JKCEMENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses01Member JKCEMENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses02Member JKCEMENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares JKCEMENT 2019-04-01 2020-03-31 2019-07-01 INR Lakhs First quarter Single segment Cement and Cement related products 2019-04-01 2019-06-30 Unaudited Consolidated 13939289000.00 173419000.00 14112708000.00 2222636000.00 59719000.00 -433260000.00 1106377000.00 648677000.00 642594000.00 7901071000.00 12147814000.00 1964894000.00 0.00 1964894000.00 715744000.00 -73904000.00 641840000.00 0.00 1323054000.00 0.00 0.00 0.00 0.00 1323054000.00 18165000.00 1341219000.00 1323054000.00 0.00 18165000.00 0.00 772683000.00 10 17.12 17.12 0.00 0.00 17.12 17.12 1. The Consolidated financial results include the results of the Company, one subsidiary located in India and three subsidiaries located outside India [together referred as the “Group”]. These financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of Group have been prepared in accordance with Ind AS 110 – Consolidated financial statements”. n2.(i) Competition Commission of India (CCI) vide its order dated 31.8.2016 imposed a penalty of Rs.12,854 lakhs on the Company. The Appeal was heard whereupon National Company Law Appellate Tribunal (NCLAT) vide order dated 25.7.2018 upheld CCI’s order. The Company has filed statutory appeal before the Hon'ble Supreme Court, which vide its order dated 5.10.2018 has admitted the appeal, and directed that the interim order of stay passed by the Tribunal in this matter will continue for the time being. The Company, backed by legal opinion, believes that it has a good case and accordingly no provision has been made in the books of accounts. n2.(ii) In a separate matter, CCI imposed penalty of Rs.928 lakhs vide order dated 19.1.2017 for alleged contravention of provisions of Competition Act, 2002 by the Company. On Company’s appeal, NCLAT has stayed the operation of CCI’s order. The matter is pending for hearing before NCLAT. Based on legal opinion, the Company believes it has a good case and accordingly, no provision has been made in the books of accounts. n3. The Group has adopted IND AS 116 - Leases, effective April 1,2019 as notified by The Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standards) Amendment Rules 2019, using modified retrospective method. The adoption of this standard does not have any material impact on the consolidated profit and earnings per share for the quarter. n4. The Company is engaged in one business segment only i.e. cement and cement related products. n5. The Group is submitting the quarterly consolidated financial results for the first time in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with circular no. CIR/CFD/CMD1/44/2019 dated March 29, 2019. n6. Till previous financial year, subsidiaries located outside India i.e. J.K. Cement (Fujairah) FZC and J.K. Cement Works (Fujairah) FZC (“foreign subsidiaries”) were using 31 December as the year end and consolidated on a yearly basis with a time lag of one quarter. From the current year, the reporting period of the foreign subsidiaries have changed to align with that of Parent (31 March) for preparation of financial results for the relevant period. This change in management estimate will apply prospectively in preparation of the consolidated financial statements for the year ended March 31, 2020 and accordingly the foreign subsidiaries shall be preparing financial statements for the 15 - month period ended March 31, 2020 comprising the above consolidated reported figures for the quarter ended March 31, 2019 and June 30, 2019. Accordingly, the above consolidated reported figures have been presented as below: n - For the quarter ended June 30, 2019 and March 31, 2019 financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on Aug 3, 2019. The statutory auditors have carried out limited review of the same. n - For the quarter ended June 30, 2018 extracted financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on Aug 3, 2019 and have not been subjected to review by the statutory auditors of the Company. n Freight and Forwarding 2617338000.00 Other Expenses 2512019000.00 Power and Fuel 2771714000.00