VTL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member VTL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses02Member VTL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member VTL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses02Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentRevenue01Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentRevenue02Member VTL2019-07-012019-09-30in-bse-fin:FourReportableSegmentRevenue01Member VTL2019-07-012019-09-30in-bse-fin:FourReportableSegmentRevenue02Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentResults01Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentResults02Member VTL2019-07-012019-09-30in-bse-fin:FourReportableSegmentResults01Member VTL2019-07-012019-09-30in-bse-fin:FourReportableSegmentResults02Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentAssets01Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentAssets02Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentLiabilities01Member VTL2019-09-30in-bse-fin:OneReportableSegmentLiabilities01Member VTL2019-07-012019-09-30in-bse-fin:OneReportableSegmentLiabilities02Member VTL2019-09-30in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares VTL 2019-04-01 2020-03-31 2019-11-01 INR Crores Half yearly Multi segment 2019-07-01 2019-09-30 Unaudited Consolidated 16636700000.00 299500000.00 16936200000.00 9528700000.00 2200000.00 -860600000.00 1507600000.00 337900000.00 825500000.00 3960700000.00 15302000000.00 1634200000.00 0.00 1634200000.00 239200000.00 217800000.00 457000000.00 0.00 1177200000.00 0.00 0.00 0.00 19200000.00 1196400000.00 200000.00 1196600000.00 1165600000.00 30800000.00 1165800000.00 30800000.00 565000000.00 10 20.63 20.45 0.00 0.00 20.63 20.45 0.00 0.00 0.00 1. The consolidated financial results includes result of all its - (i) Subsidiaries - viz Vardhman Acrylics Limited, VMT Spinning Company Limited, VTL Investments Limited, and Vardhman Nisshinbo Garments Company Limited (Joint Venture upto January 22, 2019) and (ii) Associates - viz Vardhman Yarns and Threads Limited, Vardhman Special Steels Limited and Vardhman Spinning and General Mills Limited. n n2. Effective April 1, 2019, the Group has adopted Ind AS 116 Leases , applied to all lease contracts existing on April 1, 2019 using the modified retrospective method along with the transition option to recognise Right of Use asset (ROU) at an amount equal to the lease liability. Accordingly, comparatives for the quarters and half year ended September 30, 2018 and year ended March 31, 2019 have not been retrospectively adjusted. On transition, Right of use asset of Rs. 0.15 crore and a corresponding Lease Liabilities of Rs. 0.15 crore has been recognised as at April 1, 2019. Further, in respect of leases which were classified as operating leases, applying Ind AS 17, Rs. 20.23 crores has been reclassifed from Other Assets to Right of Use Asset . The effect of this adoption is not material on the profit for the period and earnings per share. n n3. The Board of Directors, in its meeting held on August 13, 2019 has approved a Scheme of Amalgamation (the “Scheme”) under Sections 230 to 232 of the Companies Act, 2013 (‘the 2013 Act’) and other applicable provisions of the 2013 Act, as per pooling of interest method, between the Company and its subsidiaries, by the name of Vardhman Acrylics Limited, VMT Spinning Company Limited, VTL Investments Limited, and Vardhman Nisshinbo Garments Company Limited. The amalgamation will be from April 1, 2020 being the appointed date and is subject to shareholders’ and other statutory approvals. n n4. These results have been prepared in accordance with the Indian Accounting Standards (referred to as Ind AS ) 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. n n5. The Company has issued secured, rated listed Redeemable Non-convertible Debentures (NCDs) aggregating to Rs. 499.80 crores for cash at par on private placement basis on September 8, 2017. The NCDs are listed at the Bombay Stock Exchange of India (BSE) and comprise of three series repayable in third, fourth and fifth years and have an overall yield of 7.69% per annum. n nCRISIL has assigned a rating of AA+ with Stable outlook to the said NCDs of the Company on December 28,2018. These NCDs are secured by way of a first pari passu charge over the immovable and movable fixed assets of the Company and it should have fixed asset cover of more than 1.05 times of outstanding amount of NCDs.The Fixed Asset coverage ratio as on September 30, 2019 is 2.26 times. n n6. During the half year ended September 30, 2019, the Company has issued 20,000 equity shares under Employee Stock Options Scheme at Rs. 815 per share. As a result of above, the paid up equity share capital of the Company has increased from Rs. 57.48 crores to Rs. 57.50 crores. n n7. Financial Results has been reviewed by the Audit Committee at its meeting held on November 07, 2019 and approved by the Board of Directors at its meeting held on November 08, 2019. The limited review as required under Regulation 33 of SEBI ( Listing Obligation and Disclosure Requirements) Regulations, 2015, has been completed by the Statutory Auditors. n n8. On September 20, 2019, the Government of India, vide the Taxation Laws (Amendment) Ordinance 2019, inserted Section 115BAA in the Income Tax Act, 1961, which provides domestic companies an option to pay corporate tax at reduced rate effective April 01, 2019, subject to certain conditions. The Group is currently in the process of evaluating this option. 2019-04-01 2019-09-30 Unaudited Consolidated 33140300000.00 626700000.00 33767000000.00 18494300000.00 22700000.00 -1236200000.00 2970400000.00 710400000.00 1585700000.00 7885200000.00 30432500000.00 3334500000.00 0.00 3334500000.00 625200000.00 347500000.00 972700000.00 0.00 2361800000.00 0.00 0.00 0.00 44500000.00 2406300000.00 500000.00 2406800000.00 2326400000.00 79900000.00 2326900000.00 79900000.00 565000000.00 10 41.18 40.81 0.00 0.00 41.18 40.81 0.00 0.02 0.07 Others 2108700000.00 Power and Fuel Expense 1852000000.00 Others 4134400000.00 Power and Fuel Expense 3750800000.00 Acrylic Fibre 827200000.00 Textiles 16007700000.00 Acrylic Fibre 1690000000.00 Textiles 31903900000.00 16834900000.00 33593900000.00 198200000.00 453600000.00 16636700000.00 33140300000.00 Acrylic Fibre 28100000.00 Textiles 1825200000.00 Acrylic Fibre 200600000.00 Textiles 3795600000.00 1853300000.00 3996200000.00 337900000.00 710400000.00 -138000000.00 -93200000.00 1653400000.00 3379000000.00 Acrylic Fibre 1705400000.00 Textiles 64336500000.00 66041900000.00 21911400000.00 87953300000.00 Acrylic Fibre 610500000.00 Textiles 5301700000.00 5912200000.00 1881400000.00 7793600000.00