HIL2023-10-012023-12-31 HIL2023-10-012023-12-31 HIL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member HIL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member HIL2023-12-31 HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue04Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue05Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue04Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue05Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults04Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults05Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults04Member HIL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults05Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets04Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets05Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member HIL2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member HIL2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member HIL2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member HIL2023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member HIL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities05Member HIL2023-12-31in-bse-fin:OneReportableSegmentLiabilities05Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509675 HIL NOTLISTED HIL Limited Equity 2023-04-01 2024-03-31 2024-02-02 2024-01-23 INR Lakhs Third quarter 12:00:00 14:20:00 2024-02-02 2024-02-02 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Standalone 5093200000.00 106500000.00 5199700000.00 2850600000.00 257600000.00 -96100000.00 492900000.00 28500000.00 173900000.00 1408200000.00 5115600000.00 84100000.00 0.00 84100000.00 21600000.00 -4700000.00 16900000.00 0.00 67200000.00 0.00 0.00 0.00 0.00 67200000.00 0.00 67200000.00 0.00 0.00 75700000.00 757 8.91 8.91 0.00 0.00 8.91 8.91 1. The financial results of HIL Limited ( the Company ) have been prepared in accordance with Indian Accounting Standards ( Ind AS ) prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. The above results for the quarter and nine months ended 31 December 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 02 February 2024. The statutory auditors have expressed an unmodified review opinion on these results. 3. The Board of Directors has approved an interim dividend of INR 15.00 Per Share (150%) on Equity Shares of INR 10/- each on 02 February 2024 and have fixed 14 February 2024 as the record date to determine the eligible shareholders entitled to receive the dividend. The said dividend will be paid to all eligible shareholders within 30 days from the date of declaration. 4. Where financial results contain both consolidated and standalone financial results of the parent, segment information is required to be presented only in the consolidated financial results. Accordingly, segment information has been presented in the consolidated financial results. 5. Current tax for the nine months ended 31 December 2022 and year ended 31 March 2023 includes reversal of income-tax expense of earlier years amounting to INR 837 lacs on account of receipt of assessment orders from Income Tax Appellate Tribunal. 6. During the year ended 31 March 2023, the Company has received demand from Goods and Services Tax Department, Government of Tamil Nadu, Chennai amounting to INR 7160 lacs for the period 01 July 2017 to 31 August 2022, with regards to HSN (Harmonized System Nomenclature) Classification code of one of the product sold by the Company. Aggrieved by the same, the Company has challenged the said Orders by filing Appeals before Deputy Commissioner (Appeals), Chennai. During the nine months ended 31 December 2023, the Appellate Authority passed an order confirming the said demand. The Company is exploring further course of action. Further during the quarter ended 31 December 2023, a demand for an amount of INR 470 lacs was received by the Company from Goods and Services Tax Department, Government of Tamil Nadu, Chennai on this matter for the period 01 September 2022 to 31 March 2023. As on 31 December 2023, the Company has considered the aforesaid amount of INR 7630 lacs as Contingent Liability. 7. Certain assets of the Company classified under Assets held for sale category have been sold during the nine months ended 31 December 2023. Profit arising on the transaction amounting to INR 3651 lacs for the nine months ended 31 December 2023 is presented as Exceptional item in the above results. 8. Pursuant to the HIL Limited Employee Stock Option Scheme 2023, the Nomination and Remuneration Committee has approved the grant of 56054 options during the quarter ended 30 September 2023 and 9602 stock options during the quarter ended 31 December 2023 to eligible employees. These options are fair valued by the Company based on the valuation report from an independent valuer. 9. During the nine months ended 31 December 2023, the Company has provided a loan of Euro 4 million to its wholly owned subsidiary (WOS), HIL International GmbH on 14 August 2023. The loan is repayable after a period of three years from the date of disbursement and carries an interest at 8% p.a payable annually. Further, the Company has issued a corporate guarantee (CG) of Euro 33.705 million at a commission of 0.50% p.a on the outstanding CG amount, in favour of WOS on 27 September 2023 in respect of loan taken by WOS from ICICI bank UK PLC, Germany. Multi segment 2023-04-01 2023-12-31 Unaudited Standalone 16967500000.00 234200000.00 17201700000.00 8947000000.00 1190100000.00 -170600000.00 1425500000.00 66400000.00 500200000.00 4330000000.00 16288600000.00 913100000.00 365100000.00 1278200000.00 341600000.00 -52600000.00 289000000.00 0.00 989200000.00 0.00 0.00 0.00 0.00 989200000.00 800000.00 990000000.00 0.00 0.00 75700000.00 757 131.22 131.22 0.00 0.00 131.22 131.22 Other Expenses 1408200000.00 Other Expenses 4330000000.00 Building Solutions 1376500000.00 Flooring Solutions 0.00 Others 11300000.00 Polymer Solutions 1442900000.00 Roofing Solutions 2268200000.00 Building Solutions 3995900000.00 Flooring Solutions 0.00 Others 52800000.00 Polymer Solutions 4026700000.00 Roofing Solutions 8920700000.00 5098900000.00 16996100000.00 5700000.00 28600000.00 5093200000.00 16967500000.00 Building Solutions 37800000.00 Flooring Solutions 0.00 Others 2900000.00 Polymer Solutions 72000000.00 Roofing Solutions 164000000.00 Building Solutions 175400000.00 Flooring Solutions 0.00 Others 39700000.00 Polymer Solutions 143800000.00 Roofing Solutions 1137900000.00 276700000.00 1496800000.00 21300000.00 45300000.00 171300000.00 During the nine months ended 31 December 2023, Construction Chemicals business has been moved from Roofing Solutions to Polymer Solutions in view of the high synergy seen in the retail space for these products. Accordingly, Chief Operating Decision Maker (CODM) started reviewing the business performance of Construction chemicals business along with Polymer Solutions. Hence, the Company has changed its operating segments and has restated previously reported information to conform to current period presentation. 173300000.00 84100000.00 1278200000.00 Building Solutions 4400000000.00 Flooring Solutions 0.00 Others 299300000.00 Polymer Solutions 2841400000.00 Roofing Solutions 5394900000.00 12935600000.00 5096200000.00 18031800000.00 Building Solutions 975900000.00 Flooring Solutions 0.00 Others 16200000.00 Polymer Solutions 835200000.00 Roofing Solutions 2010600000.00 3837900000.00 2224200000.00 6062100000.00 0.00 1100000.00 0.00 300000.00