MINDACORP2023-10-012023-12-31 MINDACORP2023-10-012023-12-31 MINDACORP2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MINDACORP2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MINDACORP2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 538962 MINDACORP NA Minda Corporation Limited Equity 2023-04-01 2024-03-31 2024-02-01 2024-01-23 INR Lakhs Third quarter 15:15:00 18:35:00 2024-02-01 2024-02-01 Not applicable Single segment Automotive 2023-10-01 2023-12-31 Unaudited Standalone 9690100000.00 19000000.00 9709100000.00 5613900000.00 403500000.00 -129400000.00 1581700000.00 139200000.00 342100000.00 1091100000.00 9042100000.00 667000000.00 0.00 667000000.00 254300000.00 -30500000.00 223800000.00 0.00 443200000.00 0.00 0.00 0.00 0.00 443200000.00 681700000.00 1124900000.00 1124900000.00 0.00 478200000.00 2 1.85 1.85 0.00 0.00 1.85 1.85 1) The above Statement of Unaudited Standalone Financial Results for the Quarter and Nine months ended December 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 01, 2024. The statutory auditors of the Company have conducted Limited Review of these unaudited standalone financial results pursuant to regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The financial results along with the report of the Statutory auditors has been filed with the Stock Exchanges and is also available on the Company's website at www.sparkminda.com. 2) These Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 and read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as amended. 3) As per Ind-AS 108, Operating segments have been defined based on the regular review by the Company’s Chief Operating Decision Maker to assess the performance of each segment and to make decision about allocation of resources. The Company's business activities fall within single primary operating segment, viz, manufacturing of Automobile Components and Parts thereof. Accordingly, disclosures under Ind AS 108, Operating Segments are not required to be made. 4) Exceptional item represent impairment of the investment made in one of its associates. The Company had also recognized deferred tax assets on such loss in the previous year's financial results/ statement. 5) The Company, in earlier years, had made impairment provision amounting to Rs. 26,225 lakhs (regarding Investment, Loan and other recoverable) in the books of accounts, with respect to its exposure related to recovery of said balances in erstwhile wholly owned subsidiary Minda KTSN Plastic Solutions Gmbh & Co. KG, Germany (KTSN, Germany). The Company was unsure of the statutory provisions regarding write off under various rules and Act. The Company had re-assessed the applicability of write off and had written off in view of recent updated FEMA Guidelines the same in the March 31, 2023 quarter of the financial year 2022-2023. The said write off was based on the progress report of insolvency proceedings and communication received from the insolvency administrator of KTSN, Germany as there was no probability of Company receiving any claim out of the insolvency proceedings. Further, the Company based on its own assessment, and opinions obtained from independent experts had considered that such write off shall be admissible as a tax allowance and had claimed in its return of income for the year ended March 31, 2023. Accordingly, the Company had considered tax impact of above write off and accordingly income tax provision amounting to Rs. 4,869 lakhs had been reversed in the March 31, 2023 quarter. 6) Net gain / (loss) on equity instruments through Other Comprehensive Income (OCI) represents the fair value gain / loss component on investments in equity instruments fair valued through OCI in accordance with Ind AS 109 Financial Instruments . Subsequent to quarter ended December 31, 2023, the Company had sold its entire stake on January 17, 2024 comprising of 1,91,40,342 equity shares acquired representing 15.70406% of the paid-up share capital of Pricol Limited and also true-up the tax impact of the same in the current quarter. 7) The Board of Directors of the Company has proposed interim dividend of Rs. 0.50 per equity share (25%) (face value of Rs. 2 per share) aggregating to Rs. 1,195.40 lakhs for the year 2023-2024 in its meeting held on February 01, 2024. 8)The figures of corresponding previous period / year have been regrouped / reclassified, wherever necessary. 9) Numbers for Tax adjustments related to earlier years included in Deferred tax. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 28399000000.00 55700000.00 28454700000.00 16706600000.00 1041700000.00 -261700000.00 4648700000.00 429400000.00 1000400000.00 3112600000.00 26677700000.00 1777000000.00 0.00 1777000000.00 497300000.00 10400000.00 507700000.00 0.00 1269300000.00 0.00 0.00 0.00 0.00 1269300000.00 2731200000.00 4000500000.00 4000500000.00 0.00 478200000.00 2 5.31 5.31 0.00 0.00 5.31 5.31 Other Expenses 1091100000.00 Other Expenses 3112600000.00 978000000.00 3305900000.00 296300000.00 574700000.00