TITAGARH2024-01-012024-03-31 TITAGARH2024-01-012024-03-31 TITAGARH2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member TITAGARH2024-03-31 TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TITAGARH2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532966 TITAGARH NOTLISTED TITAGARH RAIL SYSTEMS LIMITED Equity 2023-04-01 2024-03-31 2024-05-15 2024-05-08 INR Lakhs Yearly 12:30:00 19:15:00 2024-05-15 2024-05-15 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Unaudited Consolidated 10524112000.00 146743000.00 10670855000.00 8066830000.00 0.00 7979000.00 181431000.00 158340000.00 69858000.00 1067151000.00 9551589000.00 1119266000.00 -22116000.00 1097150000.00 259024000.00 26801000.00 285825000.00 0.00 811325000.00 -21845000.00 0.00 -21845000.00 0.00 789480000.00 -2555000.00 786925000.00 789480000.00 0.00 786925000.00 0.00 269348000.00 2 6.37 6.37 -0.17 -0.17 6.20 6.20 Notes: The consolidated financial results of Titagarh Rail Systems Limited hereinafter referred to as Parent Company include results of its subsidiary Titagarh Singapore Pte Limited also refer note 3c collectively referred to as Group one associate namely Titagarh Firema SpA& four joint ventures namely Titagarh Mermec Pvt Ltd,Ramkrishna Titagarh Rail Wheels Ltd w.e.f 9/6/23 Titagarh Firema Engineering Services Private Limited w.e.f 16/09/23 and Shivaliks Mercantile Pvt Ltd w.e.f 12/02/24 During the year Parent Company has raised Rs28880lacs through issue of 7600000 fresh equity shares by way of preferential allotment and Rs.69999.99lacs through issue of 7502679 fresh equity shares by way of QIP The net proceeds from the above were utilized for purposes as stated in the respective offer document other than Rs.9387.74lacs relating to QIP which is lying unspent as of 31/03/24.In accordance with INDAS 32 the costs that are directly attributable to the above transactions have been adjusted in equity. As a result of loss of control over TFA w.e.f 9/9/22 the results of TFA has been disclosed as discontinued operations The results for the qtr ended 31/12/22 and for the period 9/9/22 to 31/3/23 were considered based on management accounts b Represents amounts awarded in favour of the Parent Company and its subsidiary amounting to Rs 1158.02 lacs by the Commercial Court of Paris with respect to its claims relating to Titagarh Wagons AFR France and also reversal of provisions amounting to Rs 1603.76 lacs relating to the same entity disclosed as discontinued operations in earlier years which are no longer deemed necessary The voluntary winding up of TSPL at Singapore has already been initiated in the previous year in accordance with local laws and the same is expected to be completed in the next year. Accordingly, financial statements of TSPL has been prepared on liquidation basis fair value and the results for all the period reported has been disclosed as discontinuing operations The Operating segments based on the Groups products has been identified as Freight Rail Systems which includes shipbuiding, bridges and defence & PRS. During the year, Parent Company has invested in the following joint ventures, RTRWL On 09/06/23 the Company and Ramkrishna Forgings Ltd formed a JV RTRWL for manufacturing and supply of forged wheels under long term agreement under Aatma Nirbhar Bharat The Company has invested Rs 6124.88 lacs in RTRWL till 31/3/24. b Titagarh Firema Engineering Services Private Limited TFESPL On 16/9/23 the Company and Titagarh Firema SPA Firema formed TFESPL to carry on the business of research engineering and design related services to support passenger rail segment business The Company has invested Rs 196 lacs in TFESPL till 31/03/24 c Shivaliks Mercantile Private Limited SMPL On 24/01/24 the Company and Sidwal Refrigeration Private Limited a wholly owned subsidiary of Amber Enterprises India Ltd entered into a strategic alliance pursuant whereto they have invested Rs10000 lacs each in the equity capital of SMPL JV-SPV company Shivaliks SPV for making fresh investments into Firema alongwith fresh investment by Invitalia an investment arm of Government of Italy and to carry on the business of railway components and subsystems for Rolling Stock SMPL holds 35 percent of the equity share capital of Titagarh Firema SPA as at 31/03/24. For full notes please refer pdf uploaded under quick results. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 38533004000.00 398071000.00 38931075000.00 29517047000.00 0.00 363761000.00 662903000.00 734542000.00 271012000.00 3469988000.00 35019253000.00 3911822000.00 -26084000.00 3885738000.00 1029876000.00 -28476000.00 1001400000.00 0.00 2884338000.00 -22922000.00 0.00 -22922000.00 0.00 2861416000.00 3207000.00 2864623000.00 2861416000.00 0.00 2864623000.00 0.00 269348000.00 2 0.00 22.64 22.64 -0.18 -0.18 22.46 22.46 Other Expenses 1067151000.00 Other Expenses 3469988000.00 0.00 6476425000.00 1078038000.00 82124000.00 0.00 923721000.00 657588000.00 0.00 1606004000.00 497189000.00 0.00 0.00 528532000.00 1025721000.00 0.00 573633000.00 12423254000.00 5237235000.00 0.00 5325229000.00 3289826000.00 2801128000.00 0.00 176802000.00 11592985000.00 0.00 3037909000.00 19868129000.00 0.00 0.00 32291383000.00 269348000.00 22041244000.00 22310592000.00 22310592000.00 373575000.00 0.00 937028000.00 1310603000.00 35409000.00 106446000.00 0.00 1227889000.00 2680347000.00 288985000.00 3194443000.00 319911000.00 3803339000.00 3195729000.00 167115000.00 134261000.00 0.00 7300444000.00 0.00 0.00 9980791000.00 32291383000.00 Freight Rail Systems 10168730000.00 Passenger Rail Systems 355382000.00 Freight Rail Systems 34175739000.00 Passenger Rail Systems 4357265000.00 10524112000.00 38533004000.00 10524112000.00 38533004000.00 Freight Rail Systems 1278602000.00 Passenger Rail Systems 7469000.00 Freight Rail Systems 4432407000.00 Passenger Rail Systems 131509000.00 1286071000.00 4563916000.00 -1810000.00 284587000.00 190731000.00 393591000.00 1097150000.00 3885738000.00 Freight Rail Systems 15516208000.00 Passenger Rail Systems 5925793000.00 21442001000.00 10849382000.00 32291383000.00 Freight Rail Systems 6699422000.00 Passenger Rail Systems 2018749000.00 8718171000.00 1262620000.00 9980791000.00 734542000.00 -784783000.00 -2610403000.00 0.00 0.00 1541870000.00 0.00 0.00 0.00 -16817000.00 0.00 -1285427000.00 0.00 271012000.00 0.00 123449000.00 0.00 0.00 0.00 5640000.00 0.00 195464000.00 0.00 -51946000.00 -26084000.00 0.00 -22922000.00 243428000.00 0.00 -2021737000.00 1864001000.00 0.00 0.00 0.00 1006070000.00 0.00 857931000.00 0.00 0.00 0.00 0.00 0.00 1632088000.00 0.00 0.00 0.00 1635234000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3103460000.00 0.00 0.00 0.00 0.00 0.00 164903000.00 0.00 837250000.00 0.00 -5368629000.00 0.00 0.00 9746777000.00 0.00 0.00 0.00 0.00 0.00 0.00 1834016000.00 0.00 135154000.00 63811000.00 469937000.00 0.00 0.00 7243859000.00 2733161000.00 2610000.00 2735771000.00 554055000.00 3289826000.00 Remeasurement gains/ (losses) on defined benefit plans -1039000.00 Remeasurement gains/ (losses) on defined benefit plans -1197000.00 -1039000.00 -1197000.00 -261000.00 -301000.00 Net Gain/(Loss) on Foreign Currency Translation Differences -3002000.00 Fair value change of cash flow hedges 1712000.00 Net Gain/(Loss) on Foreign Currency Translation Differences 2593000.00 Fair value change of cash flow hedges 2093000.00 -1290000.00 4686000.00 487000.00 583000.00