POLYGENTA TECHNOLOGIES LIMITED

Registered Office :- Solitaire Corporate Park, Bldg. No.1, 6th Floor, Unit No.2, Chakala, Andheri (E), Mumbai 400 093
Ph: +91 22 6193 3333; Fax: +91 22 6193 316; E-mail: info@polygenta.com; Website: www.polygenta.com
CIN: L17120MH1981PLC025388
Unaudited Financial Results for the Quarter ended 31st Dec 2014
Rs. in Lacs (Except per share data)

PART I
Quarter Ended

Sr.No. Particulars

Income from Operations

a) Net Sales / Income from Operations (net of Excise duty)
b) Other Operating Income
Total Income from Operations (Net)

Expenses
a) Cost of materials consumed
b) Change in Inventories of Finished goods/Work in Progress
c) Power & Fuel
d) Employee benefits expense
e) Depreciation & Amortization expense
f) Other expenses
g) Foreign Exchange (Gain)/Loss
Total Expenses

3 Months
Ended
31-12-2014

3 Months
Ended
30-09-2014

Nine Months Ended

3 Months
Ended
31-12-2013

Year to Date
Figures for the
period year
31-12-2014

Year to Date
Previous
Figures for the
accounting
period year
31- year ended
31-03-2014
12-2013

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

995.24

1,683.98

1,768.56

4,110.25

4,052.09

4.39

11.22

6.46

24.88

37.65

5,331.92
112.24

999.62

1,695.20

1,775.02

4,135.13

4,089.75

5,444.16

838.65
291.94
343.12
343.09
407.09
189.50
(194.86)

1,973.71
(530.03)
669.16
379.82
407.02
287.69
3.39

1,606.49
285.87
757.11
216.38
398.11
262.45
29.30

3,506.34
710.02
1,300.96
1,077.04
1,238.33
730.35
(169.17)

4,019.58
(112.09)
1,705.48
635.86
1,198.15
645.41
426.74

5,640.33
(383.59)
2,291.70
864.20
1,569.35
916.60
318.62

2,218.53

3,190.76

3,555.71

8,393.88

8,519.14

11,217.21

(1,218.91)

(1,495.56)

(1,780.69)

(4,258.74)

(4,429.39)

(5,773.05)

3
Profit/(Loss) from operations before other income, finance

cost (1-2)
4

Other Income

Profit/ (Loss) before finance cost (3+4)

Finance costs

Profit/ (Loss) after finance cost & before exceptional

items(5-6)

Exceptional Items.

22.75
(1,196.16)
376.22

(1,572.38)
(1,572.38)

26.75
(1,468.81)
525.83

(1,994.63)
(1,994.63)

38.17
(1,742.52)
331.46

(2,073.98)
-

Profit/(Loss) Before Tax (7+8)

10

Tax Expense

(2,073.98)

11

Profit /(Loss) after Tax (9-10)

(1,572.38)

(1,994.63)

(2,073.98)

12

Paid-up Equity Share Capital

(Face Value of C10 per share)

14,472.57

14,472.57

12,265.58

13

Reserves excluding Revaluation Reserves as per

balance sheet of previous accounting year

14

Earnings per Share (EPS)

- Basic & Diluted EPS Before Exceptional items (5V)
- Basic & Diluted EPS After Exceptional items (Rs)

84.35
(4,174.39)
1,248.60

(5,423.00)
(5,423.00)

73.80
(4,355.59)
928.93

(5,284.52)
(0.14)

74.52
(5,698.53)
1,297.13

(6,995.66)
-

(5,284.66)

(6,995.66)

(5,423.00)

(5,284.66)

(6,995.66)

14,472.57

12,265.58

14,472.57

(11,273.08)
(1.10)
(1.10)

(1.38)
(1.38)

(1.69)
(1.69)

(3.75)
(3.75)

(4.31)
(4.31)

(5.69)
(5.69)

37,047,901
25.6%

37,047,901
25.6%

30,743,301
25.1%

37,047,901
25.6%

30,743,301
25.1%

37,047,901
25.6%

10,500,000

10,500,000

10,500,000

10,500,000

10,500,000

10,500,000

See accompanying notes to the financial results

PART IISelect information for the quarter ended 31st Dec 2014
A..

Particulars of shareholding

Public shareholding
- Number of shares
- Percentage of shareholding

Promoters and Promoter Group Shareholding

(a) Pledged / Encumbered
- Number of shares
- Percentage of shares (as a % of the total shareholding
of promoter and promoter group)
- Percentage of shares (as a % of the total share capital
of the Company)
(b) Non-encumbered
- Number of shares
- Percentage of shares (as a % of the total shareholding
of promoter and promoter group)
- Percentage of shares (as a % of the total share capital
of the Company)

9.8%

9.8%

11.4%

9.8%

11.4%

9.8%

7.3%

7.3%

8.6%

7.3%

8.6%

7.3%

97,177,750

97,177,750

81,412,464

97,177,750

81,412,464

97,177,750

90.2%

90.2%

88.6%

90.2%

88.6%

90.2%

67.1%

67.1%

66.3%

67.1%

66.3%

67.1%

Particulars
B.

Quarter ended 31.12.2014

Investor Complaints.
- Pending at the beginning of the quarter

Nil

- Received during the quarter

Nil

- Disposed off during the quarter

Nil

- Remaining unresolved at the end of the quarter

Nil

Notes :
1

The above financial results have been taken on record by the Audit Committee and subsequently adopted by the Board of Directors in its meeting held on 12th February
2015.

The Company is engaged in the business of manufacturing and selling polyester filament yarn (PFY). All of the Company's operations are based in India and are
subject to the same risks and returns. Therefore, no separate segment reporting is provided in terms of Accounting Standard-17, i.e. Segment Reporting.

During the quarter under review, the plant was shut for a considerable time period from 8th October to 4th December'14 due to poor demand for yarn on account of
steep fall in oil prices, resulting in lower virgin yarn prices.
In this Quarter, Polygenta sold to the apparel sector high quality polyester texturised yarn made from 100% post-consumer recycled PET bottles. However, the
Company continues to incur losses as the overall polyester industry is adversely affected due to the weak market conditions owing to fall in the crude oil prices in past
few months. Polygenta has now made progress in its efforts to increase the volume of sales sold into premium segments and as a result, there are encouraging
discussions with a range of domestic and international customers . The Company has started receiving orders for significant quantities from international customers.
The Majority Shareholder(Promoter) continued to support the operations and during the quarter have provided an additional amount of Rs 543.60 lacs as ECB to the
company.
Accordingly, financial statements are prepared based on the Principle of Going Concern.

Consequent to the enactment of the Companies Act, 2013 (the Act) and its applicability for accounting periods commencing from 1st April,2014, the Company has
realigned the remaining useful life of its fixed assets in accordance with the provisions prescribed under Schedule II to the Act. Consequently, in case of assets which
have completed their useful life, the carrying value (net of residual value) as at 1st April, 2014 amounting to Rs 47.67 lacs has been adjusted to Surplus in the
Statement of Profit and Loss and in case of other assets the carrying value (net of residual value) is being depreciated over the revised remaining useful lives.
Accordingly, the depreciation and amortization expense for the quarter and nine months ended 31st December , 2014 is lower by Rs 24.60 lacs and Rs. 86.38 lacs
respectively.

As previously reported, in 2009 the Company procured External Commercial Borrowing (ECB) loans for an amount of Euro 15 Million (equivalent to Rs.11,654 Lakhs
as on 31st December 2014). The Company has provided for interest liability up to 31st December 2014 of5Vlakhs (equivalent to Euros 38.02 Million) on the
above loans. The Company is in the process of seeking deferral from the external ECB lenders for select interest payments which are otherwise overdue.

Foreign exchange gains or losses on long term borrowing undertaken for operating purposes are amortised over the period of the ECB loan. The effect of this has been
reflected in the results for the quarter-ending December 31st,2014.

The previous year's / period's figures have been re-grouped / re-arranged wherever necessary, to conform to the current period's presentation.

Place : Hyderabad
Date : 12th February , 2015

Ramesh Alur
Director
DIN : 00026462