SOLARINDS2024-07-012024-09-30 SOLARINDS2024-07-012024-09-30 SOLARINDS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member SOLARINDS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member SOLARINDS2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-11-06 INR Crores Half yearly 13:30:00 14:45:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Single segment Manufacturing of Explosives and its Accessories 2024-07-01 2024-09-30 Unaudited Standalone 9054900000.00 316400000.00 9371300000.00 4514800000.00 621700000.00 -112800000.00 527800000.00 67300000.00 178600000.00 1192200000.00 6989600000.00 2381700000.00 0.00 2381700000.00 576800000.00 30300000.00 607100000.00 0.00 1774600000.00 0.00 0.00 0.00 0.00 1774600000.00 93600000.00 1868200000.00 0.00 0.00 0.00 0 19.61 19.61 0.00 0.00 19.61 19.61 0.00 0.06 1. The Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2024 of SOLAR INDUSTRIES INDIA LIMITED (the Company ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on November 13, 2024.The statutory auditors of the Company have carried out a limited review of the aforesaid results. 2. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS ) 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3. The Company has identified 'Explosives its Accessories and related services', as its only reportable segment as defined under Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided. 4. During the half year ended September 30, 2024, The Company has partially redeemed 100 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 10,00,000/- each amounting to Rs. 10.00 crore and made an interest payment amounting to Rs. 1.35 Crore at a coupon rate of 8.20% per annum. During the half year ended September 30, 2024, the Company has partially redeemed 584 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 1,00,000/- each amounting to Rs. 5.84 crore and made an interest payment amounting to Rs. 1.39 Crore at a coupon rate of 8.31% per annum. As on September 30, 2024 the aggregate amount of outstanding NCD is Rs. 54.17 crore. 5. During the quarter, The Finance (No.2) Bill, 2024 has been passed whereby ‘index cost of acquisition’ has been replaced with 'cost of acquisition' for the purposes of computation of long-term capital gains, thus resulting in withdrawal of indexation benefits available to the Company and also the rate of tax for capital gains has been changed. The impact of the aforesaid change of reversal of deferred tax liability amounting to Rs. 9.36 crores which has been considered in these financial results. 6. Formulae for the computation of ratios are given in Annexure A. 7. As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. Annexure A is not included in notes due to limitation of characters in xbrl notes of stock exchange. However the company has attached the same in pdf. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 19500800000.00 574200000.00 20075000000.00 10416700000.00 1135000000.00 -188500000.00 1055100000.00 129700000.00 347900000.00 2189900000.00 15085800000.00 4989200000.00 0.00 4989200000.00 1208400000.00 64200000.00 1272600000.00 0.00 3716600000.00 0.00 0.00 0.00 0.00 3716600000.00 93600000.00 3810200000.00 0.00 0.00 0.00 0 41.07 41.07 0.00 0.00 41.07 41.07 0.00 0.07 Other Expenses 1192200000.00 Other Expenses 2189900000.00 9011200000.00 2258600000.00 0.00 68400000.00 3100000.00 0.00 0.00 4539200000.00 0.00 6163700000.00 640100000.00 11343000000.00 567100000.00 23251400000.00 4178200000.00 351000000.00 6865400000.00 435700000.00 23000000.00 1076800000.00 937600000.00 9689500000.00 1249100000.00 15116800000.00 38368200000.00 181000000.00 26324500000.00 26505500000.00 26505500000.00 1375000000.00 1375000000.00 0.00 1289300000.00 42500000.00 2706800000.00 2202100000.00 1323400000.00 436200000.00 3961700000.00 5148500000.00 45700000.00 9155900000.00 11862700000.00 38368200000.00 129700000.00 -1537100000.00 -725600000.00 0.00 -550900000.00 0.00 0.00 0.00 0.00 251200000.00 0.00 0.00 0.00 347900000.00 39200000.00 0.00 0.00 2384700000.00 0.00 -147000000.00 0.00 0.00 0.00 -52800000.00 0.00 0.00 0.00 -600000.00 0.00 138700000.00 5127900000.00 0.00 1317100000.00 -323100000.00 0.00 0.00 3487700000.00 0.00 500000.00 0.00 0.00 0.00 0.00 0.00 0.00 900000.00 1461900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6178600000.00 2333100000.00 0.00 0.00 0.00 297200000.00 0.00 1835700000.00 0.00 -3174100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1091200000.00 638800000.00 7300000.00 0.00 769300000.00 183200000.00 0.00 0.00 -507400000.00 -193800000.00 0.00 -193800000.00 629500000.00 435700000.00 -93600000.00 -93600000.00