IGL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member IGL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses02Member IGL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member IGL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares IGL 2019-04-01 2020-03-31 2019-10-30 INR Crores Half yearly Single segment natural gas 2019-07-01 2019-09-30 Unaudited Consolidated 18728300000.00 389600000.00 19117900000.00 0.00 9904500000.00 500000.00 363600000.00 18100000.00 621400000.00 4533300000.00 15441400000.00 3676500000.00 0.00 3676500000.00 561600000.00 -619000000.00 -57400000.00 0.00 3733900000.00 0.00 0.00 0.00 424300000.00 4158200000.00 -2600000.00 4155600000.00 0.00 0.00 0.00 0.00 1400000000.00 2 5.94 5.94 0.00 0.00 5.94 5.94 1tThe consolidated financial results of Indraprastha Gas Limited ('IGL' or the 'Company') for the quarter and six months ended 30 September 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7 November 2019. The statutory auditors of the Company have carried out a limited review of the aforesaid results. n2tThe consolidated financial results for the quarter and six months period ended 30 September 2018 and the cash flow statement for the six months period ended 30 September 2018 has been reviewed by the Audit Committee and approved by the Board of Directors at their aforementioned respective meetings. However, the same were not subjected to limited review by the statutory auditors of the Company. n3tThe above results have been prepared in accordance with the Indian Accounting Standards ('Ind-AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), specified under section 133 of the Companies Act, 2013. n4tDelhi Development Authority (DDA) had raised a total demand of Rs.155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the period 1 April 2007 to 31 March 2014. The Company had filed a writ petition on 11 October 2013 before the Hon'ble High Court of Delhi against the demand raised by DDA as the revised license fees had been increased manifold and made applicable retrospectively from financial year 2007-08. Further, DDA vide communication dated 29 August 2016 had revised the total demand to Rs.330.73 crores for the period upto 31 March 2016. The same was also reported in the previous periods as a contingent liability. nThe matter is pending in the Hon'ble High Court of Delhi and the Company is of the view that such demand is not tenable and accordingly no provision has been made for this aforementioned demand raised by DDA in the books of accounts. n5tThe Company has adopted Ind AS 116 'Leases' effective 1 April 2019, as notified by the Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standard) Amendment Rules, 2019, using modified retrospective method. The adoption of this standard did not have any material impact on the profit of the current period. n6tThe Company's business falls within a single segment in terms of the Indian Accounting Standard 108, 'Operating Segments' and hence no additional disclosures are being furnished. n7tThe Company has elected to exercise the option permitted under section 115BAA of the Income-tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance 2019. Accordingly, the Company has recognised provision for income-tax for the six months ended 30 September 2019 basis the revised rates resulting in a reduction in current tax expense to the extent of Rs. 61.43 crores. The Company has also remeasured its deferred tax liability on the basis of the rate prescribed in the said section resulting in a reversal of net deferred tax liability to the extent of Rs. 81.69 crores. The total resultant impact of the aforementioned tax reduction of Rs. 143.12 crores has been incorporated in these financial results. Further, the impact of excercise of the aforementioned option pertaining to both the associates of the company have also been incorporated in these results. 2019-04-01 2019-09-30 Unaudited Consolidated 36169000000.00 743600000.00 36912600000.00 0.00 19123500000.00 -1500000.00 730300000.00 34400000.00 1226100000.00 8805700000.00 29918500000.00 6994100000.00 0.00 6994100000.00 1630400000.00 -484700000.00 1145700000.00 0.00 5848400000.00 0.00 0.00 0.00 760200000.00 6608600000.00 -5200000.00 6603400000.00 0.00 0.00 0.00 0.00 1400000000.00 2 9.44 9.44 0.00 0.00 9.44 9.44 Other Expenses 2729500000.00 excise duty 1803800000.00 Other Expenses 5322400000.00 excise duty 3483300000.00