Integrated Filing — IndAS



General information about company
Scrip Code 532650
NSE Symbol MSPL
MSEI Symbol NOTLISTED
ISIN INE752G01015
Name of company MSP STEEL & POWER 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 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 Steel Manufacturing unit
Start date and time of board meeting 30-May-2025   17:00:00
End date and time of board meeting 30-May-2025   23:35:00
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 7600718000 29052478000
Other income 18222000 35870000
Total income 7618940000 29088348000
2 Expenses
(a) Cost of materials consumed 5846115000 23552519000
(b) Purchases of stock-in-trade 35895000 37948000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 221420000 -41517000
(d) Employee benefit expense 212764000 775178000
(e) Finance costs 226658000 811831000
(f) Depreciation, depletion and amortisation expense 133875000 537470000
(f) Other Expenses
1 Other expenses 837558000 3389798000
Total other expenses 837558000 3389798000
Total expenses 7514285000 29063227000
3 Total profit before exceptional items and tax 104655000 25121000
4 Exceptional items 130000 503000
5 Total profit before tax 104785000 25624000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 443072000 309218000
9 Total tax expenses 443072000 309218000
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 -338287000 -283594000
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 -338287000 -283594000
17 Other comprehensive income net of taxes 19444000 16770000
18 Total Comprehensive Income for the period -318843000 -266824000
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 5667966000 5667966000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 4122238000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.64 -0.62
Diluted earnings (loss) per share from continuing operations -0.64 -0.62
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 -0.64 -0.62
Diluted earnings (loss) per share from continuing and discontinued operations -0.64 -0.62
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 7890365000
Capital work-in-progress 10795000
Investment property 44291000
Goodwill 100000
Other intangible assets 9453000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 428349000
Trade receivables, non-current 0
Loans, non-current 933000
Other non-current financial assets 180723000
Total non-current financial assets 610005000
Deferred tax assets (net) 0
Other non-current assets 57359000
Total non-current assets 8622368000
2 Current assets
Inventories 4743872000
Current financial asset
Current investments 0
Trade receivables, current 750233000
Cash and cash equivalents 40441000
Bank balance other than cash and cash equivalents 167188000
Loans, current 0
Other current financial assets 3087000
Total current financial assets 960949000
Current tax assets (net) 129505000
Other current assets 892623000
Total current assets 6726949000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 15349317000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5667966000
Other equity 4122238000
Total equity attributable to owners of parent 9790204000
Non controlling interest 2876000
Total equity 9793080000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 117022000
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 5193000
Total non-current financial liabilities 122215000
Provisions, non-current 45190000
Deferred tax liabilities (net) 44709000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 212114000
Current liabilities
Current financial liabilities
Borrowings, current 2497758000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 118923000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2203795000
Total Trade payable 2322718000
Other current financial liabilities 189076000
Total current financial liabilities 5009552000
Other current liabilities 333223000
Provisions, current 1348000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 5344123000
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 5556237000
Total equity and liabilites 15349317000
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
1 Actuarial Gain/(Loss) on Defined Benefit Obligations -2016000 -7924000
2 Change in fair value of financial instruments through FVTOCI 24761000 24761000
3 Share in joint venture/associate 0 0
4 Income Tax relating to items that will not be reclassified to (45.75)nProfit or Loss -3301000 -67000
Total Amount of items that will not be reclassified to profit and loss 19444000 16770000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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
5 Total Other comprehensive income 19444000 16770000



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 25624000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 800862000
Adjustments for decrease (increase) in inventories 160860000
Adjustments for decrease (increase) in trade receivables, current 270132000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
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 139136000
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 537470000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -120000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 671000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 10969000
Adjustments for dividend income 0
Adjustments for interest income 22117000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 503000
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) 1897360000
Net cash flows from (used in) operations 1922984000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 30168000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1892816000
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 324506000
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 0
Interest received 22455000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -36263000
Net cash flows from (used in) investing activities -338314000
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 0
Repayments of borrowings 923207000
Payments of lease liabilities 1095000
Dividends paid 0
Interest paid 849120000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1692000
Net cash flows from (used in) financing activities -1775114000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -220612000
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 -220612000
Cash and cash equivalents cash flow statement at beginning of period 261053000
Cash and cash equivalents cash flow statement at end of period 40441000





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 Singhi & Co. Yes 31-Aug-2025