Integrated Filing — IndAS

General information about company
Scrip Code	542905
NSE Symbol	HINDWAREAP
MSEI Symbol	NOTLISTED
ISIN	INE05AN01011
Name of company	Hindware Home Innovation 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	16-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   13:45:00
End date and time of board meeting	24-May-2025   16:30:00
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	6990200000	25229900000
	Other income	102900000	405300000
	Total income	7093100000	25635200000
2	Expenses
(a)	Cost of materials consumed	1817800000	7044500000
(b)	Purchases of stock-in-trade	1661800000	6877300000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	685300000	178800000
(d)	Employee benefit expense	1025000000	4264800000
(e)	Finance costs	191000000	891400000
(f)	Depreciation, depletion and amortisation expense	303600000	1225300000
(f)	Other Expenses
1	Power and Fuel	196500000	851400000
2	Other Expenses	1194900000	4582900000
	Total other expenses	1391400000	5434300000
	Total expenses	7075900000	25916400000
3	Total profit before exceptional items and tax	17200000	-281200000
4	Exceptional items	-296000000	-296000000
5	Total profit before tax	-278800000	-577200000
6	Tax expense
7	Current tax	14300000	97400000
8	Deferred tax	-8500000	-165800000
9	Total tax expenses	5800000	-68400000
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	-284600000	-508800000
12	Profit (loss) from discontinued operations before tax	46400000	10800000
13	Tax expense of discontinued operations	15500000	3200000
14	Net profit (loss) from discontinued operation after tax	30900000	7600000
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-54500000	-178900000
16	Total profit (loss) for period	-308200000	-680100000
17	Other comprehensive income net of taxes	13200000	12600000
18	Total Comprehensive Income for the period	-295000000	-667500000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	-309500000	682900000
	Total profit or loss, attributable to non-controlling interests	1300000	1300000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	13100000	12500000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	100000	100000
21	Details of equity share capital
	Paid-up equity share capital	167300000	167300000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		7603400000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-4.07	-8.88
	Diluted earnings (loss) per share from continuing operations	-4.07	-8.88
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0.37	0.1
	Diluted earnings (loss) per share from discontinued operations	0.37	0.1
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-3.7	-8.78
	Diluted earnings (loss) per share from continuing and discontinued operations	-3.7	-8.78
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above audited consolidated and standalone financial results of the Company for the quarter and year ended 31st March 2025 have been reviewed by Audit Committee and approved by the Board of Directors at their respective meetings held on 24th May 2025. n2. Following the Boards decision on 28th May 2024 to discontinue the Retail Business the RB the approval nfor sale liquidation of assets of RB the preliminary financial impact of same was recognized in the quarter and nyear ended 31st March 2024 and in subsequent quarters as and when occurred. The Company is continuing the process of sale liquidation of assets of RB and any further impact if any will be accounted for in the respective period quarter as and when occurred assessed. As a results segment reporting has been reorganized restated and RB have been merged and treated as part of the Consumer Appliances Business for current period and accordingly in the corresponding figures in the previous year periods. The Group now operates in two segments n1. Consumer Appliances Business and 2 Building Products. Consequently previous periods segment figures nare not strictly comparable with the current quarter and year ended 31st March 2025. n3. As of 31st December 2024 the Companys total investment in Hintastica Private Limited the HPL or JV na 50 50 joint venture was amounted to Rupees 61.86 crore in standalone financials represented by 422861 equity shares of Rupees 10 each. During the quarter ended 31st March 2025 the Company has further infused Rupees 17 crore in HPL on a rights basis by subscribing to an additional 125926 nos equity shares of Rupees 10 each at a premium of 1340 per share. On 31st March 2025 the Company restated value measured its investment in the JV HPL based on an independent valuation report and recognized provided an impairment loss of Rupees 6.12 crore in Standalone Financial Results and Rupees 29.60 crore in Consolidated Financial Results under Exceptional Items. n4. The Other Income for the year ended 31st March 2025 on standalone basis includes dividend received by the Company from its subsidiary viz. Hindware Limited amounting to Rupees 4.90 crore Previous Year Rupees 29.40 crore. n5. The Company had incorporated a wholly owned subsidiary by the name of HHIL Limited on 4th March 2025 nand subscribed for 5000000 equity shares of Rupees 2 each of HHIL Limited during the quarter and year ended 31st March 2025. n6. The Board of Directors of the Company in its meeting held on 27th March 2025 had approved a Composite nScheme of Arrangement the Scheme under section 230 to 232 read with section 66 and other applicable nprovisions of the Companies Act 2013 and the provisions of other applicable laws amongst the Company the nDemerged Company Remaining Transferor Company Hindware Limited Transferee Company and nHHIL Limited Resulting Company and their respective shareholders and creditors. The Scheme provides nfor the demerger of the Consumer Products Business of the Demerged Company and the amalgamation of the nRemaining Transferor Company as defined in the Scheme with and into Transferee Company. The Appointed nDate for the Scheme is 1st April 2025 or such other date as may be mutually agreed by the respective Board of the Companies or any such date approved by the Honble National Company Law Tribunal NCLT or any nother competent authority. The Scheme is subject to the approval of the BSE Limited the National Stock nExchange of India Limited SEBI shareholders and creditors of the Company and such other necessary napprovals as may be required and the sanction thereof of the Scheme by NCLT. The Company has applied to nBSE Limited and the National Stock Exchange for requisite approval of the Scheme and the approvals are nawaited. n7. During the quarter ended 31st December 2024 the Company had issued 11349962 nos equity shares of face value of Rupees 2 each at a price of 220 per share including a premium of Rupees 218 per share to its shareholders on a Rights basis. The use of proceeds from this Rights Issue has been fully utilised in line with the objects stated in the offer letter. Consequently basic and diluted EPS for all previous periods have been restated. n8. Figures for the quarter ended 31st March 2025 represent balancing figures between Audited figures for the full financial year and published year to date figures up to 31st December 2024. n9. The previous quarter period year figures have been rearranged regrouped wherever considered necessary.

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	6983400000
	Capital work-in-progress	2085300000
	Investment property	0
	Goodwill	19100000
	Other intangible assets	33700000
	Intangible assets under development	3000000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	730700000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	120700000
	Total non-current financial assets	851400000
	Deferred tax assets (net)	727200000
	Other non-current assets	1893500000
	Total non-current assets	12596600000
2	Current assets
	Inventories	6007200000
	Current financial asset
	Current investments	0
	Trade receivables, current	5077700000
	Cash and cash equivalents	248900000
	Bank balance other than cash and cash equivalents	3700000
	Loans, current	0
	Other current financial assets	157600000
	Total current financial assets	5487900000
	Current tax assets (net)
	Other current assets	1150700000
	Total current assets	12645800000
3	Non-current assets classified as held for sale	35000000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	25277400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	167300000
	Other equity	7603400000
	Total equity attributable to owners of parent	7770700000
	Non controlling interest	90500000
	Total equity	7861200000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3548300000
	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	1993600000
	Total non-current financial liabilities	5541900000
	Provisions, non-current	147200000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	42200000
	Total non-current liabilities	5731300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3650600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	465800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3600000000
	Total Trade payable	4065800000
	Other current financial liabilities	2772000000
	Total current financial liabilities	10488400000
	Other current liabilities	892100000
	Provisions, current	49500000
	Current tax liabilities (Net)	36700000
	Deferred government grants, Current	0
	Total current liabilities	11466700000
3	Liabilities directly associated with assets in disposal group classified as held for sale	218200000
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	17416200000
	Total equity and liabilites	25277400000
	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	Consumer appliances business	967800000	3561900000
2	Building Products	6071200000	21707100000
3	Others	0	0
	Total Segment Revenue	7039000000	25269000000
	Less: Inter segment revenue	48800000	48800000
	Revenue from operations	6990200000	25229900000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Consumer appliances business	-79100000	-370300000
2	Building Products	344800000	1029100000
3	Others	-1600000	-2600000
	Total Profit before tax	264100000	656200000
	i. Finance cost	191000000	191000000
	ii. Other Unallocable Expenditure net off Unallocable income	352100000	352100000
	Profit before tax	-279000000	-577200000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Consumer appliances business	3158000000	3158000000
2	Building Products	21202400000	21202400000
3	Others	13200000	13200000
	Total Segment Asset	24373600000	24373600000
	Un-allocable Assets	903800000	903800000
	Net Segment Asset	25277400000	25277400000
4	Segment Liabilities
	Segment Liabilities
1	Consumer appliances business	2122700000	2122700000
2	Building Products	15274100000	15274100000
3	Others	2000000	2000000
	Total Segment Liabilities	17398800000	17398800000
	Un-allocable Liabilities	17400000	17400000
	Net Segment Liabilities	17416200000	17416200000
	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	Items that will not be reclassified to profit or loss	18300000	17400000
	Total Amount of items that will not be reclassified to profit and loss	18300000	17400000
2	Income tax relating to items that will not be reclassified to profit or loss	5000000	4800000
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	100000	0
5	Total Other comprehensive income	13200000	12600000

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			-577200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			910300000
	Adjustments for decrease (increase) in inventories			-116900000
	Adjustments for decrease (increase) in trade receivables, current			-752700000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			106400000
	Adjustments for decrease (increase) in other non-current assets			0
	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			930400000
	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			1227600000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			7700000
	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			-2700000
	Adjustments for dividend income			0
	Adjustments for interest income			9400000
	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			-4900000
	Other adjustments to reconcile profit (loss)			10800000
	Other adjustments for non-cash items			225500000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2532100000
	Net cash flows from (used in) operations			1954900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			34000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1920900000
	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			200000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			170000000
	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			42300000
	Purchase of property, plant and equipment			2022300000
	Proceeds from sales of investment property			50100000
	Purchase of investment property			50100000
	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			4500000
	Net cash flows from (used in) investing activities	-2145700000
	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			2497000000
	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			1642300000
	Repayments of borrowings			1229100000
	Payments of lease liabilities			383300000
	Dividends paid			29100000
	Interest paid			802300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1512500000
	Net cash flows from (used in) financing activities			183000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-41800000
	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			-41800000
	Cash and cash equivalents cash flow statement at beginning of period			290700000
	Cash and cash equivalents cash flow statement at end of period			248900000