SMLISUZU2024-01-012024-03-31 SMLISUZU2024-01-012024-03-31 SMLISUZU2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SMLISUZU2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SMLISUZU2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505192 SMLISUZU NOTLISTED SML Isuzu Limited Equity 2023-04-01 2024-03-31 2024-05-23 2024-05-06 INR Crores Yearly 11:15:00 14:54:00 2024-05-23 2024-05-23 true Cash Flow Indirect Declaration of unmodified opinion Single segment COMMERCIAL VEHICLE 2024-01-01 2024-03-31 Audited Standalone 6796000000.00 20200000.00 6816200000.00 4981000000.00 204400000.00 -32000000.00 504100000.00 107200000.00 121000000.00 426500000.00 6312200000.00 504000000.00 0.00 504000000.00 800000.00 -20000000.00 -19200000.00 0.00 523200000.00 0.00 0.00 0.00 0.00 523200000.00 12000000.00 535200000.00 0.00 0.00 144800000.00 10 36.14 36.14 0.00 0.00 36.14 36.14 1 The above audited results were reviewed by the Audit Committee on 22 May 2024 and approved by the Board of Directors in their meeting held on 23 May 2024. The above results for the year ended 31 March 2024 have been audited by the Statutory Auditors of the Company. The unmodified audit report of the Statutory Auditors is being filed with the BSE and National Stock Exchange Limited. For more details on the audited results, visit ‘disclosure’ section of our website at www.smlisuzu.com and ‘Financial Results’ in ‘Corporates’ section of www.nseindia.com and www.bseindia.com. 2 The above financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 (‘the Act’) read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time, and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 3 The Company is primarily engaged in the business of manufacturing of commercial vehicles and related components which constitutes a single business segment and accordingly, disclosure requirements of Ind AS 108, ‘Operating Segments’ are not required to be given. As defined in Ind AS 108, the Chief Operating Decision Maker (CODM), i.e. the Board of Directors, evaluates the performance of the Company and allocates resources based on the analysis of the various performance indicators of the Company as a single unit. 4 The Company has unrecognized deferred tax assets of Rs. 30.52 crores on unabsorbed depreciation and unused tax losses of Rs. 121.28 crores as on 31 March 2023. During the current year, the Company has recognized entire amount of unrecognized deferred tax asset considering current profits and sufficient future taxable profits based on projections. 5 In September 2010, the Company had initiated arbitration proceedings against the Delhi Metro Railway Corporation (DMRC) seeking compensation for losses due to cancellation of a contract. The Company had won an arbitral award in August 2014 allowing claims of Rs. 11.52 crores which was challenged by DMRC before Hon'ble High Court of Delhi (‘High Court’). During the year, the Company filed an Execution Petition before High Court for enforcement of Arbitration Award and High Court directed the release of the said amount to the Company, subject to satisfaction of the Registrar General on submission of security. The amount of Rs. 11.52 crores was released to the Company on 30 March 2024, upon furnishing bank guarantee. The management is expecting a favorable outcome based on the evaluation of the case. As the case filed by DMRC is presently sub-judice and bank guarantee has been furnished, the management has recorded a provision for contingencies of Rs. 11.52 crores in the financial results. 6 The figures for the quarter ended 31 March 2024 and the corresponding quarter ended in the previous year, as reported in these financial results, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. 7 The Board of Directors has considered and recommended a final dividend of 160 % (Rs. 16 per equity share of Rs. 10 each fully paid up) amounting to Rs. 23.15 crores, subject to approval by the shareholders at the ensuing Annual General Meeting. 8 The CEO and CFO have certified these results under Regulation 33(2) of SEBI (LODR) Regulations, 2015. Single segment 2023-04-01 2024-03-31 Audited Standalone 21959300000.00 54100000.00 22013400000.00 17548100000.00 784100000.00 -1358900000.00 1956900000.00 303500000.00 475200000.00 1240000000.00 20948900000.00 1064500000.00 0.00 1064500000.00 800000.00 -15100000.00 -14300000.00 0.00 1078800000.00 0.00 0.00 0.00 0.00 1078800000.00 -2400000.00 1076400000.00 0.00 0.00 144800000.00 10 0.00 74.54 74.54 0.00 0.00 74.54 74.54 Other Expenses 426500000.00 Other Expenses 1240000000.00 2672000000.00 25700000.00 0.00 0.00 733100000.00 80100000.00 0.00 0.00 0.00 0.00 20200000.00 29400000.00 49600000.00 190800000.00 127800000.00 3879100000.00 5797300000.00 0.00 1689700000.00 348200000.00 138700000.00 6700000.00 13300000.00 2196600000.00 0.00 252200000.00 8246100000.00 0.00 0.00 12125200000.00 144800000.00 2711100000.00 2855900000.00 2855900000.00 403500000.00 0.00 149000000.00 552500000.00 502800000.00 0.00 0.00 18500000.00 1073800000.00 3753000000.00 3318800000.00 143400000.00 7215200000.00 655200000.00 323600000.00 1500000.00 0.00 8195500000.00 0.00 0.00 9269300000.00 12125200000.00 303500000.00 -1605500000.00 -934300000.00 0.00 75000000.00 -10100000.00 -300000.00 -6200000.00 0.00 405700000.00 0.00 -533200000.00 1900000.00 475200000.00 0.00 156500000.00 98900000.00 18800000.00 5500000.00 0.00 0.00 20700000.00 0.00 0.00 0.00 0.00 0.00 21700000.00 0.00 -1547600000.00 -483100000.00 0.00 0.00 0.00 13700000.00 0.00 -496800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52300000.00 424300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19400000.00 0.00 -105400000.00 0.00 -458000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1752900000.00 177400000.00 0.00 23400000.00 2800000.00 284000000.00 0.00 2800000.00 1268100000.00 313300000.00 0.00 313300000.00 34900000.00 348200000.00 16100000.00 -3200000.00 4100000.00 -800000.00 0.00 0.00