Integrated Filing — IndAS



General information about company

Scrip Code 542852
NSE Symbol VISHWARAJ
MSEI Symbol NA
ISIN INE430N01022
Name of company Vishwaraj Sugar Industries 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 17-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 27-May-2025   15:30:00
End date and time of board meeting 27-May-2025   16:50:00
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 2023-08-10
Indicate Company website link for updated RPT policy of the Company www.visl.co.in
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 defaults



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 1666841000 4539189000
Other income 54395000 76307000
Total income 1721236000 4615496000
2 Expenses
(a) Cost of materials consumed 1162637000 3177688000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 103393000 399930000
(d) Employee benefit expense 66105000 227863000
(e) Finance costs 61628000 342697000
(f) Depreciation, depletion and amortisation expense 37428000 161128000
(f) Other Expenses
1 Other Manufacturing expenses 147705000 433367000
2 Other expenses 62193000 183490000
Total other expenses 209898000 616857000
Total expenses 1641089000 4926163000
3 Total profit before exceptional items and tax 80147000 -310667000
4 Exceptional items 0 0
5 Total profit before tax 80147000 -310667000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 59566000 59566000
9 Total tax expenses 59566000 59566000
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 20581000 -370233000
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 20581000 -370233000
17 Other comprehensive income net of taxes -7889000 -7889000
18 Total Comprehensive Income for the period 12692000 -378122000
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 435655000 435655000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 2369128000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.06 -1.74
Diluted earnings (loss) per share from continuing operations 0.06 -1.74
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 0.06 -1.74
Diluted earnings (loss) per share from continuing and discontinued operations 0.06 -1.74
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 2764706000
Capital work-in-progress 2010072000
Investment property 13077000
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 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 37215000
Total non-current financial assets 37215000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 4825070000
2 Current assets
Inventories 2358530000
Current financial asset
Current investments 0
Trade receivables, current 299000000
Cash and cash equivalents 95932000
Bank balance other than cash and cash equivalents 1000000
Loans, current 0
Other current financial assets 37000
Total current financial assets 395969000
Current tax assets (net)
Other current assets 605723000
Total current assets 3360222000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 8185292000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 435655000
Other equity 2369128000
Total equity attributable to owners of parent 2804783000
Non controlling interest
Total equity 2804783000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1248353000
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
Total non-current financial liabilities 1248353000
Provisions, non-current 46302000
Deferred tax liabilities (net) 426130000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1720785000
Current liabilities
Current financial liabilities
Borrowings, current 2656834000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 63156000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 400736000
Total Trade payable 463892000
Other current financial liabilities 477873000
Total current financial liabilities 3598599000
Other current liabilities 54521000
Provisions, current 6604000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3659724000
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 5380509000
Total equity and liabilites 8185292000
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 Sugar 1158632000 2773432000
2 Co-generation 158404000 244033000
3 Distillery 306792000 1363248000
4 IML 0 0
5 Vinegar Unit 53366000 168623000
6 Others 74000 280000
7 Unallocable revenue 0 0
Total Segment Revenue 1677268000 4549616000
Less: Inter segment revenue
Revenue from operations 1677268000 4549616000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Sugar -153394000 -1084101000
2 Co-generation 21800000 67754000
3 Distillery 203821000 966148000
4 IML 5594000 16349000
5 Vinegar Unit 44782000 107732000
6 Others 0 0
7 Unallocable revenue 42455000 384548000
Total Profit before tax 165058000 458430000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 165058000 458430000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Sugar 3358721000 3358721000
2 Co-generation 625824000 625824000
3 Distillery 3590838000 3590838000
4 IML 31726000 31726000
5 Vinegar Unit 221305000 221305000
6 Others 0 0
7 Unallocable revenue 356878000 356878000
Total Segment Asset 8185292000 8185292000
Un-allocable Assets 0 0
Net Segment Asset 8185292000 8185292000
4 Segment Liabilities
Segment Liabilities
1 Sugar 3242720000 3242720000
2 Co-generation 26486000 26486000
3 Distillery 1290560000 1290560000
4 IML 0 0
5 Vinegar Unit 10703000 10703000
6 Others 0 0
7 Unallocable revenue 3614824000 3614824000
Total Segment Liabilities 8185293000 8185293000
Un-allocable Liabilities 0 0
Net Segment Liabilities 8185293000 8185293000
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 7889000 7889000
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 -7889000 -7889000



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 -310667000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 342697000
Adjustments for decrease (increase) in inventories 406801000
Adjustments for decrease (increase) in trade receivables, current 107384000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 42602000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -27000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -515193000
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 161128000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -713000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 360910000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 655000
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 -90689000
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) 814245000
Net cash flows from (used in) operations 503578000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 503578000
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 0
Proceeds from sales of investment property 1000
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 826506000
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 655000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -825850000
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 617614000
Repayments of borrowings 367634000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 342697000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 499993000
Net cash flows from (used in) financing activities 407276000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 85004000
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 85004000
Cash and cash equivalents cash flow statement at beginning of period 11927000
Cash and cash equivalents cash flow statement at end of period 96931000





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 PG Ghali & Co. Yes 31-Jul-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 VISHWARAJ SUGAR INDUSTRIES LIMITED KUSH RAMESH KATTI Key management personnel of entity or parent Remuneration 2100000 NIL 0 0 0
2 VISHWARAJ SUGAR INDUSTRIES LIMITED SNEHA NITHIN DEV Key management personnel of entity or parent Remuneration 1500000 NIL 0 0 0
3 VISHWARAJ SUGAR INDUSTRIES LIMITED MUKESH KUMAR Key management personnel of entity or parent Remuneration 2400000 NIL 0 0 0
4 VISHWARAJ SUGAR INDUSTRIES LIMITED LAVA RAMESH KATTI Key management personnel of entity or parent Remuneration 2450000 NIL 0 0 0
5 VISHWARAJ SUGAR INDUSTRIES LIMITED VISHNUKUMAR MAHADEV KULKARNI Key management personnel of entity or parent Any other transaction Meeting Siting Fees 180000 NIL 0 0 0
6 VISHWARAJ SUGAR INDUSTRIES LIMITED MALLIKARJUN KADAYYA PUJAR Key management personnel of entity or parent Remuneration 541000 NIL 0 0 0
7 VISHWARAJ SUGAR INDUSTRIES LIMITED SHESHAGIRIH HANUMANTARAO KULKARNI Key management personnel of entity or parent Remuneration 511000 NIL 0 0 0
8 VISHWARAJ SUGAR INDUSTRIES LIMITED PRIYA DEDHIA Key management personnel of entity or parent Remuneration 206000 NIL 0 0 0
9 VISHWARAJ SUGAR INDUSTRIES LIMITED UR Agrofresh Private Limited Associates Sale of goods or services 7563000 NIL 0 0 0
10 VISHWARAJ SUGAR INDUSTRIES LIMITED UK 27 Hospitality Services (India) Limited Associates Sale of goods or services 76000 NIL 0 0 0
11 VISHWARAJ SUGAR INDUSTRIES LIMITED UK 27 Hospitality Services (India) Limited Associates Purchase of goods or services 113000 NIL 0 0 0
12 VISHWARAJ SUGAR INDUSTRIES LIMITED RAMESH VISHWANATH KATTI Key management personnel of entity or parent Purchase of goods or services 1515000 NIL 0 0 0
13 VISHWARAJ SUGAR INDUSTRIES LIMITED SHEELA UMESH KATTI Key management personnel of entity or parent Purchase of goods or services 6220000 NIL 0 0 0
14 VISHWARAJ SUGAR INDUSTRIES LIMITED NIKHIL UMESH KATTI Key management personnel of entity or parent Purchase of goods or services 1893000 NIL 0 0 0
15 VISHWARAJ SUGAR INDUSTRIES LIMITED LAVA RAMESH KATTI Key management personnel of entity or parent Purchase of goods or services 7676000 NIL 0 0 0
16 VISHWARAJ SUGAR INDUSTRIES LIMITED KUSH RAMESH KATTI Key management personnel of entity or parent Purchase of goods or services 11979000 NIL 0 0 0
17 VISHWARAJ SUGAR INDUSTRIES LIMITED JAYASHREE RAMESH KATTI Key management personnel of entity or parent Purchase of goods or services 327000 NIL 0 0 0
18 VISHWARAJ SUGAR INDUSTRIES LIMITED MALLIKARJUN KADAYYA PUJAR Key management personnel of entity or parent Purchase of goods or services 173000 NIL 0 0 0
19 VISHWARAJ SUGAR INDUSTRIES LIMITED RAMESH VISHWANATH KATTI Key management personnel of entity or parent Dividend paid 1196000 NIL 0 0 0
20 VISHWARAJ SUGAR INDUSTRIES LIMITED SHEELA UMESH KATTI Key management personnel of entity or parent Dividend paid 1027000 NIL 0 0 0
21 VISHWARAJ SUGAR INDUSTRIES LIMITED NIKHIL UMESH KATTI Key management personnel of entity or parent Dividend paid 4600000 NIL 0 0 0
22 VISHWARAJ SUGAR INDUSTRIES LIMITED LAVA RAMESH KATTI Key management personnel of entity or parent Dividend paid 1170000 NIL 0 0 0
23 VISHWARAJ SUGAR INDUSTRIES LIMITED KUSH RAMESH KATTI Key management personnel of entity or parent Dividend paid 1031000 NIL 0 0 0
24 VISHWARAJ SUGAR INDUSTRIES LIMITED JAYASHREE RAMESH KATTI Key management personnel of entity or parent Dividend paid 1133000 NIL 0 0 0
25 VISHWARAJ SUGAR INDUSTRIES LIMITED SNEHA NITHIN DEV Key management personnel of entity or parent Dividend paid 404000 NIL 0 0 0
Total value of transaction during the reporting period 0