ELECTHERM2024-07-012024-09-30 ELECTHERM2024-07-012024-09-30 ELECTHERM2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member ELECTHERM2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member ELECTHERM2024-09-30 ELECTHERM2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member ELECTHERM2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member ELECTHERM2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member ELECTHERM2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member ELECTHERM2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member ELECTHERM2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member ELECTHERM2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 526608 ELECTHERM NOTLISTED Electrotherm (India) Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-11-04 INR Crores Half yearly 10:45:00 17:00:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Standalone 8136800000.00 15400000.00 8152200000.00 5839200000.00 112000000.00 -731200000.00 495100000.00 116000000.00 109500000.00 1748700000.00 7689300000.00 462900000.00 0.00 462900000.00 0.00 0.00 0.00 0.00 462900000.00 0.00 0.00 0.00 0.00 462900000.00 -5600000.00 457300000.00 0.00 0.00 127400000.00 10 36.33 36.33 0.00 0.00 36.33 36.33 1. The above Standalone Financial Results of Electrotherm (India) Limited (the “Company”) have been reviewed and recommended by the Audit Committee in their meeting held on November 12, 2024 and approved by the Board of Directors at their meeting held on November 13, 2024. 2. The Statutory auditor have carried out limited review of the standalone financial results of the company for the quarter and half year ended on September 30, 2024. 3. As per Ind AS 108 Operating Segments , if a financial report contains both consolidated financial statements and the standalone financial statements of the Parent Company, segment information may be presented based on the consolidated financial statements. Thus, disclosure required by regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on segment information is given in consolidated financial results. Multi segment 2024-04-01 2024-09-30 Unaudited Standalone 18730600000.00 24200000.00 18754800000.00 12891500000.00 315100000.00 -1054100000.00 1017900000.00 253500000.00 215500000.00 3564400000.00 17203800000.00 1551000000.00 0.00 1551000000.00 0.00 0.00 0.00 0.00 1551000000.00 0.00 0.00 0.00 0.00 1551000000.00 -11200000.00 1539800000.00 0.00 0.00 127400000.00 10 121.74 121.74 0.00 0.00 121.74 121.74 Other Expenses 1748700000.00 Other Expenses 3564400000.00 5967000000.00 574900000.00 0.00 0.00 42500000.00 0.00 0.00 0.00 101200000.00 0.00 360900000.00 462100000.00 376100000.00 7422600000.00 7528300000.00 500000.00 2120200000.00 442200000.00 98000000.00 0.00 13400000.00 2674300000.00 86900000.00 1809500000.00 12099000000.00 0.00 0.00 19521600000.00 127400000.00 -5809800000.00 -5682400000.00 -5682400000.00 8738100000.00 0.00 0.00 8738100000.00 245800000.00 0.00 0.00 8200000.00 8992100000.00 6857300000.00 4769700000.00 732300000.00 12359300000.00 3594600000.00 258000000.00 0.00 0.00 16211900000.00 0.00 0.00 25204000000.00 19521600000.00 4. (a) During the quarter ended as on June 30, 2024, the Company has paid the entire settlement Principal amount to Rare Asset Reconstruction Limited (assignee of Dena Bank) (“Rare ARC”). Interest due and provided of Rs 5.69 Crore for the period from September 2020 to June 2024 (included under the head finance cost of the respective quarters) to Rare ARC has not been paid and the company is in negotiation with Rare ARC for interest amount and the company is hopeful that no further Interest would be payable and hence interest has not been provided after June 30, 2024. (b) Indian Overseas Bank had classified the loan account of the Company as non-performing assets during August 2011 for the default amount of Rs. 189.96 Crores, which was subsequently assigned to Rare Asset Reconstruction Limited ( Rare ARC ), but with whom the settlement terms have not been entered into. Further, the Hon'ble Debt Recovery Tribunal (DRT), Ahmedabad has passed judgement against Company for recovery alongwith future interest on the amount due @12.75% p.a. with monthly rests. During the year ended March 31, 2024 the Company have paid Rs. 6.00 Crore as upfront payment towards commitment to settlement. The company has however, not provided the interest for the quarter and half year ended September 30, 2024 of Rs 32.41 Crore and Rs 63.81 Crore respectively accordingly the amount of net profit for the quarter and half year ended September 30, 2024 is over stated by Rs 32.41 Crore and Rs 63.81 Crore respectively. Accordingly, the total amount of Assets Reconstruction Company's liability and retained earnings/ (loss) as on September 30, 2024 is understated by Rs. 848.53 Crore. The statutory auditor has expressed qualification in respect of non-provision of interest by the company on the said loan. (c) In case of default, of the terms and condition of the settlement agreement with Central Bank of India, Edelweiss Assets Reconstruction Company Limited, Invent Assets Securitization and Reconstruction Private Limited and Rare Asset Reconstruction Limited, the agreement stands withdrawn and all the dues & liabilities as per original terms shall be restored and therefore the impact of reduction in debt due to Settlement with Banker/ARCs, will be given on the final compliance of all the terms and conditions of the settlement terms. Not Applicable 0.00 Not Applicable 0.00 0.00 0.00 0.00 0.00 Not Applicable 0.00 Not Applicable 0.00 0.00 0.00 5. Few accounts of “Trade Receivables,” “Trade Payable”, “Advances from Customer’, Advances Recoverable in Cash or Kind”, “Advances to suppliers and other parties”, including very old balances, are subject to confirmation/reconciliation. The balance with revenue authorities are subject to final assessment order and/or submission of returns. The amounts of inventories are as taken by the management. 6. There are certain pending enquiries / notices / summons / litigation / recovery / fraud proceedings against the company and directors of the company before Debts Recovery Tribunal, Central Bureau of Investigation, Directorate of Enforcement, Regional Director of Ministry of Corporate Affairs, Direct Tax, Indirect Tax Department (Ahmedabad and Mumbai) and various courts. 7. Figure of previous period’s have been regrouped, wherever considered necessary to make them comparable to current period figure. 0.00 0.00 Not Applicable 0.00 0.00 Not Applicable 0.00 0.00 240700000.00 -1395700000.00 51600000.00 0.00 56600000.00 0.00 0.00 200000.00 0.00 505100000.00 0.00 538100000.00 0.00 215500000.00 0.00 35900000.00 0.00 -17600000.00 0.00 -41300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9000000.00 0.00 180100000.00 1731100000.00 0.00 0.00 0.00 -1100000.00 0.00 1732200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 405900000.00 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 10600000.00 0.00 -53800000.00 0.00 -449100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1135000000.00 0.00 2100000.00 0.00 252600000.00 0.00 0.00 -1389700000.00 -106600000.00 0.00 -106600000.00 548800000.00 442200000.00 -5600000.00 -11200000.00 0.00 0.00 0.00 0.00