sterling

greenwoods

sunrise centre,oPP. indraprasth

phone
e-mail

towers,drive-in.cinema

+91-79-26851680
:

26850935

ltd.

road, ahmedabad-380054.

fax:

infOllPster.linggreenwoods.com.web;sterlinggreenwQ~ds.cq.ro..

WlJi

india

+91-79-26854773

Corporate Identity Number: L51100GJ1992PLC017646

..t.e"L;

May,

2016

greenwoods
Since 1965

",U,

Script Code: 526500

To
Bombay Stock Exchange
Phiroz Jeejeebhoy Towers
Dalal Street,
Mimbai-1
Dear Sir,
In accordance with the Regulation 33 of SEBI (Listing of Obligation and Disclosure
Requirements) Regulation, 2015 please find enclosed herewith the audited quarterly
results for the quarter ended Ion 31st March, 2016 and for the year ended on 31st
March-2016 along with auditor's report of the statutory auditor of the company.

Please take on same on record and oblige.

Thanking you,

~l
~

Yours Faithfully
Gre.:nwood Limited

~;~hairmJ

::

,..

---------------------*----:::C:-lu-=b-=S-----:-*----CR;::e:s::::o-;:;rts::
Townships
*
Apartments

sterling
sunrise centre,opp.

phone
a-mail

indraprasth

.t.e,.~

ltd.

greenwoo~s

~i
greenwoods

towers,drive-in-cinetha

road. ahmedabad-380054.
india
+91-79-26851680
/ 26850935
rax:
+91-79-26854773
info@sterlfnggreenwoods.com.web:sterlinggreenwoods.com

Since 1965

Corporate Identity Number: L51100GJ1992PLC017646

STATEMENT OF STANDALONE/CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTERtyEAR ENDED

31/03'2016
exce t er 5 are ata
.n
Sr.
No.

31/03/2016

Particulars

31/12/2015

31/03/2015

31/03/2016

-".

Income from Oneratlons

31/03/2015

'09 OR

...1 Other oneratln2 income

0

XDenses
a'\ Cost of material and Land
b1 Purchase of stock-in-trade
( c) Changes in inventories of finished
goods, work-In-progress and stock In
trade

d ErnnIovee benefit

Exnenses

(e) Depreciation and amortisation

exnenses

=fffifeVlonment
EXDenses
_
Other f>XI)enses
3
4
5
6
7
8
9
10

Totaf J;-vnenses_
Profit I (Loss) from operations
before Other Income. finance costs
and excentlonalltemsrl-2\
Other Income
Profit / (Loss) from ordinary
activities before finance costs and
Finance Costs
Profit / (LoSS) from ordlnary
activities after finance costs but
before excentionalltemsrS-61
Excentional items
Profit I (Loss) from ordInary
lIdMtles before tax (7-8)
Tax expense

(including Deferred tax)

Net Profit / (Loss) from ordinary

10)
11 activities after tax (9~
12

MlnoriiV Interest
Net Profit/Closs)

after taxes.

16 min~~~t11~~e,rest
and share of
Inroflt
oss of assodates
Paid-up equity share capital
17
Face value of' 10 each)
Reserve excl. Revaluation Reserves as
18 per balance sheet of previous
accountim~:year
Earnings Per Share (before
19.1 extraordinary items) (of' 10/- each)
not annualisedl
Basic & Diluted
Earnings Per Share (After
19.\ extraordinary items) (of' 10/- each)
rnot annualisedl
Basic & Diluted

Townships

r19.66)
14.00
8.17

0.49
Nil

Nil
0.65
(7.86)

1.54
14.00
8.17

Nil
19.50
(24.54)

30.18
18.03

23.06

30.93

99.90

99.57

17.00

23.78

69.03

67.76

0.64
15.14
56.33
.7.00

7.28
4.71
5~9.49
(11.39)

3.76
76.94
273.34~
35.74

11.38
62.07
235.H
(24.77)

12.73
73.71

10.01
17.01

39.36
27.97

42.62
78.36

106.54
81.77

20.23
53.48

21.18
(4.17)

23.78
4.19

85.75
(7.39)

85.32
(3.55)

49.72
3.76

Nil
(4.17)

Nil
4.19

49.72
(57.11)

4.38'
0.83

(17.30)

Nil

(13.72)

(17.30)

0.46

21.06

(4.17)

17.91

(39.81)

0.37

21.06

(4.17)

17.91

(39.81)

0.37

NIL

NIL

NIL

NIL

NIL

NIL
21.06

NIL
(4.17)

NIL
17.91

NIL
(39.81)

NIL
0.37

423.96

423.96

423.96

423.96

423.96

1558.87

1504.74

1558.87

1.84
34.18
86.74
60.98

Extraor~~nary Item (net of tax

evnenses
Net ProOt / (Loss) for the period
13 11-li,~
Share Profit /(Loss) of Associates
14
15

4R '0

14772

1504.74

Apartments

0.50

(0.10)

0.42

[0.94)

0.01

0.50

'0.10)

0.42

roM

0.01

Clubs

Resorts

sterling

greenwoods

sunrise centre,oPP. indraprasth

towers,drive-in.cinema

phone : +91-79-26851680
e.mail

26850935

road. ahmedabad-380054.

fax:

.:te~/.;

ltd.

~i

india

greenwoods

+91-79-26854773

Since 1965

info@sterlinggreenwoods.com.web:sterlinggreenwoods.com

Corporate Identity Number: L51100GJ1992PLC017646

Notes:
1

The aforesaid FinandaJ Results have been reviewed by the Audit Committee
Board of Directors at its Meeting held on May 3D, 2016.

and subsequently

approved

by the

On receipt of Arbitrator consent ,award dt. 23.03.2016 & MOU with Lessee, dt. 23.02.16, have received back
possession of It's resorts assets from lessee and have commenced It's resorts activities w.e.f. 01.03.2016, the
operation of resorts activities commenced Is covered under AS 17 "Segment Reporting
R

The Management

Exceptional Items Represent

a). Profit on Sale of Vehicle : Exceptional item represent Profit on Sale of Vehicle Rs. 14501/- and
b). Non Receoverable Rent from Shanagar Hospitality: During the year company has received Arbitral Tribunal
consent award dt. 23.03.2016 alongwith MOU dt 23.02.2016 entered with Shangar Hospitality, non recoverable
rent of premises. furnltures and fiXtures and plant & machineries etc. Rs. 4986360/- has been accounted during the
year and disclosed as "Exceptional item".

Previous period's/year's
figures have been regrouped/rearranged
wherever necessary. to confirm to the current
quarter's/year's
c1asslflcatlon.
The above consolidated financial are drawn after Incorporating the financial statements of Sterling Resorts Private
Limited sunsidiary of Sterling Greenwoods Limited as per applicable accounting standard.

6
7
8

Identifies "Real Estate' and 'Resorts and Club Membership'

as the Business Segment.

Tax expenses includes current tax.deferred tax and adJusnnent of taxes for the earlier years.
The figures of the last quarter are the balancing figures between audited figures In respect of the full financial year
and the published year to date figures upto the third quarter of the respective financial years which were subJect to
Limited Review.

For,sre~I~~J;:T~
,

Place: Ahmedabad
Date : 30.05.2016

Townshios

'V:I~ Chairman

Apartments

Clubs

Resorts

..
sterling
sunrise

phone
e.mail

greenwoods

centre,oPP. indraprasth

towers.driveHn-cinema

.91-79-26851680

road, ahmedabad4380054.

26850935

. info@sterlinggreenwoods.com

fax;
web

.;te,.~

ltd.

~i
greenwoods

india

.91-79.26854773

sterlinggreenwoods.com

Since 1965

Corporate Identity Number: L51100GJ1992PLC017646

STATEMENT OF ASSETS AND LIABILITIES

P_c:uIars

No.

03/2016

31/0]nots

Audited

Shareholders' funds
a Share Ca ltal
Reserves and Su lu,
c Monev received aJrnlnst share warrants
SUb-total. Shareholders' funds

Minoritv Interest

Audited

'sat

31103/2016

31103/2015

Audited

428.&
1504.74

42R.6
1559,87

1933.34

1987.47

Nil

Nil

NA

NA

Auditedl

428.59
1504.74

428.59
1558.87

1933.33

1987.46

Nil

Nil

0.85

0.85

a) Lon'ltenn borrowings
bl Deferred tax liabilities netl
c) Other lon2-tenn liabilities
d Lon -term rovislons
Sub-total. Non-current liabilities

373.42
0
87.18
21.97
482.57

395.23
0
166.09
23.31
584.63

376.87
0.00
96.10
21.97
494.94

398.69
0.00
175.01
23.31
597.00

Current liabilities
a1 Short-tenn borrowinID:
!lb1 Trade Pavables
c 1 Other current Ilabilltle~
dlShort-tenn orovisions
Sub-total - CUrrent liabilities

330.97
16.85
513.26
0
863.08

350.02
9.09
593.6
0.2
952.91

330.97
18.85
513.26
0.06
863.14

350.02
9.09
593.60
0.26
952.97

3278.99

3525.01

3292.26

3538.29

2334.74
77.49
25.45
82.91
274.26
2794.85

2350.85
6.25
42.76
42.99
261.71
2704.56

2408.92
6.25
25.45
42.99
323.86
2807.47

ASSETS

Non-current Assets
a Fixed assets
Ib' Non-current Invesbnents
Deferred Tax Assets fnet
d Lon -term loans and advances
e Other non-current assets
Sub-total. Non-current Assets

"2.76
85.22
209.83
2691.97

Current Assets
a Current Investments
Ill) Inventories
c 1Trade Receivables
dl Cash and Cash eaulvalents
e Short-tenn loans and advances
Other current assets
Sub.total- CurrentAssets

Nil

Nil

153.54
96.82
271.15
52.92
12.29
587.02

161.54
37.1
336.53
42.53
152.46
730.16

As at

..

TOTAL - EQUITY AND LIABILITIES

2276.67
n..9

3278.99

TOTAL - ASSETS

Townshios

As at

EOUITY AND LIABILITIES

Share annlication monev nendina allotment

As at

31/

CoJlS1lllldated

Shlndalone

Sr.

Apartments

3525.01

Clubs

Nil
153.84
97.37
271.28
52.92
12.29
587.70
3292.26

Nil
161.51
37.66
336.65
42.54
152.46
730.82
3538.29

Resorts

..
>

stepling

gpeenwoods

ltd.

..;tel"L;

w.(1i

sunrise centre,oPP. indraprasth towers,drive-in-cinems

road, ehmedabad-380054.
india
phone
+91-79-26851680
/
26850935
iex : +91-79-26854773
e.mail ; infoDsterlinggreenwoods.com
web : sterlinggreenwoods.com
Corporate Identity Number: L51100GJ1992PLC017646

greenwoods
Since 1965

5egmentwise Revenue, Results and capital employed along with the quarterly results
Year Ended
31.03.2016 31.03.2015
Audited
Audited

Quarter ended
31.03.2015
31.03.2016 31.12.2015
Audited
Un audited
Audited

Particulars
Segment Revenue
Real Estate Business
Resort Business

0
0

0
0

297.11
11.97

202.22
B.74

309.08

210.96

309.08

210.96

9.87
-6.11

0
0

0
0

-51.00
-6.11

0.82
0

3.76

-57.11

0.82

0
0

0
0

3.76

-57.11

0.82

capital Employed (Unalloc

1934.19

1988.32

1934.19

1988.32

Total

1934.19

1988.32

1934.19

1988.32

135.75
11.97

147.72
Total
Less: Intersegment
0
Revenue
Net Sales/Income from
147.72
Operations
Segment ReSUlt
Profit/(Loss) before tax and interest from segment
Real Estate Business
Resort Business
Total
Less: i. Interest
ii. Other Un allocable
Expenditure net off
iii. Unallocable Income
Total Profit/(Loss) Before
Tax

i
Townships

Apartments

Clubs

Resorts

----

--- -~~--

If
"

'I

ANIL S. SHAH & CO.

CHARTERED ACCOUNTANTS

!I

ANIL S. SHAH
~,llill.~,(:A.

'I

KRUNAL A. SHAH
a.."'Ill. f.&~,

Tel. 27541146
Office:
302,~Complex,
9, Ne.hruPark,
Old~Hoad,

li~n!,

Ahmedabad.9

Auditor's Report on Quarterly Financial Results and Year to Date Results of the
Company pursuant to the' Regulation 33 of the SEDI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

,I
!

To
The Board of Directors of

'I

Sterling Greenwoods Limited

,I
1. We have audited the quarterly standalone/consolidated and year ended on 31.03.2016
financial statements of Sterling Greenwoods
Limited and its subsidiary ("the
holding company and its subsidiary"), for the year ended 31st March, 2016 ("the
Statements"), being submitted by the holding company Pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. This statement, which is the responsibility of the company's
management and approved by the Board of Directors, has been prepared on the basis of
the related consolidated financial statements prescribed under Section 133 of the
Companies Act, 2013 read with relevant rules issued thereunder and other accounting
principles generally accepted in India. Our responsibility is to express an opinion on the
Statement
'!
2. We conducted our audit in accordance with the Standards on Auditing issued by the
Institute of Chartered Accountants of India. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the statement
is free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts disclosed in the statement. An audit also includes
evaluating the appropriateness
of the accounting policies used and the
reasonableness of the significant accounting estimates made by the management, as
well as evaluating the overall presentation of the statement. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
'
ii

Our opinion is not qualified / modified in respect of these matters.

,

3. The consolidated financial statements include the audited financial statements of one
suJl ..
included in the consolidated financial results, whose consolidated financial
sta.rl!ri1~,eflect total assetS of Rs. 7380974/- as at March 31, 2016 and total revenue of
I. ~s. N~f~f;;ili..'. year then ended o~ that date. Th.e financial statements and other financial
,mforFatl~:~ave
been duly certified and furmshed to us by the management and our
~"

,-'~

-.
.,
opinon on the statements, is not modified in respect of our reliance on the financial
statements certified by the management.
,I

4. In our opinion and to the best of our information and according to the explanations
given to us, and based on the consideration of the reports of the explanations given
to us, and certified by the management referred to in paragraph 3 above, these
consolidated financial statement:
"
,j

(i) Includes the financial results of the following subsidiary company,

a. Sterling Resorts Pvt.
, Ltd.

(ii) is presented in accordance with the requirements of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015; and
"

(iii)

gives a true and fair view in conformity with the aforesaid Accounting Standards
and our accounting principles generally accepted in India of the net profit and
other financial information of the Company for the year ended 31 st March, 2016.
I

5. The statement includes the results for the Quarter ended 31st March, 2016 being the
balancing figure between audited figures in respect of the full financial year and the
published year to date figures upto the third quarter of the current financial year which
were subject to limited review by us.
,

For, Anil S. Shah & CO.

Chartered Accountants

,I
"I

FRN No.:100474W

~,\~

Anil S.Shah.
Partner

;-"Sfj""
l~;'
.-~{.~
\~.'-:I r, .'[1'1
\~ " _"'.._,'~~\;~~
.

M.No.: 016613

Place: Ahmedabad

Date : M::l'll ~n

?Oll.<.