5300052022-07-012022-09-305300052022-09-305300052022-03-315300052022-04-012022-09-305300052022-07-012022-09-30in-bse-fin:OtherExpenses1Member5300052022-07-012022-09-30in-bse-fin:OtherExpenses2Member5300052022-07-012022-09-30in-bse-fin:OtherExpenses3Member5300052022-04-012022-09-30in-bse-fin:OtherExpenses1Member5300052022-04-012022-09-30in-bse-fin:OtherExpenses2Member5300052022-04-012022-09-30in-bse-fin:OtherExpenses3Member5300052022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15300052022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15300052022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15300052022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares530005INDIACEMINE383A01012THE INDIA CEMENTS LIMITEDEquity2022-04-012023-03-312022-11-072022-10-31INRCroresHalf yearlySingle segmentManufacturing and Marketing of Cement2022-11-0709:30:002022-11-0711:00:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated13270600000106400000133770000002383900000519500000-250000009087000006951000005522000001024570000015280100000-19031000000-19031000000-692100000-6921000000-121100000000078400000-113260000010100000-112250000000309900000010-3.62-3.6200-3.62-3.62Notes: <BR> <BR> 1.The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 6th November 2022 and 7th November 2022 respectively. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 5.The Company had invested in Springway Mining Private Limited (SMPL) in December 2018 and SMPL was a subsidiary of the Company. In furtherance of various project related initiatives, the Company had so far invested Rs.308.72 crores from time to time till October 7, 2022, including loans and advances to SMPL aggregating to Rs.126.12 crores towards procurement of land.The Company had executed a Share Purchase Agreement (SPA) on October 10, 2022 for the sale of the entire investment for an agreed consideration of Rs.476.88 crores.The transaction for sale of investment stated above also contemplates that advances made towards the Purchase of Land amounting to Rs.126.12 crores shall also be returned to the Company.The buyers have paid an advance of Rs.500 crores on signing the SPA and the balance will be paid on or before December 31, 2022 on completion of certain conditions. The financial results does not include the effect of the said sale transaction. <BR> <BR> 6.Other Comprehensive income for the year ended 31st March 2022 includes Rs.196.28 crores representing increase in fair value of Property,Plant and Equipments, based on valuation report by a registered valuer. <BR> <BR> 7.The company has opted for rates of Income tax as specified under Section 115BAA of The Income Tax Act 1961 for and from AY 22-23 i.e., for the year ended 31st March 2022.Consequent to which, the company’s deferred tax has been recomputed during the current financial year. <BR> <BR> 8.(i) The Statutory Auditors have carried out a limited review of the financial results for the quarter and Half year ended 30th September 2022. <BR> (ii) The previous periods' figures have been regrouped to conform to Current period's required classification. <BR> <BR> Chennai <BR> 7th November 2022 <BR> <BR> for THE INDIA CEMENTS LIMITED <BR> N.SRINIVASAN <BR> Vice Chairman & Managing Director2022-04-012022-09-30UnauditedConsolidated28414100000209200000286233000004889300000743200000-2421000001837200000130120000010898000002155050000031169100000-25458000000-25458000000-2173100000-21731000000-37270000000039900000-33280000060100000-27270000000309900000010-0.88-0.8800-0.88-0.88 Power and Fuel6084600000 Transportation & Handling2574700000 Other Expenses1586400000 Power and Fuel12396800000 Transportation & Handling5772400000 Other Expenses338130000068902000000320080000023178000005178000004096500000110849000008956000001607700000038385000009485390000073774000003910000099536000006435000000310800000107370000012020700000137500000666360000026199200000121053100000309900000056098700000591977000008139000006001160000020267900000276000002029550000017266000002874400000621860000031115100000941240000014511000000310640000027029800000235350000051650000026600000299264000006104150000012105310000010952000001066700000-6423000000-7429000000-343700000-536600000015462000000731100000-868000001089800000082400000-1286000002316300000-580000003000006520000000000-166700000052088000002663000000000223000000264070000000000000110700000132050000000000000000000000300000652000000880100000-2642000000000000029300000004110700000000101530000000-21960000001805000000180500000463000000643500000Items that will not be reclassified to Profit / (Loss)64000006400000Items that will not be reclassified to Profit / (Loss)32200000322000001590000015900000Items that will be reclassified to Profit / (Loss)1960000019600000Items that will be reclassified to Profit / (Loss)438000004380000000