Integrated Filing — IndAS



General information about company
Scrip Code 590072
NSE Symbol SUNDRMBRAK
MSEI Symbol NOTLISTED
ISIN INE073D01013
Name of company SUNDARAM BRAKE LININGS 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 25-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-May-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 Friction Materials
Start date and time of board meeting 25-May-2025   10:45:00
End date and time of board meeting 25-May-2025   12:10:00
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 2025-05-25
Indicate Company website link for updated RPT policy of the Company https://www.tvsbrakelinings.com/sebi.php
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
There are no default on Loans and Debt securities for the Financial year 2024-2025



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 969570000 3522130000
Other income 8911000 28140000
Total income 978481000 3550270000
2 Expenses
(a) Cost of materials consumed 445755000 1775947000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 49716000 -71873000
(d) Employee benefit expense 138476000 549581000
(e) Finance costs 11827000 40289000
(f) Depreciation, depletion and amortisation expense 13477000 59676000
(f) Other Expenses
1 Other Expenses 301816000 1135240000
Total other expenses 301816000 1135240000
Total expenses 961067000 3488860000
3 Total profit before exceptional items and tax 17414000 61410000
4 Exceptional items 0 0
5 Total profit before tax 17414000 61410000
6 Tax expense
7 Current tax 2537000 10251000
8 Deferred tax 1633000 -569000
9 Total tax expenses 4170000 9682000
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 13244000 51728000
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 13244000 51728000
17 Other comprehensive income net of taxes -924000 -924000
18 Total Comprehensive Income for the period 12320000 50804000
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 39346000 39346000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 954180000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.37 13.15
Diluted earnings (loss) per share from continuing operations 3.37 13.15
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 3.37 13.15
Diluted earnings (loss) per share from continuing and discontinued operations 3.37 13.15
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The primary operations of the Company relate only to one segment viz., friction materials. n2. The above audited financial results of the Company have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 25th May, 2025. The Statutory Auditors have carried out an audit for the year ended 31st March, 2025 and have issued an unqualified report thereon. n3. Other Comprehensive Income mainly comprise of the impact on movement in fair value of Non-Current Investments in Equity and Remeasurement of Defined Plan Benefits n4. The results for the quarter and financial year ended 31st March 2025 reflect the impact of delays in project revenue initiation, increase in development expenditure in Composite Business, legal costs and the weak domestic commercial vehicle market. n5. The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years ended 31.03.2025 / 31.03.2024. n6. The Board of Directors of the company recommended a dividend of Rs.1.50 per equity share of Rs.10/- each (15%) for the year ended 31st March 2025, subject to the approval of shareholders at the ensuing Annual General Meeting of the Company. n7. Prior period figures have been regrouped wherever necessary to conform to current period classification.



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 631800000
Capital work-in-progress 28294000
Investment property 0
Goodwill 0
Other intangible assets 7396000
Intangible assets under development 8160000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 107000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 45591000
Total non-current financial assets 45698000
Deferred tax assets (net) 7364000
Other non-current assets 48880000
Total non-current assets 777592000
2 Current assets
Inventories 498389000
Current financial asset
Current investments 0
Trade receivables, current 790242000
Cash and cash equivalents 2891000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 99747000
Total current financial assets 892880000
Current tax assets (net)
Other current assets 77180000
Total current assets 1468449000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2246041000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 39346000
Other equity 954180000
Total equity attributable to owners of parent 993526000
Non controlling interest
Total equity 993526000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 39752000
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
Total non-current financial liabilities 39752000
Provisions, non-current 7843000
Deferred tax liabilities (net) 86826000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 134421000
Current liabilities
Current financial liabilities
Borrowings, current 517429000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 119961000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 348555000
Total Trade payable 468516000
Other current financial liabilities 118197000
Total current financial liabilities 1104142000
Other current liabilities 13266000
Provisions, current 0
Current tax liabilities (Net) 686000
Deferred government grants, Current
Total current liabilities 1118094000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1252515000
Total equity and liabilites 2246041000
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 Items that will not be reclassified into profit & loss -1109000 -1109000
Total Amount of items that will not be reclassified to profit and loss -1109000 -1109000
2 Income tax relating to items that will not be reclassified to profit or loss -185000 -185000
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 0 0
5 Total Other comprehensive income -924000 -924000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
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 61410000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -52616000
Adjustments for decrease (increase) in trade receivables, current -98042000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -9124000
Adjustments for other financial assets, current -6843000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 27114000
Adjustments for increase (decrease) in trade payables, non-current -5784000
Adjustments for increase (decrease) in other current liabilities -5920000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 59676000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 943000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 8830000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -1678000
Adjustments for dividend income 0
Adjustments for interest income 3186000
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 -1109000
Other adjustments to reconcile profit (loss) 0
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) -87739000
Net cash flows from (used in) operations -26329000
Dividends received 0
Interest paid -40289000
Interest received 0
Income taxes paid (refund) 12673000
Other inflows (outflows) of cash -12000
Net cash flows from (used in) operating activities 1275000
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 210000
Purchase of property, plant and equipment 80561000
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 -21000
Purchase of other long-term assets -9033000
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 2978000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -68361000
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 135373000
Repayments of borrowings 20648000
Payments of lease liabilities 0
Dividends paid 7869000
Interest paid 40374000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 66482000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -604000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 9000
Net increase (decrease) in cash and cash equivalents -595000
Cash and cash equivalents cash flow statement at beginning of period 3348000
Cash and cash equivalents cash flow statement at end of period 2753000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Brahmayya & Co Yes 30-Apr-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 SUNDARAM BRAKE LININGS LTD TVS Mobility Private Limited Group Member Sale of goods or services 50000000 Nil 9901000 2732000 1787000
2 SUNDARAM BRAKE LININGS LTD Trichur Sundaram Santhanam &Family Private Ltd Group Member Sale of goods or services 100000000 Nil 18603000 5096000 2737000
3 SUNDARAM BRAKE LININGS LTD Alagar Farms Private Ltd Enterprise in which relatives of Key Management Personnel have significant interest Any other transaction Rent Received 100000000 NA 6000 0 0
4 SUNDARAM BRAKE LININGS LTD Alagar Resin Private Ltd Enterprise in which relatives of Key Management Personnel have significant interest Purchase of goods or services 280000000 Nil 56248000 16180000 15868000
5 SUNDARAM BRAKE LININGS LTD Alagar Farms Private Ltd Enterprise in which relatives of Key Management Personnel have significant interest Purchase of goods or services 65000000 Nil 23343000 7667000 7398000
6 SUNDARAM BRAKE LININGS LTD Madurai Alagar Enterprises Ltd Enterprise in which relatives of Key Management Personnel have significant interest Sale of goods or services 235000000 Nil 25161000 5659000 5728000
7 SUNDARAM BRAKE LININGS LTD Madurai Alagar Enterprises Ltd Enterprise in which relatives of Key Management Personnel have significant interest Any other transaction Reimbursement of expenses 235000000 Nil 1402000 0 0
8 SUNDARAM BRAKE LININGS LTD Shripriya Mahesh Ramanan Relatives of Key Management Personnnel Any other transaction Sitting Fees 0 NA 15000 0 0
9 SUNDARAM BRAKE LININGS LTD V Srinivasan Key Management Personnnel Remuneration 0 NA 2000000 0 0
10 SUNDARAM BRAKE LININGS LTD Krishna Mahesh Managing Director Remuneration 10668000 NA 4200000 0 0
11 SUNDARAM BRAKE LININGS LTD J R Vishnu Varthan Key Management Personnnel Remuneration 0 NA 693000 0 0
12 SUNDARAM BRAKE LININGS LTD TVS Global Trade Private Ltd Enterprise in which relatives of Key Management Personnel have significant interest Any other transaction Commission on Sale 50000000 Nil 1812000 0 1721000
13 SUNDARAM BRAKE LININGS LTD Shobhana Ramachandran Non Executive Non Independent Director Any other transaction Sitting Fees 0 NA 15000 0 0
14 SUNDARAM BRAKE LININGS LTD S Venkataraman Independent Director Any other transaction Sitting Fees 0 NA 40000 0 0
15 SUNDARAM BRAKE LININGS LTD Sandhya Subramanyam Independent Director Any other transaction Sitting Fees 0 NA 35000 0 0
16 SUNDARAM BRAKE LININGS LTD M.CT.P. Chithambaram Independent Director Any other transaction Sitting Fees 0 NA 30000 0 0
Total value of transaction during the reporting period 143504000