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

o
INDUSTRIAL
INVESTMENT
TRUST
IITI GROUP LIMITED
AugustQ9,2016
TheManager
ListingDepartment
BSELimited
DalalStreet
Mumbai- 400001
The Manager
Listing Department
The National Stock Exchangeof lndia Limited
ExchangePlaza,5thFloor
PlotNo. Clt, G Block
BKC, Bandra(E), Mumbai 400 051
BSECode:501295
NSE Scrip Symbol: IITL
DearSir,
sub:
unaudited Financial Resultsfor the Quarter endedJune 30,2016
pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing

(Listing Regulations)'
Obligations anJ Disclosure Requirements)Regulations, 2015
for the Quarterended
attacied pleasefind Unaudited Financial Resultsof the Company
Company in its meeting
June 30, iOrc, duly approvedby the Board of Directors of the
p.m' and concludedat 5'00
held today,August 0g',2016.ThL meetingcommenced at 3.45
p.m.
Also attachedherewith is the Limited Review Reportof the
requiredunder Regulation33 of the Listing Regulations'
Auditors of the Company'as
Kindly acknowledgethe receiPt.
YourssincerelY,
For Industrial Investment Trust Limited
l4.
Cumi Banerjee
CEO & ComPanYSecretary
{n
:E
CI
'l{.!.
Encl: A/a
IN No. L65990MH1933PLC001998
Regd. OfEce r RajabahadurMansion,2nd Floor,28, BombaySamacharMarg, Mumbai - 400 001
Tel.:t+91) 22-43250100 r Fax : (+SI) 22-2265Il05
Email : iitl@iitlgroup.com r Website: www.iitlgroup.com
TRUSTLIMITED
INDUSTRIAL
INVESTMENT
clN - L5599oMH1933PLCOO1998
Regd.office : Rajabahadur/ttansion,28, BombaySamacharl''larg'Mumbai4@ 001.
Tel. No. 022-43250100, Fax No. 022-2265 1105 Emailld: iitl@iitlgroup.com Website:ww.lltlgroup.com
T IN IAKhS
FORTHEqUARTERENDED3010612016
RESULTS
UNAUDITED
FINANCIAL
OF STANDALONE
STATEMENT
Particulars
(R;fer Notes Below)
Sr
No
3 months ended
30t06tzo16
Preceding
3 months ended
31tO3t2016
Corresponding3
months ended
30t06t2015
Previous year
endod
31t03t2016
(Refer note 7
below)
Unaudited
Audited
Unaudited
Incomefrom Operations
lncomefrom ODerations(Refernote 4 below)
1b.
197.63
303.'14
895.29
(50.02
197.63
303.14
1,698.59
34.30
34.47
803.30
Total lncomefrom Operations(1a to 1b)
(50.02
Other OperatingIncome(Refernote 5 betow)
Expenses
Emptoyeebenefitsexpense
2.13
7b. Deoreciationand amortiSationexpense

Net tosson sate of long-terminvestments(after adiusting provisionfor diminution in value of
investmentsl
2 d . Provisionfor diminution in the vatue of tong term inYestments(net)
28.20
122.32
3.'t2
3.47
12.48
(28.e5)
33.62
17't.47
28.38
7.91
2e. Provisionfor sub-standardassets
(0.03)
49.76
80.27
43.94
238.13
364.80
50.00
Provisionfor contingency
29. Other expenses

Totat expenses(2a to 29)
3
Profit/(Loss)from Operationsbefore other income, finance costsand exceptionalitems (1'2)
Other lncome
Profit/(Loss)from ordinaryactivities before finance costsand exceptionatitems (3+4)
326.@
152.10
137.56
1,022.42
(376.11
45.53
165.58
676.17
3.51
8.08
165.58
687.42
(372.60)
Profit/(Loss)from ordinaryactivities after finance costsbut before exceptionalitems (5'6)
8.
Exceptionalltems
Profit/(Loss)from ordinaryactivities before tax (7+8)
(372.881
(306.e21
6.93
53.27
165.10
680.49
53.27
16 5 . 10
680.49
(91.50
't44.87
(65.96
Net Profit/(Loss)from ordinaryactivities after tax (9-10)
0.48
0.34
(372.881
1 0 . Tax expense(Net of [tAT Credit)
11 . 2 5
53.61
0.28
Finance costs
t1
63.22
231.99
37.38
127.72
29.64
650.85
12. Extraordinaryltems
(306.92
for the period(11-12)

1 3 . Net Profit/(Loss)
14.
2,254.76
Paid-upEquityShareCapitat
144.87
2,254.76
127.72
2,254.76
650.85
2,254.76
Facevalue : ? 10/- Dershare)

1 5 . ReseryesexctudingRevaluationReseryes
1 6 . rarningsper share(face vatue of ( 10/- per share) (@Not annuatised)
-Basicand Dituted{?)
5 1, 6 9 9 .01
@
1.36
0.6.4
o.57
2.89
SeqmentRevenue,SegmentResults,SegmentAssetsand Segment Liabilities

3 months ended
30to6t2016
Pr*eding
3 months ended
31tO3tZO16
corresponding 3
months ended
30t06t2015
Previousyear
ended
t1to3t2016
Unaudited
Unaudited
Unaudited
Audited
Particulars
1.
2.
SegmentRevenue
(a) Investmentactivity
(b) Insurance
I otal
Less:Inter-SegmentRevenue
Incomefrom Operations
(50.0?)
197.63
303.14
(50.02
197.63
303.'t4
1,698.59
(50.02
197.63
303.14
' t. 6 9 8 . 5 9
SegmentResults
(b) Insurance
(345.69
114.10
182.-O4
812.32
(345.69
114.10
182.O4
412.32
0.28
26.91
(372.88)
0.34
60.49
53.27
0.48
16.46
165.10
6.93
124.90
580.49
19,319.10
34,000.00
498,84
53,817.94
19,701.74
34,000.00
421.51
54,123.25
53,832.64
19,701.74
34,000.00
421.51
54,123.25
122.54
11 8 . 9 5
142.67
11 8 . 9 5
4.47
171.O1
50.44
169.39
59.15
50",14
| 69,39
Totat
Less:
(i) lflterest
{ii) Other unattcabte expensesnet off unal(cabte income
Total Profit/(Loss)before tax
3.
SegmentAsset'
(b) Insurance
(c) Unattocated
Totat
Segment Liabilities
(b) Insurance
(c) Unattocated
Total
Note:
The Company operates only in one geographical segment i.e, India.
\l w
S'V
19,568.60
34,000.00
264.O4
401.92
1,698.59
Notes:
Theabovefinancialresultsofthecompanyforthequarterended30i06/2016werereviewedbytheAuditcommittee,
havebeensubjectedto a "LimitedReview"by the StatutoryAuditors.
Thecompanyhasmadeaninvestmentof?340croresinFutureGenera[i|ndiaLife
ptan providedby FGlLlcLto the companyand basedon management'sassessment

of the same,the managementof the Companyis of the view that, atthoughthe net-worthof FGlLlcLas at
31/Q3/2016
hassubstantiatty
eroded,thereis no diminutionotherthantemporaryin the valueof investment
of the Company
in FGILICL
as at 10i06/2016.
Affairs.
lncomefromoperationsduringthequarterended30lo6|2016andyearended]1/03/2016arenetof?160.35takhsandt114.83takhsrespctiVe[y
unreatised
on toanwhich
ended3'l/03/2016respectivety
havenot beenrecognised
on non-performingloansand shattb recognised
ontyuponits realisation,
otheroperatingincomeforthepreviousyearended31/03|2016reprents
NarimanPoint.
and Rs.1,500takhsin 12%non-convertibte

preference
cumutative
redeemable
sharesin llTLpLasat j1l}6t2016.
third quarterended31I 12/2015.
Fjguresfor the previousperiods/ year havebeenregroupedwherevernecessary,
in order to makethem comDarabte.
Ptace: Mumbai
Date : 09/08/2016
$(
9N
Dr. B. Samal
Chairman
Deloitte
Haskins& Sells
Chartered Accountants
Tower 3, 27th - 32nd Floor
lndiabullsFinanceCentre
ElphinstoneMill Compound
SenapatiBapat Marg
Elphinstone(W)
Mumbai - 400 013, India
Tel: +91 (022)6185 4000
Fax:+91(022)6 l 85 4501/4601
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM

FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF
INDUSTRIAL INVESTMENT TRUST LIMITED
l. We have reviewed the accompanyingStatementof StandaloneUnaudited
FinancialResultsof INDUSTRIAL TNVESTMENT TRUST LTMITED (,,the
company") for the Quarterended30/0612016
(..theStatement,'),being submitted
by the Companypursuantto the requirementof Regulation33 oi th. Spgt
(Listing Obligations and DisclosureRequirements)Regulations,2015. This
Statementwhich is the responsibilityof the company,s Managementand
approvedby the Board of Directors,has been preparedin accordancewith the
recognitionand measurement
principleslaid down in AccountingStandardfor
Interim Financial Reporting (AS 25), prescribedunder Section 133 of the
CompaniesAct, 2013 read with relevantrules issued thereunderand other
accountingprinciplesgenerallyacceptedin India. Our responsibilityis to issuea
reporton the Statement
basedon our review.
2 . We conductedour review of the Statementin accordancewith the Standardon
Review Engagements(SRE) 2410 'Review of Interim Financial Information

Performedby the Independent
Auditor of the Entity', issuedby the Instituteof
CharteredAccountantsof India.This Standardrequiresthat we plan and perform
the review to obtain moderateassurance
as to whetherthe Statementis free of
materialmisstatement.
,A review is limited primarily to inquiriesof company
personneland analyticalproceduresappliedto financialdati and thus provides
lessassurance
than an audit. we havenot performedan audit and,accordingly,we
do not expressan auditopinion.
{rl
Basedon our reviewconductedas statedabove,nothinghascometo our attention

thatcausesus to believethatthe accompanying
Statement,
preparedin accordance
with the aforesaidAccountingStandardand otheraccountingprinciplesgenerally
acceptedin India, has not disclosedthe informationrequiredto be disclosedin
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 containsany materialmisstatement.
Deloitte
Haskins&Sells
4' We draw attentionto Note 2 of the Statement.As

statedin the Note the net worth
of Future GeneraliIndia Life Insurancecompany Limited (.,FGILICL,),
a Joint
venture of the Company,as at 31/03/2016hassulstantially
eroded.However,the
Managementof the company is of the view, for the reasons
statedin the Note,
that there is no diminution other than temporaryin the value
of investmentof the
company in FGILICL. our reportis not quarifiedin respect
ofthis matter.
FoTDELOITTE HASKINS & SELLS
CharteredAccountants
(Firm'sRegistration
No. 117365W)
6lo'lrrt*'
MUMBAI, 9thAugust,2016
Uday M. Neogi
partner
(MembershipNo. 30235)
{T{'
n:,

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

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o

NSE Scrip Symbol: IITL

unaudited Financial Resultsfor the Quarter endedJune 30,2016

pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing

Auditors of the Company'as

Kindly acknowledgethe receiPt.

Total lncomefrom Operations(1a to 1b)

Other OperatingIncome(Refernote 5 betow)

7b. Deoreciationand amortiSationexpense

2e. Provisionfor sub-standardassets

29. Other expenses

Profit/(Loss)from Operationsbefore other income, finance costsand exceptionalitems (1'2)

Profit/(Loss)from ordinaryactivities before finance costsand exceptionatitems (3+4)

Profit/(Loss)from ordinaryactivities after finance costsbut before exceptionalitems (5'6)

Profit/(Loss)from ordinaryactivities before tax (7+8)

Net Profit/(Loss)from ordinaryactivities after tax (9-10)

1 0 . Tax expense(Net of [tAT Credit)

for the period(11-12)

Facevalue : ? 10/- Dershare)

SeqmentRevenue,SegmentResults,SegmentAssetsand Segment Liabilities

ptan providedby FGlLlcLto the companyand basedon management'sassessment

and Rs.1,500takhsin 12%non-convertibte

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM

2 . We conductedour review of the Statementin accordancewith the Standardon

Review Engagements(SRE) 2410 'Review of Interim Financial Information

Basedon our reviewconductedas statedabove,nothinghascometo our attention

4' We draw attentionto Note 2 of the Statement.As

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