SOLARINDS2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member SOLARINDS2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares SOLARINDS 2021-04-01 2022-03-31 2022-01-21 INR Crores Third quarter Single segment Manufacturing of Explosives & Initiating Systems 2021-10-01 2021-12-31 Unaudited Consolidated 10178700000.00 70700000.00 10249400000.00 5414300000.00 692400000.00 -109000000.00 673900000.00 134100000.00 271900000.00 1727400000.00 8805000000.00 1444400000.00 0.00 1444400000.00 384400000.00 9400000.00 393800000.00 0.00 1050600000.00 0.00 0.00 0.00 0.00 1050600000.00 -258000000.00 792600000.00 1022900000.00 29700000.00 777800000.00 14800000.00 181000000.00 2 11.28 11.28 0.00 0.00 11.28 11.28 0.01 0.04 1. The Unaudited Consolidated Financial Results for the quarter and nine months ended Dec 31, 2021 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 meeting held on Jan 29, 2022. 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 “Ind AS” 34 - Interim Financial Reporting prescribed under Sec 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.3.Formulae for the computation of ratios are given in Annexure A. 4.The Group has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 5.The outbreak of COVID-19 pandemic globally and in India is causing significant disturbance and slowdown of economic activity. During the period ended Dec 31, 2021, there is no significant impact on the operations of the Group.6.During the period ended Dec 31, 2021 the holding Company has issued Commercial Papers (CPs) in favour of Axis Bank Limited @ 4.00 % p.a. The holding Company has listed the aforesaid CPs with BSE Limited. The total outstanding CPs amounts to Rs. 50 cr as at Dec 31, 2021. The Holding Company issuance of CPs have been rated by CRISIL as A1+.Disclosure with respect to previous and next due dates for the payment of principal/interest amount of CPs is as under Previous Due Date Next Due Date (April 1, 2021 to Dec 31, 2021) (Jan 1, 2022 to Mar 31, 2022) ISIN Amount Rs. in Cr Due Date ISIN Amount Rs. in Cr Due Date - - - INE343H14121 50.00 21.02.2022 7.During the quarter under review, Solar Overseas Singapore Pte Limited (SOSPL) , step down overseas subsidiary of the Holding Company has acquired 26% stake in Solar Mining Services Pty Limited (SMS Pty Ltd), Australia. SOSPL now holds 100% stake in SMS Pty Ltd., Australia.8.Previous period figures have been regrouped, as considered necessary, to conform with current period presentation.9.As per Regulation 46(2) of the SEBI Listing Regulations, 2015, Results are available on www.solargroup.com. Ratios: Quarter ended 31.12.2021 Nine months ended 31.12.2021 Debt service coverage ratio 3.66 3.27 Interest Service coverage ratio 14.05 13.99 Current Ratio 1.31 1.31 Current liability ratio 0.70 0.70 Total debt to total assets 0.26 0.26 Trade receivable turnover (annualised) 6.18 5.72 Inventory turnover (annualised) 13.65 11.94 Operating margin (%) 14.81 15.39 Net profit margin (%) 10.32 10.67 Long term debt to working capital 0.97 0.97 Bad debt to account receivable ratio 0.00 0.00 Single segment 2021-04-01 2021-12-31 Unaudited Consolidated 26307600000.00 188900000.00 26496500000.00 13268300000.00 2033200000.00 -190400000.00 2009000000.00 354700000.00 796200000.00 4343100000.00 22614100000.00 3882400000.00 0.00 3882400000.00 1102500000.00 -26900000.00 1075600000.00 0.00 2806800000.00 0.00 0.00 0.00 0.00 2806800000.00 -101800000.00 2705000000.00 2733900000.00 72900000.00 2483500000.00 221500000.00 181000000.00 2 30.21 30.21 0.00 0.00 30.21 30.21 0.01 0.03 Other Expenses 1727400000.00 Other Expenses 4343100000.00