SHRIPISTON2022-07-012022-09-30SHRIPISTON2022-09-30SHRIPISTON2022-03-31SHRIPISTON2022-04-012022-09-30SHRIPISTON2022-07-012022-09-30in-bse-fin:OtherExpenses1MemberSHRIPISTON2022-04-012022-09-30in-bse-fin:OtherExpenses1MemberSHRIPISTON2022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1SHRIPISTON2022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1SHRIPISTON2022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1SHRIPISTON2022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares000000SHRIPISTONNAINE526E01018Shriram Pistons & Rings LimitedEquity2022-04-012023-03-312022-11-012022-10-22INRLakhsHalf yearlySingle segmentAutomotive components2022-11-0115:45:002022-11-0117:45:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone652190000011820000066401000002566400000247300000-1488000001038000000497000002368000001671700000566110000097900000009790000002333000001590000024920000007298000000000729800000540000073520000073510000002202000001033.1433.140033.1433.140.001800<div> <br></br>
<div>1.The Company deals principally in only one segment i.e. automotive components. </div> <br></br>
<div>2.The results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ( referred to as "IND AS") 34 Interim Financial reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder.</div> <br></br>
<div>3. The Company has taken into account the possible impact of COVID pandemic in preparation of financial results of the quarter ended September 30, 2022, including internal and external factors known to the management upto the date of approval of these results, to assess and finalise the carrying amount of its assets and liabilities. Accordingly, as on date, no material impact is anticipated in the aforesaid carrying amounts. The impact of COVID on the Company's financial statements in future may differ from that estimated as at the date of approval of these Financial Results.</div> <br></br>
<div>4. The Code on Social Security, 2020 (Code) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.</div> <br></br>
<div>5.SPR International Auto Exports Limited ("Subsidiary Company") was incorporated in 2005 and has not commenced any operations since then. Board of Directors of Subsidiary Company in their meeting held on April 4, 2022 decided to make an application to the Registrar of Companies, under Section 248(2) of the Companies Act, 2013 read with Rule 4,5,6 and 8 of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, for removing the name of the Company from Register of Companies. The application for removal of the name of the Subsidiary Company was submitted on September 13, 2022 after passing Special Resolution in the Annual General Meeting of the subsidiary company held on June 28, 2022 to the Registrar of Companies and the same is under process. Status of the Company has been changed from Active to under the process of striking off on the MCA site.</div> <br></br>
<div>6.SPR Engenious Limited has been formed as a wholly owned subsidiary (WOS) of the Company for the purpose of diversifying its product portfolio in the area related to the automotive segment. The WOS has been incorporated with the Registrar of Companies (Delhi & Haryana) on September 26, 2022. However, the WOS neither commenced any business nor issued any share capital till period ending September 30, 2022, hence, the Company does not require to present consolidated financial statements in accordance with IND AS 110 notified under section 133 of the Companies Act 2013.</div> <br></br>
<div>7. The above results were reviewed and recommended by Audit Committee at its meeting held on November 01, 2022 and taken on record by Board of Directors at its meeting held on November 01, 2022. </div></div>2022-04-012022-09-30UnauditedStandalone12723200000186600000129098000005155500000420700000-18880000020419000007980000047680000032102000001119610000017137000000171370000043130000060000004373000000127640000000001276400000256000001302000000130198120002202000001057.9557.950057.9557.950.001800Other Expenses1671700000Other Expenses32102000005611400000513000000149000001061500000198000000048000000007919000008399000000250900000784970000036544000001510000004012100000205600000517190000001547000009695300000032940000013679100000002152880000022020000013543900000137641000001376410000013146000000252300000156690000030930000023480000002600000211360000011274000003371700000277800000477690000065160000089800000132800000056511000000077647000002152880000079800000-319700000-4454000000-459000000-157000000030690000000047680000006840000002468000000-1620000001274000000-7300000000183000000219400000193310000000032840000001604700000000000001460000029960000000080000000000000000000416000000-389100000-6333000000000000010000000000107000003920000088100000509000000-3350000077760000017490000000174900000027728000004521800000Remeasurments of the post employment defined benefit plans1540000015400000Remeasurments of the post employment defined benefit plans4400000044000000390000011100000Fair value change of cash flow hedge-8200000-8200000Fair value change of cash flow hedge-9800000-9800000-2100000-2500000