Integrated Filing — IndAS

General information about company
Scrip Code	523025
NSE Symbol	SAFARI
MSEI Symbol	NOTLISTED
ISIN	INE429E01023
Name of company	SAFARI INDUSTRIES (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	06-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	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	Luggage
Start date and time of board meeting	06-May-2025   12:15:00
End date and time of board meeting	06-May-2025   13:40:00
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	4210600000	17715800000
	Other income	60300000	284700000
	Total income	4270900000	18000500000
2	Expenses
(a)	Cost of materials consumed	1554900000	5928500000
(b)	Purchases of stock-in-trade	1409900000	4417700000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-826300000	-722400000
(d)	Employee benefit expense	313500000	1189600000
(e)	Finance costs	20300000	88400000
(f)	Depreciation, depletion and amortisation expense	154200000	590600000
(f)	Other Expenses
1	Other Expenses	1150100000	4652400000
	Total other expenses	1150100000	4652400000
	Total expenses	3776600000	16144800000
3	Total profit before exceptional items and tax	494300000	1855700000
4	Exceptional items	0	0
5	Total profit before tax	494300000	1855700000
6	Tax expense
7	Current tax	122000000	424600000
8	Deferred tax	-3600000	3100000
9	Total tax expenses	118400000	427700000
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	375900000	1428000000
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	375900000	1428000000
17	Other comprehensive income net of taxes	-6700000	-14200000
18	Total Comprehensive Income for the period	369200000	1413800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	369200000	1413800000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	369200000	1413800000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	97800000	97800000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.69	29.24
	Diluted earnings (loss) per share from continuing operations	7.67	29.16
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	7.69	29.24
	Diluted earnings (loss) per share from continuing and discontinued operations	7.67	29.16
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		1.The standalone and consolidated financial results of Safari Industries (India) Limited (the 'Holding Company') and its two wholly owned subsidiaries, namely, Safari Manufacturing Limited and Safari Lifestyles Limited (the Holding Company and its subsidiaries together referred to as the 'Group') have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6 May 2025. The above results as at and for the year ended 31 March 2025 have been audited by the statutory auditors of the Holding Company. n2.These results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015 and other accounting principles generally accepted in India and are in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). n3.During the current quarter and year ended 31 March 2025, the Holding Company has allotted 549 and 100,130 equity shares of Rs 2 each, respectively to the eligible employees pursuant to the Safari Employees Stock Appreciation Rights Scheme, 2022. Further, during the year ended 31 March 2025, 19,200 equity shares of Rs. 2 each have been allotted to the eligible employees pursuant to the Safari Employee Stock Option Scheme, 2016. n4.The Board of Directors have recommended final dividend of Rs 1.50 (75%) per equity share of Rs 2 each for the financial year 2024-2025.The dividend is subject to the approval of shareholders in the ensuing Annual General Meeting of the Holding Company. n5.The figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to nine months of the respective financial year. n6.As the Group's business activity falls under a single operating segment viz. luggage business, no further disclosures are required to be furnished as per Indian Accounting Standard 108,'Operating Segments'. n7.The figures of the previous periods / years have been regrouped / recast to render them comparable with the figures of the current period/year. The impact of such reclassification/regrouping is not material to the financial results.

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	4124300000
	Capital work-in-progress	124400000
	Investment property	0
	Goodwill	0
	Other intangible assets	11300000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	132600000
	Total non-current financial assets	132600000
	Deferred tax assets (net)	76500000
	Other non-current assets	41100000
	Total non-current assets	4510200000
2	Current assets
	Inventories	3504400000
	Current financial asset
	Current investments	31900000
	Trade receivables, current	2429000000
	Cash and cash equivalents	115500000
	Bank balance other than cash and cash equivalents	2134800000
	Loans, current	0
	Other current financial assets	62400000
	Total current financial assets	4773600000
	Current tax assets (net)	0
	Other current assets	403500000
	Total current assets	8681500000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	13191700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	97800000
	Other equity	9437100000
	Total equity attributable to owners of parent	9534900000
	Non controlling interest	0
	Total equity	9534900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	82200000
	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	786100000
	Total non-current financial liabilities	868300000
	Provisions, non-current	0
	Deferred tax liabilities (net)	28200000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	896500000
	Current liabilities
	Current financial liabilities
	Borrowings, current	115800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	678000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1322100000
	Total Trade payable	2000100000
	Other current financial liabilities	484600000
	Total current financial liabilities	2600500000
	Other current liabilities	112800000
	Provisions, current	34600000
	Current tax liabilities (Net)	12400000
	Deferred government grants, Current	0
	Total current liabilities	2760300000
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	3656800000
	Total equity and liabilites	13191700000
	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 of defined benefit plan	-8700000	-18400000
	Total Amount of items that will not be reclassified to profit and loss	-8700000	-18400000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
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	-2000000	-4200000
5	Total Other comprehensive income	-6700000	-14200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
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			1855700000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			88400000
	Adjustments for decrease (increase) in inventories			-810100000
	Adjustments for decrease (increase) in trade receivables, current			-772600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-247000000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-10400000
	Adjustments for other bank balances			1600000
	Adjustments for increase (decrease) in trade payables, current			475100000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			19200000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			590600000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-11200000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			23300000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			4000000
	Adjustments for dividend income			0
	Adjustments for interest income			205000000
	Adjustments for share-based payments			26200000
	Adjustments for fair value losses (gains)			-34100000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-25700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-887700000
	Net cash flows from (used in) operations			968000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			394800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			573200000
	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			0
	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			6200000
	Purchase of property, plant and equipment			1454400000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	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			197400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			1154200000
	Net cash flows from (used in) investing activities	-96600000
	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			6400000
	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			0
	Repayments of borrowings			216300000
	Payments of lease liabilities			306400000
	Dividends paid			146100000
	Interest paid			88600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-751000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-274400000
	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			-274400000
	Cash and cash equivalents cash flow statement at beginning of period			389900000
	Cash and cash equivalents cash flow statement at end of period			115500000