5332932022-04-012022-06-305332932022-04-012022-06-30in-bse-fin:OtherExpenses1Member5332932022-04-012022-06-30in-bse-fin:OtherExpenses2Member5332932022-04-012022-06-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5332932022-04-012022-06-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss2

iso4217:INRiso4217:INRxbrli:shares

533293

KIRLOSENG

NOTLISTED

INE146L01010

Kirloskar Oil Engines Limited

Equity

2022-04-01

2023-03-31

2022-08-10

2022-07-28

INR

Crores

First quarter

Single segment

Engines

2022-08-10

13:30:00

2022-08-10

15:30:00

Not applicable

2022-04-01

2022-06-30

Unaudited

Standalone

9530100000

53500000

9583600000

4851200000

2119100000

-359200000

555100000

11000000

205300000

1329900000

8712400000

871200000

228400000

-3000000

225400000

645800000

6800000

652600000

289200000

4.47

4.46

4.47

4.46

Notes- 1. The Company operates in single reportable segment namely 'Engines'. 2. The above statement has been prepared in accordance with The Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of The Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 3.'Consequent to the approval of the Board of Directors in its meeting held on 19th May 2022, the Company has during the quarter ended 30th June 2022 invested Rs. 99.60 Crores in the Rights Issue of 9,96,03,153 equity shares having face value of Rs. 10/- each of Arka Financial Holdings Private Limited (AFHPL), a wholly owned subsidiary, as per payment terms covered in the Letter of Offer issued by AFHPL to the Company. 4.The Nomination and Remuneration Committee of the Board of Directors of the Company in its meeting held on 18th May 2022 has approved the grant of 275,000 employee stock options to the eligible employees of the Company in terms of 'Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019 ("KOEL ESOP 2019") and the special resolutions passed by the Members of the Company at the Annual General Meeting held on 9th August 2019 and 12th August 2021. 5.During the quarter ended 30th June 2022, the Company has allotted 1,571 fully paid-up equity shares of Rs. 2/- each to the option grantees upon exercise of Employee Stock Options pursuant to ‘Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019' ('KOEL ESOP 2019'). Consequent to aforesaid allotment, the paid-up equity share capital of the Company has increased from 14,46,13,861 fully paid-up equity shares of Rs. 2/- each to 14,46,15,432 fully paid-up equity shares of Rs. 2/- each. 6.Exceptional item as disclosed in the column "Quarter ended 31st March 2022" and "Year ended 31st March 2022" comprises of net profit arising on the sale of investment in Arka Fincap Limited (AFL – Subsidiary Company to AFHPL and step down subsidiary of the Company). Pursuant to the approval granted by the Board of Directors in its meeting held on 28th October 2021,the Company had transferred 68,54,22,231 fully paid-up equity shares having face value of Rs. 10/- each of AFL to AFHPL at Rs. 753.96 crores which is not less than the fair market value of equity shares of AFL calculated as per provisions of Income Tax Act, 1961 including rules thereunder and amendment(s) thereto. Accordingly, AFHPL is holding 99.998% of AFL. As such AFL is subsidiary of AFHPL and continues to be a step down subsidiary instead of subsidiary of the Company. 7. The Company has considered the possible effects that may result from COVID-19 in the preparation of these financial results including recovering of carrying amounts of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of COVID-19, the Company has at the date of approval of financial results, used internal and external sources of information and expects that the carrying amount of the assets will be recovered. The impact of COVID-19 on the Company’s financial results may differ from that estimated as at the date of approval of the same. However, the Company does not envisage any significant impact on its business operations. 8. The figures for the quarter ended 31st March 2022 are balancing figures between audited figures in respect of full financial year ended 31st March 2022 and the published year to date figures upto the third quarter ended 31st December 2021 which were subjected to "Limited Review" by the Statutory Auditors of the Company. 9. The figures for the previous quarters/year have been regrouped wherever required to make them comparable with those of the current quarter. 10. The above results for the quarter ended 30th June 2022 are reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 10th August 2022 and are subjected to a "Limited Review" by the Statutory Auditors. 11. Additional notes explaining the alignment of numbers in published results with XBRL : a. Amounts reported in Other Expenses as Expenses capitalised is a separate line item in published results, however as there is no separate placeholder in XBRL hence it is been shown under Total Other Expenses.

Other Expenses

1353600000

Expenses capitalised (Refer note no.11)

-23700000

Notes- 1. The Company operates in single reportable segment namely 'Engines'.

Re-measurement gain / (loss) on defined benefit plans

9100000

Net gain / (loss) on equity instruments measured at FVOCI

9100000

2300000