Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol ALPEXSOLAR
MSEI Symbol NOTLISTED
ISIN INE0R4701017
Name of company Alpex Solar Limited
Type of company SME
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 21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-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 Unaudited
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 Single segment Reporting
Start date and time of board meeting 21-May-2025   16:00:00
End date and time of board meeting 21-May-2025   17:30:00
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-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 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 5150237000 7801512000
Other income 14182000 28591000
Total income 5164419000 7830103000
2 Expenses
(a) Cost of materials consumed 3869740000 6052259000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 51294000 -27101000
(d) Employee benefit expense 91748000 170230000
(e) Finance costs 43413000 73158000
(f) Depreciation, depletion and amortisation expense 59483000 85033000
(f) Other Expenses
1 Other Expenses 230353000 353201000
Total other expenses 230353000 353201000
Total expenses 4346031000 6706780000
3 Total profit before exceptional items and tax 818388000 1123323000
4 Exceptional items -1617000 0
5 Total profit before tax 816771000 1123323000
6 Tax expense
7 Current tax 223347000 290575000
8 Deferred tax 5572000 -2235000
9 Total tax expenses 228919000 288340000
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 587852000 834983000
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 -768000 -204000
16 Total profit (loss) for period 587084000 834779000
17 Other comprehensive income net of taxes -965000 -964000
18 Total Comprehensive Income for the period 586119000 833815000
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 2164076000 2164076000
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 23.99 34.11
Diluted earnings (loss) per share from continuing operations 23.99 34.11
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 23.99 34.11
Diluted earnings (loss) per share from continuing and discontinued operations 23.99 34.11
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 470112000
Capital work-in-progress 228117000
Investment property 38100000
Goodwill 902000
Other intangible assets 38000000
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 23528000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 328723000
Total non-current financial assets 352251000
Deferred tax assets (net) 32265000
Other non-current assets 2495000
Total non-current assets 1162242000
2 Current assets
Inventories 1023949000
Current financial asset
Current investments 0
Trade receivables, current 1237494000
Cash and cash equivalents 341567000
Bank balance other than cash and cash equivalents 117013000
Loans, current 0
Other current financial assets 6804000
Total current financial assets 1702878000
Current tax assets (net) 0
Other current assets 847044000
Total current assets 3573871000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4736113000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 244734000
Other equity 1919342000
Total equity attributable to owners of parent 2164076000
Non controlling interest 0
Total equity 2164076000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 144723000
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
Total non-current financial liabilities 144723000
Provisions, non-current 10968000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 58103000
Total non-current liabilities 213794000
Current liabilities
Current financial liabilities
Borrowings, current 576068000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 109997000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 989274000
Total Trade payable 1099271000
Other current financial liabilities 362508000
Total current financial liabilities 2037847000
Other current liabilities 48388000
Provisions, current 83670000
Current tax liabilities (Net) 188338000
Deferred government grants, Current
Total current liabilities 2358243000
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 2572037000
Total equity and liabilites 4736113000
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 Unaudited 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-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 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
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 0 0
3 Amount of items that will be reclassified to profit and loss
1 Remeasurement of the net defined liability / asset -1289000 -1288000
2 Income tax effect on above 324000 324000
Total Amount of items that will be reclassified to profit and loss -965000 -964000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -965000 -964000



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 1123323000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 57800000
Adjustments for decrease (increase) in inventories -654373000
Adjustments for decrease (increase) in trade receivables, current -537829000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 10805000
Adjustments for decrease (increase) in other non-current assets 1582000
Adjustments for other financial assets, non-current -43416000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 754280000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 17965000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 85033000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 78038000
Adjustments for other financial liabilities, current 326608000
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 13514000
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 -386212000
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) -303233000
Net cash flows from (used in) operations 820090000
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 820090000
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 2535000
Purchase of property, plant and equipment 595281000
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 13514000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -268368000
Net cash flows from (used in) investing activities -847600000
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 364384000
Repayments of borrowings 0
Payments of lease liabilities 143907000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 131723000
Other inflows (outflows) of cash -57800000
Net cash flows from (used in) financing activities 30954000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 3444000
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 3444000
Cash and cash equivalents cash flow statement at beginning of period 259791000
Cash and cash equivalents cash flow statement at end of period 263235000





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 No
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 Seth & Seth (Chartered Accountants) Yes 28-Feb-2027