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	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	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
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	2023-08-09
Indicate Company website link for updated RPT policy of the Company	https://sulavineyards.com/files/0823/Policy%20on%20Related%20Party%20Transactions.pdf
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
Not applicable

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	964100000	5268700000
	Other income	17800000	68500000
	Total income	981900000	5337200000
2	Expenses
(a)	Cost of materials consumed	691500000	1127200000
(b)	Purchases of stock-in-trade	87300000	270600000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-633400000	-108800000
(d)	Employee benefit expense	192200000	874100000
(e)	Finance costs	58600000	255700000
(f)	Depreciation, depletion and amortisation expense	71600000	289200000
(f)	Other Expenses
1	Excise duty on sales	66100000	384200000
2	Selling, distribution and marketing expenses	197000000	833800000
3	Others	280700000	932200000
	Total other expenses	543800000	2150200000
	Total expenses	1011600000	4858200000
3	Total profit before exceptional items and tax	-29700000	479000000
4	Exceptional items	0	0
5	Total profit before tax	-29700000	479000000
6	Tax expense
7	Current tax	-13000000	87100000
8	Deferred tax	32200000	57900000
9	Total tax expenses	19200000	145000000
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	-48900000	334000000
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	-48900000	334000000
17	Other comprehensive income net of taxes	5400000	1700000
18	Total Comprehensive Income for the period	-43500000	335700000
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	168800000	168800000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		5579300000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.58	3.96
	Diluted earnings (loss) per share from continuing operations	-0.58	3.96
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	-0.58	3.96
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.58	3.96
24	Debt equity ratio	0	0.0046
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		1.The standalone audited financial results for the year ended 31 March 2025 (the 'Statement') of Sula Vineyards Limited (the 'Company') have been prepared in accordance with the Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, and are in compliance of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,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 Company at their respective meetings held on 8 May 2025. n n2.The Company is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Company’s Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors) monitor and review the operating results of the Company as a whole. Therefore, there are no reportable segments for the Company 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. n n n3.During 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 Company at an exercise price of INR 170 per equity share. n n4.The Board of Directors 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 Company. n n n5.The 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 Company. n n6.The 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 standalone 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 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		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4368900000
	Capital work-in-progress	37000000
	Investment property	0
	Goodwill	0
	Other intangible assets	12500000
	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	414200000
	Trade receivables, non-current	0
	Loans, non-current	407400000
	Other non-current financial assets	77900000
	Total non-current financial assets	899500000
	Deferred tax assets (net)	59600000
	Other non-current assets	60400000
	Total non-current assets	5444400000
2	Current assets
	Inventories	1958100000
	Current financial asset
	Current investments	0
	Trade receivables, current	1861400000
	Cash and cash equivalents	41800000
	Bank balance other than cash and cash equivalents	53700000
	Loans, current	17200000
	Other current financial assets	484000000
	Total current financial assets	2458100000
	Current tax assets (net)	0
	Other current assets	76300000
	Total current assets	4492500000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	9936900000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	168800000
	Other equity	5579300000
	Total equity attributable to owners of parent	5748100000
	Non controlling interest
	Total equity	5748100000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	577100000
	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	40900000
	Total non-current financial liabilities	618000000
	Provisions, non-current	26300000
	Deferred tax liabilities (net)	248600000
	Deferred government grants, Non-current	0
	Other non-current liabilities	2800000
	Total non-current liabilities	895700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2050000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	40700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	763300000
	Total Trade payable	804000000
	Other current financial liabilities	222400000
	Total current financial liabilities	3076400000
	Other current liabilities	197600000
	Provisions, current	19100000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	3293100000
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	4188800000
	Total equity and liabilites	9936900000
	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	Gain / (loss) on remeasurement of defined benefit plans (net of tax)	5400000	1700000
	Total Amount of items that will not be reclassified to profit and loss	5400000	1700000
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	5400000	1700000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			479000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			241100000
	Adjustments for decrease (increase) in inventories			-137300000
	Adjustments for decrease (increase) in trade receivables, current			-258100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			167500000
	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			17700000
	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			289200000
	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			50600000
	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			-7200000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			2000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			305100000
	Net cash flows from (used in) operations			784100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-143800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			927900000
	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			131000000
	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			6400000
	Purchase of property, plant and equipment			494100000
	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			143600000
	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			48900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			26000000
	Net cash flows from (used in) investing activities	-687400000
	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			405500000
	Repayments of borrowings			617700000
	Payments of lease liabilities			30600000
	Dividends paid			375600000
	Interest paid			242200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-858900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-618400000
	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			-618400000
	Cash and cash equivalents cash flow statement at beginning of period			947800000
	Cash and cash equivalents cash flow statement at end of period			329400000