Standalone & Consolidated Financial Results, Limited Review Report For September 30, 2016 (Result)

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KARUTURI

GLOBAL P R E S E N C E . GLOBAL S U C C E S S

To
The Manager Listing Compliance
BSE Limited
P.J Towers, Dalal Street
Mumbai-40000 1
7

To
The Manager,
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra East, Mumbai-40005 1
7

Dear Sir/Madam,

Subject: Outcome of Board of Directors Meeting

This is to inform you that the Board of Directors of the


Company a t its meeting held on November 24", 2016, as interalia approved the following transaction:
1.Approval of Un-Audited financial results of the company
for the quarter ended 30" September 2016.
2.Allotment of shares to Rhea Holdings Private Limited
3. Allotment of shares to preferential Warrants holders.
The meeting concluded a t 6.45 PM
For Karuturi Global Limited

&~ a h i v e e Jain
r
Company Secretary

Karuturi Global Limited


Reg. Office : # 304, Embassy Centre, 11, Crescent Road, Bengaluru - 560 001, India. CIN : LO1122KA1994PLC016834
,
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-8

KARUTURI GLOBAL LIMITED


Regd Office: 204, Embassy Centre, Crescent Road, Bangalore 560001
CIN: LOllZZKA1994PLC016834, Email: [email protected], webrite: www.karuturi.com,Tel: 080-23085300
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.09.2016
(All figures Rupees in Lakhs
CONSOLIDATED

STANDALONE

,.

Particulars

lo

3 months ended
30.09.2016

30.06.2016

31.03.2016

30.09.2016

30.09.2015

3 manthr ended

30.09.2016

30.06.2016

6 months ended

12 months
ended

31.03.2016

30.09.2016

30.09.2015

30.09.2015

Net Revenuellncome from Operations


Total Income f r o m Operations (net)

264 33

253 56

368.39

517.89

598.74

1,429.02

6,000.44

4,831 13

6.079.14

10,831.57

12,752.15

33,149.77

(atb)

264.33

253.56

368.39

517.89

598.74

1,429.02

6,000.44

4,831.13

6,079.14

10,831.57

12,752.15

33,149.77

I Expenses

3)

l ~ o sof
t Materials Consumed

1
I
I

I) purchase of Stock-in Trade

I(increase)/~ecreasein Inventory of
I ~ i n i s h e dGoods, Work-in-Progressand
:) Istock-ln Trade

5 95
226.07

6 21

220.06

1
19.87

I
Total Expenses (2a t o 2f)
Proflt/(loss) from operations before
other income, finance cost, exceptional
items & t a x (1-2)

Other Income
Profit/(loss) before finance cost,
5 lexceptiona~Items & t a x ( 3 4 )

6 l ~ i n a n c eCosts
IProfit/(loss) before exceptional Items &
7 tax (5-6)
Exceptional items/Prior period items
Profit/(loss) before tax (7-8)

1
1
I
I

18.50
492.52

6 27

3.61

18.31

19.49

38.21

46 30

40.78

1
I
I

1,182.11

92.52

33.26

53.85

34.03

16.62

19.03

50 64

74.57

145.16

321.71

271.43

379.55

593.14

683.46

1.730.51

531.34
1,47365

I
8.30

14 691

47.35
4,175.48
452.85
7,340.96

1,538.21

6,710.05
26,936.84

1,342.44

2,984.23

6,212.93

950.83

931.42

914.65

1,179.59

1
1,683.94 1

(535.77)

(243.08)

2.27

(243.34)

93.27

(187.63)

1
1

140.61
1,797.96

I
(536.46)

1
1

3,852.88

(1,657.35)

1
1

(2,673.28)

1
1,499.00 1

(0.22)

5.91

2.53

9.83

(1.472.25)

3.19

(538.99)

(1,667.18)

(1,201.03)

(2,096.22)

87.56

1,052.82

(1,147.18)

(3,149.04)

1,513.87

(13.35)

(94.361

(13.35)

1
1,220.98 1

1,324.54

366.69

1,456.38

4,316.32

1,430.10

74.34

3,058.57
2,466.81

3,18294

1
(1,726.56)

103.56

366.47

(2,093.03)

(389.69)
1,846 07

(17.90)

1,865.48

(541.68)

0.26

(295.65)

2,269.59

9,767.92

(1,340.52)

1,733.13

110.43

11.221.26

(109.20)

1,264.31

4,736.70

1,288.79

3,880.30

(84.72)

115 49

I
1
145.27 1
18.37

2,283.81

225.34

940.52

8,265.64

1,607.93

(75.25)

404.75

44.54

1
3.61

6,270.09

1,113.23

1,808.38

1,15508

(11.15)

868.09

1,201.51
4,827.91

1.291.05

415.90

1,111 18

1,457 80
3.204.16

4,832.26

(17.87)

6 33

653 27

885 96

865.04

1
1
I

(57.38)

1,158.41

2,251 29

656 78

922 42

(409.10)

668.05

68 14

42.39

926.47

1
I
I

23.78

15.78

(293.37)

1
1

7,643.03
5,546.52

591.76

2,096.51

1.99

2.97

5.91

(12,858.77

101.57

(1,729.53)

585.86

14,955.28

(94 36)

(6.60)
108.17

111.94

(2.45)

(1,635.17)

14,843.33

588.31

(388.92)

(55.71)

(528.33)

(444.63)

(1,653.83)

(1,288.60)

( 0 221

3.63

0.26

3.41

1.06

3.18

1.14

3.63

7.48

4 77

51.15

55.87

(389.14)

(52.08)

(528.07)

(441.22)

(1,652.77)

(1,285.42)

(3,147.90)

1,517.50

115.65

(1,630.40)

639.46

14,899.20

10,197.27

10,197.27

10,197.27

10,197.27

10,197.27

10.197.27

10.197.27

10,197.27

10,197.27

10,197.27

12 Other Comprehensive Income


13 Total Comprehensive Income (11+12)

12.16
446.13

14.89

10 Tax Expense
Net Profitl(Loss) for the period after tax
11 (9-10)

1
I
1

27 50

I) Other Expenses

311.81

18.34

I
Deprec~ationand Amortisation Expenses

7.17

1
I
1

8.30

i ) IEmpoyee Benefits Expense

30.09.2015

12 monthr
ended

income from Operations

3)

?)

6 months ended

Paid-upequity sharecapital (Facevalue

14 of the Shareshall be indicated)


Reserve excluding Revaluation Reserves
as per balancesheet of previous
15 accounting year
I Earnings Per Share (before extraordinary items) ( o f 'Rs 11-each) (not
16 annuaiised):

10.197.2;

1.86.623.4C

95,359.87

(a) Basic
(b) Diluted
ii Earnings Per Share (after extral o r d i n a i i t e m s l (of 'Rs 11-each1 (not
17 annualised):

10.197.27

(0.038)

(0.005)

(0.052)

(0.043)

(0.1621

(0.126)

(0.3091

0 149

0.011

10.160)

0.063

1.461

(0 026)

(0.003)

(0.035)

(0.029)

(0.110)

(0.085)

(0.209)

0.101

0.008

(0.1081

0.042

0.98t

(a) Basic

( 0 038)

(0.005)

(0.052)

(0.043)

(0.162)

(0.126)

(0.309)

0.149

0.011

(0.160)

0.063

1.461

(b) Diluted

(0.026)

(0 003)

(0.035)

(0.029)

(0.1101

(0.085)

(0.2091

0.101

0.008

(0.108)

0.042

0.98E

Notes :
1. The above results as reviewed by the Audit Commttee were approved by the Board of Directors at their Meeting held on 24th Nov. 2016
2. The Company has adopted Indian Accounting Standards (ind AS) from 1st Apr, 2016 and accordingly these financial results have been
prepared in accordance with the recognition and measurement principles laid down In the Ind AS 34 Interim Financial Reporting.
3. Statutory Auditors of the Company have conducted limited review on the financial results for the quarter ended 30.09.2016
4. As the Company deals primarily with flor~cultureand allied products, segment wise figures are not published.
5. Figures for the previous periods have been regrouped, whenever necessary, to correspond with the figures of the current period.
6. interest cost on Borrowings debited to relevant subsidiary based on end use of funds.
7. Reconciliation between Standalone financial results, as previously reported in accordance with the Accounting Standard framework
referred to as Previous IGAAP and Ind AS for the quarter presented are as under:
3 M ended

Particulars

1
1

Net profit for the period under IGAAP


D ffe-ence c n acc3.i:
iz.r I

)an

c f re$en.e recag- t on l e : 3f .e ate= costs

:is an e ~ o.cc
c >cnert .a-

. e r o p s e = 1C.-e. ::T=-.:-;

30.09.2015
378
C:3

nr:-e

Others

(532.24)l

6 M ended
Stmdalone
30.09.2015

0.26

( 3 22
317
1.06

Deferred Tax

3 M ended

6 M ended

1
1

31.03.2016

30.09.2015

(1,292.68)l
376
0.21

114.83

(C 64
C 44

1
I

30.09.2015

(528.07)

(1,652.77)

2C:
3 52

0.82

3.75

115.65

639.46

3.18

due to non availability of accounts for the period ended 30th Sep, 2016.
9. Reconciliation of reserver as below:

- ..- - .-.-

Reserves as per erstwhile IGAAP


Deferred Tax Impact

1
1
I

1
1

(3.9311

0.37

95,359.87

Others
Reserves as per IND A5

95,358.51
0.21

Employee benefits ARurial gan/jiorsJon long term defned beneftr plan


IDepreciation & Amortisation

31.03.2016

4.71

1
1

31.03.2016
1,86,617.85
(0.92)
0.33
(1.91)

14,904.83

3 92
3 83
(5.63)
0.12

(1,285.42)

8. Karuturi Limited has received the order of the court for winding up on 30th March 2016 and account of Karuturi Ltd., has not been included

1 2 M ended
31.03.2016

632.77

0.11

Total Comprehensive income under ind A5

Consolidated

(1,653.7811

1
I

l 2 M ended

For Karuturi Global Limited

8.11
1.86.623.46

Place : Bangalore

Anithaa Karuturi

Date : 24Hi12016

Director

14,899.20

KARUTllRl GLOBAL LIMITED


Regd Office: 204, Embassy Centre, Crescent Road, Bangalore 560001

Particulars

Statement of Assets and Liabilities


Standalone
Sep-16
Mar-16

EQUITY AND LIABILITIES


Shareholders' Funds
Share Capital
Reserves and Surplus
Minority Interest
Non-Current Liabilities
Long-term borrowings
Deferred Tax T ,iabilities (Net)
Other Long Term Liabilities
Long 'l'crm Provisions
Current Liabilities
Short-'lb.iii Rorrowi rigs
Tradc Payables
Other Current Liabilities
Short tern1 Provisions

Consolidated
Mar-16
Sep-16

10,197.27
95,757.75

10,197.27
95,359.87

10,197.27
2,05,126.43

10,197.27
1,86,623.46
2.59

26,311.31

25,732.34

8.39

8.39

55,065.06
114.42
2,174.36
76.17

38,899.62
116.96
2,222.59
81.89

8,118.17
751.96
16,948.16
182.21

7,804.79
1,047.15
17,548.18
174.40

10,476.19
3 3,543.3 8
25,302.77
184.78

30,869.55
14,086.08

1,58,275.22

1,57,872.38

3,22,260.63

3,19,313.55

786.97
0.31

824.17

63,595.77
777.38
62,694.33

63,611.10
683.02
62,150.72

10,218.95

15,092.00

2,38,367.30
2,296.85
35,537.74
62.90
815.70
1,659.93
336.53

2,38,278.28
769.52
40,364.61
79.43
721.35
1,660.20
462.65

YY.4b
2,616.78
149.99
17,264.52
70.77

lUL./b
2,687.50
51.35
12,601.17
68.27

3,6.28.U4

3,805.41

22,853.99
2,808.95
13,355.53
537.17

14,442.44
2,696.74
15,071.27
961.65

1,58,275.23

1,57,872.39

3,22,260.63

3,19,313.56

36,010.58
202.97

ASSETS
Non Current Assets
Fixed Assets
- 'l'angible Assets
- Intangible Assets
- Capital Work in Progress
Non Current Investments
Deferred Tax Assets (Net)
Long Term Loans and Adva~iccs
Other Non Current Assets
Current Assets
Il~ventor~es
Trade Receivables
Cash and Cash Equivalents
Short Tcrni Loan ancl Acl~~i~iccs
Other Current Assets

0.32

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