500000512570000000000003110000422330000000000000000000000208000000-4171400000000000010736000030690000010660000061910000004100000995300000995300004050000103580000Remeasurements of the defined benefit plans - gains / (losses) (net)67600006760000Remeasurements of the defined benefit plans - gains / (losses) (net)835000083500000000