| 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 |
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| STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2018. |
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*(in Lakhs) |
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Particulars |
STANDALONE |
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Quarter Ended |
Year Ended |
|
30-Jun-18 |
31-Mar-18 |
30-Jun-17 |
31-Mar-18 |
31-Mar-17 |
|
(Unaudited) |
(Audited) |
(Unaudited) |
(Audited) |
(Audited) |
| I. |
Revenue from operations |
702.69 |
218.30 |
1,206.04 |
1,875.72 |
7,848.96 |
| II. |
Other Income |
4.04 |
3.18 |
- |
20.37 |
- |
| III. |
Total Revenue (I+II) |
706.73 |
221.48 |
1,206.04 |
1,896.09 |
7,848.96 |
| IV. |
Expenses: |
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- |
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a. Cost of material consumed |
- |
- |
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- |
- |
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b. Purchases of Stock-in-trade |
368.85 |
1,737.25 |
16.87 |
1,753.99 |
6,881.67 |
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c. Change in inventories of finished goods, work-in-progress and Stock-in-trade |
96.80 |
(1,617.85) |
875.60 |
(714.76) |
298.33 |
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d. Employees benefits expenses |
28.61 |
56.49 |
42.18 |
170.46 |
94.20 |
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e. Finance Costs |
41.38 |
39.34 |
12.64 |
321.64 |
38.00 |
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f. Depreciation and amortisation expenses |
7.58 |
6.03 |
8.83 |
31.53 |
38.46 |
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g. Other Expenses |
29.22 |
61.84 |
188.90 |
226.26 |
342.74 |
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Total Expenses |
572.44 |
283.10 |
1,145.02 |
1,789.12 |
7,693.40 |
| V. |
Profit/(Loss) from Operations before exceptional and extraordinary items and Tax (III-IV) |
134.29 |
(61.62) |
61.02 |
106.97 |
155.56 |
| VI. |
Exceptional items-Provision for Doubtful Debts. |
(216.38) |
10.72 |
- |
(243.46) |
88.84 |
| VII. |
Profit/(Loss) before extraordinary items and Tax (V+VI) |
(82.09) |
(50.90) |
61.02 |
(136.49) |
244.40 |
| VIII. |
Extraordinary Items |
- |
- |
- |
- |
- |
| IX. |
Profit/ Loss before tax (VII-VIII) |
(82.09) |
(50.90) |
61.02 |
(136.49) |
244.40 |
| X. |
Tax expense |
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|
|
|
|
(1) Current Tax |
33.47 |
26.68 |
17.57 |
26.68 |
87.80 |
|
(2) Deffered Tax |
- |
(18.99) |
- |
(18.99) |
- |
| XI. |
Profit/(Loss) for the period from continuing operations (IX-X) |
(115.56) |
(58.58) |
43.45 |
(144.18) |
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) |
(115.56) |
(58.58) |
43.45 |
(144.18) |
156.60 |
| XVI. |
Paid-up equity share capital |
682.23 |
682.23 |
682.23 |
682.23 |
682.23 |
| XVII. |
Earning per Equity Share(EPS) |
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|
|
|
|
(1) Basic |
(1.69) |
(0.86) |
0.64 |
(2.11) |
2.30 |
|
(2) Diluted |
(1.69) |
(0.86) |
0.64 |
(2.11) |
2.30 |
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* Except EPS which is determined in Rs. & Paise |
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| NOTES TO THE FINANCIAL RESULTS |
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| 1. The aforesaid results for the quarter ended June 30, 2018 have been reviewed by the Audit Committee and thereafter approved by the board at their respective meeting held on Monday, the 13th day of August, 2018. |
| 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. 91.17 Crores as on 30th June, 2018. |
| 4. Previous year / periods figures have been regrouped / reclassified, wherever necessary. |
| 5. During the quarter one of the loan accounts turned into doubtful debt. The management on conservative basis has provided 100% basis. |
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For and on behalf of Board of Directors |
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For Inter Globe Finance Ltd. |
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Place:Kolkata |
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Navin Jain |
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Date: 13th August, 2018. |
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(Managing Director) |
