D B CORP LTD - Announces Q2 results and Limited Review Report for the Quarter ended September 30, 2014

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D B Corp Ltd - Announces Q2 results and Limited Review Report for the Quarter ended September 30, 2014

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16 Oct 2014
D. B. Corp Ltd has announced the following results for the quarter ended September 30, 2014:<br/><br/>The Unaudited Standalone results for the Quarter ended September 30, 2014<br/><br/>The Company has posted a net profit of Rs. 681.27 million for the quarter ended September 30, 2014 where as the same was at net profit of Rs. 621.23 million for the quarter ended September 30, 2013. Total Income is Rs. 4835.74 million for the quarter ended September 30, 2014 where as the same was at Rs. 4379.57 million for the quarter ended September 30, 2013.<br/><br/>The Consolidated Results are as follows:<br/><br/>The Unaudited Consolidated results for the Quarter ended September 30, 2014<br/><br/>The Group has posted a net profit after tax, minority interest and after extraordinary items of Rs. 681.06 million for the quarter ended September 30, 2014 where as the same was at Rs. 601.63 million for the quarter ended September 30, 2013. Total Income is Rs. 4838.30 million for the quarter ended September 30, 2014 where as the same was at Rs. 4418.45 million for the quarter ended September 30, 2013.<br/><br/>- Pursuant to the approval of Honourable High Court of Madhya Pradesh, Principal seat at Jabalpur, received on March 27, 2014 and according to the Scheme of Arrangement (the 'Scheme'), the Integrated Internet and Mobile Interactive Service business of l Media Corp Limited ('IMCL') a wholly owned subsidiary of the Company was demerged and merged with the Company with effect from April 01, 2013 ('Appointed date'). The Company had recognised the demerger in the quarter ended March 31, 2014.<br/><br/>According to the provisions of the Scheme, along with assets and liabilities of Integrated Internet and Mobile Interactive Service business, the unabsorbed depreciation and brought forward losses (against which IMCL had not recognised deferred lax assets) till March 31, 2013 aggregating to Rs. 439.54 million were transferred to the Company which were set off by the Company while computing the Current tax provision for the quarter and year ended March 31, 2014. This resulted in a net reduction of Rs. 149.40 million in the current tax expense for the quarter and year ended March 31, 2014.<br/><br/>Accordingly, the results for the quarter and six months ended September 30, 2014 are not comparable with the results for the quarter and six months ended September 30, 2013.
View all announcements for D B Corp Ltd	Source: BSE India

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