INDIACEM2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member INDIACEM2021-04-012021-06-30in-bse-fin:OneOperatingExpenses02Member INDIACEM2021-04-012021-06-30in-bse-fin:OneOperatingExpenses03Member INDIACEM2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member INDIACEM2021-04-012021-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares INDIACEM 2021-04-01 2022-03-31 2021-08-04 INR Crores First quarter Single segment Manufacturing and Marketing of Cement 2021-04-01 2021-06-30 Unaudited Standalone 10224900000.00 30500000.00 10255400000.00 1737200000.00 0.00 -523300000.00 826800000.00 545100000.00 544700000.00 6564300000.00 9694800000.00 560600000.00 0.00 560600000.00 94400000.00 92000000.00 186400000.00 0.00 374200000.00 0.00 0.00 0.00 0.00 374200000.00 6800000.00 381000000.00 0.00 0.00 3099000000.00 10 1.23 1.23 0.00 0.00 1.23 1.23 Notes: 1.The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 10th August 2021 and 11th August 2021 respectively. 2.The Company is primarily engaged in manufacture and marketing of cement and cement related products. Subsidiaries and Associate companies are mainly engaged in the business of Sugar, Power, Financial Services, Trading, Mining and Transportation. The reportable segment is only cement. 3.Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority during 2015. The Company has already appealed against the Order of the said attachment and the matter is presently Sub judice. The Auditors have continued to draw an emphasis on this matter in their Report. 4.The Competition Commission of India (CCI) vide its Order dated 31.08.2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25/07/2018 dismissed the appeal filed by the Company. Against this the Company has filed an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5-10-2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. The Auditors have continued to draw an emphasis on this matter in their Report. 5.a) The spread of novel coronavirus disease (COVID 19) has severely impacted businesses in India and abroad. The regular business operations have been disrupted during the quarter due to lockdowns, restrictions in transportation, supply chain disruptions, travel bans, social distancing and other emergency measures imposed by the Government. The pandemic situation has affected the normal business operations of the Company and production, sales and profitability, inter alia, have been impacted. b) The Company also has assessed, in line with Advisory on Impact of Coronavirus on Financial Reporting issued by the Institute of Chartered Accountants of India, the recoverability and carrying values of its assets comprising property, plant and equipment, intangible assets, trade receivables, inventory and investments as at the balance sheet date. Based on the assessment by the Management the net carrying values of the said assets will be recovered at the values stated. The Company evaluated the internal controls including internal controls with reference to financial statements, which have been found to be operating effectively given that there have been no dilution of such controls due to factors caused by COVID 19 situation. 6.(i) The Statutory Auditors have carried out a limited review of the financial results for the quarter ended 30th June 2021. (ii) The figures for the quarter ended 31.03.2021 are the balancing figures between audited figures in respect of the financial year 2020-21 and the year to date figures upto the quarter ended 31.12.2020. (iii) The previous periods' figures have been regrouped to confirm to Current period's required classification. Chennai 11th August 2021 For THE INDIA CEMENTS LIMITED N.SRINIVASAN Vice Chairman & Managing Director Other Expenses 1186600000.00 Power and Fuel 3052700000.00 Transportation & Handling 2325000000.00