ENDURANCE2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member ENDURANCE2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ENDURANCE 2019-04-01 2020-03-31 2020-06-03 INR Millions Yearly Single segment Auto Components 2020-01-01 2020-03-31 Audited Standalone 11243870000.00 145960000.00 11389830000.00 6757980000.00 95370000.00 116660000.00 737960000.00 17040000.00 522010000.00 2173210000.00 10420230000.00 969600000.00 0.00 969600000.00 258330000.00 -7270000.00 251060000.00 0.00 718540000.00 0.00 0.00 0.00 0.00 718540000.00 24370000.00 742910000.00 718540000.00 742910000.00 1406630000.00 10 5.11 5.11 0.00 0.00 5.11 5.11 1.The above financial results of the Company for the quarter and year ended 31st March, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 25th June, 2020. The Statutory Auditors of the Company have expressed an unmodified audit opinion. 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. n3.The results for the current quarter ended 31st March, 2020, include a reversal of grant income of Rs. 70.44 million under Package Scheme of Incentives 2013, Government of Maharashtra, as a result of true-up of receivable outstanding consequent to certain deductions made based on a provisional sanction received for claim filed for the year ended 31st March, 2018 in the current quarter from the Directorate of Industries. 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 year ended 31st March, 2020 have been provided for at reduced tax rate. n5.Coronavirus Disease ( COVID-19) has resulted in the Company temporarily suspending the operations of all its manufacturing units in India. COVID-19 has impacted the normal business operations of the Company by way of interruption in production and sale of finished goods, supply chain disruption, unavailability of personnel etc. However, production and sale of goods have commenced in a phased manner through April and May, 2020. nThe Company has performed a detailed assessment of its liquidity position and the recoverability of the assets as at the balance sheet date and has concluded that based on current indicators of future economic conditions, the carrying value of the assets will be recovered. Management believes that it has fully considered all the possible impact of known events in the preparation of the standalone Ind AS financial results. However, the impact assessment of COVID-19 is a continuing process, given the uncertainties associated with its nature and duration. The Company will continue to monitor any material changes to future economic conditions and the consequent impact on its business, if any. n6.During the quarter, the Board of Directors at its meeting held on 3rd March, 2020 declared an interim dividend of Rs. 5.50 per equity share (55%) and the same is paid on 16th March, 2020 to eligible shareholders. n8.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. Single segment 2019-04-01 2020-03-31 Audited Standalone 49385690000.00 361880000.00 49747570000.00 30006690000.00 278400000.00 188140000.00 2961280000.00 108150000.00 1992480000.00 8528020000.00 44063160000.00 5684410000.00 0.00 5684410000.00 1475300000.00 -67810000.00 1407490000.00 0.00 4276920000.00 0.00 0.00 0.00 0.00 4276920000.00 -43440000.00 4233480000.00 4276920000.00 4233480000.00 1406630000.00 10 21761010000.00 30.41 30.41 0.00 0.00 30.41 30.41 Other Expenses 2173210000.00 Other Expenses 8528020000.00