Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol MAHESHWARI
MSEI Symbol NOTLISTED
ISIN INE263W01010
Name of company MAHESHWARI LOGISTICS 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 30-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 Half Yearly
Reporting Quarter Yearly
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 30-May-2025   15:00:00
End date and time of board meeting 30-May-2025   17:40:00
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-Oct-2024 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 2590328000 9731488000
Other income 27006000 49044000
Total income 2617334000 9780532000
2 Expenses
(a) Cost of materials consumed 382858000 1983087000
(b) Purchases of stock-in-trade 1824745000 5592862000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -78055000 74519000
(d) Employee benefit expense 54423000 202478000
(e) Finance costs 76702000 324943000
(f) Depreciation, depletion and amortisation expense 41791000 160314000
(f) Other Expenses
1 Other expenditure 218615000 1192569000
Total other expenses 218615000 1192569000
Total expenses 2521079000 9530772000
3 Total profit before exceptional items and tax 96255000 249760000
4 Exceptional items 0 0
5 Total profit before tax 96255000 249760000
6 Tax expense
7 Current tax 16774000 55837000
8 Deferred tax -2737000 9728000
9 Total tax expenses 14037000 65565000
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 82218000 184195000
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 82218000 184195000
17 Other comprehensive income net of taxes -4472000 5992000
18 Total Comprehensive Income for the period 77746000 190187000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 77817000 181431000
Total profit or loss, attributable to non-controlling interests 4399000 2763000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -4472000 5992000
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 295972000 295972000
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 2.63 6.13
Diluted earnings (loss) per share from continuing operations 2.63 6.13
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 2.63 6.13
Diluted earnings (loss) per share from continuing and discontinued operations 2.63 6.13
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 1577492000
Capital work-in-progress 296588000
Investment property 0
Goodwill 0
Other intangible assets 29645000
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 247833000
Total non-current financial assets 247833000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 2151558000
2 Current assets
Inventories 1519865000
Current financial asset
Current investments 18893000
Trade receivables, current 1546363000
Cash and cash equivalents 227144000
Bank balance other than cash and cash equivalents 271000
Loans, current 37894000
Other current financial assets 232726000
Total current financial assets 2063291000
Current tax assets (net) 0
Other current assets 399676000
Total current assets 3982832000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 6134390000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 295972000
Other equity 1692964000
Total equity attributable to owners of parent 1988936000
Non controlling interest 21426000
Total equity 2010362000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1033961000
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 7659000
Total non-current financial liabilities 1041620000
Provisions, non-current 0
Deferred tax liabilities (net) 96218000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1137838000
Current liabilities
Current financial liabilities
Borrowings, current 1648405000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2993000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1106187000
Total Trade payable 1109180000
Other current financial liabilities 120922000
Total current financial liabilities 2878507000
Other current liabilities 105274000
Provisions, current 2409000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2986190000
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 4124028000
Total equity and liabilites 6134390000
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-Oct-2024 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 Trading Segment 1507760000 5684383000
2 Transportation & Port Service 383254000 1258405000
3 Manufacturing Kraft Paper 892613000 3211872000
4 Unallocated (expenses) / income (net) 0 0
5 Inter Segment 0 0
Total Segment Revenue 2783627000 10154660000
Less: Inter segment revenue 193299000 193299000
Revenue from operations 2590328000 9731488000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Trading Segment 74842000 133011000
2 Transportation & Port Service 5435000 28404000
3 Manufacturing Kraft Paper 95386000 420147000
4 Unallocated (expenses) / income (net) -2708000 -6860000
5 Inter Segment 0 0
Total Profit before tax 172955000 574702000
i. Finance cost 76701000 76701000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 96254000 249759000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Trading Segment 1827531000 1827531000
2 Transportation & Port Service 492046000 492046000
3 Manufacturing Kraft Paper 3207017000 3207017000
4 Unallocated (expenses) / income (net) 607796000 607796000
5 Inter Segment 0 0
Total Segment Asset 6134390000 6134390000
Un-allocable Assets 0 0
Net Segment Asset 6134390000 6134390000
4 Segment Liabilities
Segment Liabilities
1 Trading Segment 1243890000 1243890000
2 Transportation & Port Service 270428000 270428000
3 Manufacturing Kraft Paper 1394549000 1394549000
4 Unallocated (expenses) / income (net) 1215161000 1215161000
5 Inter Segment 0 0
Total Segment Liabilities 4124028000 4124028000
Un-allocable Liabilities 0 0
Net Segment Liabilities 4124028000 4124028000
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-Oct-2024 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 or loss 182000 1821000
Total Amount of items that will not be reclassified to profit and loss 182000 1821000
2 Income tax relating to items that will not be reclassified to profit or loss 45000 458000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss -6159000 6186000
Total Amount of items that will be reclassified to profit and loss -6159000 6186000
4 Income tax relating to items that will be reclassified to profit or loss -1550000 1557000
5 Total Other comprehensive income -4472000 5992000



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 249760000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 324943000
Adjustments for decrease (increase) in inventories -172257000
Adjustments for decrease (increase) in trade receivables, current -82229000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 140975000
Adjustments for decrease (increase) in other non-current assets 45276000
Adjustments for other financial assets, non-current -37961000
Adjustments for other financial assets, current -228034000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 226066000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 160314000
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 22197000
Adjustments for other financial liabilities, non-current -1416000
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) 397874000
Net cash flows from (used in) operations 647634000
Dividends received 0
Interest paid 0
Interest received -13648000
Income taxes paid (refund) 55837000
Other inflows (outflows) of cash -5987000
Net cash flows from (used in) operating activities 572162000
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 272709000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 36247000
Purchase of intangible assets 24863000
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 0
Interest received 13648000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -12947000
Net cash flows from (used in) investing activities -260624000
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 217383000
Repayments of borrowings 16517000
Payments of lease liabilities -9014000
Dividends paid 0
Interest paid 324943000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 8910000
Net cash flows from (used in) financing activities -106153000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 205385000
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 205385000
Cash and cash equivalents cash flow statement at beginning of period 22030000
Cash and cash equivalents cash flow statement at end of period 227415000





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 Kakaria and Associates LLP Yes 31-Mar-2027