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 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 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



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 4985131000 18844952000
Other income 18644000 69601000
Total income 5003775000 18914553000
2 Expenses
(a) Cost of materials consumed 62231000 989568000
(b) Purchases of stock-in-trade 4116625000 13325833000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -604450000 -1462669000
(d) Employee benefit expense 422933000 1591959000
(e) Finance costs 214022000 679098000
(f) Depreciation, depletion and amortisation expense 279352000 986498000
(f) Other Expenses
1 Jobwork Charges 31490000 433123000
2 Printing, Washing & Other Direct Charges 2417000 46563000
3 Other Expenses 375703000 1342391000
Total other expenses 409610000 1822077000
Total expenses 4900323000 17932364000
3 Total profit before exceptional items and tax 103452000 982189000
4 Exceptional items 0 0
5 Total profit before tax 103452000 982189000
6 Tax expense
7 Current tax 44080000 278229000
8 Deferred tax -4984000 -16364000
9 Total tax expenses 39096000 261865000
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 64356000 720324000
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 64356000 720324000
17 Other comprehensive income net of taxes -114000 -4492000
18 Total Comprehensive Income for the period 64242000 715832000
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 3117076000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.86 20.83
Diluted earnings (loss) per share from continuing operations 1.86 20.83
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 1.86 20.83
Diluted earnings (loss) per share from continuing and discontinued operations 1.86 20.83
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 2100905000
Capital work-in-progress 41500000
Investment property 6524156000
Goodwill 0
Other intangible assets 5597000
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 14112000
Other non-current financial assets 153519000
Total non-current financial assets 167631000
Deferred tax assets (net) 306547000
Other non-current assets 273339000
Total non-current assets 9419675000
2 Current assets
Inventories 5582381000
Current financial asset
Current investments 0
Trade receivables, current 965000
Cash and cash equivalents 90138000
Bank balance other than cash and cash equivalents 3898000
Loans, current 0
Other current financial assets 101480000
Total current financial assets 196481000
Current tax assets (net)
Other current assets 1085053000
Total current assets 6863915000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 16283590000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 345893000
Other equity 3117076000
Total equity attributable to owners of parent 3462969000
Non controlling interest
Total equity 3462969000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 189199000
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 6965925000
Total non-current financial liabilities 7155124000
Provisions, non-current 82990000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 7238114000
Current liabilities
Current financial liabilities
Borrowings, current 966620000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 397079000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3296741000
Total Trade payable 3693820000
Other current financial liabilities 783734000
Total current financial liabilities 5444174000
Other current liabilities 61503000
Provisions, current 39100000
Current tax liabilities (Net) 37730000
Deferred government grants, Current
Total current liabilities 5582507000
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 12820621000
Total equity and liabilites 16283590000
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
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 117000 5967000
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 -3000 -1475000
5 Total Other comprehensive income -114000 -4492000



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 982189000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 679098000
Adjustments for decrease (increase) in inventories -1356489000
Adjustments for decrease (increase) in trade receivables, current -411000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -606362000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -70612000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 1781130000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 21049000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 986498000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 21668000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 132948000
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 -79390000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1509127000
Net cash flows from (used in) operations 2491316000
Dividends received 0
Interest paid 0
Interest received -13295000
Income taxes paid (refund) 248497000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 2229524000
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 49965000
Purchase of property, plant and equipment 1343530000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 636000
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 -13255000
Net cash flows from (used in) investing activities -1306860000
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 198675000
Repayments of borrowings -48591000
Payments of lease liabilities 512325000
Dividends paid 0
Interest paid 661950000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -927009000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -4345000
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 -4345000
Cash and cash equivalents cash flow statement at beginning of period 94483000
Cash and cash equivalents cash flow statement at end of period 90138000





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 18914553000 18914553000
2 Total Expenditure 17932069000 17932069000
3 Net Profit/(Loss) 723019000 723019000
4 Earnings Per Share 20.9 20.9
5 Total Assets 16339311000 16339311000
6 Total Liabilities 12873646000 12873646000
7 Net Worth 3465662000 3465662000


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 consolidated 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 consolidated 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 consolidated 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