FEL~ Future | |
~rJ~rprises | |
REF : SEC/BM/BSE/NSE/0 3/2017-18 | |
Dept. of Corporate Services (CRD) | Listing Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers | Exchange Plaza, Bandra-Kurla Complex |
Dalal Street, Mumbai 400 001 | Bandra (East), Mumbai 400 051 |
Re: BSE EQ Scrip Code: 523574/570002 | Re: NSE EQ Scrip Code: FEL I FELDVR |
12th February, 2018
Re: BSE Debt Scrip Codes: 952008-9-1 0-45-46-53-54-74-75-89-90-97-98/952715-717-718-721-879-880-881- 882-883/954326-28-30-34-35-40-431 955100-101-140-141-371-373-454-456-749-750-957-958 I 956012-13 I 956243-268-69/956310-11 /956954-55 /957077-263-264
Dear Sirs,
Sub:
Un-audited Financial Results for the quarter and nine months ended 31st December, 2017 and Limited Review Report thereon
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following:
1. Un-audited Financial Results of the Company for the quarter and nine months ended 31st December, 2017.
These Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held today.
2.
Limited Review Report on the above Financial Results duly issued by M/s. Mls. DMKH &Co. , the Statutory Auditors of the Company.
The Meeting 1e Board of Directors commenced at 12.15 pm and concluded at 1.45 pm.
Kindly take the above information on your records
Thanking you,
Yours truly for Future Enterprises Limited
Deepak Tanna
Company Secretary
Encl: as above
Future Enterprises Ltd. {formerly-Future Retail Limited). CIN L52399MH1987PLC044954
Regd. Off.: Knowledge House . Shyam Nagar. Off jogeshwari- Vikhroli Link Road . jogeshwari (East). Mumbai 400 060. P +91 22 6644 2200. F +91 22 6644 2201 .www.felindia.in.
Corp. Off.: 247 Park. Tower C . 4th Floor. LBS Marg. Vikhroli (W). Mumbai - 400 083 P +91 22 6119 0000
FE( Future Enterprises Ltd .
Statement of Standalone Financial Results fo r the Qua rter and nine months ended December 31, 2017 ( ~ in Crore) | |||||||
Sr. No. | Partlculan; | 3 months ended 31-12-2017 | Preceding 3 months ended 30-09-2017 | Corresponding 3 months ended in previous year 31-12-2016 | 9 months ended 31 -12-2017 | Corresponding 9 months ended in previous year 31-12- 2016 | 12 months ended 31 -03-2017 |
Unaudited | Unaudited | Unaudiled | Unaudited | Unaudited | Audlled | ||
1 | Income | ||||||
a) Revenue from operations | 1,091.41 | 1,11 0.64 | 944.73 | 3,243.43 | 2.801 .17 | 3.782.09 | |
b) O ther Income | 124.55 | 43.36 | 21.65 | 172.19 | 227.00 | 231 .05 | |
Total Income | 1,215.96 | 1 ,154.00 | 966.38 | 3,415.62 | 3,028.17 | 4.013.14 | |
2 | Expenses | ||||||
a) Cost of materials consumed | 5.29 | 8 .17 | 5 .71 | 21 .38 | 18.99 | 26.51 | |
b) Purchases of stock-In-trade | 850.94 | 918.75 | 652.83 | 2,516.79 | 1,903.52 | 2.662.80 | |
c) Changes in inventories of finished goods, wor1<-in- progress. and stoek-in- trade - (Increase) I Decrease | (82.82) | (133.83) | 8.84 | (235.70) | 64.1 9 | (13.90) | |
d) Employee benefits expense | 22.33 | 22.50 | 12.94 | 63.25 | 44.01 | 59.96 | |
e) Finance costs | 140.89 | 144.85 | 130.71 | 426.49 | 372.34 | 507.61 | |
f) Depreciation and amortisation expense | 176.95 | 175.24 | 160.66 | 518 .56 | 469.94 | 633.19 | |
g) Olher Expenses | 20.46 | 20.26 | 32.38 | 70.33 | 72.28 | 93.41 | |
Total Expenses | 1,134.04 | 1,155.94 | 1.004.07 | 3,381.10 | 2 ,945.27 | 3.969.58 | |
3 | Profoti(Loss) from ordinary actlvities before tax (1·2) | 81 .92 | (1.94) | ( 37 .69) | 34.52 | 82.90 | 43.56 |
4 | Tax Expense | (0.58) | |||||
| - | ||||||
- | (0.58} | - | |||||
5 | Profoti(Loss) for the period (3-4) | 81 .92 | (1.94) | (37.11) | 34.52 | 82.90 | 43.56 |
6 | Other Comprehensive Income | 0.00 | 0 .01 | (4.53) | 16.52 | 157.09 | 296.31 |
7 | Total Comprehensive Income (5+6) | 81.92 | (1.93) | (41 .64) | 51.04 | 239.99 | 339.87 |
8 | Paod up equoty share capital (Face value oft 21- per share) | 98.67 | 94.57 | 94.51 | 98.67 | 94.51 | 94.57 |
9 | Other Equity | 3 ,715.23 | |||||
10 | Basic EPS : a) Equity Shares (in~) | 1.68 | (0 .04) | (0.79} | 0.72 | 1.75 | 0 .92 |
b) Class B Shares(Series 1) (in~) | 1.72 | (0.04) | (0 79) | 0.76 | 1.79 | 0.96 | |
Diluted EPS: a) Equity Shares (in t ) | 1.68 | (0.04) | (0.79) | 0.72 | 1 .75 | 0 .92 | |
b) Class B Shares(Serles 1) (in~) | 1.72 | (0.04) | (0.79) | 0.76 | 1.79 | 0 .96 | |
Notes;
I Allotment of 1.84.40,808 Equity Shares of~ 21- each at a premium of~ 49.95 per share aggregating tot 95.80 Crore to holders of 958 Optionally Convertible D ebentures (OCDs) oft 10 lakh each upon conversion of the said OCDs. Consequently the issued and paid-up Share Capital of the Company as on December 31 . 2017 stands increased by { 3 .68.81 .616/-. il Allotmen t of 20,96,424 Equily Shares of { 21- each under lhe Company's Employee Stock Option Scheme · 2012 & 2015. Consequently. the issued and paid-up Share Capital or the Company a s on December 31. 2017 stands increased by { 41,92,8481- 5 According to lhe requirements of SEBI (Listing Obligations and Disdosure Requirements) Regulations 2015. revenu e from operations for the quarter and nine months ended December 31 . 2016 was reported inclusive of excise duty. Goods and Service Tax (''GST' ') was Implemented witll effect from July 1, 2017, which replaced excise duty and other input taxes. As per lnd AS 18. revenue from operations for the quarter ended December 31. 2017 Is reported net of GST. Therefore. revenue from operations for the current periods are nol comparable wilh lhe corresponding eMier periods. 6 Standalone Segment -wise Revenue. Results, Assets and Liabilities for lhe quarter and nine months ended December 31, 2017 is annexed hereto with thes e financial results. j By order of the Board Place : Mumbal d7/ ~a ni Date : February 12 . 2018 Managing Dir ecto |
Board
ni
ector
Future Enterp r i ses ltd . {formerly - Future Retail Limited}. CIN L52399M H 1987PLC0 44954
Regd . O ff. ; Knowl ed ge House . Shyam Nagar. O f f jogeshwari- Vikhroti link Road . jogeshwari (Ea st). Mumba i - 400 060. P +91 22 664 4 2200. F +91 22 66 4 4 2201 www .felindia .in.
Corp. Off : 247 Par k. Tower C . 4th Floor. LBS Marg . Vikhroli (W ) . Mumbai • 4 00 083 P +91 22 6119 0000
FEL Future Enterpri ses Ltd .
Standalone Segment-wise Revenue, Results, Assets and Uabllitles for the Quarter and nine months ended December 31, 2017
( ~ i n Crore)
Particulars | 3 months ended 31·12·2017 | 3 months ended 30·09·2017 | 3 months ended 31·12·2016 | 9 months ended 31·12·2017 | 9 months ended 31·12·2016 | Year ended 31·03-2017 |
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited 491.92 2,309.25 | Audited | |
Rent Income/Leasing Manufacturing and Trading Unallocated Total Assets 4 . Segment Liabilities Rent Income/Leasing Manufacturing and Trading Una ll ocated Total Liabilities | 195.59 895.82 | 193.43 917.21 | 173.87 770.86 | 579.73 2,663.70 | 676.60 3,105 .49 | |
1,091.41 | 1,110.64 | 944.73 | 3,243.43 | 2,801.17 | 3,782.09 | |
23.09 98.62 | 22.26 101.76 | 8 .01 88.02 | 67.07 293.50 | 19.06 271.09 | 44.17 358.35 | |
121.71 140.89 (101.10) | 124.02 144.85 (18.89) | 96.03 130.71 3.01 | 360.57 426.49 (100.44) | 290.15 372.34 (165.09) | 402.52 507.61 (148.65) | |
81.92 | (1.94) | (37.69) | 34.52 | 82.90 | 43.56 | |
6,584.53 1,892.98 2,368.15 | 6,508.05 1,763.24 2,319.66 | 6,272.24 1,501.93 2,610.43 | 6,584.53 1,892.98 2,368.15 | 6,272.24 1,501.93 2,610.43 | 6, 147.97 1,491.32 2,593.73 | |
10,845.66 | 10,590.95 | 10,384.60 | 10,845.66 | 10,384.60 | 10,233.02 | |
629.83 365.11 75.34 | 606.58 438.61 79.01 | 648.72 372.29 53.50 | 629.83 365.11 75.34 648.72 372.29 53.50 | 637.75 403.68 77.27 | ||
1,070.28 | 1,124.20 | 1,074.51 | 1,070.28 | 1,074.51 | 1,118.70 |
futur eEn terp r i ses Ltd . {formerly-Future Retail Limited}. CIN L52399MH1987PLC044954 . .
Regd . Off.: Knowledge House. Shyam Nagar. Off jogeshwari- Vikhroli Link Road jogeshwan (East). Mumba1 • 400 060
p +91 22 6644 2200. F +91 22 6644 2201 .www.felindia .in.
Corp. Off.: 247 Park . Tower c. 4th Floor. LBS Marg. Vikhroli (W) . Mumbai- 400 083 . P +91 22 6119 0000
DmKH & CD.
CHARTERED ACCOUNTANTS
LIMITED REVIEW REPORT
To,
The Board of Directors, Future Enterprises Limited
(Formerly known as Future Retail Limited)
We have reviewed the accompanying statement of unaudited financial results of Future Enterprises limited (formerly known as Future Retail Limited) for the period ended December 31, 2017, being submitted by the Company in pursuant to the requirement of Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulation 201S, as modified by Circular No. "CIR/CFD/FAC/62/2016" dated July OS, 2016.
This statement is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards {i.e lnd AS), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement {SRE) 2410 "Review of Interim Financial Information Performed by the independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable Indian Accounting Standards (i.e lnd AS) and accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 201S as modified by Circular No. "CIR/CFD/FAC/62/2016" dated July OS, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For DMKH & Co.
Mumbai
Date: 12th February, 2018
803-804, Ashok Heights, Opp Saraswati Apt., Near Bhuta School, Old Nagardas X Road, Gundavali, Andheri (E), Mumbai-400069.
Tel : 022-26824800 I 4900 I Email :lnfo@dmkhca.in I www.dmkhca.in
Branch Off.: 4, Akshay Apartments, Damle Marg, Ramdas Path, Akola 444001.
Future Enterprises Limited published this content on 12 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 February 2018 11:40:03 UTC.
Original documenthttp://felindia.in/pdf/Outcome_of_Board_Meeting_and_Third_Quarter_Result_12022018.pdf
Public permalinkhttp://www.publicnow.com/view/BCF2C01AD34720C0D95E0A2A6CAEA466B41D25C5