Thursday, 24 August 2017

HINDUJA VENTURES LIMITED (‘HVL’) AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2017

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Revised Standalone total income for the year end Rs. 203.39 Crores and PAT Rs. 102.91 Crores.
Revised Consolidated total income for the year end Rs. 826.09 Crores and loss of Rs. 56.61 Crores.

The Board of HVL at its meeting held today approved the revised audited standalone and consolidated financial results for the financial year ended March 31, 2017 on the Scheme of Arrangement between Grant Investrade Limited (GIL), a wholly owned subsidiary of the Company and IndusInd Media & Communications Limited (IMCL), a subsidiary of the Company having become effective pursuant to which Headend-in-the-Sky (HITS) business undertaking of GIL vested into IMCL effective from October 01, 2016, being the appointed date.

HVL Revised Standalone Results:-

  • The net profit after tax stood at Rs. 102.91 Crores as against Rs. 100.59 Crores for the financial year ended March 31, 2016.

  • HVL on standalone basis reported a total income of Rs. 203.39 Crores for the financial year ended March 31, 2017 as against Rs. 332.49 Crores for the financial year ended March 31, 2016.

Revised Consolidated Financial Results:-

  • Consolidated total income for the financial year ended March 31, 2017 is Rs. 826.09 Crores as against to Rs. 679.98 Crores for financial year ended March 31, 2016.

Consolidated net loss after tax and minority interest stood at Rs. 56.61 Crores as against loss of                     Rs. 81.21 Crores for the financial year ended March 31, 2016.

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