Integrated Filing — IndAS

General information about company
Scrip Code	511076
NSE Symbol	SATINDLTD
MSEI Symbol	NOTLISTED
ISIN	INE065D01027
Name of company	SAT INDUSTRIES 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	24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	19-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	24-May-2025   11:00:00
End date and time of board meeting	24-May-2025   13:34:00
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	1608332000	5785377000
	Other income	57578000	275498000
	Total income	1665910000	6060875000
2	Expenses
(a)	Cost of materials consumed	788833000	3209364000
(b)	Purchases of stock-in-trade	133170000	181999000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	46673000	-68469000
(d)	Employee benefit expense	155528000	567818000
(e)	Finance costs	11478000	55831000
(f)	Depreciation, depletion and amortisation expense	51967000	152732000
(f)	Other Expenses
1	Other expenses	210347000	870628000
	Total other expenses	210347000	870628000
	Total expenses	1397996000	4969903000
3	Total profit before exceptional items and tax	267914000	1090972000
4	Exceptional items	0	-1281000
5	Total profit before tax	267914000	1089691000
6	Tax expense
7	Current tax	82876000	282372000
8	Deferred tax	0	0
9	Total tax expenses	82876000	282372000
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	185038000	807319000
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	185038000	807319000
17	Other comprehensive income net of taxes	8395000	21837000
18	Total Comprehensive Income for the period	193433000	829156000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	111084000	531200000
	Total profit or loss, attributable to non-controlling interests	73954000	73954000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	119479000	553037000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	73954000	276119000
21	Details of equity share capital
	Paid-up equity share capital	226170000	226170000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		8004391000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.64	7.14
	Diluted earnings (loss) per share from continuing operations	1.64	7.14
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	1.64	7.14
	Diluted earnings (loss) per share from continuing and discontinued operations	1.64	7.14
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Figures of the quarter ended 31st March 2025 and 31st March 2024 are the balancing figures between audited figures in respect of the relevant full financial year and published year to date figures up to third quarter of relevant financial year. nNotes : n1.The above results have been reviewed by the Audit Committee on 23 May 2025 and approved by the Board of Directors at its meeting held on May 24 2025.The same have also been subjected to Limited Review by the Statutory Auditors and the Report does not have any impact on the above Results and Notes for the quarter and year ended March 31 2025 which needs to be explained. n2. Segment information as per Ind AS 108 Operating Segments is disclosed in Annexure 1. n3. There is no exceptional item of income and expenses. n4. Name of the Company has been changed to Aeroflex Enterprises Limited with effect from May 13 2025. n5. During the year under results review the Company acquired 51% equity stake in M R Organisation Limited engaged in the business of engineering services . Consequent upon this MRO became a material subsidiary of the Company with effect from July 29 2024 and the Company's material subsidiary viz Aeroflex Industries Limited acquired 100 percent holding in Hyd Air Engineering Private Limited, engaged in the business flexible flow solution, consequently the latter became an wholly owned subsidiary of the former with effect from April 2,2024. n6. In view of acquisitions and changes in the Company shareholding in some of the subsidiaries, the consolidated results for the current period are not strictly comparable with those of the previous period since these include the financials of the acquisitions mentioned in note 5 above. n n8. These consolidated financial results are available on the Companys website viz, www.satgroup.in and on the websites of BSE Limited www.bseindia.com and National Stock Exchange Limited www.nseindia.com n 9. Figures for the previous year and periods have been re-grouped and re-classified to conform to the figures of the current periods. n10. This statement is as per Regulation 33 of the SEBl Listing Obligations and Disclosure Requirements Regulations, 2015. n11. Aeroflex Industries Limited, a subsidiary , launched a new product Metal Bellows with an annual production capacity of 1,20,000 pieces. n nFor point 7 and 12 to 14 refer the PDF as uploaded on the Stock Exchanges

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	2302965000
	Capital work-in-progress	98422000
	Investment property	0
	Goodwill	377977000
	Other intangible assets	11166000
	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	216589000
	Trade receivables, non-current	0
	Loans, non-current	461605000
	Other non-current financial assets	73491000
	Total non-current financial assets	751685000
	Deferred tax assets (net)	0
	Other non-current assets	34817000
	Total non-current assets	3577032000
2	Current assets
	Inventories	1307848000
	Current financial asset
	Current investments	0
	Trade receivables, current	1898465000
	Cash and cash equivalents	438663000
	Bank balance other than cash and cash equivalents	1487583000
	Loans, current	436950000
	Other current financial assets	23142000
	Total current financial assets	4284803000
	Current tax assets (net)	1874000
	Other current assets	579462000
	Total current assets	6173987000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	9751019000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	226170000
	Other equity	6781049000
	Total equity attributable to owners of parent	7007219000
	Non controlling interest	1223342000
	Total equity	8230561000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	46181000
	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	151046000
	Total non-current financial liabilities	197227000
	Provisions, non-current	3511000
	Deferred tax liabilities (net)	36562000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	237300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	243553000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	92338000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	617881000
	Total Trade payable	710219000
	Other current financial liabilities	7347000
	Total current financial liabilities	961119000
	Other current liabilities	236572000
	Provisions, current	11632000
	Current tax liabilities (Net)	73835000
	Deferred government grants, Current	0
	Total current liabilities	1283158000
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	1520458000
	Total equity and liabilites	9751019000
	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	Trading	20484000	55395000
2	Manufacturing of Flexible Packaging	316243000	1227440000
3	Manufacturing of Flexible Flow Solution	1023026000	3842061000
4	Manufacturing of Engineering Services	226280000	564305000
5	Financing	22299000	96176000
6	Other Income	57578000	275498000
7	Exceptional Item	0	0
	Total Segment Revenue	1665910000	6060875000
	Less: Inter segment revenue	0	0
	Revenue from operations	1665910000	6060875000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Trading	35674000	35623000
2	Manufacturing of Flexible Packaging	-12049000	-19870000
3	Manufacturing of Flexible Flow Solution	174976000	646350000
4	Manufacturing of Engineering Services	9117000	148673000
5	Financing	2618000	4698000
6	Other Income	57578000	275498000
7	Exceptional Item	0	-1281000
	Total Profit before tax	267914000	1089691000
	i. Finance cost	0	0
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	267914000	1089691000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Trading	0	0
2	Manufacturing of Flexible Packaging	1230605000	1230605000
3	Manufacturing of Flexible Flow Solution	4708677000	4708677000
4	Manufacturing of Engineering Services	706982000	706982000
5	Financing	3104833000	3104833000
6	Other Income	0	0
7	Exceptional Item	0	0
	Total Segment Asset	9751097000	9751097000
	Un-allocable Assets	0	0
	Net Segment Asset	9751097000	9751097000
4	Segment Liabilities
	Segment Liabilities
1	Trading	0	0
2	Manufacturing of Flexible Packaging	375283000	375283000
3	Manufacturing of Flexible Flow Solution	841350000	841350000
4	Manufacturing of Engineering Services	200430000	200430000
5	Financing	103452000	103452000
6	Other Income	0	0
7	Exceptional Item	0	0
	Total Segment Liabilities	1520515000	1520515000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	1520515000	1520515000
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	*After elimination of intra-group/segment transactions. n1. Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current period.

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	Equity instruments through comprehensive income	-2063000	513000
2	Re-measurement gains (losses) on Actuarial Valuation of Gratuity	-197000	178000
3	Income Tax effect	0	-95000
	Total Amount of items that will not be reclassified to profit and loss	-2260000	596000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
1	Exchange difference in translating the financial instatement of foreign operations	10655000	21241000
	Total Amount of items that will be reclassified to profit and loss	10655000	21241000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	8395000	21837000

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			1089691000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			53488000
	Adjustments for decrease (increase) in inventories			-159741000
	Adjustments for decrease (increase) in trade receivables, current			-313428000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-44185000
	Adjustments for decrease (increase) in other non-current assets			34581000
	Adjustments for other financial assets, non-current			-36346000
	Adjustments for other financial assets, current			-1875000
	Adjustments for other bank balances			1026414000
	Adjustments for increase (decrease) in trade payables, current			14629000
	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			152732000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-86273000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			79980000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-5328000
	Adjustments for dividend income			0
	Adjustments for interest income			154171000
	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			-30556000
	Other adjustments to reconcile profit (loss)			17074000
	Other adjustments for non-cash items			23897000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			570892000
	Net cash flows from (used in) operations			1660583000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			264088000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1396495000
	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			67417000
	Purchase of property, plant and equipment			1036556000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			7696000
	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			24161000
	Purchase of other long-term assets			27041000
	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			154171000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-825544000
	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			13332000
	Repayments of borrowings			352816000
	Payments of lease liabilities			0
	Dividends paid			27617000
	Interest paid			53488000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-568279000
	Net cash flows from (used in) financing activities			-988868000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-417917000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-22154000
	Net increase (decrease) in cash and cash equivalents			-440071000
	Cash and cash equivalents cash flow statement at beginning of period			857988000
	Cash and cash equivalents cash flow statement at end of period			417917000