Integrated Filing — IndAS



General information about company
Scrip Code 539331
NSE Symbol VETO
MSEI Symbol NOTLISTED
ISIN INE918N01018
Name of company VETO SWITCHGEARS AND CABLES 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 28-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 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 28-May-2025   15:00:00
End date and time of board meeting 28-May-2025   19:30:00
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



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 891798000 3003784000
Other income 5237000 25490000
Total income 897035000 3029274000
2 Expenses
(a) Cost of materials consumed 273278000 1131706000
(b) Purchases of stock-in-trade 301297000 1043249000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 75103000 15940000
(d) Employee benefit expense 48702000 188565000
(e) Finance costs 7129000 16411000
(f) Depreciation, depletion and amortisation expense 8407000 30552000
(f) Other Expenses
1 Other expenses 85036000 307441000
Total other expenses 85036000 307441000
Total expenses 798952000 2733864000
3 Total profit before exceptional items and tax 98083000 295410000
4 Exceptional items 0 0
5 Total profit before tax 98083000 295410000
6 Tax expense
7 Current tax 24879000 77946000
8 Deferred tax -161000 -731000
9 Total tax expenses 24718000 77215000
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 73365000 218195000
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 73365000 218195000
17 Other comprehensive income net of taxes 617000 246000
18 Total Comprehensive Income for the period 73982000 218441000
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 75376000 221320000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -2010000 -3124000
21 Details of equity share capital
Paid-up equity share capital 191150000 191150000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2473339000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.84 11.41
Diluted earnings (loss) per share from continuing operations 3.84 11.41
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 3.84 11.41
Diluted earnings (loss) per share from continuing and discontinued operations 3.84 11.41
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 Consolidated
Assets
1 Non-current assets
Property, plant and equipment 375790000
Capital work-in-progress 114641000
Investment property 129209000
Goodwill 11000
Other intangible assets 1657000
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 76000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 15092000
Total non-current financial assets 15168000
Deferred tax assets (net) 44895000
Other non-current assets 51225000
Total non-current assets 732596000
2 Current assets
Inventories 948505000
Current financial asset
Current investments 0
Trade receivables, current 1472381000
Cash and cash equivalents 10473000
Bank balance other than cash and cash equivalents 3999000
Loans, current 0
Other current financial assets 49187000
Total current financial assets 1536040000
Current tax assets (net) 0
Other current assets 105198000
Total current assets 2589743000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 3322339000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 191150000
Other equity 2473339000
Total equity attributable to owners of parent 2664489000
Non controlling interest 9797000
Total equity 2674286000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 25160000
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 38478000
Total non-current financial liabilities 63638000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 63638000
Current liabilities
Current financial liabilities
Borrowings, current 202568000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 48689000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 235146000
Total Trade payable 283835000
Other current financial liabilities 53493000
Total current financial liabilities 539896000
Other current liabilities 36726000
Provisions, current 1994000
Current tax liabilities (Net) 5799000
Deferred government grants, Current 0
Total current liabilities 584415000
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 0
Total liabilities 648053000
Total equity and liabilites 3322339000
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)
1 Wires and cables 284562000 861072000
2 Lighting and fittings 289872000 1443668000
3 Accessories and others 217365000 699045000
Total Segment Revenue 791799000 3003785000
Less: Inter segment revenue
Revenue from operations 791799000 3003785000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Wires and cables 44349000 154055000
2 Lighting and fittings 87441000 365483000
3 Accessories and others 83420000 209466000
Total Profit before tax 215210000 729004000
i. Finance cost 7129000 7129000
ii. Other Unallocable Expenditure net off Unallocable income 109998000 109998000
Profit before tax 98083000 295409000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Wires and cables 234375000 234375000
2 Lighting and fittings 937470000 937470000
3 Accessories and others 370026000 370026000
Total Segment Asset 1541871000 1541871000
Un-allocable Assets 1780468000 1780468000
Net Segment Asset 3322339000 3322339000
4 Segment Liabilities
Segment Liabilities
1 Wires and cables 40652000 40652000
2 Lighting and fittings 171560000 171560000
3 Accessories and others 48110000 48110000
Total Segment Liabilities 260322000 260322000
Un-allocable Liabilities 387730000 387730000
Net Segment Liabilities 648052000 648052000
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 Re-measurement of the defined benefit plan 830000 331000
Total Amount of items that will not be reclassified to profit and loss 830000 331000
2 Income tax relating to items that will not be reclassified to profit or loss 213000 85000
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 617000 246000



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 295410000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 16411000
Adjustments for decrease (increase) in inventories -4806000
Adjustments for decrease (increase) in trade receivables, current -150706000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -4272000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 3862000
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 12524000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 30552000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -280000
Adjustments for provisions, current 1306000
Adjustments for provisions, non-current 13197000
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 9445000
Adjustments for interest income 1533000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -10797000
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 8264000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -95723000
Net cash flows from (used in) operations 199687000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -90707000
Net cash flows from (used in) operating activities 108980000
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 197522000
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 9445000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 3201000
Net cash flows from (used in) investing activities -184876000
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 -6945000
Payments of lease liabilities 3307000
Dividends paid 19115000
Interest paid 14533000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -30010000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -105906000
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 -105906000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period -105906000





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 SGCO & CO. LLP Yes 31-Jul-2027