Integrated Filing — IndAS



General information about company
Scrip Code 531531
NSE Symbol HATSUN
MSEI Symbol NOTLISTED
ISIN INE473B01035
Name of company HATSUN AGRO PRODUCT LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 18-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
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
Segment Reporting Single segment
Description of single segment Milk and Milk products
Start date and time of board meeting 18-Jul-2025   15:30:00
End date and time of board meeting 18-Jul-2025   16:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
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-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or 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 25902800000
Other income 39200000
Total income 25942000000
2 Expenses
(a) Cost of materials consumed 15698700000
(b) Purchases of stock-in-trade 61500000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1774500000
(d) Employee benefit expense 688600000
(e) Finance costs 433800000
(f) Depreciation, depletion and amortisation expense 1371300000
(f) Other Expenses
1 Other expenses 4071200000 4071200000
Total other expenses 4071200000
Total expenses 24099600000
3 Total profit before exceptional items and tax 1842400000
4 Exceptional items 0
5 Total profit before tax 1842400000
6 Tax expense
7 Current tax 554400000
8 Deferred tax -63900000
9 Total tax expenses 490500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 1351900000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 1351900000
17 Other comprehensive income net of taxes 1500000
18 Total Comprehensive Income for the period 1353400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0
Total profit or loss, attributable to non-controlling interests 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0
21 Details of equity share capital
Paid-up equity share capital 222800000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.07
Diluted earnings (loss) per share from continuing operations 6.07
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.07
Diluted earnings (loss) per share from continuing and discontinued operations 6.07
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1The Statement of Unaudited Consolidated Financial Results the Statement of Hatsun Agro Product Limited the Parent and its whollyowned subsidiary Milk Mantra Dairy Private Limited the Parent and its whollyowned subsidiary together referred to as the Group for the quarter ended June 30 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 18 2025 The statutory auditors have expressed an unmodified review conclusion on the consolidated financial results for the quarter ended June 30 2025 n2The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard Ind AS 34 Interim Financial Reporting Ind AS 34 prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulations 2015 as amended n3The financial results for the year ended March 31 2025 have been audited and for the quarter ended March 31 2025 have been reviewed by the statutory auditors of the Company The figures for the quarter ended March 31 2025 are the balancing figures between the audited figures in respect of the financial year ended March 31 2025 and published yeartodate figures for nine months ended December 31 2024 which were subjected to limited review by the statutory auditors n4Based on the management approach as defined in Ind AS 108 Operating Segments the Chief Operating Decision Maker CODM evaluates the Group’s performance and allocates resources based on analysis of various performance indicators by operating segments The Group operates in a single segment viz milk and milk products and hence segment information has not been separately disclosed n5During the quarter and year ended March 31 2025 pursuant to the approval of the Board of Directors the Parent had acquired the entire shareholding equity and preference of Milk Mantra Dairy Private Limited MMDPL from their existing shareholders for an aggregate cash consideration of Rs233 crores Pursuant to the same MMDPL had become a subsidiary of the Parent with effect from January 27 2025 nThe Parent had accounted for the above acquisition in accordance with Ind AS 103 and carried out a purchase price allocation using an independent expert based on which the Parent had accounted for the identified tangible and intangible assets and liabilities at their respective fair values and the resultant goodwill during the quarter and year ended March 31 2025 n6The figures for the quarter ended June 30 2024 represent the standalone financial results of the Parent for the relevant period The figures for the quarters ended June 30 2025 and March 31 2025 and year ended March 31 2025 include the financial results of the Parent and its whollyowned subsidiary Milk Mantra Dairy Private Limited refer Note 5 Hence the reported numbers for the quarters ended June 30 2025 and March 31 2025 and year ended March 31 2025 are not comparable with the results for the quarter ended June 30 2024 n7The Board of Directors of the Parent at their meeting held on April 28 2025 approved the Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act 2013 and the rules made thereunder for mergeramalgamation of the whollyowned subsidiary Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited with an appointed date of April 01 2025 or such other date as approved by the appropriate authority The said Scheme has been filed during the current quarter and is subject to approval of the National Company Law Tribunal NCLT and other appropriate authorities Pending approval of the said Scheme no adjustments have been made with respect to the proposed amalgamation in the consolidated financial results for the quarter ended June 30 2025 n8The Board at its meeting held on July 18 2025 declared an interim dividend of Rs6 per equity share of Re1 each 600% on the fully paidup equity shares of the Parent numbering 222748268 aggregating to a sum of Rs133 65 crores This is the first interim dividend for the financial year 202526 n



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


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-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or 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-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -2100000
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 600000
5 Total Other comprehensive income 1500000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
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