Integrated Filing — IndAS



General information about company
Scrip Code 540048
NSE Symbol SPAL
MSEI Symbol NOTLISTED
ISIN INE212I01016
Name of company S. P. APPARELS 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 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-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 Single segment
Description of single segment MANUFACTURING OF GARMENTS AND EXPORTS
Start date and time of board meeting 27-May-2025   12:00:00
End date and time of board meeting 27-May-2025   15:00:00
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 3992080000 13951340000
Other income 42250000 121920000
Total income 4034330000 14073260000
2 Expenses
(a) Cost of materials consumed 1168400000 4852120000
(b) Purchases of stock-in-trade 219600000 1001240000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 360950000 -64310000
(d) Employee benefit expense 933890000 3462120000
(e) Finance costs 96850000 334850000
(f) Depreciation, depletion and amortisation expense 113200000 432960000
(f) Other Expenses
1 other Expenses 766830000 2822070000
Total other expenses 766830000 2822070000
Total expenses 3659720000 12841050000
3 Total profit before exceptional items and tax 374610000 1232210000
4 Exceptional items 0 0
5 Total profit before tax 374610000 1232210000
6 Tax expense
7 Current tax 105010000 383000000
8 Deferred tax -34270000 -101810000
9 Total tax expenses 70740000 281190000
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 303870000 951020000
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 303870000 951020000
17 Other comprehensive income net of taxes -25270000 -28550000
18 Total Comprehensive Income for the period 278600000 922470000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests 220000 -460000
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 250930000 250930000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 12.11 37.9
Diluted earnings (loss) per share from continuing operations 12.11 37.9
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 12.11 37.9
Diluted earnings (loss) per share from continuing and discontinued operations 12.11 37.9
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 Consolidated
Assets
1 Non-current assets
Property, plant and equipment 5577050000
Capital work-in-progress 305640000
Investment property
Goodwill 237420000
Other intangible assets 138110000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 98020000
Trade receivables, non-current
Loans, non-current 160370000
Other non-current financial assets 632150000
Total non-current financial assets 890540000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 7148760000
2 Current assets
Inventories 3707180000
Current financial asset
Current investments 0
Trade receivables, current 2507460000
Cash and cash equivalents 352750000
Bank balance other than cash and cash equivalents 60150000
Loans, current 0
Other current financial assets 785130000
Total current financial assets 3705490000
Current tax assets (net)
Other current assets
Total current assets 7412670000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 14561430000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 250930000
Other equity 8312500000
Total equity attributable to owners of parent 8563430000
Non controlling interest -63920000
Total equity 8499510000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 646120000
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 75990000
Total non-current financial liabilities 722110000
Provisions, non-current 0
Deferred tax liabilities (net) 249820000
Deferred government grants, Non-current
Other non-current liabilities 390000
Total non-current liabilities 972320000
Current liabilities
Current financial liabilities
Borrowings, current 3162140000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 302480000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1019260000
Total Trade payable 1321740000
Other current financial liabilities 351780000
Total current financial liabilities 4835660000
Other current liabilities 107280000
Provisions, current 146660000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 5089600000
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 6061920000
Total equity and liabilites 14561430000
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)
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 Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Actuarial gain/(loss) on defined benefit plans -11450000 -13570000
Total Amount of items that will not be reclassified to profit and loss -11450000 -13570000
2 Income tax relating to items that will not be reclassified to profit or loss -2890000 -3420000
3 Amount of items that will be reclassified to profit and loss
1 The effective portion of gain/(loss) on hedging instruments in a cash flow hedge translation difference -22330000 -24590000
Total Amount of items that will be reclassified to profit and loss -22330000 -24590000
4 Income tax relating to items that will be reclassified to profit or loss -5620000 -6190000
5 Total Other comprehensive income -25270000 -28550000



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1232210000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 329180000
Adjustments for decrease (increase) in inventories -481180000
Adjustments for decrease (increase) in trade receivables, current -499580000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -382890000
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 181480000
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 432960000
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 37110000
Adjustments for dividend income 0
Adjustments for interest income 40290000
Adjustments for share-based payments 3660000
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 -6240000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -21070000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -446860000
Net cash flows from (used in) operations 785350000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 341170000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 444180000
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 1373070000
Other cash receipts from sales of equity or debt instruments of other entities 810540000
Other cash payments to acquire equity or debt instruments of other entities 380050000
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 9680000
Purchase of property, plant and equipment 822430000
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 0
Interest received 25210000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -37190000
Net cash flows from (used in) investing activities -1767310000
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 870000
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 1184270000
Repayments of borrowings 0
Payments of lease liabilities 54030000
Dividends paid 0
Interest paid 306120000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 824990000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -498140000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents -40000
Net increase (decrease) in cash and cash equivalents -498180000
Cash and cash equivalents cash flow statement at beginning of period 850930000
Cash and cash equivalents cash flow statement at end of period 352750000





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 ASA & Associates LLP Yes 31-Mar-2026