Ind AS Results Tracker

Ind AS Results Tracker



This week’s tracker features 3 PSU Companies from Nifty 100 list namely Energy Companies Oil India Limited, & GAIL (India) Limited alongwith Industrial Manufacturer BHEL.

Finance Cost (Revaluation of borrowings and unwindings of decommissioning liability) dented the reported previous year Q1 profits of Oil India Limited by Rs. 9.2 crores. Adjustments for remeasurement of defined employee benefits and amortisation of deferred employee benefits impacted profits by 5.03 crores. Taxation impacts including deferred taxes were Rs. 33.84 crores. The total negative impact to previous year profits of Oil India Limited on adoption of Ind AS was Rs.32.21 crores.

GAIL Limited reported that applying Ind AS to previous June Quarter numbers would reduce its profits by Rs. 36.05 crores. Effect of adjustments in Property, Plant & Equipments contributed to negative impact of Rs. 104.66 crores. Fair valuation of derivative contracts on the other hand improved profits by Rs. 86.49 crores.

Bharat Heavy Electricals Limited (BHEL) reported that Actuarial Loss in Defined Benefit Plans recognised in Other Comprehensive Income improved its previous year June quarter profits by Rs. 27.31 crores.