Integrated Filing — IndAS



General information about company
Scrip Code 544386
NSE Symbol SPECTRUM
MSEI Symbol NOTLISTED
ISIN INE01EO01010
Name of company Spectrum Electrical Industries 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 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 Single segment
Description of single segment manufacture
Start date and time of board meeting 30-May-2025   04:00:00
End date and time of board meeting 30-May-2025   22:30:00
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 2024-05-07
Indicate Company website link for updated RPT policy of the Company https://www.spectrum-india.com/#/documents
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Appicable



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 1720904000 3970909000
Other income 10852000 45636000
Total income 1731756000 4016545000
2 Expenses
(a) Cost of materials consumed 1095942000 2811904000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 189592000 -44009000
(d) Employee benefit expense 62411000 202775000
(e) Finance costs 41449000 128461000
(f) Depreciation, depletion and amortisation expense 21710000 89125000
(f) Other Expenses
1 Other Expenses 126334000 476822000
Total other expenses 126334000 476822000
Total expenses 1537438000 3665078000
3 Total profit before exceptional items and tax 194318000 351467000
4 Exceptional items 0 0
5 Total profit before tax 194318000 351467000
6 Tax expense
7 Current tax 56585000 92566000
8 Deferred tax 3649000 16114000
9 Total tax expenses 60234000 108680000
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 134084000 242787000
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 134084000 242787000
17 Other comprehensive income net of taxes 286000 1148000
18 Total Comprehensive Income for the period 134370000 243935000
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 156066000 156066000
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 8.59 15.56
Diluted earnings (loss) per share from continuing operations 8.53 15.45
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 8.59 15.56
Diluted earnings (loss) per share from continuing and discontinued operations 8.53 15.45
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
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 1045428000
Capital work-in-progress 188275000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 45357000
Trade receivables, non-current
Loans, non-current 248624000
Other non-current financial assets 670995000
Total non-current financial assets 964976000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 2198679000
2 Current assets
Inventories 750590000
Current financial asset
Current investments 0
Trade receivables, current 1158331000
Cash and cash equivalents 34119000
Bank balance other than cash and cash equivalents 0
Loans, current 29999000
Other current financial assets 64917000
Total current financial assets 1287366000
Current tax assets (net)
Other current assets
Total current assets 2037956000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4236635000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 156066000
Other equity 1738481000
Total equity attributable to owners of parent 1894547000
Non controlling interest
Total equity 1894547000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 225533000
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 177688000
Total non-current financial liabilities 403221000
Provisions, non-current 2447000
Deferred tax liabilities (net) 66705000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 472373000
Current liabilities
Current financial liabilities
Borrowings, current 1226765000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 393967000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 393967000
Other current financial liabilities
Total current financial liabilities 1620732000
Other current liabilities 189643000
Provisions, current 15016000
Current tax liabilities (Net) 44324000
Deferred government grants, Current
Total current liabilities 1869715000
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 2342088000
Total equity and liabilites 4236635000
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)
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 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 -397000 -1590000
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 111000 442000
5 Total Other comprehensive income 286000 1148000



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 351467000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -116573000
Adjustments for decrease (increase) in trade receivables, current -354694000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -158103000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 91388000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 45980000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 7212000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 89124000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 3946000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 49222000
Adjustments for other financial liabilities, non-current 4816000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income -363000
Adjustments for interest income -28669000
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) -308650000
Net cash flows from (used in) operations 42817000
Dividends received 0
Interest paid 123645000
Interest received 0
Income taxes paid (refund) 100568000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -181396000
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 495328000
Proceeds from sales of investment property 0
Purchase of investment property -68711000
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 0
Interest received 28670000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2229000
Net cash flows from (used in) investing activities -395718000
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 623076000
Repayments of borrowings 0
Payments of lease liabilities 27648000
Dividends paid 0
Interest paid 103904000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2789000
Net cash flows from (used in) financing activities 494313000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -82801000
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 -82801000
Cash and cash equivalents cash flow statement at beginning of period 116920000
Cash and cash equivalents cash flow statement at end of period 34119000





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 SHARPAARTH & CO.LLP Yes 31-Jan-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising QIP
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 15-Jan-2024
Amount Raised 365459000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review Reviewed, No Comments
Comments of the auditors, if any NIL
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details
Name of signatory Pankaj Ravindra Rote
Designation of person CEO
Place Jalgaon
Date 31-May-2025




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 Spectrum Electical Industries Limited Mr. Deepak Suresh Chaudhari Promoter & Managing Director Any other transaction Rent Paid 11700000 No Comment 11637000 0 0
2 Spectrum Electical Industries Limited Mr. Sunil Pralhad Jangle Director of Pristine IT Code Private Limited, subsidiary of Spectrum Electrical Industries Limited Any other transaction Rent Paid 500000 No Comment 451000 0 0
3 Spectrum Electical Industries Limited M/s Nipun Manufacture Industrie Jalgaon ( Propritorshipfirm ) Propritor is the relative of the Whole Time Director of the Company Sale of goods or services 68682000 No Comment 36670000 14184000 1090000
4 Spectrum Electical Industries Limited M/s Nipun Manufacture Industrie Jalgaon ( Propritorshipfirm ) Propritor is the relative of the Whole Time Director of the Company Purchase of goods or services 136406000 No Comment 38829000 13516000 2007000
5 Spectrum Electical Industries Limited Bhargave Devendra Rane son of Mr. Debvendra Sudhakar Rane Executive Director Any other transaction Appointed as Tranee 200000 No Comment 160000 0 0
6 Spectrum Electical Industries Limited Mechmaster Engineering Private Limited Subsidiary Company Sale of goods or services 11000000 No Comment 10222000 0 12077000
7 Spectrum Electical Industries Limited Mechmaster Engineering Private Limited Subsidiary Company Purchase of goods or services 13500000 No Comment 13335000 -1585000 -2927000
8 Spectrum Electical Industries Limited Mechmaster Engineering Private Limited Subsidiary Company Loan 6000000 No Comment 5797000 0 5797000
9 Spectrum Electical Industries Limited Spectrum Electrical Technologies Private Limited (Formerly known as Spectrum Electrical Life Solutions Private Limited) Wholly Owned Subsidiary Company Sale of goods or services 93458000 No Comment 62463000 41425000 59082000
10 Spectrum Electical Industries Limited Spectrum Electrical Technologies Private Limited (Formerly known as Spectrum Electrical Life Solutions Private Limited) Wholly Owned Subsidiary Company Purchase of goods or services 80000000 No Comment 71510000 169000 84314000
11 Spectrum Electical Industries Limited Spectrum Electrical Technologies Private Limited (Formerly known as Spectrum Electrical Life Solutions Private Limited) Wholly Owned Subsidiary Company Loan 15000000 No Comment 13134000 229691000 242826000
12 Spectrum Electical Industries Limited Pristine IT Code Private Limited Subsidiary Company Purchase of goods or services 2000000 No Comment 1748000 0 1172000
13 Spectrum Electical Industries Limited Mr. Deepak Suresh Chaudhari KMP – Managing Director Remuneration 5861000 No Comment 5860000 0 0
14 Spectrum Electical Industries Limited Mrs. Bharti Deepak Chaudhari KMP – Whole Time Director Remuneration 2891000 No Comment 2890000 0 0
15 Spectrum Electical Industries Limited Mr. Devendra Sudhakar Rane KMP – Executive Director Remuneration 1649000 No Comment 1648000 0 0
16 Spectrum Electical Industries Limited Mr. Pankaj Ravindra Rote KMP – CFO Remuneration 1563000 No Comment 1562000 0 0
17 Spectrum Electical Industries Limited Mr. Rahul Vasant Lavane KMP – CS Remuneration 542000 No Comment 541000 0 0
Total value of transaction during the reporting period 278457000