Integrated Filing — IndAS

General information about company
Scrip Code	532457
NSE Symbol	GULPOLY
MSEI Symbol	NOTLISTED
ISIN	INE255D01024
Name of company	Gulshan Polyols 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	14-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   14:00:00
End date and time of board meeting	20-May-2025   15:45:00
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	5148819000	20196773000
	Other income	7840000	48666000
	Total income	5156659000	20245439000
2	Expenses
(a)	Cost of materials consumed	3913127000	14591591000
(b)	Purchases of stock-in-trade	-8572000	8037000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-419226000	-638496000
(d)	Employee benefit expense	122465000	421579000
(e)	Finance costs	87820000	284084000
(f)	Depreciation, depletion and amortisation expense	103551000	373821000
(f)	Other Expenses
1	Other Expenses	1252273000	4860500000
	Total other expenses	1252273000	4860500000
	Total expenses	5051438000	19901116000
3	Total profit before exceptional items and tax	105221000	344323000
4	Exceptional items	0	0
5	Total profit before tax	105221000	344323000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	35162000	97660000
9	Total tax expenses	35162000	97660000
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	70059000	246663000
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	70059000	246663000
17	Other comprehensive income net of taxes	-6756000	629000
18	Total Comprehensive Income for the period	63303000	247292000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	70059000	246663000
	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	63303000	247292000
	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	62371000	62371000
	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	1.12	3.95
	Diluted earnings (loss) per share from continuing operations	1.12	3.95
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	1.12	3.95
	Diluted earnings (loss) per share from continuing and discontinued operations	1.12	3.95
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	7154933000
	Capital work-in-progress	40108000
	Investment property	26950000
	Goodwill	0
	Other intangible assets	458000
	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	31772000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	212529000
	Total non-current financial assets	244301000
	Deferred tax assets (net)	0
	Other non-current assets	84397000
	Total non-current assets	7551147000
2	Current assets
	Inventories	2899208000
	Current financial asset
	Current investments	134072000
	Trade receivables, current	1844491000
	Cash and cash equivalents	13463000
	Bank balance other than cash and cash equivalents	22408000
	Loans, current	0
	Other current financial assets	0
	Total current financial assets	2014434000
	Current tax assets (net)	20896000
	Other current assets	742446000
	Total current assets	5676984000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	13228131000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	62371000
	Other equity	6069400000
	Total equity attributable to owners of parent	6131771000
	Non controlling interest	0
	Total equity	6131771000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1699356000
	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	52857000
	Total non-current financial liabilities	1752213000
	Provisions, non-current	8505000
	Deferred tax liabilities (net)	336953000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	2097671000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2220776000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	127583000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2176215000
	Total Trade payable	2303798000
	Other current financial liabilities	219141000
	Total current financial liabilities	4743715000
	Other current liabilities	254974000
	Provisions, current	0
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	4998689000
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	7096360000
	Total equity and liabilites	13228131000
	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)
1	Ethanol(Bio-Fuel)/Distillery	3114882000	11868002000
2	Grain Processing	1780313000	7285135000
3	Mineral Processing	253625000	1043637000
4	Unallocated	0	0
	Total Segment Revenue	5148820000	20196774000
	Less: Inter segment revenue
	Revenue from operations	5148820000	20196774000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Ethanol(Bio-Fuel)/Distillery	199986000	522978000
2	Grain Processing	-41716000	-112544000
3	Mineral Processing	49994000	203108000
4	Unallocated	-15223000	14865000
	Total Profit before tax	193041000	628407000
	i. Finance cost	87820000	87820000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	105221000	344323000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Ethanol(Bio-Fuel)/Distillery	8585865000	8585865000
2	Grain Processing	3761817000	3761817000
3	Mineral Processing	613866000	613866000
4	Unallocated	266583000	266583000
	Total Segment Asset	13228131000	13228131000
	Un-allocable Assets	0	0
	Net Segment Asset	13228131000	13228131000
4	Segment Liabilities
	Segment Liabilities
1	Ethanol(Bio-Fuel)/Distillery	5050599000	5050599000
2	Grain Processing	1531624000	1531624000
3	Mineral Processing	156891000	156891000
4	Unallocated	357247000	357247000
	Total Segment Liabilities	7096361000	7096361000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	7096361000	7096361000
	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	Gain/(Loss) on equity instruments	-6219000	1600000
2	Gain/(Loss) Of defined benefit obligation	-1903000	-507000
	Total Amount of items that will not be reclassified to profit and loss	-8122000	1093000
2	Income tax relating to items that will not be reclassified to profit or loss	-1368000	473000
3	Amount of items that will be reclassified to profit and loss
1	Gain/(Loss) on translation of foreign operation	-2000	9000
	Total Amount of items that will be reclassified to profit and loss	-2000	9000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-6756000	629000

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			344323000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			284084000
	Adjustments for decrease (increase) in inventories			-1395185000
	Adjustments for decrease (increase) in trade receivables, current			-175338000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			161417000
	Adjustments for decrease (increase) in other non-current assets			0
	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			964679000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-67967000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			373821000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			3273000
	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			27000
	Adjustments for interest income			16434000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			15928000
	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)			-32206000
	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)			116045000
	Net cash flows from (used in) operations			460368000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			43564000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			416804000
	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			433000
	Purchase of property, plant and equipment			562585000
	Proceeds from sales of investment property			2632000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			116000
	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			27000
	Interest received			16434000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-543175000
	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			430286000
	Repayments of borrowings			0
	Payments of lease liabilities			-4914000
	Dividends paid			18711000
	Interest paid			284084000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			132405000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			6034000
	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			6034000
	Cash and cash equivalents cash flow statement at beginning of period			7423000
	Cash and cash equivalents cash flow statement at end of period			13457000