Integrated Filing — IndAS

General information about company
Scrip Code	517300
NSE Symbol	GIPCL
MSEI Symbol	NOTLISTED
ISIN	INE162A01010
Name of company	GUJARAT INDUSTRIES POWER COMPANY 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	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-May-2025
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	Power
Start date and time of board meeting	22-May-2025   12:00:00
End date and time of board meeting	22-May-2025   15:10:00
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
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	2024-05-18
Indicate Company website link for updated RPT policy of the Company	https://www.gipcl.com/webfiles/resources/17122024011243RPT-Policy.pdf
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
Not applicable

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	3382456000	12562572000
	Other income	154191000	688262000
	Total income	3536647000	13250834000
2	Expenses
(a)	Cost of materials consumed	1408831000	5305265000
(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	322562000	1183654000
(e)	Finance costs	70779000	319347000
(f)	Depreciation, depletion and amortisation expense	421095000	1700802000
(f)	Other Expenses
1	Generation Expenses	341047000	1609291000
2	Other Expenses	117189000	403023000
	Total other expenses	458236000	2012314000
	Total expenses	2681503000	10521382000
3	Total profit before exceptional items and tax	855144000	2729452000
4	Exceptional items	0	0
5	Total profit before tax	855144000	2729452000
6	Tax expense
7	Current tax	153291000	469820000
8	Deferred tax	4565000	145291000
9	Total tax expenses	157856000	615111000
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	697288000	2114341000
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	697288000	2114341000
17	Other comprehensive income net of taxes	-257803000	-233196000
18	Total Comprehensive Income for the period	439485000	1881145000
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	1512512000	1512512000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		33685872000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.6	13.97
	Diluted earnings (loss) per share from continuing operations	4.6	13.97
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	4.6	13.97
	Diluted earnings (loss) per share from continuing and discontinued operations	4.6	13.97
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes to the Financial Results: n1. The above Audited Financial Results have been reviewed and recommended by the Audit Committee in its meeting held on 21st May 2025 and subsequently approved by the Board of Directors in its meeting held on 22nd May 2025. n2. Figures of the quarter ended 31st March 2025 and 31st March 2024 are the balancing figures between audited figures in respect of full financial year and the published yea r to date figures up to the third quarter ended 31st December 2024 and 31st December 2023 respectively which were subject to limited review by Statutory Auditors. n3. The Statutory Auditors have carried out an audit of the financial results for the year ended 31st March 2025 and have issued an unmodified opinion on the same. n4. The Company has only one reportable business segment namely Power Generation n5. The Board of Directors have recommended payment of Dividend of Rs. 4.09 per Equity Share i.e. 40.90 percent for the year ended on 31st March 2025. n6. The Company has no subsidiary/associate/joint venture companyies, as on 31st March 2025. n7. The Company has designated an exclusive e-mail ID for investor grievance redressal.

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	25270586000
	Capital work-in-progress	32663483000
	Investment property	0
	Goodwill	0
	Other intangible assets	3025935000
	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	1057153000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	3010248000
	Total non-current financial assets	4067401000
	Deferred tax assets (net)	0
	Other non-current assets	1064860000
	Total non-current assets	66092265000
2	Current assets
	Inventories	2309175000
	Current financial asset
	Current investments	0
	Trade receivables, current	2000842000
	Cash and cash equivalents	4674559000
	Bank balance other than cash and cash equivalents	15480000
	Loans, current	0
	Other current financial assets	249635000
	Total current financial assets	6940516000
	Current tax assets (net)	5915000
	Other current assets	308813000
	Total current assets	9564419000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	75656684000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1552160000
	Other equity	33685872000
	Total equity attributable to owners of parent	35238032000
	Non controlling interest
	Total equity	35238032000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	17334619000
	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	8917083000
	Total non-current financial liabilities	26251702000
	Provisions, non-current	2922463000
	Deferred tax liabilities (net)	3445606000
	Deferred government grants, Non-current	2829128000
	Other non-current liabilities	1387365000
	Total non-current liabilities	36836264000
	Current liabilities
	Current financial liabilities
	Borrowings, current	821639000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	30566000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	831335000
	Total Trade payable	861901000
	Other current financial liabilities	1483549000
	Total current financial liabilities	3167089000
	Other current liabilities	218832000
	Provisions, current	196467000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	3582388000
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	40418652000
	Total equity and liabilites	75656684000
	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		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	Remeasurement of Defined Benefit Obligations	22216000	-39986000
2	Equity instruments through OCI	-277058000	-214824000
	Total Amount of items that will not be reclassified to profit and loss	-254842000	-254810000
2	Income tax relating to items that will not be reclassified to profit or loss	2961000	-21614000
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	-257803000	-233196000

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			2729452000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			-74179000
	Adjustments for decrease (increase) in trade receivables, current			886324000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-94053000
	Adjustments for decrease (increase) in other non-current assets			-25752000
	Adjustments for other financial assets, non-current			25176000
	Adjustments for other financial assets, current			-45123000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-9045000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			141730000
	Adjustments for increase (decrease) in other non-current liabilities			1373582000
	Adjustments for depreciation and amortisation expense			1731578000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-34732000
	Adjustments for provisions, non-current			-310935000
	Adjustments for other financial liabilities, current			60096000
	Adjustments for other financial liabilities, non-current			5688029000
	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			-64920000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			9247776000
	Net cash flows from (used in) operations			11977228000
	Dividends received			-18298000
	Interest paid			-304474000
	Interest received			-520096000
	Income taxes paid (refund)			477893000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			11265415000
	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			36000000
	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			53820000
	Purchase of property, plant and equipment			27063036000
	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			18298000
	Interest received			530980000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-155974000
	Net cash flows from (used in) investing activities	-26651912000
	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			900000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			794000
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			14894000000
	Repayments of borrowings			752726000
	Payments of lease liabilities			92922000
	Dividends paid			597442000
	Interest paid			303559000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-74159000
	Net cash flows from (used in) financing activities			13972398000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1414099000
	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			-1414099000
	Cash and cash equivalents cash flow statement at beginning of period			6088658000
	Cash and cash equivalents cash flow statement at end of period			4674559000