By Vivek K. Mobile: 09920183006 Email:firstname.lastname@example.org
The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and half year ended September 30, 2018.
HVL Standalone Results:-
HVL on standalone basis reported a total income of Rs. 26.72 Crores for the half year ended September 30, 2018.
Pursuant to adoption of IND AS, the mark to market gains in respect of equity shares held by the Company in IndusInd Bank Limited were reflected in the Balance Sheet as on March 31, 2018. The price at which the mark to market adjustment was carried out in the Balance Sheet on March 31, 2018 was Rs. 1796.75 per share. The corresponding market price as on September 30, 2018 was Rs. 1690.05 per share. This reduction in value in respect of shares held as “Stock in trade” is reflected in the Profit & Loss Account for the current period and in respect of shares held as “Investments” is reflected in “Other Comprehensive Income” in the reserves of the Balance Sheet for the current period.