Integrated Filing — IndAS

General information about company
Scrip Code	541163
NSE Symbol	SANDHAR
MSEI Symbol	NOTLISTED
ISIN	INE278H01035
Name of company	SANDHAR TECHNOLOGIES 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	28-Apr-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	The Company is engaged in the business of manufacturing and assembling of automotive components
Start date and time of board meeting	22-May-2025   11:30:00
End date and time of board meeting	22-May-2025   14:25:00
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	2025-02-12
Indicate Company website link for updated RPT policy of the Company	https://sandhargroup.com/uploads/Investor/policy-for-determination-of-materiality-of-and-dealing-with-related-party-transactions.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
NA

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	7586227000	29130356000
	Other income	64826000	232443000
	Total income	7651053000	29362799000
2	Expenses
(a)	Cost of materials consumed	4952851000	19628014000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	79031000	-164508000
(d)	Employee benefit expense	865424000	3377713000
(e)	Finance costs	58184000	204886000
(f)	Depreciation, depletion and amortisation expense	251044000	968619000
(f)	Other Expenses
1	Other expenses	943095000	3517080000
	Total other expenses	943095000	3517080000
	Total expenses	7149629000	27531804000
3	Total profit before exceptional items and tax	501424000	1830995000
4	Exceptional items	30433000	30433000
5	Total profit before tax	531857000	1861428000
6	Tax expense
7	Current tax	113291000	487786000
8	Deferred tax	-11517000	-22629000
9	Total tax expenses	101774000	465157000
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	430083000	1396271000
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	430083000	1396271000
17	Other comprehensive income net of taxes	-1435000	-11507000
18	Total Comprehensive Income for the period	428648000	1384764000
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	601907000	601907000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		10863624000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.15	23.2
	Diluted earnings (loss) per share from continuing operations	7.15	23.2
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	7.15	23.2
	Diluted earnings (loss) per share from continuing and discontinued operations	7.15	23.2
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes : n n1.The above statement of audited standalone financial results (the Statement) for the quarter and year ended 31 March 2025, has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 22 May 2025. The same along with the report of the Statutory auditor has been filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and also available on the Companys website at www.sandhargroup.com. The audited standalone financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. n n2.(i)During the year ended 31 March 2025, the Company conducted an impairment review of its investment in equity shares of Sandhar Whetron Electronics Private Limited. Based on the updated assessment, the recoverable amount of the investment, determined using the value-in-use method, exceeded its carrying amount. As a result, the Company has reversed the impairment loss of Rs. 304.33 lacs that was previously recognized during the earlier years. n n(ii)During the year ended 31 March 2024, the Company had performed an impairment assessment of its investment in equity shares of Jinyoung Sandhar Mechatronics Private Limited (joint venture). Based on managements assessment, the recoverable amount of this investment was lower than the carrying amount, accordingly an impairment charge of Rs. 555.95 lacs was recognized as an exceptional item during the year ended 31 March 2024. n n3.During the year ended 31 March 2025, the Company entered into share purchase agreement on 27 March 2025 for the sale of its entire 50% stake (dis-investment) in the Joint Venture namely, Jinyoung Sandhar Mechatronics Private Limited. The Company completed the sale transaction and received an amount of Rs 668.44 lacs on 15 April 2025 and accordingly, the carrying value of Company's investment of Rs 670.57 lacs (Rs 1,336.88 lacs less impairment allowance of Rs 666.31 lacs) has been recognised under Assets held for sale. n n4.The Company is engaged in the business of manufacturing of automotive components. There is no separate reportable business segment as per Ind AS 108 Operating Segments. n n5.The Board of Directors at its Meeting held on 22 May 2025, has recommended a final dividend 35% i.e. Rs. 3.5 per equity share. The dates of the book closure for the entitlement of such final dividend and Annual General Meeting shall be decided and informed in due course of time. n n6.The figures for the quarter ended 31 March 2025 and the corresponding quarter ended in the previous year as reported in the Statement, are the balancing figures between the audited figures in respect of the full financial year and the unaudited published figures up to the third quarter ended 31 December of respective years, which have been reviewed by the statutory auditors. n n n n For and on behalf of the Board of Directors of n Sandhar Technologies Limited n n n nPlace : Gurugram JAYANT DAVAR nDate : 22 May 2025 Chairman, Managing Director and Chief Executive Officer n n

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	6671708000
	Capital work-in-progress	394873000
	Investment property
	Goodwill	55235000
	Other intangible assets	201475000
	Intangible assets under development	35887000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	2785801000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	168537000
	Total non-current financial assets	2954338000
	Deferred tax assets (net)
	Other non-current assets	78832000
	Total non-current assets	10392348000
2	Current assets
	Inventories	2178521000
	Current financial asset
	Current investments	0
	Trade receivables, current	4679883000
	Cash and cash equivalents	306153000
	Bank balance other than cash and cash equivalents	272000
	Loans, current	280945000
	Other current financial assets	54284000
	Total current financial assets	5321537000
	Current tax assets (net)
	Other current assets	352953000
	Total current assets	7853011000
3	Non-current assets classified as held for sale	336988000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	18582347000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	601907000
	Other equity	10863624000
	Total equity attributable to owners of parent	11465531000
	Non controlling interest
	Total equity	11465531000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	534375000
	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	368064000
	Total non-current financial liabilities	902439000
	Provisions, non-current	0
	Deferred tax liabilities (net)	4800000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	907239000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2012984000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	973171000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2302339000
	Total Trade payable	3275510000
	Other current financial liabilities	377675000
	Total current financial liabilities	5666169000
	Other current liabilities	378972000
	Provisions, current	153208000
	Current tax liabilities (Net)	11228000
	Deferred government grants, Current	0
	Total current liabilities	6209577000
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	7116816000
	Total equity and liabilites	18582347000
	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	Gain/ (loss) on remeasurement of defined benefit obligation	-1918000	-15378000
	Total Amount of items that will not be reclassified to profit and loss	-1918000	-15378000
2	Income tax relating to items that will not be reclassified to profit or loss	-483000	-3871000
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
5	Total Other comprehensive income	-1435000	-11507000

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			1861428000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			204886000
	Adjustments for decrease (increase) in inventories			-394710000
	Adjustments for decrease (increase) in trade receivables, current			-657185000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-122538000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			262500000
	Adjustments for other financial assets, current			-250206000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-65827000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			187530000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			968619000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-30433000
	Adjustments for provisions, current			-90018000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			312423000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-294000
	Adjustments for dividend income			0
	Adjustments for interest income			73506000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-3162000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-62800000
	Other adjustments to reconcile profit (loss)			1623000
	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)			186902000
	Net cash flows from (used in) operations			2048330000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			468702000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1579628000
	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			360000000
	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			92279000
	Purchase of property, plant and equipment			1401050000
	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			75496000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			16892000
	Net cash flows from (used in) investing activities	-1576383000
	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			1058824000
	Repayments of borrowings			281250000
	Payments of lease liabilities			109732000
	Dividends paid			195620000
	Interest paid			172328000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			299894000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			303139000
	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			303139000
	Cash and cash equivalents cash flow statement at beginning of period			3014000
	Cash and cash equivalents cash flow statement at end of period			306153000