MADRASFERT2023-10-012023-12-31 MADRASFERT2023-10-012023-12-31 MADRASFERT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MADRASFERT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member MADRASFERT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MADRASFERT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member MADRASFERT2023-12-31 MADRASFERT2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MADRASFERT2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MADRASFERT2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member MADRASFERT2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MADRASFERT NOTLISTED Madras Fertilizers Limited Equity 2023-04-01 2024-03-31 2024-02-14 2024-02-07 INR Lakhs Third quarter 14:30:00 17:05:00 2024-02-14 2024-02-14 Not applicable Single segment Manufacturing of Chemical Fertilizers 2023-10-01 2023-12-31 Unaudited Standalone 5560500000.00 99800000.00 5660300000.00 4323700000.00 34000000.00 -171100000.00 266000000.00 157600000.00 30000000.00 973900000.00 5614100000.00 46200000.00 -563100000.00 -516900000.00 0.00 0.00 0.00 0.00 -516900000.00 0.00 0.00 0.00 0.00 -516900000.00 7600000.00 -509300000.00 0.00 0.00 1611000000.00 10 -3.21 -3.21 0.00 0.00 -3.21 -3.21 1.During the period ending December 31, 2023, there was a shut-down of plants. 2 The production level of the plants was below the fixed target.3 Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue. Further, the Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment. Hence, there is no requirement of segment reporting for the Company as per Ind AS 108 (Segment Reporting).4 The revenue from operations includes a sum of Rs.1,30,460 Lakhs consisting of a. Rs.1,27,279 Lakhs towards subsidy for Neem coated Urea,b. Rs. 3089 Lakhs for freight subsidy and c. Rs.92 Lakhs towards refund from GAIL on the pooled price for FY 2020-21.The subsidy eligible for Neem coated Urea has been arrived at by the Company in accordance with policy parameters framed by GoI. The rate adopted by the Company for accounting the subsidy claim amounting to Rs.44,539 per MT. The said rate is subject to variation upon final determination of rates by GoI under new pricing scheme. The impact on the variation of subsidy rate will be given effect to in the accounts as and when the final approved rate is communicated by GoI.5 The Company has defaulted in the repayment of principal of Rs.55424 Lakhs and interest of Rs.87747 Lakhs in respect of loans availed from GoI. The proposal of restructuring the said loan with GOI is under progress.6 The provision for liability towards gratuity, post-retirement benefits, leave encashment and depreciation has been made on an estimated basis.7 Other comprehensive income of Rs.11759 Lakhs, consists of gains on fair value changes of unquoted equity shares in Indian Potash Ltd and Fortune Biotech Ltd held by the Company, net of tax effect on the same of Rs.2,685 Lakhs. The fair value of the unquoted equity shares has been arrived at net book value model based on the audited consolidated financial statements of the said company for the FY 2022-23.Deferred tax in respect of other timing differences, as applicable, will be considered at the year-end.8. In view of the losses incurred for the quarter ended December 31, 2023, no provision for income tax has been considered in the financials.9. Amount shown under current assets includes Input tax Credit on GST amounting to Rs 18,608 lakhs. The company has undertaken the process of reconciliation of input as per books of accounts and GST returns. The company has provided a sum of for Rs 4,833 lakhs against the unreconciled ITC. The company shall make additional provision, if any required, at the year end, on completion of the said reconciliation process.10. GST department has passed orders for the following years and has raised a demand of Rs.19067 Lakhs on the Company.The Company has filed writ petitions contesting the liability of Rs.18901 Lakhs and is in the process of filing an Appeal for the balance liability of Rs.166 lakhs. Pending the outcome of the Writ / Appeal proceedings, no provision has been considered necessary for the above demand of Rs.19067 Lakhs.11 The amount of Rs.5631 Lakhs shown under exceptional item consists of loss of inventory due to Michaung cyclone floods in Chennai during the month of December 2023. 12 The Company has lodged an insurance claim with the insurance company for the recovery of the stock loss as stated above. Pending the process of the claim by the insurance company, the Company has not considered the amount realizable as an item of income for the period ending December 31, 2023.13 In accordance with notification issued by Government of India on pay revision of executives, a provision of Rs.397 Lakhs is made during the quarter. The said amount consists of arrears of pay for the period 1 Apr 2023 to 31 Dec 2023. 14 The figures for the previous periods have been re-grouped, wherever necessary, so as to conform to the current period's classification. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 14699400000.00 227400000.00 14926800000.00 11430400000.00 90000000.00 -530000000.00 757800000.00 480200000.00 90100000.00 2872600000.00 15191100000.00 -264300000.00 -563100000.00 -827400000.00 0.00 0.00 0.00 0.00 -827400000.00 0.00 0.00 0.00 0.00 -827400000.00 907400000.00 80000000.00 0.00 0.00 1611000000.00 10 -5.14 -5.14 0.00 0.00 -5.14 -5.14 Operating Expenses 889300000.00 Other Expenses 84600000.00 Operating Expenses 2698400000.00 Other Expenses 174200000.00 Items that will not be reclassified to profit or loss 700000.00 Items that will not be reclassified to profit or loss 1175900000.00 700000.00 1175900000.00 0.00 0.00 Tax expenses / bebefit on above 6900000.00 Tax expenses / bebefit on above -268500000.00 6900000.00 -268500000.00 0.00 0.00