HIL2023-07-012023-09-30 HIL2023-07-012023-09-30 HIL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member HIL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member HIL2023-09-30 HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue05Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue05Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults05Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member HIL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults05Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets05Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member HIL2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member HIL2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member HIL2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member HIL2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member HIL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities05Member HIL2023-09-30in-bse-fin:OneReportableSegmentLiabilities05Member HIL2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HIL2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HIL2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HIL2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509675 HIL NOTLISTED HIL Limited Equity 2023-04-01 2024-03-31 2023-11-01 2023-10-26 INR Lakhs Half yearly 14:00:00 16:05:00 2023-11-01 2023-11-01 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 7232200000.00 50400000.00 7282600000.00 3813600000.00 821300000.00 -578000000.00 1123300000.00 171600000.00 289200000.00 2021800000.00 7662800000.00 -380200000.00 138600000.00 -241600000.00 -3300000.00 -83900000.00 -87200000.00 0.00 -154400000.00 0.00 0.00 0.00 -3400000.00 -157800000.00 -21800000.00 -179600000.00 0.00 -179600000.00 0.00 75600000.00 10 -20.94 -20.93 0.00 0.00 -20.94 -20.93 Notes:1.The financial results of HIL Limited ( the Company ) and its subsidiaries (the Company and its subsidiaries together referred to as the Group , and its joint venture have been prepared in accordance with Indian Accounting Standards ( Ind AS ) prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2.The above results for the quarter and half year ended 30 September 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 01 November 2023. The statutory auditors have expressed an unmodified review opinion on these results. 3.Current tax for the half year ended 30 September 2022 and year ended 31 March 2023 includes reversal of income-tax expense of earlier years amounting to INR 837.07 lacs on account of receipt of assessment orders from Income Tax Appellate Tribunal. 4.The Company in financial year 1979-80 had invested in Supercor Industries Limited, Nigeria ( Supercor ). Supercor suspended its operations from November 2015 and closed its offices because of which it has not prepared any financial statements since then. Therefore, the Company has been unable to incorporate the requisite financial information, if any, of Supercor in its consolidated financial statements as required under Section 129(3) of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company’s investment in Supercor as at 30 September 2023 amounts to INR NIL (30 September 2022: INR NIL), after considering the provision for diminution in value of investments amounting to INR 142.60 lacs (30 September 2022: INR 142.60 lacs). On the basis of the request filed by the Company in earlier years, an intimation was received from Reserve Bank of India for suspension of the Unique Identification Number allotted to Supercor. 5.The unaudited standalone financial results, for the quarter and half year ended 30 September 2023 can be viewed on the websites of the Company, National Stock Exchange of India Limited (NSE) and BSE Ltd (BSE) at www.hil.in, www.nseindia.com and www.bseindia.com respectively. Information of unaudited standalone financial results of the Company in terms of Regulation 47(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as under: INR in lacs Particulars Quarter ended Half year ended Year ended 30.09.2023 30.06.2023 30.09.2022 30.09.2023 30.09.2022 31.03.2023 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from operations 46554 72189 44841 118743 116782 215521 Profit before tax (including exceptional items) 1930 10011 826 11941 11213 16368 Profit for the period / year after tax 1539 7681 669 9220 9242 13010 Other comprehensive income for the period / year 8 - 129 8 129 88 Total comprehensive income for the period / year 1547 7681 798 9228 9371 13098 Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 17387200000.00 91800000.00 17479000000.00 9262900000.00 1125700000.00 -412300000.00 2260200000.00 267200000.00 590800000.00 4248500000.00 17343000000.00 136000000.00 365100000.00 501100000.00 219000000.00 -148500000.00 70500000.00 0.00 430600000.00 0.00 0.00 0.00 -9800000.00 420800000.00 -44400000.00 376400000.00 0.00 376400000.00 0.00 75600000.00 10 55.83 55.81 0.00 0.00 55.83 55.81 Other Expenses 2021800000.00 Other Expenses 4248500000.00 0.00 9287200000.00 419300000.00 192700000.00 1404200000.00 942000000.00 29400000.00 0.00 6200000.00 3400000.00 2200000.00 264300000.00 178400000.00 448300000.00 55500000.00 149500000.00 12934300000.00 7095400000.00 0.00 1431800000.00 1327900000.00 10100000.00 0.00 554200000.00 3324000000.00 137400000.00 862700000.00 11419500000.00 0.00 0.00 24353800000.00 75600000.00 12558600000.00 12634200000.00 12634200000.00 2128800000.00 0.00 105400000.00 2234200000.00 325500000.00 863200000.00 0.00 0.00 3422900000.00 1947500000.00 4049400000.00 1476200000.00 7473100000.00 329100000.00 362400000.00 132100000.00 0.00 8296700000.00 0.00 0.00 11719600000.00 24353800000.00 6.The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on 13 November 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published. 7.During the year ended 31 March 2023, the Company has received demand from Goods and Services Tax Department, Government of Tamil Nadu, Chennai amounting to INR 7160 lacs for the period 01 July 2017 to 31 August 2022, with regards to HSN (Harmonized System Nomenclature) Classification code of one of the product sold by the Company. Aggrieved by the same, the Company has challenged the said Orders by filing Appeals before Deputy Commissioner (Appeals), Chennai which are pending for disposal. During the half year ended 30 September 2023, a demand for an amount of INR 470 lacs was further received by the Company on this matter for the period 01 September 2022 to 31 March 2023. As on 30 September 2023, the Company has considered the aforesaid amount of INR 7630 lacs as Contingent Liability. 8.During the quarter ended 30 June 2023 and half year ended 30 September 2023, Construction Chemicals business has been moved from Roofing Solutions to Polymer Solutions in view of the high synergy seen in the retail space for these products. Accordingly, Chief Operating Decision Maker (CODM) started reviewing the business performance of Construction chemicals business along with Polymer Solutions. Hence, the Company has changed its operating segments and has restated previously reported information to conform to current period presentation Building Solutions 1275800000.00 Flooring Solutions 2576800000.00 Others 22600000.00 Polymer Solutions 1300500000.00 Roofing Solutions 2068100000.00 Building Solutions 2619400000.00 Flooring Solutions 5513400000.00 Others 41000000.00 Polymer Solutions 2583800000.00 Roofing Solutions 6652500000.00 7243800000.00 17410100000.00 11600000.00 22900000.00 7232200000.00 17387200000.00 Building Solutions 50700000.00 Flooring Solutions -417500000.00 Others 16000000.00 Polymer Solutions 31100000.00 Roofing Solutions 173200000.00 Building Solutions 137600000.00 Flooring Solutions -665000000.00 Others 36800000.00 Polymer Solutions 71800000.00 Roofing Solutions 973900000.00 -146500000.00 555100000.00 9500000.00 24000000.00 89000000.00 9.Certain assets of the Company classified under Assets held for sale category have been sold during the quarter ended 30 June 2023 and quarter ended 30 September 2023. Profit arising on the transaction amounting to INR 2265 lacs for quarter ended 30 June 2023 and INR 1386 lacs for quarter ended 30 September 2023 is presented as Exceptional items in the above results. 10.During the half year ended 30 September 2023, the operations at the Chennai plant of the Company were temporarily suspended due to labour strike called by the contract workers w.e.f 31 May 2023. Consequent to that, the Company announced lock out of the Chennai plant w.e.f 02 June 2023, which was withdrawn on 26 July 2023. The strike declared by the contract workers was called-off and normal production activities had resumed w.e.f 07 August 2023. 11.During the quarter and half year ended 30 September 2023, pursuant to the HIL Limited Employee Stock Option Scheme 2023, the Nomination and Remuneration Committee has approved the grant of 56054 stock options to the eligible employees, out of which 40% of the options will vest on 16 July 2024 and remaining 60% of the options will vest on 01 April 2025. These options are granted at an exercise price of INR 2999.50 per share and are fair valued at INR 1075.72 per share. 39800000.00 -245000000.00 491300000.00 Building Solutions 4335700000.00 Flooring Solutions 10677000000.00 Others 305700000.00 Polymer Solutions 2838900000.00 Roofing Solutions 5199700000.00 23357000000.00 996800000.00 24353800000.00 Building Solutions 1035900000.00 Flooring Solutions 5848600000.00 Others 16900000.00 Polymer Solutions 928100000.00 Roofing Solutions 2369500000.00 10199000000.00 1520600000.00 11719600000.00 267100000.00 -303000000.00 -172900000.00 0.00 -71700000.00 0.00 0.00 392700000.00 0.00 676600000.00 0.00 -38700000.00 0.00 590800000.00 24400000.00 21500000.00 0.00 29700000.00 0.00 21300000.00 0.00 9100000.00 9700000.00 -40000000.00 0.00 -3200000.00 -27900000.00 -371900000.00 0.00 995400000.00 1496500000.00 0.00 0.00 0.00 207000000.00 0.00 1289500000.00 0.00 0.00 903200000.00 899500000.00 0.00 0.00 0.00 0.00 369600000.00 511400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1400000.00 0.00 0.00 0.00 0.00 0.00 9800000.00 0.00 27800000.00 0.00 -101900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1636500000.00 1594300000.00 0.00 58500000.00 188600000.00 253300000.00 0.00 0.00 -458200000.00 729400000.00 -21200000.00 708200000.00 619700000.00 1327900000.00 Remeasurement of Defined Benefit Assets 9900000.00 Remeasurement of Defined Benefit Assets 9900000.00 9900000.00 9900000.00 1900000.00 1900000.00 Exchange difference in translating financial statements of foreign operations -29800000.00 Exchange difference in translating financial statements of foreign operations -52400000.00 -29800000.00 -52400000.00 0.00 0.00