SOLARINDS2024-10-012024-12-31 SOLARINDS2024-10-012024-12-31 SOLARINDS2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member SOLARINDS2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member SOLARINDS2024-12-31 SOLARINDS2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SOLARINDS2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2024-04-01 2025-03-31 2025-02-05 2025-01-30 INR Crores Third quarter 13:15:00 14:10:00 2025-02-05 2025-02-05 Not applicable Single segment Manufacturing of Explosives and its Accesories 2024-10-01 2024-12-31 Unaudited Consolidated 19730800000.00 95400000.00 19826200000.00 8850900000.00 1304200000.00 131600000.00 1506900000.00 305100000.00 474200000.00 2671800000.00 15244700000.00 4581500000.00 0.00 4581500000.00 1159500000.00 56600000.00 1216100000.00 0.00 3365400000.00 0.00 0.00 0.00 9600000.00 3375000000.00 -341100000.00 3033900000.00 3148700000.00 226300000.00 2784800000.00 249100000.00 181000000.00 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 The Unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 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 February 05, 2025. The Statutory Auditors of the Company have carried out a limited review of the aforesaid results. 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. 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. During the nine months ended December 31, 2024, Solar Industries India Limited has partially redeemed 150 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 10,00,000/- each amounting to Rs.15.00 crore and made an interest payment amounting to Rs. 1.86 Crore at a coupon rate of 8.20% per annum.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 nine months ended on December 31, 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. Further, w.e.f October 1, 2024 basis the principles laid out in Ind AS 21 - 'The effects of changes in foreign exchange rates', the functional currencies of Solar Nitro Ghana Limited and Solar Nitro Zimbabwe Private Limited have been changed. Accordingly, the group has ceased accounting as per Ind AS 29 and the amounts as at September 30, 2024 have been considered as carrying amounts subsequently. The net impact of restatement in respect of the aforesaid subsidiaries under Ind AS 29 of Rs.18.11 crore and Rs.44.83 crore has been debited to other expenses in the consolidated financial results for quarter ended and period ended December 31, 2024 respectively and impact till March 31, 2024 of Rs.28.36 crore has been credited in the opening retained earnings as at April 01, 2024.During the previous quarter ended September 30, 2024, the Finance Act, 2024 replaced ‘index cost of acquisition’ with 'cost of acquisition' for the purposes of computation of long-term capital gains, by withdrawing indexation benefits available to the Company and also the rate of tax for capital gains had been changed which resulted in reversal of deferred tax liability amounting to Rs.9.36 crore.Formulae for the computation of ratios are given in Annexure A. .As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 53737100000.00 642800000.00 54379900000.00 24482300000.00 3715800000.00 -780000000.00 4264900000.00 877200000.00 1310100000.00 7847200000.00 41717500000.00 12662400000.00 0.00 12662400000.00 3290200000.00 35300000.00 3325500000.00 0.00 9336900000.00 0.00 0.00 0.00 81300000.00 9418200000.00 -372800000.00 9045400000.00 8872100000.00 546100000.00 8559200000.00 486200000.00 181000000.00 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 Other Expenses 2671800000.00 Other Expenses 7847200000.00 0.00 -93600000.00 Items that will be reclassified to Profit and loss -402300000.00 Items that will be reclassified to Profit and loss -497100000.00 -402300000.00 -497100000.00 -61200000.00 -30700000.00