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 SOLARINDS2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SOLARINDS2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 17158300000.00 304500000.00 17462800000.00 6408300000.00 2529500000.00 -508200000.00 1446900000.00 297400000.00 436100000.00 2834100000.00 13444100000.00 4018700000.00 0.00 4018700000.00 1053800000.00 -21900000.00 1031900000.00 0.00 2986800000.00 0.00 0.00 0.00 51000000.00 3037800000.00 -77300000.00 2960500000.00 77600000.00 -154900000.00 2936400000.00 24100000.00 181000000.00 2 31.59 31.59 0.00 0.00 31.59 31.59 0.00 0.04 1.The Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2024 of SOLAR INDUSTRIES INDIA LIMITED (the Group ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings 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 Group 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, Solar Industries India Limited 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 percent 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 percent per annum. As on September 30, 2024, the aggregate amount of outstanding amount of NCD is Rs 54.17 crore. 5. The Group has applied Ind AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey, Ghana and Zimbabwe. In preparing the consolidated financial results for the quarter and half year ended September 30, 2024, the non-monetary assets, liabilities, owner's equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the current measuring unit as on the reporting date by applying consumer price index of the respective economies. The net impact of the aforesaid restatement amounting to Rs 26.72 crore has been debited to other expenses in the consolidated financial results for the half year ended September 30, 2024. The impact of said restatements till March 31, 2024 in respect of the aforesaid subsidiaries amounting to Rs 20.61 crore has been credited in the opening retained earnings as at April 01, 2024. 6. During the half year ended on September 30, 2024, Solar Industries India Limited through Solar Mining Services Pty Limited, South Africa (SMS SA), a step-down subsidiary of the Company, has acquired controlling stake in Problast Group, South Africa effective from July 1, 2024 (“acquisition date”) for a consideration of Rs 230.87 crores. Accordingly, the group has consolidated the financial results of Problast group with effect from July 1, 2024 and accounted the fair value of the assets acquired and liabilities assumed on the acquisition date on a provisional basis as per the requirements of Ind AS 103. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 34006300000.00 547400000.00 34553700000.00 14547900000.00 3495100000.00 -911600000.00 2758000000.00 572100000.00 835900000.00 5175400000.00 26472800000.00 8080900000.00 0.00 8080900000.00 2130700000.00 -21300000.00 2109400000.00 0.00 5971500000.00 0.00 0.00 0.00 71700000.00 6043200000.00 -31700000.00 6011500000.00 51000000.00 -82700000.00 5774400000.00 237100000.00 181000000.00 2 63.25 63.25 0.00 0.00 63.25 63.25 0.00 0.04 Other Expenses 2834100000.00 Other Expenses 5175400000.00 1047000000.00 21365000000.00 5596000000.00 0.00 1130600000.00 387700000.00 491500000.00 0.00 349900000.00 1222400000.00 0.00 313400000.00 1064000000.00 2599800000.00 1743700000.00 1970400000.00 35634600000.00 10687400000.00 351000000.00 12185000000.00 2571100000.00 327200000.00 36000000.00 1659000000.00 17129300000.00 274300000.00 2976300000.00 31067300000.00 73200000.00 0.00 66775100000.00 181000000.00 37763000000.00 37944000000.00 38991000000.00 4980000000.00 0.00 370300000.00 5350300000.00 52900000.00 2003200000.00 0.00 279100000.00 7685500000.00 6601100000.00 4252900000.00 4180900000.00 15034900000.00 4507600000.00 176100000.00 380000000.00 0.00 20098600000.00 0.00 0.00 27784100000.00 66775100000.00 572100000.00 -2168700000.00 -3375300000.00 0.00 0.00 0.00 0.00 213900000.00 0.00 602500000.00 0.00 0.00 0.00 835900000.00 359500000.00 0.00 0.00 2458200000.00 0.00 -2100000.00 0.00 0.00 0.00 -53900000.00 0.00 0.00 0.00 337100000.00 0.00 -220800000.00 7860100000.00 -189300000.00 0.00 0.00 2217600000.00 0.00 5453200000.00 0.00 1856200000.00 0.00 0.00 0.00 0.00 0.00 0.00 11000000.00 4366600000.00 0.00 -2166000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9500000.00 0.00 0.00 0.00 0.00 -53200000.00 0.00 37200000.00 0.00 -4071300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1862200000.00 1800400000.00 0.00 99800000.00 860500000.00 561900000.00 0.00 0.00 -1460400000.00 -78500000.00 -112400000.00 -190900000.00 2762000000.00 2571100000.00 -93600000.00 -93600000.00 Items that will not be reclassified to Profit or Loss -150500000.00 Items that will not be reclassified to Profit or Loss -94800000.00 -150500000.00 -94800000.00 20400000.00 30500000.00