THE AVVASHYA CROUP

Reqd Office: Awashva

/\LLCARGO LOGISTICS LIMITED

I

STATEMENT OF UNAUDITED STANEIALONE FINANCIAL RESULTS FOR THE QI

Quarter ended
I

(a)
(b)

0,06:2016

,30.06-201 5

unaudtted)

UnaudlterJ)

30.491

124

Total income from operations (neti

306

30,028
44e
;:30.474

(a)
(c)
(d)
(e)

19.35i

19,001

2.527

71c
2,493

2.453
2.364

?ther expenses
Jrovtsron tor doubtful debts

26.73i
?

q finance costs and exceptional items {1-2)

Ither income

ore finan
Finance costs

ce costs but before exceDtional items (5 - 6I

trxceplronal t(ems

Profit from ordinarv activities before tax (7

10

'11

12

8)

ax expense

Net profit from ordinary activitles after tax (9 + 10)

=xlraordinary
t'fet
profit for the period 111

14

Other comprehensive income

Total comprohensive income (1 3+14)
oaid-up equity share capital (Face valLre
of Rs. 2 each)
rdinary ltems) (Face value of Rs. 2 each) (not annualisedl:
Basic

17 (i)
{a)
(b)

17

liit

{a)
(b)

35

,6'71

3.87r

!121

f ilLtted
Earnlnqs Per Sllere (after extraordinary itertsl (Face value of Rs. 2 eachl (not annualisod):
Basic

uted

609

4.Mt

4.t69

451

ri94

3.99i

4.07a

3,997

1.308

|4',1

t, tzz
(?54

2.830

311.07

2.830

3.:107

5 042

2,!i21

1.12
1.12

1.27
1.27

1.12
1.12

1.2i
121

HALF OF THE BOARD OF DIRECTORS

OGISTICS LIIV]ITED

FOR

/.)7F.

2 830

Refer accompanying noies to the statement ol unaudited standalone tinancial results.

OF

4.160

57(

items

i?

16

2.1166

41

SHASHI KIRAN SHETry

CHAIRMAN & MANAGING DIRECTOR
(DIN:00012754)
PTACE: MUI/iBAI
DATE: August 22,2016

ILJ

Avvashya House,6th Floor, CST Boacl, Kalina, Santacruz (E), l'/unrtrai 400 098 | P: +91 ?2 6679 8100/26675800 I F: +91 22 6679 Bl95

ALLCI\RGO LOGISTICS LIMITED

Reqd Offlce: A!'vashva House,

SEGMENTWISE REVENUE, RESUL

ASS.ETS AND LIABILITIES FOR THE QUARTER ENDED JUNE

201 6

Noles on Segment Information:Segment Revenue, Results, Assets and Liabilitles represent amounls identifiable to each of the operaling segments.
Other 'unaltocable expenditure' and 'unallocable incorne' includes income / expenditure on common services not dircctly idenlifieble 1o indi'ridLtetl
segmenls such as corporate expenditure. interest / dividend and olher income.
Unaltocablo asseLs mainly fepresents investmenls, corporate loans 60d advances and tax assets. Unallocable liabilities mainly represenls corporate
liabilities which are noi directiy identitiable to individual segmenls
Segment results for the quarter ended June 30, 2016 include rcaliscd gains on selllement of derivative contracts enlered to hedge liabilities ar'sing
on acquisition of segmental essets.

F OF THH BOARD OF DIRECTORS

OGISTICS LIMITED

lwz

SHASHI KIRAN SHETTY

CIIAIRMAN & MANAGIT./G DJRECTOR
(DlN:00012754:,

PLACE:

Ir,4Ul\4BAl

DAIE:A

22,2D16

Avvashya House, 6th Floor, CST Road, Kalina, Sanlacruz (F), Mumbai 400 098 | P: +91 22 6679 8l 00/2667 5800 | F: +91 22 6679 8195

Notes

to the statement of unaudited standalone financiat results for the quafier ended

June 30,2016

1,

The statement of unaudited standalone financial results for the quafter ended June OO, 2016
has been prepared in accordance with Indian Accounting Standard (lnd AS) notified under the
Companies (lndian Accounting Standards) Rules, 2015 as amended by the Companies (lndian
Accounting Standards) ttules,2016. The Company adopted Ind AS from April 1,2016, and
accordingly these financial results have been prepared in accordance with the recognition and
measurement principles in Ind AS 34 Interim Financial Reporting, prescribed under Section
133 of the Companies Act, 2013 (the'Act') read with the relevant rules issued thereunder anu
the other accounting principles generally accepted in India. These results were reviewed and
recommended by the Audit Committee and approved by the Board of Directors at their
respective meeting held on August 22,2016.

The Joint Statutory Auditr:rs of the Company have conducted a 'Limited Review'of the financial

resulls for the quarter ended June 30, 2016 in terms of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. There are no qualifications in the
report issued by the Joint Statutory Auditors.

The Ind AS unaudited standalone financial results and financial information for the ouarter
ended June 30, 2015 has been compiled by the management after making necessary
adjustments to give a lrue and fair view of the results in accordance with Incl AS, This
information has not been subject to any limited review or audil.

2.

ln July 2016, the Company and Hindustan Cargo Limited, ('HCL', awholly owned subsidiary of
the Company) completed transfer of their contract logistics and freight fonruarding businesses,
respectively, for 6,630/o and 10.57% shareholding, respectively in Avvashya CCI Logistics
Private Limited (formerly known as CCI lntegrated Logistics Private Limited) ('ACCI'), Further,
the Company acquired 4,3.930 shares in ACCI for a cash consideration of Rs.13,000 Lakhs.
Post this transaction, the Company and HCL own 61.13% in ACCI, Accordingly, the impact of

transfer of businesses and acquisition of additional shares in ACCI will be reflected in the next
ouarter.

Avvashya House,6th Floor, CST Road, Kalina, Santacruz (E), lVumbai 400 098 | P: +91 22 6679 8100/2667 5800 | F: +91 22 6679 8195

3.

Reconciliation of financierl results to those repofted for the quarter ended June 30, 201S under
previous IGAAP to Ind Ail are summarized as follows:

Quarter ended
F

articulars

June 30. 2015

Unaudited
{Rs. in Lakhsl

Net profit under previous GAAP

2,920

Add:
lmpact of expected credit loss adjustment
Gain on falr value of current investments

396
38

Others

Less:
Deferred tax impact of above adjustments
Net profit for the perlod as per lnd AS

3.207

This reconciliation stiatement has been provided in accordance with

circular

(1s2)

CIR/CFD/FAC16212016 is,sued by The Securities Exchange Board of India dated July 5,2016
on account of implementertion of Ind AS by listed companies.
4.

The standalone and consolidated flnancial results of the Company are available on the
Company's website y4q4
Results for the quarter errded June 30, 2016 are in compliance with Ind

AS. Consequently, the

results for the quarter ended June 30, 2015 have been restated to comply with Ind AS to make
them comparable.
of the Board of Directors
stics Limited

Shashi Kiran Shetty

Chairman & Managing Director

(DlN:00012754)
Place: Mumbai

Date:Aug

22,2016

,+00 098 | P: +91 22 6679

ashya House, 6th Floor, CST Road, Kalina, Santacruz (E), Munrbai

81

00/2667 5800 | F: +91 22 6679

81

95

ALLCARG.Locrs'r.rcsLIMTTED'fH'AVVASHYAcRotlP
s'I ATEIVIENT OF

UNAUDITE! (:ONSf ) r.r n

r..

^.t.

n DRr i i,^r

r,,,,"\ \uLtsts()t{
ULTS FO ul[eUr\RTEIli
T--:-|

t(s.

30.06 201

J0.06.2011i

(flna udited I

(Ll na u d ited )

1.*.!_

(.)ul[tl 'l'cliJed

(a)
I 39.374

5rt
l39.qoi

)46.29',
2Z',

r46.52

xDcnscs
a)
o)

d)
(e)

,2.739

l:rulovee herefirc
Other
,-:Provtston

24.174
4,35t

expcnses
for.

914gS

doubtful dehrs

t65

101.485
22.391

4.92.
8,7-s(

t2

t30.9J(
8.96,

s93

498

9,555

9,34I

754

7
6

f8)

t0

131_61',

8,84,,

99t

8.801

8,3-5

8,80

8,Js

- \-utrclll lax
2..1jt?

2.72

175

(43 5
J

t3

II

\et Pl'otif aftcr

tnxes, minorill

oiilt ver|tul.cs (13 + l4 + !5)

+t?)

(b)
20

rii)

t0t
(b)

6,241

6,691

z t.,

(24t1

(265

6,\',tz

0,t):r:r

lllter cntrrtrrplrp.rirra in^^..-

l8

)f) t

6.68

t06

t-)

lb

6.2.1

latrtitrqs Per Share (before cxlraordinarv

iGmsilFircEviiuilTlrs

(23 r

(300

5,87 r

6.355

5.0d:

2.521

2 eacrr) {nrrt ann

1.11

)ilutcd
:atrrings Pcr Sltnle fnRcr nxtnrortl, nnrrr
tls rc

2,.6'

2.42

26t

1,11

2 (rt

2.42

:64

)il rr led

Retbr accornpanying notcs to the statcnlcnl ofunaudircrl consolidatcd

finilncial rcsLrlts,

AN;u

Fot{
oF ALLCAfGO

tr,tL./ot'

ftlj

BOr\RD oF

Sl'lASLll Kl R.,\N SHE'ff y

CI IAIRMAN & N{AN/\G]NO DIRECTOII.
(DlN:fi00

| 27-5.1)

DTREC.TORS

Trcs LtMt.t.ED

:-

PI',ACE: h'fUMiiAI
IJA'l E: ,r\Lrgust 22-2016

Avvashya House, 6th Floor, CST Fload, Kalina, Santacruz (E), Mumbai 400 098 | P: +91 22 6679 Bl 00/2667 5S00 | F: +01 22 6679 8195

CONSOLIDA

'[,NUE, RESULTS AND CAptTAL E]!rpLO]'CD t,OR]'HE

Alll

ER

[ND[D JUfi[,30. 20t6

Quxr tLr.ctr(j(d

Purticuhrs

J0.06,t016

r 30.06.201-5

(Ljnnudit
I
ons

Station Ope,rations
,rtions

0.vurgt's an0 unalt0cated

rrss: riler begmcnt l(cYe||uc

\ef income from opemtions
Scgmcnt Rcsults
r. Multinrodal'l'r ansport Operatious
Station Operntions
Solutrons (rcler no(c 2 belorv)
r. utncrs

Iotrrl

I 17.926

t23.+93

10.956
13.217

l4.t l2

10.377

r.00J
{3.?10'
139.892

711
, ))Q
I

{6.52.1

5,678
3,059
1.796

4.670
3.r21
2.314

r20
r0.653

lo
| 0.1

2l

LCSS

t. Iill{tnce cosls

r. Uttlcr

unilttocitble expe nditurc 0let)

fl54

(994

(1,69t)

1.214

Add
i. Other Lrnnllocable incorrrc
oru nssociolcs nnd
J

joiut vcnturcs

5egilreill A$scts
M t:ltinrodal Tr ansport Oucr'atir:ns
b. Contniner I\eight Station Opcrations
c. Proiect ond Engirreerintl Solutions

L Otlrers

Llnnllocable
Iolrl rsscts
Segrrrcrrt

I.ilbilitics

Uthcrs
Unalloc.cbtc

I otnl

498
8.3-s I

14t,526

137 -634

,{2.537

6E,398

8.669
3.957

5?.90i
J

lt.{90
67

76

3,632
6,449

4.08s

155

380

tl.775

li:rbil;ties

40.f25

76,609
4,509
65,699
JJ0.tttJ0

r, Muitirrrodal Transprlrt Opcraturns

r. ContRiner Frcight Station ODcrations
). Proiect trnd [nsineerjne Solutions
1.

59J
8,80 |

8J,709

8_4

54

7.8-t

88,333

Notcs on Segnle[t Inforrnntion:Scgrncrrt Ret'enue. llesults. Asscls and Linbilities represen( llnlounls iclenrifinble to ench of tho operating segrrents.
Othcr'unallocnbl
individuaL segntents sLrch as Cor';ro:ate e.xpenditure, inrercst / dividcnci nnd olJrer incoute.

Utta|locitb|cassctsrtrain|1.rcPrr]scntsin\,c5!I,|lunls'
rcprsen(s corpotilte liabilities sl-iich are not dircctly identiliablc to indjvidual scgDleDts.

Scgntenl resrrlts lor the quarter enrled June 30, 2016 include renlised gains on settlsnlent
liabilities arisiug rrn acquisition ofsegnrenta) assets

tjolt AND

of rlcrivative con(fncts cntefed (o he(lge

'Lt-'of t'Hti tsoAl{D ot: DiltHc toRs

CISTICS LIiVI'fEt)

SI

IASI.II KIRA}J SHEl-tY

crl-lA lli ivtAN

& Ii4i\NAc tNc

Dl RUCt]'Oti

(DlN:0001275,1)

PLA[-E: lvltJi!,ltlAl
DATE: ALrgusL 22,20|,6

Avrrashya House, 6th Floor, CST Roarl, Kalina, Santacruz (E), Nlumbai 400 098 I Pr +91 22 679 81 00/2667 5800 | F: +91 22 6679

81 95

Notes to the statement

June 30,2016

1'

of unaudited consolidated financial results for the quarter ended

The statement of unaudited consolidated financial results for

the quafter endecl June 30, 2016
has been prepared in a<;cordance with Indian Accounting standard (lnd
AS) notified under the
Companies (lndian Acccrunting Standards) Rules, 2015 as amended
by the Companies (lndian
Accounting Standards) lRules,2016. The Company adopted Ind AS from
April 1,2016, and
accordingly these financial results have been prepared in
accordance with the recognition and
measurement principles in lnd AS 34 Interim Financial Reporting, prescribed
under Section
133 of the Companies Act,2013 (the'Act') read with the relevant
rutes issued thereunder and
the other accounting principles generally accepted in India. The results were
reviewed and
recommended by the l\udit Committee and approved by the Board of Directors
at their
respective meeting held on August 22,2016.

The Joint statutory Auditrrs of the Company have conducted a 'Limited

Review, of the financial
results for the quarter ended June 30, 2016 in terms of Regulation 33
of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. There are
no qualifications in the
report issued by the Joirrt Statutory Auditors.

The Ind AS unaudited consolidated financial results and financial information

for the quarter
ended June 30' 2015 has been compiled by the management after making necessary
adjustments to give a true and fair view of the results in accordance with Ind
AS.
This

information has not been subject to any rimited review or audit.

In July 2016, ihe Company and Hindustan Cargo Limited, ('HCL', a wholly
owned subsidiary of
the Company) completed transfer of their contract logistics and freight forwarding
businesses,
respectively, for 6.63% and 10.57% shareholding, respectively in Avvashya CCI
Logistics
Private Limited (formerly known as CCI Integrated Logistics Private Limitect) (,AcCl),
Further,
the Company acquired 4i\.93% shares in ACCI for a cash consideration of Rs.13,000 Lakhs.
Post this transaction, the company and HCL own 61.13% in ACCI. Accordingly,
the impact of
transfer of businesses aniJ acquisition of additional shares in AGCI will be reflected in
the next

quarter.

i,u'-G
iil

'NJ*
:

Avvashya House, 6th Floor, CST Roacl, Kalina, Santacruz (E), Mumbai 400 098 | P: +01 22 6679

8.1

\E
)

00/2667 5800 | F: +91 22 6679 8195

/^?t

Reconciliation of financial results to those reported for the quarter ended

June 30, 2015 under
previous IGAAP to lnd AS are summarised as follows:

[tafticulars

Quarter ended
June 30, 2015

Unaudited
Net profit under previous GAAp

Add / (Less)
lmpac{ of expected credil loss adjustment
Gain on fair value of cum:nt investments
lmpact of amortization of intangible assets recognized on
fair value of business conrbinations
Others
Deferred tax impact of below adjustments
Net profit for the period as per Ind AS

(Rs. in Lakhs)
7,510
364
21

(1,352)
(e7)

209
6.655

This

reconciliation sti:tement has been provided in accordance with circular

CIR/CFD/FAC16212016 issued by The Secr.rrities Exchange Board of India dated July 5, 2016
on account of implementalion of Ind AS by listed companies.
The standalone and consolidated financial results of the Company are available on the
Company's website www.
Results for the quarter ended June 30, 2016 are in compliance with lnd AS. Consequently, the
results forthe quarter encled June 30,2015 have been restated to comply with Ind AS to make
them comparable.
For and on behalf of the Board of Directors
gistics l-imited
Allc

of

ShashiKiran Shetty
Chairman & Managing Dlrector
(DlN: 00012754)
Place: Mumbai
Date: August 22,2Q16

ashya House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai 400 0SB I P: +91 22 667S 8100/2667 5800 | F: +91 22 6679 8195