Integrated Filing — IndAS



General information about company
Scrip Code 500214
NSE Symbol IONEXCHANG
MSEI Symbol NOTLISTED
ISIN INE570A01022
Name of company Ion Exchange (India) 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 Consolidated
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   15:00:00
End date and time of board meeting 28-May-2025   23:00:00
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



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 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 8345600000 27371100000
Other income 148400000 486100000
Total income 8494000000 27857200000
2 Expenses
(a) Cost of materials consumed 5232500000 16355400000
(b) Purchases of stock-in-trade 295100000 1078100000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -115200000 -179400000
(d) Employee benefit expense 889000000 3415300000
(e) Finance costs 36100000 134600000
(f) Depreciation, depletion and amortisation expense 118300000 444900000
(f) Other Expenses
1 Other Expenses 1185800000 3763500000
Total other expenses 1185800000 3763500000
Total expenses 7641600000 25012400000
3 Total profit before exceptional items and tax 852400000 2844800000
4 Exceptional items 0 0
5 Total profit before tax 852400000 2844800000
6 Tax expense
7 Current tax 250200000 768800000
8 Deferred tax -31200000 3500000
9 Total tax expenses 219000000 772300000
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 633400000 2072500000
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 -1000000 10000000
16 Total profit (loss) for period 632400000 2082500000
17 Other comprehensive income net of taxes 9200000 1700000
18 Total Comprehensive Income for the period 641600000 2084200000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 633500000 2078100000
Total profit or loss, attributable to non-controlling interests -1100000 4400000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 642700000 2077400000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -1100000 6800000
21 Details of equity share capital
Paid-up equity share capital 142300000 142300000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 11936500000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.34 17.53
Diluted earnings (loss) per share from continuing operations 5.34 17.53
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 5.34 17.53
Diluted earnings (loss) per share from continuing and discontinued operations 5.34 17.53
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) Notes: n n1) The consolidated financial results include the results of its subsidiaries - Aqua Investments (India) Limited, Ion Exchange And Company LLC, Ion Exchange Arabia for Water, Ion Exchange Asia Pacific Pte. Ltd. (Consolidated), Ion Exchange Enviro Farms Limited (IEEFL), Ion Exchange Environment Management (BD) Limited, Ion Exchange Europe LDA, Ion Exchange LLC, Ion Exchange Projects And Engineering Limited, Ion Exchange Purified Drinking Water Private Limited, Ion Exchange Safic Pty. Limited, Ion Exchange WTS (Bangladesh) Limited, Mapril - Produtos Químicos e Máquinas Para A Industria LDA, Total Water Management Services (India) Limited and Watercare Investments (India) Limited. n n2) The above consolidated financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee at a meeting held on 28th May 2025 and approved by the Board of Directors at their meeting held on 28th May 2025. The financial results are prepared in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. n n3) The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures upto the third quarter ended 31st December of the respective years which were subjected to limited review. n n4) Earnings per equity share includes Ind AS impact of consolidation of 23,689,390 equity shares of INR 1 each and 46,750 equity shares of INR 1 each held by IEI Shareholding (Staff Welfare) Trusts and HMIL Shareholding (Staff Welfare) Trusts respectively. n n5) Cost of material consumed includes direct expenses incurred on contracts of INR 8,864 Lacs for the year ended 31st March 2025 (2023-24 : INR 7,137 Lacs) n n6) With respect to the ongoing matter with SEBI of IEEFL (a subsidiary of the Company), the Company’s appeal filed in Supreme Court came up for hearing on 6th December 2021. The Court considered report of SEBI empaneled Auditor who was appointed by IEEFL. After detailed hearing, Supreme Court while disposing off the matter, granted liberty to IEEFL to approach SEBI requesting to reconsider the matter by producing additional material, which has been duly complied. SEBI has thereafter appointed Auditors to submit report thereon. Auditors have submitted their report to SEBI. Based on the report SEBI sought certain clarifications and IEEFL has provided clarifications in the matter. SEBI vide letter dated 16th May 2024 has directed IEEFL to deposit an amount of INR 2,202 Lacs towards repayment of money to the Investors. IEEFL has represented to SEBI to reconsider the matter in line with the Audit findings. SEBI vide email dated 7th August 2024 rejected company’s request. Company has filed appeal with SAT which came up for hearing on 17th October 2024. In the hearing the counsel for SEBI made a statement that SEBI will not initiate any recovery proceedings till the next date of hearing. SEBI filed its reply and IEEFL has filed its rejoinder. The matter will come up for hearing on 29th July 2025. IEEFL does not envisage any liability on this account. The auditors of the IEEFL has included an 'Emphasis of matter' in their audit report on this account. 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 3673700000
Capital work-in-progress 3177900000
Investment property
Goodwill 102100000
Other intangible assets 146700000
Intangible assets under development 56300000
Biological assets other than bearer plants
Investments accounted for using equity method 68400000
Non-current financial assets
Non-current investments 59400000
Trade receivables, non-current 7200000
Loans, non-current 0
Other non-current financial assets 154200000
Total non-current financial assets 220800000
Deferred tax assets (net) 76900000
Other non-current assets 543800000
Total non-current assets 8066600000
2 Current assets
Inventories 2989900000
Current financial asset
Current investments 4100000
Trade receivables, current 11339100000
Cash and cash equivalents 1492900000
Bank balance other than cash and cash equivalents 3165100000
Loans, current 53400000
Other current financial assets 132500000
Total current financial assets 16187100000
Current tax assets (net) 5300000
Other current assets 2620400000
Total current assets 21802700000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 29869300000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 142300000
Other equity 11936500000
Total equity attributable to owners of parent 12078800000
Non controlling interest 16100000
Total equity 12094900000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2520600000
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 276600000
Total non-current financial liabilities 2797200000
Provisions, non-current 207700000
Deferred tax liabilities (net) 88000000
Deferred government grants, Non-current
Other non-current liabilities 0
Total non-current liabilities 3092900000
Current liabilities
Current financial liabilities
Borrowings, current 509600000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 601100000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7188700000
Total Trade payable 7789800000
Other current financial liabilities 996700000
Total current financial liabilities 9296100000
Other current liabilities 5199800000
Provisions, current 78000000
Current tax liabilities (Net) 107600000
Deferred government grants, Current
Total current liabilities 14681500000
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 17774400000
Total equity and liabilites 29869300000
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 Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Engineering 5553200000 17038200000
2 Chemicals 2228000000 8183500000
3 Consumer Productst 778600000 2901500000
4 Others 100000 100000
5 Unallocated 10900000 11100000
Total Segment Revenue 8570800000 28134400000
Less: Inter segment revenue 225200000 225200000
Revenue from operations 8345600000 27371100000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Engineering 412000000 1091200000
2 Chemicals 522400000 2065700000
3 Consumer Productst -51700000 -149400000
4 Others 5900000 -2400000
5 Unallocated 0 0
Total Profit before tax 888600000 3005100000
i. Finance cost 36100000 36100000
ii. Other Unallocable Expenditure net off Unallocable income 100000 100000
Profit before tax 852400000 2844800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Engineering 18216600000 18216600000
2 Chemicals 8922400000 8922400000
3 Consumer Productst 865600000 865600000
4 Others 162900000 162900000
5 Unallocated 1701800000 1701800000
Total Segment Asset 29869300000 29869300000
Un-allocable Assets 0 0
Net Segment Asset 29869300000 29869300000
4 Segment Liabilities
Segment Liabilities
1 Engineering 10571800000 10571800000
2 Chemicals 5511100000 5511100000
3 Consumer Productst 747500000 747500000
4 Others 17100000 17100000
5 Unallocated 926900000 926900000
Total Segment Liabilities 17774400000 17774400000
Un-allocable Liabilities 0 0
Net Segment Liabilities 17774400000 17774400000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1) Segments have been identified in line with the Ind AS 108 'Operating Segment' n n n2) Global Composites And Structurals Limited and Ion Exchange Environment Management Limited has amalgamated with Ion Exchange (India) Limited as per scheme of amalgamation approved by the Mumbai bench of National Company Law Tribunal on 21st February 2024. The scheme has taken effect from the appointed date i.e., 1st April, 2023. Both the above schemes of merger have been accounted under ‘the pooling of interests method’ i.e., in accordance with Appendix C of Ind AS 103 – Business Combinations and comparatives have been restated for the merger from the beginning of the previous year i.e., 1st April 2022.



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 Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement benefit of defined benefit plans 5500000 -3400000
2 Share of Other Comprehensive Income in associates -2900000 -2900000
Total Amount of items that will not be reclassified to profit and loss 2600000 -6300000
2 Income tax relating to items that will not be reclassified to profit or loss 1900000 -300000
3 Amount of items that will be reclassified to profit and loss
1 Movement in foreign currency translation reserve 8500000 7700000
Total Amount of items that will be reclassified to profit and loss 8500000 7700000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 9200000 1700000



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 2844800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 134600000
Adjustments for decrease (increase) in inventories -624500000
Adjustments for decrease (increase) in trade receivables, current -1951500000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -946200000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 2400000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 818500000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 652000000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 444900000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -62900000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 85500000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 1400000
Adjustments for dividend income 600000
Adjustments for interest income 359900000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 1300000
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) -3800000
Other adjustments for non-cash items 2800000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1806000000
Net cash flows from (used in) operations 1038800000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 718300000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 320500000
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 17900000
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 4900000
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 13000000
Purchase of property, plant and equipment 3203900000
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 600000
Interest received 388800000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 1178600000
Net cash flows from (used in) investing activities -1645700000
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 1846500000
Repayments of borrowings 192200000
Payments of lease liabilities 71200000
Dividends paid 187500000
Interest paid 113600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1282000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -43200000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents -300000
Net increase (decrease) in cash and cash equivalents -43500000
Cash and cash equivalents cash flow statement at beginning of period 1536400000
Cash and cash equivalents cash flow statement at end of period 1492900000





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 LLP Yes 31-Jul-2027