INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol TUNWAL
MSEI Symbol NOTLISTED
ISIN INE0OXV01027
Name of Company TUNWAL E-MOTORS 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 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-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 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 MANUFACTURING OF EV VEHICLES
Start date and time of board meeting 26-May-2025   11:00:00
End date and time of board meeting 26-May-2025   16:15:00
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 — Other than Bank
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 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 Revenue From Operations
Revenue from operations 1041686000 1785945000
Other income 52425000 62737000
Total Income 1094111000 1848682000
2 Expenses
(a) Cost of materials consumed 785397000 1383911000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 82448000 65632000
(d) Employee benefit expense 23918000 38460000
(e) Finance costs 12216000 22680000
(f) Depreciation and amortisation expense 4820000 11354000
(g) Other Expenses
1 Direct Expenses 63667000 116004000
2 Advertisement Expenses 19465000 22668000
3 Power and Fues Expenses 1567000 2882000
4 Insurance Expenses 1157000 1893000
5 Rent Rates and Taxes 4317000 7260000
6 Professional Fees 10533000 13362000
7 Repairs & Maintenance Expenses 995000 1454000
8 Sales Promotion Expenses 1600000 1600000
9 Travelling and Conveyance Expenses 1519000 3108000
10 Other Expenses 269000 4039000
Total other expenses 105089000 174270000
Total expenses 1013888000 1696307000
3 Profit before exceptional and extraordinary items and tax 80223000 152375000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 80223000 152375000
6 Extraordinary items 0 0
7 Profit before tax 80223000 152375000
8 Tax Expense
Current tax 18635000 36795000
Deferred tax -2425000 -2425000
Total tax expenses 16210000 34370000
9 Net Profit Loss for the period from continuing operations 64013000 118005000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 64013000 118005000
14 Share of profit (loss) of associates 0 0
15 Profit (loss) of minority interest 0 0
16 Net profit (Loss) for the period 64013000 118005000
17 Details of equity share capital
Paid-up equity share capital 110602000 110602000
Face value of equity share capital 2 2
18 Reserves excluding revaluation reserve 914632000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.16 2.31
Diluted earnings (loss) per share from continuing and discontinued operations 1.16 2.31
20 Debt equity ratio 0.0032 0.0032
21 Debt service coverage ratio 0.0501 0.0504
22 Interest service coverage ratio 0.0646 0.0775
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) 1. The above financial results have been reviewed and approved by the Board of Directors in its meeting held on 26 May 2025. 2. The financial results have been prepared in accordance with Accounting Standards as prescribed under section 133 of the Companies Act, 2023 read with Rule 7 of Companies (Account) Rules 2014 by the Ministry of Corporate Affairs and amendments thereof. 3. As per Ministry of Corporate Affairs notification dated February 16th, 2015, Companies whose securities are listed on SME Exchange as referred to in chapter XB of the Securities and Exchange Board of India, (Issue of Capital and Disclosure Requirements) Regulations, 2009 are exempted from the compulsory requirements of adoption of Ind AS. 4. The Company operates in single business segment i.e. manufecturing of electric vehicles hence segment information has not been provided. Further the Company conducts its business in only one Geographical Segment, viz., India. 5. As on 29th March 2025, the Company has obtained shareholder's approval, via postal ballot, for the issuance and allotment of 23,91,304 equity shares on a preferential basis to Mr, Jhumarmal Pannaram Tunwal (DIN: 07486090), Managing Director and Promoter of the Company, against the conversion of his existing unsecured loan. 6. The figures in respect of results for the half year ended March 31, 2025 and half year ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and unaudited half yearly figures upto September 30, 2024 and half yearly figures upto September 30, 2023, respectively which are certified by the management and not subject to limited review. 7. The figures for the comparative periods have been regrouped/reclassified wherever necessary. All the regroupings and reclassifications are on account of change in the presentation or classification of items. The above regroupings and reclassifications have no impact on the profit of the company for the half year ended 30th September 2024 or the previous periods. 8. The balance appearing under the head Trade Payable, Loans and Advances, Other Current Liabilities are subject to Confirmation and Reconciliation and Consequent adjustments, if any, will be accounted for in the year of confirmation and/ or reconciliation. 9. Out of gross proceeds of IPO for Rs. 8,171.50 Lakhs, the company has utilized the funds as per the Utilization Certificate provided by the auditor


Remarks
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect
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
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 152375000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 22680000
Adjustments for depreciation and amortisation expense 11354000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -7086000
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 to profit (loss) 26948000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -462562000
Adjustments for decrease (increase) in trade receivables -190393000
Adjustments for decrease (increase) in other current assets -261032000
Adjustments for increase (decrease) in trade payables 305716000
Adjustments for increase (decrease) in other current liabilities -53973000
Adjustments for provisions 1372000
Total adjustments for working capital -660872000
Total adjustments for reconcile profit (loss) -633924000
Net cash flows from (used in) operations -481549000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 47757000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -529306000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -529306000
4 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 1500000
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 163203000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 5153000
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 7087000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -162769000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -162769000
Cash flows from used in financing activities
Proceeds from issuing shares 701921000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings -93478000
Dividends paid 0
Interest paid 22680000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 772719000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 772719000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 80644000
6 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 80644000
Cash and cash equivalents cash flow statement at beginning of period 26544000
Cash and cash equivalents cash flow statement at end of period 107188000


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
Equity and liabilities
1 Shareholders' funds
Share capital 110602000
Reserves and surplus 914632000
Money received against share warrants 0
Total shareholders' funds 1025234000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest 0
5 Non-current liabilities
Long-term borrowings 27145000
Deferred tax liabilities (net) 1381000
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 61712000
Long-term provisions 1809000
Total non-current liabilities 92047000
6 Current liabilities
Short-term borrowings 299961000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 20831000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 455429000
Total Trade payable 476260000
Other current liabilities 23685000
Short-term provisions 22739000
Total current liabilities 822645000
Total equity and liabilities 1939926000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 246424000
Producing properties
Intangible assets 9884000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 36421000
Intangible assets under development or work-in-progress 0
Total Property, Plant and Equipment and Intangible assets 292729000
ii Non-current investments 6876000
v Deferred tax assets (net) 0
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 0
viii Other non-current assets 0
Total non-current assets 299605000
Current assets
Current investments 0
Inventories 980661000
Trade receivables 221055000
Cash and cash equivalents 107189000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 331416000
Other current assets
Total current assets 1640321000
Total assets 1939926000
Disclosure of notes on assets and liabilities


Format for Reporting Segment 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 results 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
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




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 Mittal Agarwal & Company Yes 30-Apr-2028