Financial Result Quarter 3 - FY18-19

INTER GLOBE FINANCE LIMITED
Regd Office: Aloka House, 1st floor, 6B, Bentinck Street, Kolkata-700 001
Website: www.igfl.co.in E-mail: interglobefinance@gmail.com
CIN: - L65999WB1992PLC055265

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2018.
*(in Lakhs)

Particulars STANDALONE

Quarter Ended 9 months ended Year Ended

31/Dec/18 30/Sep/18 31/Dec/17 30/Dec/99 31/Dec/17 31/Mar/18

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I. Revenue from operations 201.71 260.09 232.78 461.80 1,673.47 1,875.72
II. Other Income 0.84 4.50 14.18 5.34 1.11 20.37
III. Total Revenue (I+II) 202.55 264.60 246.96 467.14 1,674.58 1,896.09
IV. Expenses:

-



a. Cost of material consumed - -


-

b. Purchases of Stock-in-trade 31.89 52.20 - 84.09 17.64 1,753.99

c. Change in inventories of finished goods, work-in-progress and Stock-in-trade (33.40) 161.14 (3.10) 127.74 903.09 (714.76)

d. Employees benefits expenses 35.47 28.64 50.72 64.11 136.47 170.46

e. Finance Costs 44.13 56.02 11.59 100.15 44.30 321.64

f. Depreciation and amortisation expenses 2.82 6.80 8.09 9.62 25.72 31.53

g. Other Expenses 30.04 15.27 223.03 45.31 644.83 226.26

Total Expenses 110.95 320.06 290.33 431.02 1,772.05 1,789.12
V. Profit/(Loss) from Operations before exceptional and extraordinary items and Tax (III-IV) 91.60 (55.46) (43.37) 36.12 (97.47) 106.97
VI. Exceptional items-Provision for Doubtful Debts. 160.00 (80.40) - 79.60 - (243.46)
VII. Profit/(Loss) before extraordinary items and Tax (V+VI) 251.60 (135.86) (43.37) 115.72 (97.47) (136.49)
VIII. Extraordinary Items - - - - - -
IX. Profit/ Loss before tax (VII-VIII) 251.60 (135.86) (43.37) 115.72 (97.47) (136.49)
X. Tax expense





(1) Current Tax 27.50 - - 27.50 - 26.68

(2) Deffered Tax - - -
- (18.99)
XI. Profit/(Loss) for the period from continuing operations (IX-X) 224.10 (135.86) (43.37) 88.22 (97.47) (144.18)
XII. Profit/(Loss) for the period from Discontinuing operations - - -
- -
XIII. Tax Expense of Discontinuing operations - - -
- -
XIV. Profit/ Loss from discontinuing operations (after Tax) (XII-XIII) - - -
- -
XV. Profit/(Loss) for the period (XI+XIV) 224.10 (135.86) (43.37) 88.22 (97.47) (144.18)
XVI. Paid-up equity share capital 682.23 682.23 682.23 682.23 682.23 682.23
XVII. Earning per Equity Share(EPS)






(1) Basic 3.28 (1.99) (0.64) 0.13 (1.43) (2.11)

(2) Diluted 3.28 (1.99) (0.64) 0.13 (1.43) (2.11)

* Except EPS which is determined in Rs. & Paise













NOTES TO THE FINANCIAL RESULTS





1. The aforesaid results for the quarter ended December 31, 2018 have been reviewed by the Audit Committee and thereafter approved by the Board at their respective meeting held on Wednesday, the 13th day of February, 2019.
2. The business of the Company falls within a single primary segement viz, 'Financial Services' and hence, the disclosure requirement of Accounting Standard-17 'Segment Reporitng' is not applicable.
3. Inter Globe Finance Ltd. is a Non-Banking Financial Company (NBFC) as defined under the Companies (Indian Accounting Standard) (Amendment) Rules 2016 issued by the Ministry of Corporate Affairs vide notification dated 30th March, 2016. Accordingly, Financial Results as per Indian Accounting Standard (Ind-AS) of Schedule III shall be applicable to the Company effective from Accounting period beginning on 1st April, 2019 and the net worth of the Company is Rs. 92.38 Crores as on 31st December, 2018 which is less than 500 crores.
4. In the Financial year 2016-2017, Rs. 14,25,956/- was wrongly included in office equipements. The same has now been rectified to furniture a/c; accordingly depreciation has been credited by Rs. 342,926/- during the quarter.
5. Previous year / periods figures have been regrouped / reclassified, wherever necessary.







For and on behalf of Board of Directors





For Inter Globe Finance Ltd.
































Place:Kolkata



Navin Jain

Date: 13th February, 2019.


(Managing Director)