Integrated Filing — IndAS

General information about company
Scrip Code	531497
NSE Symbol	MADHUCON
MSEI Symbol	NA
ISIN	INE378D01032
Name of company	MADHUCON PROJECTS 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	17-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	05-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	Construction project activities
Start date and time of board meeting	17-May-2025   11:00:00
End date and time of board meeting	17-May-2025   16:35:00
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	1387800000	6765613000
	Other income	370810000	3346796000
	Total income	1758610000	10112409000
2	Expenses
(a)	Cost of materials consumed	1033389000	5359454000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	45312000	181286000
(e)	Finance costs	270182000	388420000
(f)	Depreciation, depletion and amortisation expense	259046000	5311173000
(f)	Other Expenses
1	Other Expenses	672354000	4048074000
2	Other Expenses	0	0
3	Other Expenses	0	0
4	Other Expenses	0	0
5	Other Expenses	0	0
6	Other Expenses	0	0
7	Other Expenses	0	0
8	Other Expenses	0	0
9	Other Expenses	0	0
10	Other Expenses	0	0
	Total other expenses	672354000	4048074000
	Total expenses	2280283000	15288407000
3	Total profit before exceptional items and tax	-521673000	-5175998000
4	Exceptional items	0	0
5	Total profit before tax	-521673000	-5175998000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	92854000	56430000
9	Total tax expenses	92854000	56430000
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	-614527000	-5232428000
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	-614527000	-5232428000
17	Other comprehensive income net of taxes	787000	787000
18	Total Comprehensive Income for the period	-613740000	-5231641000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	-388725000	-4752050000
	Total profit or loss, attributable to non-controlling interests	-225802000	-225802000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-387938000	-4751263000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-225802000	-480378000
21	Details of equity share capital
	Paid-up equity share capital	73795000	73795000
	Face value of equity share capital	1	1
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	-5.27	-64.4
	Diluted earnings (loss) per share from continuing operations	-5.27	-64.4
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	-5.27	-64.4
	Diluted earnings (loss) per share from continuing and discontinued operations	-5.27	-64.4
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 at its meeting and approved by the Board of Directors of the Company at its meting held on May 17th 2025 The Stayutory Auditors have submitted Audit Report on the Audited Financial Results for Quarter and Year ended March 31st 2025 n2 The Companys operations primarily consisits of construction project activities and there are no other reportable segments under Ind AS 108 Operating Segments n3 The Consolidated Audited Financial Results of the Company have been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBI LODR Regulations 2015 n4 Figures of the Quarter ended March 31st 2025 and March 31st 2024 are balancing figures between the Audited figures in respect of the Full Financial Year and Unaudited published figures upto the third quarter for the respective year n5 Figures of previous period have been regrouped rearranged wherever 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	413452000
	Capital work-in-progress	870853000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	831162000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	5458000
	Trade receivables, non-current	0
	Loans, non-current	560574000
	Other non-current financial assets	13300398000
	Total non-current financial assets	13866430000
	Deferred tax assets (net)	501526000
	Other non-current assets	2042510000
	Total non-current assets	18525933000
2	Current assets
	Inventories	18001000
	Current financial asset
	Current investments	0
	Trade receivables, current	54248000
	Cash and cash equivalents	598596000
	Bank balance other than cash and cash equivalents	64356000
	Loans, current	0
	Other current financial assets	14911842000
	Total current financial assets	15629042000
	Current tax assets (net)	239233000
	Other current assets	1708244000
	Total current assets	17594520000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	36120453000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	74032000
	Other equity	-14754352000
	Total equity attributable to owners of parent	-14680320000
	Non controlling interest	-5371227000
	Total equity	-20051547000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	14558224000
	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	2210864000
	Total Trade payable	2210864000
	Other non-current financial liabilities	367849000
	Total non-current financial liabilities	17136937000
	Provisions, non-current	1846752000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	1509603000
	Total non-current liabilities	20493292000
	Current liabilities
	Current financial liabilities
	Borrowings, current	20985540000
	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	1136846000
	Total Trade payable	1136846000
	Other current financial liabilities	2422709000
	Total current financial liabilities	24545095000
	Other current liabilities	6816573000
	Provisions, current	4241178000
	Current tax liabilities (Net)	75862000
	Deferred government grants, Current	0
	Total current liabilities	35678708000
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	56172000000
	Total equity and liabilites	36120453000
	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	RE-MEASUREMENT GAINS/(LOSSES) ON DEFINED BENFIT PLANS	787000	787000
	Total Amount of items that will not be reclassified to profit and loss	787000	787000
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	787000	787000

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			-5175998000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			349482000
	Adjustments for decrease (increase) in inventories			2888000
	Adjustments for decrease (increase) in trade receivables, current			302913000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			177185000
	Adjustments for decrease (increase) in other non-current assets			-1395113000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			4841773000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-1150016000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			52083000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			5311173000
	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			-2148058000
	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			320864000
	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)			6023446000
	Net cash flows from (used in) operations			847448000
	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			847448000
	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			5063543000
	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			-4868349000
	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			320864000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-64356000
	Net cash flows from (used in) investing activities	451702000
	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			-452836000
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			1194824000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			349482000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-1091470000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			207680000
	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			207680000
	Cash and cash equivalents cash flow statement at beginning of period			390916000
	Cash and cash equivalents cash flow statement at end of period			598596000

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)	Replies submitted
Textual Information(2)	For Management views
Textual Information(3)	Not Ascertainabe
Textual Information(4)	Not Assetainable
Textual Information(5)	Not Ascertainable