Integrated Filing — IndAS

General information about company
Scrip Code	543711
NSE Symbol	SULA
MSEI Symbol	NOTLISTED
ISIN	INE142Q01026
Name of company	SULA VINEYARDS 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	08-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	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	The Company is engaged in the business of manufacture, purchase, and sale of alcoholic beverages (wines and spirits)
Start date and time of board meeting	08-May-2025   16:55:00
End date and time of board meeting	08-May-2025   18:00:00
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	Unaudited	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	1330900000	6193800000
	Other income	10100000	39300000
	Total income	1341000000	6233100000
2	Expenses
(a)	Cost of materials consumed	777900000	1214800000
(b)	Purchases of stock-in-trade	111000000	300200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-672200000	-135300000
(d)	Employee benefit expense	209100000	938200000
(e)	Finance costs	71700000	296700000
(f)	Depreciation, depletion and amortisation expense	87400000	349900000
(f)	Other Expenses
1	Excise duty on sales	73800000	402300000
2	Selling, distribution and marketing expenses	221400000	910700000
3	Others	325300000	1072200000
	Total other expenses	620500000	2385200000
	Total expenses	1205400000	5349700000
3	Total profit before exceptional items and tax	135600000	883400000
4	Exceptional items	0	0
5	Total profit before tax	135600000	883400000
6	Tax expense
7	Current tax	19500000	170000000
8	Deferred tax	-14200000	11400000
9	Total tax expenses	5300000	181400000
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	130300000	702000000
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	130300000	702000000
17	Other comprehensive income net of taxes	6000000	1000000
18	Total Comprehensive Income for the period	136300000	703000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	130300000	702000000
	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	6000000	1000000
	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	168800000	168800000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		5693900000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.55	8.32
	Diluted earnings (loss) per share from continuing operations	1.55	8.32
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	1.55	8.32
	Diluted earnings (loss) per share from continuing and discontinued operations	1.55	8.32
24	Debt equity ratio	0	0.0051
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		1.tThe above consolidated audited financial results for the year ended 31 March 2025 (the 'Statement') of Sula Vineyards Limited (the 'Holding Company') and its subsidiaries (Holding Company and its subsidiaries together referred to as 'the Group') have been prepared in accordance with the Indian Accounting standards ('Ind AS') as specified under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules 2015, and are in compliance of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) and other accounting principles generally accepted in India. These results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Holding Company at their respective meetings held on 8 May 2025. n2.tThe Group is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors of the Holding Company) monitor and review the operating results of the Group as a whole. Therefore, there are no reportable segments for the Group as per requirements of Ind AS 108 ‘Operating Segments’. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. n3.tDuring the year ended 31 March 2025, 10,000 fully paid up equity shares of face value of INR 2 each, have been allotted against the exercise of options under Employees Stock Option Scheme ESOP 2021 by the Holding Company at an exercise price of INR 170 per equity share. n4.tThe Board of Directors of the Holding Company at its meeting held on 8 May 2025 has recommended a final dividend of INR 3.60 per share having a face value of INR 2 each, subject to approval of shareholders at the ensuing annual general meeting of the Holding Company. n5.tThe Holding Company has entered into a Share Purchase Agreement dated 12 April 2024 with existing shareholders to acquire 100% shareholding of N D Wines Private Limited for a consideration of INR 13.10 crore. Pursuant to the above, effective 12 April 2024, N D Wines Private Limited becomes the wholly owned subsidiary of the Holding Company. n6.tThe figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures for the years ended on those dates and the unaudited consolidated published year to date figures up to the end of third quarter of the respective financial years, which were subjected to a limited review by the statutory auditors. n

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	4881800000
	Capital work-in-progress	48700000
	Investment property	0
	Goodwill	25200000
	Other intangible assets	46100000
	Intangible assets under development	6500000
	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	22400000
	Other non-current financial assets	115500000
	Total non-current financial assets	137900000
	Deferred tax assets (net)	45800000
	Other non-current assets	177300000
	Total non-current assets	5369300000
2	Current assets
	Inventories	2160700000
	Current financial asset
	Current investments	0
	Trade receivables, current	2344100000
	Cash and cash equivalents	72200000
	Bank balance other than cash and cash equivalents	69200000
	Loans, current	19000000
	Other current financial assets	689400000
	Total current financial assets	3193900000
	Current tax assets (net)	0
	Other current assets	81800000
	Total current assets	5436400000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	10805700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	168800000
	Other equity	5693900000
	Total equity attributable to owners of parent	5862700000
	Non controlling interest	0
	Total equity	5862700000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	676600000
	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	128900000
	Total non-current financial liabilities	805500000
	Provisions, non-current	33800000
	Deferred tax liabilities (net)	271400000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1110700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2294500000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	59400000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	862300000
	Total Trade payable	921700000
	Other current financial liabilities	292800000
	Total current financial liabilities	3509000000
	Other current liabilities	278700000
	Provisions, current	21700000
	Current tax liabilities (Net)	22900000
	Deferred government grants, Current	0
	Total current liabilities	3832300000
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	4943000000
	Total equity and liabilites	10805700000
	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		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	Unaudited	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	Gain / (loss) on remeasurement of defined benefit plans (net of tax)	6000000	1000000
	Total Amount of items that will not be reclassified to profit and loss	6000000	1000000
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	0	0
5	Total Other comprehensive income	6000000	1000000

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			Unaudited
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			883400000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			277900000
	Adjustments for decrease (increase) in inventories			-185400000
	Adjustments for decrease (increase) in trade receivables, current			-650600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-29300000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			129800000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			349900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-300000
	Adjustments for dividend income			0
	Adjustments for interest income			23800000
	Adjustments for share-based payments			37800000
	Adjustments for fair value losses (gains)			2700000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-6700000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			1400000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-96600000
	Net cash flows from (used in) operations			786800000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			203000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			583800000
	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			129800000
	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			21100000
	Purchase of property, plant and equipment			674800000
	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			4700000
	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			22500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			17600000
	Net cash flows from (used in) investing activities	-748100000
	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			1700000
	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			615000000
	Repayments of borrowings			640200000
	Payments of lease liabilities			68700000
	Dividends paid			375600000
	Interest paid			267600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-735400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-899700000
	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			-899700000
	Cash and cash equivalents cash flow statement at beginning of period			971900000
	Cash and cash equivalents cash flow statement at end of period			72200000