Financial Result Quarter 3 - 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 DECEMBER 31, 2022

  Particulars  STANDALONE 
  Quarter Ended 9 Months Ended Year Ended
  31-Dec-22 30-Sep-22 31-Dec-21 31-Dec-22 31-Dec-21 31-Mar-22
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
I. Income            
  Revenue from operations            
(i) Interest Income        149.07        153.58        174.55         456.14         460.08         612.00
(ii) Dividend Income           0.94         10.68           0.99          12.57            3.22            6.95
(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)            
(viii) Sale of services        340.95        313.57        318.43         958.46         888.66      1,481.18
(ix) Other revenue from operations  
  Total other revenue from operations                 -               -                   -                    -  
  Total Revenue from operations         490.96        477.83        493.97      1,427.17      1,351.96      2,100.13
  Other Income           0.23           2.18           1.65            3.85            5.46            5.46
  Total Income        491.20        480.01        495.62      1,431.02      1,357.42      2,105.59
2 Expenses:  
  Cost of material consumed (share Transaction expenses)           0.83           0.92           0.71            2.22            9.03          62.64
  Purchases of Stock in trade        633.53        582.05        230.19      1,312.44         693.07      1,758.72
  Changes in inventories of finished goods, stock in trade and work in progress      (211.76)      (364.61)        379.85       (374.25)       (138.33)       (505.78)
  Employee benefit expenses         37.33         36.55         38.65         104.68          95.68         119.21
  Finance Costs         33.39         34.40         37.50         102.73         103.39         148.22
  Depreciation, amortization & impairment           2.16           2.34           2.97            7.02            9.65          12.33
  Fees and Commission Expense           0.39           0.16           0.52            5.60            5.31            6.00
  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         46.74         14.81         30.16          76.96          85.08         206.41
  Total other expenses         46.74         14.81         30.16          76.96          85.08         206.41
  Total Expenses         542.62        306.62        720.55      1,237.39         862.88      1,807.75
3 Total Profit  before exceptional and Tax         (51.42)        173.39      (224.93)         193.63         494.54         297.84
4 Exceptional items-Provision for Doubtful Debts.        (43.00)        (26.18)             -           (69.18)         423.58         370.92
5 Total Profit before tax           (8.42)        199.57      (224.93)         262.81          70.95         (73.08)
7 Tax expense   
8 Current Tax        (10.25)         35.00             -            42.75         179.20          76.50
9 Deffered Tax                      6.77
10 Total Tax expenses        (10.25)         35.00             -            42.75         179.20          83.27
14 Net Profit/(Loss) for the period from continuing operations            1.83        164.57      (224.93)         220.06       (108.25)       (156.35)
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           1.83        164.57      (224.93)         220.06       (108.25)       (156.35)
22 Other Comprehensive Income net of taxes             -            
23 Total Comprehensive Income for the period           1.83        164.57      (224.93)         220.06       (108.25)       (156.35)
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         682.23
  Face value of equity share capital         10.00         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           0.03           2.41         (3.30)            3.23          (1.59)          (2.29)
  Diluted earnings per share from continuing operations           0.03           2.41         (3.30)            3.23          (1.59)          (2.29)
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           0.03           2.41         (3.30)            3.23          (1.59)          (2.29)
  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

NOTES TO THE FINANCIAL RESULTS

  1. The aforesaid results for the quarter ended December 31, 2022 have been reviewed by the Audit Committee and thereafter approved by the board at their respective meeting held on Monday, the 13th day of February, 2023
  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. Previous year / periods figures have been regrouped / reclassified, wherever necessary.

By order of the Board      
For Inter Globe Finance Ltd.

       PLACE: KOLKATA
 Date: 13th February, 2023

Navin Jain
(Chairman & Managing Director)
DIN - 01197626