Integrated Filing — IndAS



General information about company
Scrip Code 544430
NSE Symbol SAMBHV
MSEI Symbol NOTLISTED
ISIN INE12NJ01018
Name of company Sambhv Steel Tubes Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 14-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment The Company is in the business of manufacturing steel products having similar economic characteristics, primarily with operations in India. Hence, there is one operating segment.
Start date and time of board meeting 14-Jul-2025   13:04:00
End date and time of board meeting 14-Jul-2025   13:39:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 4952630000 15113550000
Other income 26320000 53460000
Total income 4978950000 15167010000
2 Expenses
(a) Cost of materials consumed 3497170000 10860080000
(b) Purchases of stock-in-trade 5510000 81200000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 75800000 -296590000
(d) Employee benefit expense 276290000 884210000
(e) Finance costs 165030000 472940000
(f) Depreciation, depletion and amortisation expense 117680000 343540000
(f) Other Expenses
1 Expenses 616710000 2039830000
Total other expenses 616710000 2039830000
Total expenses 4754190000 14385210000
3 Total profit before exceptional items and tax 224760000 781800000
4 Exceptional items 0 0
5 Total profit before tax 224760000 781800000
6 Tax expense
7 Current tax 37590000 93480000
8 Deferred tax 21360000 115660000
9 Total tax expenses 58950000 209140000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 165810000 572660000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -10000 -10000
16 Total profit (loss) for period 165800000 572650000
17 Other comprehensive income net of taxes 3040000 -2800000
18 Total Comprehensive Income for the period 168840000 569850000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2410020000 2410020000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2543390000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.69 2.38
Diluted earnings (loss) per share from continuing operations 0.69 2.38
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.69 2.38
Diluted earnings (loss) per share from continuing and discontinued operations 0.69 2.38
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1 The above statement of consolidated financial results of Sambhv Steel Tubes Limited formerly known as Sambhv Steel Tubes Private Limited and Sambhv Sponge Power Private Limited the Company for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at it's meeting held on July 14, 2025. Statement of consolidated financial results for the quarter and year ended March 31, 2025 can be viewed on websites of the Company, National Stock Exchange of India Ltd. and BSE Ltd. at www.sambhv.com, www.nseindia.com and www.bseindia.com respectively n n2 The above statement of consolidated financial results have been prepared in accordance with Indian Accounting Standards Ind AS notified under Section 133 of Companies Act, 2013, read together with the Companies Indian Accounting Standard Rules, 2015 as amended n n3 Subsequent to the year ended March 31, 2025, the Company has completed Initial Public Offer IPO of 6,58,64,549 equity shares of face value of INR 10 each, aggregating to INR 5,400.00 million, comprising of fresh issue of 5,36,69,429 shares, out of which 5,34,46,115 equity shares were issued at an offer price of INR 82 per equity share to all the allottees and 2,23,314 equity shares were issued at an offer price of INR 78 per equity share, after a discount of INR 4 per equity share to employees, which aggregates to INR 4,400.00 million and offer for sale of 1,21,95,120 equity shares by the selling shareholders aggregating to INR 1,000.00 million. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange NSE and Bombay Stock Exchange BSE on July 2, 2025 n nAccordingly, the above Statement of Consolidated Financial Results for the quarter and year ended March 31, 2025 were drawn up for the first time in accordance with the requirements of Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulations 2015, as amended. The Company was not mandatorily required to prepare and publish quarterly results for the quarter ended December 31, 2024 in accordance with the regulations n n4 The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures for the year ended March 31, 2025 and audited figures for the nine months ended December 31, 2024. Audit for the nine months ended December 31, 2024 was conducted for the purpose of IPO filing n n5 Further, the figures for the quarter ended December 31, 2024 included in the financial results were not subject to audit or review by the statutory auditors. However, the Management has exercised necessary diligence to ensure that the financial results for these periods provide a true and fair view of the Company affairs n n6 The Company is in the business of manufacturing steel products having similar economic characteristics, primarily with operations in India. Hence, there is one operating segment n n7 The above statement of consolidated financial results of the group are in accordance with the requirements of IND AS 110 Consolidated Financial Statement. The consolidated financial results include results of wholly owned subsidiary Sambhv Tubes Private Limited w.e.f. September 16, 2024 and associate Clean Max Opia Private Limited wef November 13, 2024. Accordingly, the consolidated figures for the quarter and year ended March 31, 2024 are not applicable, as the acquisitions occurred subsequent to that date n n8 Subsequent to the year ended March 31, 2025, as per the Board of Directors Meeting held On May 21, 2025, a resolution was passed to divest the Company’s interest in Clean Max Opia Pvt. Ltd. CMOPL. This decision was taken due to CMOPL’s non-fulfilment of its obligations under Article 3 of the Energy Supply Agreement dated September 20, 2024, specifically its failure to acquire the requisite land and to obtain Stage II connectivity approval for the project. Pursuant to the above resolution, the Company entered into a Share Purchase Agreement on May 27, 2025, with Clean Max Enviro Energy Solutions Pvt. Ltd. Clean Max and CMOPL for the sale of its entire shareholding in CMOPL back to Clean Max. Consequently, CMOPL shall cease to be classified as an associate of the Company with effect from May 30, 2025



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 7490940000
Capital work-in-progress 858310000
Investment property 0
Goodwill 5570000
Other intangible assets 230000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 20000
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 3450000
Other non-current financial assets 308950000
Total non-current financial assets 312400000
Deferred tax assets (net) 0
Other non-current assets 137690000
Total non-current assets 8805160000
2 Current assets
Inventories 2538900000
Current financial asset
Current investments 0
Trade receivables, current 1471550000
Cash and cash equivalents 52040000
Bank balance other than cash and cash equivalents 110490000
Loans, current 8600000
Other current financial assets 22690000
Total current financial assets 1665370000
Current tax assets (net) 40400000
Other current assets 996020000
Total current assets 5240690000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 14045850000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2410020000
Other equity 2543390000
Total equity attributable to owners of parent 4953410000
Non controlling interest
Total equity 4953410000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3303300000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 20230000
Total non-current financial liabilities 3323530000
Provisions, non-current 21710000
Deferred tax liabilities (net) 302220000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 3647460000
Current liabilities
Current financial liabilities
Borrowings, current 1740980000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 47860000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3199090000
Total Trade payable 3246950000
Other current financial liabilities 262940000
Total current financial liabilities 5250870000
Other current liabilities 183530000
Provisions, current 10580000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 5444980000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 9092440000
Total equity and liabilites 14045850000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gains / (losses) on the defined benefit plans 4070000 -3740000
Total Amount of items that will not be reclassified to profit and loss 4070000 -3740000
2 Income tax relating to items that will not be reclassified to profit or loss 1030000 -940000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 3040000 -2800000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 781800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 472940000
Adjustments for decrease (increase) in inventories -1048310000
Adjustments for decrease (increase) in trade receivables, current -532070000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -727850000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -145240000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 2269270000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 48740000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 343540000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 12060000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 24480000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 37120000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 400000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -710000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 2900000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 683030000
Net cash flows from (used in) operations 1464830000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 202930000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1261900000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 324800000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 3520000
Purchase of property, plant and equipment 2268780000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 40000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 49170000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 209340000
Net cash flows from (used in) investing activities -2331590000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 2044060000
Repayments of borrowings 468540000
Payments of lease liabilities 4840000
Dividends paid 0
Interest paid 525270000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1045410000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -24280000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -24280000
Cash and cash equivalents cash flow statement at beginning of period 76320000
Cash and cash equivalents cash flow statement at end of period 52040000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S S Kothari Mehta and Co. LLP Yes 31-Aug-2025