Integrated Filing — IndAS



General information about company

Scrip Code 500265
NSE Symbol MAHSEAMLES
MSEI Symbol NOTLISTED
ISIN INE271B01025
Name of company MAHARASHTRA SEAMLESS 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 26-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 Multi segment
Description of single segment
Start date and time of board meeting 26-May-2025   18:30:00
End date and time of board meeting 26-May-2025   20:10:00
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 2025-01-27
Indicate Company website link for updated RPT policy of the Company www.jindal.com
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
Not Applicable



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 14158300000 52659000000
Other income 402200000 1972400000
Total income 14560500000 54631400000
2 Expenses
(a) Cost of materials consumed 9034700000 32859400000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -470300000 303100000
(d) Employee benefit expense 307800000 1215400000
(e) Finance costs 7700000 29900000
(f) Depreciation, depletion and amortisation expense 253300000 1004800000
(f) Other Expenses
1 Other Expenses 2435600000 9061200000
Total other expenses 2435600000 9061200000
Total expenses 11568800000 44473800000
3 Total profit before exceptional items and tax 2991700000 10157600000
4 Exceptional items 0 0
5 Total profit before tax 2991700000 10157600000
6 Tax expense
7 Current tax 432700000 2192200000
8 Deferred tax 133700000 36900000
9 Total tax expenses 566400000 2229100000
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 2425300000 7928500000
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 2425300000 7928500000
17 Other comprehensive income net of taxes 1600000 2200000
18 Total Comprehensive Income for the period 2426900000 7930700000
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 670000000 670000000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 62097000000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 18.1 59.17
Diluted earnings (loss) per share from continuing operations 18.1 59.17
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 18.1 59.17
Diluted earnings (loss) per share from continuing and discontinued operations 18.1 59.17
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



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 18592800000
Capital work-in-progress 99400000
Investment property 0
Goodwill 0
Other intangible assets 0
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 6337400000
Trade receivables, non-current 0
Loans, non-current 51200000
Other non-current financial assets 76500000
Total non-current financial assets 6465100000
Deferred tax assets (net) 0
Other non-current assets 171200000
Total non-current assets 25328500000
2 Current assets
Inventories 13390100000
Current financial asset
Current investments 6580000000
Trade receivables, current 387100000
Cash and cash equivalents 21300000
Bank balance other than cash and cash equivalents 375300000
Loans, current 0
Other current financial assets 22026100000
Total current financial assets 29389800000
Current tax assets (net) 824200000
Other current assets 659500000
Total current assets 44263600000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 69592100000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 670000000
Other equity 62059200000
Total equity attributable to owners of parent 62729200000
Non controlling interest
Total equity 62729200000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1000000
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 32600000
Total non-current financial liabilities 33600000
Provisions, non-current 0
Deferred tax liabilities (net) 3622400000
Deferred government grants, Non-current 0
Other non-current liabilities 509300000
Total non-current liabilities 4165300000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 50200000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1464800000
Total Trade payable 1515000000
Other current financial liabilities 21300000
Total current financial liabilities 1536300000
Other current liabilities 582100000
Provisions, current 579200000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2697600000
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 6862900000
Total equity and liabilites 69592100000
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)
1 a. Steel Pipes & Tubes 13910000000 51676200000
2 b. Power-Electricity 198900000 780100000
3 c. Rig 176900000 706900000
4 d. Others/Unallocated 402200000 1972400000
Total Segment Revenue 14688000000 55135600000
Less: Inter segment revenue 127500000 127500000
Revenue from operations 14560500000 54631400000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 a. Steel Pipes & Tubes 2397200000 7438700000
2 b. Power-Electricity 142200000 545300000
3 c. Rig 57800000 231100000
4 d. Others/Unallocated 402200000 1972400000
Total Profit before tax 2999400000 10187500000
i. Finance cost 7700000 7700000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 2991700000 10157600000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 a. Steel Pipes & Tubes 31160200000 31160200000
2 b. Power-Electricity 2509200000 2509200000
3 c. Rig 6325300000 6325300000
4 d. Others/Unallocated 29597400000 29597400000
Total Segment Asset 69592100000 69592100000
Un-allocable Assets 0 0
Net Segment Asset 69592100000 69592100000
4 Segment Liabilities
Segment Liabilities
1 a. Steel Pipes & Tubes 3217900000 3217900000
2 b. Power-Electricity 20100000 20100000
3 c. Rig 2600000 2600000
4 d. Others/Unallocated 3622300000 3622300000
Total Segment Liabilities 6862900000 6862900000
Un-allocable Liabilities 0 0
Net Segment Liabilities 6862900000 6862900000
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 Remeasurement of defined benefit plans 1600000 2200000
Total Amount of items that will not be reclassified to profit and loss 1600000 2200000
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
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 1600000 2200000



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 10157600000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 29900000
Adjustments for decrease (increase) in inventories 2344400000
Adjustments for decrease (increase) in trade receivables, current -379200000
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 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -3861500000
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 1004800000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
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 0
Adjustments for dividend income 1300000
Adjustments for interest income 692300000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -841400000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 2200000
Other adjustments for non-cash items -5900000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -2400300000
Net cash flows from (used in) operations 7757300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1683000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 6074300000
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 400000
Purchase of property, plant and equipment 219500000
Proceeds from sales of investment property 30179400000
Purchase of investment property 37766600000
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 15000000
Cash receipts from repayment of advances and loans made to other parties 2214800000
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 1300000
Interest received 742700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 5800000
Net cash flows from (used in) investing activities -4856700000
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 1000000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 1340000000
Interest paid 27100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1366100000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -148500000
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 -148500000
Cash and cash equivalents cash flow statement at beginning of period 535600000
Cash and cash equivalents cash flow statement at end of period 387100000





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 Kanodia Sanyal & Associates Yes 30-Apr-2026


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 Maharshtra Seamless Limited Jindal Pipes Ltd. Common Controlled Entity Purchase of goods or services 500000 Nil 300000 0 0
2 Maharshtra Seamless Limited Jindal Pipes Ltd. Common Controlled Entity Any other transaction Rent 600000 Nil 600000 0 0
3 Maharshtra Seamless Limited Jindal Pipes Ltd. Common Controlled Entity Sale of goods or services 100000 Nil 100000 0 0
4 Maharshtra Seamless Limited Jindal Premium Connection Pvt. Ltd. Wholly owned Subsidiary Company Purchase of goods or services 10000000 Nil 6700000 0 0
5 Maharshtra Seamless Limited Jindal Premium Connection Pvt. Ltd. Wholly owned Subsidiary Company Sale of goods or services 5000000 Nil 2200000 0 0
6 Maharshtra Seamless Limited Jindal Premium Connection Pvt. Ltd. Wholly owned Subsidiary Company Loan 2000000 Nil 2000000 0 2000000
7 Maharshtra Seamless Limited Jindal Drilling & Industries Limited Common Controlled Entity Any other transaction Charter Hire Charges- Rig Jindal Explorer 360000000 Nil 354900000 0 0
8 Maharshtra Seamless Limited Jindal Drilling & Industries Limited Common Controlled Entity Any other transaction Rent Expenses 100000 Nil 100000 0 0
9 Maharshtra Seamless Limited Jindal Drilling & Industries Limited Common Controlled Entity Any other transaction Rent Income 500000 Nil 500000 0 0
10 Maharshtra Seamless Limited Sigma Infrasture Pvt. Ltd. Common Controlled Entity Any other transaction Rent 3000000 Nil 3000000 0 0
11 Maharshtra Seamless Limited Sigma Infrasture Pvt. Ltd. Common Controlled Entity Any other transaction Security Deposit 18000000 Nil 18000000 0 0
12 Maharshtra Seamless Limited Jindal Global Finance & Investment Limited Promoter Group Any other transaction Rent 400000 Nil 400000 0 0
13 Maharshtra Seamless Limited D. P. Jindal Promoter, Non Executive Chairman, Director Any other transaction Sitting Fees Nil 200000 0 0
14 Maharshtra Seamless Limited Ashok Bhandari Independent Director Any other transaction Sitting Fees Nil 200000 0 0
15 Maharshtra Seamless Limited Kamal Kishore Bhartia Independent Director Any other transaction Sitting Fees Nil 200000 0 0
16 Maharshtra Seamless Limited Mohan Gupta Independent Director Any other transaction Sitting Fees Nil 200000 0 0
17 Maharshtra Seamless Limited Dr. Roma Kumar Independent Director Any other transaction Sitting Fees Nil 200000 0 0
18 Maharshtra Seamless Limited S.P. Raj Whole-time Director Remuneration Nil 3000000 0 0
19 Maharshtra Seamless Limited Saket Jindal Promoter & Managing Director Remuneration Nil 28800000 0 0
20 Maharshtra Seamless Limited Raghav Jindal Joint Managing Director Remuneration Nil 20400000 0 0
21 Maharshtra Seamless Limited Ram Ji Nigam Company Secretary Remuneration Nil 1000000 0 0
22 Maharshtra Seamless Limited Shreepriya Jindal Relative of Director Remuneration Nil 800000 0 0
23 Maharshtra Seamless Limited Arup Mandal Chief Financial Officer Remuneration Nil 1300000 0 0
Total value of transaction during the reporting period 445100000