Integrated Filing — IndAS



General information about company
Scrip Code 533292
NSE Symbol A2ZINFRA
MSEI Symbol NA
ISIN INE619I01012
Name of company A2Z Infra Engineering 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 22-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 Multi segment
Description of single segment
Start date and time of board meeting 28-May-2025   17:10:00
End date and time of board meeting 28-May-2025   18:30:00
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 906559000 3362675000
Other income 120013000 215924000
Total income 1026572000 3578599000
2 Expenses
(a) Cost of materials consumed 280790000 1332430000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 472651000 1672627000
(e) Finance costs 22526000 79561000
(f) Depreciation, depletion and amortisation expense 12539000 49310000
(f) Other Expenses
1 OTHER EXPENSES 62150000 271088000
Total other expenses 62150000 271088000
Total expenses 850656000 3405016000
3 Total profit before exceptional items and tax 175916000 173583000
4 Exceptional items -102880000 -53301000
5 Total profit before tax 73036000 120282000
6 Tax expense
7 Current tax 53332000 82360000
8 Deferred tax 7045000 7705000
9 Total tax expenses 60377000 90065000
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 12659000 30217000
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 -19873000
16 Total profit (loss) for period 12659000 10344000
17 Other comprehensive income net of taxes 44209000 44209000
18 Total Comprehensive Income for the period 56868000 54553000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 40127000 89731000
Total profit or loss, attributable to non-controlling interests -27468000 -79387000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 77695000 127299000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -20827000 -72746000
21 Details of equity share capital
Paid-up equity share capital 1761199000 1761199000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.23 0.51
Diluted earnings (loss) per share from continuing operations 0.23 0.51
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 0.23 0.51
Diluted earnings (loss) per share from continuing and discontinued operations 0.23 0.51
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 373106000
Capital work-in-progress 176694000
Investment property 0
Goodwill 356365000
Other intangible assets 54000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 243014000
Total non-current financial assets 243014000
Deferred tax assets (net) 113852000
Other non-current assets 419720000
Total non-current assets 1682805000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 1047971000
Cash and cash equivalents 39899000
Bank balance other than cash and cash equivalents 11605000
Loans, current 201237000
Other current financial assets 1315673000
Total current financial assets 2616385000
Current tax assets (net) 0
Other current assets 685053000
Total current assets 3301438000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4984243000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1761199000
Other equity -1495434000
Total equity attributable to owners of parent 265765000
Non controlling interest
Total equity 265765000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6926000
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 0
Total non-current financial liabilities 6926000
Provisions, non-current 246113000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 201282000
Total non-current liabilities 454321000
Current liabilities
Current financial liabilities
Borrowings, current 908529000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 48725000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2448733000
Total Trade payable 2497458000
Other current financial liabilities 337459000
Total current financial liabilities 3743446000
Other current liabilities 517374000
Provisions, current 2367000
Current tax liabilities (Net) 970000
Deferred government grants, Current 0
Total current liabilities 4264157000
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 4718478000
Total equity and liabilites 4984243000
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)
1 Segment - ES 125963000 485493000
2 Segment - FMS 605213000 2158174000
3 Segment - MSW 199384000 743009000
4 Segment-Other 1080000 1080000
Total Segment Revenue 931640000 3387756000
Less: Inter segment revenue 25081000 25081000
Revenue from operations 906559000 3362675000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Segment - ES -24394000 -15990000
2 Segment - FMS 115670000 182732000
3 Segment - MSW 76160000 49321000
4 Segment-Other 31006000 37081000
Total Profit before tax 198442000 253144000
i. Finance cost 21451000 21451000
ii. Other Unallocable Expenditure net off Unallocable income 1075000 1075000
Profit before tax 175916000 153710000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment - ES 2404180000 2404180000
2 Segment - FMS 890834000 890834000
3 Segment - MSW 554100000 554100000
4 Segment-Other 464507000 464507000
Total Segment Asset 4313621000 4313621000
Un-allocable Assets 670622000 670622000
Net Segment Asset 4984243000 4984243000
4 Segment Liabilities
Segment Liabilities
1 Segment - ES 2343186000 2343186000
2 Segment - FMS 552999000 552999000
3 Segment - MSW 1011638000 1011638000
4 Segment-Other 285725000 285725000
Total Segment Liabilities 4193548000 4193548000
Un-allocable Liabilities 524930000 524930000
Net Segment Liabilities 4718478000 4718478000
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 Items that will not be reclassified to profit and loss 44209000 44209000
Total Amount of items that will not be reclassified to profit and loss 44209000 44209000
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 0 0
5 Total Other comprehensive income 44209000 44209000



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 120282000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 70842000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 598453000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -92316000
Adjustments for decrease (increase) in other non-current assets 35054000
Adjustments for other financial assets, non-current -3014000
Adjustments for other financial assets, current 258333000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -267503000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -111061000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 49310000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -1262000
Adjustments for provisions, non-current -50687000
Adjustments for other financial liabilities, current 4332000
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 10523000
Adjustments for share-based payments 2566000
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 -1091000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -50818000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 430615000
Net cash flows from (used in) operations 550897000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 8753000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 542144000
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 1091000
Purchase of property, plant and equipment 33343000
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 99629000
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 7620000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -124261000
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 360171000
Payments of lease liabilities 1332000
Dividends paid 0
Interest paid 30886000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -392389000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 25494000
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 25494000
Cash and cash equivalents cash flow statement at beginning of period 14406000
Cash and cash equivalents cash flow statement at end of period 39900000





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 Disclaimer of 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 MRKS & Associates Yes 30-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 3578599000 3578599000
2 Total Expenditure 3405016000 3405016000
3 Net Profit/(Loss) 10344000 10344000
4 Earnings Per Share 0.51 0.51
5 Total Assets 4984243000 4984243000
6 Total Liabilities 4718478000 4718478000
7 Net Worth 264308000 264308000


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) Disclaimer of opinion Since how long continuing Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Disclaimer of opinion Since how long continuing Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block
Textual Information(1) As stated in note 8 to the accompanying Statement, the Holding Company has incurred a net loss after tax of Rs. 105.35 lakhs for the year ended 31st March 2025, and as of that date, the Holding Companys accumulated losses amount to Rs. 1,07,569.40 lakhs, which have resulted in substantial erosion of its net worth, and the current liabilities exceed current assets by Rs. 7,183.45 lakhs. Also, certain lenders have filed applications with the National Company Law Tribunal (NCLT), Debt Recovery Tribunal (DRT) and other courts for recovery of their dues as detailed in note 8. The Holding Company has also delayed in repayment of borrowings and payment of statutory dues and dues payable to other lenders, as further detailed in note 7. As confirmed by the management, the Holding Company has been in discussions with the lenders regarding settlement of their outstanding borrowings/dues. Further, the expected realisation of the amounts outstanding from certain customers, within the next 12 months, with whom the Holding Company is in discussions is uncertain in the absence of any confirmations from such customers. Such events & conditions and the possible impact of the associated uncertainties on management's assumptions, and other matters as set forth in the note 8, cast significant doubt on the Holding Company's ability to continue as a going concern. In the absence of sufficient appropriate audit evidence to support the management's assessment with respect to settlement of outstanding borrowings/dues and availability of funds, we are unable to comment on the ability of the Holding Company to continue as a going concern. Further, as stated in note 9 to the accompanying Statement, management indicates that a material uncertainty exists that may cast significant doubt on the Tanzania branch's ability to continue as a going concern. Our audit report on the consolidated financial results for the quarter and year ended 31st March 2024 dated 15th May 2024, our review report for the quarter ended 31st Dec 2024 dated 12th Feb 2025 also included a disclaimer of opinion and disclaimer of conclusion, respectively, in respect of this matter. n n
Textual Information(2) Not quantified by the auditor
Textual Information(3) Not ascertainable
Textual Information(4) The Holding Company has incurred a net loss after tax of Rs. 105.35 lakhs for the year ended March 31, 2025 and has accumulated losses amounting Rs. 1,07,569.40 lakhs as at March 31, 2025. At present, holding company is facing acute liquidity issues on account of delayed realization of trade receivables from the clients. Also, certain lenders have filed an application with the Debt Recovery Tribunal for recovery of its dues for which management believes that no additional liability shall devolve on the Holding Company in addition to the carrying value of such liability as at March 31, 2025. Further, two parties have also filed applications with the National Company Law Tribunal (NCLT) for recovery of their dues. The said outstandings are disputed in nature, and Holding Company is pursuing the same before the NCLT hence at present the said matters are sub-judice. Conditions explained above, indicate existence of uncertainties that may cast significant doubt on the Holding Companys ability to continue as a going concern due to which the Holding Company may not be able to realise its assets and discharge its liabilities in the normal course of business in future. However, the management is evaluating various options and has entered into one-time settlement agreements with various lenders, including interest and other related terms and conditions apart from further negotiating the terms with the remaining lenders for settlement of its existing debt obligations. Further the management is in discussions with certain customers for an immediate recovery of the amount due from them and believes that the substantial portion of such trade receivables shall be realized within the upcoming year. Management believes that the Holding Company will be able to settle its remaining debts in the due course and in view of the proposed settlement of debt obligations together with the expected increased realisation from the trade receivables, no adjustments are required in the consolidated financial result and accordingly, these have been prepared on a going concern basis n
Textual Information(5) Included in details of auditors qualification (Disclaimer of Opinion) stated above. n n
Textual Information(6) As stated in note 7 to the accompanying Statement, the Holding Company has outstanding borrowings from certain banks (referred to as the Lenders) which have been classified as non-performing assets (NPA borrowings), the Holding Company has not recognised interest for the quarter ended 31st March 2025 aggregating to Rs. 272.97 lakhs (accumulated interest as at 31st March 2025 being Rs. 3,788.34 lakhs), payable under the terms of the said agreements, as estimated by the management on the basis of expected re-negotiation with the Lenders. n nPending confirmations/ reconciliations from the Lenders and in the absence of sufficient appropriate evidence to substantiate management's assessment, we are unable to comment on the adjustments, if any, that may be required to the carrying values of the aforesaid borrowings and dues (including interest) payable to the Lenders in accordance with the terms of loan agreements and Settlement Agreement, and the consequential impact of such adjustments on the accompanying Statement. Our audit report on the consolidated financial results for the quarter and year ended 31st March 2024 dated 15th May 2024, our review report for the quarter ended 31st Dec 2024 dated 12th Feb 2025 also included a disclaimer of opinion and disclaimer of conclusion, respectively, in respect of this matter. n n
Textual Information(7) Not quantified by the auditor n n
Textual Information(8) Not ascertainable
Textual Information(9) The loan accounts of the Holding Company have been classified as Non-Performing Assets by certain banks and no interest has been charged on the said accounts. Further, the Holding Company has also not charged any interest on the said borrowings, therefore provision for interest has not been made in the books of accounts and to that extent interest costs and loan liabilities have been understated. The extent of exact amount is under determination and reconciliation with the bank, however as per the details available, the amount of unaccrued interest, on approximate basis, on the said loans amounts to Rs. 272.97 lakhs, Rs. 1,339.08 lakhs and Rs. 3,788.34 lakhs for the quarter ended March 31, 2025, year ended March 31, 2025 and as at March 31, 2025 respectively (Rs. 271.08 lakhs, Rs. 605.90 lakhs and Rs. 2,983.20 lakhs for the quarter ended December 31, 2024, March 31, 2024 and year ended March 31, 2024 respectively). The Holding Company has made one time settlement with certain lenders or already in discussion with the said banks for settlement of their dues. n
Textual Information(10) Included in details of auditors qualification (Disclaimer of Opinion) stated above. n n


Signatories detail
Name of CEO / Managing director Amit Mittal
Name of CFO Lalit Kumar
Name of audit committee chairman Atima Khanna
Name of statutory auditor MRKS & Associates
Name of other signatory, if any, with designation
Place Gurugram
Date 28-May-2025