HSCL2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue01Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue02Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults01Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults02Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets01Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets02Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2020-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HSCL2020-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HSCL2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HSCL2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares HSCL 2020-04-01 2021-03-31 2020-10-20 INR Crores First quarter Multi segment 2020-04-01 2020-06-30 Unaudited Standalone 2578700000.00 26300000.00 2605000000.00 1947300000.00 0.00 -24300000.00 185200000.00 104800000.00 108600000.00 414200000.00 2735800000.00 -130800000.00 0.00 -130800000.00 0.00 -35900000.00 -35900000.00 0.00 -94900000.00 0.00 0.00 0.00 0.00 -94900000.00 209200000.00 114300000.00 0.00 0.00 418800000.00 1 -0.23 -0.23 0.00 0.00 -0.23 -0.23 (1) The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 29 October 2020. A Limited Review of these standalone financial results for the quarter ended 30 June 2020 has been carried out by the Statutory Auditors, as required under Regulation 33 of SEBI (LODR) Regulations, 2015. n t t t t t t t n(2) Other expenses includes foreign exchange fluctuation loss (net) of Rs 17.31 crores for the quarter ended 31 March 2020 and Rs 14.09 crores for the year ended 31 March 2020, and other income includes foreign exchange fluctuation gain (net) of Rs 1.26 crores for the quarter ended 30 June 2020 and Rs 6.59 crores for the quarter ended 30 June 2019, on standalone basis. n t t t t t t t n(3) Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Company's business activity falls within two operating segments, namely: n (a) Carbon materials and chemicals, and n (b) Power n t`t t t t t t n(4) National Company Law Tribunal (‘NCLT’), Kolkata Bench, vide Order dated 14 October 2019, approved the Scheme of Amalgamation (‘Scheme’) between Himadri Speciality Chemical Limited (‘the Company’ or the ‘Transferee Company’) and Equal Commodeal Private Limited (the ‘Transferor Company’), a wholly owned subsidiary of the Company, with effect from the Appointed Date of 1 April 2018. The Company had already published the unaudited standalone financial results for the quarter ended 30 June 2019 on 14 August 2019, without giving the impact of the above Scheme as NCLT had issued order on 14 October 2019. Accordingly, the Company had restated the unaudited standalone financial results for the quarter ended 30 June 2019 after recognising the effect of the Scheme from the appointed date while publishing results for the quarter and half year ended 30 September 2019. The impact of above NCLT’s order is given below: n n t t t t t t t (Rs. in Crores) n tParticularst t t t t Quarter Ended n tttttt 30.06.2019 n n tt t t t Pre NCLT order tPost NCLT order n tProfit before taxt t t t t 103.80 t 105.99 n tNet Profit after taxt t t t t 73.24 t 75.39 n n n n(5)The standalone figures for the three months ended 31 March 2020 as reported in these standalone financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date standalone figures up to the end of the nine months of the relevant financial year. Also the standalone figures up to the third quarter had only been reviewed and not subjected to audit. n t t t t t t t n(6)Section 115 BAA of the Income-tax Act, 1961, introduced by the Taxation Laws (Amendment) Act, 2019 gives a one-time irreversible option for payment of income-tax at reduced rate with effect from financial year commencing 1 April 2019 subject to certain conditions. The Company had made an assessment of the impact of the above amendment and decided to continue with the existing tax structure until utilisation of accumulated Minimum Alternative Tax ('MAT'). However, the Company had re-measured the deferred tax assets / liability that is expected to reverse on exercising the option on the future date as per Ind AS 12 Income Taxes and thus, reversal of net deferred tax liability of Rs 70 crores had been recognised during the previous quarter / year. Other Expenses 414200000.00 Carbon materials and chemicals 2568700000.00 Power 101600000.00 2670300000.00 91600000.00 2578700000.00 Carbon materials and chemicals -141200000.00 Power 88900000.00 -52300000.00 104800000.00 -26300000.00 Other unallocable expenses net of unallocable income includes other income, foreign exchange loss/ (gain) (net), and exceptional items fully unallocable. n n nNotes: Contd n n(7)The Company has considered the possible risk that may result from the pandemic relating to COVID-19 and expects to recover the carrying amount of all its assets including inventories, receivable, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these standalone financial results. The Company is continuously monitoring for any material changes in future economic conditions. n t t t t t t t n(8)The Company had made investments in equity shares and given loans and advances to its wholly owned subsidiary, AAT Global Limited ('AAT'), Hongkong. AAT, in turn, invested in equity shares and had given loans and advances to its subsidiary, Shandong Dawn Himadri Chemical Industry Ltd ('SDHCIL'), China. There had been shortfall in the business performance of both AAT and SDHCIL compared with budgets and further changes in the technology, market, economic environment had adverse impact on the value of the investments and recoverability of loans and advances given. Due to the on-going size of operations and cost-benefit trend, both AAT and SDHCIL had been incurring losses and their net worth were fully eroded. Accordingly, the Company's investments in equity shares of AAT, amounting to Rs 52.45 crores, had been fully impaired and loans and advances given to AAT, amounting to Rs 75.54 crores, had been fully provided during the previous quarter / year. n t t t t t t t n(9)Earnings per share is not annualised for the quarter ended 30 June 2020, 31 March 2020 and 30 June 2019. n t t t t t t t n(10)The carbon black expansion project which had started commercial production in the 4th quarter of 2019-20 was set up under an EPC contract, by a related party, as approved by the Board of Directors and the shareholders. Further, the Company has issued purchase/job orders amounting to Rs 32.94 crores to various third-party contractors for certain works. Subsequent to the quarter-end, the Company has received additional claim of Rs 41 crores from the EPC contractor for enhancements/additional work. The Board of Directors, in its meeting held on 22 October 2020, has decided to appoint independent engineering and financial firms for justification and conducting reconciliation of these additional claim and purchase/job orders. Final accounting for these claims and purchase/job orders would be after receipt and consideration of reports from the said firms. However, in the assessment of the management, this will not result in material adjustment to financial results. n t t t t t t t n(11)Due to the impact of COVID-19 pandemic, nation-wide lockdown and continuing intermittent lockdown in West Bengal, where the Company’s Registered and Corporate Office is situated, the financial results for the quarter ended 30 June 2020 (‘the results’), could not be approved within the extended date of 15 September 2020. For this anticipated delay due to pandemic, the Company has applied for extension to the SEBI, National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 10 September 2020 for the submission of the results till 14 November 2020. n nNSE and BSE both have intimated to the Company on 16 October 2020, to submit the results within 15 days from the date of their email and have levied fine of Rs. 5,000/- for each day of default from 16 September 2020 up to the date of compliance. n t t t t t t t n(12)The figures of the corresponding previous periods/year have been regrouped/reclassified, wherever necessary, to conform to the classification for the current quarter ended 30 June 2020. -130800000.00 Carbon materials and chemicals 21758500000.00 Power 505800000.00 22264300000.00 2852300000.00 25116600000.00 Carbon materials and chemicals 3163000000.00 Power 10000000.00 3173000000.00 5312100000.00 8485100000.00