KERNEX2024-04-012024-06-30 KERNEX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member KERNEX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member KERNEX2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member KERNEX2024-06-30 KERNEX2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532686 KERNEX NOTLISTED Kernex Microsystems (India) Limited Equity 2024-04-01 2025-03-31 2024-07-31 2024-07-28 INR Lakhs First quarter 16:10:00 20:55:00 2024-07-31 2024-07-31 Not applicable Single segment Safety Systems for Railways 2024-04-01 2024-06-30 Unaudited Consolidated 286770000.00 2363000.00 289133000.00 168306000.00 0.00 -13203000.00 35883000.00 10281000.00 6292000.00 47237000.00 254796000.00 34337000.00 0.00 34337000.00 0.00 -1350000.00 -1350000.00 0.00 35686000.00 0.00 0.00 0.00 0.00 35686000.00 -7000.00 35679000.00 36189000.00 -509000.00 0.00 0.00 167594000.00 10 2.16 2.16 0.00 0.00 2.16 2.16 Notes to the Consolidated Financial statements 1. The above statement of Unaudited Consolidated Financial Results of Kernex Microsystems (India) Limited ( the company ) which have been prepared in accordance with the Indian Accounting Standards ( Ind AS ) prescribed under section 133 of the companies act, 2013 ( the act ) read with relevant rules issued thereunder, other accounting generally accepted in India and guidelines issued by the Securities Exchange Board of India ( SEBI ) were reviewed and recommended by the Audit Committee are considered and approved by the Board of Directors their meeting held on July 31, 2024. These results are as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The Company Operates on one reportable Segment i.e Safety Systems for Railways and hence segment reporting as per Ind AS-108 is not applicable. 3. The auditors of the company qualified their report as they did not receive the unaudited financial results of VRRC KERNEX CE RVRJV (hereafter referred as 'JV ) as of date of report. Management is of opinion that JV started operations now and would be considered for consolidation from next quarter onwards. 4. The company's assessment of recoverability and impairment of the following financial assets has been included by the auditors under Emphasis of matter . The Management is of the view that these assets are good and recoverable and consequently no provision beyond what is carried in the books is required. a. Trade receivables from customers Rs 1594.83 lakhs (Including related party of Rs. 231.43 lakhs), (Previous year Rs 503.14 lakhs) net of Expected credit loss (ECL) provision. b. Minium alternative tax credit (MAT) Credit receivable is Rs 122.56 Lakhs. (Previous year Rs 122.56 lakhs). c. Margin money deposits with banks of Rs. 1,527.63 Lakhs (Previous year Rs. 1,511.06 lakhs) secured for customer guarantees of Rs 2,282.81 Lakhs (Previous Year Rs. 2,212.08 Lakhs) and under arbitration/negotiation. 5. The Results for the quarter ended June 30, 2024 are also available on websites of BSE Limited, National Stock Exchange Limited and on the company's website. 6.Figures for previous periods have been regrouped/rearranged, wherever considered necessary, inline with the current period presentation. 7.The consolidated results of the company is including the results of 100% wholly owned subsidiary namely Avant- Garde Infosystems Inc, USA and Joint Venture firm TICAS JV( 80% share is owned by Kernex Microsystems (India) limited. By order of the Board of Directors For Kernex Microsystems (India) Limited Place: Hyderabad Date: 31.07.2024 M B Narayana Raju Whole-Time Director DIN: 07793925 Amount transferred to capital expenditure -10338000.00 Other Expenses 18231000.00 Project Execution Expenses 39344000.00 0.00 Items that will be reclassified to Statement of Profit or loss -7000.00 -7000.00 0.00