Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol MCL
MSEI Symbol NOTLISTED
ISIN INE813V01022
Name of company MADHAV COPPER 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 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 Manufacturing of various type of copper wire, cables and other item
Start date and time of board meeting 27-May-2025   15:00:00
End date and time of board meeting 27-May-2025   18:35:00
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)? Yes
(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? Yes
(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 2024-12-19
Indicate Company website link for updated RPT policy of the Company https://www.madhavcopper.com/investors_info/Policies/Policy%20for%20Determining%20on%20Related%20Party%20Transactions.pdf?v=1
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 415237000 1245947000
Other income 3948000 7984000
Total income 419185000 1253931000
2 Expenses
(a) Cost of materials consumed 315950000 985435000
(b) Purchases of stock-in-trade 0 40436000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 49327000 53628000
(d) Employee benefit expense 9737000 25237000
(e) Finance costs 7159000 18453000
(f) Depreciation, depletion and amortisation expense 4441000 16636000
(f) Other Expenses
1 Other Expenses 28566000 79567000
Total other expenses 28566000 79567000
Total expenses 415180000 1219392000
3 Total profit before exceptional items and tax 4005000 34539000
4 Exceptional items 0 0
5 Total profit before tax 4005000 34539000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -13174000 -12338000
9 Total tax expenses -13174000 -12338000
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 17179000 46877000
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 17179000 46877000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 17179000 46877000
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 135714000 135714000
Face value of equity share capital 5 5
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 0.63 1.73
Diluted earnings (loss) per share from continuing operations 0.63 1.73
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0.63 1.73
Diluted earnings (loss) per share from discontinued operations 0.63 1.73
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.26 3.46
Diluted earnings (loss) per share from continuing and discontinued operations 1.26 3.46
24 Debt equity ratio 0.0543 0.0543
25 Debt service coverage ratio 0.0071 0.048
26 Interest service coverage ratio 0.0237 0.0288
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 90174000
Capital work-in-progress 29291000
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 206000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 3448000
Total non-current financial assets 3654000
Deferred tax assets (net) 15267000
Other non-current assets 0
Total non-current assets 138386000
2 Current assets
Inventories 358173000
Current financial asset
Current investments 0
Trade receivables, current 108864000
Cash and cash equivalents 1694000
Bank balance other than cash and cash equivalents 1177000
Loans, current 1095000
Other current financial assets 798000
Total current financial assets 113628000
Current tax assets (net) 2076000
Other current assets 155957000
Total current assets 629834000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 768220000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 135714000
Other equity 321380000
Total equity attributable to owners of parent 457094000
Non controlling interest
Total equity 457094000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 21806000
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 4756000
Total non-current financial liabilities 26562000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 26562000
Current liabilities
Current financial liabilities
Borrowings, current 235295000
Trade payables, 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 38424000
Total Trade payable 38424000
Other current financial liabilities 0
Total current financial liabilities 273719000
Other current liabilities 8233000
Provisions, current 2612000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 284564000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 311126000
Total equity and liabilites 768220000
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
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
5 Total Other comprehensive income



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 34539000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 18453000
Adjustments for decrease (increase) in inventories -50946000
Adjustments for decrease (increase) in trade receivables, current -57426000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -14249000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -712000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -38618000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 135566000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 16636000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 227000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -8591000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
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) 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) 340000
Net cash flows from (used in) operations 34879000
Dividends received 0
Interest paid 18453000
Interest received 2645000
Income taxes paid (refund) 57000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 19014000
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 0
Purchase of property, plant and equipment 7900000
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 -2645000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -10545000
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 0
Repayments of borrowings 8115000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -8115000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 354000
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 354000
Cash and cash equivalents cash flow statement at beginning of period 5966000
Cash and cash equivalents cash flow statement at end of period 6320000





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 NIRAV PATEL & CO. Yes 30-Nov-2025


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 MADHAV COPPER LIMITED Kamleshbhai Solanki Chief Finance Officer Remuneration 400000 NA 113000 16000 16000
2 MADHAV COPPER LIMITED Sneha Parth Langaliya Company Secretary Remuneration 450000 NA 166000 25000 25000
3 MADHAV COPPER LIMITED Nileshbhai N. Patel Chairman & Whole-time Director Remuneration 3600000 NA 600000 0 200000
4 MADHAV COPPER LIMITED Rohit B. Chauhan Managing director Remuneration 3600000 NA 175000 0 75000
5 MADHAV COPPER LIMITED Nileshbhai N. Patel Chairman & Whole-time Director Loan 30000000 NA 5000000 25547000 20547000 Loan 0 Repayable Unsecured Business Purpose
6 MADHAV COPPER LIMITED Madhav Steels Group Concern Purchase of goods or services 1000000000 NA 104803000 36991000 7038000
7 MADHAV COPPER LIMITED Madhav Steels Group Concern Any other transaction Rent Paid 1000000 NA 84000 36000 0
8 MADHAV COPPER LIMITED Madhav Metcast Pvt. Ltd. Group Concern Loan 10000000 NA 3999000 3851000 0 Loan 0.055 Repayable Unsecured Business Purpose
9 MADHAV COPPER LIMITED Divya A. Monpara Director Loan 10000000 NA 2700000 2700000 0 Loan 0 Repayable Unsecured Business Purpose
10 MADHAV COPPER LIMITED International Metal Corporation Group Concern Purchase of goods or services 1000000000 NA 5508000 0 0
11 MADHAV COPPER LIMITED International Metal Corporation Group Concern Sale of goods or services 1000000000 NA 50046000 25340000 33491000
12 MADHAV COPPER LIMITED Mr. Chaitanya Doshi Independent Director Any other transaction Sitting Fees 50000 NA 23000 13000 9000
13 MADHAV COPPER LIMITED Mr. Jaysukh Dabhi Independent Director Any other transaction Sitting Fees 50000 NA 24000 14000 9000
14 MADHAV COPPER LIMITED Mrs. Dinal Lakhani Independent Director Any other transaction Sitting Fees 50000 NA 24000 14000 9000
Total value of transaction during the reporting period 173265000