Financial Result Quarter 3 - FY17-18
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 AND NINE MONTHS ENDED DECEMBER 31, 2017. | ||||||
| *(in Lakhs) | ||||||
| Particulars | STANDALONE | |||||
| Quarter Ended | 9 Months Ended | Year Ended | ||||
| 31-Dec-17 | 30-Sep-17 | 31-Dec-16 | 31-Dec-17 | 31-Dec-16 | 31-Mar-17 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | |
| I.Revenue from operations | 232.78 | 235.63 | 1706.24 | 1,673.47 | 6186.68 | 7,848.96 |
| II.Other Income | 14.18 | - | - | 1.11 | 9.22 | - |
| III.Total Revenue (I+II) | 246.96 | 235.63 | 1,706.24 | 1,674.58 | 6,195.90 | 7,848.96 |
| IV.Expenses: | ||||||
| a. Cost of material consumed | - | - | - | - | - | - |
| b. Purchases of Stock-in-trade | - | 0.76 | 1434.27 | 17.64 | 5641.60 | 6881.67 |
| c. Change in inventories of finished goods, work-in-progress and Stock-in-trade | (3.10) | 30.58 | 127.36 | 903.09 | 129.89 | 298.33 |
| d. Employees benefits expense | 50.723 | 43.57 | 50.39 | 136.47 | 73.58 | 94.20 |
| e. Finance Costs | 11.59 | 20.07 | - | 44.30 | 38.00 | |
| f. Depreciation and amortisation expense | 8.09 | 8.80 | 7.93 | 25.72 | 19.33 | 38.46 |
| g. Other Expenses | 223.03 | 232.77 | 114.02 | 644.83 | 292.21 | 342.74 |
| Total Expenses | 290.33 | 336.55 | 1,733.97 | 1,772.05 | 6,156.61 | 7,693.40 |
| V. Profit/(Loss) from Operations before exceptional and extraordinary items and Tax (III-IV) |
(43.37) | (100.92) | (27.73) | (97.47) | 39.29 | 155.56 |
| VI.Exceptional items | - | - | (5.03) | - | (10.54) | 88.84 |
| VII.Profit/(Loss) before extraordinary items and Tax (V+VI) |
(43.37) | (100.92) | (32.76) | (97.47) | 28.75 | 244.40 |
| VIII.Extraordinary Items | - | - | - | - | - | - |
| IX.Profit/ Loss before tax (VII-VIII) | (43.13) | (100.92) | (32.76) | (97.47) | 28.75 | 244.40 |
| X.Tax expense | ||||||
| (1) Current Tax | - | - | - | - | - | 87.80 |
| (2) Deffered Tax | - | - | - | - | - | - |
| XI.Profit/(Loss) for the period from continuing operations (IX-X) |
(43.13) | (100.92) | (32.76) | (97.47) | 28.75 | 156.60 |
| 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) | (43.13) | (100.92) | (32.76) | (97.47) | 28.75 | 156.60 |
| 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 | (0.64) | (1.48) | (0.48) | (1.43) | 0.42 | 2.30 |
| (2) Diluted | (0.64) | (1.48) | (0.48) | (1.43) | 0.42 | 2.30 |
NOTES TO THE FINANCIAL RESULTS
- The aforesaid results for the quarter and Nine Months ended December 31, 2017 have been reviewed by the Audit Committee and thereafter approved by the board at their respective meeting held on Monday, the 12th day of February, 2018.
- The aforesaid results have been subjected to Limited Review Report by the Statutory Auditors of the Company.
- The business of a Company falls within a single primary segement viz, 'Financial Services' and hence, the disclosure requirement of accounting Standard-17 'Segement Reporitng' is not applicable.
- 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. 93.73 Crores as on 31st March, 2017 which is less than 500 Crores
- Previous year / periods figures have been regrouped / reclassified, wherever necessary.
- The I. T. Department had raised a Demand on the Company pertaining to A.Y. 2010-2011. The Company had filed an appeal before the Hon'ble CIT(A), Kolkata. The matter is pending before the Hon'ble CIT(A).
For and on behalf of Board of Directors
For Inter Globe Finance Ltd.
PLACE: KOLKATA
Date: 12th February, 2018.
Anirban Dutta
(Chief Financial Officer)