iifl-logo-icon 1
iifl-logo-icon 1Budget 2024
iifl-logo-icon 1
Home

Amforge Industries Ltd Management Discussions

₹11.36
(0.44%)
Jul 23, 2024|03:41:00 PM

Amforge Industries Ltd Share Price Management Discussions

FINANCIAL RESULTS (STANDALONE):

(Rs.in 000s)
PARTICULARS 2016-2017 2015-2016
Total Income 24,983.67 41,472.21
Earnings before interest, depreciation, exceptional items and tax (1,601.20) 12,126.05
Less : Depreciation 4,629.19 4,167.61
Profit before interest, exceptional items and tax (6,230.39) 7,958.44
Less : Interest and Finance cost 4,606.57 3,358.82
Profit before exceptional items and tax (10,836.96) 4,599.92
Less : Exceptional items 38,313.06 -
Profit before tax (49,150.02) 4,599.92
Provision for current tax - 1,000.00
Provision for deferred tax /Prior year 1,15,911.00 (79.30)
Profit after tax (1,65,061.02) 8,836.22
Balance of (Loss) brought forward from previous year (3,94,418.48) (4,03,254.70)
(Loss) carried to Balance Sheet (5,59,479.50) (3,94,418.48)

FINANCIAL PERFORMANCE:

During the financial year under review, your Company registered a total income of Rs.24,983.67 thousand as against (Rs.41,472.21 thousand) in the previous year and earning loss before interest, depreciation, exceptional items and tax (Rs.1,601.20) thousand as against (Rs.12,126.05 thousand) in the previous year. The loss before tax for the year is (Rs.49,150.02) thousand, as against profit of (Rs.4,599.92 thousand), in the previous year.

INTERNAL AND FINANCIAL CONTROL:

The Company has in place adequate internal and financial controls to ensure compliance with various policies, practices and statutes applicable with reference to financial statements. The internal audit is entrusted to M/s. Ashwin K. Shah, Chartered Accountant (Membership No.033083).

MANAGEMENT DISCUSSION AND ANALYSIS:

There were no manufacturing activities to report on Management Discussion and Analysis pursuant to Regulation 34 (e) of SEBI (LODR) Regulations, 2015.

For and on behalf of the Board of Directors
Fali Mama
Director
DIN:00012636
Place: Mumbai
Date: 11/08/2017

Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

About
IIFL Group
Products & Services
Trading Documentation
Useful Links
ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.