Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol AIROLAM
MSEI Symbol NA
ISIN INE801L01010
Name of company AIRO LAM 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 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-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 Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   16:00:00
End date and time of board meeting 29-May-2025   17:45:00
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 2024-04-01
Indicate Company website link for updated RPT policy of the Company https://www.airolam.com/investor/policies-and-program
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
Not Applicable



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 565099000 2143868000
Other income 7416000 24929000
Total income 572515000 2168797000
2 Expenses
(a) Cost of materials consumed 388819000 1466222000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -61252000 -78637000
(d) Employee benefit expense 35722000 137069000
(e) Finance costs 22346000 72288000
(f) Depreciation, depletion and amortisation expense 11636000 45856000
(f) Other Expenses
1 Other Expenses 140592000 475202000
Total other expenses 140592000 475202000
Total expenses 537863000 2118000000
3 Total profit before exceptional items and tax 34652000 50797000
4 Exceptional items 0 0
5 Total profit before tax 34652000 50797000
6 Tax expense
7 Current tax 10214000 10214000
8 Deferred tax -4131000 5214000
9 Total tax expenses 6083000 15428000
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 28569000 35369000
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 28569000 35369000
17 Other comprehensive income net of taxes -2127000 1249000
18 Total Comprehensive Income for the period 26442000 36618000
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 150020000 150020000
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 1.9 2.36
Diluted earnings (loss) per share from continuing operations 1.9 2.36
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 1.9 2.36
Diluted earnings (loss) per share from continuing and discontinued operations 1.9 2.36
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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 576292000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 40000
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 7302000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 15464000
Total non-current financial assets 22766000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 599098000
2 Current assets
Inventories 827270000
Current financial asset
Current investments 0
Trade receivables, current 607761000
Cash and cash equivalents 2644000
Bank balance other than cash and cash equivalents 18645000
Loans, current 26512000
Other current financial assets 3309000
Total current financial assets 658871000
Current tax assets (net) 5087000
Other current assets 98815000
Total current assets 1590043000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2189141000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 150020000
Other equity 609900000
Total equity attributable to owners of parent 759920000
Non controlling interest
Total equity 759920000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 187025000
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 20708000
Total non-current financial liabilities 207733000
Provisions, non-current 14659000
Deferred tax liabilities (net) 40929000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 263321000
Current liabilities
Current financial liabilities
Borrowings, current 694637000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 187876000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 162368000
Total Trade payable 350244000
Other current financial liabilities 71668000
Total current financial liabilities 1116549000
Other current liabilities 26969000
Provisions, current 22382000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1165900000
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 1429221000
Total equity and liabilites 2189141000
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)
1 Laminates & Allied Products 657164000 2607267000
2 Plywood & Allied Products 69282000 286773000
Total Segment Revenue 726446000 2894040000
Less: Inter segment revenue 161347000 161347000
Revenue from operations 565099000 2143868000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Laminates & Allied Products 70989000 187860000
2 Plywood & Allied Products -16496000 -62487000
Total Profit before tax 54493000 125373000
i. Finance cost 17886000 17886000
ii. Other Unallocable Expenditure net off Unallocable income 1954000 1954000
Profit before tax 34653000 50797000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Laminates & Allied Products 2010174000 2010174000
2 Plywood & Allied Products 178966000 178966000
Total Segment Asset 2189140000 2189140000
Un-allocable Assets 0 0
Net Segment Asset 2189140000 2189140000
4 Segment Liabilities
Segment Liabilities
1 Laminates & Allied Products 1277226000 1277226000
2 Plywood & Allied Products 151994000 151994000
Total Segment Liabilities 1429220000 1429220000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1429220000 1429220000
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 3165000 -1450000
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 -1038000 201000
5 Total Other comprehensive income -2127000 1249000



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 50797000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 72288000
Adjustments for decrease (increase) in inventories -82654000
Adjustments for decrease (increase) in trade receivables, current -58367000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 10263000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 3828000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 102805000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 9921000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 45856000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 5231000
Adjustments for provisions, non-current 11454000
Adjustments for other financial liabilities, current 12459000
Adjustments for other financial liabilities, non-current 5630000
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) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 138714000
Net cash flows from (used in) operations 189511000
Dividends received 0
Interest paid 14956000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -2459000
Net cash flows from (used in) operating activities 172096000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 176744000
Proceeds from sales of investment property 46000
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 12438000
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -9626000
Net cash flows from (used in) investing activities -198762000
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 97774000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 72288000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 600000
Net cash flows from (used in) financing activities 26086000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -580000
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 -580000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period -580000





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 Piyush J shah & Co Yes 28-Feb-2027


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 Airo Lam Limited Airolam Asia Pacific Co. Ltd. Subsidiary Company Sale of goods or services 25500000 Omnibus approval has been granted for related party transactions on arms length basis 4117000 21070000 25187000
2 Airo Lam Limited Airolam Asia Pacific Co. Ltd. Subsidiary Company Investment 3000000 Not Applicable 0 2332000 2332000
3 Airo Lam Limited Airolam Holdings Co. Ltd. Associates Concern Investment 300000 Not Applicable 0 0 0
4 Airo Lam Limited Pravinkumar Nathalal Patel KMP Remuneration 1000000 Omnibus approval has been granted for related party transactions on arms length basis 570000 0 0
5 Airo Lam Limited Pravinkumar Nathalal Patel KMP Any other transaction Guarantee Taken 0 Omnibus approval has been granted for related party transactions on arms length basis 0 716300000 716300000
6 Airo Lam Limited Pravinkumar Nathalal Patel KMP Loan 9000000 Not Applicable 6000 131000 137000
7 Airo Lam Limited Sureshbhai Hansarajbhai Patel KMP Remuneration 2000000 Omnibus approval has been granted for related party transactions on arms length basis 683000 0 0
8 Airo Lam Limited Sureshbhai Hansarajbhai Patel KMP Any other transaction Guarantee Taken 0 Omnibus approval has been granted for related party transactions on arms length basis 0 716300000 716300000
9 Airo Lam Limited Sureshbhai Hansarajbhai Patel KMP Loan 9500000 Not Applicable 0 0 0
10 Airo Lam Limited Hardik Prafulbhai Patel KMP Remuneration 828000 Omnibus approval has been granted for related party transactions on arms length basis 420000 0 0
11 Airo Lam Limited Hardik Prafulbhai Patel KMP Any other transaction Guarantee Taken 0 Not Applicable 0 716300000 716300000
12 Airo Lam Limited Hardik Prafulbhai Patel KMP Loan 4500000 Not Applicable 0 0 0
13 Airo Lam Limited Yash Pravinbhai Patel Relative of KMP Remuneration 1000000 Omnibus approval has been granted for related party transactions on arms length basis 420000 0 0
14 Airo Lam Limited Yash Pravinbhai Patel Relative of KMP Loan 200000 Not Applicable -36000 166000 130000
15 Airo Lam Limited Mahendrabhai Nathabhai Patel Relative of KMP Remuneration 1000000 Omnibus approval has been granted for related party transactions on arms length basis 338000 0 0
16 Airo Lam Limited Mahendrabhai Nathabhai Patel Relative of KMP Loan 200000 Not Applicable 0 58000 58000
17 Airo Lam Limited Hemlataben Sureshbhai Patel Relative of KMP Remuneration 500000 Omnibus approval has been granted for related party transactions on arms length basis 233000 0 0
18 Airo Lam Limited Manjulaben Pravinbhai Patel Relative of KMP Remuneration 1000000 Omnibus approval has been granted for related party transactions on arms length basis 314000 0 0
19 Airo Lam Limited Keya Mahendrabhai Patel KMP Remuneration 478000 Omnibus approval has been granted for related party transactions on arms length basis 240000 0 0
20 Airo Lam Limited Pravinkumar Nathalal Patel HUF HUF of KMP Loan 2600000 Omnibus approval has been granted for related party transactions on arms length basis 81000 1817000 1898000
21 Airo Lam Limited Sureshbhai Hansarajbhai Patel HUF HUF of KMP Loan 900000 Omnibus approval has been granted for related party transactions on arms length basis 26000 582000 608000
22 Airo Lam Limited Karanbhai Daxesh Raval Promoters Group Loan 300000 Omnibus approval has been granted for related party transactions on arms length basis 0 120000 120000
23 Airo Lam Limited Vasantbhai Raval Promoters Group Loan 2700000 Omnibus approval has been granted for related party transactions on arms length basis 87000 1948000 2035000
24 Airo Lam Limited Chintankumar K. Mehuriya KMP Any other transaction Salary 2700000 Omnibus approval has been granted for related party transactions on arms length basis 108000 0 0
Total value of transaction during the reporting period 7607000