Inter Globe Finance Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 10:47 am
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Inter Globe Finance Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 170.624 million compared to INR 168.314 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2.773 million compared to profit from operations before other income, finance costs and exceptional items of INR 15.541 million a year ago. Loss from ordinary activities before tax was INR 3.276 million compared to profit from ordinary activities before tax of INR 15.397 million a year ago. Net loss for the period was INR 3.276 million compared to net profit of INR 15.397 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.48 compared to earnings per share of INR 2.26 a year ago.
For the nine months, on a standalone basis, the company reported net sales/income from operations of INR 618.668 million compared to INR 826.485 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3.929 million compared to profit from operations before other income, finance costs and exceptional items of INR 1.598 million a year ago. Profit from ordinary activities before tax was INR 2.875 million compared to profit from ordinary activities before tax of INR 1.354 million a year ago. Net profit for the period was INR 2.875 million compared to net profit of INR 1.354 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.42 compared to earnings per share of INR 0.20 a year ago.
For the quarter, on a consolidated basis, the company reported net sales/income from operations of INR 170.574 million compared to INR 338.718 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2.769 million compared to profit from operations before other income, finance costs and exceptional items of INR 12.508 million a year ago. Loss from ordinary activities before tax was INR 3.272 million compared to profit from ordinary activities before tax of INR 12.285 million a year ago. Net loss for the period was INR 3.272 million compared to net profit of INR 12.285 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.46 compared to earnings per share of INR 1.71 a year ago.
For the nine months, on a consolidated basis, the company reported net sales/income from operations of INR 618.650 million. Profit from operations before other income, finance costs and exceptional items was INR 3.939 million. Profit from ordinary activities before tax was INR 2.885 million. Net profit for the period was INR 2.885 million. Basic and diluted earnings per share before and after extraordinary items were INR 0.40.
Inter Globe Finance Limited is an India-based non-banking financial company. The Company is an integrated financial services company offering a range of services to a clientele that includes corporations, financial institutions, high net-worth individuals, and retail investors. The Company is engaged in NBFC activities and financial management and advisory services. Its debt financing and syndication products include loan syndication, project finance, working capital loan, initial public offering (IPO) funding, MSME/SME finance, and loan against shares. Its area of focus is customer-oriented services, simplified procedures, and flexibility and timeliness in meeting credit needs. It serves industries, including share broking houses, logistics, integrated steel plants, real estate developers, infrastructure conglomerates, airport ground handling services, retail marts, iron ore mine industries and power sector.
Inter Globe Finance Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016