Integrated Filing — IndAS

General information about company
Scrip Code	517380
NSE Symbol	IGARASHI
MSEI Symbol	NOTLISTED
ISIN	INE188B01013
Name of company	IGARASHI MOTORS 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	22-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	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	Multi segment
Description of single segment
Start date and time of board meeting	22-May-2025   12:30:00
End date and time of board meeting	22-May-2025   14:32:00
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	2023-01-10
Indicate Company website link for updated RPT policy of the Company	https://www.igarashimotors.com/uploads/investor/pdf/16734403187IMIL-Related_Party_Transaction_Policy_v4-10012023.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 during the quarter ended March 31, 2025.

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	1894734000	8384211000
	Other income	3108000	23856000
	Total income	1897842000	8408067000
2	Expenses
(a)	Cost of materials consumed	1193417000	5447907000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-10420000	-33506000
(d)	Employee benefit expense	199252000	752313000
(e)	Finance costs	26286000	133867000
(f)	Depreciation, depletion and amortisation expense	133882000	515396000
(f)	Other Expenses
1	Other expenses	315430000	1267031000
	Total other expenses	315430000	1267031000
	Total expenses	1857847000	8083008000
3	Total profit before exceptional items and tax	39995000	325059000
4	Exceptional items	0	0
5	Total profit before tax	39995000	325059000
6	Tax expense
7	Current tax	15877000	91325000
8	Deferred tax	-6496000	-7949000
9	Total tax expenses	9381000	83376000
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	30614000	241683000
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	30614000	241683000
17	Other comprehensive income net of taxes	-19894000	-24570000
18	Total Comprehensive Income for the period	10720000	217113000
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	314750000	314750000
	Face value of equity share capital	10	10
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	0.97	7.68
	Diluted earnings (loss) per share from continuing operations	0.97	7.68
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	0.97	7.68
	Diluted earnings (loss) per share from continuing and discontinued operations	0.97	7.68
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes to the audited Financial Results for the quarter and year ended 31 March 2025: n na) The audited financial results for the quarter and year ended 31 March 2025 has been reviewed by the Audit Committee at its meeting held on 22 May 2025 and approved at the meeting of the Board of Directors held on that date. The above results have been subjected to audit by the Statutory auditors of the Company. The nreport of the statutory auditor is unqualified. n nThe figures for the quarter ended 31 March 2025 and 31 March 2024 are the balancing figures between audited figures in respect of the full financial years and the published unaudited year to date figures upto the end of the third quarter of the relevant financial year, which were subjected to limited review and were not subjected to audit. n nb) These financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards ('Ind AS') 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. n nc) In accordance with Ind AS 108 - Operating Segments, the Company has organized the business into two categories viz, manufacrure of components for 'Automotive' and 'Non-Automotive'. Accordingly, the Company has reported its segmental results for these categories. n nd) The Company does not have any subsidiary/associate/joint venrure company(ies) as on 31 March 2025. n ne) On 22 May 2025, the Board of Directors have recommended a final dividend of Rs.2.50/- per share for the financial year ended 31 Ma h 2025, subject to the approval of the shareholders in the ensuing Annual General Meeting n n nf) The results are available on the Bombay Stock Exchange website (www.bseindia.com), the National Stock Exchange website (www.nseindia.com) and on the Company's website (www.igarashimotors.com).

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	3685781000
	Capital work-in-progress	570175000
	Investment property
	Goodwill	0
	Other intangible assets	90533000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	6029000
	Trade receivables, non-current
	Loans, non-current	8138000
	Other non-current financial assets	44334000
	Total non-current financial assets	58501000
	Deferred tax assets (net)	38654000
	Other non-current assets	34047000
	Total non-current assets	4477691000
2	Current assets
	Inventories	1108685000
	Current financial asset
	Current investments	166836000
	Trade receivables, current	1734925000
	Cash and cash equivalents	28977000
	Bank balance other than cash and cash equivalents	2713000
	Loans, current	1789000
	Other current financial assets	13878000
	Total current financial assets	1949118000
	Current tax assets (net)
	Other current assets	214618000
	Total current assets	3272421000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	7750112000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	314750000
	Other equity	4340762000
	Total equity attributable to owners of parent	4655512000
	Non controlling interest
	Total equity	4655512000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	100000000
	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	156806000
	Total non-current financial liabilities	256806000
	Provisions, non-current	0
	Deferred tax liabilities (net)	189995000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	446801000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1192877000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	101312000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	998053000
	Total Trade payable	1099365000
	Other current financial liabilities	103315000
	Total current financial liabilities	2395557000
	Other current liabilities	156668000
	Provisions, current	95574000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	2647799000
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	3094600000
	Total equity and liabilites	7750112000
	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)
1	Automotive	1618509000	6961154000
2	Non-automotive	276223000	1423057000
	Total Segment Revenue	1894732000	8384211000
	Less: Inter segment revenue
	Revenue from operations	1894732000	8384211000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Automotive	251900000	1063695000
2	Non-automotive	-3715000	4730000
	Total Profit before tax	248185000	1068425000
	i. Finance cost	26286000	26286000
	ii. Other Unallocable Expenditure net off Unallocable income	181904000	181904000
	Profit before tax	39995000	325059000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Automotive	6005467000	6005467000
2	Non-automotive	1283384000	1283384000
	Total Segment Asset	7288851000	7288851000
	Un-allocable Assets	461261000	461261000
	Net Segment Asset	7750112000	7750112000
4	Segment Liabilities
	Segment Liabilities
1	Automotive	1314415000	1314415000
2	Non-automotive	164146000	164146000
	Total Segment Liabilities	1478561000	1478561000
	Un-allocable Liabilities	1616039000	1616039000
	Net Segment Liabilities	3094600000	3094600000
	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	Remeasurements of defined benefit liability	-29594000	-28805000
	Total Amount of items that will not be reclassified to profit and loss	-29594000	-28805000
2	Income tax relating to items that will not be reclassified to profit or loss	-7448000	-7250000
3	Amount of items that will be reclassified to profit and loss
1	Effective portion of gains / (losses) on hedging instruments in cash flow hedges	3009000	-4029000
	Total Amount of items that will be reclassified to profit and loss	3009000	-4029000
4	Income tax relating to items that will be reclassified to profit or loss	757000	-1014000
5	Total Other comprehensive income	-19894000	-24570000

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			325059000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			133867000
	Adjustments for decrease (increase) in inventories			23362000
	Adjustments for decrease (increase) in trade receivables, current			327928000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-20121000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			18233000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-296889000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			515396000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			27196000
	Adjustments for provisions, non-current			-1610000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			6399000
	Adjustments for dividend income			0
	Adjustments for interest income			2615000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-12030000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-761000
	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)			718355000
	Net cash flows from (used in) operations			1043414000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			105223000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			938191000
	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			50000000
	Other cash payments to acquire equity or debt instruments of other entities			52278000
	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			761000
	Purchase of property, plant and equipment			899031000
	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			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-900548000
	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			3381396000
	Repayments of borrowings			3217532000
	Payments of lease liabilities			76273000
	Dividends paid			31475000
	Interest paid			106764000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-50648000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-13005000
	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			-13005000
	Cash and cash equivalents cash flow statement at beginning of period			41982000
	Cash and cash equivalents cash flow statement at end of period			28977000