JINDALSAW2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares JINDALSAW 2020-04-01 2021-03-31 2020-07-21 INR Crores First quarter Single segment Iron and steel products 2020-04-01 2020-06-30 Unaudited Standalone 13459900000.00 595600000.00 14055500000.00 8643700000.00 6200000.00 -880200000.00 1646900000.00 1133700000.00 821800000.00 2532800000.00 13904900000.00 150600000.00 0.00 150600000.00 45400000.00 4900000.00 50300000.00 0.00 100300000.00 0.00 0.00 0.00 0.00 100300000.00 -27500000.00 72800000.00 0.00 0.00 639500000.00 2 0.32 0.32 0.00 0.00 0.32 0.32 0.00 0.00 0.00 Notes: n n1. Jindal ITF Limited one of the subsidiaries of the company has won an arbitral award allowing various claims to the tune of Rs. 1,891.08 crores plus interest and applicable taxes. Till date, the subsidiary has received Rs. 856.31 crores as interim relief against submission of bank guarantees to customer/court. Presently matter is sub judice before high court of Delhi. Due to the pandemic, the matter could not be taken up for hearing in court during the quarter ended June 30, 2020 and the next date of hearing is scheduled for August 22, 2020. n nBased on the current status and the expert legal advice obtained, the Group is expecting a favourable outcome which would cover investments and loans and advances given to Jindal ITF. Accordingly, no adjustments is required in these financial results. n n2. The Company has one primary business segment i.e. Iron & Steel products on standalone basis. n n3. On March 11, 2020, the World Health Organisation characterised the outbreak of a strain of the new coronavirus (“COVID-19”) as a pandemic. The company’s operations were impacted in the month of March and April 2020, following nationwide lockdown announced by the Government of India. The Government of India permitted production activities from and after April 20, 2020 in non-containment zones, subject to requisite approvals as required. The Company could secure the requisite approvals and has accordingly commenced operations and is gradually ramping up capacity utilisation since then. n nThe Company has taken into account the possible impact of COVID-19 in preparation of the unaudited standalone financial results, including its assessment of recoverable value of its assets based on internal and external information and has concluded no material adjustments are required therein as on June 30, 2020. The Company will continue to closely monitor any material changes to future economic conditions. n n4. Tax expense are inclusive of prior period tax adjustments and impact of change in tax rate. n n5. Exceptional items for the quarter and year ended March 31, 2020 includes provision for impairment of loan and investments in subsidiary and associate. n n6. The figures of the quarter ended March 31, 2020 are the balancing figures between the audited figures for the financial year ended March 31, 2020 and the published unaudited figures for the nine months ended December 31, 2019. n n7. Previous quarter/year figures have been regrouped/rearranged, wherever considered necessary to conform to current quarter and year ended classification. n n8. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 4, 2020. Other Expenses 2532800000.00