jindal photo ltd Management discussions

INDUSTRY OVERVIEW AND DEVELOPMENTS

The Company is a core investment company and has made strategic investments in group Companies only. The Company has overcome the situation arises due to Covid 19 situation.

OPPORTUNITIES, THREATS, RISKS AND CONCERNS

Company is doing business of holding strategic investments in the securities of group companies. The future outlook/ business prospects is exposed to risk associated with the performance of the group companies.

OPERATIONAL AND FINANCIAL PERFORMANCE

Details of Financial Results and Operations of the Company are given as under:

Particulars	Standalone		Consolidated
	2022-2023	2021-2022	2022-2023	2021-2022
Total Income	16140.83	18.06	786.95	18.06
Finance Cost	563.77	517.22	563.77	517.22
Depreciation and amortization	4.81	4.81	4.81	4.81
Share of Profi t in Joint Venture/	-	-	16435.16	63775.49
Associates
Exceptional items	-	-	-	-
Profi t/(Loss) before Tax	15521.56	(551.18)	16602.84	63224.31
Tax Expenses	(113.64)	(143.23)	(113.64)	(147.11)
Profi t/(Loss) After Tax	15635.20	(407.95)	16716.48	63371.42
Other Comprehensive Income	111.06	(294.09)	118.82	(282.55)
Total Comprehensive Income	15746.26	702.04	16835.30	63088.87

The fi nancial results of the Company have been prepared in accordance with The Companies (Indian Accounting Standards) Rules, 2015 as amended, prescribed under section 133 of the Companies Act, 2013.

OUTLOOK

Future outlook/performance of the group companies is relatively better and management is hopeful that performance of power sector shall improve in coming years.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has a proper and adequate system of internal controls that all assets are safeguarded and protected against loss from unauthorized use or disposition and all the transactions are authorised, recorded and reported correctly. Management continuously reviews the internal control systems and procedures to ensure orderly effi cient conduct of business. The review included adherence to the management policies and safeguarding the assets of the Company.

The Company has a strong internal control system comprising various levels of authorization, supervision, checks and balances and procedures through documented policy guidelines and manuals. The Internal Audit Team regularly monitors the effi cacy of internal controls/ and compliances with Standard Operating Procedures and Manuals with an objective of providing to the Audit Committee and the Board of Directors, an independent, objective and reasonable assurance that all the transactions are authorized, recorded and reported correctly and compliance with policies and statutes are made. The audit approach is based on random sample selection based and takes into consideration the generally accepted business practices. The Internal Audit Reports are discussed by the Audit Committee of the Board of Directors along with the directions/ action plan. The Internal Audit Team also assesses opportunities for improvement in business processes, systems and controls, gives recommendations and reviews the implementation of directions issued by the management, Board of Directors or its committees.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED

The industrial relations climate of the Company has been cordial during the year and is geared towards improving productivity, quality and safety.

The Company recognizes the importance of human resource development and several initiatives are taken aimed at motivating the employees, being its valuable assets. Training and development of employees continues to be an important focus area of increasing the competency levels in the organization.

The employee strength of the Company as on 31^st March 2023 were 2(two).

SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS AND CHANGE IN RETURN ON NET WORTH

S. No. Ratio	FY 2022-23	FY 2021-22
(i) Debtors Turnover	NA	NA
(ii) Inventory Turnover	NA	NA
(iii) Interest Coverage Ratio	NA	NA
(iv) Current Ratio	3.03	3.05
(v) Debt Equity Ratio	0.50	4.93
(vi) Operating Profi t Margin (%)	96	-3052
(vii) Net Profi t Margin (%)	97	-3673
(viii) Return on Net worth (%)	90	-24

There are signifi cant changes in ratios due to increase in revenue during the year during the current Financial Year as compare to previous Financial Year.

CAUTIONARY STATEMENT

Investors are cautioned that this discussion & analysis, relating to Companys objectives, expectations, estimates projections, etc may be considered as forward looking statements. Actual results may differ from such estimates, projections etc, whether expressed or implied. Factors which could make a signifi cant difference to the Companys operations include digitalization, foreign exchange fl uctuation, changes in Government regulations and tax laws, economic conditions affecting demand / supply and other factors over which the Company does not have any control.