BIRLA ERICSSON OPTICAL (MLTD.

P ), India
: Udyog viha( Po chofiata, Rowa-486 006
Phon | (07662) 400580 . Fax : (07662) 400680
E mail : hoadoflice@bidaencsson com . websrte : wwbidaencs$n com
CIN r 131300MP1992P1C007190

Resd. omce &

BEOLICSI16-17

wo*s

18 MAY 2016

BSE Ltd.
Corporate Relationship Department
1.t Floor, New TYading Ring,
Rotunda Building
P.J.Towers, Dalal Street,
Fort,
MUMBAI-4OO OOl

The Manager,

CompalY's Scrip code: 50()060

coEpanv'e Scrlp Code: BIRLAERIC EO

Listing Depaitment,
The National Stock Exchange of India Ltd,
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (E),
MUMBAI-4OO O51

Dear Sir,

sub: Audited FilaDclal Results for the year

eDded 31"t March,2OL6

The Board of Directors of the Company in its meeting held on Wednesday, the 186
May, 2016 has approved the Audited Financial Results of the Company for the
year ended 31st March, 2016.
We are enclosing herewith the Audited Financial Results of the Company, in the
prescribed p.of*-., for the year ended 3161 March, 2016 along with t]le Audit
Report and Form A.

Thanking you,
Yours faithfully,
for Birla Ericsson Optical Ltd.

Company Secretary
Encl: As above.

BIRLA ERICSSON OPTICAL LIMITED

Regd, Offrco: Udyog Vihar, P O.Choftata, Rewa .486 006 (M.p.)
crN: 131300t\tPr992PLCO07190
Tetophone No: 07662-100s!0, Fax No: 07652_400630
Emair. headomce@bdrericsson con, websire
bktaericEson com

AN ISO 9001:2008, ISC 14001:2004 & oHSqS 18OOt : 2OO7 COMPANY

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE OUARTER AND YEAR ENOED 31ST MARCH, 20.t6

st
3103,2016

31 12 2415

31 03 2015

31,03_2016

31 03 2015

7476.25

4426 02

7507 27

24644 52

25777 35

13302

333.86

612 30

Incom fiom Operations

(a)

Nel Sales/lncome f.om operalions

(Ner or ExcEe Dury)

(b)

OlherOpe.ating Incorne (Ne0

Tot llncomo f.om O!rations tNetl

2

Costof Matedalsconsumed

Chanses in Invenlones or Finished Goods Worrin-progress and Slock .-l.ade elc

pense

249T4,34

26389 65

5193 24

3028 79

4648 57

11824.87

1937964

094

5A 22

17,64

172 22

466 75

399 29

358

51

254.13

27 21

343.19

371 30

307 54

1410.34

1220 AA

176 65

717 01

597 52

210 67
700 32

612 93

477 33

2424,4A

268780

6915,8r

459012

6926 82

23056.47

24085 27

656.90

32014

71347

1921,91

2304 36

17.59

53 29

15018

266.29

372 74

674.49

373 43

863 65

2188,20

2677 12

123 06

100 94

230 32

6s2 08

030 24

551.43

272 49

633 33

1536.12

1846 00

Profit from Op.rations beforo Other Incomo, Ftnance

Costs and Excoptional ltems (1-2)

7640 29

PufchasesotStock-intrade

(d) Employee Benefits Expense

(e) DeprecialionandAmortrzationE:

a4 a4
4910 86

Expens6s

(a)
(b)
(c)

96,46
7572.71

Profit from Ordindry Activities before Finance

costs and b(ceptional ltoms (3+4)

Profit from Ordinary Activities aftorFtnanco

cosls but beforc Erceptiotr.t ttoms {5-6)
Exceprionalltem (Rerer Note No 3)

Profit from OrdinaryActivities b.forc Tar {7-8)

477,52
551,43

268 35

633 33

1058,60

1846 88

t0

54.80

120 80

209 03

210 60

597 2g

11

496 63

147 55

424 30

848.00

1249,60

12

3000.00

3000 00

3000 00

3000.00

3000 00

6172,83

5685 90

1,66

049

13

2,43

.'..

STATEII/lENT OF ASSETS AND UABILITIES

st,
31,03.2016

31 03 201s

3000,00
6172,83

3000 00

9172 83

8685 90

1641.71

2329.51

1358 69
377 00
M4 5A
1880 27

4708,18

4385 96

301.91
5257.25
873,58
522 86

182 36
4542 U
1679 99

11663,7!

11260 94

23166,12

2182711

6109 40

,{200 46

1906,03
537.64
31,26
3584.33

140619

EAUIryAND LIABILITIES

(b)

Reserues and Surplus

(a) Loigtm Borowings

(b) Oefered TaxLiabiiries
(c) Lons-temProvisions
3

(NeD

522.00
165.40

Current Llabilities
(a) Shoruem Borowings
Payable to Mrc.o Lnlerpises and

(c)
(d)

Sma Lnterp.ses

olhercurenlLiabitities

Shorliem Prcvislons

568590

47029

'|

(b)
(c)
(d)
ruo

Non-C0renllnveshenc
Long Tem Loans andAdvances
Orher Non-curenl rGseis
I ota - Non-curenrassets

(b)
(c)
(d)
(e)

4464,12
7573 08
1003.20
817 42
643.97
1458't 79
23166,12

T.ade Receivables
Cash and cash EquivatenG
Shod-lerm Loans andAdvances

orher cunent Assels

Sub Total - Current Assets

l
2
3

4
5

646 29

12164
6374 60
4376 53

816813
1018 ?9

892 91
996 15
15452 51

2162711

The above results were approved by the Board of Directols in rts meeting hetd on l sth t\tay 2O.l
The Board ol Directors has recommended a drvidend at ths tate of Re 1 per equity share of fac vatue of Rs 10^
each for rhe year ended 31st rvrarch, 2oi6 The payment ot dividend is subject to the apprcvarof the sharchorders
in the ensuing Annual Generat Meeting ofthe Company

Th company has exercised oplion provided in para - 464 of Accounting standad - 11 on Effecls
of changes in
Foreign Exchange Rates with regad to the treatmeni oi foreign exchange flucluation This has resuled
in increase
in profil by Rs 110 24lacs (net of depreciation of Rs 3 64 tacs) for the year ended
3.lst t\,4arch. 20j6
Exceptional ltem represents settement of cta m(s) oi an oveEeas suppler through an out or coun
senremenr or
vanous long standrng disputes/caims penlrng in d fferent colds in lndra and Arbitratnn in Jaoan
The tax expense comprises of cuffenl lax deierred tax and is net of [,1AT cred t entitemenr

Ths ligures ofthe Quarter ended 31st Ma.ch 2016 and 31st L,tarch,2015, are the baancng rigures between
audited figures in rcspect of |ile ful financrat vear and the pL]bltshed year ro date fgures up to nrne months or
the
relevant llnancial year

The companv has on y one rcportabre primary business segment Hence, no separate segment wse rnrormation
of
rcvenue, resulls and capitatemptoyed js given
Figures for ths previous peiods are re-classiied/re-affan9ed/re-grouped, wherever necessary, to correspond with
pe od's classification/disctosure

the cuffent

Fo.BIRLA ERICSSON OPTTCAL LtMtTED

Date

New Dslhl
18th l,lay, 201

/41L"//"
(HARSH v. LODHA)
CHAIRMAN

DIN:00394094

V. SANKARAIYAR & CO.

CHARTERED ACCOUNTANTS
Salyam Crnema Complex, Ranjit Nagar Communaty Centre, New Delhi.11OOO8
- Tel (91-11)-25702691.2570,4,639. 43702919
Fl.,
-'- f202
' '-' N^.
r301 - rel P1-11)-257O5233.25705232, 45150845
E-marl newdelhi@vsa co in E vsand@vsnl com

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF BIRLA ERICSSON OPTICAL LIMITEO

1 We have audited the accompanying Statement offinancial results of Birla Ericsson Opticat Limited (,"the
Company") for the year ended 315'l\rarch 2016, (' The Slatemenl ) , being submitted by the Company

pursuant to lhe requrrement ot Regulation 33 of the SEBI (Listing Obligations and Disctosure
Requiremenls) Regulations, 2015 This Stalement, which is the responsibrltty of lhe Company's
I\ranagement and approved by the Board of Drreclors, has been prepared on the basis of related tinancial
statements which are In accordance with the Accounting Standard specified under Section 133 of lhe
Companies Act, 2013, as applicable, read with Rute 7 of the Companies (Accounts) Rules, 2014 and other
accounting principles generally accepted in India Our responsibility is to express an opinion on the
statemenl

We conducted our audit

accordance wiih lhe Standards on Auditing slandards issued by the Instiiute
'n
of Chaftered Accountants of India Those standards require lhat we plan and perform the audit to obtain
reasonab'e assurance about whelher the Statemenl is free of mateial misslalement An audit includes
examining, on a tesl basis, evidence supportjng the amounts disclosed in the Statement An audit also
includes evaluating the appropriateness of the accounting policies used and the reasonableness of the
signilicanl accounting estimates made by l\Ianagement, as well as evallaling the overall presentation of
the Slatemenl We believe that lhe audit evidence we have oblained is sufficient and appropnate to provide
a basis for our opinion

In our opinion and to the best of our informalion and according to the explanalions given to

us

the

Statement:

is presented in accordance with lhe requiremenls of Regulation 33 of the SEBI

(Listing

Obligations and Disclosure Requirements) Reg ulations, 201 5 ; and

(ir)

kle and fair view in conformily with the aforesaid Accolnting Standards and other
accounting principles generally accepted in India of the net profit and other financial
information ol lhe Company for the year ended 31'r l\rarch 2016
gives a

The statement includes lhe results for the Quaner ended 31"'Nlarch 2016 being lhe balancing figure

between audited figures in respect of the full financial year and the published year to daie figures up to the
third quarter ofthe currenl financial yearwhich were subiectlo limited review by us
For V. Sankar Aiyar & Co.
Chartered Accountants
lCAl Firm Regn. No. 109208W

Place I New Delhi

Dated : 18rh May,2016

Partner
Membership No. 081350

Court Chambers, 35, New Madne Lines Mumbai .400 020 fel @22) 2200 a46512206 7ig0 E-mail : mumbai@vsa co in
Chennai:41, Circufar Road, United lndia Colony, Kodambakkam, Chenner - 600 024lel 10441 2372 5720 E-mail chennai@vsa-co in

Mumbal :

2,

FORM A

lfor Audit Report with ulmodilied opiDioll

PursuaDt to RegulatioD 33 of the SEBI
(Listing Obligations ald Disclosure Requlrements) Regulations, 2015
(1)

Name of the Company

Birla Ericsson Optical Ltd.

(2)

31st

(3)

Annual financial statements

for the vear ended
'Iype of Audit Observation

(4)

Frequency of Observation

Not Applicable

(s)

To be signed by

March, 2016

Un Modified

KA4
CEO/Managing Director

R.Sridharan
CEO & Manager

CFO/Secretary

Somesh Laddha
DGM(Finance & Accounts)

Auditor of the Company

For V Sankar Aiyar & Co.

&

Chartered Accountants
FRN: 109208W

?,r

R.Raghuraman
Partner
lMembership No.081350]

Audit Committee
Chairmart

Date I May 18,2016

Place : New Delhi

ChairmanJof Audit Committee

Secretary/ CFO