SUTLEJTEX2023-10-012023-12-31 SUTLEJTEX2023-10-012023-12-31 SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SUTLEJTEX2023-12-31 SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member SUTLEJTEX2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member SUTLEJTEX2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member SUTLEJTEX2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SUTLEJTEX2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532782 SUTLEJTEX NOTLISTED Sutlej Textiles and Industries Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-01-25 INR Crores Third quarter 12:00:00 13:00:00 2024-02-08 2024-02-08 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 6074700000.00 44400000.00 6119100000.00 3186000000.00 133900000.00 431200000.00 966600000.00 143100000.00 291400000.00 1412500000.00 6564700000.00 -445600000.00 0.00 -445600000.00 -100000.00 -144700000.00 -144800000.00 0.00 -300800000.00 0.00 0.00 0.00 0.00 -300800000.00 2400000.00 -298400000.00 0.00 0.00 163800000.00 1 -1.84 -1.84 0.00 0.00 -1.84 -1.84 1. The above unaudited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7 February 2024 and 8 February 2024 and have been reviewed by the statutory auditors of the Company. These results have been prepared in accordance with Indian Accounting Standard ('Ind AS') prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. 2. The consolidated financial results of the Group are in accordance with the requirements of Ind AS 110 'Consolidated Financial Statements'. The consolidated financial results include results of Sutlej Textiles and Industries Limited and Sutlej Holdings Inc. and its step down subsidiary American Silk Mills, LLC. 3. Exceptional items (pertaining to the previous year): (a) The Group discarded Captive Co-Generation Power Plant (`CGPP') during the corresponding nine months ended 31 December 2022, since it was not considered viable to operate and carried it at the estimated net recoverable value of Rs. 11.85 crores which resulted in a loss of Rs. 23.66 crores. Subsequently, the Group entered into an agreement to sell the CGPP at a valuation of Rs. 15 crores which resulted in a gain of Rs. 3.15 crores. Accordingly, the loss on sale /discard for the entire previous year ended 31 March 2023 was Rs. 20.51 crores. (b) As at 31 March 2023, the Group carried out an impairment assessment of Goodwill pertaining to the business of overseas subsidiaries and recorded an impairment loss of Rs. 7.56 crores recognised during the previous year ended 31 March 2023. (c) In the previous year ended 31 March 2023, the Group has reversed excess interest subsidy claimed in earlier years amounting to Rs 8.31 crores including interest thereon in relation to a claim under Technology Upgradation Fund Scheme basis additional disallowances considered by the Ministry of Textiles. 4. Employee retention credit scheme (pertaining to the previous year): During the corresponding nine months ended 31 December 2022, the US Federal Government provided support to the business in the wake of COVID-19 pandemic through the employee retention credit scheme (`ERC'). American Silk Mills, LLC (USA) (wholly owned step-down subsidiary of the Parent Company) availed a benefit under this scheme amounting to Rs.1.65 crore and this benefit was recognized as other income. 5. The review report of the statutory auditors is being filed with BSE Limited and the National Stock Exchange of India Limited. For more details on unaudited financial results, visit the investor relation section of our website www.sutlejtextiles.com and financial results at the Corporate section of www.bseindia.com and www.nseindia.com. 6. Segment information as per hid AS-108, 'Operating Segment' is disclosed in Annexure-I. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 20468500000.00 152400000.00 20620900000.00 10901400000.00 586100000.00 1595200000.00 3203200000.00 497900000.00 891000000.00 4596900000.00 22271700000.00 -1650800000.00 0.00 -1650800000.00 1200000.00 -551900000.00 -550700000.00 0.00 -1100100000.00 0.00 0.00 0.00 0.00 -1100100000.00 8500000.00 -1091600000.00 0.00 0.00 163800000.00 1 -6.71 -6.71 0.00 0.00 -6.71 -6.71 Others 718700000.00 Power and Fuel 693800000.00 Others 2362600000.00 Power and Fuel 2234300000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 570100000.00 Yarn 5515600000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 1691300000.00 Yarn 18801200000.00 6085700000.00 20492500000.00 11000000.00 24000000.00 6074700000.00 20468500000.00 Add:Other unallocable income net of un-allocable expenditure -9400000.00 Home Textile -62400000.00 Yarn -230700000.00 Add:Other unallocable income net of un-allocable expenditure -27900000.00 Home Textile -143000000.00 Yarn -982000000.00 -302500000.00 -1152900000.00 143100000.00 497900000.00 0.00 0.00 -445600000.00 -1650800000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 2651500000.00 Yarn 17630300000.00 20281800000.00 216200000.00 20498000000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 1104100000.00 Yarn 6822300000.00 7926400000.00 2733000000.00 10659400000.00 Remeasurement of defined benefit plans 3800000.00 Tax adjustment on above -1300000.00 Remeasurement of defined benefit plans 11400000.00 Tax adjustment on above -4000000.00 2500000.00 7400000.00 0.00 0.00 Exchange differences on translation of operations into reporting currency -100000.00 Exchange differences on translation of operations into reporting currency 1100000.00 -100000.00 1100000.00 0.00 0.00