INDORAMA2024-04-012024-06-30 INDORAMA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member INDORAMA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member INDORAMA2024-06-30 INDORAMA2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500207 INDORAMA NOTLISTED Indo Rama Synthetics (India) Limited Equity 2024-04-01 2025-03-31 2024-08-09 2024-08-01 INR Crores First quarter 12:21:00 16:05:00 2024-08-09 2024-08-09 Not applicable Single segment Polyester Yarns 2024-04-01 2024-06-30 Unaudited Consolidated 9443000000.00 11000000.00 9454000000.00 7072900000.00 477500000.00 -85900000.00 347900000.00 380200000.00 115600000.00 1337600000.00 9645800000.00 -191800000.00 0.00 -191800000.00 0.00 0.00 0.00 0.00 -191800000.00 0.00 0.00 0.00 0.00 -191800000.00 0.00 -191800000.00 0.00 0.00 0.00 0.00 2611100000.00 10 -0.73 -0.73 0.00 0.00 -0.73 -0.73 INDO RAMA SYNTHETICS (INIDA) LIMITED Notes to the statement of consolidated unaudited financial results for the quarter ended 30 June 2024: 1. The consolidated financial results have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 as amended. 2. The above consolidated financial results of Indo Rama Synthetics (India) Limited (“the Company” or “the Holding Company”) and its subsidiaries (collectively known as “the Group”) are prepared in accordance with the requirements of the Indian Accounting Standard (“Ind AS”) 110 “Consolidated Financial Statements”. The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of Indo Rama Synthetics (India) Limited in their respective meetings held on 09 August 2024. The statutory auditors of the Holding Company have carried out a limited review of these results. 3. The current liabilities of the Group exceed its current assets by Rs. 694.33 crore as at 30 June 2024 and the Group has incurred losses in the quarter then ended. However, considering the future business projections supported by capacity expansion through de-bottlenecking of the existing plants, commissioning of manufacturing lines in subsidiaries during the previous year, favourable industry focused trade policies of the government and sufficient existing and expected credit facilities with the Group from the bankers, the management believes that the Group will be able to realize its assets and will be able to meet its liabilities in the normal course of business. 4. The Group carries an amount of Rs. 258.61 crore as deferred tax assets (net) as at 30 June 2024. The management of the Company is confident of generating sufficient taxable profits to realize aforesaid deferred tax assets based on future business projections which is supported by capacity expansion through Debottlenecking of the existing plants and favourable industry focused trade policies of the Government that are expected to enhance the operations and profitability of the Company. 5. The Group's primary business segment is reflected based on principal business activities carried on by the Group. As per Indian Accounting Standard 108, Operating Segments, as notified under the Companies (Indian Accounting Standards) Rules, 2015, the Group operates in one reportable segment i.e. manufacturing and trading of polyester goods. 6. Figures for the quarter ended 31 March 2024 as reported in these financial results are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the respective financial year. Also, the figures upto the end of the third quarter were only reviewed and not subjected to audit. 7. For more details on results, visit Investor Relations section of our website at www.indoramaindia.com and financial results under Corporate section of www.nseindia.com and www.bseindia.com. Foreign Exchange Fluctuation Loss/Gain -3500000.00 Other Expenses 1341100000.00 Items that will not be re-classified to Profit or loss 0.00 0.00 0.00 0.00