Integrated Filing — IndAS



General information about company
Scrip Code 500404
NSE Symbol SUNFLAG
MSEI Symbol NOTLISTED
ISIN INE947A01014
Name of company SUNFLAG IRON AND STEEL COMPANY 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 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 Single segment
Description of single segment ROLLED PRODUCTS
Start date and time of board meeting 27-May-2025   12:00:00
End date and time of board meeting 27-May-2025   17:25:00
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 8831100000 35355900000
Other income 26700000 165200000
Total income 8857800000 35521100000
2 Expenses
(a) Cost of materials consumed 6190800000 22289700000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -641700000 -214500000
(d) Employee benefit expense 327400000 1373200000
(e) Finance costs 218700000 899000000
(f) Depreciation, depletion and amortisation expense 264000000 1044500000
(f) Other Expenses
1 Other Expenses 1950300000 8014400000
Total other expenses 1950300000 8014400000
Total expenses 8309500000 33406300000
3 Total profit before exceptional items and tax 548300000 2114800000
4 Exceptional items 0 0
5 Total profit before tax 548300000 2114800000
6 Tax expense
7 Current tax 144400000 622500000
8 Deferred tax -24000000 -125700000
9 Total tax expenses 120400000 496800000
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 427900000 1618000000
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 4600000 2800000
16 Total profit (loss) for period 432500000 1620800000
17 Other comprehensive income net of taxes 2819600000 34405600000
18 Total Comprehensive Income for the period 3252100000 36026400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 432400000 1620600000
Total profit or loss, attributable to non-controlling interests 100000 200000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3252000000 36026200000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 100000 200000
21 Details of equity share capital
Paid-up equity share capital 1802200000 1802200000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 82477600000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.4 8.99
Diluted earnings (loss) per share from continuing operations 2.4 8.99
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 2.4 8.99
Diluted earnings (loss) per share from continuing and discontinued operations 2.4 8.99
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) Notes :ttttt n1.tThe Consolidated financial results have been reviewed and recommended by the audit committee and approved by the Board of Directors at their respective meeting held on May 27, 2025. Limited review under regulation 33 of the SEBI (Listing obligations and disclosure requirements) Regulations, 2015 has been carried out by the statutory auditors of the Company. The auditors have expressed an unqualified report on the above results. n2.tThe Consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS) prescribed under section 133 of the Companies Act, 2013 as amended and other recognised accounting practices and policies to the extent possible. n3.tThe Company has only one operating segment i.e. ‘Iron & Steel Business’ and Operations are mainly within India. Hence, it is the only reportable segment under IND AS- 108 ‘Operating Segments’. n4.tOther Comprehensive Income includes MTM gain on Equity shares held by the Company in Lloyds Metal & Energy Ltd (LMEL) recognised at its fair value as at March 31, 2025. n5.tThe Board of Directors have recommended a dividend of Rs.0.75 per fully paid up equity share of Rs.10 each for the year ended March 31, 2025, subject to approval by the shareholders. n6.tThe figures of previous periods have been re-grouped/re-arranged wherever necessary to make them comparable. n7.tThe Figures of last Quarters are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the financial years. n8.tThe results of the Company are also available on stock exchange websites, www.nseindia.com, www.bseindia.com and on the Company's website www.sunflagsteel.com.



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 14418300000
Capital work-in-progress 2970900000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 77790600000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 345400000
Total non-current financial assets 78136000000
Deferred tax assets (net)
Other non-current assets 673500000
Total non-current assets 96198700000
2 Current assets
Inventories 9311900000
Current financial asset
Current investments 0
Trade receivables, current 3616700000
Cash and cash equivalents 1012100000
Bank balance other than cash and cash equivalents 570000000
Loans, current 0
Other current financial assets 33200000
Total current financial assets 5232000000
Current tax assets (net) 5500000
Other current assets 1122000000
Total current assets 15671400000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 111870100000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1802200000
Other equity 85861500000
Total equity attributable to owners of parent 87663700000
Non controlling interest 16000000
Total equity 87679700000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1653400000
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 555400000
Total non-current financial liabilities 2208800000
Provisions, non-current 442200000
Deferred tax liabilities (net) 11006100000
Deferred government grants, Non-current
Other non-current liabilities 0
Total non-current liabilities 13657100000
Current liabilities
Current financial liabilities
Borrowings, current 4052200000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 389500000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4393300000
Total Trade payable 4782800000
Other current financial liabilities 1300600000
Total current financial liabilities 10135600000
Other current liabilities 397700000
Provisions, current 0
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 10533300000
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 24190400000
Total equity and liabilites 111870100000
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 Items not to be reclassified to profit and loss 3295600000 41078700000
Total Amount of items that will not be reclassified to profit and loss 3295600000 41078700000
2 Income tax relating to items that will not be reclassified to profit or loss 476000000 6673100000
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 2819600000 34405600000



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 2114800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 899000000
Adjustments for decrease (increase) in inventories -985900000
Adjustments for decrease (increase) in trade receivables, current -230500000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -369000000
Adjustments for decrease (increase) in other non-current assets -51300000
Adjustments for other financial assets, non-current 37900000
Adjustments for other financial assets, current 59000000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -475800000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 495800000
Adjustments for increase (decrease) in other non-current liabilities 19600000
Adjustments for depreciation and amortisation expense 1044500000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 74300000
Adjustments for provisions, non-current 15300000
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 60000000
Adjustments for interest income 98100000
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 0
Other adjustments to reconcile profit (loss) -700000
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) 374100000
Net cash flows from (used in) operations 2488900000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 615000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1873900000
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 248600000
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 900000
Purchase of property, plant and equipment 801000000
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 -22700000
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 60000000
Interest received 98100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -867900000
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 328500000
Repayments of borrowings 1324100000
Payments of lease liabilities 0
Dividends paid 91800000
Interest paid 844800000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1932200000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -926200000
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 -926200000
Cash and cash equivalents cash flow statement at beginning of period 1938300000
Cash and cash equivalents cash flow statement at end of period 1012100000





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 M/s NSBP & Co, Chartered Accountants Yes 30-Apr-2027