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    Standalone Financial Results, Limited Review Report For June 30, 2016 (Result)

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    Shyam Sunder
    - LGB Forge Limited submitted unaudited financial results for the first quarter of the fiscal year 2016-2017 to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. - The results were reviewed by the company's Audit Committee and approved by its Board of Directors on July 13, 2016. - The results showed a net loss of 70.27 lakhs for the quarter ended June 30, 2016 compared to a net loss of 57.55 lakhs for the previous quarter ended March 31, 2016.

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    Standalone Financial Results, Limited Review Report For June 30, 2016 (Result)

    Uploaded by

    Shyam Sunder
    35 views4 pages
    - LGB Forge Limited submitted unaudited financial results for the first quarter of the fiscal year 2016-2017 to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. - The results were reviewed by the company's Audit Committee and approved by its Board of Directors on July 13, 2016. - The results showed a net loss of 70.27 lakhs for the quarter ended June 30, 2016 compared to a net loss of 57.55 lakhs for the previous quarter ended March 31, 2016.

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    Standalone Financial Results, Limited Review Report for June 30, 2016 [Result]

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    - LGB Forge Limited submitted unaudited financial results for the first quarter of the fiscal year 2016-2017 to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. - The results were reviewed by the company's Audit Committee and approved by its Board of Directors on July 13, 2016. - The results showed a net loss of 70.27 lakhs for the quarter ended June 30, 2016 compared to a net loss of 57.55 lakhs for the previous quarter ended March 31, 2016.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views4 pages

    Standalone Financial Results, Limited Review Report For June 30, 2016 (Result)

    Uploaded by

    Shyam Sunder
    - LGB Forge Limited submitted unaudited financial results for the first quarter of the fiscal year 2016-2017 to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. - The results were reviewed by the company's Audit Committee and approved by its Board of Directors on July 13, 2016. - The results showed a net loss of 70.27 lakhs for the quarter ended June 30, 2016 compared to a net loss of 57.55 lakhs for the previous quarter ended March 31, 2016.

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    © All Rights Reserved
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    LGB FORGE LIMITED

    Ganapathy, Coimbatore - 641 006


    Tamil Nadu, India
    Tel : (0422)2532325
    Fax : (0422) 2532333

    The National Stock Exchange of India Limited


    "Exchange Plaza"
    Bandra Kurla Complex, Bandra(E)
    Mumbai - 400 051

    LGB/SEC/STK-BM-2016

    Bombay Stock Exchange Limited


    Phiroze Jeejeebhoy Towers,
    Dalal Street,
    Mumbai - 400 001

    13.07.2016

    Dear Sirs,
    Sub: Un-Audited Financial Results for the First quarter 01.04.2016 to 30.06.2016.
    Ref: Compliance of Reeulation 33 of the SEBI (Listine Obligations and Disclosure
    Requirements) Regulations, 2015
    Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
    Regulations, 2015, we are forwarding herewith the un-audited financial results for the First
    quarter 01.04.2016 to 30.06.2016 along with Limited Review Report which was reviewed by the
    Audit Committee and approved by the Board of Directors of the Company at its meeting held
    today i.e. the 13th July, 2016.
    Kindly take the same on record
    Thanking You,
    Yours faithfully,

    For L!.B
    ORGE LIMITED

    7.

    ~n

    "-----/

    anikandan
    Company Secretary

    Regd. Office : 6/16/13, Krishnarayapuram Road, Ganapathy, Coimbatore- 641 006. Tamil Nadu, India
    CIN : L27310TZ2006PLC012830 E-mail: info@lgb.co.in web: www.lgbforge.co.in

    LGB FORGE LIMITED


    Regd. Office: 6116113, Krlshnarayapuram Road, Ganapathy, Cofmbatore- 641 006.
    Ph.0422 2532325 Fax: 0422 2532333 Email id: info@lgb.co.in Website: www.lgbforge.co.in
    CIN: L27310TZ2006PLC012830
    UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2016
    (~ In lakhs)
    Year ended

    Quarter ended
    S.No
    1

    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19.i

    19.11

    Particulars
    Income from operations
    (a) Net sales/income from operations
    (Net of excise duty)
    (b) Other operating income
    Total Income from Operations (net) (a)+ (b)
    Expenses
    (a) Cost of materials consumed
    (b) Purchase of stockln-trade
    (c) Changes in inventories of finished goods,
    workinprogress and stock-in-trade
    (d) Employee benefits expense
    (e) Depreciation, amortisation & impairment
    (f) Other expenses
    (g) Total (a) to (f)
    Profit I (loss) from operations before other
    income, finance costs and el<ceptionalltems (12)
    Other income
    Profit I (loss) from ordinary activities before
    finance costs and exceptional items (3+4)
    Finance costs
    Profit I (Loss) from ordinary activities after
    finance costs but before exceptional items (56)
    Exceptional items
    Profit I (loss) from ordinary activities
    before tax (7-8)
    Tax expense
    Net Profit I (loss) from ordinary activities
    after tax (9 - 10)
    Extraordinary items (net of tax expense)
    Net Profit I (loss) for the period after taxes (11- 12)
    Share of Profit I (loss) of associates'
    Minority Interest
    Net Profit I (loss) after taxes, minority interest and
    share of profit I (loss) of associates (13+14+15)'
    Paidup equity share capital (Face Value Re. 11)
    Reserve excluding Revaluation Reserves as
    per balance sheet of previous accounting year
    Earnings per share (before extraordinary items)
    (of Rs. 1 1- each) (not annualised):
    (a)
    Basic
    Diluted
    (b)
    Earnings per share (after extraordinary items)
    (of Rs. 1 I each) (not annuallsed):
    (a)
    Basic
    (b)
    Diluted
    See accompanyiing note to the Financial Results

    30.06. 2016
    (Unaudited)

    31 .03.2016
    (Unaudited)

    30.06.2015
    (Unaudited)

    2,351.27

    2,236.1 9

    2,008.98

    8,371.04

    116.19
    2,467.46

    149.53
    2,385. 72

    132.96
    2, 141 .94

    458.73
    8,829.77

    1, 272.49

    1,047.79

    1,071.89

    4,350.44

    (36.18)
    3).4.88
    70.46
    855.02
    2,496.67

    45.75
    311 .02
    105.30
    847.91
    2,357.77

    51.97
    280.05
    87.71
    740.91
    2,232.53

    76.32
    1,180.64
    349.71
    3,030. 90
    8,988.01

    (29.21)
    20.29

    27.95
    23 .94

    (90.59)
    29.65

    (158.24)
    87.76

    (8.92)
    61.35

    51.89
    109.44

    (60.94)
    94.22

    (70.48)
    374.82

    (70.27)

    (57.55)

    (155.16)

    (445.30)
    211.55

    (70.27)

    (57.55)

    (155.16)

    (233. 75)

    (70.27)

    (57.55)

    (155.16)

    (233.75)

    (70.27)

    (57.55)

    (155.16)

    (233. 75)

    (70.27)
    1,500.02

    (57.55)
    1,500.02

    (155.16)
    1, 500.02

    (233.75)
    1,500.02
    (588.66)

    (0.05)
    (0.05)

    (0.04)
    (0.04)

    (0.10)
    (0.10)

    (0.16)
    (0. 16)

    (0.05)
    (0.05)

    (0.04)
    (0.04)

    (0.10)
    (0.10)

    (0. 16)
    (0. 16)

    Applicable in the case of consolidated results


    Notes:
    1. The above financial results of the Company had been reviewed by the Audit Committee and approved by the Board of
    Directors at their meeting held on 13th, July 2016.
    2. The Company has only reportable business segment namely Manufacture of Forged & Machined Components.
    3. The above financial results are also available in website www.lgbforge.co.in, www.nseindia.com, www.bseindla.com
    4. The Figures of the quarter ended 31.03.2016 are the balancing figure between the audited figures in respect of the
    full financial year and published yeartodate figures upto third quarter of the respective financial year.
    5. Previous period I year figures have been regrouped/ rearranged wherever necessary to make it comparable with the
    current period

    Coimbatore
    13.07.2016

    31.03.2016
    (Audited)

    RARtBliAKTI & CO'. LLP


    Cha rtered Accountants

    Limited Review Report

    Review Report to
    The Board of Directors
    LGB Forge Limited

    1. We have reviewed the accompanying Statement of Unaudited Financial Results of LGB


    Forge Limited ('the Company') for the quarter ended June 30, 2016 ("the
    Statement") . This Statement is the responsibility of the Company's Management and
    has been approved by the Board of Directors. Our responsibility is to issue a report on
    the Statement based on our review.

    2. 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 Statement is 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.

    Haribhakti & Co. LLP, Chartered Accountants Rein. No. AAC 3768, a limited liability partnersh1p registered 10 lnd1a (converted on 17th June. 2014
    from firm Haribhakti & Co. FRN: 103523W)
    Shree Shanmugappriya, 2nd Floor, 454, Ponnaiyan Street, Crosscut Road, Gandhipuram, Coimbatore 641 012, India.
    Tel: +91 (422) 2237793 I 2238793 Fax: +91 (422) 2233793
    Reiistered Office: 705, Leela Business Park, AndherH<urta Road, Andheri (E), Mumbal 400 059, lnd1a.
    Other Offices: Ahmedabad, Bengaluru , Chennai, Hyderabad , Kolkata , Mumbai , New Oelh1, Pune.

    HARIBHAKTI & CO. LLP


    Chartered Accountants

    3. Based on our review conducted as above, nothing has come to our attention that
    causes us to believe that the accompanying Statement, prepared in accordance with
    applicable accounting standards as specified under Section 133 of the Companies Act,
    2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised
    accounting practices and policies have not disclosed the information requi red to be
    disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure
    Requirements) Regulations, 2015 including the manner in which it is to be disclosed ,
    or that it contains any material misstatement.

    For Haribhakti & Co. LLP


    Chartered Accountants
    ICAI Firm Registration No.103523W

    CS Sathyanarayanan
    Partner
    Membership No. : 028328

    Coimbatore
    13.07.2016

    Continuation Sheet

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