Financial Result Quarter 1 - FY22-23

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 STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2022
   *(in Lakhs) 
  Particulars STANDALONE 
  Quarter Ended Year Ended
  30-Jun-22 31-Mar-22 30-Jun-21 31-Mar-22 31-Mar-21
   (Unaudited)   (Audited)   (Unaudited)   (Audited)   (Audited) 
I. Income          
  Revenue from operations          
(i) Interest Income        153.49        151.92        141.26         612.00         625.07
(ii) Dividend Income           0.75           0.34           0.57            6.95            4.00
(iii) Rental Income          
(iv) Fees and Commission Income          
(v) Net gain on fair value changes          
(vi) Net gain on derognition of financial instruments under amortized cost category          
(vii) Sale of products(including Excise Duty)        303.94        592.51        570.23      1,481.18      2,211.62
(viii) Sale of services          
(ix) Other revenue from operations  
  Total other revenue from operations                 -               -                   -                  -  
  Total Revenue from operations         458.17        744.77        712.06      2,100.13      2,840.70
  Other Income           1.44             1.91            5.46            7.37
  Total Income        459.62        744.77        713.97      2,105.59      2,848.07
2 Expenses:  
  Cost of material consumed             -               -               -                  -  
  Purchases of Stock in trade         96.86     1,065.65        462.89      1,758.72      2,566.48
  Changes in inventories of finished goods, stock in trade and work in progress        202.12      (371.45)      (256.54)       (505.78)       (344.44)
  Employee benefit expenses         30.81         28.93         27.52         119.21         138.70
  Finance Costs         34.94         44.83         34.28         148.22         166.02
  Depreciation, amortization & impairment           2.51           2.68           3.45          12.33          17.08
  Fees and Commission Expense               4.41    
  Net loss on fair value changes          
  Net loss on derecognition of financial instruments under amortised cost category          
  Impairment of financial instruments          
  Other Expenses  
1 Other Expenses         20.37        150.74         21.29         275.05         121.94
  Total other expenses         20.37        150.74         21.29         275.05         121.94
  Total Expenses         387.61        921.38        297.30      1,807.75      2,665.77
3 Total Profit  before exceptional and Tax          72.00      (176.61)        416.68         297.84         182.29
4 Exceptional items-Provision for Doubtful Debts.             -           52.65      (220.06)         370.92         193.32
5 Total Profit before tax          72.00      (123.96)        196.61         (73.08)         (11.02)
7 Tax expense   
8 Current Tax         18.00      (102.70)        104.20          76.50          47.50
9 Deffered Tax                  6.77            8.20
10 Total Tax expenses         18.00      (102.70)        104.20          83.27          55.70
14 Net Profit/(Loss) for the period from continuing operations          54.00        (21.26)         92.41       (156.35)         (66.72)
15 Profit/(Loss) for the period from Discontinued operations before tax          
16 Tax Expense of Discontinued operations           
17 Net Profit/ Loss from discontinued operations after tax          
19 Share of profit (loss) of associates and joint ventures accounted for using equity method          
21 Total profit (loss) for period         54.00        (21.26)         92.41       (156.35)         (66.72)
22 Other Comprehensive Income net of taxes             -          
23 Total Comprehensive Income for the period         54.00        (21.26)         92.41       (156.35)         (66.72)
24 Total profit or loss, attributable to  
  Comprehensive Income for the period attributable to owners of parent          
  Total profit or loss, attributable to non-controlling interests          
25 Total Comprehensive Income for the period attributable to          
  Comprehensive Income for the period attributable to owners of parent          
  Total comprehensive income for the period attributable to non-controlling interests          
26 Details of equity share capital
  Paid-up equity share capital        682.23        682.23        682.23         682.23         682.23
  Face value of equity share capital         10.00         10.00         10.00          10.00          10.00
28 Reserves excluding Revaluation Reserve          
29 Earnings per  Share
I. Earnings per equity share for continuing operations  
  Basic earnings per share from continuing operations           0.79         (0.31)           1.35          (2.29)          (0.98)
  Diluted earnings per share from continuing operations           0.79         (0.31)           1.35          (2.29)          (0.98)
ii. Earnings per Equity Share for discontinued operations          
  Basic earnings per share from continuing operations             -               -               -                  -  
  Diluted earnings per share from continuing operations             -               -               -                  -  
ii. Earnings per Equity Share
  Basic earnings per share           0.79         (0.31)           1.35          (2.29)          (0.98)
  Diluted earnings per share              -               -               -                  -  
30 Debt Equity Ratio          
31 Debt service coverage ratio          
32 Interest service coverage ratio          
33 Disclosure of notes on financial results  

* Except EPS which is determined in Rs. & Paise

  1. The aforesaid results for the quarter ended June 30, 2022 have been reviewed by the Audit Committee and thereafter approved by the Board at their respective meeting held on Thursday, the 11th day of August, 2022
  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. There being no subsidiary of the Company, the above results are prepared on standalone basis.
  4. 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. Effective April 01, 2019 the Company adopted Ind AS hence, the Financial Results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescreibed under Section 133 of The Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies to the extent applicable. There is a possibility that these financial results for the current and previous periods may require adjustments due to changes in the use of one or more optional exemptions from full retrospective application of certain Ind AS 101 which may arise upon finalisation of the financial statements as at and for the quarter ending 30 June, 2022 prepared under Ind AS.
  5. Previous year / periods figures have been regrouped / reclassified, wherever necessary.

By order of the Board      
For Inter Globe Finance Ltd.

       PLACE: KOLKATA
 Date: 11th August, 2022

Navin Jain
(Chairman & Managing Director)
DIN - 01197626