JTEKTINDIA2023-04-012023-06-30 JTEKTINDIA2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member JTEKTINDIA2023-06-30 JTEKTINDIA2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JTEKTINDIA2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 520057 JTEKTINDIA NOTLISTED Jtekt India Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-07-28 INR Lakhs First quarter 11:15:00 12:50:00 2023-08-10 2023-08-10 Not applicable Single segment Auto Components for Four Wheelers 2023-04-01 2023-06-30 Unaudited Standalone 4853573000.00 33666000.00 4887239000.00 3553198000.00 57519000.00 -6303000.00 524584000.00 12948000.00 175435000.00 438240000.00 4755621000.00 131618000.00 73926000.00 205544000.00 47828000.00 3790000.00 51618000.00 0.00 153926000.00 0.00 0.00 0.00 0.00 153926000.00 -1575000.00 152351000.00 0.00 0.00 244480000.00 1 0.63 0.63 0.00 0.00 0.63 0.63 1) The above Statement of Unaudited Standalone Financial Results for the quarter ended 30 June 2023, were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 10 August 2023. The said results along with the limited review 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 standalone 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) The Company 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. 3) 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 Company 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. 4) (a) During the quarter ended 30 June 2023, the Company has sold an agricultural land located at Gurugram at a consideration of INR 780.00 lakhs. Consequently, gain on the sale of land amounting to INR 739.26 lakhs (after netting off related selling expenses of Rs 19.60 lakhs) has been recognized as an 'Exceptional item'. (b) During the quarter ended 30 June 2022, a voluntary retirement scheme ('VRS') was offered to the workmen and the Company has incurred cost of Rs. 326.01 lakhs. Accordingly, the Company has recorded the VRS cost as an 'Exceptional item'. 5) During the previous 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. 6) The Board at its meeting held on 22 May 2023 considered and recommended a final dividend @ 50 % i.e. Rs. 0.50 per equity share of Rs. 1.00 each for the financial year 2022- 23. The same is subject to approval by the Shareholders at their Annual General Meeting to be held on 11 August 2023. 7) The figures of the quarter ended 31 March 2023 as reported in the Statement, are the balancing figures between the audited figures in respect of full financial year ended 31 March 2023 and the published year to date figures up to 31 December 2022, being the date of the end of the third quarter which have been reviewed by the statutory auditors. Other Expenses 438240000.00 (Loss) / income on remeasurement of defined benefit obligation -2105000.00 -2105000.00 -530000.00 Effective portion of (loss)/ gain on cash flow hedge instruments 0.00 0.00 0.00