JTEKTINDIA2023-01-012023-03-31 JTEKTINDIA2023-01-012023-03-31 JTEKTINDIA2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member JTEKTINDIA2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member JTEKTINDIA2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 520057 JTEKTINDIA NOTLISTED Jtekt India Limited Equity 2022-04-01 2023-03-31 2023-05-22 2023-05-05 INR Lakhs Yearly 12:30:00 14:24:00 2023-05-22 2023-05-22 true Cash Flow Indirect Declaration of unmodified opinion Single segment Auto Components for Four Wheelers 2023-01-01 2023-03-31 Audited Consolidated 5301835000.00 19521000.00 5321356000.00 3599519000.00 0.00 117727000.00 516977000.00 12186000.00 192378000.00 563508000.00 5002295000.00 319061000.00 0.00 319061000.00 81176000.00 -23912000.00 57264000.00 0.00 261797000.00 0.00 0.00 0.00 0.00 261797000.00 -3814000.00 257983000.00 250692000.00 11105000.00 -3020000.00 -794000.00 244480000.00 1 1.03 1.03 0.00 0.00 1.03 1.03 Notes: 1. The above Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2023, were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 22 May 2023. The said results along with the audit report of the Statutory auditors are available on the Bombay Stock Exchange ('BSE') website (URL:www.bseindia.com), the National Stock Exchange ('NSE') website (URL:www.nseindia.com) and on the Company's website (URL:www.jtekt.co.in). The consolidated financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013. 2.Particulars of subsidiary - JTEKT Fuji Kiko Automotive India Limited. 3.The Group is primarily engaged in the business of manufacturing of automotive components. There is no separate reportable segment as per Ind AS 108 Operating Segments . The operating segment has been defined based on regular review by the Company's Chief Operating Decision Maker to assess the performance of the Company and to make decision about allocation of resources. 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 Group 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. 5. a) During the quarter ended 30 June 2022 and 30 June 2021, a voluntary retirement scheme ('VRS') was offered to the workmen and the Company has incurred cost of 326.01 lakhs and 153.68 lakhs respectively. Accordingly, the Company has recorded the VRS cost as an 'Exceptional item'. b) During the quarter ended 31 March 2022, the Company has shifted its manufacturing opertations at Sanand facility to other locations. Owing to the said relocation, the Company has evaluated the recoverable value for the assets at the facility and recognised an impairment loss of 492.34 lakhs based on expected cash inflows and relocation expenses of 31.50 lakhs in the quarter ending 31 March 2022 as an 'Exceptional item'. 6. During the current year, the Board of directors of the Company has approved the scheme of amalgamation between the Company ('Amalgamated Company') and JTEKT Fuji Kiko Automotive India Limited ('Amalgamating Company'). The application is pending with NCLT for necessary approvals. 7. The Board at its meeting held on 22 May 2023 considered and recommended a final dividend 50 % i.e. 0.50 per equity share of Rs. 1.00 each for the financial year 2022- 23. The dates of the Book Closure for the entitlement of such dividend and Annual General Meeting shall be decided and informed in due course of time. 8. The Board of Directors in its meeting held on 28 March 2023, approved the disposal of a land parcel of one acre situated at Gurugram having carrying value of 21.14 lakhs as at 31 March 2023. The transaction was completed subsequent to the year end at a consideration of 780 lakhs. Accordingly, the sale transaction has been considered as material subsequent non adjusting event. The carrying value of the land has been transferred to 'Assets held for sale' as at 31 March 2023. 9. The figures of the quarter ended 31 March 2023 and the corresponding quarter ended in the previous year as reported in the Statement, are the balancing figures between the audited figures in respect of full financial year and the unaudited published figures up to the third quarter ended 31 December of respective years. Single segment 2022-04-01 2023-03-31 Audited Consolidated 20439306000.00 85624000.00 20524930000.00 14513775000.00 818000.00 -53245000.00 2161755000.00 47378000.00 731968000.00 1948117000.00 19350566000.00 1174364000.00 -32601000.00 1141763000.00 306283000.00 -35687000.00 270596000.00 0.00 871167000.00 0.00 0.00 0.00 0.00 871167000.00 -6741000.00 864426000.00 813708000.00 57459000.00 -6525000.00 -216000.00 244480000.00 1 0.00 3.33 3.33 0.00 0.00 3.33 3.33 Other Expenses 563508000.00 Other Expenses 1948117000.00 309489000.00 4515400000.00 251160000.00 54333000.00 0.00 235827000.00 0.00 0.00 0.00 85996000.00 85996000.00 30737000.00 122154000.00 5295607000.00 1876244000.00 0.00 2805723000.00 465993000.00 100000000.00 413000.00 6841000.00 3378970000.00 17130000.00 172416000.00 5444760000.00 2114000.00 0.00 10742481000.00 244480000.00 6783221000.00 7027701000.00 7337190000.00 308979000.00 0.00 308979000.00 96310000.00 5463000.00 0.00 40536000.00 451288000.00 268121000.00 2202472000.00 211303000.00 2681896000.00 143896000.00 100415000.00 27796000.00 0.00 2954003000.00 0.00 0.00 3405291000.00 10742481000.00 0.00 -427487000.00 -389739000.00 0.00 -5699000.00 0.00 0.00 -6492000.00 0.00 217171000.00 0.00 -56082000.00 0.00 731968000.00 0.00 45577000.00 0.00 -8953000.00 0.00 11189000.00 0.00 29169000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 82284000.00 1224047000.00 0.00 -47378000.00 0.00 309502000.00 -9919000.00 952004000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30742000.00 852781000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120580000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32391000.00 0.00 65800000.00 0.00 -844428000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 126880000.00 219990000.00 0.00 3503000.00 143226000.00 39888000.00 0.00 0.00 -279727000.00 -172151000.00 0.00 -172151000.00 638144000.00 465993000.00 -5096000.00 -9008000.00 -1282000.00 -2267000.00