o

ENERGY
BGR ENERGY SYSTEMS LIMITED
443 ANNA SALAI, TEYfIAMPET, CHENNAI 600018 INDIA
TEL: 91 44 24301000 FAX: 91 44 24360576

E-mail: compliance@bgrenergy.com Web site: www.bgrcorp.com

BeSec/201'6

September L2,2016

The Manager,
Listing Depaftment
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (E), Mumbai - 400051

The Manager,
Department of Corporate Seruices
BSE Limited
P.J. Towers, Dalal Street
Mumbai - 400001

NSE Symbol: BGRENERGY

BSE Scrip Code:

532930

Dear Sirs,

Sub: Unaudited Standalone Financial Results for the Quafter ended June 30, 2016
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, we are pleased to forward the foflowing:

a)

Unaudited Standalone Financial Results for the Quafter ended June 30, 2016 and

b) Limited

Review Report issued by the Statutory Auditors.

The meeting of the Board of Directors commenced at 3.00 p.m. and concluded at
5.00 p.m.
We request you to kindly take the same on record.
Thanking you,
,

Yours truly,
for BGR Energy Systems Limited

Corporate & Secretary

Encl

: a.a.

REGISTERED OFEICE:

A-5 PA^JNAA4GADU INDUSTRIAL

ESTATE, RAMAPURAM POST, SUI.URPET TAI.UK, NETIORE DISTRICI

ANDHM PRADESH 52440I INDIA. TEL:91 44 27948249

Corporate tdentity Number: 140 | 06AP | 985PLC0053

ENERGY
BGR ENERGY SYSTEMS LIMITED
Reg.Off: A-5 Pannamgadu Industriat Estate, Ramapuram Post, Nellore District, Andhra Pradesh 52++Ol

Corp.Off: 443, N'na Salai, Teynampet, Chennai 600018 Ph:.*91 44 24301000, Fax: +91 +4 24364656.
Corporate ldentity Number: L40I06API985PLC0053l8 Email: compliance@bgrenegy.com website: *.Ont

otf,;.il;;,

PART I

Income from operations

(a) Net Sales / Income from operations (net of excise duty)
(b) Other Operating lncome
Total income fiom operations (net)

834i5

22r

89192
215

83535

89407

61404

74785

57

385
5028

Expenses

a) Oost of Materials Consumed

b) Purchase of stock-in-trade
c) Chahges in Inventories offinished goods, work in progress and stock in trade
d) Employee benefits expenses
e) Depreciation and amortisation Expense
f) Other Expenses

4
5
6
8
10
11

T2
13

76796
6840

7zto

Other lncome
ProfiV(Loss) from ordinary activities before finance costs and exceptional ltems (3 +4)
Finance costs (Net)
ProfiU{Loss) from ordinary activities after finance costs but before exceptional items (5-6)
Exceptional items (Net)

86

6845
5520

7296

Net ProfiV(Loss) for the period (1 1-12)

Other Comprehensive

15

for the period (13+14)

,Total Comprehensive Income
Share of profit / (loss) of associates

t7
t6

500

Total expenses
ProfiV(Loss) from operations before other income, finance costs & exceptional items (1-2)

t4
16

513
10594

r499
82t97

ProflV (Loss) from ordinary actlvities before tax (7-8)

a) Tax expense
b) Tax - earlier years
Net PrcfiU (toss) frum odinary activities afler tax (9-10)
Extraordinary ltems ( Net of tax expense )

4228

ncome

19
19.i

Minority interest
Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates {15-16-17}
Paid -up equity share capital (Face value of the share Rs,10 each)
Earnings per Share (EPS) before extraordinary items (in Rs.) (not annualised)

19.ii

a) Basic
b) Diluted
Eamings per Share (EPS) after extnordinary items (in Rs.) (not annualised)

a) Basic
b) Diluted

1325

5640
1656

1325

459
866

1102

86;

ttoz

33

899

4
106

110;
7216
1,53

L.cJ
1.53
1.53

Segment-Revenue
a) Capital Goods
b) Construction and EPC Contracts
c) Unallocated

Total

Less: lnter Segment Revenue

Net SaleVlncome from Operations
Segment Resulb (Prdt)(+)/l.oss0 befiorc tar and inbnst
a) Capital Goods
b) Construction and EPC Contracts
c) Unallocated

83636

a9407

8363;

8940;
(192)

t1351

7402

tr

Less: lnterest (Net)

Total Profit / ttoss) before tar
SqmentAsseils
a) Capital Goods
b) Construction and EPC Contracts
Total

4t24
85283

6975

Total

26t6
81020

Segment Liabilities
a) Capital Goods
b) Construction and EPC Contracts
Total

86

6845
5520

7296

1325

1556

30868
561399
592267

30548
592526
623474

9845
443796
453541

477tsr

5640

10388

487539

Notes:
The above financial results have been prepared in accordance with Indian Accouting Standards (lnd AS) prescribed under Section 133 of the
Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India. The results for the
quarter ended Jun 30, 2015 have been restated as per Ind AS and are comparable. The statutory auditors have carried out a limited review for the
'quader ended June 30, 2015. Ind AS comparable June 30, 2015, figures have not been subject to limited review However, the Management has
exercised necessary due deligence to ensure that the financial resulb provide a true and fair view of its afiairs,

Statement of reconciliation of net PAT under IND AS and the net PAT reported under previous lndian

GMP (IGAAP) for the quarter ended June 30,

2015
Sl.Nc
a
b

d
e

30.06.2015

Par.ticulars

Net Profit after TAX as per previous IGAAP

Provision for expected credit loss
Increase in borrowing cost purcuant to application of Effective lnterest rate method
Reclassification of net actuarial gain on employee defined benefit obligations to OCl
0thers
lmpact of deffered and current taxes in respect of the above adjustments
Net Profit after tax (before OCI) as per IND AS

lt44
(e5)
(61)

$2)
74
52

1rcz

The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meeting held on September 12,

2016.

Revenue from operations includes an Income of Rs.18550 Lakhs as per terms of the agreement entered into by the company with Hitachi, Ltd., Japan
(HTC), Hitachi Power Europe GmbH, Germany (HPE) and the company's Joint Venture companies viz., BGR Boilers Private Limited and BGR Turbines
Company Private Limited.

The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period of presentation.

For BGR ENERGY SYSTEMS LIMITED

A. SWAMINATHAN

Placd: Ghennai
Date : Septembel 12,2016

Joint Managing Director &

r$
ffi

GEO

fflanouan Cnouonnv

a (ssocnrEs
# 27, Subramanlam Street, Phone: +91-44-4290 3333
Ablramapuram, Chennai 600
Fax: +9t-44-4290 3350

CHARTERED. ACCOUNTANTS

018.
India.

web: www.mca.co.in

Independent Auditors' Limited Review Report

To
The Board of Directors of BGR Energy Systems Limited

1.

We have reviewed the accompanying statement of standalone unaudited financial results

of BGR Energy Systems Limited ('the Company') for the quarter ended June 30, 2016

('the Statement'). This statement is the responsibility of the company's management and
has been approved by the Board of Directors. Our responsibility is to issue a report on these

financial statements based on our review.

2.

We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410,'Review of Interim Financial Information Performed by the
Independent Auditor of the Entity' issued by the Institute

of Chartered Accountants of

India. This Standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review is limited

primarily to inquiries of company personnel and analytical procedures applied to 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.

3. Based on our review conducted

causes us

as stated above, nothing has come to our attention that

to believe that the accompanying Statement, prepared in accordance with the

applicable Indian Accounting Standards prescribed under Section 133 of the Companies

Act, 2013 read with relevant rules issued thereunder and other recognized 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, as modified by Circular no. CIR/CFDIFACl622016 dated July 5, 2016,

including the manner in which

it is to be disclosed, or that it

contains any material

misstatement.

ffi

Mumbal .!. Coimbatore

Chennai . Bengaluru . Dubai {. Hyderabad
Guryaon . Kochl .!. Madural
Mangaluru .!. Vhat . Vijayawada

fflanonan CnowonPv & (ssocnrEr

CHARTERED ACCOUNTANTS

4.

# 27, Subramaniam Street, Phone

Abiramapuram, Chennai 500
Fax

018.
India.

We have not reviewed the financial results presented as per Ind

AS

: +91-44-4290 3333
: +91-44-4290 3350
web: www.mca.co.in

and other information

for the-quarter ended June 30,2015 which have been presented based on the financial
information compiled by the management.

Place: Chennai

For Manohar Chowdhry & Associates

Chartered Accountants

Date: September L2, 201 6

Firm Resistration No. 0019975

'

M.S.N.M. Santosh
Partner

Membership No. 221916

Chcnnal . Bengaluru - Dubai -s Hydeabad . Mumbai'3'Coimbatore

Gurgaon
Kochl .3. Madural
Mangaluru.S Virag {'Vijayawada