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Kajaria Ceramics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 18 January 2019 and have undergone 'Limited Review' by the statutory auditors of Kajaria Ceramics Limited (the 'Company').



2. The above results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified under section 133 of the Companies Act, 2013.



3. Post the applicability of Goods and Service Tax (GST) with effect from 1 July 2017, Revenue from Operations are required to be disclosed net of GST in accordance with the requirements of Ind AS. Accordingly, the Revenue from Operations for the nine months ended 31 December 2018 is not comparable with the corresponding nine months ended 31 December 2017 presented in the financial results which is reported inclusive of excise duty.



4. The Company's business primarily falls within a single business segment in terms of the Indian Accounting Standard 108, 'Operating Segments' and hence no additional disclosures are being furnished.