GRAVITA2023-10-012023-12-31 GRAVITA2023-10-012023-12-31 GRAVITA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member GRAVITA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member GRAVITA2023-12-31 GRAVITA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member GRAVITA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member GRAVITA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member GRAVITA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue04Member GRAVITA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue05Member GRAVITA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member GRAVITA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member GRAVITA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member GRAVITA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue04Member GRAVITA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue05Member 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GRAVITA2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GRAVITA2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GRAVITA2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533282 GRAVITA NOTLISTED Gravita India Limited Equity 2023-04-01 2024-03-31 2024-01-23 2024-01-16 INR Crores Third quarter 13:00:00 14:00:00 2024-01-23 2024-01-23 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 7577700000.00 154400000.00 7732100000.00 6179300000.00 10300000.00 -88100000.00 334400000.00 130000000.00 90200000.00 338300000.00 6994400000.00 737700000.00 0.00 737700000.00 132400000.00 -9400000.00 123000000.00 0.00 614700000.00 0.00 0.00 0.00 0.00 614700000.00 4100000.00 618800000.00 602700000.00 12000000.00 607100000.00 11700000.00 138100000.00 2 8.74 8.74 0.00 0.00 8.74 8.74 0.00 0.00 0.00 1.The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors as its meeting held on January 23,2024.The limited review,as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 has been completed by the Statutory Auditors.These consolidated financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards('IndAS') notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), as specified in section 133 of the Companies Act, 2013. 2.Key numbers of standalone financial results are given below .The standalone financial results of the Holding Company are available on the website of the Holding Company.(www.gravitaindia.com) 3.As at 31 December2023,1,000,000shares (previous period:1,380,500shares)of face value of Rs.2 each,are held by Gravita Employee Welfare Trust.Further,the proceeds from the sale of 380,500 shares, net of liability payable by the Gravita Employee Welfare Trust, will be used for the benefit of the employees of the Group. 4.During the quarter and nine months ended December31,2023,the Holding Company has recognised Minimum Alternate Tax credit amounting to Rs.1.00croresandRs.5.00 crores, respectively, based on the management's estimate of future taxable profits. 5.During the previous quarter ended 30 September2023,380,500 shares of face value of Rs.2 each of the Holding Company,held by the Gravita Employee Welfare Trust (‘theTrust’ has been sold in the open market and the proceeds from the sale of such shares,net of liability payable by the Trust,will be recognize for the welfare of the employees of the Group as per the requirement of the Trust Deed.The Holding Company has no legal right or control towards the utilization of funds as accumulated in theTrust by sale of its investment in the open market.The Trust being an independent entity has sole responsibility/obligation to utilize the fund forthewelfare of beneficiaries (employees of the Group) as per the terms of the trust deed.IndAS102‘Share-based payment’ requires an entity to reflect in its profit or loss and financial position,the effects of share-based payment transactions,including expenses associated with the transactions in which share options are granted to employees.During the previous reporting periods,the Holdin Company had recorded the transactions as per Ind AS 102 and in the previous quarter, the Gravita Stock Appreciation Rights Scheme, 2017 (the ‘Scheme’) has been terminated.Post termination of the Scheme,the Trust has no obligation to make payment under any share-based payments cheme.TheTrust will act independently and make distribution/usage of fund as per the purpose defined in the trust deed.For the aforesaid reason,the management of the Group is of the view that distribution /utilisation for the employee benefits,equivalent to appreciation,net of liability of the Trust,if any,received by the Trust by selling the investment in the open market amounting to Rs.20.67 crores, will not be recognised in Holding Company’s consolidated statement of profit and loss,as the transaction is not covered under Ind AS102.The Group believe that all the appreciation on sale of such shares by the Trust pertains to the employees of the Group and will be utilised for the welfare of the employees by the Trust and there would not be any impact on the consolidated financial results.TheGroup has directly debited ‘other equity’with the same amount towards creating a liability forutilisation of said amount fortheemployee welfare.Based on the independent opinion and its assessment, management of the Group is of the view that accounting treatment has been done appropriately in the consolidated financial results. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 22973400000.00 529200000.00 23502600000.00 18594500000.00 120500000.00 -180600000.00 1041600000.00 368700000.00 255100000.00 1283500000.00 21483300000.00 2019300000.00 0.00 2019300000.00 290300000.00 400000.00 290700000.00 0.00 1728600000.00 0.00 0.00 0.00 0.00 1728600000.00 -71600000.00 1657000000.00 1702100000.00 26500000.00 1629000000.00 28000000.00 138100000.00 2 24.96 24.96 0.00 0.00 24.96 24.96 0.00 0.00 0.00 Other Expenses 338300000.00 Other Expenses 1283500000.00 Aluminium 523200000.00 Lead 6798000000.00 Others 17800000.00 Plastics 176900000.00 Turnkey projects 61800000.00 Aluminium 1970500000.00 Lead 20137200000.00 Others 32300000.00 Plastics 553500000.00 Turnkey projects 279900000.00 7577700000.00 22973400000.00 0.00 0.00 7577700000.00 22973400000.00 Aluminium 34900000.00 Lead 724500000.00 Others 300000.00 Plastics 22700000.00 Turnkey projects 38400000.00 Aluminium 94200000.00 Lead 1742200000.00 Others 400000.00 Plastics 91400000.00 Turnkey projects 173600000.00 820800000.00 2101800000.00 130000000.00 368700000.00 -46900000.00 -286200000.00 737700000.00 2019300000.00 Aluminium 1531900000.00 Lead 10466100000.00 Others 18000000.00 Plastics 440700000.00 Turnkey projects 334600000.00 12791300000.00 2394500000.00 15185800000.00 Aluminium 1354100000.00 Lead 2456000000.00 Others 27000000.00 Plastics 168000000.00 Turnkey projects 282800000.00 4287900000.00 3493300000.00 7781200000.00 Remeasurement of defined benefit liabilities 1000000.00 Remeasurement of defined benefit liabilities -3000000.00 1000000.00 -3000000.00 400000.00 -1000000.00 Foreign currency translation reserve 3500000.00 Foreign currency translation reserve -69600000.00 3500000.00 -69600000.00 0.00 0.00