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Publishing Quarterly/Half-Yearly results by Listed Companies

The Listing Agreement [LA] entered into by listed companies with stock exchange(s) [SEs] requires under clause 41 publishing of quarterly/half-yearly results by listed companies. The requirements are listed hereunder :

1) Quarterly Results [QR]

  1. A company shall publish unaudited financial results on quarterly basis as per proforma given hereafter within one month of the end of the quarter to the SEs and immediately after market hours on the date of Board Meeting
  2. The results shall also be published in a daily newspaper with national circulation and in one regional 
    language daily newspaper within 48 hours of the Board Meeting.
  3. The results shall be signed by the MD/Director
  4. At least 7 days before the Board Meeting, the company shall inform the SEs about the Board Meeting
  5. Any change of name in the company suggesting new line of business should disclose the turnover and income, etc. from the new activities separately for 3 years from the date of name change
  6. The unaudited results should not substantially differ from the audited results by 20% otherwise reasons for the difference should be explained to the SEs
  7. Unaudited QR for the last quarter need not be published if the company informs the SE in advance that it will publish audited results within 3 months from the end of the accounting year of the company
  8. The QR shall be prepared on the basis of accrual accounting policy and in accordance with uniform accounting practices adopted for all the periods on quarterly basis
  9. With effect from quarter ending on or after June, 2003 the QR shall be subjected to Limited Review by the auditors.
  10. The format of limited review report (LRR) is given hereafter.
  11. The LRR shall be submitted to the SEs within 2 months of the close of the quarter."
  12. The company will have the option to publish consolidated quarterly financial results in addition to the unaudited quarterly financial results of the parent company as required under this clause
  13. The company will publish its Annual Results in the same format as prescribed for quarterly results in this clause

2) Half-Yearly Results [HYR]

  1. The HYR shall be in the same format as the QR and shall be subject to limited review by the auditors [discussed separately]
  2. The format of limited review report [LRR] is given hereafter
  3. The LRR shall be submitted to the SEs within 2 months of the end of the half-year
  4. The QR of the 2 quarters contained in the half-year should not vary more than 20% of its sum total otherwise a statement of reasons should be sent to the SEs
  5. To the extent possible, requirements in items relating to QR shall apply to HYR also.

FORMAT OF UNAUDITED FINANCIAL RESULTS FOR THREE MONTHS ENDED XX-XX-20XX

Part I           (₹ In lakhs)
Particulars 3 months ended Preceding 3 months ended Corresponding 3 months ended in the previous year Year to date figures for current period ended Year to date figures for the previous year ended Previous accounting  year ended 
(dd/mm/yyyy)  (dd/mm/yyyy)  (dd/mm/yyyy)  (dd/mm/yyyy) (dd/mm/yyyy)  (dd/mm/yyyy)  (dd/mm/yyyy)
1. Income from operations

(a) Net Sales/Income from Operations

(b) Other Operating Income

2. Expenditure

(a) Cost of materials consumed.

(b) Purchase in stock-in-trade

(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade

(d) Employees benefits expenses

(e) Depreciation and Amortisation Expense

(f) Other expenditure

"Total
(Any item exceeding 10% of the total expenditure to be shown separately)"

3. Profit/(Loss) from operations before other income, finance costs and exceptional items (1±2)

4. Other Income

5. Proftit / Loss from ordinary activity before finance costs and exceptional 
items (3±4)

6. Finance costs

7. Profit / (Loss) from ordinary activities after finance costsbut before 
exceptional items (5±6)

8. Exceptional items

9. Profit / (Loss) from Ordinary Activities before tax (7±8)

10. Tax expense

11. Net Profit / (Loss) from Ordinary Activities after tax (9±10)

12. "Extraordinary Item (net of tax expense ₹____)"

13. Net Profit / (Loss) for the period (11 ± 12)

14. Share of Profit / (Loss) of associates*

15. Minority interest*

16. "Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates. (13 ± 14 ± 15)*"

17. Paid-up equity share capital (Face Value of the Share shall be indicated)

18. Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year

19. (i) "Earnings Per Share (EPS)”
(before extraordinary items ) 
(of ₹____/- each) (not annualised):

  1. Basic
  2. Diluted

20. (ii) "Earnings Per Share (EPS)” (after extraordinary items )
(of ₹____/- each) (not annualised):

  1. Basic
  2. Diluted

A Particulars of Shareholding

1. Public Shareholding

No. of shares

Percentage of 
shareholding

2. Promoters and  promoter group  shareholding **

  1. Pledged/Encumbered

Number of shares

Percentage of shares  (as a% of the total  shareholding of  promoter and 
promoter group)

Percentage of shares (as a% of the total  share capital of the  company)

  1. Non-encumbered

Number of Shares

Percentage of shares 
(as a% of the total shareholding of promoter and promoter group)

Percentage of shares 
(as a % of the total share capital of the company)

B Investor Complaints

Pending at beginning of quarter

Received during the quarter

Disposed of during the quarter

Remaining unresolved at the end of the quarter

 

            

*Applicable in case of consolidated results.

Note: The classification/disclosure of items in the financial results shall be in accordance with the Revised Schedule VI of the Companies Act, 1956. Further to the above, profit/loss from discontinuing operations, if any, included in the above shall be disclosed with details thereof.

Format for Newspaper Publishing Purpose (Standalone/Consolidated)

Particulars Quarter ending/ Current Year ending Year to date figures/ Previous Year ending Corresponding 3 months ended in the previous year
Total Income from Operations      
Net Profit / (Loss) for the period (before Tax, Exceptional and/or Extraordinary items#)      
Net Profit / (Loss) for the period before tax (after Exceptional and/or Extraordinary items#)      
Net Profit / (Loss) for the period after tax (after Exceptional and/or Extraordinary items#)      
Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]      
Equity Share Capital      
Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet of the previous year      
Earnings Per Share (of Rs. ___ /- each) (for continuing and discontinued operations) –

(a) Basic

(b) Diluted

      

Note:

a) The above is an extract of the detailed format of Quarterly/Annual Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly/Annual Financial Results are available on the websites of the Stock Exchange(s) and the listed entity. (URL of the filings).

b) The impact on net profit / loss, total comprehensive income or any other relevant financial item(s) due to change(s) in accounting policies shall be disclosed by means of a footnote.

c) # - Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind-AS Rules / AS Rules, whichever is applicable.

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