Integrated Filing — IndAS



General information about company

Scrip Code 523457
NSE Symbol LINDEINDIA
MSEI Symbol NOTLISTED
ISIN INE473A01011
Name of company Linde India Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 06-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-11-2025   14:30:00
End date and time of board meeting 06-11-2025   16:30:00
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 Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 64,419.30 1,21,527.30
Other income 353.10 786.90
Total income 64,772.40 1,22,314.20
2 Expenses
(a) Cost of materials consumed 6,854.30 10,450.40
(b) Purchases of stock-in-trade 7,543.10 15,922.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 713.50 (94.70)
(d) Employee benefit expense 1,457.60 2,568.10
(e) Finance costs 314.80 630.00
(f) Depreciation, depletion and amortisation expense 5,641.50 11,241.80
(f) Other Expenses
1 Power and fuel 4,146.80 17,024.70
2 Other expenses 15,471.80 27,721.00
Total other expenses 19,618.60 44,745.70
Total expenses 42,143.40 85,463.30
3 Total profit before exceptional items and tax 22,629.00 36,850.90
4 Exceptional items 0.00 0.00
5 Total profit before tax 22,629.00 36,850.90
6 Tax expense
7 Current tax 6,248.70 10,413.00
8 Deferred tax (520.90) (970.60)
9 Total tax expenses 5,727.80 9,442.40
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 16,901.20 27,408.50
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 198.80 410.50
16 Total profit (loss) for period 17,100.00 27,819.00
17 Other comprehensive income net of taxes (25.00) (55.50)
18 Total Comprehensive Income for the period 17,075.00 27,763.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 8,528.40 8,528.40
Face value of equity share capital 0 0
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 20.05 32.62
Diluted earnings (loss) per share from continuing operations 20.05 32.62
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 20.05 32.62
Diluted earnings (loss) per share from continuing and discontinued operations 20.05 32.62
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) Due to constraint on no. of characters and special characters in Notes to financial results the note numbers i to iv have been excluded here and you may please refer to the pdf filing made to the Stock Exchanges on 6 November 2025 for complete notes.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,92,906.90
Capital work-in-progress 1,26,563.40
Investment property
Goodwill 893.40
Other intangible assets 1,095.40
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 6,157.50
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets 2,316.00
Total non-current financial assets 8,473.50
Deferred tax assets (net)
Other non-current assets 1,11,255.90
Total non-current assets 4,41,188.50
2 Current assets
Inventories 11,321.90
Current financial asset
Current investments 0.00
Trade receivables, current 45,999.40
Cash and cash equivalents 10,130.80
Bank balance other than cash and cash equivalents 164.00
Loans, current 0.00
Other current financial assets 1,793.00
Total current financial assets 58,087.20
Current tax assets (net)
Other current assets 24,808.10
Total current assets 94,217.20
3 Non-current assets classified as held for sale 1,689.40
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 5,37,095.10
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 8,528.40
Other equity 3,91,090.20
Total equity attributable to owners of parent 3,99,618.60
Non controlling interest
Total equity 3,99,618.60
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
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 6,582.40
Total non-current financial liabilities 6,582.40
Provisions, non-current 7,525.50
Deferred tax liabilities (net) 13,387.70
Deferred government grants, Non-current
Other non-current liabilities 1,640.40
Total non-current liabilities 29,136.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 5,315.10
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 45,286.60
Total Trade payable 50,601.70
Other current financial liabilities 26,181.30
Total current financial liabilities 76,783.00
Other current liabilities 23,153.00
Provisions, current 4,501.90
Current tax liabilities (Net) 3,902.60
Deferred government grants, Current
Total current liabilities 1,08,340.50
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 1,37,476.50
Total equity and liabilites 5,37,095.10
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Gases, related products & services 56,042.50 1,06,011.90
2 Project engineering 22,503.70 47,905.50
3 Share of profit/(loss) from Joint venture 0.00 0.00
Total Segment Revenue 78,546.20 1,53,917.40
Less: Inter segment revenue 14,126.90 32,390.10
Revenue from operations 64,419.30 1,21,527.30
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Gases, related products & services 21,587.40 34,469.70
2 Project engineering 2,372.90 5,100.10
3 Share of profit/(loss) from Joint venture 198.80 410.50
Total Profit before tax 24,159.10 39,980.30
i. Finance cost 314.80 630.00
ii. Other Unallocable Expenditure net off Unallocable income 1,016.50 2,088.90
Profit before tax 22,827.80 37,261.40
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Gases, related products & services 4,63,446.20 4,63,446.20
2 Project engineering 39,941.80 39,941.80
3 Share of profit/(loss) from Joint venture 0.00 0.00
Total Segment Asset 5,03,388.00 5,03,388.00
Un-allocable Assets 33,707.10 33,707.10
Net Segment Asset 5,37,095.10 5,37,095.10
4 Segment Liabilities
Segment Liabilities
1 Gases, related products & services 50,625.30 50,625.30
2 Project engineering 42,591.80 42,591.80
3 Share of profit/(loss) from Joint venture 0.00 0.00
Total Segment Liabilities 93,217.10 93,217.10
Un-allocable Liabilities 44,259.40 44,259.40
Net Segment Liabilities 1,37,476.50 1,37,476.50
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Notes: The primary segment for the Company is the Business Segment and it has two such segments which are as follows: a. Gases and Related Products & Services : Comprises manufacture and sale of industrial, medical and special gases as well as related products and services. b. Project Engineering: Comprises sale of cryogenic and non cryogenic air separation plants and projects. '#Balance as at 30 September 2025 includes assets classified as Asset held for sale amounting to Rs. 168.95 Million.



Other Comprehensive Income

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
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 gain/(losses) on defined benefit plans (38.90) (81.50)
2 Fair value changes of investments in equity shares 1.30 0.80
Total Amount of items that will not be reclassified to profit and loss (37.60) (80.70)
2 Income tax relating to items that will not be reclassified to profit or loss (12.60) (25.20)
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 0.00 0.00
5 Total Other comprehensive income (25.00) (55.50)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 36,850.90
Adjustments for reconcile profit (loss)
Adjustments for finance costs 630.00
Adjustments for decrease (increase) in inventories (657.50)
Adjustments for decrease (increase) in trade receivables, current (8,097.10)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 7,566.70
Adjustments for decrease (increase) in other non-current assets 4,204.10
Adjustments for other financial assets, non-current (50.60)
Adjustments for other financial assets, current (377.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (3,826.60)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 11,241.80
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (474.50)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 269.60
Adjustments for share-based payments 100.70
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 410.50
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 373.10
Other adjustments for non-cash items 92.50
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 10,045.50
Net cash flows from (used in) operations 46,896.40
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,365.50
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 39,530.90
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 478.80
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 238.10
Purchase of property, plant and equipment 34,360.40
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 273.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (33,369.60)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options (10.60)
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 353.30
Dividends paid 10,203.70
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (10,567.60)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (4,406.30)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (4,406.30)
Cash and cash equivalents cash flow statement at beginning of period 14,537.10
Cash and cash equivalents cash flow statement at end of period 10,130.80