Financial Result Quarter 4 - FY18-19

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 AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2019.
 *(in Lakhs) 
Particulars  STANDALONE 
Quarter Ended  Year Ended 
31-Mar-19 31-Dec-18 31-Mar-18 31-Mar-19 31-Mar-18
 (Audited)   (Unaudited)   (Audited)   (Audited)   (Audited) 
I. Revenue from operations  200.93   201.71   218.30   1,375.86   1,875.72 
II. Other Income  1.55   0.84   3.18   6.81   20.37 
III. Total Revenue (I+II)  202.48   202.55   221.48   1,382.67   1,896.09 
IV. Expenses:
a. Cost of material consumed  -     -     -     -     -   
b. Purchases of Stock-in-trade  149.79   31.89   1,737.25   602.73   1,753.99 
c. Change in inventories of finished goods, work-in-progress and Stock-in-trade  (119.06)  (33.40)  (1,617.85)  106.01   (714.76)
d. Employees benefits expenses  50.57   35.47   56.49   143.30   170.46 
e. Finance Costs  53.67   44.13   39.34   195.20   321.64 
f.  Depreciation and amortisation expenses  3.96   2.82   6.03   24.60   31.53 
g. Other Expenses  50.59   30.04   61.84   127.51   226.26 
Total Expenses  189.52   110.95   283.10   1,199.35   1,789.12 
V. Profit/(Loss) from Operations before exceptional and extraordinary items and Tax (III-IV)  12.96   91.60   (61.62)  183.32   106.97 
VI. Exceptional items-Provision for Doubtful Debts.  -     160.00   10.72   (136.78)  (243.46)
VII. Profit/(Loss) before extraordinary items and Tax (V+VI)  12.96   251.60   (50.90)  46.54   (136.49)
VIII. Extraordinary Items  -     -     -     -     -   
IX. Profit/ Loss before tax (VII-VIII)  12.96   251.60   (50.90)  46.54   (136.49)
X. Tax expense 
(1) Current Tax  49.50   27.50   26.68   49.50   26.68 
(2) Deffered Tax  (3.35)  -     (18.99)  (3.35)  (18.99)
XI. Profit/(Loss) for the period from continuing operations (IX-X)  (33.19)  224.10   (58.58)  0.39   (144.18)
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)  (33.19)  224.10   (58.58)  0.39   (144.18)
XVI. Paid-up equity share capital  682.23   682.23   682.23   682.23   682.23 
XVII. Earning per Equity Share (EPS) 
(1) Basic  (0.49)  3.28   (0.86)  0.01   (2.11)
(2) Diluted  (0.49)  3.28   (0.86)  0.01   (2.11)
* Except EPS which is determined in Rs. & Paise

NOTES TO THE FINANCIAL RESULTS
  1. The aforesaid results for the quarter and year ended March 31, 2019 have been reviewed by the Audit Committee and thereafter approved by the board at their respective meeting held on Wednesday, the 29th day of May, 2019.
  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. 92.61 Crores as on 31st March, 2019.
  4. 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: 29th May, 2019.

Anirban Dutta
(Director)