ENDURANCE2019-10-012019-12-31in-bse-fin:OneOperatingExpenses01Member ENDURANCE2019-10-012019-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ENDURANCE 2019-04-01 2020-03-31 2019-12-24 INR Millions Third quarter Single segment Automotive Components 2019-10-01 2019-12-31 Unaudited Standalone 11609800000.00 98750000.00 11708550000.00 6990740000.00 109150000.00 126790000.00 729740000.00 24120000.00 497350000.00 2015060000.00 10492950000.00 1215600000.00 0.00 1215600000.00 304900000.00 8500000.00 313400000.00 0.00 902200000.00 0.00 0.00 0.00 0.00 902200000.00 -6960000.00 895240000.00 902200000.00 895240000.00 1406630000.00 10 6.41 6.41 0.00 0.00 6.41 6.41 1.The above financial results of the Company for the quarter and nine months ended 31st December, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 6th February, 2020. 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 quarters ended 30th June, 2019 and 30th September, 2019, the Company had recognised an amount of Rs 229.21 million and Rs 230.55 million respectively as grant income based on the underlying sales transaction and also 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. In addition, the Company has recognised an amount of Rs 12.58 million as grant income in the current quarter. Consequently the recognition of grant income relating to the current financial year stands at Rs 472.34 million for the nine months ended 31st December, 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 reduced rate (i.e. 25.17%) from the current financial year. Accordingly, tax expense for the quarter and the nine months ended 31st December, 2019 have been provided for at reduced tax rate. n n5.The Company had closed its plant at Manesar in December, 2018 and accordingly paid Rs 38.40 million towards full and final dues to workmen entitled as per the provisions of Industrial Disputes Act, 1947. The Company had also provided for Rs 169.60 million (paid on 2nd April, 2019) towards additional compensation payable to all its eligible permanent workmen. These amounts totalling to Rs 208 million have been disclosed as an exceptional item in the financial results for the quarter and period ended 31st December, 2018. 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. Single segment 2019-04-01 2019-12-31 Unaudited Standalone 38141820000.00 215920000.00 38357740000.00 23248710000.00 183030000.00 71480000.00 2223320000.00 91110000.00 1470470000.00 6354810000.00 33642930000.00 4714810000.00 0.00 4714810000.00 1216970000.00 -60540000.00 1156430000.00 0.00 3558380000.00 0.00 0.00 0.00 0.00 3558380000.00 -67810000.00 3490570000.00 3558380000.00 3490570000.00 1406630000.00 10 25.30 25.30 0.00 0.00 25.30 25.30 Other Expenses 2015060000.00 Other Expenses 6354810000.00