ENDURANCE2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member ENDURANCE2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ENDURANCE 2019-04-01 2020-03-31 2019-09-26 INR Millions Half yearly Single segment Automotive Components 2019-07-01 2019-09-30 Unaudited Standalone 12920420000.00 84170000.00 13004590000.00 7826160000.00 44710000.00 168250000.00 737170000.00 31310000.00 487300000.00 2177450000.00 11472350000.00 1532240000.00 0.00 1532240000.00 228740000.00 -62130000.00 166610000.00 0.00 1365630000.00 0.00 0.00 0.00 0.00 1365630000.00 -55000000.00 1310630000.00 0.00 0.00 1406630000.00 10 9.71 9.71 0.00 0.00 9.71 9.71 1. The above financial results of the Company for the quarter and half year ended 30th September, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 14th November, 2019. The Statutory Auditors of the Company have carried out a limited review of these financial results. n n2.Effective 1st April, 2019, the Company has adopted Ind AS 116 Leases using the modified retrospective method of adoption. The Company has elected to apply the standard to lease contracts at the date of initial application. Accordingly, comparatives for the period prior to 1st April, 2019 have not been restated. At the date of initial application the Company has recognised Right-of-Use Asset at an amount equal to Lease Liability which was adjusted for prepayments. n n3.Until 31st March, 2019, the Company recognised grant income under Package Scheme of Incentives 2013, Government of Maharashtra ( “PSI Scheme”) on claim submission when its recoverability was considered to be reasonably certain. From 1st April, 2019, the Company recognises grant income under PSI Scheme on sale of goods, as the management believes that the realisability of the grant income is reasonably certain on sale of goods. Accordingly, in the previous quarter ended 30th June, 2019, the Company had recognised an amount of Rs. 472.34 million as grant income relating to the sale made for the year ended 31st March, 2019 as a one-time adjustment and an amount of Rs. 229.21 million as grant income based on the underlying sales transaction of the previous quarter. In addition, the Company has recognised an amount of Rs. 230.55 million as grant income in the current quarter. Consequently the recognition of grant income relating to the current financial year stands at Rs. 459.76 million for the half year ended 30th September, 2019. n n4. The Company intends to exercise the option permitted u/s 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019 to compute income tax at the revised rate (i.e. 25.17%) from the current financial year. Due to this change, total tax expense (current and deferred tax) for current quarter includes reversal of Rs. 224.73 million for the previous quarter of the current financial year. n n5.The shareholders, at the 20th Annual General Meeting held on 8th August, 2019, declared dividend of Rs. 5.50 per equity share of Rs. 10 each. The same has been paid during the quarter for 140,662,848 equity shares aggregating to cash outflow of Rs. 932.68 million, including dividend distribution tax, for the financial year ended 31st March, 2019. n n6.The operating segment of the Company is identified to be, ‘Automotive Components’. Therefore, the disclosure as per Regulation 33(1)(e) read with Clause (L) of Schedule IV of the Listing Regulations is not applicable. n n7.The figures of previous periods have been regrouped, wherever necessary, to conform to the current period's classification. 2019-04-01 2019-09-30 Unaudited Standalone 26532020000.00 117170000.00 26649190000.00 16257970000.00 73880000.00 -55310000.00 1493580000.00 66990000.00 973120000.00 4339750000.00 23149980000.00 3499210000.00 0.00 3499210000.00 912070000.00 -69040000.00 843030000.00 0.00 2656180000.00 0.00 0.00 0.00 0.00 2656180000.00 -60850000.00 2595330000.00 0.00 0.00 1406630000.00 10 18.88 18.88 0.00 0.00 18.88 18.88 Other Expenses 2177450000.00 Other Expenses 4339750000.00