Integrated Filing — IndAS



General information about company
Scrip Code 544204
NSE Symbol VRAJ
MSEI Symbol NOTLISTED
ISIN INE0S2V01010
Name of company VRAJ IRON AND STEEL 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 20-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 The Company is in the business of manufacturing of steel products and hence has only one reportable operating segment as per Ind AS 108 operating Segment.
Start date and time of board meeting 27-May-2025   13:30:00
End date and time of board meeting 27-May-2025   15:40:00
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 1530070000 4750310000
Other income 10700000 38290000
Total income 1540770000 4788600000
2 Expenses
(a) Cost of materials consumed 1143370000 3447730000
(b) Purchases of stock-in-trade 0 7920000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 16190000 -22270000
(d) Employee benefit expense 34420000 110770000
(e) Finance costs 3200000 15530000
(f) Depreciation, depletion and amortisation expense 36780000 79290000
(f) Other Expenses
1 other Expenses 172450000 583980000
Total other expenses 172450000 583980000
Total expenses 1406410000 4222950000
3 Total profit before exceptional items and tax 134360000 565650000
4 Exceptional items 0 0
5 Total profit before tax 134360000 565650000
6 Tax expense
7 Current tax 24870000 127480000
8 Deferred tax 10510000 19860000
9 Total tax expenses 35380000 147340000
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 98980000 418310000
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 1160000 22560000
16 Total profit (loss) for period 100140000 440870000
17 Other comprehensive income net of taxes 1950000 15560000
18 Total Comprehensive Income for the period 102090000 456430000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 329830000 329830000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 3639470000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.24 14.28
Diluted earnings (loss) per share from continuing operations 3.24 14.28
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 3.24 14.28
Diluted earnings (loss) per share from continuing and discontinued operations 3.24 14.28
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) 1. The financial results of the company for the quarter and year ended 31st March, 2025 have been reviewed by the Audit Committee and Approved by the Board of Directors at their respective meetings held on 27th May, 2025.tttttt n2. The financial results have been prepared in accordance with Indian Accounting Standard (IND AS) notified under section 133 of the companies Act, 2013, read together with relevant rules issued there under and other accounting principles generally accepted in India.tttttt n3. The Company is in the business of manufacturing of steel products and hence has only one reportable operating segment as per Ind AS 108 operating Segment. Therefore, the segment wise reporting is not requirettt n4.The Associates company has been consolidated under equity method as prescribed under Ind AS 28 - Investments in Associates and Joint Venture.tttttt n5. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures for the full financial year and the published year to date figures up to the third quarter of the respective financial year. The figures for the quarter ended December 31, 2024 are the balancing figures between the published figures for the nine months ended December 31, 2024 and unaudited figures of half year ended September 30, 2024.tttttt n6. The Company has completed its initial Public Offer (IPO) being 100% Fresh Issue of 82,60,869 equity shares of face value of INR 10 each at an issue price of INR 207 per share. (including premium of Rs.197 per share). Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 3rd July, 2024.tttttt n7. The figures for the corresponding previous period have been regrouped/rearranged wherever found necessary.tttttt n8. The above results are also available on www.vrajtmt.in,www.bseindia.com and www.nseindia.com.tttttt n



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 1950570000
Capital work-in-progress 33060000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 960000
Biological assets other than bearer plants 0
Investments accounted for using equity method 355880000
Non-current financial assets
Non-current investments 23250000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 83660000
Total non-current financial assets 106910000
Deferred tax assets (net) 0
Other non-current assets 341770000
Total non-current assets 2789150000
2 Current assets
Inventories 507420000
Current financial asset
Current investments 0
Trade receivables, current 211900000
Cash and cash equivalents 10960000
Bank balance other than cash and cash equivalents 387690000
Loans, current 230000
Other current financial assets 2780000
Total current financial assets 613560000
Current tax assets (net) 0
Other current assets 263290000
Total current assets 1384270000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4173420000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 329830000
Other equity 3639470000
Total equity attributable to owners of parent 3969300000
Non controlling interest
Total equity 3969300000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
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 14140000
Total non-current financial liabilities 14140000
Provisions, non-current 9190000
Deferred tax liabilities (net) 50470000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 73800000
Current liabilities
Current financial liabilities
Borrowings, current 8670000
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 80740000
Total Trade payable 80740000
Other current financial liabilities 9360000
Total current financial liabilities 98770000
Other current liabilities 23610000
Provisions, current 600000
Current tax liabilities (Net) 7340000
Deferred government grants, Current 0
Total current liabilities 130320000
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 204120000
Total equity and liabilites 4173420000
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 Remeasuremnt of defined benefits obilgation 2650000 2650000
2 Fair valuation of investmeny in Equity Shares through OCI 0 15890000
3 Incom e Tax Credit/ Expenses for revaluation Of investment Shares of other Comprehensive Inco e In associates -30000 -30000
Total Amount of items that will not be reclassified to profit and loss 2620000 18510000
2 Income tax relating to items that will not be reclassified to profit or loss 670000 2950000
3 Amount of items that will be reclassified to profit and loss
1 Fair Valuation Of investment in Equity Shares Through OCI 0 0
2 income Tax Credit/ Expenses for revaluation of Investment 0 0
Total Amount of items that will be reclassified to profit and loss 0 0
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 1950000 15560000



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 565650000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 15530000
Adjustments for decrease (increase) in inventories -88700000
Adjustments for decrease (increase) in trade receivables, current -96640000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -125520000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -42730000
Adjustments for other financial assets, current 110000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -21700000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 17050000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 79290000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 2810000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -1580000
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 35210000
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) -297290000
Net cash flows from (used in) operations 268360000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 132010000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 136350000
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 45200000
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 46520000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1029860000
Net cash flows from (used in) investing activities -1028540000
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 1526030000
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 609850000
Payments of lease liabilities 1570000
Dividends paid 0
Interest paid 13960000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 900650000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8460000
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 8460000
Cash and cash equivalents cash flow statement at beginning of period 2500000
Cash and cash equivalents cash flow statement at end of period 10960000





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 Amitabh Agrawal & Co Yes 30-Apr-2026