MADRASFERT2022-04-012022-06-30MADRASFERT2022-04-012022-06-30in-bse-fin:OtherExpenses1MemberMADRASFERT2022-04-012022-06-30in-bse-fin:OtherExpenses2MemberMADRASFERT2022-04-012022-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:sharesMADRASFERTNot applicableINE414A01015MADRAS FERTILIZERS LIMITEDEquity2022-04-012022-06-302022-08-082022-07-28INRLakhsFirst quarterSingle segmentManufacturing of Chemicals and Fertilizers2022-08-0812:00:002022-08-0801:45:00Not applicable2022-04-012022-06-30UnauditedStandalone8130500000167000008147200000566540000019700000-4790000025630000019060000030000000120660000073207000008265000000826500000196300000019630000006302000000000630200000-346700000283500000001611000000103.913.91003.913.91<div> <br></br>
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<p><span>Notes:<span> </span></span><span><span> </span></span></p> <br></br>
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<p><span><span>1<span> </span></span></span><span>The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 08, 2022. The results for the quarter ended 30th June 2022 have been subjected to Limited Review by the Statutory Auditors. </span></p> <br></br>
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<p><span><span>2<span> </span></span></span><span>Financial results for all the periods have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013.<span> </span>The interim financial results are prepared and presented in accordance with the significant accounting policies and methods as adopted in the audited financial statements for the year ended 31st March, 2022.</span></p> <br></br>
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<p><span><span>3<span> </span></span></span><span>Ammonia Plant was shut down for 9 days during this 1st Quarter due to Reformer FD Fan Rotor Renewal & Semi Lean Control Valve Failure</span></p> <br></br>
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<p><span><span>4<span> </span></span></span><span>Urea Plant was shut down for 7 days during this 1st quarter due to problem in Urea Reactor B unit and Plant was running at 70% load only with A Reactor.</span></p> <br></br>
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<p><span><span>5<span> </span></span></span><span>Complex Fertilizer Plants were not in line during this 1st quarter due to problem in procurement of Raw Material. </span></p> <br></br>
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<p><span><span>6<span> </span></span></span><span>Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue. Further, the Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment. Hence, there is no requirement of segment reporting for the Company as per Ind AS 108 (Segment Reporting).</span></p> <br></br>
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<p><span><span>7<span> </span></span></span><span>During the period ended 30th June 2022, the Company has recognised price subsidy income for Neem Coated Urea amounting to Rs.22,855.10 lakhs towards escalation in input prices which has been considered as receivable from Department of Fertilizers, Government of India under New Pricing Scheme (NPS). Adjustments towards escalation/de-escalation in input prices is subject to annual revision based on the actual prices as notified by the Department of Fertilizers.</span></p> <br></br>
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<p><span><span>8<span> </span></span></span><span>The Company has not defaulted in payment of interest or repayment of principal amount on loans or borrowings from banks or financial institutions except in the case of Government of India (GOI) Loans towards repayment of principal of Rs.55424 lakhs and payment of Interest of Rs.79560 lakhs for the period ended 30th June, 2022.</span></p> <br></br>
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<p><span><span>9<span> </span></span></span><span>The Company has recognised the current tax provision of Rs.1,963.00 lakhs for the current period in accordance with Sec.115BAA of the Income Tax Act,1961.</span></p> <br></br>
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<p><span><span>10<span> </span></span></span><span>The deferred tax expense of Rs.1,963.22 lakhs was recognised towards the fair value change in non-current investments grouped under Other Comprehensive Income, for the first time during the year ended 31st March,2022. During the current quarter, the company has recognised an additional deferred tax expense of Rs.3,467.41 lakhs. This amount was inadvertently omitted to be recognised in the financial year ended <span> </span>31st March,2022. </span></p> <br></br>
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<p><span><span>11<span> </span></span></span><span>The figures for the previous periods have been re-grouped, wherever necessary, so as to conform to the current periods classification.</span></p> <br></br>
<p><span> </span></p></div></div>Operating and Maintenance Expenses1163400000Other expenses432000000Tax expenses-346700000-3467000000