Integrated Filing — IndAS

General information about company
Scrip Code	534748
NSE Symbol	STEELXIND
MSEI Symbol	NA
ISIN	INE503B01021
Name of company	Steel Exchange India 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	19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	12-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	19-May-2025   15:00:00
End date and time of board meeting	19-May-2025   16:30:00
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	2022-10-21
Indicate Company website link for updated RPT policy of the Company	www.seil.co.in
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
No Default on Loan and Debt Securities

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	2914204000	11440226000
	Other income	166057000	193546000
	Total income	3080261000	11633772000
2	Expenses
(a)	Cost of materials consumed	2218496000	7888894000
(b)	Purchases of stock-in-trade	273393000	1388596000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-243920000	-372595000
(d)	Employee benefit expense	106764000	390033000
(e)	Finance costs	192680000	745367000
(f)	Depreciation, depletion and amortisation expense	58006000	235732000
(f)	Other Expenses
1	Impairment allowance for doubtfull and other receivables	-9564000	-4331000
2	Other Expenses	241125000	907091000
	Total other expenses	231561000	902760000
	Total expenses	2836980000	11178787000
3	Total profit before exceptional items and tax	243281000	454985000
4	Exceptional items	0	0
5	Total profit before tax	243281000	454985000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	195641000	195641000
9	Total tax expenses	195641000	195641000
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	47640000	259344000
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	47640000	259344000
17	Other comprehensive income net of taxes	-1796000	-1796000
18	Total Comprehensive Income for the period	45844000	257548000
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	1197633000	1197633000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		3911600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.04	0.22
	Diluted earnings (loss) per share from continuing operations	0.04	0.22
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	0.04	0.22
	Diluted earnings (loss) per share from continuing and discontinued operations	0.04	0.22
24	Debt equity ratio	0.0048	0.0048
25	Debt service coverage ratio	0.0138	0.0136
26	Interest service coverage ratio	0.0291	0.0207
27	Disclosure of notes on financial results		1 The above financial results for the quarter and year ended 31st March 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19-05-2025 and a limited review of the same was carried out by the Statutory Auditors of the Company n n2 Considering the requirements under Indian Accounting Standard Ind AS 108 on Operating Segments the Company has identified sale of Steel and Power as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below a The steel segment includes production and marketing operations of Sponge iron Billets and Rebars_TMT. nb The power segment includes generation and marketing operations of Thermal and Gas based power. n n3,828_18.75% Listed and rated and redeemable and secured Non-Convertible Debentures_NCDs of Rs 1000000 each issued to True North Credit Opportunities Fund-I and Neo Special Credit Opportunities Fund Mumbai are stated at reduced face value of Rs 651157 each NCD as on 31-03-2025 after part payment of stipulated mandatory payments to the NCD holders during the quarter. n n4 1000-18.75% Unlisted and rated and redeemable and secured Non-Convertible Debentures NCDs of Rs 1000000 each issued to Neo Special Credit Opportunities Fund and others are stated at reduced face value of Rs 910000 each NCD as on 31-03-2025 after part payment of stipulated mandatory payments to the NCD holders during the quarter. n n5 During the quarter the company has completed the capex works undertaken and on 18-03-2025 it has commissioned its enhanced capacities that is Steel Melting Shop SMS Plant from 250000 MTPA to 362000 MTPA and Rolling Mill from 225000 MTPA to 357000 MTPA. n n6 Other income includes interest lease rentals received and miscellaneous income. n n7 Previous period and quarter figures have been re arranged and regrouped where ever considered necessary.

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	6133738000
	Capital work-in-progress	29400000
	Investment property
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	342042000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets
	Total non-current financial assets	342042000
	Deferred tax assets (net)	300757000
	Other non-current assets
	Total non-current assets	6805937000
2	Current assets
	Inventories	3062987000
	Current financial asset
	Current investments	0
	Trade receivables, current	1922388000
	Cash and cash equivalents	130475000
	Bank balance other than cash and cash equivalents	79968000
	Loans, current	0
	Other current financial assets	507182000
	Total current financial assets	2640013000
	Current tax assets (net)
	Other current assets	215106000
	Total current assets	5918106000
3	Non-current assets classified as held for sale	117484000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	12841527000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1197633000
	Other equity	5862136000
	Total equity attributable to owners of parent	7059769000
	Non controlling interest
	Total equity	7059769000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	2402143000
	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	2402143000
	Provisions, non-current	33928000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities	186088000
	Total non-current liabilities	2622159000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1175707000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	54440000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1351167000
	Total Trade payable	1405607000
	Other current financial liabilities	190527000
	Total current financial liabilities	2771841000
	Other current liabilities	385232000
	Provisions, current	2526000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	3159599000
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	5781758000
	Total equity and liabilites	12841527000
	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	Steel	2887282000	11208025000
2	Power	283989000	1268028000
	Total Segment Revenue	3171271000	12476053000
	Less: Inter segment revenue	257067000	257067000
	Revenue from operations	2914204000	11440226000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Steel	443839000	1158622000
2	Power	-7877000	41729000
	Total Profit before tax	435962000	1200351000
	i. Finance cost	192680000	192680000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	243282000	454984000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Steel	10272039000	10272039000
2	Power	2268731000	2268731000
	Total Segment Asset	12540770000	12540770000
	Un-allocable Assets	0	0
	Net Segment Asset	12540770000	12540770000
4	Segment Liabilities
	Segment Liabilities
1	Steel	3083248000	3083248000
2	Power	76351000	76351000
	Total Segment Liabilities	3159599000	3159599000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	3159599000	3159599000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

1 The above financial results for the quarter and year ended 31st March 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19-05-2025 and a limited review of the same was carried out by the Statutory Auditors of the Company n n2 Considering the requirements under Indian Accounting Standard Ind AS 108 on Operating Segments the Company has identified sale of Steel and Power as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below a The steel segment includes production and marketing operations of Sponge iron Billets and Rebars_TMT. nb The power segment includes generation and marketing operations of Thermal and Gas based power. n n3,828_18.75% Listed and rated and redeemable and secured Non-Convertible Debentures_NCDs of Rs 1000000 each issued to True North Credit Opportunities Fund-I and Neo Special Credit Opportunities Fund Mumbai are stated at reduced face value of Rs 651157 each NCD as on 31-03-2025 after part payment of stipulated mandatory payments to the NCD holders during the quarter. n n4 1000-18.75% Unlisted and rated and redeemable and secured Non-Convertible Debentures NCDs of Rs 1000000 each issued to Neo Special Credit Opportunities Fund and others are stated at reduced face value of Rs 910000 each NCD as on 31-03-2025 after part payment of stipulated mandatory payments to the NCD holders during the quarter. n n5 During the quarter the company has completed the capex works undertaken and on 18-03-2025 it has commissioned its enhanced capacities that is Steel Melting Shop SMS Plant from 250000 MTPA to 362000 MTPA and Rolling Mill from 225000 MTPA to 357000 MTPA. n n6 Other income includes interest lease rentals received and miscellaneous income. n n7 Previous period and quarter figures have been re arranged and regrouped where ever considered necessary

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	2610000	2610000
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	-814000	-814000
5	Total Other comprehensive income	-1796000	-1796000

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			454985000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			745367000
	Adjustments for decrease (increase) in inventories			-107501000
	Adjustments for decrease (increase) in trade receivables, current			-172312000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-3095000
	Adjustments for decrease (increase) in other non-current assets			116344000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-148126000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			149200000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			2538000
	Adjustments for increase (decrease) in other non-current liabilities			2253000
	Adjustments for depreciation and amortisation expense			235732000
	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			-193311000
	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			-114919000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			512170000
	Net cash flows from (used in) operations			967155000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			967155000
	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			319069000
	Purchase of property, plant and equipment			0
	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			-470967000
	Net cash flows from (used in) investing activities	-151898000
	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			186877000
	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			336524000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-655943000
	Net cash flows from (used in) financing activities			-805590000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			9667000
	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			9667000
	Cash and cash equivalents cash flow statement at beginning of period			200778000
	Cash and cash equivalents cash flow statement at end of period			210445000