HONDAPOWER2022-01-012022-03-31in-bse-fin:OneOperatingExpenses01Member HONDAPOWER2022-01-012022-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares HONDAPOWER 2021-04-01 2022-03-31 2022-05-06 INR Lakhs Yearly true Cash Flow Indirect Single segment Power Products 2022-01-01 2022-03-31 Unaudited Standalone 3236700000.00 30600000.00 3267300000.00 1646700000.00 231800000.00 212500000.00 287200000.00 2800000.00 45800000.00 628000000.00 3054800000.00 212500000.00 0.00 212500000.00 56200000.00 500000.00 56700000.00 0.00 155800000.00 0.00 0.00 0.00 0.00 155800000.00 400000.00 156200000.00 0.00 0.00 101400000.00 10 15.36 15.36 0.00 0.00 15.36 15.36 Notes to unaudited / audited financial results: 1. The above financial results of the Company have been prepared in accordance with the recognition and management principles of Indian Accounting Standards ( Ind AS ) as notified under the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. 2. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 28, 2022. 3. The Company is in the business of “Power Products” which is a single business segment in accordance with Ind AS-108 Operating Segment notified pursuant to Companies (Accounting Standards) Rule, 2015. 4. The Company has assessed the possible impact of COVID-19, considering internal and external factors, on liquidity position, carrying amount of Property, Plant and Equipment, Inventories, Receivables and Other Current Assets. Based on current economic conditions, the Company expects to recover the carrying amount of these assets. Accordingly, as on date, the management doesn’t foresee any material impact on its financial results. 5. The figures of the quarters ending March 31, 2021 & March 31, 2022 are the balancing figures between the audited figures in respect of the relevant financial years and the published unaudited year to date figures up to the third quarter of the relevant financial years. 6. Pursuant to the amendment dated March 24, 2021 by the Ministry of Corporate Affairs related to Division II of Schedule III to the Companies Act, 2013, Loans and Advances of Rs. 103 lacs as on March 31, 2021 have been reclassified from Loans and Advances (non-current) to Other financial assets (non- current) and Loans and Advances of Rs. 46 lacs from “Loans and Advances (current)” to “Other financial assets (current)”. 7. The Company’s major export is to its fellow subsidiaries located in the United States of America (USA), Canada, Australia, United Kingdom (UK) and the countries in European Union (EU) and European Free Trade Association (EFTA). In line with the regulatory requirements of the above mentioned countries, the Company is required to do product line testing (PLT) on regular intervals for one of the key products being sold to these countries to comply with emission norms. Results of such testing done during 2nd half of the financial year 2021-22, were not in confirmation with required norms in case of Australia, UK, and the countries in EU/EFTA and exceeded the declarations on the products but within the required norms in case of USA and Canada models. As a precautionary measure, the Company stopped dispatches during March 2022 and is further analyzing the root cause. Further, the Company is assessing the coverage and its monetary impact which may be in the form of replacement cost of components in the products and regulatory fees, if any, in the importing countries. The Company would be engaging with a lawyer after ascertaining the root cause for this issue along with countermeasures for taking up the matter with regulatory authorities in related regions. Considering the above-mentioned facts, it is not practicable for the management to make reasonable estimate regarding the ultimate outcome of the matter and the corresponding impact in the current financial results. 8. The Board of Directors have recommended a dividend of Rs. 15/- per share (150%of an equity share of par value of Rs. 10/- each) for the year ended March 31, 2022. The Payment is subject to approval of the shareholder at the ensuing Annual General Meeting of the Company. Single segment 2021-04-01 2022-03-31 Audited Standalone 11562900000.00 168400000.00 11731300000.00 6516500000.00 947200000.00 -144000000.00 1174000000.00 4800000.00 185200000.00 2047000000.00 10730700000.00 1000600000.00 0.00 1000600000.00 265000000.00 -9700000.00 255300000.00 0.00 745300000.00 0.00 0.00 0.00 0.00 745300000.00 -200000.00 745100000.00 0.00 0.00 101400000.00 10 6597400000.00 73.48 73.48 0.00 0.00 73.48 73.48 Other Expenses 628000000.00 Other Expenses 2047000000.00 4800000.00 -162500000.00 -56800000.00 0.00 -228000000.00 21800000.00 0.00 -1600000.00 0.00 41100000.00 0.00 -79400000.00 0.00 185200000.00 0.00 1800000.00 0.00 24900000.00 0.00 12100000.00 0.00 126600000.00 0.00 0.00 0.00 -300000.00 0.00 3600000.00 0.00 -359900000.00 640700000.00 0.00 0.00 0.00 271700000.00 0.00 369000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5300000.00 151700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15000000.00 0.00 0.00 0.00 0.00 0.00 1600000000.00 0.00 0.00 0.00 124000000.00 0.00 -1401900000.00 0.00 160700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6700000.00 101400000.00 4800000.00 0.00 0.00 -112900000.00 416800000.00 -600000.00 416200000.00 802600000.00 1218800000.00