INCREDIBLE2024-07-012024-09-30 INCREDIBLE2024-07-012024-09-30 INCREDIBLE2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member INCREDIBLE2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member INCREDIBLE2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 538365 INCREDIBLE NOTLISTED INCREDIBLE INDUSTRIES LIMITED Equity 2024-04-01 2025-03-31 2024-11-12 2024-11-05 INR Lakhs Half yearly 14:30:00 15:40:00 2024-11-12 2024-11-12 true Cash Flow Indirect Not applicable Single segment Iron & Steel 2024-07-01 2024-09-30 Unaudited Standalone 1811704000.00 1034000.00 1812738000.00 1651411000.00 0.00 -39753000.00 21186000.00 8184000.00 13444000.00 148048000.00 1802520000.00 10218000.00 0.00 10218000.00 4932000.00 -14722000.00 -9790000.00 0.00 20008000.00 0.00 0.00 0.00 0.00 20008000.00 27000.00 20035000.00 0.00 0.00 467638000.00 10 0.43 0.43 0.00 0.00 0.43 0.43 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their meeting held on 12th November, 2024 and have been duly reviewed by the Statutory Auditors as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. The Company's business activity falls within a single primary business segment, viz. Iron & Steel Products , the disclosure requirements for segment is not applicable. 3. Pursuant to the introduction of Section 115BAA of the Income Tax Act, 1961 vide Taxation Laws (Amendment) Act, 2019, the company has an option to pay corporate income tax at the rate of 22% plus applicable surcharge and cess (lower rate) as against the earlier rate of 30% plus applicable surcharge and cess, subject to certain conditions. Considering all the provisions under said section 115BAA of the Income Tax Act, 1961, the Board of Directors of the Company had decided to avail the option of lower rate of tax with effect from the F.Y. 2023-24 (A. Y. 2024-25) and effect of the same will be recorded during the current quarter under review. Accordingly, the Company has recognized provision for tax expenses in the financial results for the quarter and half year ended September 30, 2024 and re-measured its net Deferred Tax liabilities as per the provisions prescribed in the said section(s). The net impact due to availing the above option has resulted in decrease in deferred tax by Rs 158.57 lacs and decrease in current tax by Rs. 137.51 lacs (including relating to earlier years). 4. There are no exceptional & extraordinary items. 5. The Company does not have any subsidiary/associate/joint venture company(ies) as on 30th September, 2024. 6. Figures have been regrouped and rearranged, wherever considered necessary. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 3640567000.00 2095000.00 3642662000.00 3466900000.00 0.00 -153228000.00 40453000.00 19333000.00 26875000.00 204952000.00 3605285000.00 37377000.00 0.00 37377000.00 16272000.00 -15106000.00 1166000.00 0.00 36211000.00 0.00 0.00 0.00 0.00 36211000.00 49000.00 36260000.00 0.00 0.00 467638000.00 10 0.78 0.78 0.00 0.00 0.78 0.78 Other Expenses 148048000.00 Other Expenses 204952000.00 350627000.00 88073000.00 0.00 0.00 0.00 0.00 6580000.00 6580000.00 15572000.00 460852000.00 688919000.00 0.00 446655000.00 2404000.00 28189000.00 0.00 44000.00 477292000.00 332884000.00 1499095000.00 1959947000.00 467638000.00 894685000.00 1362323000.00 1362323000.00 0.00 13299000.00 13299000.00 9744000.00 43384000.00 66427000.00 244077000.00 153042000.00 53014000.00 450133000.00 33589000.00 47475000.00 531197000.00 597624000.00 1959947000.00 The Company is in process of installation of the Steel Melting Shop (SMS) having capacity of 3,13,600 MTPA by way of backward integration and to charge the hot billet from SMS directly to the Rolling mill which will eliminate the fuel cost for reheating the billet and improve the yield of the finished goods. The amount reflecting in CWIP includes the amount spent on the Project. 19333000.00 -164903000.00 0.00 -6550000.00 258887000.00 -15986000.00 0.00 0.00 0.00 -32363000.00 -15026000.00 0.00 0.00 26875000.00 0.00 914000.00 0.00 0.00 0.00 0.00 0.00 825000.00 0.00 0.00 0.00 0.00 0.00 66000.00 0.00 70422000.00 107799000.00 0.00 0.00 0.00 4088000.00 0.00 103711000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35320000.00 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 0.00 825000.00 0.00 3872000.00 0.00 -30623000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 115336000.00 0.00 12000000.00 0.00 19333000.00 0.00 0.00 -146669000.00 -73581000.00 0.00 -73581000.00 75985000.00 2404000.00 33000.00 66000.00 6000.00 17000.00