Integrated Filing — IndAS

General information about company
Scrip Code	532782
NSE Symbol	SUTLEJTEX
MSEI Symbol	NOTLISTED
ISIN	INE645H01027
Name of company	SUTLEJ TEXTILES AND INDUSTRIES 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	09-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-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	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	09-May-2025   11:30:00
End date and time of board meeting	09-May-2025   12:51:00
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	2025-05-09
Indicate Company website link for updated RPT policy of the Company	www.sutlejtextiles.com
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
The Company has selected No as the same is not applicable to the Company.

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	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	6660200000	26423600000
	Other income	78000000	226100000
	Total income	6738200000	26649700000
2	Expenses
(a)	Cost of materials consumed	3623400000	14891500000
(b)	Purchases of stock-in-trade	132200000	493200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	151600000	-156700000
(d)	Employee benefit expense	1070600000	4380100000
(e)	Finance costs	150600000	614800000
(f)	Depreciation, depletion and amortisation expense	275900000	1098000000
(f)	Other Expenses
1	Power and Fuel	757300000	3037800000
2	Others	829400000	3322000000
	Total other expenses	1586700000	6359800000
	Total expenses	6991000000	27680700000
3	Total profit before exceptional items and tax	-252800000	-1031000000
4	Exceptional items	-167000000	-227000000
5	Total profit before tax	-419800000	-1258000000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-142000000	-416000000
9	Total tax expenses	-142000000	-416000000
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	-277800000	-842000000
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	-277800000	-842000000
17	Other comprehensive income net of taxes	-2500000	20400000
18	Total Comprehensive Income for the period	-280300000	-821600000
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	163800000	163800000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		8777100000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-1.7	-5.14
	Diluted earnings (loss) per share from continuing operations	-1.7	-5.14
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	-1.7	-5.14
	Diluted earnings (loss) per share from continuing and discontinued operations	-1.7	-5.14
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes n1. The above standalone audited annual financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 9 May 2025. These results have been prepared in accordance with Indian Accounting Standard IndAS prescribed under Section 133 of the Companies Act 2013 read with the relevant rules thereunder and in terms of Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. n2. Exceptional items na. The Company carried out impairment assessment of its investment in wholly owned subsidiary including step down subsidiary in accordance with Ind AS 36 and compared the carrying value of investments with their recoverable amounts. The recoverable amount is determined based on the value in use derived from discounted forecast cash flow model performed by an independent valuer. The carrying amount of the investment in wholly owned subsidiary including step down subsidiary is determined to be higher than its recoverable amount and an impairment loss of Rs.22.70 crores 31.03.2024 Rs.10.51 crores is recognised during the year ended 31 March 2025. nb. During the previous year due to challenging market conditions in the spinning industry the Company decided not to proceed with the greenfield expansion project which had been approved by the Board of Directors BOD. The land allotted for the project was surrendered and as per the agreement a surrender fee of 20percent of the land premium Rs. 7.68 crores was written off. Additionally lease rent and other expenses amounting to Rs. 0.77 crores were written off. The total amount written off Rs. 8.45 crores has been disclosed as an Exceptional items. n3. The figures for the quarter ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures up to 31 December 2024 and 31 December 2023. Also the figures up to the end of the third quarter were only reviewed and not subject to audit. n4. The audited report of the statutory auditors is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on audited financial results visit investor relation section of our website www.sutlejtextiles.com and financial results at Corporate section of www.bseindia.com and www.nseindia.com. n5. Segment information as per Ind AS108 Operating Segment is disclosed in Annexure I.

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	9983000000
	Capital work-in-progress	71100000
	Investment property	0
	Goodwill	0
	Other intangible assets	49200000
	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	207400000
	Trade receivables, non-current	0
	Loans, non-current	70400000
	Other non-current financial assets	134200000
	Total non-current financial assets	412000000
	Deferred tax assets (net)	106500000
	Other non-current assets	249300000
	Total non-current assets	10871100000
2	Current assets
	Inventories	5048700000
	Current financial asset
	Current investments	0
	Trade receivables, current	3459400000
	Cash and cash equivalents	38500000
	Bank balance other than cash and cash equivalents	75100000
	Loans, current	0
	Other current financial assets	471600000
	Total current financial assets	4044600000
	Current tax assets (net)	0
	Other current assets	389700000
	Total current assets	9483000000
3	Non-current assets classified as held for sale	79400000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	20433500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	163800000
	Other equity	8777100000
	Total equity attributable to owners of parent	8940900000
	Non controlling interest
	Total equity	8940900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3246600000
	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	70800000
	Total non-current financial liabilities	3317400000
	Provisions, non-current	127300000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	18500000
	Total non-current liabilities	3463200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5513100000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	285100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1308900000
	Total Trade payable	1594000000
	Other current financial liabilities	568200000
	Total current financial liabilities	7675300000
	Other current liabilities	198000000
	Provisions, current	156100000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	8029400000
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	11492600000
	Total equity and liabilites	20433500000
	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		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Yarn	6267800000	24847600000
2	Home Textile	398700000	1606000000
3	Add Other unallocable income net of unallocable expenditure	0	0
4	Less Exceptional Items	0	0
	Total Segment Revenue	6666500000	26453600000
	Less: Inter segment revenue	6300000	6300000
	Revenue from operations	6660200000	26423600000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Yarn	-46500000	-196800000
2	Home Textile	-74800000	-202600000
3	Add Other unallocable income net of unallocable expenditure	19100000	-16800000
4	Less Exceptional Items	-167000000	-227000000
	Total Profit before tax	-269200000	-643200000
	i. Finance cost	150600000	150600000
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	-419800000	-1258000000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Yarn	17826900000	17826900000
2	Home Textile	2109800000	2109800000
3	Add Other unallocable income net of unallocable expenditure	0	0
4	Less Exceptional Items	0	0
	Total Segment Asset	19936700000	19936700000
	Un-allocable Assets	496800000	496800000
	Net Segment Asset	20433500000	20433500000
4	Segment Liabilities
	Segment Liabilities
1	Yarn	7978300000	7978300000
2	Home Textile	1038400000	1038400000
3	Add Other unallocable income net of unallocable expenditure	0	0
4	Less Exceptional Items	0	0
	Total Segment Liabilities	9016700000	9016700000
	Un-allocable Liabilities	2475900000	2475900000
	Net Segment Liabilities	11492600000	11492600000
	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	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of defined benefit plans	300000	31400000
	Total Amount of items that will not be reclassified to profit and loss	300000	31400000
2	Income tax relating to items that will not be reclassified to profit or loss	2800000	11000000
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	-2500000	20400000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-1258000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			614800000
	Adjustments for decrease (increase) in inventories			-75400000
	Adjustments for decrease (increase) in trade receivables, current			-66100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-24600000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			150100000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			100300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			7600000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1098000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			53800000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-11700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			84300000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	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)			193600000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1956100000
	Net cash flows from (used in) operations			698100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1200000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			696900000
	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			347200000
	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			56900000
	Purchase of property, plant and equipment			650600000
	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			79200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			266400000
	Net cash flows from (used in) investing activities	-595300000
	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			0
	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			1798000000
	Repayments of borrowings			1257000000
	Payments of lease liabilities			600000
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-629900000
	Net cash flows from (used in) financing activities			-89500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			12100000
	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			12100000
	Cash and cash equivalents cash flow statement at beginning of period			26400000
	Cash and cash equivalents cash flow statement at end of period			38500000