MADRASFERT2024-04-012024-06-30 MADRASFERT2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member MADRASFERT2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member MADRASFERT2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 590134 MADRASFERT NOTLISTED Madras Fertilizers Limited Equity 2024-04-01 2025-03-31 2024-08-14 2024-08-05 INR Lakhs First quarter 12:00:00 15:45:00 2024-08-14 2024-08-14 Not applicable Single segment Manufacturing of Chemial Fertilizers 2024-04-01 2024-06-30 Unaudited Standalone 6551500000.00 86900000.00 6638400000.00 3623200000.00 18900000.00 -439200000.00 332700000.00 170700000.00 30000000.00 2361200000.00 6097500000.00 540900000.00 0.00 540900000.00 136100000.00 0.00 136100000.00 0.00 404800000.00 0.00 0.00 0.00 0.00 404800000.00 0.00 404800000.00 0.00 0.00 1611000000.00 10 2.51 2.51 0.00 0.00 2.51 2.51 Notes: 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on14thAugust 2024. The results for the Quarter ended 30thJune 2024 have been subjected to Limited Review by the Statutory Auditors. 2. 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 financial results are prepared and presented in accordance with the significant accounting policies and methods as adopted in the audited financial statements for the quarter ended 30th June, 2024. 3. During the quarter ending Jun 30, 2024, there was a shut-down of plants as detailed hereunder: Plant Number of days Reason Ammonia Plant 0 Urea Plant 1.5 Ammonia plant K1604 3rddisch U/S flange leak. Complex Fertilizer Plants Entire quarter Problem in procurement of raw material 4. Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue. Further, the Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment. Hence, there is no requirement of segment reporting for the Company as per Ind AS 108 (Segment Reporting). 5. The revenue from operations includes a sum of Rs.59495 Lakhs consisting of : a. Rs.58031 Lakhs towards subsidy for Neem coated Urea and b. Rs.1464 Lakhs for freight subsidy. The subsidy eligible for Neem coated urea has been arrived at by the Company in accordance with policy parameters framed by GoI. The rate adopted by the Company for accounting the subsidy claim amounting to Rs 45691 per MT. The said rate is subject to variation upon final determination of rates by GoI under new pricing scheme. The impact on the variation of subsidy rate will be given effect to in the accounts as and when the same is communicated by GoI. 6. The Company has defaulted in the repayment of principal of Rs.55424 Lakhs and interest of Rs.88921 Lakhs in respect of loans availed from GoI. The proposal of restructuring the said loan with GOI is under progress. 7. The provision for liability towards gratuity, post-retirement benefits, leave encashment and depreciation has been made on an estimated basis 8. Provision for income tax has been made on an estimated basis on the profits for the quarter. 9. GST department has passed orders for the following years and has raised a demand of Rs.19067 Lakhs on the Company. Financial Year Notice dated Amount (Rs Lakhs) 2017-18 07-06-2023 166 2018-19 12-06-2023 10,221 2019-20 13-06-2023 8,680 19,067 The Company has filed writ petitions contesting the liability of Rs.18901 Lakhs and has filed an Appeal in the appropriate appellate forum for contesting the liability of Rs.166 lakhs. Pending the outcome of the Writ / Appeal proceedings, no provision has been considered necessary for the above demand of Rs.19067 Lakhs. Kindly refer BM outcome letter for full notes Operating and Maintenance Expenses 2312500000.00 Other Expenses 48700000.00 0.00 0.00