Integrated Filing — IndAS

General information about company
Scrip Code	500460
NSE Symbol	MUKANDLTD
MSEI Symbol	NOTLISTED
ISIN	INE304A01026
Name of company	MUKAND 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	16-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	19-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	Multi segment
Description of single segment
Start date and time of board meeting	16-May-2025   12:00:00
End date and time of board meeting	16-May-2025   15:45:00
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

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	11068900000	48899900000
	Other income	55500000	144300000
	Total income	11124400000	49044200000
2	Expenses
(a)	Cost of materials consumed	7057700000	31940700000
(b)	Purchases of stock-in-trade	-17800000	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-332300000	-1417200000
(d)	Employee benefit expense	546800000	2263600000
(e)	Finance costs	332900000	1296300000
(f)	Depreciation, depletion and amortisation expense	132600000	507300000
(f)	Other Expenses
1	Other Expenses	1638200000	7020800000
2	Stores, Spares, Components,Tools, etc. consumed	1532800000	6265100000
3	Expenditure transferred to Capital Account / Capital Work-in-Progress	-7800000	-15400000
	Total other expenses	3163200000	13270500000
	Total expenses	10883100000	47861200000
3	Total profit before exceptional items and tax	241300000	1183000000
4	Exceptional items	0	0
5	Total profit before tax	241300000	1183000000
6	Tax expense
7	Current tax	2000000	2000000
8	Deferred tax	130300000	422100000
9	Total tax expenses	132300000	424100000
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	109000000	758900000
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	109000000	758900000
17	Other comprehensive income net of taxes	-21900000	-52200000
18	Total Comprehensive Income for the period	87100000	706700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	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	0	0
	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	1445100000	1445100000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		8051100000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.75	5.24
	Diluted earnings (loss) per share from continuing operations	0.75	5.24
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	0.75	5.24
	Diluted earnings (loss) per share from continuing and discontinued operations	0.75	5.24
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 above results have been reviewed by the Audit Committee and approved by the Board nof Directors at its meeting held on May 16, 2025. n2. The Board of Directors have recommended a dividend of Rs. ___ per equity share (__), nsubject to approval of Shareholders. n3. The Board of Directors of the Company and Mukand Sumi Metal Processing Limited n(MSMPL), a wholly owned subsidiary of the Company, had approved demerger of Stainless nSteel Cold Finished Bars and Wires business of MSMPL (‘Demerged Undertaking) as a ngoing concern pursuant to the Scheme of Arrangement amongst the Company, MSMPL and ntheir respective Shareholders and Creditors under Sections 230 to 232 read with Section 52 n(“Demerger”) and other applicable provisions of the Companies Act, 2013 (Scheme). nThe Scheme has been approved by the National Company Law Tribunal (“NCLT”) vide its norder dated April 29, 2025 and a certified copy of the order has been filed with the Registrar nof Companies, Mumbai Maharashtra, on May 12, 2025. n nSince MSMPL is a wholly owned subsidiary of the Company, no additional shares are issued nby the Company, pursuant to the Scheme. n nIn terms of the approved Scheme, the Demerger has been accounted as per the applicable naccounting principles as laid down in Appendix C to Ind AS 103 “Business Combination of nentities under common control”. The Assets and Liabilities of Demerged undertaking are nrecorded by the Company at their respective book values as appearing in the books of nMSMPL with effect from April 01,2024 (“The Appointed Date”). Accordingly, the financial nstatements of the Company for previous year have been restated to reflect the impact of the nScheme of Arrangement. n nAs per the accounting treatment approved by the NCLT, the Company has adjusted the ndeficit of Rs.34.01 crores after recording Assets & Liabilities transferred from the demerged nCompany and adjustments made in investments held in Demerged Company and after nconsidering the impact pursuant to cancellation of the inter-company, with “Capital Reserve nAccount” in the financial statement of the Company. n nThe figures in respect of previous quarter, previous year’s quarter / year are stated as ncomputed and restated by the Management. n n4. Board of Directors of the Company in the meeting held on May 16, 2025, have approved the ntransfer of part of its Industrial Machinery Division, namely designing, manufacturing, nErection and Commissioning of EOT Cranes, other material handling and process plant nequipment activities on a going concern basis by way of a slump sale to Mukand Heavy nEngineering Limited (“MHEL”), a wholly owned subsidiary of the company, through nexecution of Business Transfer Agreement (“BTA”). n nThe proposed slump sale, including inter-alia, shall be subject to completion of condition nprecedents as mentioned in the BTA. n nThe consideration for the slump sale, to be determined as per BTA, will be discharged by nissuance of requisite number of equity shares of MHEL as on the closing date. n n5. The figures of last quarter are the balancing figures between audited figures in respect of full nfinancial year and the published year-to-date figures up to the third quarter of the current nfinancial year, which were subjected to Limited Review. n n6. Figures in respect of the previous period have been regrouped / recast wherever necessary nin case of the above 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	5367400000
	Capital work-in-progress	1401500000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	26500000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	281900000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	173100000
	Total non-current financial assets	455000000
	Deferred tax assets (net)	252400000
	Other non-current assets	850700000
	Total non-current assets	8353500000
2	Current assets
	Inventories	20077700000
	Current financial asset
	Current investments	11900000
	Trade receivables, current	4269500000
	Cash and cash equivalents	216000000
	Bank balance other than cash and cash equivalents	41100000
	Loans, current	724900000
	Other current financial assets	340300000
	Total current financial assets	5603700000
	Current tax assets (net)	0
	Other current assets	1308900000
	Total current assets	26990300000
3	Non-current assets classified as held for sale	75700000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	35419500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1445100000
	Other equity	8051100000
	Total equity attributable to owners of parent	9496200000
	Non controlling interest
	Total equity	9496200000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1072500000
	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	0
	Total Trade payable	0
	Other non-current financial liabilities	82100000
	Total non-current financial liabilities	1154600000
	Provisions, non-current	589600000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1744200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	14520400000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	228100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	5721500000
	Total Trade payable	5949600000
	Other current financial liabilities	568200000
	Total current financial liabilities	21038200000
	Other current liabilities	3073500000
	Provisions, current	67400000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	24179100000
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	25923300000
	Total equity and liabilites	35419500000
	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)
1	Specialty Steel	10481400000	46515200000
2	Industrial Machinery & Engineering Contracts	587500000	2384700000
	Total Segment Revenue	11068900000	48899900000
	Less: Inter segment revenue	0	0
	Revenue from operations	11068900000	48899900000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Specialty Steel	411900000	2138700000
2	Industrial Machinery & Engineering Contracts	189400000	384200000
	Total Profit before tax	601300000	2522900000
	i. Finance cost	332900000	332900000
	ii. Other Unallocable Expenditure net off Unallocable income	27100000	27100000
	Profit before tax	241300000	1183000000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Specialty Steel	28830200000	28830200000
2	Industrial Machinery & Engineering Contracts	3598000000	3598000000
	Total Segment Asset	32428200000	32428200000
	Un-allocable Assets	2991300000	2991300000
	Net Segment Asset	35419500000	35419500000
4	Segment Liabilities
	Segment Liabilities
1	Specialty Steel	8517500000	8517500000
2	Industrial Machinery & Engineering Contracts	1007300000	1007300000
	Total Segment Liabilities	9524800000	9524800000
	Un-allocable Liabilities	16398500000	16398500000
	Net Segment Liabilities	25923300000	25923300000
	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	Actuarial Gain/(Loss) on Employee defined benefit funds	-29300000	-69800000
	Total Amount of items that will not be reclassified to profit and loss	-29300000	-69800000
2	Income tax relating to items that will not be reclassified to profit or loss	-7400000	-17600000
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	-21900000	-52200000

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			1183000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1235300000
	Adjustments for decrease (increase) in inventories			-4176500000
	Adjustments for decrease (increase) in trade receivables, current			1036200000
	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			-590600000
	Adjustments for other financial assets, non-current			-225500000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1552300000
	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			804800000
	Adjustments for depreciation and amortisation expense			507300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			2900000
	Adjustments for provisions, non-current			-29300000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			424800000
	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)			-9400000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-40500000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			54700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			546500000
	Net cash flows from (used in) operations			1729500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-71400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1800900000
	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			197200000
	Purchase of property, plant and equipment			1260600000
	Proceeds from sales of investment property			-177600000
	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			100000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			3500000
	Net cash flows from (used in) investing activities	-1237400000
	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			-701000000
	Payments of lease liabilities			0
	Dividends paid			288200000
	Interest paid			1270400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-857600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-294100000
	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			-294100000
	Cash and cash equivalents cash flow statement at beginning of period			510100000
	Cash and cash equivalents cash flow statement at end of period			216000000