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 HSCL2020-04-012020-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 2578700000.00 26300000.00 2605000000.00 1273900000.00 0.00 667100000.00 186800000.00 105300000.00 115300000.00 418700000.00 2767100000.00 -162100000.00 0.00 -162100000.00 0.00 -35900000.00 -35900000.00 0.00 -126200000.00 0.00 0.00 0.00 0.00 -126200000.00 92000000.00 -34200000.00 -125600000.00 -600000.00 -33600000.00 -600000.00 418800000.00 1 -0.30 -0.30 0.00 0.00 -0.30 -0.30 NOTES:- t t t t n tttt n(1) The above unaudited consolidated 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 consolidated 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 n(2) Other expenses includes foreign exchange fluctuation loss (net) of Rs 15.37 crores for the quarter ended 31 March 2020, Rs 14.15 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 5.10 crores for the quarter ended 30 June 2019, on consolidated basis. n t n(3) Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Group's business activity falls within two operating segments, namely: n(a) Carbon materials and chemicals, and n(b) Power n t n(4) The consolidated financial statements are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated financial statements as set out in Ind AS 110 “Consolidated Financial Statements” notified by Ministry of Corporate Affairs. The consolidated financial statements of Himadri Speciality Chemical Limited (the Holding Company or the parent), include its subsidiaries, namely AAT Global Limited and Shandong Dawn Himadri Chemical Industry Limited (the Holding Company or the parent and its subsidiaries together referred to as the Group ), combined on a line-by-line basis by adding together the book values of like items of asset and liabilities, income and expenses eliminating intra-group balances and transactions and resulting unrealised gains/ (losses). The consolidated financial statements are prepared applying uniform accounting policies on all material items. n t n(5) The consolidated figures for the three months ended 31 March 2020 as reported in these consolidated financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date consolidated figures up to the end of the nine months of the relevant financial year. Also the consolidated figures up to the third quarter had only been reviewed and not subjected to audit by the Statutory Auditors of the respective Company. n 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 Holding 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 Holding 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. n t n(7) The Group has considered the possible risk that may result from the pandemic relating to COVID-19 and expects to recover the carrying amount to 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 consolidated financial results. The Group is continuously monitoring for any material changes in future economic conditions. n t t t t t n(8) Earnings per share is not annualised for the quarter ended 30 June 2020, 31 March 2020 and 30 June 2019. Other Expenses 418700000.00 Carbon materials and chemicals 2568700000.00 Power 101600000.00 2670300000.00 91600000.00 2578700000.00 Carbon materials and chemicals -172000000.00 Power 88900000.00 -83100000.00 105300000.00 -26300000.00 Other unallocable expenses net of unallocable income includes other income, foreign exchange loss/ (gain) (net) fully unallocable n nNotes: Contd n n(9) 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 of the Holding Company. Further, the Holding 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 Holding Company has received additional claim of Rs 41 crores from the EPC contractor for enhancements/additional work. The Board of Directors of the Holding Company, 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 n(10) Due to the impact of COVID-19 pandemic, nation-wide lockdown and continuing intermittent lockdown in West Bengal, where the Holding 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 Holding 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 Holding 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 n(11) The figures of the corresponding previous periods/year have been regrouped/reclassified, wherever necessary, to conform to the classification for the quarter ended 30 June 2020. -162100000.00 Carbon materials and chemicals 22686700000.00 Power 505800000.00 23192500000.00 2926500000.00 26119000000.00 Carbon materials and chemicals 3492000000.00 Power 10000000.00 3502000000.00 5312100000.00 8814100000.00