Integrated Filing — IndAS

General information about company
Scrip Code	502175
NSE Symbol	SAURASHCEM
MSEI Symbol	NA
ISIN	INE626A01014
Name of company	SAURASHTRA CEMENT 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	13-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	22-May-2025   17:00:00
End date and time of board meeting	22-May-2025   19:30:00
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	4780515000	15376239000
	Other income	43952000	171922000
	Total income	4824467000	15548161000
2	Expenses
(a)	Cost of materials consumed	717134000	2664333000
(b)	Purchases of stock-in-trade	29481000	89370000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	263467000	-57178000
(d)	Employee benefit expense	310714000	1198928000
(e)	Finance costs	21359000	136143000
(f)	Depreciation, depletion and amortisation expense	111047000	422785000
(f)	Other Expenses
1	Stores and Repairs	161032000	944812000
2	Freight and Forwarding	879625000	2954717000
3	Power and Fuel	1427329000	5506478000
4	Others	464428000	1636789000
	Total other expenses	2932414000	11042796000
	Total expenses	4385616000	15497177000
3	Total profit before exceptional items and tax	438851000	50984000
4	Exceptional items	89754000	89754000
5	Total profit before tax	528605000	140738000
6	Tax expense
7	Current tax	25588000	38662000
8	Deferred tax	173914000	32251000
9	Total tax expenses	199502000	70913000
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	329103000	69825000
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	329103000	69825000
17	Other comprehensive income net of taxes	0	-3347000
18	Total Comprehensive Income for the period	329103000	66478000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	329103000	69825000
	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	329103000	66478000
	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	1112370000	1112370000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		8361529000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.96	0.63
	Diluted earnings (loss) per share from continuing operations	2.96	0.63
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	2.96	0.63
	Diluted earnings (loss) per share from continuing and discontinued operations	2.96	0.63
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1The above Audited Financial Results for the quarter and year ended March 31 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 22 2025 n2 Consolidated Financial Results include results of Agrima Consultants International Limited a wholly owned subsidiary n3 The Company operates in two reportable segment ie manufacture of i cement and clinker and ii paints as per Ind AS 108 Operating Segment n4 The Company has allotted 112805 Equity Shares of Rs 10 each during the quarter ended March 31 2025 under Saurashtra Employee Stock Option Scheme 2017 n5 During transition to Ind AS in the year 201718 the Company opted to fair value its freehold land as deemed cost under Ind AS 101 The impact of an increase of Rs 37077point93 lakhs in land value and Deferred Tax Liability DTL of Rs 8396point64 lakhs thereon was recognised in retained earnings as at the transition date ie, April 1 2016 nThe DTL was reversed annually on account of indexation benefits An amount of Rs 7782point59 Lakhs was outstanding as at March 31 2024 Following the Finance No 2 Act 2024 which amended the tax rate on gain arising from transfer of longterm capital assets and removed indexation benefits the DTL is remeasured to Rs 5398point55 lakhs as at March 31 2025 The resulting excess amount of DTL of Rs 2384point04 lakhs is reversed and credited to retained earnings n6 The figures for the quarter ended March 31 as reported in these financial results are balancing figures between the audited figures in respect of the Financial Year and year to date figures upto the end of the third quarter of the Financial Year

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	9031220000
	Capital work-in-progress	301783000
	Investment property	0
	Goodwill	22247000
	Other intangible assets	261775000
	Intangible assets under development	5733000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	183000
	Trade receivables, non-current	0
	Loans, non-current	983000
	Other non-current financial assets	105436000
	Total non-current financial assets	106602000
	Deferred tax assets (net)	0
	Other non-current assets	235551000
	Total non-current assets	9964911000
2	Current assets
	Inventories	2513250000
	Current financial asset
	Current investments	0
	Trade receivables, current	1007371000
	Cash and cash equivalents	603926000
	Bank balance other than cash and cash equivalents	1753236000
	Loans, current	1785000
	Other current financial assets	24137000
	Total current financial assets	3390455000
	Current tax assets (net)	11374000
	Other current assets	148286000
	Total current assets	6063365000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	16028276000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1112370000
	Other equity	8361529000
	Total equity attributable to owners of parent	9473899000
	Non controlling interest
	Total equity	9473899000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	329180000
	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	7327000
	Total non-current financial liabilities	336507000
	Provisions, non-current	288476000
	Deferred tax liabilities (net)	701291000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1326274000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1015826000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	188702000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1820821000
	Total Trade payable	2009523000
	Other current financial liabilities	577117000
	Total current financial liabilities	3602466000
	Other current liabilities	1572145000
	Provisions, current	53492000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	5228103000
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	6554377000
	Total equity and liabilites	16028276000
	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	Cement and Clinker	4600190000	14695400000
2	Paints	180325000	680839000
3	Others-Subsidiary Company	0	0
	Total Segment Revenue	4780515000	15376239000
	Less: Inter segment revenue
	Revenue from operations	4780515000	15376239000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Cement and Clinker	622694000	549839000
2	Paints	-70943000	-269605000
3	Others-Subsidiary Company	-1787000	-3353000
	Total Profit before tax	549964000	276881000
	i. Finance cost	21359000	21359000
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	528605000	140738000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Cement and Clinker	15107637000	15107637000
2	Paints	912536000	912536000
3	Others-Subsidiary Company	8103000	8103000
	Total Segment Asset	16028276000	16028276000
	Un-allocable Assets	0	0
	Net Segment Asset	16028276000	16028276000
4	Segment Liabilities
	Segment Liabilities
1	Cement and Clinker	6244785000	6244785000
2	Paints	309546000	309546000
3	Others-Subsidiary Company	46000	46000
	Total Segment Liabilities	6554377000	6554377000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	6554377000	6554377000
	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	Remeasurement of defined benefit plan	2000	-5144000
2	Effect of measuring equity instrument on fair value	-1000	0
	Total Amount of items that will not be reclassified to profit and loss	1000	-5144000
2	Income tax relating to items that will not be reclassified to profit or loss	1000	-1797000
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	0	-3347000

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			140738000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			136143000
	Adjustments for decrease (increase) in inventories			112960000
	Adjustments for decrease (increase) in trade receivables, current			-133447000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-2091000
	Adjustments for decrease (increase) in other non-current assets			-15787000
	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			-1241000
	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			422785000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-25402000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-16686000
	Adjustments for dividend income			9000
	Adjustments for interest income			120674000
	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			7800000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-99067000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			265284000
	Net cash flows from (used in) operations			406022000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			103723000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			302299000
	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			21049000
	Purchase of property, plant and equipment			863366000
	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			9000
	Interest received			128711000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			661118000
	Net cash flows from (used in) investing activities	-52479000
	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			2545000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			552442000
	Repayments of borrowings			48074000
	Payments of lease liabilities			4929000
	Dividends paid			110983000
	Interest paid			123145000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			267856000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			517676000
	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			517676000
	Cash and cash equivalents cash flow statement at beginning of period			86250000
	Cash and cash equivalents cash flow statement at end of period			603926000