TIMKEN2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member TIMKEN2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares TIMKEN 2019-04-01 2020-03-31 2020-05-27 INR Lakhs Yearly Single segment Bearings and Components 2020-01-01 2020-03-31 Audited Standalone 4055300000.00 72900000.00 4128200000.00 1161300000.00 891000000.00 104300000.00 317300000.00 2100000.00 185200000.00 643100000.00 3304300000.00 823900000.00 0.00 823900000.00 221600000.00 -10300000.00 211300000.00 0.00 612600000.00 0.00 0.00 0.00 0.00 612600000.00 5400000.00 618000000.00 0.00 0.00 752100000.00 10 8.14 8.14 0.00 0.00 8.14 8.14 Notes :- n(1) The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on June 5, 2020. The above Results for the full financial year have been audited and the results for the quarter ended March 31, 2020 have been reviewed by Deloitte Haskins & Sells LLP, statutory auditors of the Company, on which they have given an unmodified report. n n(2) The Company has only one reportable primary segment, viz. 'Bearings and Components'. Accordingly, no separate disclosure of segment information has been made. n n(3) Effective April 1, 2019, the Company has applied IND AS 116 Leases to all applicable lease contracts existing on April 1, 2019 using the modified retrospective method. Accordingly, n na cumulative adjustment on application of the Standard has been recognised in retained earnings on the date of initial application. n ncertain intangible assets with a written down value (WDV) of Rs. 10773 lacs as at March 31, 2019, have been presented as “Right of Use”. The WDV of these amounted to Rs.10594 lacs as at March 31, 2020. n nThe impact of application of the Standard on the results was not significant. Comparatives for the quarter ended and year ended March 31, 2019 have not been retrospectively adjusted. n n(4) The Statement of Assets and Liabilities as at March 31, 2020 is given as Annexure -A and Cash Flow Statement for the year ended March 31, 2020 is given as Annexure - B. n n(5) The figures for the quarters ended March 31, 2020 and March 31, 2019 are balancing figures between audited figures in respect of full financial years ended March 31, 2020 and March 31, 2019 respectively and the unaudited published year to date figures upto December 31, 2019 and December 31, 2018 respectively, being the end of the third quarter of the respective financial year, which was subjected to Limited Review. n n(6) The Board has recommended, subject to approval of the members of the Company at ensuing Annual General Meeting, payment of dividend of Rs. 50/- (PY Re 1/-) per equity share of Rs. 10 each fully paid. n n(7) COVID-19 pandemic has impacted businesses globally. The Company's manufacturing operations and its distribution centers remained shut during the initial phase of lockdown. Subsequent to Financial Year 2019-20, pursuant to several relaxations granted by the Government, Company's facilities were gradually reopened following government advisories and local government directives with regard to workplaces. The Company is actively monitoring its various business activities and its related impact on account of this pandemic. Although nthere are uncertainties due to the pandemic, strong balance sheet, sustained profitability and stronger customer centric business model positions the Company to face these challenges and minimize the impact on various stakeholders. nDetails regarding impact of COVID–19 on the Company pursuant to SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated 20 May, 2020 are being given separately by the Company. Single segment 2019-04-01 2020-03-31 Audited Standalone 16177500000.00 227200000.00 16404700000.00 4635800000.00 3721700000.00 237400000.00 1237900000.00 27500000.00 768600000.00 2712200000.00 13341100000.00 3063600000.00 0.00 3063600000.00 813500000.00 -210900000.00 602600000.00 0.00 2461000000.00 0.00 0.00 0.00 0.00 2461000000.00 -6900000.00 2454100000.00 0.00 0.00 752100000.00 10 0.00 32.72 32.72 0.00 0.00 32.72 32.72 Other Expenses 643100000.00 Other Expenses 2712200000.00