Financial Result Quarter 2 - FY16-17
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
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2016 | ||||||||
| *(in Lakhs) | ||||||||
| Particulars | STANDALONE | CONSOLIDATED | ||||||
| 3 Months Ended | 6 Months Ended | Year Ended | 3 Months Ended | 6 Months Ended | ||||
| 30-Sep-16 | 30-Jun-16 | 30-Sep-15 | 30-Sep-16 | 30-Sep-15 | 31-Mar-16 | 30-Sep-16 | 30-Sep-16 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | (Unaudited) | (Unaudited) | |
| 1.a Net Sales/Income from Operations | 3,386.86 | 1,095.75 | 2,818.05 | 4,483.43 | 6,229.36 | 9,199.54 | 3,387.18 | 4,483.75 |
| b.Other operating Income | 9.22 | - | - | 9.22 | - | - | 9.22 | 9.22 |
| Total Income | 3,396.08 | 1,095.75 | 2,818.05 | 4,492.65 | 6,229.36 | 9,199.54 | 3,396.40 | 4,492.97 |
| 2.Expenditure | ||||||||
| a. Increase/decrease in stock in trade and work in progress |
(83.35) | 85.04 | (50.04) | 2.52 | (584.94) | (688.28) | (83.35) | 2.52 |
| b.Consumption of raw materials | - | - | - | - | - | - | - | - |
| c.Purchase of traded goods | 3,209.99 | 997.35 | 2,656.30 | 4,207.34 | 6,852.30 | 9,582.63 | 3,209.99 | 4,207.34 |
| d.Employees cost | 14.30 | 9.99 | 15.53 | 24.31 | 29.72 | 60.25 | 14.30 | 24.31 |
| e.Depreciation & amortization | 7.96 | 3.43 | 4.78 | 11.39 | 9.94 | 19.04 | 7.96 | 11.39 |
| f.Other expenditure | 122.17 | 54.91 | 28.45 | 177.06 | 58.68 | 181.23 | 122.42 | 177.32 |
| g.Total | 3,271.07 | 1,150.72 | 2,655.02 | 4,422.62 | 6,365.70 | 9,154.87 | 3,271.32 | 4,422.88 |
| 3. Profit from Operations before other Income, Finance Cost and exceptional items |
125.01 | (54.97) | 163.03 | 70.03 | (136.34) | 44.67 | 125.08 | 70.09 |
| 4.Other Income | - | - | - | - | - | - | - | - |
| 5.Profit from ordinary activities before Finance Cost and Exceptional items |
125.01 | (54.97) | 163.03 | 70.03 | (136.34) | 44.67 | 125.08 | 70.09 |
| 6.Interest Paid | 2.23 | 3.28 | 1.14 | 5.52 | 2.08 | 5.06 | 2.23 | 5.52 |
| 7.Profit from ordinary activities after finance costs but before exceptional items |
122.78 | (58.25) | 161.89 | 64.51 | (138.42) | 39.61 | 122.85 | 64.57 |
| 8. Exceptional items | - | - | - | - | - | - | - | - |
| 9.Profit (+)/ Loss (-) from ordinary activities before tax |
122.78 | (58.25) | 161.89 | 64.51 | (138.42) | 39.61 | 122.85 | 64.57 |
| 10. Tax expense (including deferred tax and net of MAT credit entitlement) |
- | - | - | - | - | 12.24 | - | - |
| 11.Net Profit (+)/ Loss (-) from ordinary activities after tax |
122.78 | (58.25) | 161.89 | 64.51 | (138.42) | 27.37 | 122.85 | 64.57 |
| 12. Extraordinary Item (net of tax expense Rs) |
- | - | - | - | - | - | - | - |
| 13. Net Profit (+) / Loss (-) for the period (11-12) |
122.78 | (58.25) | 161.89 | 64.51 | (138.42) | 27.37 | 122.85 | 64.57 |
| 14. Paid Up Share Capital (Face Value of the Share shall be indicated) |
682.23 | 682.23 | 682.23 | 682.23 | 682.23 | 682.23 | 717.23 | 717.23 |
| 15. Reserve excluding (Revaluation Reserves as per balance sheet of previous accounting year) |
9,020.71 | 8,897.93 | 8,464.16 | 9,020.71 | 8,450.11 | 8,636.08 | N.A | N.A |
| 16.i Earning per Share (EPS) (before extra ordinary items) Basic and Diluted (not to be annualized) |
||||||||
| a. before extra ordinary items | 1.80 | (0.85) | 2.37 | 0.95 | (2.03) | 0.40 | 1.71 | 0.90 |
| b. after extra ordinary items | 1.80 | (0.85) | 2.37 | 0.95 | (2.03) | 0.40 | 1.71 | 0.90 |
| 16.ii Earning per Share (EPS) (after extra ordinary items) |
||||||||
| Basic and Diluted (not to be annualized) |
||||||||
| a. before extra ordinary items | 1.80 | (0.85) | 2.37 | 0.95 | (2.03) | 0.40 | 1.71 | 0.90 |
| b. after extra ordinary items | 1.80 | (0.85) | 2.37 | 0.95 | (2.03) | 0.40 | 1.71 | 0.90 |
* Except EPS which is deretmined in Rs. & Paise
| STATEMENT OF ASSETS & LIABILITIES FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2016 |
||||
| Rs. in Lacs) | ||||
| Particulars | STANDALONE | CONSOLIDATED | ||
| AS AT 30-09-2016 (Un Audited) |
AS AT 31-03-2016 (Audited) |
AS AT 30-09-2016 (Un Audited) |
AS AT 31-03-2016 (Audited) |
|
| A EQUITY AND LIABILITIES | ||||
| 1. Shareholders' funds | ||||
| a) Share Capital | 682.23 | 682.23 | 717.23 | 0.00 |
| b) Reserves and Surplus | 8660.13 | 8595.61 | 8654.85 | 0.00 |
| c) Money received against share warrants | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Shareholder's funds | 9342.36 | 9277.84 | 9372.08 | 0.00 |
| 2. Share application money pending allotment | 0.00 | 0.00 | 0.00 | 0.00 |
| 3. Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| 4. Non-current liabilities | 0.00 | |||
| a) Long-term borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| b) Deferred tax liabilities (net) | 0.00 | 0.00 | 0.00 | 0.00 |
| c) Other long-term liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| d) Long-term provisions | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Non-current liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| 5. Current liabilities | ||||
| a) Short-term borrowings | 783.94 | 9.59 | 783.94 | 0.00 |
| b) Trade payables | (53.39) | 3.34 | (53.39) | 0.00 |
| c) Other current liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| d) Short-term provisions | 85.08 | 101.38 | 85.08 | 0.00 |
| Sub-total - Current liabilities | 815.63 | 114.31 | 815.63 | 0.00 |
| TOTAL - EQUITY AND LIABILITIES | 10157.99 | 9392.15 | 10187.71 | 0.00 |
| B ASSETS | ||||
| 1. Non-current assets | ||||
| a) Fixed Assets | 126.06 | 81.64 | 126.06 | 0.00 |
| b) Goodwill on consolidation | 0.00 | 0.00 | 0.00 | 0.00 |
| c) Non-current investments | 135.40 | 333.90 | 158.61 | 0.00 |
| d) Deferred tax assets (net) | 0.00 | 0.00 | 0.00 | 0.00 |
| e) Long term loans and advances | 0.00 | 0.00 | 0.00 | 0.00 |
| f) Other non-current assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Non-current assets | 261.46 | 415.54 | 284.67 | 0.00 |
| 2. Current assets | ||||
| a) Current investments | 0.00 | 0.00 | 0.00 | 0.00 |
| b) Inventories | 2234.90 | 2282.61 | 2234.90 | 0.00 |
| c) Trade receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| d) Cash and cash equivalents | 698.74 | 40.19 | 704.98 | 0.00 |
| e)Short term loans and advances | 6767.56 | 6375.08 | 6767.56 | 0.00 |
| f) Other current assets | 195.33 | 278.73 | 195.62 | 0.00 |
| Sub-total - Current assets | 9896.53 | 8976.61 | 9903.06 | 0.00 |
| Total-Assets | 10157.99 | 9392.15 | 10187.71 | 0.00 |
NOTES TO THE FINANCIAL RESULTS
- The aforesaid results have been subjected to Limited Review Report by the Statutory Auditors and reviewed by the Audit Committee and approved by the board at their respective meetings held on Saturday, 12th November 2016.
- The Consolidated results have been compiled based on Accounting Standards referred to in section 133 of the Companies Act 2013.
- 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.
- The Company does not have any extraordinary or exceptional item to report for the above periods.
- Figures for the quarter ended 31st March, 2016 and 31st March, 2015 are the balancing figures between audited figures in respect of full finacial year and the published year to date figures upto the third quarter of the relevent financial year.
- 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
DATE: 12th November, 2016
(Navin Jain)
Director