FEL Y Future Enterprises Ltd.

REF: SEC/BM/BSE/NSE/02/2017-18 13th November,2017

Dept. of Corporate Services (CRD) SSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001

Re: Scrip Code: 523574/ 570002

Listing Department

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Sandra (East), Mumbai 400 051

Re: Scrip Code: FEL I FELDVR

BSE Debt Scrip Codes: 952008-9-10-45-46-53-54-7 4-75-89-90-97-98/952715-717 -718-721-879-880-881-882- 883/954326-28-30-34-35-40-43/ 955100-101-140-141-371-373-454-456-7 49-750-957 -958 I 956012-13 I

956243-268-69 I 956310-11 I 956954-55 I 957077

Dear Sir/Madam,

Sub: Un-audited Financial Results for the quarter and half year ended 30th September 2017 and Limited Review Report thereon

Pursuant to Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following:

  1. Un-audited Financial Results of the Company for the quarter and half year ended 30th September 2017.

    These Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held today.

  2. Limited Review Report on the above Financial Results duly issued by M/s. DMKH & Co., the Statutory Auditors of the Company.

The Meeting of the Board of Directors commenced at 3:30 pm and concluded at 4:10 pm. Kindly take the above information on your records

Thanking you,

Yours truly

for Future Enterprises Limited

Dinesh Maheshwari Executive Director & CFO

Encl: As above

Future Enterprises Ltd. { formerly - Future Retail Limited} . CIN L52399MH1987PLC044954

Regd. Off. : Knowledge House . Shyam Nagar . Off Jogeshwari - Vikhroli ink Road .Jogeshwari (East) . Mumbai - 400 060 P +91 22 6644 2200 . F +91 22 6644 2201 .www.felindia. in.

Corp. Off.:247 Park . Tower C . 4th Floor . LBS Marg . Vikhroli (W) . Mumbai - 400 083 P +91 22 6119 0000

Enterprises Ltd.

Statement of Standalone Financial Results for the Quarter and six months ended September 30, 2017

(tin Crore)

Sr.

No.

Particulars

3 months end•d

30-09-2017

Preceding

3 months ended

30-06-2017

Cooesponding

3 months ended in previous year

30-09-2016

6 months ended

30-09-2017

Cooesponding

6 months ended in previous year

30-09-2016

12 months ended

31-03-2017

Unaudited

Unaudited

Unaudited

Unaudited

Unaudtted

Audited

1

Income

a) Revenue from operations

1,110.64

1,041.38

935.25

2,152.02

1,856.44

3.782.09

b) OtherIncome

43.36

4.28

26.06

47.64

205.34

231.05

TotalIncome

1,154.00

1,045.66

961.31

2,199.66

2.061.78

4.013.14

2

Expenses

a) Cost of materials consumed

8.17

7.92

8.21

16.09

13.28

26.51

b) Purchases of stock-in-trade

918.75

747.10

578.03

1,665.85

1.250.69

2.662.

80

c) Changes in inventories of finished goods.work-in· progress,and stock-in-trade .(Increase) I Decrease

(133.83)

(19.05)

71.20

(152.88)

55.35

(13.90)

d) Employee benefils expense

22.50

18.42

17.62

40.92

31.07

59.96

e) Finance costs

144.85

140.75

128.45

285.60

241.63

507.61

I) Depreciation and amottlsalion expense

175.24

166.37

156.53

341.61

309.28

633.19

g) Other Expenses

20.26

29.61

23.93

49.87

39.90

93.41

Total Expenses

1,155.94

1,091.12

983.97

2,247.06

1.941.20

3,969.58

3

Profltl(Loas) from ordinary activities before tax (1 2)

(1.94)

(45.46)

(22.66)

(47.40)

120.58

43.56

4

Tax Expense

0.58

0.58

a)Current Tax

-

b) Deferred Tax

0.58

0.58

5

Profltl(Loss) for the period (3-4)

(1.94)

(45.46)

(23.24)

(47.40)

120.00

43.56

6

Other ComprehensiveIncome

O.o1

16.51

(10.61)

16.51

161.63

296.31

7

Total ComprehensiveIncome (5+6)

(1.93)

(28.95)

(33.85)

(30.89)

281.83

339.87

8

Paid up equity share capital (Face value of { 21·per share)

94.57

94.57

94.27

94.57

94.27

94.57

9

Other Equity

3,715.23

10

Basic EPS : a) Equity Shares (in f )

(0.04)

(0.96)

(0.49)

(1.00)

2.54

0.

92

b) Class B Shares(Series 1) (in,i

(0.04)

(0.96)

(0.49)

(1.00)

2.58

0.

96

Diluted EPS: a) Equity Shares (in fl

(0.04)

(0.96)

(0.49)

(1.00)

2.54

0.92

b) Class B Shares(Series 1) (in )

(0.04)

(0.96)

(0.49)

(1.00)

2.58

0.96

Notes:

  1. The above financial results and segment wise results were reviewed by the Audit Committee and were thereafter approved by the Board or Directors or the Company at Its meeting held on November 13,2017.Stalutory Auditors have Issued Limited Review report on the same.

  2. Figures for the previous financial period have been re-arranged and re-grouped wherever necessary.

  3. The Board had approved for the Offer ror Sale of shares ofits subsidiary company.Future Supply Chain Solutions Limited fFSCSL') and participation of the Company upto 5% of paid up capital or FSCSLin such Olfer. FSCSL has received final observations on its DRHP from SEBI and arein process of filingof redherring prospectus afterincorporating suggestions as givenIn observationletter.

  1. ACCOfding to the requirements of SEBI (List ng Obligations and Disclosure Requirements)Regulat ons 2015, revenue from operations for the quarter and half year ended September 30.2016 was reported inclusive of excise duty. Goods and Service Tax 1GST;was implemented with effect from July 1,2017,which replaced excise duty and other input taxes. As per tnd AS 18. revenue from operations for the quarter ended September 30.2017is reported net of GST. Therelore.revenue from operations for the current periods are not comparable with the

  2. Statement of Assets and Liabilities for the six months ended September 30,2017 and Segment wise financial results are also annexed to financialresults.

corresponding earlier periods.

By order of the Board

P1ace :Mumbai Dinesh Maheshwari

Date :November 13,2017 Executive Director & CFO

M-

Future Enterprises Ltd. ( forme rly - Future Retail limited} . CIN LS2 399MH1987PLC04495 4

Regd. Off.:Knowledge House . Shyam Nagar .Off Jogeshwari - Vikhroli Link Road .Jogeshwari (East) . Mumbai - 400 060 P +9122 6644 2200 . F +91 22 6644 2201 . www.fel india.in.

Corp.Off . : 247 Park .Tower C 4th Floor . LBS Marg . Vikhroli (W) . Mumbai - 400 083 . P +91 22 6119 0000

Enterprises

Ltd.

STANDALONE STATEMENT OF ASSETS & LIABILITIES

As at Seotember 30 2017

(in Crore) As at

March 31 2017

JSS ET_ S__ Unaudited

1.Non-Current Assets""

-- Property, Plant and Equipment6237.33

Audited

5847.93

Capital Work-in-Progress ---- -- - -- - - - 371.79 ,_ ---

---Fina'iicia l Assets--- --- --- ---_, - - ---

386.34

Investment-- --- 1054.87 - - -1404.45

Loans

-Others

-----------------

---rso.a3 120.04

- 0.19- --- 0. 25

- - - - - - -l- --

.72 206. 50

Other Non-Current Assets

--------------+-----------l

Total Non-Current Assets 8047.73 7965.51

2. Current Asset-s----------- ------·----·---

Inventories--

Financial Asseis -­

- - ' --

1025.72 873.13

--- 1--

de Receivables -

---

- 47-2.68

366.71

Cash and Cash Equival_ e_ nt_ s__

--- --- ,_ ---

=-

32. --

34. 25

20

- Loans ------ .9 :-

7.01

Bank Balances Other than Cash and Cash Equivalents 23.78 12.47

1

-- ers - - - --- 1.07 2.37

--Other CurrentAssets

.81----

-- 961.57

--------- ----1--------1----.....;_c -1

u Assets -------------·

------1- -- 2543._2_2+-- 2267·;5;.1;.r

Total Assets - --

------

10590.95 10233.02

---

--

-EQUITY ANDLI ABILITIES ----- - - - - - ·- -- -- -- --

Equity -

.._. -------

  • - Equity Share Capital

    Other EquJ!r_ --- __ Total Equity_ _

    ---94.57 -- 94.57

    ·-----3-677.66+---- 3715.231

    3772.23 3809.80

    Liabilitie s - -- --- -- - ------ -

    1.Non-Curi=enlLiabil i tie_s_ ____ --- -- --- ---------- -

    Firuinciai'Uabilities

    ------ -------11 - - - --- - -

    Borrowings -- --- -- -- -- - -520 1.04- - 4833.64

    er Financial Liabilities-- - - 559.eil-- - 562.74

    --- Provisions --- -- ----------- --• --4.78 - - 4.78

    • -- Deferred Tax Liabilities (Net) --- ----- --- -- .09..

      -- 65.09

      Total Non-c'oo f;i;iii t

      - - - - - 1-..5....8a.-3-0-.-72--4-5-4-6-6-.2-5

      .Current Liablli

      -- -------- -------·-- -- - -,._

      ___----

      FinancialLiab_i_lit_ie_s_

      - ---Borrowings-- --- - 233. 62-- --- ff 9.47

      - --Trade Payables -- --- --- ,_

      5.38 ,_ - 478.69

      -ru -- --

      r FinancialLiabilities ------ --- --- --- - 265.05 - ----35 2.83

    • - Other Current Liabilities-- --- -- -5":ia

-- Provisions___ --- ----- ---- -- -- - 0. 79--- lf.79

Total Curren 1abl ht1es --- ----- - - :,::,o.96

Total Equity and Liabilities ----=--._

--- L. 1..0:..5.:..9:.0...·:..9:.5..:.r.......:..0.:2...:3...3:...:0. 2

Future Enterprises Ltd. {formerly - Future Retail Limited}. CIN L52 399MH1987PLC044954

Regd. Off. : Knowledge House . Shyam Nagar . Off Jogeshwari - Vikhroli Link Road Jogeshwari (East) Mumbai ·400 060 P +91 22 6644 2200 . F +9122 6644 2201 .www.felindia.in.

Corp.Off . : 247 Park .Tower C . 4th Floor . LBS Marg .Vikhroli (W) Mumbai - 400 083. P +91 22 6119 0000

Enterprises

Ltd.

Standalone Segment-wise Revenue, Results,Assets and Llablllties for the Quarter and six months ended September 30, 2017

(? in Crore)

Particulars

3 months ended

30-09-2017

3 months ended 30·06-2017

3 months ended

30-09-2016

6 months ended

30-09-2017

6 months ended 30-09·2016

Year ended 31-03-2017

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

1. Segment Revenue

Rent Income/Leasing Manufacturing and Trading

Revenue from Operations

2 . Segment Results

Rent Income/Leasing Manufacturing and Trading

Total Segment Profit Before Interest and Tax Less :

Finance Costs

Net Unallocated Expenditure /(Income) Total Profit / (Loss) Before Tax

3. Segment Assets

Rent Income/Leasing Manufacturing and Trading Unallocated

Total Assets

4 . Segment liabilities

Rent Income/Leasing Manufacturing and Trading Unallocated

Total liabilities

193.43

190.71

163.49

384.14

318.05

676.60

917.21

850.67

771.76

1,767.88

1,538.39

3,105.49

1,110.64

1,041.38

935.25

2,152.02

1,856.44

3,782.09

22.26

21.72

1.89

43.98

11.05

44.17

101.76

93.12

104.88

194.88

183.07

358.35

124.02

114.84

106.77

238.86

194.12

402.52

144.85

140.75

128.45

285.60

241.63

507.61

(18.89)

19.55

0.98

0.66

(168.09)

(148.65)

(1.94)

(45.46)

(22.66)

(47.40)

120.58

43.56

6,508.05

6,260.09

6,054.19

6,508.05

6,054.19

6,147.97

1,763.24

1,520.24

1,371.93

1,763.24

1,371.93

1,491.32

2,319.66

2,672.71

2,747.92

2,319.66

2,747.92

2,593.73

10,590.95

10,453.04

10,174.04

10,590.95

10,174.04

10,233.02

606.58

644.50

623.78

606.58

623.78

637.75

438.61

346.41

419.17

438.61

419.17

403.68

79.01

76.57

81.06

79.01

81.06

77.27

1,124.20

1,067.48

1,124.01

1,124.20

1,124.01

1,118.70

Future Enterprises Ltd. { formerly - Future Retail Limited). CIN LS2399MH1987PLC044954

Regd. Off.:Knowledge House . Shyam Nagar . Off Jogeshwari - Vikhroli Link Road .Jogeshwarr (East) . Mumbai 400 060 P +91 22 6644 2200 . F +91 22 6644 2201 .www.felindia.in.

Corp.Off.:247 Park .Tower C .4th Floor . LBS Marg .Vikhroli (W) . Mumbai - 400 083. P +91 22 6119 0000

Future Enterprises Limited published this content on 13 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 November 2017 11:58:09 UTC.

Original documenthttp://felindia.in/pdf/Outcome_of_Board_Meeting_13.11.2017.pdf

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