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nd
PROJHSTS LIMITED
7th February,2017
Department of Corporate Services Department Of Corporate Services
Bombay Stock Exchange Limited National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G,
Dalal Street, Mumbai - 400 001. Bandra Kurla Complex,
Bandra (E)
Mumbai - 400 051
Dear Sir,
A meeting of the Board of Directors of the Company was held today i.e. on Tuesday, 7th
day of
February, 2017, at 4:00 p.m. at the Registered Office of the Company, to consider
and take on
record, inter alia, the Un - Audited Financial Results of the Company for the quarter
ended on
31't December, 2016.
At the said Board Meeting, the said Un - Audited Results were adopted and approved,
which
are attached herewith.
Thanking you.
Yours faithfully,
Encl.: as above.
Corporate Office : 3rd Floot Venus Atlantis Corporate Park, Nr. PrahladnagarAUDA Garden, Satellite. Ahmedabad - 380 01S.
Gujarat. lNDlA. Ph. : +91-79-40501300 Fax +91-79-40501310/11 Email : info@pl.in / www.jpl.in
CIN : L4520GJ1985PLC008338
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JAIHIND PROJECTS LIMITED
3rd Floor, Venus Atlantis Corporate Park, Anandnagar Road, Satellite, Ahmedabad
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PART f: Statement of Standalone Unaudited Results for the Quarter and Nine months ended December 3t,2016
in lacs
3 months ended Nine Months ended Year ended
September 30 December 3L December 31 March 31 20L
SI, Pa rticulars 'P'$!,,.$.,1n?,tF
2016 2015 tv lJ
Unaudited Unaudited Unaudited Unaudited r
Unaudited Audited
from Operations
llncome I
Net Sales/lncome from Operations (refer Note No.3) I t.zzo.gz r,205.72 r,013.73 8,747.74 11,978.97
l(b)
l(a)
other onerating Income
I
t-
lTotal
income from Operations (net) l 1,230.92' L,205.72 1,013.73 8,747.r4 LL,978.97
2 Expenses I
I
Cost of vaterials consumed I 55.43 134.02 zl).)f 276.75
l(a) I
qn7
Sub contracting cost I '-"'.'?1 962.36 531.70 L2,O!9.88
l(b) a
l(
c) Emolovee benefits expense |
I
:o.ro 35.73 63.L2 242.09 313.38
and amortisation expense | 296.48 295.45 341.26 1,032.79 7,370.23
l(d)Denreciation I
l(e)other
expenses | 21.0.26 29.23 79.Lt 266.52 604,77
lTotal
Expenses I
I
i,aio.rs t,378.20 L,L49.20 t0,5t2.27 L4,524.96
3
lProfit / (Loss) from operations before other income, finance | ,-;^
\zlJ:z5l
^;i 1772.48) (r3s.47) (1,76s.13) (2,s4s.ss)
and exceptional items (1-2) |
lcosts I
4
lother
Income | 15.24 37.2! 56.10 706.40 zLa,!5
I
lProfit /
5 (toss) from ordinary activities before finance costs
exceptional items(3 -4) |ll (zo3.ee) (L3s.z7l (7e.37) (1,658.73) (2,326.861
land
6 Costs (refer Note No.5) I rrs.gz 190.36 6!.2L 332.73 683.61
ll
I
lFinance
7 lProfit / (Loss) from ordinary activities after finance costs but
I
I
Itl
8 ltems I
lExceptional
9 lProfit /
(Loss) from ordinary activities before tax (7 -8)
,,,,t,,1 (140.s9)
10 lTax exoense
ll I
15 Minority Interest -l I
Net Profit /
(Loss) after taxes, minority interest and share of I
to
profit / (loss) of associates (13 t 14 15) j p1s,sr1l ,rrr'rr,l oci.oi'
"ll:llri
.i:::,'l
t7 Paid-up equity share capital (Face Value of Rs.10 each) 975,74
I
l ';';;l :;T;I ^:- ;;i
1 ta,t+'
XgLe
1 :TheaboveStandalonefinancial resultswerereviewedbytheAuditcommitteeandwereapproved&takenonrecordbytheBoardof "ixill Directors attheirmeetingheldon
,7th Februarv, 2077 .
2lTheStatutoryAuditorsofthecompanyhavecarriedoutalimitedreviewoftheaforesaidfinancial results.
i
3 iTheabovestatedNetSales/lncomefromoperationincludesincomefromsaleofsolarpowergeneratedofT266.6l"Lacsforthequarterand<734.54Lacsforthenine
i months period both ended on 3 lst Decem ber, 2016. 5u ch income for the corresponding previous q uarters of <225,7 4 Lacs, previous nine months' period and for the year
iended on 31st December, 2015 was {550.04 Lacs,
4 iNoprovisionhasbeenmadeagainstperformanceBankGuaranteeofSWccProjectinKingdomofSaudiArabialnvokedamountingsARlog8los5/-againstthecompany
iand matter under dispute, stay granted by City Civil Court, Ahmedabad till disposal ofthe suit and also arbitration proceeds in London Court of International Arbitration.
i
:The Company had executed a Corporate Debt Restructuring agreement with its principal lenders for its FB and NFB exposure of Rs.705.43 Crores. The package has been
j implemented by all CDR lenders, The present status of the package is that, all lenders account are Non-performing Assets. No provision has been made againt Interest of
i bank facilities after Non-Performing Assets declreared by the Bank.Further all consortium lenders have decided to exit from cDR and same has been approved by CDR
6 iThe Company operates mainly in the single business segment as per Accounting Standard 17.
7 ; Figures have been regrouped/rearrangedrvherever necessary
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$m*hi,nd
PR*JHCT$ L!&#ITEM
7th February,2017
To,
Department of Corporate Services Department Of Corporate Services
Bombay Stock Exchange Limited National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G,
Dalal Street, Mumbai- 400 001. Bandra Kurla Complex,
Bandra (E)
Mumbai - 400 051
Dear Sir,
Please find enclosed herewith the copy of Limited Review Report of Statutory
Auditors of the
Company for the quarter ended on 31.t December, 2016.
Thanking you.
Yours faithfully,
V ).iq v
Y-zl
Prakash L. Hinduja
Chairman & Managing Director
DtN - 01688850
Encl.: As Above
Corporate Office : 3rd Floor, Venus Atlantis Corporate Park, Nr. PrahladnagarAUDA Garden, Satellite. Ahmedabad - 380 015.
Gujarat. lNDlA. Ph. : +91-79-40501300 Fax +91-79-40501310/11 Email : info@pl.in / www.jpl.in
CIN : L4520GJ1985PLC008338
7/, K, Aawaai & (o,
CHARTERED ACCOUNTANTS
701/A Block, Wall Street-2, Opp. Orient Club, Nr. Gujarat College Crossing, Ellisbridge, Ahmedabad-6, Ph.: 26402552 - 53
4. Based on our review conducted as 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 accounting standards
7/, K, Aawawi & (o,
CHARTERED ACCOUNTANTS
70UA Block, WallStreet-2, Opp. Orient Club, Nr. Gujarat College Crossing, Ellisbridge, Ahmedabad-6. Ph.: 26402552 - 53
and other recognized accounting practices and policies has not disclosed the
information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations,20L5 including
the manner in which it is to be disclosed, or that it contains any material
misstatement.
c) Interest on delayed payment of statutory dues has not been provided for,
which has neither been quantified nor the effect of the same on the
financial statement has been ascertained.