INTEGRATED FILING — Other than Banks



General information about company

Scrip code 544328
NSE Symbol INDOFARM
MSEI Symbol NOTLISTED
ISIN INE622H01018
Name of Company Indo Farm Equipment 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 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
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   16:05:00
End date and time of board meeting 28-May-2025   16:50:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-28
Indicate Company website link for updated RPT policy of the Company https://www.indofarm.in/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes


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-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 Standalone Standalone
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 1251636000 3667699000
Other income 16875000 28991000
Total Income 1268511000 3696690000
2 Expenses
(a) Cost of materials consumed 796388000 2385806000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 17194000 -123427000
(d) Employee benefit expense 102645000 375336000
(e) Finance costs 28182000 142950000
(f) Depreciation and amortisation expense 29934000 107698000
(g) Other Expenses
1 Other Expenses 178538000 558908000
Total other expenses 178538000 558908000
Total expenses 1152881000 3447271000
3 Profit before exceptional and extraordinary items and tax 115630000 249419000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 115630000 249419000
6 Extraordinary items 0 0
7 Profit before tax 115630000 249419000
8 Tax Expense
Current tax 24403000 60636000
Deferred tax -41683000 -37364000
Total tax expenses -17280000 23272000
9 Net Profit Loss for the period from continuing operations 132910000 226147000
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 132910000 226147000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 132910000 226147000
17 Details of equity share capital
Paid-up equity share capital 480516000 480516000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 4673840000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.22 5.48
Diluted earnings (loss) per share from continuing and discontinued operations 3.22 5.48
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


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 Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 249419000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 142950000
Adjustments for depreciation and amortisation expense 107698000
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 53000
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -21220000
Other adjustments to reconcile profit (loss) 12591000
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) 241966000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -81128000
Adjustments for decrease (increase) in trade receivables -33729000
Adjustments for decrease (increase) in other current assets -54449000
Adjustments for increase (decrease) in trade payables -27469000
Adjustments for increase (decrease) in other current liabilities 11251000
Adjustments for provisions 0
Total adjustments for working capital -185524000
Total adjustments for reconcile profit (loss) 56442000
Net cash flows from (used in) operations 305861000
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 before extraordinary items 305861000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 305861000
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 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 31000
Purchase of property plant and equipment 268410000
Proceeds from sales of intangible assets 0
Purchase of intangible 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 53000
Interest received 21027000
Income taxes paid (refund) 47031000
Other inflows (outflows) of cash -711199000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -1005529000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -1005529000
Cash flows from used in financing activities
Proceeds from issuing shares 1907384000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 150000000
Repayments of borrowings 869474000
Dividends paid 0
Interest paid 142950000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -3339000
Net cash flows from (used in) financing activities before extraordinary items 1041621000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 1041621000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 341953000
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 341953000
Cash and cash equivalents cash flow statement at beginning of period 116554000
Cash and cash equivalents cash flow statement at end of period 458507000


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 Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 480516000
Reserves and surplus 4673840000
Money received against share warrants
Total shareholders' funds 5154356000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 135366000
Deferred tax liabilities (net) 8811000
Foreign currency monetary item translation difference liability account
Other long-term liabilities 51490000
Long-term provisions 0
Total non-current liabilities 195667000
6 Current liabilities
Short-term borrowings 818061000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 28087000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 296840000
Total Trade payable 324927000
Other current liabilities 74872000
Short-term provisions 50273000
Total current liabilities 1268133000
Total equity and liabilities 6618156000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 2064754000
Producing properties
Intangible assets 67249000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 91819000
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 2223822000
ii Non-current investments 651728000
v Deferred tax assets (net)
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 49976000
viii Other non-current assets 33311000
Total non-current assets 2958837000
Current assets
Current investments 0
Inventories 1729655000
Trade receivables 1077535000
Cash and cash equivalents 458507000
Bank balance other than cash and cash equivalents 269040000
Short-term loans and advances 27580000
Other current assets 97002000
Total current assets 3659319000
Total assets 6618156000
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-Jan-2025 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 Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Cranes 746002000 2250531000
2 Tractor 505634000 1410191000
3 Others 0 6978000
Total Segment Revenue 1251636000 3667700000
Less: Inter segment revenue
Revenue from operations 1251636000 3667700000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Cranes 86404000 240264000
2 Tractor 40532000 122404000
3 Others 0 710000
Total Profit before tax 126936000 363378000
i. Finance cost 28182000 142950000
ii. Other Unallocable Expenditure net off Unallocable income -16875000 -28991000
Profit before tax 115629000 249419000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Cranes 3008810000 3008810000
2 Tractor 2423384000 2423384000
3 Others 304216000 304216000
Total Segment Asset 5736410000 5736410000
Un-allocable Assets 881746000 881746000
Net Segment Asset 6618156000 6618156000
4 Segment Liabilities
Segment Liabilities
1 Cranes 309108000 309108000
2 Tractor 200294000 200294000
3 Others 971000 971000
Total Segment Liabilities 510373000 510373000
Un-allocable Liabilities 953427000 953427000
Net Segment Liabilities 1463800000 1463800000
Disclosure of notes on segments Textual Information(1)


Text Block
Textual Information(1) Reportable Segments are identified basis different products and services offered by the company.




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 M/s. Deepak Jindal & Co Yes 31-May-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 03-Mar-2025
Amount Raised 2601500000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Infomerics Valuation and Rating Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Setting up new Dedicated Unit for Expansion of our Pick & Carry Cranes Manufacturing Capacity Not applicable 700700000 0 17200000 0
2 Repayment or pre-payment, in full or part, of certain borrowings availed by our Company. Not applicable 500000000 0 500000000 0
3 Further Investment in our NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. Not applicable 450000000 0 450000000 0
4 General Corporate Purposes Not applicable 29900000 0 20100000 0


Signatory Details
Name of signatory Navpreet Kaur
Designation of person Company Secretary
Place Chandigarh
Date 28-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Any other transaction Rent Received Approved by Audit Committee 120000 0 0
2 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Purchase of goods or services Approved by Audit Committee 29219000 1915000 0
3 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Any other transaction Subvention Paid Approved by Audit Committee 20312000 0 0
4 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Advance Approved by Audit Committee 21285000 0 21285000
5 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Interest received Approved by Audit Committee 4798000 0 0
6 Indo Farm Equipment Limited Mr. R.S. Khadwalia Chairman & Managing Director Remuneration Approved by Audit Committee 9600000 498000 497000
7 Indo Farm Equipment Limited Mr. R.S. Khadwalia Chairman & Managing Director Any other transaction Rent Paid Approved by Audit Committee 1521000 0 0
8 Indo Farm Equipment Limited Mr. Anshul Khadwalia Whole-Time Director Remuneration Approved by Audit Committee 9600000 538000 548000
9 Indo Farm Equipment Limited Mr. Charan Singh Saini Whole-Time Director Remuneration Approved by Audit Committee 1794000 0 183000
10 Indo Farm Equipment Limited Mr. Kadappa Chinagundi Whole-Time Director Remuneration Approved by Audit Committee 1924000 416000 0
11 Indo Farm Equipment Limited Ms. Navpreet Kaur Company Secretary & Compliance Officer Remuneration Approved by Audit Committee 1261000 77000 94000
12 Indo Farm Equipment Limited Mr. Varun Sharma Chief Financial Officer Remuneration Approved by Audit Committee 1428000 91000 106000
13 Indo Farm Equipment Limited Ms. Diksha Khadwalia Relative of Director Remuneration Approved by Audit Committee 3000000 181000 188000
14 Indo Farm Equipment Limited Mr. Shubham Khadwalia Relative of Director Any other transaction Rent Paid Approved by Audit Committee 1800000 0 0
15 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Loan Approved by Audit Committee 0 49976000 49976000
16 Indo Farm Equipment Limited Mr. Shubham Khadwalia Relative of Director Remuneration Approved by Audit Committee 4286000 0 236000
17 Indo Farm Equipment Limited Barota Finance Limited Wholly Owned Subsidiary Investment Approved by Audit Committee 450000000 200000000 650000000
18 Indo Farm Equipment Limited Mr. BK Mahendroo Independent Director Any other transaction Sitting Fee Approved by Audit Committee 230000 0 180000
19 Indo Farm Equipment Limited Ms. Arshdeep Kaur Independent Director Any other transaction Sitting Fee Approved by Audit Committee 195000 0 149000
20 Indo Farm Equipment Limited Ms. Babita Dosajh Independent Director Any other transaction Sitting Fee Approved by Audit Committee 215000 0 167000
21 Indo Farm Equipment Limited Mr. Shubham Khadwalia Relative of Director Any other transaction Security Deposit Approved by Audit Committee 0 1500000 1500000
22 Indo Farm Equipment Limited Mr. R.S. Khadwalia Chairman & Managing Director Loan Approved by Audit Committee 150000000 0 150000000
Total value of transaction during the reporting period 712588000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0