Integrated Filing — IndAS



General information about company
Scrip Code 532867
NSE Symbol V2RETAIL
MSEI Symbol NOTLISTED
ISIN INE945H01013
Name of company V2 RETAIL 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 Retail Trade of Apparel & Non Apparel
Start date and time of board meeting 27-May-2025   16:25:00
End date and time of board meeting 27-May-2025   21:10:00
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 Statement on impact of audit qualification
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 2025-05-27
Indicate Company website link for updated RPT policy of the Company https://v2retail.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
No Default was made by the Company during the year.



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 4985131000 18844952000
Other income 13177000 53710000
Total income 4998308000 18898662000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 4266427000 15331015000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -600107000 -1661831000
(d) Employee benefit expense 384666000 1381365000
(e) Finance costs 209458000 662272000
(f) Depreciation, depletion and amortisation expense 271624000 947394000
(f) Other Expenses
1 Other Expenses 361418000 1271365000
Total other expenses 361418000 1271365000
Total expenses 4893486000 17931580000
3 Total profit before exceptional items and tax 104822000 967082000
4 Exceptional items 0 0
5 Total profit before tax 104822000 967082000
6 Tax expense
7 Current tax 47081000 277476000
8 Deferred tax -8916000 -19352000
9 Total tax expenses 38165000 258124000
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 66657000 708958000
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 66657000 708958000
17 Other comprehensive income net of taxes 162000 -4217000
18 Total Comprehensive Income for the period 66819000 704741000
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 345893000 345893000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 3104148000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.93 20.5
Diluted earnings (loss) per share from continuing operations 1.93 20.5
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 1.93 20.5
Diluted earnings (loss) per share from continuing and discontinued operations 1.93 20.5
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 1925531000
Capital work-in-progress 41500000
Investment property 6491403000
Goodwill 0
Other intangible assets 2617000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 150000000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 132138000
Total non-current financial assets 282138000
Deferred tax assets (net) 303565000
Other non-current assets 267225000
Total non-current assets 9313979000
2 Current assets
Inventories 5261763000
Current financial asset
Current investments 0
Trade receivables, current 118000
Cash and cash equivalents 75550000
Bank balance other than cash and cash equivalents 3898000
Loans, current 0
Other current financial assets 102296000
Total current financial assets 181862000
Current tax assets (net)
Other current assets 1013654000
Total current assets 6457279000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 15771258000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 345893000
Other equity 3104148000
Total equity attributable to owners of parent 3450041000
Non controlling interest
Total equity 3450041000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 126865000
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 6931430000
Total non-current financial liabilities 7058295000
Provisions, non-current 81192000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 7139487000
Current liabilities
Current financial liabilities
Borrowings, current 956408000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 394678000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2922286000
Total Trade payable 3316964000
Other current financial liabilities 773709000
Total current financial liabilities 5047081000
Other current liabilities 58604000
Provisions, current 38928000
Current tax liabilities (Net) 37117000
Deferred government grants, Current
Total current liabilities 5181730000
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 12321217000
Total equity and liabilites 15771258000
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
1 Item that will not be reclassified to profit and loss 216000 -5635000
Total Amount of items that will not be reclassified to profit and loss 216000 -5635000
2 Income tax relating to items that will not be reclassified to profit or loss 54000 -1418000
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 162000 -4217000



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 967082000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 436000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -354103000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -1624724000
Adjustments for other financial assets, current -53736000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 1744736000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 21898000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 947394000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 24153000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 131891000
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) -61760000
Other adjustments for non-cash items 662272000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1438457000
Net cash flows from (used in) operations 2405539000
Dividends received 0
Interest paid 0
Interest received -11466000
Income taxes paid (refund) 249536000
Other inflows (outflows) of cash -15642000
Net cash flows from (used in) operating activities 2128895000
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 16196000
Purchase of property, plant and equipment 1299859000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 360000
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 596000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 545000
Net cash flows from (used in) investing activities -1282882000
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 322289000
Repayments of borrowings 13190000
Payments of lease liabilities 496370000
Dividends paid 0
Interest paid 645300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -832571000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 13442000
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 13442000
Cash and cash equivalents cash flow statement at beginning of period 62108000
Cash and cash equivalents cash flow statement at end of period 75550000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified 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
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 Singhi & Co. Yes 31-Aug-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 18898662000 18898662000
2 Total Expenditure 17931581000 17931581000
3 Net Profit/(Loss) 708957000 708957000
4 Earnings Per Share 20.5 20.5
5 Total Assets 15771371000 15771371000
6 Total Liabilities 12321328000 12321328000
7 Net Worth 3450041000 3450041000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) The audit report of statutory auditors includes following qualification on the audited financial statements/results for the quarter/year ended March 31, 2025: n nAs described in Note 7 to the accompanying standalone financial results, the Company had performed physical verification of property, plant and equipment during the year ended March 31, 2023 in accordance with the phased program of conducting such verification over a period of 3 years. However, the Company is in process of performing related reconciliation of such physical verification with the underlying fixed asset register maintained by the Company. Pending completion of the said reconciliation, we are unable to comment on any adjustment that may be required to the carrying value of such Property, Plant and Equipment as at March 31, 2025. Our opinion on the standalone financial results for the quarter and year ended March 31, 2025 is qualified in respect of this matter.
Textual Information(2) Not Applicable
Textual Information(3) Not Quantified
Textual Information(4) As described in Note 7 to the accompanying standalone financial results, the Company had performed physical verification of property, plant and equipment during the year ended March 31, 2023 in accordance with the phased program of conducting such verification over a period of 3 years. However, the Company is in process of performing related reconciliation of such physical verification with the underlying fixed asset register maintained by the Company. However, the management does not foresee resultant treatment to be material in the financial statement.
Textual Information(5) Since management could not ascertain the impact, the auditor has unable to given comment on any adjustment that may be required to the carrying value of such Property, Plant and Equipment as at March 31, 2025.


Signatories detail
Name of CEO / Managing director RAM CHANDRA AGARWAL
Name of CFO PRATIK ADUKIA
Name of audit committee chairman ARCHANA SURENDRA YADAV
Name of statutory auditor BIMAL KUMAR SIPANI
Name of other signatory, if any, with designation
Place GURGAON
Date 27-May-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 V2 Retail Limited MR. RAM CHANDRA AGARWAL Chairman & Managing Director Remuneration Approved 0 500000 0
2 V2 Retail Limited MR. AKASH AGARWAL Whole-time Director Remuneration Approved 6000000 808000 500000
3 V2 Retail Limited MRS. UMA AGARWAL Whole-time Director Remuneration Approved 0 450000 0
4 V2 Retail Limited V2 Smart Manufacturing Private Limited Wholly Owned Subsidiary Sale of fixed assets Approved 10486000 21146000 0
5 V2 Retail Limited V2 Smart Manufacturing Private Limited Wholly Owned Subsidiary Purchase of goods or services Approved 2161460000 287358000 295714000
6 V2 Retail Limited V2 Smart Manufacturing Private Limited Wholly Owned Subsidiary Advance Approved 31632000 0 0
Total value of transaction during the reporting period 2209578000