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
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	Single segment
Description of single segment	Manufacturing of Explosives and its Accessories
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	Not applicable
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	2025-05-02
Indicate Company website link for updated RPT policy of the Company	05-02-2025
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	12992800000	44566000000
	Other income	145300000	837500000
	Total income	13138100000	45403500000
2	Expenses
(a)	Cost of materials consumed	6999500000	23544500000
(b)	Purchases of stock-in-trade	423700000	2311800000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-57000000	-58200000
(d)	Employee benefit expense	703400000	2322800000
(e)	Finance costs	80800000	289300000
(f)	Depreciation, depletion and amortisation expense	207500000	746400000
(f)	Other Expenses
1	Other Expenses	1740400000	5474000000
	Total other expenses	1740400000	5474000000
	Total expenses	10098300000	34630600000
3	Total profit before exceptional items and tax	3039800000	10772900000
4	Exceptional items	0	0
5	Total profit before tax	3039800000	10772900000
6	Tax expense
7	Current tax	761900000	2645500000
8	Deferred tax	7600000	96300000
9	Total tax expenses	769500000	2741800000
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	2270300000	8031100000
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	2270300000	8031100000
17	Other comprehensive income net of taxes	-150600000	-57000000
18	Total Comprehensive Income for the period	2119700000	7974100000
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	181000000	181000000
	Face value of equity share capital	2	2
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	25.09	88.75
	Diluted earnings (loss) per share from continuing operations	25.09	88.75
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	25.09	88.75
	Diluted earnings (loss) per share from continuing and discontinued operations	25.09	88.75
24	Debt equity ratio	0.0006	0.0006
25	Debt service coverage ratio	0.0896	0.0753
26	Interest service coverage ratio	0.3511	0.3074
27	Disclosure of notes on financial 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		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	11243000000
	Capital work-in-progress	1121000000
	Investment property	89400000
	Goodwill	0
	Other intangible assets	60600000
	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	6864600000
	Trade receivables, non-current	0
	Loans, non-current	4373700000
	Other non-current financial assets	911400000
	Total non-current financial assets	12149700000
	Deferred tax assets (net)	0
	Other non-current assets	305500000
	Total non-current assets	24969200000
2	Current assets
	Inventories	3969700000
	Current financial asset
	Current investments	1725000000
	Trade receivables, current	7865200000
	Cash and cash equivalents	1929200000
	Bank balance other than cash and cash equivalents	32500000
	Loans, current	1668600000
	Other current financial assets	996300000
	Total current financial assets	14216800000
	Current tax assets (net)	0
	Other current assets	1201500000
	Total current assets	19388000000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	44357200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	181000000
	Other equity	30488600000
	Total equity attributable to owners of parent	30669600000
	Non controlling interest
	Total equity	30669600000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	935600000
	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	34600000
	Total non-current financial liabilities	970200000
	Provisions, non-current	0
	Deferred tax liabilities (net)	1301200000
	Deferred government grants, Non-current
	Other non-current liabilities	2609000000
	Total non-current liabilities	4880400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1013800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	201700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1666300000
	Total Trade payable	1868000000
	Other current financial liabilities	4585200000
	Total current financial liabilities	7467000000
	Other current liabilities	1232100000
	Provisions, current	65600000
	Current tax liabilities (Net)	42500000
	Deferred government grants, Current
	Total current liabilities	8807200000
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	13687600000
	Total equity and liabilites	44357200000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

The Audited Standalone Financial Results for the quarter and year ended March 31 2025 of SOLAR INDUSTRIES INDIA LIMITED the Company have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on May 20 2025.The Company confirms that its statutory auditors have carried out the statutory audit of the aforesaid results for the quarter and year ended March 31 2025. 2. These 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 time. 3.The Board has recommended a Final Dividend of RS 2 per equity share i e 500 PERCENT on the face value of RS 2 each for the FY 2024 25. 4. The Company 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 provided. 5.During 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 RS. 20.00 crores Twenty Crores and made an Interest Payment amounting to RS. 2.25 Crores at a coupon rate of 8.20 PERCENT per annum. nDuring the year ended March 31 2025 the Company had partially redeemed 1168 One thousand One Hundred and Sixty Eight unsecured rated listed senior redeemable non-convertible debentures NCDs having face value of RS. 100000 One lakh each amounting to RS. 11.67 crores Eleven crores and Sixty Seven lakh and made an Interest Payment amounting to RS. 2.54 Crores at a coupon rate of 8.31 PERCENT. As on March 31 2025 the aggregate amount of outstanding NCD is RS 38.33 crore. Note no 6 to 9 including annexure A is not included here due the space limitation However the same has filed along with the outcome of Board Meeting

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)
	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	Standalone	Standalone
	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	-166800000	-166800000
	Total Amount of items that will not be reclassified to profit and loss	-166800000	-166800000
2	Income tax relating to items that will not be reclassified to profit or loss	-24800000	-118400000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to Profit or Loss	-11500000	-11500000
	Total Amount of items that will be reclassified to profit and loss	-11500000	-11500000
4	Income tax relating to items that will be reclassified to profit or loss	-2900000	-2900000
5	Total Other comprehensive income	-150600000	-57000000

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			10772900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			289300000
	Adjustments for decrease (increase) in inventories			-1328600000
	Adjustments for decrease (increase) in trade receivables, current			-1958000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-742200000
	Adjustments for decrease (increase) in other non-current assets			82300000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-73500000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			2489700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			3498400000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			746400000
	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			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			3003800000
	Net cash flows from (used in) operations			13776700000
	Dividends received			0
	Interest paid			0
	Interest received			-621300000
	Income taxes paid (refund)			2620800000
	Other inflows (outflows) of cash			4500000
	Net cash flows from (used in) operating activities			10539100000
	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			500000
	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			9300000
	Purchase of property, plant and equipment			2779700000
	Proceeds from sales of investment property			479100000
	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			14258200000
	Cash receipts from repayment of advances and loans made to other parties			9157900000
	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			481100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1500000
	Net cash flows from (used in) investing activities	-6912500000
	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			19000000
	Repayments of borrowings			1194500000
	Payments of lease liabilities			14800000
	Dividends paid			769200000
	Interest paid			358600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-2318100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1308500000
	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			1308500000
	Cash and cash equivalents cash flow statement at beginning of period			620700000
	Cash and cash equivalents cash flow statement at end of period			1929200000