KROSS2024-07-012024-09-30 KROSS2024-07-012024-09-30 KROSS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member KROSS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member KROSS2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544253 KROSS NOTLISTED Kross Limited Equity 2024-04-01 2025-03-31 2024-11-12 2024-11-05 INR Millions Half yearly 16:30:00 17:35:00 2024-11-12 2024-11-12 true Cash Flow Indirect Not applicable Single segment AUTO COMPONENTS 2024-07-01 2024-09-30 Unaudited Standalone 1390030000.00 9890000.00 1399920000.00 817800000.00 0.00 -41300000.00 78150000.00 39830000.00 16900000.00 353860000.00 1265240000.00 134680000.00 0.00 134680000.00 35650000.00 2790000.00 38440000.00 0.00 96240000.00 0.00 0.00 0.00 0.00 96240000.00 -460000.00 95780000.00 0.00 0.00 322550000.00 5 1.89 1.89 0.00 0.00 1.89 1.89 The above unaudited financial results of the Company for the quarter and half year ended September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 12th November, 2024. The Statutory auditors have expressed unmodified review opinion on financial results September 30, 2024 and have issued an unmodified opinion.These financial results have been prepared in accordance with the recognition and measurement principles outlined in the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013, along with the relevant rules issued thereunder and other accounting principles generally accepted in India. The figures for the corresponding quarter ended September 30, 2023, as reported in these unaudited financial results, have been approved by the Company’s Board of Directors but have not undergone review by the statutory auditors as the requirement of submission of quarterly financial results became applicable with listing of the Company’s equity shares commencing from the quarter ended June 30, 2024.The Statutory Auditors of the Company have conducted a Limited Review of the results in accordance with the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).During the quarter and half year ended September 30, 2024, the Company had completed an Initial Public Offering (IPO) of 10,416,666 equity shares with a face value of INR 5 each at an issue price of INR 240 per share, comprising fresh issue of 10,416,666 shares and an Offer for Sale of 10,416,666 shares.Consequent to allotment of fresh issue, the paid-up equity share capital of the Company stands increased from Rs.270.46 millions consisting of 54,092,756 equity shares of INR 5 each to Rs. 322.56 millions consisting of 64,509,422 Equity Shares of INR 5 each.The total provisional offer expenses in relation to the IPO are Rs. 271.52 millions (including taxes). Out of total provisional expenses, Rs. 172.32 millions is to be borne by the Company and Rs. 99.20 millions is to be borne by selling shareholders. Out of the Net IPO proceeds which were unutilized as at September 30, 2024, Rs.220.00 millions are in Monitoring Account and Rs. 1180.00 millions is temporarily invested in Fixed Deposit.The Company’s business falls within single business segment of Motor Vehicle parts and accessories. Hence, disclosures under Ind AS 108-Operating Segments are not reported separately.The Code of Social Security, 2020 (‘Code’) relating to the employee benefits during employment and post-employment benefits received presidential assent in September 2020. The code has been published in the Gazette of India. However, the date on which the Code will come into effect has not yet been notified. The Company will assess the impact of the code when it comes into effect and will record any related impact in the period when the code becomes effective. The Company’s equity shares were listed on the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange of India Limited (BSE) on September 16, 2024. The company had filed the relevant document with their respective ROC for updation of the CIN of the company but the same is still under process as on date.The company does not have any subsidiary/associate/joint venture company as at September 30, 2024, hence the Consolidated Financial Statements is not required to be prepared by the company The figures of the previous periods/ year are reclassified, regrouped and rearranged whether necessary so as to make them comparable with current period’s figures. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 2853940000.00 13060000.00 2867000000.00 1745290000.00 0.00 -67490000.00 152270000.00 82090000.00 32940000.00 676540000.00 2621640000.00 245360000.00 0.00 245360000.00 66660000.00 5900000.00 72560000.00 0.00 172800000.00 0.00 0.00 0.00 0.00 172800000.00 -910000.00 171890000.00 0.00 0.00 322550000.00 5 3.40 3.40 0.00 0.00 3.40 3.40 Other Expenses 353860000.00 Other Expenses 676540000.00 1056880000.00 94730000.00 0.00 0.00 1030000.00 0.00 0.00 0.00 33340000.00 0.00 0.00 0.00 33340000.00 0.00 27270000.00 1213250000.00 951900000.00 10130000.00 1324000000.00 1514300000.00 27430000.00 0.00 2100000.00 2877960000.00 0.00 296290000.00 4126150000.00 5339400000.00 322550000.00 3715730000.00 4038280000.00 4038280000.00 70420000.00 0.00 10110000.00 80530000.00 0.00 64960000.00 0.00 49900000.00 195390000.00 258950000.00 549240000.00 176450000.00 984640000.00 88310000.00 5510000.00 27270000.00 0.00 1105730000.00 0.00 0.00 1301120000.00 5339400000.00 82090000.00 -116720000.00 0.00 -226560000.00 -430000.00 19000000.00 -3740000.00 -350000.00 0.00 61730000.00 0.00 -20570000.00 0.00 32940000.00 0.00 10000.00 0.00 97210000.00 0.00 0.00 0.00 4240000.00 0.00 0.00 0.00 -40000.00 47590000.00 930000.00 0.00 -31150000.00 214210000.00 0.00 0.00 0.00 175980000.00 0.00 38230000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 110000.00 83130000.00 0.00 0.00 18260000.00 0.00 0.00 0.00 0.00 220000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4240000.00 0.00 0.00 0.00 -60740000.00 0.00 0.00 2398350000.00 0.00 0.00 0.00 0.00 0.00 -154840000.00 686840000.00 -7560000.00 1890000.00 0.00 82090000.00 0.00 0.00 1480250000.00 1457740000.00 0.00 1457740000.00 56550000.00 1514290000.00 -460000.00 -910000.00 0.00 0.00 0.00 0.00