RCT REFRACTORIES LIMITED Head & Corporate Office 3, NETAJI SUBHAS ROAD, KOLKATA - 700 001, INDIA PHONE : +91 33 40106100, FAK: +91 33 22430886 14 May, 2016 E-mail :iigl ho@ifgl.in Websites : www bojorie.in, www ifglref.com BSE Limited Listing Department Phiroze Jeejecbhoy Towers Dalal Street Mumbai 400 001 Dear Re: Audited financial results for quarter and year ended on 31" March, 2016 Code No, 532133 ‘The Board of Directors of the Company in their meeting held to-day have approved and taken on record financial results, both on stand alone and consolidated basis, for quarter and year ended on 31% March, 2016 duly audited by the Company's Statutory Auditors, M/s Deloitte Haskins & Sells. The Board did not recommend any further Dividend for FY 2015-16. Earlier Interim Dividend @20% i.e. Rs 2 per Equity Share was declared on 13" March, 2016 for FY 2015-2016. In accordance with Regulation 333)d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), following along with copy each of Audit Report dated 14" May, 2016 of said Statutory Auditors and Form A are enclosed herewith for your perusal, necessary action and record. a) Audited stand alone financial results for quarter and year ended on 31“ March, 2016. b) Audited consolidated financial results for quarter and year ended on 31" March, 2016, ©) Extract of Audited consolidated financial results for year ended on 31% March, 2016 being published in newspapers following Regulation 47(1)(b) of LODR. Thanking you, Yours faithfully, For IFGL Refractories Ltd., My Hof (R Agarwal Company Secretary Enel: As above Registered Oifce & Works : SECTOR", KALUNGA INDUSTRIAL ESTATE, PO. KALUNGA - 770 03), DIST. SUNDERGARH, ODISHA, INDIA PHONE : +91 66) 2660195/589/584 # Fox : +91 661 2660173 # E-mail: iglworks@ifghin ‘CIN : L272020R198991C002971 A GOVT. OF INDIA RECOGNISED STAR EXPORT HOUSE —_——— MONQCON vceRAmic = @FORM A. * Managing Director * CFO Audit Committee Chairman Auditor of the Company In terms of our report attached on the standalone financial statements of the Company For DELOITTE HASKINS & SELLS Chartered Accountants (Firm Registration No. 3020096) (ABhattacharya) (Partner) (Membership No. 054110) KOLKATA, 14th May, 2016 1. ] Name of the Company IFGL Refractories Limited 2. | Annual Standalone financial 31" March, 2016 statements for the year ended 3. _ | Type of Audit observation Un-modified 4. | Frequency of observation Not applicable 5. | Tobe signed by- Pradeep Bajbria Ko teng. fod do Kanhaiya Poddar hol, K SB Sanyal”Deloitte ‘Chartered Accountants, Haskins & Sells Bold spat or Block: £P & GR Sector Salt ake Elecrones Complex Kolkata = 700 097 India Tel +91 3) 6612 1000 Fax. 491 3) 6612 1001 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF IFGL REFRACTORIES LIMITED L. We have audited the accompanying Statement of Standalone Financial Results of IFGL Refractories Limited (“the Company”) for the year ended 31" March, 2016 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared on the basis of the related financial statements which is in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement, We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India, Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. ‘An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion, fen to us, the In our opinion and to the best of our information and according to the explanations gi Statement: (i) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: and (ii) gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the year ended 31 March, 2016.Deloitte Haskins & Sells J. The Statement includes the results for the Quarter ended 31 March, 2016 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For DELOITTE HASKINS & SELLS. Chartered Accountants (Fitm’s Registration No. 302009E) 7 A. Bhattacharya Partner (Membership No. 054110) Kolkata, 14" May, 2016[SERTEWENT OF STANDSTONE AUDITED FINANCTNE NTSULTS FOR THE QUARTER AND YEAR ENDED SIST ACH SU (ages in inc one a Shares and 95) | Panis Gaarerended Year Ended sea | araans | asans | nasame | nasans (audites)- (Aadited) eter Note (Refer Note) (Unaruited) (Audited) | (Aualted) (k_Exployee Bees Epes cs fo 330 2 oi trom Operations before Otter income ant Finance Coss (2), = 5, |r inm Cninary ivi bore Fina Cost 48) 1 [rit rom Onsinary Activites before Tax 5) 4 2. | Neem eo the prod (8) Thee aero Exava ad ay [gue fo goat wnt ant audited) | “canites) QUITY AND LIABILITIES f Sharehoker ands (a) Share Capa a an [beter Ta ts) ua (0 Longerm Provisions 3) Tota Outstanding eso Mio, Sl and Machu Entepies we | 8) Total Outstanding eso Cero than Mir, Sl and Mam Enterprise ist ize (o)OtherConent Lies es ‘TOTAL EQUITY AND ABILITIES aa | _ ee(4) Cath ant Cah Egueants (6) Shorten Loans and Advances 7 ma () Omer Cumen sets 7 20 1. Akow ava rests for Outer and Yea eve Sst Mash, 26 have en rv by he A 2. ‘TheCompanys prominin manufacturer and rae of Spec Refractor ant Cems st is managed organo a single ni Aconding th Company singe busines spent Sales inode expr sles Grading trough trading howe) as dks below = Faril Taare ended Yeartndet (ase Tunas) [MEH RET aes) | antes | ieterNete Uy seen Ee ce z 1 Sa (tag Mnoagh eag oS r abs a sae] 4, TheDiswtos al heir meting Held on 18h March 2015 a declare anit dividend of 20% (2/- per guy ar a vale ot 10/-each or he yard 4. Tmesgars of he ast quarter it March 2016 ae he balancing Hires wen he ates Rigs reaps of he fn oro at Mach 06 ae he 5. Figures for the previo peri ave ben si yeu wich were ute! Limited Revie ‘grouped wherever mcessry 0 compen wih he cron pulsation vest e fs ay. 206 Managing Director psFORMA. ‘Name of the Company IFGL Refractories Limited ‘Annual Consolidated financial statements for the year ended 31" March, 2016 Type of Audit observation Un-modified Frequency of observation ‘Not applicable To be signed by- © Managing Director * CFO © Audit Committee Chairman * Auditor of the Company In terms of our report attached on the consolidated financial statements of the Company | For DELOITTE HASKINS & SELLS Chartered Accountants (Firm Registration No. 302009E) (A Bhattacharya) (Partner) (Membership No. 054110) KOLKATA, 14th May, 2016 Joria Pradeep Ade Poddar h0L rs K SB SanyalDeloitte Chartered Accountants. Haskins & Sells Seeder lock: EP& GE Sector“ V Salt Lake Bectronics Complex Kolkata = 70009 Tel. 491 (33) 6612 1000 Fax 49) 3) 6612 1001 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF IFGL REFRACTORIES LIMITED L. We have audited the accompanying Statement of Consolidated Financial Results of IFGL Refractories Limited (“the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”) for the year ended 31% March, 2016 (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Statement, which is the responsibility of the Holding Company’s Management and approved by the Board of Directors, has been prepared on the basis of the related consolidated financial statements which is in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement. 2. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India, Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Holding Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Holding Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 3. We did not audit the financial statements of 18 subsidiaries (including step down subsidiaries) included in the consolidated financial results, whose financial statements reflect total assets of 36,222.88 lacs as at 31* March, 2016, total revenues of % 36,970.54 lacs for the year ended 31" March, 2016, and total profit after tax of & 1,779.58 lacs for the year ended 31% March, 2016, as considered in the consolidated financial results. These financial statements have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors.Deloitte Haskins & Sells 4. In our opinion and to the best of our information and according to the explanations given to us. and based on the consideration of the reports of the other auditors referred to in paragraph 3 above. the Statement (j)_ Includes the results of the following subsidiaries (including step down subsidiaries): a. IFGL Worldwide Holdings Limited (IWHL) IFGL Exports Limited (IEL) IFGL Monocon Holdings Limited Tianjin Monocon Refractories Company Limited Tianjin Monocon Aluminous Refractories Company Limited Monotee Refratarios Lida Monocon International Refractories Limited Monocon Overseas Limited Monocon Ceramies Ine. Goricon Metallurgical Services Limited IFGL GmbH Hofimann Ceramic GmbH m. Hofmann GmbH & Co. OHG Hofimann Ceramic CZ s.r.0. Hofmann Ceramic Limited Hofmann Ceramic LLC Hofimann Pyemetric LLC IFGL Ine. El Ceramics LLC (ii) is presented in accordance with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and (iii)gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Group for the year ended 31 March, 2016. The Statement includes the results for the Quarter ended 31 March, 2016 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For DELOITTE HASKINS & SELLS Chartered Accountants (Firm’s Registration No. 302909E) A. Bhatfacharya Partner (Membership No. 054110) Kolkata, 14 May, 2016TRI igen ns eH ToT TT sr reste oF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31S MARCH a6 ‘Quaner Ene Year Eade, “| (aude | unansies) | Aet- | ans | cAucied) (Weter Sots) (eter Nate) J” Net Ses’ come tom Operations et of Exit Dts w woe] was meor| ota toms fom Operations (et) vesso| rane] 19.275 now ns 2 [expenses 1 Coto Materia Conn 618s zm 20688 Changes in inventories of Finished Gods, Worker Progres and Sokn-Trade 2 “7 w 3. Joss rs Operations tore Ot nme and Face Cot (2) 58 1a 5: evi tom Ordinary Aste before Finance Cass (+4) 36 | Ls 1, [Prot trom Onsinary Activites before Tax 8) # 18s 1st 9. | Net most forthe pesos (8) at a8 3 1, {ee Prot ater noe terest ($30) 081 00 = sass 2, [Past up Equty Share Capea! Poe vale 10/-ea) ast el 6 sl 13. fRoseresexcading Revaluation Reserves sar sumo] | igus or quarter ae not anaes Taner Ear Yer inde rasta sea | saa | aoa | awa | nae Tanai. ‘avaied) (Refer Noto} (Unaustes | eter Notes] (Audited) | (Audited) ‘Segment Revenue Net Sales /Income ost Operations) nse nia “| : . Aaa ech Inds) uss} 10 ua san ase Unaostns t Tou a ae Lass: ner Sepmet Adustnent {aro seals] osza] Net Sales income fro Operations aso| view | 19278 | rar 7a Segment Resuls Poti) Loss) befor Tax and interest iin | 7 st} 0 co Aes): ner Segment Ajusnent Tf a] = Aa): ans Conte (Net ax} os] (| Ae} Other Unallcae Expert [Net of Unable Inco cal 150 a] Profit belore Tax so Boss 253 Segment Capital Employed Segment Asa -Segment Liable Inia resss] azo] 19980 roy 19990 Asia (ota fi) vant sw eat arope ea om ss Tota 387 To 3878 Ake: er Sep Austen t ‘ssa fe sa] Tota Cpt Employed [ Base Boss Baas2 Mino inne 128 6 {oy Deter Tax Lites (et) us wn Subbtotal- Nomeurent Lsbiltes ae Te {ashore Browns 500 so (0) TradePaabien Tota Cutan ues of Mo Enepies an Sl Energies ue ” i Ttal Oued dc of reir oer tan Mra Emerpacs nl Soul Etepis 7 ai {6)Other Curent atte et 223 shore Pavone vot 8 ‘Subtal- Coe ibis Tess 0 frorat-rqurry asp Lisensnes Sar aa (ay Fed ase wan) sit {@)Coevron Conslston nz ee) (6) Noncrrent vests ‘=| > (8) anger Louneand Avanos mn ssi ‘Sabtoul: Nomcutet ses Exc =r [ah caret ieee eo [oplewenoree oa toms (rade Rca, 100 waa (e) Caan Cash Egan = 388 (e)Shoreem Leas and Advances = oo (Modker Cure Sots ‘a 3 ‘Sabot Corent sets sa Siw frorat-assers Sa Easy 1. Aloe Suet eso Quarter and Year ened lt Match 2 hae bon eine yt ul Commit an apron yt Bord Dist te meting 2 Stand ane an Consol Final tal at aaa on Company's Wet we fhe com wll aon Wess ESE (com) ae NSE {wor season) Key Sane ancl wlematon gen below Gaara ened Ter Taaed fe viates Tae | seas see aaa | ne Ne a Lr a aeterneteo| amass | aeserncieos| Husted) | Autos) 1 fval nso Open 7a Te Ts aa Se 2 | Pott Oia Aces before Tan w wm ” 2 151 3. Above Canale iar eps ave Bron pp nance with te apa Aoutng Saas spd unde Seon 19 the Compare et. 201 "ead with lef he Compa cou Rake, 204 Group compres fhe fae Caspan? and sine susie. 4 Theioup'spreomianty2 manure a aero Specie ears and Ceram scoring siege sins segment grup. The Grup hat doped ograpnal cation of speedos nee proses are predace serie renders acti se bd) ar ima seme nr! Acouning Sand 17 ‘Segnen Reporing 5 The Dice her moving held 1th Match 204 ha dela an intern vend of 20% (2/-perauty shar of parva 10/-tch rhe earned Dist Mach mt The hav ot mend ay fhe dived. 5 Theiguesot he st quae st March 201 ae the aang igure eben he in igure apc fhe ancl ern Sa Marsan he aie plane eer date utes up eed anor tac yur wich ee acts Lines Ravin 27. igue forte previo pry 12 dase / e-artange!/r-roups wherever oes comepond wih he catenin cleiton tone Manas Det —ITFGL REFRACTORIES LIMITED. Registered Offic & Works Sector’, Kalung Inds Estate PO. Kalunga 770 03, ist. Sndergath (Odi) Head and Corporate Office: 3, Netaji Subhas Road, Kathala- 700 001 (CIN: 1272020R1989P1.C002971 small bomen; Website : www ifpref com EXTRACT OF STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS VOR THE QUARTER AND YEAR ENDED 3IST MARCH, 2016 All Figures in Bs i es except for Shaves and EPS) [ta income Tom Operations (ey KS] Ta set Protc oe Ordinary Actin after Tan and | 5 Minority ners ail 319 Pui up Equi Stave Capa Face Value Re 10 m oe 24st i Reserves (@cading Revaluation Rese) a0 Tay JEsmings Per Share oF Rs 107- each [asic and Dilated be 1312 There re no extol Rem ‘Atvove uit Financial Results or he quarter an year endod 31st Marc, 2016 have been reviewed bythe Audit Commitecané approved by the Board of Directors t thet mectng hel on Saturday, th May, 2016 Key Standalone Financial Information ae a ols sins) Wear ended Yearended ee 31-05-2016 31.05.2015, [Toa icome om Operations ey saa Taal ron before Tax zara S15 Prot afer Tax Le] 2.686] kote 14m May, 2016 This isan eet ofthe dele format of Consolidated and Standalone Financial Ress for the quate and yest ended 31s March 2016 fed with the Stock Exchanges under Regulation 33 ofthe SEBI (Listing and Other Disclosure Requirnents) Regulation 215, Detailed frat ofthe Consolidated and Stand-alone Francia Resi are avalble on the Websites of BSE xntseinda com), NSE (wn scindia.com) and Company's ‘Website (ww faeeeom) Gils On behalf of the Board Refractories Limited P Bajoria (DIN : 00084031) Managing Director