PAGEIND2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member PAGEIND2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PAGEIND 2019-04-01 2020-03-31 2020-06-12 INR Lakhs Yearly Single segment Business of manufacturing, distribution and marketing of garments 2020-01-01 2020-03-31 Audited Standalone 5412647000.00 99084000.00 5511731000.00 1395813000.00 1257291000.00 -425066000.00 1343504000.00 85493000.00 163041000.00 1259799000.00 5079875000.00 431856000.00 0.00 431856000.00 90000000.00 31607000.00 121607000.00 0.00 310249000.00 0.00 0.00 0.00 0.00 310249000.00 -29974000.00 280275000.00 0.00 0.00 111539000.00 10 27.82 27.82 0.00 0.00 27.82 27.82 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on June 23, 2020. n2. The financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Regulation’) as amended. n3. Effective April 1, 2019, the Company adopted Ind AS 116 “Leases” for all long-term lease contracts existing on April 1, 2019 using the modified retrospective method and the cumulative adjustment of Rs. 2,339.56 lakhs (net of deferred tax) on the date of initial application has been debited to retained earnings. Accordingly, comparatives for the prior year/quarters have not been restated. The adoption of the new standard resulted in recognition of Right-of-Use (ROU) asset and net investment in sub-lease of ROU asset aggregating to Rs. 11,052.14 lakhs and lease liability of Rs. 13,852.55 lakhs as at April 1, 2019. The effect of adoption of Ind AS 116 for the current quarter and year ended March 31, 2020 is as under: n4. The Company is primarily engaged in the business of manufacturing, distribution and marketing of garments. These, in the context of Ind AS 108 on Operating Segments Reporting are considered to constitute one segment and hence, no further disclosure is required. n5. For the current financial year 2019-20, the Board of Directors at their meeting held on August 8, 2019, November 14, 2019 and February 13, 2020 have declared 1st, 2nd and 3rd interim dividends of Rs. 51, Rs. 52 and Rs. 58 per equity share respectively. n6. Revenue from operations for the quarters ended March 31, 2020, December 31, 2019 and March 31, 2019 is net of sales incentives accrued amounting to Rs. 2,679.70 lakhs, Rs. 3,650.55 lakhs and Rs. 3,316 lakhs respectively. Further, revenue from operations for the year ended March 31, 2020 and March 31, 2019 is net of sales incentives accrued amounting to Rs. 13,009.33 lakhs and Rs. 9,963.20 lakhs respectively. n7. During March 2020, the World Health Organisation declared COVID-19 to be a pandemic. Consequent to this, Government of India declared a national lock down on March 24, 2020, which has impacted the business activities of the Company. The Company has since resumed its business activities by reopening its factories and offices on a gradual basis in line with the guidelines issued by the Government authorities. The Company has been taking various precautionary measures to protect employees and their families from COVID-19. The Company has assessed and considered the impact of this pandemic on carrying amounts of receivables, other assets and its business operations including all relevant internal and external information available up to the date of approval of these financial results. Basis such evaluation, the management does not expect any adverse impact on its future cash flows and shall be able to continue as a going concern and meet its obligations as and nwhen they fall due. The impact of COVID-19 on the Company’s financial statements may differ from that estimated as at the date of approval of these financial results. The Company will continue to monitor future economic conditions for any significant change. n8. The Company has exercised the option of availing lower tax rate available under Section 115BAA of the Income Tax Act, 1961, as introduced by The Taxation Laws (Amendment) Act, 2019, with effect from AY 2020-21. Accordingly, the Company has provided for income taxes for the quarter and year ended March 31, 2020 and re-measured the accumulated balance of deferred tax liability as at March 31, 2019, based on the lower tax rates. Single segment 2019-04-01 2020-03-31 Audited Standalone 29454217000.00 246409000.00 29700626000.00 6539188000.00 6393388000.00 175608000.00 5317021000.00 338551000.00 613554000.00 5703239000.00 25080549000.00 4620077000.00 0.00 4620077000.00 1174000000.00 13850000.00 1187850000.00 0.00 3432227000.00 0.00 0.00 0.00 0.00 3432227000.00 -33203000.00 3399024000.00 0.00 0.00 111539000.00 10 8087250000.00 307.72 307.72 0.00 0.00 307.72 307.72 Other Expenses 1259799000.00 Other Expenses 5703239000.00