Integrated Filing — IndAS

General information about company
Scrip Code	526608
NSE Symbol	ELECTHERM
MSEI Symbol	NOTLISTED
ISIN	INE822G01016
Name of company	ELECTROTHERM (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	Multi segment
Description of single segment
Start date and time of board meeting	20-May-2025   10:55:00
End date and time of board meeting	20-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	Statement on impact of audit qualification

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	11610800000	41153700000
	Other income	24000000	82900000
	Total income	11634800000	41236600000
2	Expenses
(a)	Cost of materials consumed	7174000000	27235600000
(b)	Purchases of stock-in-trade	49900000	557900000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	1217600000	278700000
(d)	Employee benefit expense	507900000	1988500000
(e)	Finance costs	81800000	455200000
(f)	Depreciation, depletion and amortisation expense	121600000	443900000
(f)	Other Expenses
1	Other Expenses	2016800000	7377900000
	Total other expenses	2016800000	7377900000
	Total expenses	11169600000	38337700000
3	Total profit before exceptional items and tax	465200000	2898900000
4	Exceptional items	1067800000	1198700000
5	Total profit before tax	1533000000	4097600000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-321400000	-321400000
9	Total tax expenses	-321400000	-321400000
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	1854400000	4419000000
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	600000	2500000
16	Total profit (loss) for period	1855000000	4421500000
17	Other comprehensive income net of taxes	-11000000	-27800000
18	Total Comprehensive Income for the period	1844000000	4393700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	1855000000	4421500000
	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	-11000000	-27800000
	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	127400000	127400000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		-5806700000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	145.6	347.06
	Diluted earnings (loss) per share from continuing operations	145.6	347.06
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	145.6	347.06
	Diluted earnings (loss) per share from continuing and discontinued operations	145.6	347.06
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above Consolidated Financial Results of Electrotherm (India) Limited (holding Company) (the holding Company and along with its subsidiary and joint venture the Group) were reviewed and recommended by the Audit Committee meeting held on May 19, 2025 and approved by the Board of Directors at their meeting held on May 20, 2025. n2. The figures of the last quarter are the balancing figure between audited figures in respect of the financial year ended March 31, 2025 and March 31, 2024 and the unaudited published year to date figures upto December 31, 2024 and December 31, 2023 respectively, being the date of the end of third quarter of the respective financial year, which were subjected to limited review. n3. (a) During the quarter ended March 31, 2025, the holding company defaulted on the repayment of a loan installment amounting to Rs 6.00 crore and the related interest of Rs 2.83 crore due to Invent Assets Securitization and Reconstruction Private Limited. The total outstanding amount of Rs 8.83 crore was subsequently fully repaid by the Company. n nFurther Notes as per the Audited Financial Results submitted on 20.05.2025.

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	5949500000
	Capital work-in-progress	976700000
	Investment property	0
	Goodwill	0
	Other intangible assets	57300000
	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	79800000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	386800000
	Total non-current financial assets	466600000
	Deferred tax assets (net)	321400000
	Other non-current assets	235200000
	Total non-current assets	8006700000
2	Current assets
	Inventories	5928700000
	Current financial asset
	Current investments	500000
	Trade receivables, current	2570700000
	Cash and cash equivalents	92200000
	Bank balance other than cash and cash equivalents	630400000
	Loans, current	0
	Other current financial assets	15100000
	Total current financial assets	3308900000
	Current tax assets (net)	132400000
	Other current assets	1806200000
	Total current assets	11176200000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	19182900000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	127400000
	Other equity	-1715200000
	Total equity attributable to owners of parent	-1587800000
	Non controlling interest
	Total equity	-1587800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3532600000
	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	19800000
	Total non-current financial liabilities	3552400000
	Provisions, non-current	296000000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	3848400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	9296500000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	698600000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3891100000
	Total Trade payable	4589700000
	Other current financial liabilities	150300000
	Total current financial liabilities	14036500000
	Other current liabilities	2657700000
	Provisions, current	228100000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	16922300000
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	20770700000
	Total equity and liabilites	19182900000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	Further Notes as per the Audited Financial Results submitted on 20.05.2025. n

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	Engineering & Technologies Division	3498300000	11945000000
2	Special Steel Division	8134200000	29318300000
3	Electric Vehicle Division	51300000	249100000
4	Others	0	0
	Total Segment Revenue	11683800000	41512400000
	Less: Inter segment revenue	73000000	73000000
	Revenue from operations	11610800000	41153700000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Engineering & Technologies Division	125700000	1106400000
2	Special Steel Division	452400000	2484300000
3	Electric Vehicle Division	-31100000	-105800000
4	Others	0	100000
	Total Profit before tax	547000000	3485000000
	i. Finance cost	81800000	81800000
	ii. Other Unallocable Expenditure net off Unallocable income	-1067800000	-1067800000
	Profit before tax	1533000000	4097600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Engineering & Technologies Division	6054000000	6054000000
2	Special Steel Division	12417900000	12417900000
3	Electric Vehicle Division	304800000	304800000
4	Others	84800000	84800000
	Total Segment Asset	18861500000	18861500000
	Un-allocable Assets	321400000	321400000
	Net Segment Asset	19182900000	19182900000
4	Segment Liabilities
	Segment Liabilities
1	Engineering & Technologies Division	3957300000	3957300000
2	Special Steel Division	16399500000	16399500000
3	Electric Vehicle Division	128200000	128200000
4	Others	285700000	285700000
	Total Segment Liabilities	20770700000	20770700000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	20770700000	20770700000
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	Further Notes as per the Audited Financial Results submitted on 20.05.2025.

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	Remeasurement Gain/(Loss) on Defined Benefit Plans	-11000000	-27800000
	Total Amount of items that will not be reclassified to profit and loss	-11000000	-27800000
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	0	0
5	Total Other comprehensive income	-11000000	-27800000

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			4097600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			422700000
	Adjustments for decrease (increase) in inventories			206700000
	Adjustments for decrease (increase) in trade receivables, current			-374100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			57700000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			500000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			-342900000
	Adjustments for increase (decrease) in trade payables, current			311700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-405900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			443900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-569600000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			38900000
	Adjustments for other financial liabilities, current			10100000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-33800000
	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)			-546400000
	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)			-780500000
	Net cash flows from (used in) operations			3317100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			30300000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3286800000
	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			100000
	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			330200000
	Purchase of property, plant and equipment			890600000
	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			27500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-188900000
	Net cash flows from (used in) investing activities	-721700000
	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			2385800000
	Payments of lease liabilities			7900000
	Dividends paid			0
	Interest paid			632300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3026000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-460900000
	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			-460900000
	Cash and cash equivalents cash flow statement at beginning of period			553100000
	Cash and cash equivalents cash flow statement at end of period			92200000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)

Text Block
Textual Information(1)	Non-provision of interest on Non-Performing Assets (NPA) accounts of banks of Rs. 172.41 Crore for the year under consideration and the total amount of such unprovided interest till date is Rs. 1212.65 Crore.
Textual Information(2)	The loan accounts of the Company and its two subsidiaries i.e. Hans lspat Limited and Shree Ram Electro Cast Limited has been classified as Non-Performing Assets (NPA) by the Bankers and some of the Bankers has not charged interest on the said accounts and therefore provision for interest has not been made in the books of account. The quantification has been done only for the loans which has not been settled.
Textual Information(3)	Not Applicable
Textual Information(4)	Not Applicable
Textual Information(5)	Not Applicable