Integrated Filing — IndAS

General information about company
Scrip Code	543267
NSE Symbol	DAVANGERE
MSEI Symbol	NOTLISTED
ISIN	INE179G01029
Name of company	Davangere Sugar Company 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	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	03-May-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	14-May-2025   20:00:00
End date and time of board meeting	14-May-2025   21:45:00
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	2023-05-30
Indicate Company website link for updated RPT policy of the Company	https://davangeresugar.com/wp-content/uploads/2023/06/Related-Party-Transaction-Policy.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
na

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	569069000	2149853000
	Other income	5682000	17707000
	Total income	574751000	2167560000
2	Expenses
(a)	Cost of materials consumed	425626000	1334914000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-79130000	-144164000
(d)	Employee benefit expense	12866000	83579000
(e)	Finance costs	43177000	281935000
(f)	Depreciation, depletion and amortisation expense	36845000	126990000
(f)	Other Expenses
1	Other Expenses	85912000	255095000
2	Power & Fuel	26984000	100622000
	Total other expenses	112896000	355717000
	Total expenses	552280000	2038971000
3	Total profit before exceptional items and tax	22471000	128589000
4	Exceptional items	0	0
5	Total profit before tax	22471000	128589000
6	Tax expense
7	Current tax	4798000	22467000
8	Deferred tax	-1752000	-3248000
9	Total tax expenses	3046000	19219000
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	19425000	109370000
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	19425000	109370000
17	Other comprehensive income net of taxes	-1060000	-1060000
18	Total Comprehensive Income for the period	18365000	108310000
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	940845000	940845000
	Face value of equity share capital	25673.04	25673.04
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	0.22	1.15
	Diluted earnings (loss) per share from continuing operations	0.22	1.15
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	0.22	1.15
	Diluted earnings (loss) per share from continuing and discontinued operations	0.22	1.15
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		As per pdf resutls uploaded on stock exchanges 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	3493971000
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	146000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	46178000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets
	Total non-current financial assets	46178000
	Deferred tax assets (net)
	Other non-current assets	198788000
	Total non-current assets	3739083000
2	Current assets
	Inventories	1445295000
	Current financial asset
	Current investments	0
	Trade receivables, current	288231000
	Cash and cash equivalents	33820000
	Bank balance other than cash and cash equivalents	0
	Loans, current	1920367000
	Other current financial assets
	Total current financial assets	2242418000
	Current tax assets (net)
	Other current assets
	Total current assets	3687713000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	7426796000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	940845000
	Other equity	2557352000
	Total equity attributable to owners of parent	3498197000
	Non controlling interest
	Total equity	3498197000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	473810000
	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
	Total non-current financial liabilities	473810000
	Provisions, non-current	0
	Deferred tax liabilities (net)	14015000
	Deferred government grants, Non-current
	Other non-current liabilities	857520000
	Total non-current liabilities	1345345000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2233683000
	Trade payables, 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	281524000
	Total Trade payable	281524000
	Other current financial liabilities
	Total current financial liabilities	2515207000
	Other current liabilities	67496000
	Provisions, current	551000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	2583254000
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	3928599000
	Total equity and liabilites	7426796000
	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	Sugar	128223000	508687000
2	Co Generation	18000000	62289000
3	Aviation	4093000	74960000
4	Distellery	418754000	1503918000
5	Others	5681000	17706000
	Total Segment Revenue	574751000	2167560000
	Less: Inter segment revenue
	Revenue from operations	574751000	2167560000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Sugar	28351000	-228962000
2	Co Generation	-34270000	-60817000
3	Aviation	10931000	38450000
4	Distellery	64904000	651444000
5	Others	0	0
	Total Profit before tax	69916000	400115000
	i. Finance cost	47445000	47445000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	22471000	128590000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Sugar	4256305000	4256305000
2	Co Generation	906735000	906735000
3	Aviation	49685000	49685000
4	Distellery	2137582000	2137582000
5	Others	0	0
	Total Segment Asset	7350307000	7350307000
	Un-allocable Assets	0	0
	Net Segment Asset	7350307000	7350307000
4	Segment Liabilities
	Segment Liabilities
1	Sugar	2744400000	2744400000
2	Co Generation	12912000	12912000
3	Aviation	1360000	1360000
4	Distellery	1093438000	1093438000
5	Others	0	0
	Total Segment Liabilities	3852110000	3852110000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	3852110000	3852110000
	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
	Total Amount of items that will not be reclassified to profit and loss
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	1060000	1060000
5	Total Other comprehensive income	-1060000	-1060000

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			128589000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			-226325000
	Adjustments for decrease (increase) in trade receivables, current			-103938000
	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			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			63197000
	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			126990000
	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			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	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)			0
	Other adjustments for non-cash items			-31007000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-171083000
	Net cash flows from (used in) operations			-42494000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-3248000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-39246000
	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			0
	Purchase of property, plant and equipment			-30915000
	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			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			600000
	Net cash flows from (used in) investing activities	31515000
	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			0
	Repayments of borrowings			-7394000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			7394000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-337000
	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			-337000
	Cash and cash equivalents cash flow statement at beginning of period			34217000
	Cash and cash equivalents cash flow statement at end of period			33880000