Simplex Projects Limited

AN ISO 9001:2008 & tSO 1400i i2004 COMPANY

sPwswes/2076:77
Febt.uary 74,2077

BSE Limited,
PJ Towers,
Dalal Street,
Mumbai - 400 001 Scdp Code - 532877
Dear Sir / Madam,

Sub: Standalone Unaudited Financial Results of the Company for the quar:ter
ended
December 31.2016

Lr\rurEu prcdbc find hereu.ith

Enclosed please .erewlrn rne
the Standalone
>tandarone Unaudited
unaudited Finar-rcial
Financial Results of the
'rru
Company for the Quarter ended December 31,2016, pursuant to Regulation
33(3)(a) of
SEBI (Listing Obligations and Disclosure Requirements) Regulaiions, 2015, duly
reviewed and approved by the Audit Cornrnittee the Board of Directors in their
respective mectings held todav, February 14, 2017. meeting started at 4.00 PM and
ended at 6.15 PM.

This is for your information and record.

Please kindly acknowledge the receipt of the same.

Thanking you,
Yours {aithJullv
For Simplex Projects Limited

--l A,;'; L; / y''

^ -,.,,^-t^
Abirlal Dasgupta
Company Secretary & Compliance Officer

Encl: as stated above

Corporute Ofnce: I I/1C/2, East lbpsia Road, Kolkara 700 046

Photre .ql Li 2285 rt25. ool4 t200. Teleta\ ., q1 r1 2285 2 105
Registered Offfce : I2l1, Nelle Sngupta Saranj, Kou<ata 700 087
Phorc : +91 33 2252 / /231 /7232, CIN I L4520lWBi990pLC050t0l
E-mail : info@simplexprojects.com ; Web : w.lrw.simplerprojects.com
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ctN : L452o t wB199oplco5o1o1
Regd. Office: '12l1, Nellie Senupta Sarani,4th Floor, Kolkata - 700 087
Phone No. - 033-2252-723'l, Fax No. - 033-2252-8013,
webs;te : www.simplexproiects.com; Email - info@simplexproiects.com
Part I < in Lacs- Except EPS
Stalement of Standalone Unaudited Financial Results For The Quarler & Nine Months Ended 31sl December, 2016
Standalone
Quarter ended Nine Months Ended
Part;culars
31-Dec-16 30-Seo-16 31.Dec-15 31-Dec-16 31-Dec-15 31-Mar-16
Unaudited Unaudited Unaudited Unaudited [Jnaudited Audiled

1 lncome From Operations

Work Done 11,443.61 13,005.28 8,095.37 32,903.35 28,650.97 42.116.51
Other Operating lncome 0.30 9.85 '13.80 14.97 22.65 119.57
Total lncome from operalions (net) 't1,443.91 13,015.'13 8,109.17 32,918.32 2A,673.62 42,236.08

2 Expenses
a. Cost of Materials consumed 2,280.54 2,943.51 2,7 49.76 7,581.41 9.316.82 12.726.81
b. Purchase of Stock-ln-Trade 3,019.39 6,'101 05 2,006.3'1 1'1,5'13.33 s,937 .77 13,512.51
c. Changes in lnventories of Finished Goods, WIP & Stock-
ln-Trade
d. Sub-Contracting & Other Construction Expenses 4,269.57 3,7 44.43 2,515.56 11,454.03 7,398.48 '13,799.40
e. Employee Benefit Expenses 119.6'1 117.11 113.82 354.02 362.39 537.80
f. Depreciation & Amortisation Expenses 407.32 409.07 422.21 1 ,225.50 1,417.57 1,908.51
g. Administrative Expenses 95.10 80.40 133.94 351.05 627.03
Total Expenses 10,19'1.53 13,395.57 8,341.60 32,386.06 2A,7A4.08 43,',t12.12

Profit / (Loss) from operations betore other income, (380.43) (232.431 532.26 (110.46) (876.04)
3 1,252.38
finance costs and exceptional items (1 - 2)

4 Other lncome 73.61 88.31 89.23 247.33 262.51 435.22

Profit / (Loss) from ordinary activities before finance '1,325.99 (143.20) 779.59 152.05 (440.82)
5 {252.12)
costs and exceptional items (3 + 4)

6 Finance Costs 571 .49 672.43 1 ,779.83 3,348.58 5,159.14 7,910.56

Profit / (Loss) from ordinary activities after finance cosls (964.55) (1,923.03) (2,568.e9) (5,007 .09) (8,351.38)
7 754.50
but before exceptional items (5 - 6)

Exceptional llems
Foreig. Frchange Gain/(Loss) (159.51) 24.44 (77.67) (313. 8s) (296.o2) (400.50)

I Profit/ (Loss)from ordinary activities before Tax (7 + 8) 594.99 (940.11) (2,000.70) 12,882.88) (s,303.11) (8,751.88)

't0 Tax Expenses \64.72) (70.68) (323.64) (170.60) (165.77) (218.37)

Net profit /(Loss) from ordinary activities after tax 659.71 (869.43) (1,677.06) (2,7't2.28) (5,137.34], (8,533.51)
11
(9+-10)

12 Extraordinary items (net of tax expense)

43 Net profit/(loss) for the period (ll - 12) 659.71 (869.43) (1,677.06) (2,7't2.28) (5,137.34) (8,533.51)

14 Paid-Up Equity Share Capital (Face Value Of Rs. 10/- Each) 1260.04 1260.04 1260 04 1260.O4 1260.04 1 260.04

Reserves (Exc'uding Revaluation Reserves As Per Balance 10,583.66

15
Sheet OfThe Previous Accountinq Year)

16.i Earnings Per Share (Before Extraordinary ltms)

(of Rs.'10/- each) (Not Annualisd)
a. Basic 5.24 (6.e0) (13.31 (21.53) (40.77) (67.72)
b. Diluted 5.24 (6.e01 (13.31 (21.53) \4O.77) i.67.72)
,16.ii Earnings Per Share (After Extraordinary ltems)
(of Rs. 10 /- each) (Not Annualised)

;3iJll, ,A 5.24
5.24
(6.eol
(6.901
(13.31
( 13.31
(21.53)
(21.53)
\40.77)
Q0.77)
(67.72)
Segment Report (Rs. in Lakh)

STANDALON E

Quarter Ended NinP Months Fnded Year Ended

Pafticulars
37.72.2016 30.09.2016 3L.L2.2075 37.72.20t6 31.72.20L5 31.03.2016
(u naudited) {Unaudited) (Unaudited) {Unaudited) (unaudited) (Audited)

1. Segment Revenue

(a) Constructron Activity 8,417.44 6,849.94 6,057.1r 21,27 2.15 18,580.12 28,422.27

(b) Trading Activity 3,032.21 6,L55 34 2,038.06 11,631.20 10,070.85 13,694.30

Total 77,443.61 13,005.28 8,095.37 32,903.35 za,6so.97 42,L76.51

Less: lnter Segment Revenue

Net Sale/lncome From Operations L7,443.61 13,005.28 8,095.37 32.903.3s 28,650.97 42,1L6.5r

2. segment Results (Profit)(+)/Loss (-

) Before Tax And lnterest From Each
Segment
(a) Construction Activlty 7,3r3.11 (346.40) lt14.gsl 661.12 74.91 1622.ss)
(b) Tradine Actjvity 1).42 54.29 31.75 111.41 133.08 187.13

Total 1,325.99 (292.11) (143.20) 779-59 1S2.05 (44O.a2].

Less: i) Interest 571.49 612.43 1,119.83 3,348.58 5,1-s9.74 7 ,9r0.56

ii) other Un-allocated 11.61 313.89 ?96.42 400.50
159.51
Expenditure Net off
iii )un - Allocated Income 24.44

Total Profit Before Tax 594.99 (e40.101 (2,000.70) (2,882.87) (s,303.11) (8,7s1.88)

3. Segment Assets

(a) Construction Activity L,04,142.77 r,7a,259.16 7,37,045.61 1,04,742.7 7 1,31,045.67 L,44,213.r8

{b) Trading Activity 12,056.30 11,146.19 6,s89.87 12,056.30 6,589.87 9,020.37

4. Segment Liabilities

(a) Construction 95,031.88 t ,11,943.25 1,20,6s5.83 9s,03r.88 1,20,655.83 1,73,509.86

(b) Trading Activity 8,s62.69 8,882.08 4,955.21 8,562.69 4,955.27 t,939.99

Notcs:

1. The above results were reviewed by the Audit Committee and were considered and approved by the Board of Dlrectors at thelr
respective meetings held today, February 14,2017

2. Foreign Exchange gain/loss was on account of Mark to Market Valuations of all exposures including derivative contracts, which
materialized during the nlne month ended December 31, 2016 and those outstanding at the end of the nine months and in respect
of translating financial statement of foreign branches

3. The operations of the company's branch at Libya, was stopped due to prevailing political situation. The Company has signed a
supplementary agreement with the Government for realization of dues and resumption of contract. ln view of this the amount of
dues and assets deployed in Libya are realisable and no provisions thereof are required at this stage. The expenses incurred during
the quarter in respect of its said branch and the depreciation relating to the machineries deployed there has been considered as
Work-in-progress. However, in view of prolonged uncertainty of resumption the Company has moved an application with the
Hon'ble High Court at Delhi for proceeding with Arbitration and has been granted an interim stay for further extension / invocation
of Bank Guarantees for the project.

4. The Company's account with Bank of Baroda, DBS Bank, ICLCI Bank, lDBl Bank, State Bank of lndia, Yes Bank and tJCO Bank for
working capital facilities and lClCl Bank for Term Loan facilities have been classified as Non Performing assets and accordingly the
provision for interest has not been made, amounting to Rs. 3344.91 Lakhs for nine months ended December 31, 2016, and Rs.
1835.42 Lakhs for the quarter ended Decerrber 31, 2016 as per the prevailing rates

5. The figures for the quarter ended December 31, 2016 are the balancing figures between unaudited figures in respect of nine
months ended December 31, 2016 and the unaudited published figures up to September 30, 2016.

6. Previous period figures have been re-grouped/re-arranged, wherever considered necessary.

Date: 14ih February 2017 f{ind ii'pghalf of aoard of Directors

Place: Kolkata

Balkrishandas Mundhra
Chairman & Managing Director