LIMITED

KANCOTEA& INDUSTRIES
Registered Office : "Jasmine Tower",, 3rd Floor
31 Shakespeare Sarani,Kolkata- 700 0L7, India,Telefax:228I-52L7
KANCO E - m a i l : c o f l t a c t @ k a n c o t e a .W ine , b s i t e : w w w . k a n c o t e a .i n
C o r p o r a t el d e n t i t y N u m b e r ( C I N ) - L1 5 4 9 1 W 8 1 9 8 3 P L C 03 5 79 3

LTS
Ref:KTIL/Reg-33_RESU 14,2017
February

To,
TheManager
Affairs Department
Corporate
Bombay StockExchange Limited
Phiroze
JeeJeebhoy Towers
DalalStreet
Mumbai-400001

5901
ScripCode/lD: 30/KANCOTEA

DearSir,

33of SEBI(LODR)
Sub-Regulation 2015
Requlations

This is to informyou that the Boardof Directorsof the Companyat their Meetingtoday
hasconsidered
February,2017
i.e 14th thefollowing:
andapproved

Financial
Standalone
1. Unaudited alongwithLimited
Results forthequarter
Report
Review andnine
months
ended 2016.
31'tDecember,
Financial
Consolidated
2. Unaudited alongwithLimited
Results Report
Review forthequarter
and
2016.
ended31'tDecember,
ninemonths

commenced
Meeting
TheBoard at5:30P.M.
at4:30P.Mandconcluded

you,
Thanking
Limited
ForKancoTea& Industries

r\DKabra
cnan.r)it{
CompanySecretary Officer
&Compliance

Encl:a/a
 JAIN & GO.
Ghartered Accountants
P 21122RadhaBazarStreet,Kolkata- 700 001 1810
Phones: 2242-919014005

Email:mkjainandco@gmail.com M o b i l eN o 9 0 5 1 08 3 8 0 0

REPORTON LIMITEDREVIEW

We have reviewed the accompanying statement of unaudited financial results of

I\,I/s.KANCO TEA & INDUSTRIES LIMITED ("the Company") for the quarter ended
3Lst December, 20'1,6("the Statement") . This Statement has been prepared by the
Company pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015.ThisStatement is the responsibility of the Company's
management and has been approved by the Board of Directors / committee of Board of
Directors. Our responsibility is to issue a report on these Statements based on our
review"

We conducted our review in accordance with the Standard on Review Engagement

Auditor of
(SRE)2470,"Reuieurof Interim FinancinllnfornmtionPerformedby the Independent
the Entity" rssued 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 Statementsare free of material misstatement. A review is limited primarily
to inquiries of company personnel and analytical procedures applied to financial data
and thus provides less assurancethan an audit. We have not performed an audit and
accordingly, we do not expressan audit opinion.

Based,on our review conducted as above nothing has come to our attention that causes
us to believe that the accompanying Statementof unaudited financial results prepared in
accordancewith the recognition and measurement principles laid down in Accounting
Standard21"lnterim Financial Reporting" specified under Section 133 of the Companies
Act,201-3read with Rule 7 of theCompanies (Accounts) Rules 201,4and other recognrzed
accounting practices and policies, has not disclosed information required to be disclosed
in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015Including the manner in which it is to be disclosed, or that it contains
any material misstatement.
For Jain & Co.
Chartered Accountants
(Registration No. 3020238)
- '
7o'-
-
(M.K.Jain)
Place:Kolkata Partner
Dated the L4thday of February,2017 (Membership No 55048)

Branch.A-6 NarianaVihar,Ring Road, New Delhi- 110 028 Phones: 25893411I 3412

Email:akj@jainandco.com Fax: 91-11-2579-7973

 KANCOTEA & INDUSTRIESI.IMITED
Regd.Office: 'JasmineTower',3rd Floor,31, ShakespeareSarani,Kolkata-700017
Telefax: 22815217 , E-Mail: contact@kancotea.in,Website: www.kancotea.in,
CIN-L15491W81983PLC035793
Statementof StandaloneUnauditedFinancialResultsfor the Quarterand Nine MonthsEnded31st December,2016
PART I ( {. in Lakhs
st. Particulars Unaudited Unaudited Audited
No. QuarterEnded Nine MonthsEnded Year Ended
31t12t2016 30t09t201631t12t2015 3 1t12t201631t12t2015 31t03t2016
I lncomefrom Operations
Net sales/lncomefrom operations 1248 1247 1323 3057 3329 4171
Total Incomefrom Operations 1248 1247 1323 3057 3329 4171
2 Expenses
(a) Cost of materialsconsumed 76 238 72 472 450 509
(b) Changesin inventoriesof finishedgoods 326 (403) 393 (663) (676) (114)
(c) Employeebenefitsexpense 432 483 354 1382 1214 1765
(d) Depreciationand amortisationexpenses 36 36 29 109 84 113
(e) Power& Fuel 63 112 74 242 279 331
(f) Consumptionof Storesand Spares 59 146 88 351 363 450
(g) Selling& DistributionExpenses 41 26 55 95 144 220
(h) Bad Debts 252
(i) Other expenses 78 127 86 264 257 440
Total Expenses 1111 765 1151 2252 2115 3966
3 Profit / (Loss) from operations before other income, 137 482 172 805 1214 205
financecostsand exceptionalitems(1-2)
4 Otherincome 5 8 2 33 44 105
5 Profit / (Loss) from ordinary activities before finance 142 490 174 838 1258 310
costs and exceptionalitems (3+4)
6 Financecosts 17 23 13 64 63 78
7 Profit/ (Loss)from ordinaryactivitiesafter financecosts 125 467 161 774 11 9 5 232
but beforeexceptionalitems (5- 6)
8 Exceptionalltems -467
I Profit/ (Loss)from ordinaryactivitiesbefore tax (7-8) 125 161 774 11 9 5 232
1 0 Tax expenses 51
1 1 Profit/ (Loss)from ordinaryactivitiesafter tax (9 -10) 125 467 ''u't 774 rrgs 181
1 2 Extraordinaryltems (net of tax expense) -467
1? Net Profit/ (Loss)for the period(11-12) 125 161 774 11 9 5 181
1 4 Paid-upEquityShareCapital(Facevalue per Share 170.76 170.76 170.76 170.76 170.76 170.76
<.10/-each)
1 5 Reserves excluding Revaluation Reserve as per 2096
balancesheetof previousaccountingyear
1 6 EarningsPer Share (before& after extraordinaryitems)
(of {.10/- each)
a) Basic(*notannualised) 7.32" 27.35* 8.37* 45.34* 68.93* 9. 35
b) Diluted("notannualised) 7.32* 27.35* 8.37* 45.34* 68.93* 9. 3s

Notes
1. The abovefinancialresultswerereviewedby the AuditCommitteeand approvedby the Boardof Directorsat theirmeetingheldon 14th
of February,2017.The StatutoryAuditorshavecarriedout a "LimitedRevie$/'ot the aforesaidresults.
The Companyis primarilyengagedin the businessof cultivation, manufacture and saleof tea,whichis seasonalin character, figuresfor
the currentperiodcan notbe tiakenas indicativeof likelyresultfor the yearending31stMatch,2017.
3. The Companyhasone reportable segment,whichis tea.Accordingly, no disclosureunderAccounting Standard-17 dealingwithSegment
Reporlinghasbeenmade.
4. The costof materialsconsumedrepresents onlygreenleafpurchased fromthirdparties.
5. The ultimatetax liabilitvcan be ascertainedat the end of the vear in view of the seasonalnatureof tea businessand thereforeno
orovisionfor CurrentTaxand DeferredTax hasbeenmade.
6. As per requirements ofAS-10(Revised)"Property,Plantand Equipmenf'effectivefrom01/04/2016, depreciation amounting to t8 Lakhs
and <24 Lakhsfor the Quarterand Ninemonthsended31st December,2016on bearerplantshas beenprovided.Furtherreplantation
expenditure amounting to (16 Lakhsand<38 Lakhshasbeenrecognised as CapilalWork-in-Progress for the Quarterand Ninemonths
ended31stDecember, 2016as requiredunderASl0 (Revised).
7. Thetiguresfor the corresponding previousperiodhavebeenrestated/regrouped'whereever necessary,to makethemcomparable.

By the order of the Board

t,1
a '((o-**-L**l-
U.Kanoria
Chairman & Director
the 14thFebruary,2017
Kolkata, D I N: 0 0 0 8 1 1 0 8
 JAIN & CO.
Ghartered Accountants
P 21122RadhaBazarStreet,Kolkata- 700 001 1810
Phones: 2242-919014005

Email:mkjainandco@gmail.com M o b i l eN o 9 0 5 1 08 3 8 0 0

INDEPENDENT REVIEWREPORT
AUDITORS'S

LIMITED.
OF KANCOTEA & INDUSTRIES
TO THEBOARDOF DIRECTORS

1. We have reviewedthe accompanying Unaudited

Statementof Consolidated
FinancialResultsof KANCO TEA & INDUSTRIES LIMITED(" the Holding
Company")and its subsidiary together
("theHoldingcompanyand its subsidiary
referredto as "the Group"),for the quarterended 31tt December,2A16("the
Statement").The Statement is responsibilityof the Holding Company's
is to
and approvedby the Boardof Directors.Our responsibility
Management
basedon our review.
issuea reporton the Statement

with the standardon

2. We conductedour reviewof the Statementin accordance
Review Engagement(SRE) 2410 "Reviewof Interim FinancialInformation
Performedby the Independent Auditorsof the Entity",issuedby the lnstitueof
Accountants
Chartered of India.ThisStandardrequiresthatwe planand perform
the reviewto obtainmoderateassuranceas to whetherthe statementis free of
A review is limited primarilyto inquiriesof Holding
materialmisstatement.
procedures
Companypersonneland analytical appliedto financialdataand thus
provideless assurancethan an audit.We have not performedan audit and
we do notexpressan auditopinion.
accordingly,

Branch:4-6 NarianaVihar,Ring Road, New Delhi- 110 028 Phones: 25893411I 3412
Email:akj@jainandco.com Fax: 91-11-2579-7973
 JAIN & GO.
Ghartered Accountants
P 21122Radha Bazar Street,Kolkata- 700 001 1810
Phones: 2242-919014005

Email.mkjainandco@gmail.com M o b i l eN o 9 0 5 1 08 3 8 0 0

3. We did not reviewthe interimfinancialresultof the subsidiaryincludedin the

consolidated for the quarterended31" December,
statement 2016,whoseinterim
for the quarterended
financialresultsreflecttotalrevenueof Rs. 1,21,51,630/-
resultshavebeenreviewedby other
2016.Theseinterimfinanciat
31't December,
andour report
to us by the management
auditorwhosereporthas beenfurnished
includedin
in so far as it relatesto accountsand disclosures
on the statement,
is basedsolelyon the reportof the otherauditor.
respectof the subsidiary,

as statedaboveand basedon the consideration

4. Basedon our reviewconducted
of the reportof the otherauditorreferredto in paragraph3 above,nothinghas
statement,
thatcausesus to believethatthe accompanying
cometo our attention
preparedin accordancewith the applicableAccountingStandardand other
recognised practicesand policies,has not disclosedthe information
accounting
requiredto be disclosedin the terms of Regulations33 of SEBI ( Listing
Obligationsand DisclosureRequirements ) Regulations,2015 includingthe
or thatit containsany materialmisstatement.
mannerin whichit is to be disclosed,

F o r J a i n& C o .
CharteredAccountants
(RegistrationNo. 302023E)

(M.K.Jain)
Place: Kolkata Partner
Datedthe 14thday of February,2017 No 55048)
(Membership

Branch.4-6 NarianaVihar,Ring Road, New Delhi- 110 028 Phones: 25893411I 3412
Email:akj@jainandco.com Fax: 91-11-2579-7973
 LIMITED
K A N C OT E A & I N D U S T R I E S
'JasmineTower',3rd Floor,31, ShakespeareSarani,Kolkata-700017
Regd.Office :
Telefax'.22815217,E-Mail: contact@kancotea.in, Website:www.kancotea.in, CIN-115491W81983PLC035793
Statementof ConsolidatedUnauditedFinancialResultsfor the Quarterand Nine MonthsEnded 31st December2016
P A R TI {. in Lakh
SI Particulars Unaudited Unaudited Audited
No QuarterEnded N r n eM o n t h sE n d e d Year Ended
6 311121201531112120163111212015 3110312016
31t1212016 30/09/201
Incomefrom Operations
Net sales/lncomefrom operations 1256 1353 1323 3179 3329 4181
Total Incomefrom Operations 1256 13 5 3 1323 3 17 9 3329 4181
z Expenses
(a) Cost of materialsconsumed /o 238 72 472 450 509
(b) Changesin inventoriesof finishedgoods JZO (403) 393 (663) (676) ( 11 4 )
(c) Employeebenefitsexpense 432 483 354 1382 1214 17 6 5
(d) Depreciationand amortisationexpenses JO
2A 29 109 84 113
(e) Power & Fuel 63 112 74 242 279 331
(0 Consumptionof Stores and Spares 59 146 88 351 ?A? 450
(g) Selling& DistributionExpenses 41 26 55 95 144 220
(h) Otherexpenses 78 127 86 264 260 695
Total Expenses 11 1 1 765 1151 2252 2118 3969
? Profit / (Loss) from operations before other Income, 145 588 172 927 1211 2121
financecostsand exceptionalitems (1-2) I
4 Other income 5 8 10 JJ 52 105l
5 Profit / (Loss) from ordinary activities before finance 150 596 182 960 1263 317
costsand exceptionalitems(3+4)
17 23 13 64 A? 78
b Financecosts
7 Profit / (Loss) from ordinaryactivitiesafter finance costs 133 R'72 169 896 1200 239
but beforeexceptionalitems (5- 6)
-573 -23g
8 Exceptionalltems
9 Profit/ (Loss)from ordinaryactivitiesbefore tax (7-8) 133 169 896 1200
52
10 Tax expenses
',un 896 iroo 187
11 Profit/ (Loss)from ordrnaryactivitiesafter tax (9 -10) 133 573
12 Extraordinaryltems (net of tax expense)
13 Net Profit/ (Loss) for the period (11-12) 133 it. 169 896 1200 187
14 Paid-upequitysharecapital(Face value per Share 170.76 170.76 170.76 170.76 170.76 170.76
{,10/-)
2102
1q Reserves excluding Revaluation Reserve as per
balancesheet of previousaccountingyear
1 6 lEarningsPer Share (before & after extraordinaryitems)
l(ot t, t ol- eacn)
7,77* 33.54. 8.84' 52.45* 69.22', 9.73
la) Basic(.not annualised)
lut oitrt"o (.not annualised) 7.77' 33.54* 8.84' 52.45* 69.22- 9.73

Notes
meetingheld on 14th of
1. The above financialresultswere reviewedby the Audit Committeeand approvedby the Board of Directorsat their
The Statutoryauditorshave carriedout a "LimitedReview"of the aforesaidresults.
February,2017.
" FinancialStatements"'
2. The ConsolidatedFinancialResultshave been preparedin accordancewith AccountingStandard-21 Consolidated

figuresfor the
3. The Companyis primarilyengagedin the businessof cultivation,manufactureand sale of tea, which is seasonalin character,
currentperiodcan not be taken as of
indicative likelyresultfor the year ending31st March,2017.
2015
4. Informationon StandaloneAccountsas per Regulation33 of SEBI(ListingObligations& DisclosureRequirements)Regulations,

Unaudited Unaudited Audited

s l. Particulars
QuarterEnded Nine MonthsEnded Year Ended
No.
31t121201531/03/2016
31t12t201630/09/201631t12120153 111212016
(Turnover)
IncomefromOperations 1248 1247 1323 3057 3329 4 1 71
Profit beforetax 125 467 161 774 11 9 5 232
ll
'161 774 11 9 5 181
Profit after tax
ill 12s 467
5.TheCompanynasureunderAccountingStandard.17dea|ingwithSegment
Reportinghas been made.
6. The cost of materialsconsumed representsonly green leaf purchasedfrom third parties.
therefore no provision
7. The ultimatetax liabilitycan be ascertainedat the end of the year in view of the seasonal nature of tea business and
for CurrentTax and DeferredTax has been made.
g. As per requirementsof AS-10 (Revised)"Property,Plant and Equipment"effectivefromO1l}4t2016,depreciationamountingto {8 Lakhs
provided.Furtherreplantation
and (24 Lakhs for the euarter and Nine months ended 31st December,2016 on bearer plants has been
and Nine months
expenditureamountingto t16 Lakhs and t3B Lakhs has been recognisedas CapitalWork-in-Progressfor the Quarter
ended 3'lst December, 2016 as requiredunder AS-10 (Revised).
g. The figuresfor the correspondingprevious period have been restated/regroupedwhereever necessary,to make them comparable'

By the order of the Board

/ //..t--.-aoi-.--r--
U.Kanoria
& Director
Chairman
2017
the14thFebruary,
Kolkata, DIN:00081108
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