HONDAPOWER2023-01-012023-03-31 HONDAPOWER2023-01-012023-03-31 HONDAPOWER2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member HONDAPOWER2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member HONDAPOWER2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 522064 HONDAPOWER NOTLISTED Honda India Power Products Limited Equity 2022-04-01 2023-03-31 2023-05-12 2023-05-01 INR Lakhs Yearly 19:10:00 20:14:00 2023-05-12 2023-05-12 true Cash Flow Indirect Declaration of unmodified opinion Single segment Power Products 2023-01-01 2023-03-31 Audited Standalone 3133000000.00 49800000.00 3182800000.00 1438600000.00 193500000.00 400500000.00 248200000.00 4100000.00 60500000.00 571700000.00 2917100000.00 265700000.00 -175000000.00 90700000.00 67700000.00 -35100000.00 32600000.00 0.00 58100000.00 0.00 0.00 0.00 0.00 58100000.00 -30000000.00 28100000.00 0.00 0.00 101400000.00 10 5.73 5.73 0.00 0.00 5.73 5.73 Notes to audited financial results: 1. The above financial results of the Company have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards ( Ind AS ) as notified under the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. The statutory auditors have issued unmodified audit report on these results. 2. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 12, 2023. 3. The Company is in the business of “Power Products” which is a single segment in accordance with Ind AS-108 Operating Segment notified pursuant to Companies (Accounting Standards) Rule, 2015. 4. The figures of the quarters ended March 31, 2022 & March 31, 2023 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. 5. The Company’s major export is to its fellow subsidiaries located in the United States of America (USA), Canada, Australia, United Kingdom (UK), 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 the financial year 2021-22, were not in confirmation with required norms in case of Australia, UK, countries in EU/EFTA and in case of USA and Canada, testing results exceeded the declarations on the products but same were within the required norms in respective countries. After countermeasures, the Company restarted dispatches during the year. The necessary corrective action in the stock lying with Australia, United Kingdom (UK), countries in European Union (EU) and European Free Trade Association (EFTA) has been taken and related expenses have been accounted for during the year. In respect of the above matter, the regulatory cost, if any, cannot be ascertained reliably, therefore no provision is being made during the current year. For the stock lying with fellow subsidiaries in the US and Canada, the Company is in discussion to repair the stock lying with them for which the estimated expenses shall be approximately Rs 509 Lacs. In addition to this, the Company may be required to reimburse them for expenses towards inventory holding which is estimated to be Rs. 1,241 Lacs. These amounts are recognized as expense of the year ended 31 March 2023 and disclosed as “Exceptional Items” in the financial results. The reimbursement of expenses to one of the fellow subsidiaries, needs prior approval of shareholders, being related party transactions. 6.The Board of Directors have recommended a dividend of Rs 16.5/- per share (165%of an equity share of par value of Rs. 10/- each) for the year ended March 31, 2023. The Payment is subject to approval of the shareholder at the ensuing Annual General Meeting of the Company. Single segment 2022-04-01 2023-03-31 Audited Standalone 12462900000.00 191700000.00 12654600000.00 6531900000.00 975500000.00 -2900000.00 1270600000.00 5800000.00 207800000.00 2336900000.00 11325600000.00 1329000000.00 -175000000.00 1154000000.00 367400000.00 -64300000.00 303100000.00 0.00 850900000.00 0.00 0.00 0.00 0.00 850900000.00 -30200000.00 820700000.00 0.00 0.00 101400000.00 10 0.00 83.89 83.89 0.00 0.00 83.89 83.89 Other Expenses 571700000.00 Other Expenses 2336900000.00 893600000.00 86800000.00 0.00 0.00 18500000.00 5600000.00 0.00 0.00 0.00 0.00 0.00 134700000.00 134700000.00 145700000.00 521300000.00 1806200000.00 1669500000.00 0.00 708400000.00 1146500000.00 3538200000.00 0.00 78900000.00 5472000000.00 0.00 353700000.00 7495200000.00 0.00 0.00 9301400000.00 101400000.00 7266000000.00 7367400000.00 7367400000.00 0.00 0.00 7800000.00 7800000.00 12000000.00 0.00 0.00 0.00 19800000.00 0.00 947500000.00 310000000.00 1257500000.00 224800000.00 431900000.00 0.00 0.00 1914200000.00 0.00 0.00 1934000000.00 9301400000.00 5800000.00 91400000.00 152900000.00 0.00 445000000.00 21800000.00 0.00 -800000.00 0.00 -228400000.00 0.00 62400000.00 0.00 207800000.00 0.00 225800000.00 0.00 -3300000.00 0.00 0.00 0.00 164800000.00 0.00 0.00 0.00 -14600000.00 0.00 4500000.00 0.00 805500000.00 1959500000.00 0.00 0.00 0.00 386200000.00 0.00 1573300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11700000.00 281900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 108400000.00 0.00 -1322900000.00 0.00 -1498600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 152100000.00 4400000.00 0.00 -5500000.00 -162000000.00 -87300000.00 15000000.00 -72300000.00 1218800000.00 1146500000.00 -40300000.00 -40600000.00 -10300000.00 -10400000.00 0.00 0.00