HSCL2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member HSCL2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue01Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue02Member HSCL2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue01Member HSCL2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue02Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults01Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults02Member HSCL2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults01Member HSCL2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults02Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets01Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets02Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member HSCL2020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares HSCL 2020-04-01 2021-03-31 2021-02-02 INR Crores Third quarter Multi segment 2020-10-01 2020-12-31 Unaudited Standalone 4668100000.00 42400000.00 4710500000.00 3161700000.00 0.00 235300000.00 186800000.00 67200000.00 110100000.00 676700000.00 4437800000.00 272700000.00 0.00 272700000.00 53000000.00 47100000.00 100100000.00 0.00 172600000.00 0.00 0.00 0.00 0.00 172600000.00 -116800000.00 55800000.00 0.00 0.00 418800000.00 1 0.41 0.41 0.00 0.00 0.41 0.41 (1)tThe 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 9 February 2021. A Limited Review of these standalone financial results for the quarter and nine months ended 31 December 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 t t n(2)tOther expenses includes foreign exchange fluctuation loss (net) of Rs 14.09 crores for the year ended 31 March 2020, and other income includes foreign exchange fluctuation gain (net) of Rs 2.61 crores for the quarter ended 31 December 2020, Rs 2.31 crores for the quarter ended 30 September 2020, Re 0.38 crore for the quarter ended 31 December 2019, Rs 6.18 crores for the nine months ended 31 December 2020 and Rs 3.22 crores for the nine months ended 31 December 2019, on standalone basis. n t t t t t t t t t n(3)tBased 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 tt t t t t t t t n t t t t t t t t t n(4)tSection 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 quarter and year ended 31 March 2020. n t t t t t t t t t n(5)tThe 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 t t n(6)tThe 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 quarter and year ended 31 March 2020. Multi segment 2020-04-01 2020-12-31 Unaudited Standalone 11139200000.00 120900000.00 11260100000.00 7968400000.00 0.00 128000000.00 558500000.00 261500000.00 329600000.00 1616600000.00 10862600000.00 397500000.00 0.00 397500000.00 74700000.00 83300000.00 158000000.00 0.00 239500000.00 0.00 0.00 0.00 0.00 239500000.00 172800000.00 412300000.00 0.00 0.00 418800000.00 1 0.57 0.57 0.00 0.00 0.57 0.57 Other Expenses 676700000.00 Other Expenses 1616600000.00 Carbon materials and chemicals 4638200000.00 Power 225800000.00 Carbon materials and chemicals 11061100000.00 Power 537000000.00 4864000000.00 11598100000.00 195900000.00 458900000.00 4668100000.00 11139200000.00 Carbon materials and chemicals 94000000.00 Power 203500000.00 Carbon materials and chemicals 54600000.00 Power 483500000.00 297500000.00 538100000.00 67200000.00 261500000.00 -42400000.00 Other unallocable expenses net of unallocable income includes other income, foreign exchange loss/ (gain) (net), and exceptional items fully unallocable. n nNotes Contd: n(7)tEarnings per share is not annualised for the quarter ended 31 December 2020, 30 September 2020, 31 December 2019, nine months ended 31 December 2020 and 31 December 2019. n t t t t t t t t t n(8)tThe 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. During the quarter ended 30 September 2020, the Company 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. The management expects to receive report from the engineering firm by the end of February 2021. 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 t t n(9)tThe figures of the corresponding previous periods/year have been regrouped/reclassified, wherever necessary, to conform to the classification for the current quarter and nine months ended 31 December 2020. -120900000.00 272700000.00 397500000.00 Carbon materials and chemicals 23286400000.00 Power 506600000.00 23793000000.00 1867300000.00 25660300000.00 Carbon materials and chemicals 1898300000.00 Power 14100000.00 1912400000.00 6879500000.00 8791900000.00