Integrated Filing — IndAS



General information about company
Scrip Code 540642
NSE Symbol SALASAR
MSEI Symbol NOTLISTED
ISIN INE170V01027
Name of company SALASAR TECHNO ENGINEERING 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 Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
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   12:30:00
End date and time of board meeting 30-May-2025   15:35:00
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 Unaudited 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 4833141000 14474344000
Other income 26536000 72638000
Total income 4859677000 14546982000
2 Expenses
(a) Cost of materials consumed 3810875000 11733699000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 259606000 143060000
(d) Employee benefit expense 161926000 597593000
(e) Finance costs 138645000 518331000
(f) Depreciation, depletion and amortisation expense 47371000 194191000
(f) Other Expenses
1 Other Expenses 326187000 874470000
Total other expenses 326187000 874470000
Total expenses 4744610000 14061344000
3 Total profit before exceptional items and tax 115067000 485638000
4 Exceptional items -65600000 -89548000
5 Total profit before tax 49467000 396090000
6 Tax expense
7 Current tax 80993000 182543000
8 Deferred tax 20821000 22240000
9 Total tax expenses 101814000 204783000
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 -52347000 191307000
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 -52347000 191307000
17 Other comprehensive income net of taxes 279548000 279677000
18 Total Comprehensive Income for the period 227201000 470984000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -53022000 191046000
Total profit or loss, attributable to non-controlling interests 676000 262000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 226526000 470723000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 676000 262000
21 Details of equity share capital
Paid-up equity share capital 1726770000 1726770000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 6128760000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.03 0.11
Diluted earnings (loss) per share from continuing operations -0.03 0.11
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 -0.03 0.11
Diluted earnings (loss) per share from continuing and discontinued operations -0.03 0.11
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 above audited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 30 May 2025 These results have been audited by the Statutory Auditor of the Company who has issued an unqualified opinion thereon. n n2. These audited consolidated financial results are prepared in accordance with the Indian Accounting Standards IND AS as prescribed under Section 133 of the Companies Act read with rule 3 of the Companies Indian Accounting Standards Rules 2015 and Companies Indian Accounting Standards Amendment Rules 2016. n n3. The Company is engaged in the business of two segments i.e. 1. Manufacturing of Galvanized and Nongalvanized Steel Structures i.e. Steel Structure and 2. Engineering Procurement and Construction EPC. n n4. On account of Preferential issue the company at the meeting held on 30 Apr 2024 approved the allotment of 115743890 equity shares of face value of Re. 1 each to Non promoter Public Category at an issue price of Rs. 14.40 including a premium of Rs. 13.40 each. Further the Board of Directors at their meeting held on 07 May 2024 approved the allotment of 32500000 fully paidup equity shares of face value of Re. 1 each pursuant to conversion of 32500000 fully convertible warrants into said equal number of equity shares at an issue price of Rs. 14.40 including a premium of Rs. 13.40 each. However still 53680000 warrants are pending for conversion on account of payment of balance 75 percent amount payable by them. n n5. The company participated in the e auction conducted by the Liquidator appointed by the Honble NCLT Kolkata on 14.03.2024 for the acquisition of EMC Ltd under liquidation as a going concern and was declared the successful bidder. The Honble NCLT approved the sale vide its order dated 22.10.2024 and subsequently passed an order for closure of the liquidation process on 08.01.2025. On 20.02.2025 the Equity has been issued to Salasar Techno Engineering Ltd therefore EMC Ltd has become Wholly Owned Subsidiary and hence the effect of the acquisition has been taken in the quarter and year ended 31st March 2025 only. n n6. Since EMC Ltd has become Wholly Owned Subsidiary of Salasar Techno Engineering Ltd in the Quarter ended 31st March 2025 hence the Yearly and Fourth Quarter Consolidated results includes the results of EMC Ltd also. In the consolidated results for the quarter ended 31st March 2025 the loss of Rs. 523.46 Lakhs includes the loss of Rs. 2469.78 Lakhs of EMC Ltd. n n7. Figures for the previous periods or year have been regrouped wherever necessary to confirm to the current periods classification. n n8. The audited consolidated financial results for the quarter and year ended 31 Mar 2025 are available on the website of the Company www.salasartechno.com and on Stock Exchanges website www.bseindia.com and www.nseindia.com. n n9. Figures for the quarter ended 31st Mar 2025 and the corresponding quarter ended in previous year as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year except EMC Limited for quarter ended Mar25 as it is consolidated only for quarter and year ended 31st Mar 2025 referred Note no. 5. Also the figures upto the end of the third quarter had only been reviewed and not subject to audit.



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 3801238000
Capital work-in-progress 16113000
Investment property 0
Goodwill 0
Other intangible assets 136612000
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 490722000
Total non-current financial assets 490722000
Deferred tax assets (net) 0
Other non-current assets 125468000
Total non-current assets 4570153000
2 Current assets
Inventories 3397709000
Current financial asset
Current investments 298000
Trade receivables, current 4641567000
Cash and cash equivalents 52765000
Bank balance other than cash and cash equivalents 475722000
Loans, current 0
Other current financial assets 2371756000
Total current financial assets 7542108000
Current tax assets (net) 10289000
Other current assets 1732299000
Total current assets 12682405000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 17252558000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1726770000
Other equity 6128760000
Total equity attributable to owners of parent 7855530000
Non controlling interest 4351000
Total equity 7859881000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 208727000
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 13229000
Total non-current financial liabilities 221956000
Provisions, non-current 58903000
Deferred tax liabilities (net) 169354000
Deferred government grants, Non-current 0
Other non-current liabilities 692000
Total non-current liabilities 450905000
Current liabilities
Current financial liabilities
Borrowings, current 2951476000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 151536000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1128540000
Total Trade payable 1280076000
Other current financial liabilities 12718000
Total current financial liabilities 4244270000
Other current liabilities 4692421000
Provisions, current 5081000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 8941772000
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 9392677000
Total equity and liabilites 17252558000
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 Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Steel Structures 2858240000 8521105000
2 EPC Projects 2365579000 6561858000
Total Segment Revenue 5223819000 15082963000
Less: Inter segment revenue 390678000 390678000
Revenue from operations 4833141000 14474344000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel Structures 317738000 876943000
2 EPC Projects -83948000 183603000
Total Profit before tax 233790000 1060546000
i. Finance cost 138645000 138645000
ii. Other Unallocable Expenditure net off Unallocable income 45677000 45677000
Profit before tax 49468000 396091000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel Structures 7103967000 7103967000
2 EPC Projects 7575225000 7575225000
Total Segment Asset 14679192000 14679192000
Un-allocable Assets 2573366000 2573366000
Net Segment Asset 17252558000 17252558000
4 Segment Liabilities
Segment Liabilities
1 Steel Structures 2360338000 2360338000
2 EPC Projects 3638617000 3638617000
Total Segment Liabilities 5998955000 5998955000
Un-allocable Liabilities 3393724000 3393724000
Net Segment Liabilities 9392679000 9392679000
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 Unaudited 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 Remeasurement of defined befit plan -7155000 -6983000
2 Revaluation Surplus on Property, Plant & Equipment 343709000 343709000
Total Amount of items that will not be reclassified to profit and loss 336554000 336726000
2 Income tax relating to items that will not be reclassified to profit or loss 57006000 57049000
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 279548000 279677000



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 396090000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 518331000
Adjustments for decrease (increase) in inventories -6569000
Adjustments for decrease (increase) in trade receivables, current -1115313000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -988714000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -1052456000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 74342000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 1916697000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 194191000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 60308000
Adjustments for provisions, current 18092000
Adjustments for provisions, non-current 5697000
Adjustments for other financial liabilities, current -104000
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 58912000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 47044000
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) -184413000
Other adjustments for non-cash items 121037000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -450742000
Net cash flows from (used in) operations -54652000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -54652000
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 7200000
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 223132000
Purchase of property, plant and equipment 122608000
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 12704000
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 96205000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -95556000
Net cash flows from (used in) investing activities 95669000
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 2327960000
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 1843366000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 518331000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 19487000
Net cash flows from (used in) financing activities -14250000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 26767000
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 26767000
Cash and cash equivalents cash flow statement at beginning of period 25998000
Cash and cash equivalents cash flow statement at end of period 52765000





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 VAPS & COMPANY Yes 31-Aug-2027