Integrated Filing — IndAS



General information about company
Scrip Code 543912
NSE Symbol PIGL
MSEI Symbol NOTLISTED
ISIN INE557Z01018
Name of company Power & Instrumentation (Gujarat) 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 26-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 Single segment
Description of single segment Electrical Contracting
Start date and time of board meeting 29-May-2025   17:30:00
End date and time of board meeting 29-May-2025   19:40:00
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 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 550856000 1688431000
Other income 3018000 24334000
Total income 553874000 1712765000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 499884000 1480258000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -23000000 -70023000
(d) Employee benefit expense 11096000 39222000
(e) Finance costs 9567000 33824000
(f) Depreciation, depletion and amortisation expense 688000 2501000
(f) Other Expenses
1 Other Expenses 11561000 67441000
Total other expenses 11561000 67441000
Total expenses 509796000 1553223000
3 Total profit before exceptional items and tax 44078000 159542000
4 Exceptional items 0 0
5 Total profit before tax 44078000 159542000
6 Tax expense
7 Current tax 16253000 44079000
8 Deferred tax -3283000 -2059000
9 Total tax expenses 12970000 42020000
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 31108000 117522000
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 -2983000 114000
16 Total profit (loss) for period 28125000 117636000
17 Other comprehensive income net of taxes -2025000 -2025000
18 Total Comprehensive Income for the period 26100000 115611000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 174829000 174829000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 930926000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.49 6.61
Diluted earnings (loss) per share from continuing operations 1.76 7.81
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 1.49 6.61
Diluted earnings (loss) per share from continuing and discontinued operations 1.76 7.81
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) 1.The figures for quarter ended on 31st March 2025 are the balancing figures between the audited figures in respect of the full financial year ended on 31st March 2025 and the year to date figures upto the third quarter of the financial year. n2.The Company operates in one segment namely Electrical Contracting and therefore segment reporting as required under IndAS-108 is not applicable. n3.Figures of previous year period have been regrouped recast wherever necessary in order to make them comparable. n4.During the year company has declared and paid dividend amounting to Rs. 25.27 Lacs n5.The company has contigent liabilities that refer to potential obligation that may arise depending on the outcome of a future event. In the context of Bank Guarantee amounting to Rs. 843.15 Lacs to Kotak Bank and Rs. 1749.35 Lacs to Axis Bank this contigent liability represents the potentail financial obligation the company might face if the conditions of the guarantee are triggered. n6.The above results have been reviewed by audit committee and approved by Board of Directors of Company at its meeting held on 29th May 2025. n7.As per Para B5.2.3. of IFRS 9 states that All investments in equity instruments and contracts on those instruments must be measured at fair value. However, in limited circumstances, cost may be an appropriate estimate of fair value. That may be the case if insufficient more recent information is available to measure fair value, or if there is a wide range of possible fair value measurements and cost represents the best estimate of fair value within that range. Accordingly, we have measured our investment in equity instruments at cost due to the unavailability of more recent information necessary for an accurate fair value assessment. n8.The sales of Rs 16,884.31 Lacs is exclusive of the branch sales of Rs. 240.31 Lacs of the company, including the said sales the total sales of the company comes to Rs 17,124.62 Lacs and the same would be the impact in purhcase. However there is no impact on profit due to the same. nCorresponding figures of the previous years quarters have also been updated in this regards. nParticluarst2024 2025t2023 2024 nSales Excluding Branch Transfert16884.31t9748.83 nInter Branch Transfer t240.31t314.29 nTotal Sales t17124.62t10063.12 ntt nPurchase Excluding Branch Transfert14802.58t8473.02 nInter Branch Transfer t240.31t314.29 nTotal Purchaset15042.89t8787.31 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 4949000
Capital work-in-progress 5825000
Investment property 0
Goodwill 0
Other intangible assets 0
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 3661000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 315948000
Total non-current financial assets 319609000
Deferred tax assets (net) 4310000
Other non-current assets 1637000
Total non-current assets 336330000
2 Current assets
Inventories 478049000
Current financial asset
Current investments 0
Trade receivables, current 603893000
Cash and cash equivalents 3470000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 38435000
Total current financial assets 645798000
Current tax assets (net) 0
Other current assets 274763000
Total current assets 1398610000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1734940000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 174829000
Other equity 930926000
Total equity attributable to owners of parent 1105755000
Non controlling interest 0
Total equity 1105755000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 42855000
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 2117000
Total non-current financial liabilities 44972000
Provisions, non-current 3171000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 48143000
Current liabilities
Current financial liabilities
Borrowings, current 137994000
Trade payables, 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 304840000
Total Trade payable 304840000
Other current financial liabilities 6145000
Total current financial liabilities 448979000
Other current liabilities 89268000
Provisions, current 3740000
Current tax liabilities (Net) 39055000
Deferred government grants, Current 0
Total current liabilities 581042000
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 629185000
Total equity and liabilites 1734940000
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)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
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 2025000 2025000
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 -2025000 -2025000



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 159542000
Adjustments for reconcile profit (loss)
Adjustments for finance costs -6308000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -547470000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 4531000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 2438000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 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) 143000
Other adjustments for non-cash items -4378000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -551044000
Net cash flows from (used in) operations -391502000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 7397000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -398899000
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 3126000
Proceeds from sales of investment property 277778000
Purchase of investment property 288583000
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 268000
Purchase of other long-term assets 111036000
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 6308000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -118391000
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 48490000
Proceeds from issuing other equity instruments 77179000
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 3460276000
Repayments of borrowings 3422586000
Payments of lease liabilities 0
Dividends paid 2527000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 356324000
Net cash flows from (used in) financing activities 517156000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -134000
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 -134000
Cash and cash equivalents cash flow statement at beginning of period 3604000
Cash and cash equivalents cash flow statement at end of period 3470000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M A A K & Associates Yes 30-Jun-2027