November 10, 2016

The Deputy Manager

Department of Corporate Services
BSE Limited
P. J. Towers, Dalal Street, Fort
Mumbai 400 001

Ref : Scrip Code 530557

Sub: Submission of Q-II Results along with Limited Review Report by Statutory Auditors
Respected Sir or Madam,
With reference to the above and in compliance with Regulation 33(3) of SEBI LODR Regulations,
2015, we are enclosing with this letter, Provisional Financial Results (Un-audited) for the 2nd quarter
and half year ended on 30th September 2016 (Q-II) for the financial year ending on 31st March
2017 together with Limited Review Report by Statutory Auditors.
This is for the information of members.

Thanking You,
Yours truly,
For NCL RESEARCH & FINANCIAL SERVICES LIMITED

VIJAY JAIDEO PODDAR

DIN : 00339268
MANAGING DIRECTOR
Enclosed : a/a

NCL RESEARCH & FINANCIAL SERVICES LIMITED

Administrative Office : 79, Nagindas Master Road, 3rd Floor Bhagyodaya Building, Fort, Mumbai-400023.
CIN - L65921MH1985PLC284739, Email : ncl.research@gmail.com, Website : www. nclfin.com
Statement of Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2016.
Particulars

months
ended
30.09.2016

Preceding 3
Corresponding 3
Year to date
Year to date
months ended Months ended
figures for
figures for
30.06.2016
in the previous
current period
previous period
year 30.09.2015 ended 30.09.2016 ended 30.09.2015

(Unaudited)
1

(Audited)

Income from Operations

(a)Net Sales/Income from Operations
(b)Other Operating Income
Total income from Operations (net)

(Unaudited)

in Lacs
Previous
year ended
31.03.2016.

190.72

211.26

149.35

401.98

190.72

211.26

149.35

401.98

265.76

466.94

265.76

466.94

Expenses
(a)Cost of Materials consumed
(b)Purchase of stock-in-trade
(c)Changes in inventories of finished goods, work-inprogress and stock-in-trade

(d)Employee benefits expense

(e)Depreciation and amortisation expense

338.00

41.31

338.00

41.31

621.40

15.74

176.40

160.66

14.15

13.84

14.31

27.99

28.66

63.61

1.72

3.44

4.43

268.03

(f)Other expenses

11.17

8.50

10.26

19.67

20.55

33.23

Total Expenses

347.58

198.74

67.60

546.32

93.96

454.64

156.87

12.52

81.75 -

144.35

171.80

12.30

156.87

12.52

Finance Costs

Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5 + 6)

156.87

12.52

Profit / (Loss) from operations before other

income, finance costs and exceptional items (1-2)

Other Income

Profit / (Loss) from ordinary activities before

finance costs and exceptional items (3 + 4)

Exceptional Items

Profit / (Loss) from ordinary activities before tax (7 + 8)

10 Tax expense
11 Net Profit / (Loss) from ordinary activities
after tax (9 - 10)

12 Extraordinary items (net of tax ` expense Lakhs)

13 Net Profit / (Loss) for the period (11 + 12)

14 Paid-up equity share capital (Face Value of Rs. 2/each)

156.87

12.52

156.87

12.52

156.87

12.52

2,908.50

2,908.50

81.75 -

81.75 -

81.75 81.75 81.75 2,908.50

144.35

171.80

12.30

144.35

171.80

12.30

144.35

171.80

9.49
21.79

3.84

144.35

171.80

17.95

144.35

171.80

17.95

2,908.50

581.70

2,908.50

15 Reserve excluding Revaluation Reserves as per

balance sheet of previous accounting year

3,264.57

16 Earnings Per Share (before extraordinary items) (of

` 2/- each) (not annualised):
(i) (a) Basic
(b) Diluted

0.11

0.01

0.28 -

0.10

2.95

0.01

0.11

0.01

0.28 -

0.10

2.95

0.01

0.11

0.01

0.28 -

0.10

2.95

0.01

0.11

0.01

0.28 -

0.10

2.95

0.01

17 Earnings Per Share (after extraordinary items) (of `

2/- each) (not annualised):
(ii) (a) Basic
(b) Diluted
Notes:
1 Segment report fot the Quarter as per AS-17 is not applicablefor the Quarter.
2 Above Results were reviewed by Audit Committee and taken on record by Board of Directors in meetingheld on 10th November 2016.
3 Provision for Taxation will made at the end of the year
4 The StatutoryAuditors pf the Companyhave carried "Limited Review" of above financial Results.
For NCL Research & Financial Services Limited
Place: Mumbai
Date: 10th November 2016

Sd/Vijay J. Poddar
Managing Director

NCL RESEARCH & FINANCIAL SERVICES LIMITED

Statement of Assets & Liabilities
Rs. in Laks

Particulars

As At
30th Sept 2016
Un-Audited

EQUITY & LIABILITIES

1 Shareholders' Fund
(a) Share Capital
(b) Reserves and Surplus
(c) Money Received against Share Warrants
Sub-Total - Share Holders Fund
2 Share Capital Money (Pending Allotment)
3 Minority Interest*
4 Non Current Liabilities
(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
Sub-Total - Long Term Liabilities

2,908.50
3,120.22
6,028.72
-

31st March 2016

Audited

2,908.50
3,264.57
6,173.07
-

5 Current Liabilities
(a) Short Term Borrowings
(b) Trade Payables
(c) Short Term Provisions
(d) Other Current Liabilities
Sub-Total - Current Liabilities
TOTAL EQUITY & LIABILITIES
B

220.87
11.73
0.50

3.28
12.26
0.51

233.09
6,261.81

16.05
6,189.12

2.78
2.27
5.05

2.78
2.27
5.05

198.67
140.16
97.00
5,775.36
45.56
6,256.76
6,261.82

359.33
197.37
167.84
5,413.96
45.56
6,184.07
6,189.12

ASSETS
1 Non-Current Assets
(a) Fixed Assets
(b) Goodwill on Consolidation*
(c) Non-Current Investments
(d) Deferred Tax Assets (Net)
(e) Long Term Loans & Advances
(f) Other Non-Current Assets
Sub-Total - Non Current Assets
2 Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash & Cash Equivalents
(e) Short Term Loans & Advances
(f) Short Term Provisions
(g) Other Current Assets
Sub-Total - Current Assets
TOTAL - ASSETS