SUTLEJTEX2024-01-012024-03-31 SUTLEJTEX2024-01-012024-03-31 SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member SUTLEJTEX2024-03-31 SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member SUTLEJTEX2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member SUTLEJTEX2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member SUTLEJTEX2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member SUTLEJTEX2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member SUTLEJTEX2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532782 SUTLEJTEX NOTLISTED Sutlej Textiles and Industries Limited Equity 2023-04-01 2024-03-31 2024-05-09 2024-04-30 INR Crores Yearly 12:00:00 13:50:00 2024-05-09 2024-05-09 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Standalone 6500000000.00 87900000.00 6587900000.00 3509900000.00 200300000.00 183500000.00 943400000.00 147800000.00 274900000.00 1577300000.00 6837100000.00 -249200000.00 -189600000.00 -438800000.00 6100000.00 -136200000.00 -130100000.00 0.00 -308700000.00 0.00 0.00 0.00 0.00 -308700000.00 28000000.00 -280700000.00 0.00 0.00 163800000.00 1 -1.88 -1.88 0.00 0.00 -1.88 -1.88 1. The above standalone audited annual financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 8 May 2024 and 9 May 2024. These results have been prepared in accordance with Indian Accounting Standard (`IndAS') 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. Exceptional items: (a) As at 31 March 2024, the Company carried out an impairment assessment of its investment in wholly-owned subsidiary (including step down subsidiary) in accordance with Ind AS 36 and compared the carrying value of investments with their recoverable amounts. The recoverable amount determined based on the value in use derived from discounted forecast cash flow model performed by an independent valuer. The carrying amount of the investment in wholly owned subsidiary (including step down subsidiary) has determined to be higher than its recoverable amount and an impairment loss of Rs.10.51 crores (for the corresponding previous quarter ended 31 March 2023 was Rs. 27.18 crores) is recognised during the quarter ended 31 March 2024. (b) Due to challenging market conditions in the spinning industry, the Company has decided not to proceed with the greenfield expansion project in its yarn business, which was approved by the Board of Directors (BOD). The land allotted for the project has been surrendered and as per the agreement, surrender fee of 20% of the land premium (Rs. 7.68 crores) has been written off. Additionally, lease rent and other expenses has been written of Rs.0.77 crores. Total written off of Rs. 8.45 crores has been disclosed as an Exceptional item . Balance amount receivable of Rs. 31.21 crores from J&K SIDCO (after deducting the surrender fee) is presented under the head Other current financial assets . The Company is confident that the amount will be recovered in due course. (c) The Company discarded Captive Co-Generation Power Plant ('CGPP') at one of its yarn business units during the previous year ended 31 March 2023, since it was not considered viable to operate and carried it at the estimated net recoverable value of Rs.15 crores which resulted in a loss of Rs. 20.51 crores on sale /discard during the previous year ended 31 March 2023. (d) In the previous year ended 31 March 2023, the Company 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 (TUFS) basis additional disallowances considered by the Ministry of Textiles in its yarn business. 3. The figures for the quarter ended 31 March 2024 and 31 March 2023 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures up to 31 December 2023 and 31 December 2022. Also, the figures up to the end of the third quarter were only reviewed and not subject to audit. 4. The audited report of the statutory auditors is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on audited financial results, visit investor relation section of our website www.sutlejtextiles.com and financial results at Corporate section of www.bseindia.com and www.nseindia.com. 5. Segment information as per Ind AS-108, 'Operating Segment' is disclosed in Annexure-I. Multi segment 2023-04-01 2024-03-31 Audited Standalone 26717200000.00 242300000.00 26959500000.00 14323600000.00 682900000.00 1787100000.00 4092500000.00 631500000.00 1153300000.00 6125900000.00 28796800000.00 -1837300000.00 -189600000.00 -2026900000.00 7300000.00 -688100000.00 -680800000.00 0.00 -1346100000.00 0.00 0.00 0.00 0.00 -1346100000.00 35400000.00 -1310700000.00 0.00 0.00 163380000.00 1 0.00 -8.22 -8.22 0.00 0.00 -8.22 -8.22 Others 866100000.00 Power and Fuel 711200000.00 Others 3180400000.00 Power and Fuel 2945500000.00 10493300000.00 76900000.00 0.00 0.00 53200000.00 0.00 0.00 0.00 151400000.00 0.00 0.00 149200000.00 300600000.00 30500000.00 180200000.00 11134700000.00 4973300000.00 0.00 3450700000.00 26400000.00 29400000.00 0.00 910000000.00 4416500000.00 0.00 368900000.00 9758700000.00 77800000.00 0.00 20971200000.00 163800000.00 9598700000.00 9762500000.00 9762500000.00 2754100000.00 0.00 72500000.00 2826600000.00 128700000.00 330200000.00 0.00 28800000.00 3314300000.00 5488500000.00 1509900000.00 573200000.00 7571600000.00 190500000.00 132300000.00 0.00 0.00 7894400000.00 0.00 0.00 11208700000.00 20971200000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 388000000.00 Less:Exceptional Items 0.00 Yarn 6124800000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 1828000000.00 Less:Exceptional Items 0.00 Yarn 24926000000.00 6512800000.00 26754000000.00 12800000.00 36800000.00 6500000000.00 26717200000.00 Add:Other unallocable income net of un-allocable expenditure 23200000.00 Home Textile -57400000.00 Less:Exceptional Items -189600000.00 Yarn -67200000.00 Add:Other unallocable income net of un-allocable expenditure -4700000.00 Home Textile -151900000.00 Less:Exceptional Items -189600000.00 Yarn -1049200000.00 -291000000.00 -1395400000.00 147800000.00 631500000.00 0.00 0.00 -438800000.00 -2026900000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 2224300000.00 Less:Exceptional Items 0.00 Yarn 18506600000.00 20730900000.00 240300000.00 20971200000.00 Add:Other unallocable income net of un-allocable expenditure 0.00 Home Textile 771400000.00 Less:Exceptional Items 0.00 Yarn 7672100000.00 8443500000.00 2765200000.00 11208700000.00 631500000.00 2364800000.00 -195300000.00 0.00 20200000.00 0.00 0.00 -26600000.00 0.00 118200000.00 0.00 -12700000.00 0.00 1153300000.00 0.00 34500000.00 0.00 -53900000.00 0.00 0.00 13300000.00 90800000.00 0.00 0.00 0.00 0.00 177300000.00 0.00 0.00 4107200000.00 2080300000.00 0.00 0.00 0.00 -165200000.00 0.00 2245500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62000000.00 557100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13300000.00 90700000.00 0.00 8300000.00 0.00 -382800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 964000000.00 2032100000.00 0.00 500000.00 163800000.00 0.00 0.00 -640400000.00 -1872800000.00 -10100000.00 0.00 -10100000.00 36500000.00 26400000.00 44500000.00 54500000.00 16500000.00 19100000.00 0.00 0.00