MANGCHEFER2023-04-012023-06-30 MANGCHEFER2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member MANGCHEFER2023-06-30 MANGCHEFER2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530011 MANGCHEFER NOTLISTED Mangalore Chemicals & Fertilizers Limited Equity 2023-04-01 2024-03-31 2023-08-07 2023-07-28 INR Lakhs First quarter 14:00:00 17:55:00 2023-08-07 2023-08-07 Not applicable Single segment FERTILIZER 2023-04-01 2023-06-30 Unaudited Standalone 9580304000.00 73681000.00 9653985000.00 5450209000.00 4485294000.00 -4293744000.00 183197000.00 303423000.00 172082000.00 2592288000.00 8892749000.00 761236000.00 0.00 761236000.00 131200000.00 137154000.00 268354000.00 0.00 492882000.00 0.00 0.00 0.00 0.00 492882000.00 -3487000.00 489395000.00 0.00 0.00 1185487000.00 10 4.16 4.16 0.00 0.00 4.16 4.16 1. The unaudited financial results for the quarter ended June 30, 2023 of Mangalore Chemicals and Fertilizers Limited (“the Company”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 07, 2023 and has been subjected to limited review by auditors. 2. The unaudited financial results have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013, read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The Company is engaged in the manufacture, sale and trading of fertilisers which constitutes a single operating segment as per Ind AS 108 and hence separate segment disclosures have not been furnished. 4. The urea concession income for the period / year has been recognized based on management’s estimate, pending finalization by the Government of India (‘GOI’). 5. The Company had during the year ended March 31, 2021 recognised urea subsidy income of INR 2,914 Lakhs without benchmarking its cost of production using naphtha with that of gas-based urea manufacturing units recently converted to natural gas, as notified by the Department of Fertilizers [DoF] for subsidy income computation, against which the Company had filed a writ petition against the DoF before the Hon’ble High Court of Delhi [DHC]. Pending finalization of writ petition before the DHC, the management, based on legal opinion and considering the fact that the energy cost is always a pass through in subsidy computation, believes that artificial benchmarking is arbitrary and discriminatory and is confident of realisation of the aforesaid subsidy income. 6. The Code on Social Security, 2020 ('Code’) relating to employee benefits received Presidential assent in September 2020. However, effective date and the final Rules/ interpretation have not yet been notified / issued. The Company will assess the impact of the Code and recognize the same, if any, once the Code comes into effect. 7. The figures of the quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of the financial year up to March 31, 2023 and the unaudited published year-to-date figures up to December 31, 2022 of the financial year which was subjected to limited review. 8. Previous year / period’s figures have been regrouped / rearranged wherever considered necessary, to conform with current period’s classification. Other Expenses 2592288000.00 Re-measurement gains/(losses) on defined benefit plan -5360000.00 -5360000.00 -1873000.00 0.00