Integrated Filing — IndAS



General information about company
Scrip Code 544320
NSE Symbol CARRARO
MSEI Symbol NOTLISTED
ISIN INE0V7W01012
Name of company CARRARO INDIA 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 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
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 Manufacturing of automotive equipments, parts and components
Start date and time of board meeting 27-May-2025   14:00:00
End date and time of board meeting 27-May-2025   16:15:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-08-23
Indicate Company website link for updated RPT policy of the Company https://www.carraroindia.com/investors/corporate-governance/policies
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
During the Financial Year 2024-25, the Company has not defaulted on any Loans and has not issued any debt securities in the past as well as during FY 2024-25.



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 Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
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 4406070000 17921530000
Other income 35210000 157640000
Total income 4441280000 18079170000
2 Expenses
(a) Cost of materials consumed 3305790000 13072390000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -176630000 64330000
(d) Employee benefit expense 346930000 1411600000
(e) Finance costs 52950000 224210000
(f) Depreciation, depletion and amortisation expense 110920000 434680000
(f) Other Expenses
1 Other Expenses 489210000 1711750000
Total other expenses 489210000 1711750000
Total expenses 4129170000 16918960000
3 Total profit before exceptional items and tax 312110000 1160210000
4 Exceptional items 0 0
5 Total profit before tax 312110000 1160210000
6 Tax expense
7 Current tax 77570000 293430000
8 Deferred tax 3450000 4910000
9 Total tax expenses 81020000 298340000
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 231090000 861870000
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 0 0
16 Total profit (loss) for period 231090000 861870000
17 Other comprehensive income net of taxes -210000 480000
18 Total Comprehensive Income for the period 230880000 862350000
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 568520000 568520000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 4714200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.06 15.16
Diluted earnings (loss) per share from continuing operations 4.06 15.16
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 4.06 15.16
Diluted earnings (loss) per share from continuing and discontinued operations 4.06 15.16
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) The financial results for the quarter ended 31st March, 2025 are unaudited and the financial results for the year ended 31st March, 2025 are audited. The Auditors have issed unmodified opinion on the quarterly as well as annual financial results and the Whole-time Director and Chief Financial Officer of the Company has given a declaration to this effect.



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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 3515170000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 257860000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 239820000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 44180000
Total non-current financial assets 284000000
Deferred tax assets (net) 15090000
Other non-current assets 331720000
Total non-current assets 4403840000
2 Current assets
Inventories 2987240000
Current financial asset
Current investments 0
Trade receivables, current 2869090000
Cash and cash equivalents 607250000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 12170000
Total current financial assets 3488510000
Current tax assets (net)
Other current assets 252950000
Total current assets 6728700000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 11132540000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 568520000
Other equity 4145680000
Total equity attributable to owners of parent 4714200000
Non controlling interest
Total equity 4714200000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1310240000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 134340000
Total non-current financial liabilities 1444580000
Provisions, non-current 486810000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1931390000
Current liabilities
Current financial liabilities
Borrowings, current 444010000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 564920000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2938730000
Total Trade payable 3503650000
Other current financial liabilities 34960000
Total current financial liabilities 3982620000
Other current liabilities 183540000
Provisions, current 304750000
Current tax liabilities (Net) 16040000
Deferred government grants, Current
Total current liabilities 4486950000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 6418340000
Total equity and liabilites 11132540000
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 Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
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 Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of net defined benefit liability -280000 640000
Total Amount of items that will not be reclassified to profit and loss -280000 640000
2 Income tax relating to items that will not be reclassified to profit or loss -70000 160000
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 -210000 480000



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 Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1160210000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 210710000
Adjustments for decrease (increase) in inventories -122760000
Adjustments for decrease (increase) in trade receivables, current -500500000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 109740000
Adjustments for decrease (increase) in other non-current assets 3150000
Adjustments for other financial assets, non-current -3730000
Adjustments for other financial assets, current -24300000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -135420000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 52190000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 434680000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 15640000
Adjustments for provisions, non-current 38890000
Adjustments for other financial liabilities, current -26300000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 13240000
Adjustments for dividend income 0
Adjustments for interest income 1520000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -6370000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -2520000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 5290000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 60110000
Net cash flows from (used in) operations 1220320000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 274940000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 945380000
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 239820000
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 4230000
Purchase of property, plant and equipment 514770000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 1310000
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 1520000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 6280000
Net cash flows from (used in) investing activities -743870000
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 507400000
Repayments of borrowings 878100000
Payments of lease liabilities 15480000
Dividends paid 0
Interest paid 200030000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -586210000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -384700000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents -12300000
Net increase (decrease) in cash and cash equivalents -397000000
Cash and cash equivalents cash flow statement at beginning of period 1004250000
Cash and cash equivalents cash flow statement at end of period 607250000





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 Deloitte Haskins & Sells LLP Yes 31-Jul-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Carraro India Limited Carraro SpA Ultimate Parent Company Purchase of goods or services 5000000 Approved 4790000 0 0
2 Carraro India Limited Siap SpA Italy Fellow Subsidiaries Purchase of goods or services 277290000 Approved 179210000 0 0
3 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Purchase of goods or services 59340000 Approved 51890000 0 0
4 Carraro India Limited Carraro China Drive Systems Fellow Subsidiaries Purchase of goods or services 17650000 Approved 13540000 0 0
5 Carraro India Limited Bhavani Synchrotec Private Ltd Entity in which KMP exercise significant influence Purchase of goods or services 73010000 Approved 63300000 0 0
6 Carraro India Limited Carraro SpA Ultimate Parent Company Any other transaction Royalty Charged 33640000 Approved 30470000 0 0 Textual Information(1)
7 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Any other transaction Royalty Charged 15330000 Approved 12280000 0 0
8 Carraro India Limited Carraro SpA Ultimate Parent Company Sale of goods or services 9520000 Approved 6260000 0 0
9 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Sale of goods or services 3238710000 Approved 2552860000 0 0 Textual Information(2)
10 Carraro India Limited Carraro China Drive Systems Fellow Subsidiaries Sale of goods or services 93580000 Approved 72350000 0 0
11 Carraro India Limited Carraro Argentina Fellow Subsidiaries Sale of goods or services 27720000 Approved 18280000 0 0
12 Carraro India Limited Siap SpA Italy Fellow Subsidiaries Sale of goods or services 940000 Approved 940000 0 0 Textual Information(3)
13 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Sale of fixed assets 1500000 Approved 1500000 0 0 Textual Information(4)
14 Carraro India Limited Carraro SpA Ultimate Parent Company Any other transaction Other Services Rendered - IT Support 6300000 Approved 6260000 0 0 Textual Information(5)
15 Carraro India Limited Carraro Technologies India Private Limited Subsidiary Company Any other transaction Other Services Rendered - Administrative support 1700000 Approved 1640000 0 0
16 Carraro India Limited Carraro China Drive Systems Fellow Subsidiaries Any other transaction Other Services Rendered - Accounting Support 3050000 Approved 2770000 0 0
17 Carraro India Limited Carraro Technologies India Private Limited Subsidiary Company Any other transaction Professional Fees 33900000 Approved 33900000 0 0
18 Carraro India Limited Carraro Finance S.A. Fellow Subsidiaries Any other transaction Professional Fees 7460000 Approved 7060000 0 0 Textual Information(6)
19 Carraro India Limited Carraro Technologies India Private Limited Subsidiary Company Any other transaction Rent and other expenses 2010000 Approved 1850000 0 0
20 Carraro India Limited Carraro SpA Ultimate Parent Company Any other transaction Corporate Service Charges 81420000 Approved 73710000 0 0
21 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Any other transaction Corporate Service Charges 44050000 Approved 37960000 0 0
22 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Any other transaction Warranty Claims Paid 21530000 Approved 16640000 0 0
23 Carraro India Limited Carraro Finance S.A. Fellow Subsidiaries Interest paid 19300000 Approved 17220000 0 0
24 Carraro India Limited Carraro SpA Ultimate Parent Company Any other transaction Trade Payables 0 NA 0 160910000 42930000
25 Carraro India Limited Siap SpA Italy Fellow Subsidiaries Any other transaction Trade Payables 0 NA 0 205180000 85560000
26 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Any other transaction Trade Payables 0 NA 0 134890000 70440000
27 Carraro India Limited Carraro China Drive Systems Fellow Subsidiaries Any other transaction Trade Payables 0 NA 0 3800000 5110000
28 Carraro India Limited Bhavani Synchrotec Private Ltd Entity in which KMP exercise significant influence Any other transaction Trade Payables 0 NA 0 60000 32000000
29 Carraro India Limited Carraro Technologies India Private Limited Subsidiary Company Any other transaction Trade Payables 0 NA 0 18990000 16530000
30 Carraro India Limited Carraro Finance S.A. Fellow Subsidiaries Any other transaction Trade Payables 0 NA 0 2990000 3610000
31 Carraro India Limited Carraro SpA Ultimate Parent Company Any other transaction Trade Receivables 0 NA 0 4390000 4610000
32 Carraro India Limited Carraro Technologies India Private Limited Subsidiary Company Any other transaction Trade Receivables 0 NA 0 680000 760000
33 Carraro India Limited Carraro Drive Tech Italia SpA Fellow Subsidiaries Any other transaction Trade Receivables 0 NA 0 821940000 687350000
34 Carraro India Limited Carraro Argentina Fellow Subsidiaries Any other transaction Trade Receivables 0 NA 0 13630000 31040000
35 Carraro India Limited Siap SpA Italy Fellow Subsidiaries Any other transaction Trade Receivables 0 NA 0 240000 360000
36 Carraro India Limited Carraro China Drive Systems Fellow Subsidiaries Any other transaction Trade Receivables 0 NA 0 13580000 35140000
37 Carraro India Limited Carraro Finance S.A. Fellow Subsidiaries Loan 0 NA 0 460660000 469890000
Total value of transaction during the reporting period 3206680000



Text Block
Textual Information(1) The ratification is within the overall and enhanced limits
Textual Information(2) The ratification is within the overall and enhanced limits
Textual Information(3) The ratification is within the overall and enhanced limits
Textual Information(4) The ratification is within the overall and enhanced limits
Textual Information(5) The ratification is within the overall and enhanced limits
Textual Information(6) The ratification is within the overall and enhanced limits