GABRIEL2023-07-012023-09-30 GABRIEL2023-07-012023-09-30 GABRIEL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member GABRIEL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member GABRIEL2023-09-30 GABRIEL2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GABRIEL2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GABRIEL2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GABRIEL2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505714 GABRIEL NOTLSITED Gabriel India Limited Equity 2023-04-01 2024-03-31 2023-11-03 2023-10-23 INR Millions Half yearly 10:25:00 12:55:00 2023-11-03 2023-11-03 true Cash Flow Indirect Not applicable Single segment Auto components and parts 2023-07-01 2023-09-30 Unaudited Consolidated 8644480000.00 45910000.00 8690390000.00 6513610000.00 89570000.00 -96610000.00 541640000.00 21190000.00 141370000.00 858050000.00 8068820000.00 621570000.00 0.00 621570000.00 185750000.00 -27480000.00 158270000.00 0.00 463300000.00 0.00 0.00 0.00 0.00 463300000.00 16770000.00 480070000.00 0.00 0.00 0.00 0.00 143640000.00 1 3.23 3.23 0.00 0.00 3.23 3.23 1. These financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles. 2. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 03, 2023. The Statutory Auditors have expressed an unmodified report on the results. 3. During the previous quarter, the Company has accquired 100% of equity shares of Inalfa Gabriel Sunroof Systems Private Limited ('IGSSPL') and entered into a technical collaboration agreement with Inalfa Roof Systems B.V. of the Netherlands ('Inalfa') to undertake the activities of manufacture and sale of the automotive sunroofs through IGSSPL. The Board of Directors of the Company has also accorded its approval to execute the joint venture agreement between Inalfa and the Company, subject to receipt of requisite approvals, pursuant to which the shareholding of Inalfa and the Company in IGSSPL will be in the ratio of 51:49 in accordance with the terms contained therein. The financial results for the quarter ended June 30, 2023 were the first consolidated financial results of the Company, hence there are no corresponding figures to prior year. 4. The Board of Directors in their meeting held on Novemeber 03, 2023, declared an Interim Dividend of Rs. 1.50 per share of Rs.1 each, for the period ended September 30,2023. The record date for the same is November 17, 2023. In accordance with Ind AS-10 'Event reporting date ' as notified by the Ministry of Corporate Affairs through Amendment to companies (Accounting Standards) Amendment Rules, 2016 dated March 30, 2016 the Company has not accounted for Interim dividend as liability as at September 30, 2023. 5. During the current quarter, the Company had incorporated a wholly owned subisdiary Gabriel Europe Engineering Centre ('G.E.E.C.') in Belgium to undertake research and development of vehicle component. 6. As the Company's business activity falls within a single operating segment viz. auto components and parts , no segment information is required to be disclosed. 7. The Code on Social Security,2020 ('Code'), relating to employee benefits during employement and post- employment, recieved Indian Parliament approval and Presidential assent in September, 2020. The Code has been published in the Gazatte 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. 8. The Company has recieved an assessment order dated 31st Oct 2023 under Goods and Service Tax Act, 2017 pertaining to financial year 2017-18 form the office from the office of commercial tax officer of Tamil Nadu, raising a total demand of Rs. 1,302.6 MN (including interest and penalty). The Authorities has assessed the liability on account of mismatch in GST reconciliation, Input tax credit and tax liablity under reverse charge mechanism. The Company is in process of seeking appropriate action at designated forum. There is no forseeable impact on the financials performance, operations or other activities of the Company due to receipt of this Order. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 16702160000.00 96840000.00 16799000000.00 12488190000.00 195700000.00 -151730000.00 1038300000.00 43490000.00 278730000.00 1712600000.00 15605280000.00 1193720000.00 0.00 1193720000.00 339010000.00 -28750000.00 310260000.00 0.00 883460000.00 0.00 0.00 0.00 0.00 883460000.00 -12830000.00 870630000.00 0.00 0.00 0.00 0.00 143640000.00 1 6.15 6.15 0.00 0.00 6.15 6.15 Other Expenses 858050000.00 Other Expenses 1712600000.00 0.00 3920580000.00 758270000.00 63240000.00 468920000.00 85850000.00 65700000.00 0.00 0.00 11400000.00 0.00 13630000.00 135260000.00 160290000.00 54510000.00 148940000.00 5726300000.00 2467900000.00 830150000.00 4494720000.00 516000000.00 675370000.00 4660000.00 868080000.00 7388980000.00 367220000.00 10224100000.00 15950400000.00 143640000.00 9192420000.00 9336060000.00 9336060000.00 456240000.00 456240000.00 133810000.00 126230000.00 716280000.00 33430000.00 4952250000.00 525980000.00 5511660000.00 144630000.00 168770000.00 73000000.00 5898060000.00 6614340000.00 15950400000.00 The statement of consolidated assets and liabilities as at September 30, 2023 is the first consolidated consolidated statement of the Company, hence there are no corresponding figures for prior year. 43490000.00 -219830000.00 -662230000.00 0.00 -76860000.00 12140000.00 -14140000.00 550000.00 0.00 547600000.00 0.00 -54840000.00 0.00 278730000.00 0.00 -56000000.00 2510000.00 -7830000.00 0.00 4210000.00 0.00 0.00 0.00 -4260000.00 0.00 0.00 0.00 0.00 0.00 -206760000.00 986960000.00 0.00 0.00 -62870000.00 277010000.00 -25530000.00 621550000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2270000.00 566320000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16920000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50050000.00 0.00 307350000.00 0.00 -223570000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11990000.00 237870000.00 30200000.00 0.00 -180000.00 -280240000.00 117740000.00 0.00 117740000.00 398260000.00 516000000.00 Remeasurement of post-employment benefit obligationn -4330000.00 Remeasurement of post-employment benefit obligationn -21220000.00 -4330000.00 -21220000.00 -1090000.00 -5340000.00 Net gains/(loss) on cash flow hedges 26740000.00 Net gains/(loss) on cash flow hedges 4070000.00 26740000.00 4070000.00 6730000.00 1020000.00