GABRIEL2023-10-012023-12-31 GABRIEL2023-10-012023-12-31 GABRIEL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member GABRIEL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member GABRIEL2023-12-31 GABRIEL2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GABRIEL2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GABRIEL2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GABRIEL2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member GABRIEL2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member GABRIEL2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505714 GABRIEL NOTLISTED Gabriel India Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-02-01 INR Millions Third quarter 12:00:00 15:50:00 2024-02-08 2024-02-08 Not applicable Single segment Auto Components and Parts 2023-10-01 2023-12-31 Unaudited Consolidated 8154340000.00 38510000.00 8192850000.00 5911160000.00 91420000.00 73720000.00 525780000.00 15770000.00 143950000.00 850160000.00 7611960000.00 580890000.00 0.00 580890000.00 133860000.00 34570000.00 168430000.00 0.00 412460000.00 0.00 0.00 0.00 0.00 412460000.00 -980000.00 411480000.00 0.00 0.00 0.00 0.00 143640000.00 1 2.87 2.87 0.00 0.00 2.87 2.87 1. These financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles. 2. The above results have been reviewed by the Audit Commitee and approved by the Board of Directors at their meeting held on February 08, 2024. The Statutory Auditors have expressed an unmodified report on the results. 3. On April 28, 2023 the Company has accquired 100% equity shares of Inalfa Gabriel Sunroofs Systems Private Limited ('IGSSPL') and entered into a technical collaboration agreement with Inalfa Roof Systems Group B.V., of the Netherlands ('Inalfa') to undertake the activites of manufacture and sale of automotive sunroofs through IGSSPL. The Board of Directors of the Company has also accorded its approval to execute the joint venture agreement between Inalfa and the Company, subject to receipt of requisite approvals, pursuant to which the shareholding of Inalfa and the Company in IGSSPL will be in ratio of 51:49 oin accordance with the terms contained therein. 4. On July 14, 2023, the Company had incorporated a wholly owned subsidiary Gabriel Europe Engineering Centre ('G.E.E.C') in Belgium to undertake research and development of vehicle components. 5. As the Company's business activity falls within a single operating segment viz. auto components and parts , no segment information is required to be disclsoed. 6. The Code on Social Security, 2020 ('Code'), relating to employee benefits during employment and post- employment, received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the Gazatte of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. 7. The Company had recieved an assessment order dated October 31, 2023 under Goods and Service Tax Act, 2017 pertaining to financial year 2017-18 from the office of commercial tax of Tamil Nadu, raising a total demand of Rs. 1,302.50 million (including interest and penalties). Department has assessed the liability on account of mismatch in GST reconciliation, Input tax credit, liability under reverse charge mechanism. The Company had filled a writ petition in Madras High Court against the Order and obtained a stay on the above mentioned order and further has been remanded back to the appropriate authorities. There is no foreseeable impact on financials operations or other activities of the Company due to this order. 8. The financial results for the nine months period ended December 31, 2023 are the first consolidated financial results of the Group, hence there are no corresponding figures for the prior periods. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 24856490000.00 135360000.00 24991850000.00 18399330000.00 287130000.00 -78010000.00 1564080000.00 59260000.00 422690000.00 2562770000.00 23217250000.00 1774600000.00 0.00 1774600000.00 472870000.00 4670000.00 477540000.00 0.00 1297060000.00 0.00 0.00 0.00 0.00 1297060000.00 -13810000.00 1283250000.00 0.00 0.00 0.00 0.00 143640000.00 1 9.03 9.03 0.00 0.00 9.03 9.03 Other Expenses 850160000.00 Other Expenses 2562770000.00 Remeasurement of post-employement benefit obligations -320000.00 Remeasurement of post-employement benefit obligations -21540000.00 -320000.00 -21540000.00 -80000.00 -5420000.00 Net gains/ (loss) on cash flow hedges -1040000.00 Exchange Differences on translating the financial statements of foreign operations 40000.00 Net gains/ (loss) on cash flow hedges 3030000.00 Exchange Differences on translating the financial statements of foreign operations 40000.00 -1000000.00 3070000.00 -260000.00 760000.00