5328302022-04-012022-06-305328302022-06-305328302022-04-012022-06-30in-bse-fin:OtherExpenses1Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments2Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments2Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments1Member5328302022-06-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments2Member5328302022-06-30in-bse-fin:ReportableSegments2Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments1Member5328302022-06-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-06-30in-bse-fin:ReportableSegments2Member5328302022-06-30in-bse-fin:ReportableSegments2Memberiso4217:INRiso4217:INRxbrli:shares532830ASTRALNOTLISTEDINE006I01046Astral LimitedEquity2022-04-012023-03-312022-08-122022-08-03INRMillionsFirst quarterMulti segment2022-08-1214:00:002022-08-1215:30:00Not applicable2022-04-012022-06-30UnauditedConsolidated1212900000011400000012243000000865000000099000000-39800000076800000014400000043300000012930000001098900000012540000000125400000031600000003160000000938000000230000000230000000961000000-55000000906000000889000000720000008450000006100000020100000014.424.42004.424.42Notes: <BR> <BR> 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of Holding Company in their meeting held on August 12, 2022 and reviewed by the Statutory Auditors of the Holding company. <BR> <BR> 2. Figures for the quarter ended March 31, 2022 represents the difference between the audited figures in respect to the full financial year and the published figures of nine months ended December 31, 2021, which were subjected to limited review. <BR> <BR> 3. During the quarter ended March 31, 2022, one of the Indian Subsidiary had fire in the storage section of factory premises, damaging Inventories and Property, Plant and Equipment (PPE). As per the best estimate of the management, the said Subsidiary Company had recognised insurance claim receivable amounting to Rs . 102 million to the extent of corresponding loss of inventories and PPE amounting to Rs . 102 million which were charged off in profit and loss statement under the head 'Exceptional Items'. <BR> <BR> 4. The Group has considered the impact of COVID-19 pandemic on its business operations and financial results based on its review of current indicators of future economic conditions and expects that the carrying amount of the assets will be recovered. However, the impact assessment of this pandemic is a continuing process given the uncertainties associated with its nature and duration. Accordingly, the Group will continue to monitor any material changes to future economic conditions. <BR> <BR> 5. Tax expenses includes current tax and deferred tax. <BR> <BR> 6. The Holding Company has entered into definitive agreements with Gem Paints Private Limited (hereafter known as Gem Paints) and its shareholders to acquire 51% controlling stake in its Operating Paint Business w.e.f. April 1, 2022. Presently, the Holding Company has subscribed to optionally convertible debentures, allowing the Holding Company to appoint majority of the directors on board of Gem Paints Private Limited for a consideration of Rs. 1,940 million. Basis the above, Gem Paints has become subsidiary of the Holding Company. Gem Paints is engaged into the business of manufacturing and supply of various types of paints, varnishes,' coatings, products <BR> related to home decor, industrial paints. <BR> <BR> Under the definitive agreements, the operating paint business of Gem Paints is proposed to be demerged to a subsidiary of Gem Paints, wherein the Holding Company will acquire 51% controlling stake. Presently, the scheme of arrangement for demerger is under process of fillirig for regulatory approvals. <BR> <BR> The Group has accounted the above acquisition as per Ind AS 103, Business Combinations and consideration has been allocated on provisional fair value of acquired assets and liabilities. <BR> <BR> The non-operating business of Gem Paints including its subsidiaries and associates, in terms of Ind AS 105, has been classified as assets held for sale and liabilities associated with asset held for sale. Accordingly, net profit generated from non-operating business of Gem Paints is Rs. 23 million presented as Profit from discontinued operations in the above results. <BR> <BR> The financial results including segment information for the current quarter includes financial information of Gem Paints including its subsidiaries and associates and hence, not comparable to the previous reported periods. <BR> <BR> 7. The Holding Company had entered in to the business of manufacturing and supply of faucets and sanitaryware. For the said purpose the Holding Company has purchased ready to use Property, Plant and Equipment at Jamnagar, Gujarat. <BR> <BR> 8. The figures for the previous periods have been regrouped / reclassified wherever necessary to confirm with the current period's classification.Other Expenses1293000000Plumbing8761000000Paints and Adhesives33680000001212900000012129000000Plumbing977000000Paints and Adhesives3160000001293000000144000000-1050000001254000000Plumbing21701000000Paints and Adhesives1413900000035840000000363700000039477000000Plumbing6090000000Paints and Adhesives21990000008289000000498500000013274000000055000000