Integrated Filing — IndAS



General information about company
Scrip Code 504918
NSE Symbol SANDUMA
MSEI Symbol NA
ISIN INE149K01016
Name of company SANDUR MANGANESE & IRON ORES 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 23-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 Unaudited
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   14:00:00
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 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 2025-02-14
Indicate Company website link for updated RPT policy of the Company https://www.sandurgroup.com/downloads/Corporate-Governance/Policies/11-Policy-on-Related-Party-Transactions-Revised.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
There has been no default made or occured during the period under review.



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 Unaudited 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 5949500000 19385400000
Other income 80600000 726800000
Total income 6030100000 20112200000
2 Expenses
(a) Cost of materials consumed 657800000 3736700000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -1000000 -330700000
(d) Employee benefit expense 381700000 1592700000
(e) Finance costs 386200000 726200000
(f) Depreciation, depletion and amortisation expense 163300000 601000000
(f) Other Expenses
1 Other Expenses 2555200000 7818500000
Total other expenses 2555200000 7818500000
Total expenses 4143200000 14144400000
3 Total profit before exceptional items and tax 1886900000 5967800000
4 Exceptional items 0 0
5 Total profit before tax 1886900000 5967800000
6 Tax expense
7 Current tax 439800000 1466300000
8 Deferred tax 54100000 56300000
9 Total tax expenses 493900000 1522600000
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 1393000000 4445200000
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 1393000000 4445200000
17 Other comprehensive income net of taxes 1100000 -3700000
18 Total Comprehensive Income for the period 1394100000 4441500000
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 1620400000 1620400000
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 8.6 27.43
Diluted earnings (loss) per share from continuing operations 8.6 27.43
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 8.6 27.43
Diluted earnings (loss) per share from continuing and discontinued operations 8.6 27.43
24 Debt equity ratio 0.004 0.004
25 Debt service coverage ratio 0.0329 0.0459
26 Interest service coverage ratio 0.0631 0.1004
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 8389700000
Capital work-in-progress 1213800000
Investment property 426800000
Goodwill 0
Other intangible assets 6400000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 386400000
Non-current financial assets
Non-current investments 19668800000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 844600000
Total non-current financial assets 20513400000
Deferred tax assets (net)
Other non-current assets 740800000
Total non-current assets 31677300000
2 Current assets
Inventories 3228300000
Current financial asset
Current investments 1520300000
Trade receivables, current 11600000
Cash and cash equivalents 25300000
Bank balance other than cash and cash equivalents 309400000
Loans, current 10300000
Other current financial assets 2174200000
Total current financial assets 4051100000
Current tax assets (net)
Other current assets 250600000
Total current assets 7530000000
3 Non-current assets classified as held for sale 113600000
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 39320900000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1620400000
Other equity 24228500000
Total equity attributable to owners of parent 25848900000
Non controlling interest
Total equity 25848900000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 9206800000
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 15500000
Total non-current financial liabilities 9222300000
Provisions, non-current 312800000
Deferred tax liabilities (net) 77800000
Deferred government grants, Non-current
Other non-current liabilities 10700000
Total non-current liabilities 9623600000
Current liabilities
Current financial liabilities
Borrowings, current 998600000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 110300000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1075900000
Total Trade payable 1186200000
Other current financial liabilities 365900000
Total current financial liabilities 2550700000
Other current liabilities 1183400000
Provisions, current 114300000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3848400000
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 13472000000
Total equity and liabilites 39320900000
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 Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Mining 5266400000 16148900000
2 Ferroalloys 165800000 1235500000
3 Coke and energy 570800000 2354600000
4 Unallocable 8200000 34400000
Total Segment Revenue 6011200000 19773400000
Less: Inter segment revenue 61700000 61700000
Revenue from operations 5949500000 19385400000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Mining 2527700000 7837900000
2 Ferroalloys -4800000 -20900000
3 Coke and energy -108400000 -914200000
4 Unallocable 0 0
Total Profit before tax 2414500000 6902800000
i. Finance cost 386200000 386200000
ii. Other Unallocable Expenditure net off Unallocable income 141400000 141400000
Profit before tax 1886900000 5967800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Mining 2653300000 2653300000
2 Ferroalloys 2177300000 2177300000
3 Coke and energy 5479100000 5479100000
4 Unallocable 29011200000 29011200000
Total Segment Asset 39320900000 39320900000
Un-allocable Assets 0 0
Net Segment Asset 39320900000 39320900000
4 Segment Liabilities
Segment Liabilities
1 Mining 2483700000 2483700000
2 Ferroalloys 212600000 212600000
3 Coke and energy 365800000 365800000
4 Unallocable 10409900000 10409900000
Total Segment Liabilities 13472000000 13472000000
Un-allocable Liabilities 0 0
Net Segment Liabilities 13472000000 13472000000
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 Unaudited 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 of post-employment benefit obligations 1500000 -4900000
Total Amount of items that will not be reclassified to profit and loss 1500000 -4900000
2 Income tax relating to items that will not be reclassified to profit or loss 400000 -1200000
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 1100000 -3700000



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 5967800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 726200000
Adjustments for decrease (increase) in inventories 654100000
Adjustments for decrease (increase) in trade receivables, current 348400000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 132100000
Adjustments for decrease (increase) in other non-current assets -12100000
Adjustments for other financial assets, non-current -8000000
Adjustments for other financial assets, current -1900000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -159900000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 109700000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 601000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 64000000
Adjustments for provisions, non-current -35700000
Adjustments for other financial liabilities, current 251200000
Adjustments for other financial liabilities, non-current -2400000
Adjustments for unrealised foreign exchange losses gains 1300000
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) -362500000
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) 2305500000
Net cash flows from (used in) operations 8273300000
Dividends received -100000
Interest paid 0
Interest received -333300000
Income taxes paid (refund) 1347400000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 6592500000
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 19144100000
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 653400000
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 100000
Interest received 462700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 4535000000
Net cash flows from (used in) investing activities -14799700000
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 9500000000
Repayments of borrowings 523300000
Payments of lease liabilities 8300000
Dividends paid 162200000
Interest paid 804000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 8002200000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -205000000
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 -205000000
Cash and cash equivalents cash flow statement at beginning of period 230300000
Cash and cash equivalents cash flow statement at end of period 25300000





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 Deloitte Haskins & Sells Yes 30-Apr-2028


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 The Sandur Manganese & Iron Ores Limited SMIORE Employees Provident Fund Trust Post employment benefit plan entity Any other transaction Contribution for Employee Provident Fund 150000000 Omnibus approval 61828000 -9980000 -10331000
2 The Sandur Manganese & Iron Ores Limited SMIORE Gratuity Fund Trust Post employment benefit plan entity Any other transaction Contribution to Gratuity Fund Trust 75000000 Omnibus approval 20000000 45831000 -35653000
3 The Sandur Manganese & Iron Ores Limited Lohagiri Industrials Private Limited Promoter Group Purchase of goods or services 4000000000 Omnibus approval 284947000 -8075000 -53003000
4 The Sandur Manganese & Iron Ores Limited Sandur Laminates Limited Public company where relativenof a director is a director Any other transaction Purchase of goods or services and lease rent 30000000 Omnibus approval 739000 428000 -486000
5 The Sandur Manganese & Iron Ores Limited Sandur Dairy Farm A firm, in which a director, manager or his relative is a partner Purchase of goods or services 1500000 Omnibus approval 126000 -13000 -18000
6 The Sandur Manganese & Iron Ores Limited Sandur Udyog Private Limited Promoter Group Any other transaction Purchase of goods or services and lease rent 150000000 Omnibus approval 17778000 -2984000 -3288000
7 The Sandur Manganese & Iron Ores Limited Sandur Sales and Service PrivatenLimited Promoter Group Purchase of goods or services 160000000 Omnibus approval 47297000 -10320000 -10715000
8 The Sandur Manganese & Iron Ores Limited Euro Industrial Enterprises Private Limited Promoter Group Any other transaction Purchase of goods or services and lease rent 40000000 Omnibus approval 2950000 19265000 19621000
9 The Sandur Manganese & Iron Ores Limited Sandur Kushala Kala Kendra Entity controlled by KMP or his relatives Purchase of goods or services 5000000 Omnibus approval 641000 0 15000
10 The Sandur Manganese & Iron Ores Limited Skand Private Limited Promoter and HoldingnCompany Any other transaction Lease Rent 1100000 Omnibus approval 472000 29347000 29247000
11 The Sandur Manganese & Iron Ores Limited Ajai M Ghorpade Promoter Any other transaction Lease Rent 1500000 Omnibus approval 834000 -112000 -253000
12 The Sandur Manganese & Iron Ores Limited S Y Ghorpade Promoter Any other transaction Lease Rent 4000000 Omnibus approval 2117000 -244000 -256000
13 The Sandur Manganese & Iron Ores Limited Yashodara S Ghorpade Promoter Group Any other transaction Lease Rent 3500000 Omnibus approval 1683000 -227000 -240000
14 The Sandur Manganese & Iron Ores Limited Shivavilas Trust Entity over which KMP or his relative have significant influence Any other transaction Lease Rent 1500000 Omnibus approval 638000 -367000 -108000
15 The Sandur Manganese & Iron Ores Limited Shivapur Shikshana Samiti Entity over which KMP or his relative have significant influence (CSR Implementing Agency) Any other transaction Lease Rent and CSR Expenditure 1500000 Omnibus approval 2610000 -99000 -289000
16 The Sandur Manganese & Iron Ores Limited Karnataka Seva Sangha Entity controlled by KMP or his relatives (CSR Implementing Agency) Any other transaction CSR Expenditure 120000000 Omnibus approval 55204000 0 0
17 The Sandur Manganese & Iron Ores Limited Renew Sandur Green Energy Private Limited Associate company Purchase of goods or services 500000000 Omnibus approval 186599000 -35064000 -66508000
18 The Sandur Manganese & Iron Ores Limited T. R. Raghunandan Director Any other transaction Sitting Fees & Commission Not Applicable 2980000 0 -2500000
19 The Sandur Manganese & Iron Ores Limited G. P. Kundargi Director Any other transaction Sitting Fees & Commission Not Applicable 3020000 0 -2500000
20 The Sandur Manganese & Iron Ores Limited Latha Pillai Director Any other transaction Sitting Fees & Commission Not Applicable 2970000 0 -2500000
21 The Sandur Manganese & Iron Ores Limited H. L. Shah Director Any other transaction Sitting Fees & Commission Not Applicable 3040000 0 -2500000
22 The Sandur Manganese & Iron Ores Limited Jagadish Rao Kote Director Any other transaction Sitting Fees & Commission Not Applicable 308000 0 -308000
23 The Sandur Manganese & Iron Ores Limited Anand Sen Director Any other transaction Sitting Fees & Commission Not Applicable 2739000 0 -2199000
24 The Sandur Manganese & Iron Ores Limited Mohammed Abdul Saleem Director Any other transaction Remuneration, Sitting Fees & Commission Approved 3020000 0 -2500000
25 The Sandur Manganese & Iron Ores Limited Bahirji Ajai Ghorpade Promoter, Director and KMP Any other transaction Remuneration & Commission Approved 43392000 -2942000 -6050000
26 The Sandur Manganese & Iron Ores Limited Uttam Kumar Bhageria Chief Financial Officer & Chief Risk Officer (KMP) Remuneration Approved 12703000 -992000 -1185000
27 The Sandur Manganese & Iron Ores Limited Krishnendu Sanyal Chief Executive Officer Remuneration Approved 12914000 -1307000 0
28 The Sandur Manganese & Iron Ores Limited Arjas Steel Private Limited Subsidiary Any other transaction Sale of goods or services & Interest income 900000000 Omnibus approval 159671000 0 31000
29 The Sandur Manganese & Iron Ores Limited Arjas Steel Private Limited Subsidiary Investment 20000000000 Approved 19144100000 0 19144100000
30 The Sandur Manganese & Iron Ores Limited Mohammed Abdul Saleem Promoter Group, Director Purchase of goods or services 10000000 Approved 9811000 0 -450000
31 The Sandur Manganese & Iron Ores Limited Aditya Shivrao Ghorpade Promoter Group Remuneration Approved 2420000 11000 31000
32 The Sandur Manganese & Iron Ores Limited Dhananjai Shivrao Ghorpade Promoter Group Remuneration Approved 1890000 -225000 -204000
33 The Sandur Manganese & Iron Ores Limited Neha Thomas Company Secretary & Compliance Officer (KMP) Remuneration Approved 862000 0 -126000
Total value of transaction during the reporting period 20092303000