Integrated Filing — IndAS

General information about company
Scrip Code	532725
NSE Symbol	SOLARINDS
MSEI Symbol	NOTLISTED
ISIN	INE343H01029
Name of company	SOLAR INDUSTRIES 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	20-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	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	Single segment
Description of single segment	Manufacturing
Start date and time of board meeting	20-May-2025   13:05:00
End date and time of board meeting	20-May-2025   14:30:00
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

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	21665500000	75402600000
	Other income	65500000	708300000
	Total income	21731000000	76110900000
2	Expenses
(a)	Cost of materials consumed	9271300000	33753600000
(b)	Purchases of stock-in-trade	1858600000	5574400000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	524900000	-255100000
(d)	Employee benefit expense	1735800000	6000700000
(e)	Finance costs	287800000	1165000000
(f)	Depreciation, depletion and amortisation expense	504900000	1815000000
(f)	Other Expenses
1	Other Expenses	2878200000	10725400000
	Total other expenses	2878200000	10725400000
	Total expenses	17061500000	58779000000
3	Total profit before exceptional items and tax	4669500000	17331900000
4	Exceptional items	0	0
5	Total profit before tax	4669500000	17331900000
6	Tax expense
7	Current tax	1002500000	4280500000
8	Deferred tax	180100000	227600000
9	Total tax expenses	1182600000	4508100000
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	3486900000	12823800000
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	-25800000	55500000
16	Total profit (loss) for period	3461100000	12879300000
17	Other comprehensive income net of taxes	-277200000	-650000000
18	Total Comprehensive Income for the period	3183900000	12229300000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	3222300000	12094400000
	Total profit or loss, attributable to non-controlling interests	238800000	238800000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	2976000000	11535200000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	207900000	694100000
21	Details of equity share capital
	Paid-up equity share capital	181000000	181000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		43682400000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	35.61	133.65
	Diluted earnings (loss) per share from continuing operations	35.61	133.65
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	35.61	133.65
	Diluted earnings (loss) per share from continuing and discontinued operations	35.61	133.65
24	Debt equity ratio	0.0021	0.0021
25	Debt service coverage ratio	0.0425	0.0428
26	Interest service coverage ratio	0.1685	0.155
27	Disclosure of notes on financial results		1.tThe Audited Consolidated Financial Results for the quarter and year ended March 31 2025 of SOLAR INDUSTRIES INDIA LIMITED the Group have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on May 20 2025.The Group confirms that its statutory auditors have carried out the statutory audit of the aforesaid results for the quarter and year ended March 31 2025ttttttttttt n2.tThese results have been prepared in accordance with the Indian Accounting Standard referred to as Ind AS prescribed under Section 133 of the Companies Act 2013 read with Companies Indian Accounting Standards Rules as amended from time to timetttttttt n3.tThe Group has identified Explosives its Accessories and related services as its only reportable segment as defined under Ind AS 108 Operating Segments Accordingly no separate segment information has been providedttttttttttttttt n4.tDuring the year ended March 31 2025 the Company had partially redeemed 200 Two Hundred unsecured rated listed senior redeemable non convertible debentures NCDs having face value of Rs 1000000 Ten lakh each amounting to 20 crores Twenty Crores and made an Interest Payment amounting to Rs. 2.25 Crores at a coupon rate of 8.20 percent per annum. 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	24698100000
	Capital work-in-progress	7033800000
	Investment property	0
	Goodwill	1105600000
	Other intangible assets	1116400000
	Intangible assets under development	36000000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	363500000
	Non-current financial assets
	Non-current investments	1109500000
	Trade receivables, non-current	0
	Loans, non-current	325500000
	Other non-current financial assets	1441900000
	Total non-current financial assets	2876900000
	Deferred tax assets (net)	1754000000
	Other non-current assets	2363800000
	Total non-current assets	41348100000
2	Current assets
	Inventories	10399800000
	Current financial asset
	Current investments	5289700000
	Trade receivables, current	12385800000
	Cash and cash equivalents	5904300000
	Bank balance other than cash and cash equivalents	1350500000
	Loans, current	20900000
	Other current financial assets	1684800000
	Total current financial assets	26636000000
	Current tax assets (net)	0
	Other current assets	4189500000
	Total current assets	41225300000
3	Non-current assets classified as held for sale	39800000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	82613200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	181000000
	Other equity	43682400000
	Total equity attributable to owners of parent	43863400000
	Non controlling interest	1502800000
	Total equity	45366200000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3938800000
	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	9926300000
	Total non-current financial liabilities	13865100000
	Provisions, non-current	53200000
	Deferred tax liabilities (net)	2189900000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	16108200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5457100000
	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	4925200000
	Total Trade payable	4925200000
	Other current financial liabilities	5709500000
	Total current financial liabilities	16091800000
	Other current liabilities	4278400000
	Provisions, current	238600000
	Current tax liabilities (Net)	530000000
	Deferred government grants, Current	0
	Total current liabilities	21138800000
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	37247000000
	Total equity and liabilites	82613200000
	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)
	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	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	Items that will not be reclassified to profit or loss	-175000000	-175000000
	Total Amount of items that will not be reclassified to profit and loss	-175000000	-175000000
2	Income tax relating to items that will not be reclassified to profit or loss	-26500000	-120100000
3	Amount of items that will be reclassified to profit and loss
1	items that will be reclassified to profit or loss	-114000000	-611100000
	Total Amount of items that will be reclassified to profit and loss	-114000000	-611100000
4	Income tax relating to items that will be reclassified to profit or loss	14700000	-16000000
5	Total Other comprehensive income	-277200000	-650000000

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			17331900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1165000000
	Adjustments for decrease (increase) in inventories			-1875100000
	Adjustments for decrease (increase) in trade receivables, current			-3114100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-1471900000
	Adjustments for decrease (increase) in other non-current assets			-176800000
	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			2993200000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			11674700000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1815000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-12500000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-80000000
	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			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			10917500000
	Net cash flows from (used in) operations			28249400000
	Dividends received			0
	Interest paid			0
	Interest received			-256300000
	Income taxes paid (refund)			4030600000
	Other inflows (outflows) of cash			713100000
	Net cash flows from (used in) operating activities			24675600000
	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			2078900000
	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			10059500000
	Proceeds from sales of investment property			48400000
	Purchase of investment property			2840100000
	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			6500000
	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			200000
	Interest received			72000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1067700000
	Net cash flows from (used in) investing activities	-15932100000
	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			1180700000
	Repayments of borrowings			3573100000
	Payments of lease liabilities			181800000
	Dividends paid			769200000
	Interest paid			1182100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-238100000
	Net cash flows from (used in) financing activities			-4763600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			3979900000
	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			3979900000
	Cash and cash equivalents cash flow statement at beginning of period			2589800000
	Cash and cash equivalents cash flow statement at end of period			6569700000