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Standalone Financial Results, Limited Review Report For December 31, 2016 (Result)
Standalone Financial Results, Limited Review Report For December 31, 2016 (Result)
The Secretary,
Bombay Stock Exchange Ltd.,
Corporate Relationship I)epartment,
Rotunda Building, 1't floor,
New Trading Ring,
Dalal Street.
Mumbai 400 001
Dear Sir,
Sub : Unaudited Financial Results alongwith Segmentwise revenue results
and capital employed for the quarter ended 31"t December 201 6
after.Limited
Review" bv Auditors of the Comoanv
Thanking you,
Yours faithfully,
FoT JAY SHREE TEA & INDUSTRIES LTD.
,+
(R.K.Ganeriwala)
President & Secretary
Encl : As above
Rcgd & H. O.: lndusttt House, | 5th Ftoor, 10, C,omoc Succ\ lotkoreTll 0l7,lndto.Ph.:+9t 332282753t4 Fox:+9t 1322827535
E-moil: webmostet@ioyshreeteo.comWebsitc : wvv.joyshr.caco.cdm, CIN : 115491W8 Lg4SpLCOl277l
er.;P+ Hul,l:y
JAY SHREE TEA & INDUSTRIES TIMITED
Regd.Off: .,Industry House", 10, Camac Street, Kolkata -7OO O1-7
ph.r +91 gg2ZS27S3L_4, Fax: + 91
3322A2759s
E-mail : webmaster@jayshreetea,@m, Website : www.jayshreetea.com
CIN No, : L15491WB194SqLCOL277L
Tea Industry being seasonal in character, the figures above cannot be indicative for the full
year.
2. As per requirement of revised Accounting Standard (AS) 10 "property, plant and Equipment",
effective from 1't April, 2016, depreciation amounting to {32.82 lakh and {98.13 lakh on
bearer plants has been provided during the quarter and nine months ended 31" December,
2016 respectively. Further, replantation expenditure amounting to <G1.G2 lakh and {248.84
lakh which was hitherto charged to statement of Profit & Loss, has been capitalized in this
quarter and nine months ended 31't December, 2016 respectively. As a result, profit for the
quarter and nine months ended 31st December, 2016 is higher by t28.80 lakh and <150.71
lakh respectively.
3. In view of approval of scheme of arrangement for demerging the sugar division of the
company by Hon'ble High court at Calcutta effective from 1't April, ZOL6, the results for
quarter and nine months ended 31tt December, 2016 does not include the performance of
Sugar Division. Accordingly results for quarter & nine months ended 31st December, 2016 are
not comparable with corresponding period.
A As per note (1) above, it is difficult to estimate taxable profit for the year and hence Current
and Deferred Tax shall be provided at the year end which is reported by the Auditors in their
revrew reoort.
6. The above results are after "Limited Review" by the Statutory Auditors of the Company.
The above results for the quarter and nine months ended 31't December,201G have been
reviewed by audit committee and approved by the Board of Directors of the company at their
meeting held on 8th February,2017.
2. Segments Results
( Profi0t(Loss) beforc tar & interest )
d) Others J5 19 39 75 39 ))
Total 986 3033 2565 4951 4646 2665
Less : Interest (net of Interest Income) 837 682 977 2225 3172 3923
Add : flnallocable Income net off
flna llocable expenditure (130) (1s) (r74) (e2) (18) (36e)