JRG Securities Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 25, 2012 at 11:39 am
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JRG Securities Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, on standalone basis, the company reported total income of INR 46.12 million, loss from operations before other income, interest and exceptional items of INR 29.58 million, loss after tax of INR 35.64 million or diluted loss per share of INR 1.53 compared to total income of INR 100.06 million, loss from operations before other income, interest and exceptional items of INR 17.62 million, loss after tax of INR 20.37 million or diluted loss per share of INR 0.87 for the same period last year.
For the nine months, on standalone basis, the company reported total income of INR 271.41 million, loss from operations before other income, interest and exceptional items of INR 67.22 million, loss after tax of INR 92.9 million or diluted loss per share of INR 3.98 compared to total income of INR 271.41 million, loss from operations before other income, interest and exceptional items of INR 67.22 million, loss after tax of INR 46 million or diluted loss per share of INR 1.98 for the same period last year.
For the quarter, on consolidated basis, the company reported total income of INR 106.83 million, loss from operations before other income, interest and exceptional items of INR 27.35 million, loss attributable to shareholders of INR 28.93 million or diluted loss per share of INR 1.24 compared to total income of INR 174.33 million, profit from operations before other income, interest and exceptional items of INR 7.37 million, loss attributable to shareholders of INR 6.64 million or diluted loss per share of INR 0.28 for the same period last year.
For the nine months, on consolidated basis, the company reported total income of INR 353.95 million, loss from operations before other income, interest and exceptional items of INR 99.43 million, loss attributable to shareholders of INR 83.6 million or diluted loss per share of INR 3.58 compared to total income of INR 473.96 million, loss from operations before other income, interest and exceptional items of INR 3.46 million, profit attributable to shareholders of INR 4.07 million or diluted income per share of INR 0.17 for the same period last year.
Inditrade Capital Limited is an India-based company, which is engaged in the business of financial services, commodity broking, direct insurance agents, marketing support services, e-commerce in rural areas, and dealing in commodities. The Company operates through five segments: Client Financing, Commodity Trade Support Services, Sale of Goods, Insurance Broking Services and Others. It offers Agri commodity finance, micro finance, micro, small and medium enterprises (MSME) finance and micro lending. Its Agri-commodity finance provides funds primarily against exchange traded non-essential commodities, such as soya, pepper, cardamom, and rubber. Its micro lending, which includes an online digital process that facilitates loans disbursal and repayment collection. It provides MSME loans ranging between five lakhs rupees to 50 lakhs to small and medium enterprises (proprietorships and partnerships predominantly) for a period of 12-24 months.