KERNEX2024-10-012024-12-31 KERNEX2024-10-012024-12-31 KERNEX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member KERNEX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member KERNEX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses03Member KERNEX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member KERNEX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member KERNEX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses03Member KERNEX2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532686 KERNEX NOTLISTED Kernex Microsystems (India) Limited Equity 2024-04-01 2025-03-31 2025-02-13 2025-02-09 INR Lakhs Third quarter 09:10:00 10:55:00 2025-02-13 2025-02-13 Not applicable Single segment Safety Systems for Railways 2024-10-01 2024-12-31 Unaudited Consolidated 368080000.00 3293000.00 371373000.00 215938000.00 0.00 -67272000.00 51266000.00 12190000.00 6186000.00 82349000.00 300657000.00 70716000.00 0.00 70716000.00 0.00 -635000.00 -635000.00 0.00 71351000.00 0.00 0.00 0.00 0.00 71351000.00 241000.00 71592000.00 72079000.00 -486000.00 0.00 0.00 167594000.00 10 4.29 4.29 0.00 0.00 4.29 4.29 0.00 1. The above statement of Unaudited Consolidated Financial Results of Kernex Micro Systems (India) Limited ( the company ) which have been prepared in accordance with the Indian Accounting Standards ( Ind AS ) prescribed udder section 133 of the companies act, 2013 ( the act ) read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities Exchange Board of India( SEBI ) were reviewed and recommended by the Audit Committee are considered and approved by the Board of Directors in their meeting held on February 13, 2025. Theses results are as per Regulation 33 of SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The statutory Auditors have carried out a limited review on the Unaudited Consolidated financial results and issued a modified report thereon. 2. The Company Operates on one reportable Segment.i.e Safety Systems for Railways and hence segment reporting as per ind AS-108 is not applicable. 3.The company's assessment of recoverability and impairment of the following financial assets has been included by the auditors under Emphasis of matter . The Management is of the view that these assets are good and recoverable and consequently no provision required. a.Trade receivables from customers Rs 383.53 lakhs (PY 580.08 Lakhs) Includes related party of Rs. 234.75 lakhs ( Previous year Rs 320.00 lakhs) net of Expected credit loss (ECL) provision. b.Minium alternative tax credit (MAT) Credit receivable is Rs 122.56 Lakhs.( Previous year Rs 122.56 lakhs). Recoverability of MAT credit would depend upon company ability to earn taxable profits in future before expiry of the time limit prescribed for carry forward of MAT credit. c.margin money deposits with banks of Rs.1663.18 Lakhs (Previous year Rs 1532.34 lakhs) secured for customer guarantees of Rs 2323.34 Lakhs (Previous Year 2307.82. Lakhs) and under arbitration/negotiation. 4.The Results for the quarter ended 31 December , 2024 are also available on websites of BSE Limited, National Stock Exchange Limited and on the company's website. 5.Figures for previous periods have been regrouped/rearranged, wherever considered necessary , inline with the current period presentation. 6. The consolidated results of the company is including the results of 100% wholly owned subsidiary namely Avant- Garde Infosystems Inc, USA and Joint Venture firm TCAS JV( 80% share is owned by Kernex Microsystems( India) limited and VRRC KERNEX CE RVR JV( 35% owned by Kernex Microsystems( India) limited. 7.Kernex has 35% share in VRCC KERN EX CE RVR JV, Cost of investment is Nil. Proportionate share of kernex in the net loss of VRCC KERNEX CE RVR JV for the nine months ending 31.12.2024 in excess of investment . Loss in excess of investment is not considered in consolidation in light of Para 38 and 39 of Ind AS 28 Investments in Associates and Joint Ventures. The Financial Results of the VRCC KERN EX CE RVR JV were considered in the consolidated financial results. The same were subjected to limited review by the auditors of the VRCC KERN EX CE RVR JV . Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 1067043000.00 8244000.00 1075287000.00 667613000.00 0.00 -156261000.00 125293000.00 53070000.00 18986000.00 193537000.00 902238000.00 173049000.00 0.00 173049000.00 0.00 -2135000.00 -2135000.00 0.00 175184000.00 0.00 0.00 0.00 0.00 175184000.00 234000.00 175418000.00 176744000.00 -1325000.00 0.00 0.00 167594000.00 10 10.53 10.53 0.00 0.00 10.53 10.53 0.00 Amount Transferred to Capital Expenditure -6167000.00 Other Expenses 13069000.00 Project Execution Expenses 75447000.00 Amount Transferred to Capital Expenditure -22441000.00 Other Expenses 54411000.00 Project Execution Expenses 161567000.00