AKZOINDIA2020-07-012020-09-30in-bse-fin:OneOperatingExpenses01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:FourOperatingExpenses01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets01Member AKZOINDIA2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities01Member AKZOINDIA2020-09-30in-bse-fin:OneReportableSegmentLiabilities01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares AKZOINDIA 2020-04-01 2021-03-31 2020-10-19 INR Millions Half yearly true Cash Flow Indirect Geographical 2020-07-01 2020-09-30 Unaudited Standalone 6068600000.00 57900000.00 6126500000.00 3335500000.00 103200000.00 -327900000.00 594100000.00 25900000.00 187100000.00 1318200000.00 5236100000.00 890400000.00 0.00 890400000.00 146500000.00 81100000.00 227600000.00 0.00 662800000.00 0.00 0.00 0.00 0.00 662800000.00 14200000.00 677000000.00 677000000.00 0.00 455400000.00 10 14.56 14.56 0.00 0.00 14.56 14.56 1.tThis statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 9 November 2020. The figures for the quarter and six months ended 30 September 2020 have been subjected to limited review by the statutory auditors. n n2.tExceptional Items - Income/(Expense), net represent: n n n n n3.tThe Company operates in single segment viz. Coatings. Therefore, separate segment disclosures under the provisions of Ind AS 108 have not been given in respect of Standalone Financial Results for the quarter and six months ended 30 September 2020. n n4.tThe Company has revised useful lives of certain assets with effect from 1 April 2020 based on their expected period of use and physical condition, which has resulted in reduction in depreciation and amortisation expense by Rs. 37 Mn and Rs. 47 Mn for the quarter and six months ended 30 September 2020 respectively with corresponding impact on profit before tax. n n5.tThe Indian parliament has approved the Code on Social Security, 2020 (‘the code’) which, inter alia, deals with employee benefits during the employment and post-employment. The code has been published in the Gazette of India. The effective date of the code is yet to be notified and the rules for quantifying the financial impact are also yet to be issued. In view of this, the impact of the change, if any, for the Company will be assessed and recognised post notification of the relevant provisions. n n6.tEstimation of uncertainties relating to the global health pandemic (COVID-19) nThe Company has considered the possible effects that may result from COVID-19 in the preparation of these interim financial results for the quarter and six months ended 30 September 2020. In assessing the carrying value of its assets and liabilities, the Company has considered internal and external information including the economic forecasts available and based on such information and assessment, no further adjustments are required to be made. The impact of the pandemic may differ from the estimates as at the date of approval of these interim financial results. The Company will continue to closely monitor any material changes to future economic conditions. n n7.tThe Company had chosen to exercise the option of lower tax rate of 25.17% (inclusive of surcharge & cess) under Section 115BAA of the Income Tax Act, 1961 introduced vide Taxation Laws (Amendment) Act, 2019. Consequent to this change, the tax balances were remeasured at this reduced rate of 25.17%, which had resulted in reversal of current tax of Rs. 99.8 Mn and deferred tax asset (net) balance of Rs. 31.9 Mn during the quarter and six months ended 30 September 2019. Accordingly, the tax expense for the period and consequently, the profit after tax are not comparable with the corresponding figures of the previous year. n n8.tPrevious period figures have been regrouped/ reclassified, wherever necessary, to make them comparable to the current period figures. Geographical 2020-04-01 2020-09-30 Unaudited Standalone 8653600000.00 117900000.00 8771500000.00 3941600000.00 759600000.00 -163600000.00 1192600000.00 55400000.00 362200000.00 2004000000.00 8151800000.00 619700000.00 0.00 619700000.00 146500000.00 13000000.00 159500000.00 0.00 460200000.00 0.00 0.00 0.00 0.00 460200000.00 -27500000.00 432700000.00 432700000.00 0.00 455400000.00 10 10.11 10.11 0.00 0.00 10.11 10.11 Other Expenses 1318200000.00 Other Expenses 2004000000.00 Coatings 6068600000.00 Coatings 26618100000.00 6068600000.00 26618100000.00 6068600000.00 26618100000.00 Coatings 858400000.00 Coatings 557200000.00 858400000.00 557200000.00 25900000.00 55400000.00 832500000.00 501800000.00 Coatings 21892400000.00 21892400000.00 Coatings 21892400000.00 21892400000.00 -45581000.00 -126960000.00 332394000.00 0.00 -397106000.00 0.00 0.00 0.00 0.00 -1125543000.00 0.00 -80594000.00 0.00 362190000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -41145000.00 0.00 -1122345000.00 -502645000.00 0.00 0.00 0.00 385958000.00 0.00 -888603000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 94903000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130212000.00 0.00 1359233000.00 0.00 1394542000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69660000.00 637564000.00 44178000.00 0.00 0.00 -751402000.00 -245463000.00 0.00 -245463000.00 2541302000.00 2295839000.00