BGRENERGY2024-01-012024-03-31 BGRENERGY2024-01-012024-03-31 BGRENERGY2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member BGRENERGY2024-03-31 BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member BGRENERGY2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member BGRENERGY2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member BGRENERGY2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member BGRENERGY2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member BGRENERGY2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532930 BGRENERGY NOTLISTED BGR Energy Systems Limited Equity 2023-04-01 2024-03-31 2024-05-30 2024-05-23 INR Lakhs Yearly 12:00:00 17:30:00 2024-05-30 2024-05-30 true Cash Flow Indirect Statement on impact of audit qualification Multi segment 2024-01-01 2024-03-31 Audited Consolidated 1700100000.00 960400000.00 2660500000.00 -2225200000.00 0.00 0.00 283500000.00 1256400000.00 30100000.00 2021000000.00 1365800000.00 1294700000.00 0.00 1294700000.00 0.00 300000.00 300000.00 0.00 1294400000.00 0.00 0.00 0.00 0.00 1294400000.00 53000000.00 1347400000.00 1305200000.00 -10800000.00 1358200000.00 -10800000.00 721600000.00 10 18.08 18.08 0.00 0.00 18.08 18.08 0.00 0.00 0.00 1.The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on May 29, 2024 and May 30, 2024, respectively. 2.The Consolidated financial statements for the year ending 31.03.2024, have been prepared with the unaudited financial statements of Sravanaa properties Limited, unaudited financial statements of BGR Boilers Private Limited and unaudited financial statements of BGR Turbines Company Private Limited. 3.The Consolidated Financial Statements are prepared in accordance with Ind AS 110 - Consolidated Financial Statement and Ind AS 111 - Joint Arrangements . 4.These Consolidated Financial results have been prepared in accordance with Companies (Indian Accounting Standards), Rules, 2015 (as amended) under section 133 of the Companies Act, 2013. 5.Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and published (regrouped) year to date figures upto the 3rd Quarter of the current financial year. 6.The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification. 7.The consolidated unaudited financial results includes the interim financial information of three subsidiaries and one joint venture, which have not been reviewed by their auditors and are considered based on accounts certified by their respective management. 8.The financial statements of the subsidiaries namely, BGR Boilers Private Limited for the year ended 31.03.2022 and 31.03.2023 and BGR Turbines Company Private Limited for the year ended 31.03.2023 are yet to be audited. 9.These Consolidated Financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013. The Interim Consolidated Financial results are prepared and presented in accordance with the significant accounting policies and methods, as adopted in the audited consolidated financial statements for the year ended 31st March 2024. 10. Figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 10123600000.00 1090600000.00 11214200000.00 8431400000.00 0.00 0.00 1153100000.00 4451000000.00 133900000.00 3899200000.00 18068600000.00 -6854400000.00 0.00 -6854400000.00 0.00 753600000.00 753600000.00 0.00 -7608000000.00 0.00 0.00 0.00 0.00 -7608000000.00 54500000.00 -7553500000.00 -7581800000.00 -26200000.00 -7527300000.00 -26200000.00 721600000.00 10 -7330000000.00 -105.07 -105.07 0.00 0.00 -105.07 -105.07 0.00 0.00 0.00 Cost of Manufacturing and Construction 229100000.00 Other Direct Cost 87200000.00 Other Expenses 1704700000.00 Cost of Manufacturing and Construction 813000000.00 Other Direct Cost 272000000.00 Other Expenses 2814200000.00 -454200000.00 2964100000.00 0.00 25200000.00 0.00 5900000.00 0.00 0.00 0.00 20500000.00 1259600000.00 351300000.00 0.00 1631400000.00 0.00 0.00 4626600000.00 433600000.00 0.00 5800000000.00 239600000.00 662500000.00 4317500000.00 41100000.00 11060700000.00 0.00 27461300000.00 38955600000.00 0.00 0.00 43582200000.00 721600000.00 -7330000000.00 -6608400000.00 -7062600000.00 4321300000.00 1025900000.00 22300000.00 5369500000.00 1294600000.00 0.00 0.00 0.00 6664100000.00 13978700000.00 12034100000.00 13896600000.00 39909400000.00 3964800000.00 106500000.00 0.00 0.00 43980700000.00 0.00 0.00 50644800000.00 43582200000.00 1.During the second half of this financial year, the Company received communication from the banks regarding classification of credit exposure of the Company as Substandard pursuant to RBI divergence report. The Company enjoys fund based (Rs.1398 crs) and non fund based (Rs.2358 crs) limits from 12 banks amounting to Rs.3756 crs. Out of this, 9 banks have classified the account as NPA amounting to Rs.3399 crs . 2.During the second half of this financial year, the Company has accounted for termination/short closure of certain contracts and revision of project budget which has impacted the turnover. Total shortclosure/termination of contracts is amounting to Rs.479758 lakhs during the year. 3.Bank guarantees encashed by clients amonting to Rs.36241 lakhs which form part of other current asset and the Company has initiated arbitration proceedings. Subsequently, till 29.05.2024 further 4 clients encashed BG valuing Rs.129336 lakhs. 4.The promoters have infused funds in the form of Unsecured loan. The Company is taking efforts for debt restructuring and infusion of strategic investor. The Company is making all efforts of implementing a restructuring plan and therefore the accounts of the Company has been prepared on Going concern basis . 5.The income from operations includes claim settlement of Rs.663 crs received from a customer. Provision of Rs.550 crs was accounted in third quarter. Based on agreeement reached with counter parties the cost has been finalised as Rs.190 crs resulting in reversal of provision to the extent of Rs.360 crs during this quarter. Consequently this being an adjusting event relating to the reporting period, the cost of material is adjusted during the quarter. 6.Pursuant to the orders of the The Honourable Rajasthan High court on 21.12.2023, the Company received demand notice from the Rajasthan VAT authorities amounting to Rs.508.69 crs (Tax Rs.145.52 crs and Interest Rs.363.17 crs) on 12.01.2024. SLP has been filed in Supreme court on 29.04.2024. Capital Goods 414100000.00 Construction and EPC contracts 1286400000.00 Unallocated 0.00 Capital Goods 2067100000.00 Construction and EPC contracts 8066300000.00 Unallocated 0.00 1700500000.00 10133400000.00 400000.00 9800000.00 1700100000.00 10123600000.00 Capital Goods -946700000.00 Construction and EPC contracts 3491100000.00 Unallocated 6700000.00 Capital Goods -1074100000.00 Construction and EPC contracts -1354200000.00 Unallocated 24900000.00 2551100000.00 -2403400000.00 1256400000.00 4451000000.00 0.00 1.During the second half of this financial year, the Company received communication from the banks regarding classification of credit exposure of the Company as Substandard pursuant to RBI divergence report. The Company enjoys fund based (Rs.1398 crs) and non fund based (Rs.2358 crs) limits from 12 banks amounting to Rs.3756 crs. Out of this, 9 banks have classified the account as NPA amounting to Rs.3399 crs . 2.During the second half of this financial year, the Company has accounted for termination/short closure of certain contracts and revision of project budget which has impacted the turnover. Total shortclosure/termination of contracts is amounting to Rs.479758 lakhs during the year. 3.Bank guarantees encashed by clients amonting to Rs.36241 lakhs which form part of other current asset and the Company has initiated arbitration proceedings. Subsequently, till 29.05.2024 further 4 clients encashed BG valuing Rs.129336 lakhs. 4.The promoters have infused funds in the form of Unsecured loan. The Company is taking efforts for debt restructuring and infusion of strategic investor. The Company is making all efforts of implementing a restructuring plan and therefore the accounts of the Company has been prepared on Going concern basis . 5.The income from operations includes claim settlement of Rs.663 crs received from a customer. Provision of Rs.550 crs was accounted in third quarter. Based on agreeement reached with counter parties the cost has been finalised as Rs.190 crs resulting in reversal of provision to the extent of Rs.360 crs during this quarter. Consequently this being an adjusting event relating to the reporting period, the cost of material is adjusted during the quarter. 6.Pursuant to the orders of the The Honourable Rajasthan High court on 21.12.2023, the Company received demand notice from the Rajasthan VAT authorities amounting to Rs.508.69 crs (Tax Rs.145.52 crs and Interest Rs.363.17 crs) on 12.01.2024. SLP has been filed in Supreme court on 29.04.2024. 0.00 1294700000.00 -6854400000.00 Capital Goods 1579000000.00 Construction and EPC contracts 41692000000.00 Unallocated 311200000.00 43582200000.00 0.00 43582200000.00 Capital Goods 4066800000.00 Construction and EPC contracts 42256700000.00 Unallocated 4321300000.00 50644800000.00 0.00 50644800000.00 4451000000.00 -9800000.00 1668600000.00 0.00 3224900000.00 0.00 0.00 0.00 0.00 -1471800000.00 0.00 0.00 0.00 133900000.00 0.00 -77700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 110800000.00 54600000.00 0.00 8084500000.00 1230100000.00 -100000.00 0.00 0.00 -273800000.00 0.00 1503800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14400000.00 11100000.00 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 100000.00 0.00 0.00 0.00 0.00 3400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1458000000.00 0.00 0.00 8400000.00 0.00 2879000000.00 0.00 0.00 -1429400000.00 77800000.00 0.00 77800000.00 161800000.00 239600000.00 -53000000.00 -54500000.00 0.00 0.00