Integrated Filing — IndAS



General information about company
Scrip Code 513108
NSE Symbol GANDHITUBE
MSEI Symbol NA
ISIN INE524B01027
Name of company GANDHI SPECIAL TUBES 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 28-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 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 METAL STEEL TUBE
Start date and time of board meeting 28-May-2025   16:00:00
End date and time of board meeting 28-May-2025   18:00:00
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 2025-02-10
Indicate Company website link for updated RPT policy of the Company https://www.gandhispecialtubes.com/cg/Policy%20on%20related%20party%20Transactions.pdf
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
na



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 433347000 1725368000
Other income 22409000 118877000
Total income 455756000 1844245000
2 Expenses
(a) Cost of materials consumed 147920000 603811000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 7893000 7798000
(d) Employee benefit expense 21195000 86699000
(e) Finance costs 1120000 1784000
(f) Depreciation, depletion and amortisation expense 8378000 33514000
(f) Other Expenses
1 POWER AND FUEL 27723000 125957000
2 Other Expenses 68418000 217210000
Total other expenses 96141000 343167000
Total expenses 282647000 1076773000
3 Total profit before exceptional items and tax 173109000 767472000
4 Exceptional items 0 0
5 Total profit before tax 173109000 767472000
6 Tax expense
7 Current tax 43300000 172580000
8 Deferred tax 10325000 8151000
9 Total tax expenses 53625000 180731000
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 119484000 586741000
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 119484000 586741000
17 Other comprehensive income net of taxes 3213000 818000
18 Total Comprehensive Income for the period 122697000 587559000
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 60760000 60760000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 2596603000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 9.83 48.28
Diluted earnings (loss) per share from continuing operations 9.83 48.28
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 9.83 48.28
Diluted earnings (loss) per share from continuing and discontinued operations 9.83 48.28
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
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 430213000
Capital work-in-progress 0
Investment property
Goodwill 0
Other intangible assets 194000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 1647350000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 290000
Total non-current financial assets 1647640000
Deferred tax assets (net)
Other non-current assets 9259000
Total non-current assets 2087306000
2 Current assets
Inventories 446406000
Current financial asset
Current investments 50243000
Trade receivables, current 219868000
Cash and cash equivalents 24311000
Bank balance other than cash and cash equivalents 13960000
Loans, current 0
Other current financial assets 4642000
Total current financial assets 313024000
Current tax assets (net)
Other current assets 13156000
Total current assets 772586000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2859892000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 60760000
Other equity 2596603000
Total equity attributable to owners of parent 2657363000
Non controlling interest
Total equity 2657363000
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
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 2105000
Total non-current financial liabilities 2105000
Provisions, non-current 22366000
Deferred tax liabilities (net) 79182000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 103653000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1464000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 16789000
Total Trade payable 18253000
Other current financial liabilities 36799000
Total current financial liabilities 55052000
Other current liabilities 35224000
Provisions, current 4125000
Current tax liabilities (Net) 4475000
Deferred government grants, Current 0
Total current liabilities 98876000
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 202529000
Total equity and liabilites 2859892000
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 Remeasurement[gain/(loss)] of Defined Employee- benefit liability 4294000 1093000
2 Income Tax on above -1081000 -275000
Total Amount of items that will not be reclassified to profit and loss 3213000 818000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 3213000 818000



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 767472000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -25899000
Adjustments for decrease (increase) in trade receivables, current -24114000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 7753000
Adjustments for decrease (increase) in other non-current assets -13076000
Adjustments for other financial assets, non-current -14000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 8009000
Adjustments for increase (decrease) in trade payables, current 0
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 33514000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 647000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
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) -80580000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -2261000
Other adjustments to reconcile profit (loss) 1361000
Other adjustments for non-cash items 1094000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -93566000
Net cash flows from (used in) operations 673906000
Dividends received 0
Interest paid -1784000
Interest received -19358000
Income taxes paid (refund) 185867000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 470465000
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 1700000
Purchase of property, plant and equipment 38043000
Proceeds from sales of investment property 568139000
Purchase of investment property 852976000
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 19358000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -301822000
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 0
Payments of lease liabilities 0
Dividends paid 157976000
Interest paid 1528000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -427000
Net cash flows from (used in) financing activities -159931000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8712000
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 8712000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period 8712000





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 M/S SV Doshi & Co. Yes 31-Jul-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 GANDHI SPECIAL TUBES LIMITED RANDEEP AUTOMOBILES Entity in which director has common control Sale of goods or services 50000000 Aggregate value approved by Audit Committee for sale and Job works is of Rs. 5 Crore 22119000 0 0
2 GANDHI SPECIAL TUBES LIMITED MANHAR. G. GANDHI Managing Director Remuneration Approval of Audit Committee is nnot require 16325000 9975000 19100000
3 GANDHI SPECIAL TUBES LIMITED RAHUL GANDHI Relative of Non Executive Director Any other transaction Salary 3000000 Approved 1255000 8000 17000
4 GANDHI SPECIAL TUBES LIMITED JAYESH M. GANDHI NON-EXECUTIVE DIRECTO Any other transaction Sitting Fees Not Applicable 125000 0 0
5 GANDHI SPECIAL TUBES LIMITED BHUPATRAI G. GANDHI NON-EXECUTIVE DIRECTO Any other transaction Sitting Fees Not Applicable 105000 0 0
6 GANDHI SPECIAL TUBES LIMITED HEMAL V SHAH NON-EXECUTIVE DIRECTO Any other transaction Sitting Fees Not Applicable 135000 0 0
7 GANDHI SPECIAL TUBES LIMITED VIRAL D DOSHI INDEPENDENT DIRECTOR Any other transaction Sitting Fees Not Applicable 130000 0 0
8 GANDHI SPECIAL TUBES LIMITED BHAVI J. KORADIA INDEPENDENT DIRECTOR Any other transaction Sitting Fees Not Applicable 65000 0 0
9 GANDHI SPECIAL TUBES LIMITED RITIKA D SHAH INDEPENDENT DIRECTOR Any other transaction Sitting Fees Not Applicable 65000 0 0
10 GANDHI SPECIAL TUBES LIMITED SHOBHANA R. VARTAK CFO Any other transaction SALARY Not Applicable 1049000 8000 17000
11 GANDHI SPECIAL TUBES LIMITED CHAITALI KACHALIA CS Any other transaction SALARY Not Applicable 326000 8000 17000
Total value of transaction during the reporting period 41699000