KIRLOSENG2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member KIRLOSENG2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares KIRLOSENG 2019-04-01 2020-03-31 2020-06-11 INR Crores Yearly Single segment engines 2020-01-01 2020-03-31 Audited Standalone 7106200000.00 111000000.00 7217200000.00 3431300000.00 1239000000.00 -207900000.00 500400000.00 13300000.00 162500000.00 1469800000.00 6608400000.00 608800000.00 0.00 608800000.00 129800000.00 13000000.00 142800000.00 0.00 466000000.00 0.00 0.00 0.00 0.00 466000000.00 -5100000.00 460900000.00 0.00 0.00 289200000.00 2 3.22 3.22 0.00 0.00 3.22 3.22 1. The Company operates in single reportable segment namely 'Engines'. n n2. The above statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. n n3. The Company opted to exercise the option permitted under Section 115BAA of the Income-tax Act, 1961 as introduced by the Taxation Laws (Amendment) Act, 2019 . Accordingly, the Company has recognised Provision for Income tax for the quarter and year ended March 31, 2020 and remeasured its deferred tax assets /liabilities in accordance with the prescribed rate. The impact of this change has been recognised over the period from October 2019 to March 2020. n n4. During the year ended 31 March , 2020 , the Company has invested Rs.499.50 Crores towards subscribed and paid-up capital in its wholly owned subsidiary viz. ARKA fincap limited (formerly known as Kirloskar Capital Limited). n n5. Effective 1 April , 2019, the Company adopted Ind AS 116 Leases , applied to lease contracts existing on 1 April , 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 previous quarters and year ended March 31, 2019 have not been retrospectively adjusted. The effect of this adoption is not material on the profit for the quarter and the year ended 31 March 2020. n n6.The COVID-19 outbreak continues to spread rapidly in India and across the globe. Various measures taken by the Government to contain the spread of virus including lock-downs have affected economic activity and caused disruption to regular business operations of the Company. The extent to which the COVID-19 pandemic will impact Company's results will depend on future developments, which are highly uncertain. The Company has made Initial assessment of recoverability of its assets like trade receivables, Inventories and other asset and is reasonably certain that these need not be impaired. However the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration. The impact of COVID-19 may be different from that estimated as at the date of approval of these financial results and the Board will continue to closely monitor the developments. n n7. The figures for the quarter ended 31 March 2020 are balancing figures between audited figures in respect of full financial year ended 31 March 2020 and the published year to date figures upto the third quarter ended 31 December 2019, which have been regrouped / rearranged wherever necessary. Further the figures for the previous periods have been regrouped wherever required to make them comparable with those of the current period. n n8. Exceptional item consist of profit on sale of property situated at MIDC Industrial Estate, Nagapur, Ahmednagar, Maharashtra. n n9.During the year, the Board at its meeting held on 6 March 2020 had declared an Interim Dividend of Rs. 4/- (200%) per equity share of Rs. 2/- each for the year ended 31 March 2020, which was paid to all the eligible shareholders on 27 March 2020. The directors recommend for consideration of the members of the Company at the ensuing Annual General Meeting, the referred Interim Dividend as Final Dividend for the Financial Year ended 31 March 2020. n n10.The results for the quarter and year ended 31 March 2020 are reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 19 June 2020. Single segment 2019-04-01 2020-03-31 Audited Standalone 28774800000.00 402100000.00 29176900000.00 13029800000.00 5987500000.00 -277600000.00 2178100000.00 38200000.00 666300000.00 5467300000.00 27089600000.00 2087300000.00 164900000.00 2252200000.00 553800000.00 -5400000.00 548400000.00 0.00 1703800000.00 0.00 0.00 0.00 0.00 1703800000.00 -19400000.00 1684400000.00 0.00 0.00 289200000.00 2 18013200000.00 11.78 11.78 0.00 0.00 11.78 11.78 Other Expenses 1469800000.00 Other Expenses 5467300000.00