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	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	Geographical
Description of single segment
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

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	10140848000	38845022000
	Other income	53104000	165341000
	Total income	10193952000	39010363000
2	Expenses
(a)	Cost of materials consumed	6150063000	24073766000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	161893000	-230144000
(d)	Employee benefit expense	1303897000	5293351000
(e)	Finance costs	146430000	566089000
(f)	Depreciation, depletion and amortisation expense	439247000	1706012000
(f)	Other Expenses
1	Other expenses	1486899000	5875510000
	Total other expenses	1486899000	5875510000
	Total expenses	9688429000	37284584000
3	Total profit before exceptional items and tax	505523000	1725779000
4	Exceptional items	50004000	120157000
5	Total profit before tax	555527000	1845936000
6	Tax expense
7	Current tax	129715000	509857000
8	Deferred tax	-304000	-80345000
9	Total tax expenses	129411000	429512000
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	426116000	1416424000
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	426116000	1416424000
17	Other comprehensive income net of taxes	18631000	6289000
18	Total Comprehensive Income for the period	444747000	1422713000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	426116000	1416424000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	444747000	1422713000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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		10791105000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.08	23.53
	Diluted earnings (loss) per share from continuing operations	7.08	23.53
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	7.08	23.53
	Diluted earnings (loss) per share from continuing and discontinued operations	7.08	23.53
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 consolidated 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 is also available on the Companys website at www.sandhargroup.com. The audited consolidated 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.Particulars of subsidiaries, step-down subsidiaries and joint ventures (including Subsidiary of a joint venture company) as on 31 March 2025: na)Subsidiaries and step-down subsidiaries - n(i)Sandhar Technologies Barcelona S.L. - subsidiary n(ii)Sandhar Ascast Private Limited (formerly known as Sandhar Tooling Private Limited) - subsidiary n(iii)Sandhar Auto Castings Private Limited - subsidiary n(iv)Sandhar Auto Electric Solutions Private Limited - subsidiary n(v)Sandhar Technologies Poland sp. Zoo - step-down subsidiary n(vi)Sandhar Technologies de Mexico S de RL de CV - step-down subsidiary n(vii)Sandhar Technologies Ro SRL - step-down subsidiary n(viii)Sandhar Engineering Private Limited- subsidiary n(ix)Sandhar Automotive Systems Private Limited – subsidiary n nb)Joint Ventures - n(i)Sandhar Han Sung Technologies Private Limited n(ii)Jinyoung Sandhar Mechatronics Private Limited n(iii)Sandhar Amkin Industries Private Limited n(iv)Sandhar Whetron Electronics Private Limited n(v)Kwangsung Sandhar Technologies Private Limited n(vi)Sandhar Han Shin Auto Technologies Private Limited n(vii)Winnercom Sandhar Technologies Private Limited n nc)Subsidiary of a joint venture company - n(i)Kwangsung Sandhar Automotive Systems Private Limited n n3.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. 231.70 lacs that was previously recognized during the earlier years. n n4.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 Nil has been recognised under Assets held for sale. n n5.Refer Annexure 1 to the Statement for disclosure with respect to segment revenue, segment results and segment assets and liabilities for the quarter and year ended 31 March 2025. n n6.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 n7.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 n8.The standalone results of the Company are available on the Companys website www.sandhargroup.com. The key standalone financial information of the Company is given below: n n nParticularstQuarter endedtYear ended nt31 March 2025t31 March 2025t31 March 2024 ntAudited n(refer note 6)tAuditedtAudited nRevenue from operationst 75,862.27 t 2,91,303.56 t 2,71,566.55 nProfit from operations after exceptional item and before taxt 5,318.57 t 18,614.28 t 15,432.03 nTax expenset 1,017.74 t 4,651.57 t 4,206.91 nNet profit after taxt 4,300.83 t 13,962.71 t 11,225.12 nOther comprehensive income or (loss), net of income taxt (14.35)t (115.07)t 159.24 nTotal comprehensive income for the period or yeart 4,286.48 t 13,847.64 t 11,384.36 n n nNote: Exceptional items includes profit from joint ventures also. n n For and on behalf of the Board of Directors of n Sandhar Technologies Limited n n nPlace : Gurugram JAYANT DAVAR nDate : 22 May 2025 Chairman, Managing Director and Chief Executive Officer 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	12880708000
	Capital work-in-progress	650418000
	Investment property
	Goodwill	55330000
	Other intangible assets	494957000
	Intangible assets under development	40387000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	553200000
	Non-current financial assets
	Non-current investments	42848000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	238978000
	Total non-current financial assets	281826000
	Deferred tax assets (net)	115550000
	Other non-current assets	1286389000
	Total non-current assets	16358765000
2	Current assets
	Inventories	4094854000
	Current financial asset
	Current investments	9536000
	Trade receivables, current	5573022000
	Cash and cash equivalents	810918000
	Bank balance other than cash and cash equivalents	2198000
	Loans, current	3445000
	Other current financial assets	101364000
	Total current financial assets	6500483000
	Current tax assets (net)	0
	Other current assets	675975000
	Total current assets	11271312000
3	Non-current assets classified as held for sale	269931000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	27900008000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	601907000
	Other equity	10791105000
	Total equity attributable to owners of parent	11393012000
	Non controlling interest	0
	Total equity	11393012000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	2722075000
	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	1096266000
	Total non-current financial liabilities	3818341000
	Provisions, non-current	22711000
	Deferred tax liabilities (net)	4800000
	Deferred government grants, Non-current	442710000
	Other non-current liabilities	0
	Total non-current liabilities	4288562000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5490211000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1179555000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4130459000
	Total Trade payable	5310014000
	Other current financial liabilities	641075000
	Total current financial liabilities	11441300000
	Other current liabilities	580924000
	Provisions, current	24887000
	Current tax liabilities (Net)	171323000
	Deferred government grants, Current	0
	Total current liabilities	12218434000
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	16506996000
	Total equity and liabilites	27900008000
	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	India	9013403000	34319497000
2	Overseas	1127445000	4525525000
	Total Segment Revenue	10140848000	38845022000
	Less: Inter segment revenue	0	0
	Revenue from operations	10140848000	38845022000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	India	669220000	2335499000
2	Overseas	32737000	76526000
	Total Profit before tax	701957000	2412025000
	i. Finance cost	146430000	146430000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	555527000	1845936000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	India	21187616000	21187616000
2	Overseas	6712392000	6712392000
	Total Segment Asset	27900008000	27900008000
	Un-allocable Assets	0	0
	Net Segment Asset	27900008000	27900008000
4	Segment Liabilities
	Segment Liabilities
1	India	10259109000	10259109000
2	Overseas	6247887000	6247887000
	Total Segment Liabilities	16506996000	16506996000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	16506996000	16506996000
	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 remeasurement of defined benefit obligation	-4150000	-17610000
	Total Amount of items that will not be reclassified to profit and loss	-4150000	-17610000
2	Income tax relating to items that will not be reclassified to profit or loss	-1006000	-4394000
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences in translating the financial statements of foreign operations	29034000	26007000
	Total Amount of items that will be reclassified to profit and loss	29034000	26007000
4	Income tax relating to items that will be reclassified to profit or loss	7259000	6502000
5	Total Other comprehensive income	18631000	6289000

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			1845936000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			566089000
	Adjustments for decrease (increase) in inventories			-725873000
	Adjustments for decrease (increase) in trade receivables, current			-1003673000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			10441000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-53983000
	Adjustments for other financial assets, current			-5518000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			407485000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			125620000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1706012000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-23170000
	Adjustments for provisions, current			-52292000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			337879000
	Adjustments for unrealised foreign exchange losses gains			-294000
	Adjustments for dividend income			0
	Adjustments for interest income			37037000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-2699000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-26495000
	Other adjustments to reconcile profit (loss)			5973000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-96987000
	Total adjustments for reconcile profit (loss)			1131478000
	Net cash flows from (used in) operations			2977414000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			507719000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2469695000
	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			106083000
	Purchase of property, plant and equipment			3161777000
	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			-114908000
	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			39130000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-2901656000
	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			3070539000
	Repayments of borrowings			1105104000
	Payments of lease liabilities			263318000
	Dividends paid			195620000
	Interest paid			499025000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			1007472000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			575511000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-96035000
	Net increase (decrease) in cash and cash equivalents			479476000
	Cash and cash equivalents cash flow statement at beginning of period			331442000
	Cash and cash equivalents cash flow statement at end of period			810918000