SULA2023-01-012023-03-31 SULA2023-01-012023-03-31 SULA2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member SULA2023-01-012023-03-31in-bse-fin:OneOperatingExpenses02Member SULA2023-01-012023-03-31in-bse-fin:OneOperatingExpenses03Member SULA2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member SULA2023-01-012023-03-31in-bse-fin:FourOperatingExpenses02Member SULA2023-01-012023-03-31in-bse-fin:FourOperatingExpenses03Member SULA2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543711 SULA NOTLISTED Sula Vineyards Limited Equity 2022-04-01 2023-03-31 2023-05-03 2023-04-26 INR Millions Yearly 14:30:00 15:30:00 2023-05-03 2023-05-03 true Cash Flow Indirect Declaration of unmodified opinion Single segment The Company is engaged in the business of manufacture, purchase, and sale of alcoholic beverages (wines and spirits) 2023-01-01 2023-03-31 Unaudited Consolidated 1199960000.00 9070000.00 1209030000.00 817750000.00 36140000.00 -617640000.00 202960000.00 48350000.00 68070000.00 452580000.00 1008210000.00 200820000.00 0.00 200820000.00 35410000.00 22960000.00 58370000.00 0.00 142450000.00 0.00 0.00 0.00 0.00 142450000.00 8600000.00 151050000.00 142450000.00 0.00 8600000.00 151050000.00 168520000.00 2 1.69 1.69 0.00 0.00 1.69 1.69 0.00 0.00 0.00 validate the same. Request you to please resolve at the earliest. 1. The above consolidated audited financial results for the quarter and year ended 31 March 2023 ('Statement') of Sula Vineyards Limited (the 'Holding Company') have been prepared to comply in all material respects with the Indian Accounting standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules 2015, as amended, from time to time and in compliance with of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed and recommended to the Board of Directors by the Audit Committee of the Holding Company and subsequently approved by the Board of Directors of the Holding Company at their respective meetings held on 3 May 2023. The Holding Company and its subsidiaries are together referred to as 'the Group' in the following notes. 2. Figures for the quarter ended 31 March 2023 are the balancing figures between the audited consolidated figures for the year ended on that date and the unaudited consolidated published year to date figures up to the nine months period ended 31 December 2022, which were subjected to limited review by the statutory auditors. 3. The consolidated financial results for the quarter ended 31 March 2022 are the balancing figures between the audited consolidated financial statements for the year ended 31 March 2022 and the audited special purpose consolidated interim financial statements for the nine months ended 31 December 2021. 4. The Group is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Chief Operating Decision makers (which include the CEO, CFO, COO and members of the Board of Directors) monitor and review the operating result of the Group as a whole. Therefore, there are no reportable segments for the Group as per requirements of Ind AS 108 ‘Operating Segments’. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. 5. During the current year, the Holding Company has completed its Initial Public Offer ('IPO') of equity shares of face value of Rs. 2 each at an issue price of Rs. 357 per share (including share premium of Rs. 355 per share), comprising offer for sale of 26,900,530 shares by selling shareholders only. The equity shares of the Holding Company got listed on National Stock Exchange of India Limited ('NSE') and BSE Limited on 22 December 2022. 6. The Board of Directors of Holding company at its meeting held on 3 May 2023 has recommended a final dividend of Rs. 5.25 per share having a face value of Rs. 2 each, subject to approval of shareholders of the Holding company at the ensuing annual general meeting of the shareholders. 7. During the quarter ended 31 March 2023, 59,050 fully paid up equity shares of face value of Rs .2 each have been alloted against the exercise of option under Employee stock option scheme ESOS 2020 (1) and ESOS 2021 (1) of the Holding Company at an exercise price of Rs. 170 per share. Figures for the previous period/ year have been regrouped/ reclassified to conform to the current period's presentation, wherever considered necessary. Single segment 2022-04-01 2023-03-31 Audited Consolidated 5532380000.00 34870000.00 5567250000.00 1204540000.00 211430000.00 -84660000.00 774560000.00 210840000.00 258870000.00 1851890000.00 4427470000.00 1139780000.00 0.00 1139780000.00 288840000.00 10600000.00 299440000.00 0.00 840340000.00 0.00 0.00 0.00 0.00 840340000.00 8060000.00 848400000.00 840340000.00 0.00 8060000.00 848400000.00 168520000.00 2 5151930000.00 10.19 10.19 0.00 0.00 10.19 10.19 0.00 0.00 0.00 Excise duty on sales 67650000.00 Others 259110000.00 Selling, distribution and marketing expense 125820000.00 Excise duty on sales 369690000.00 Others 929120000.00 Selling, distribution and marketing expense 553080000.00 0.00 4063500000.00 19130000.00 0.00 8540000.00 59960000.00 0.00 0.00 0.00 30000.00 0.00 17140000.00 367930000.00 385100000.00 0.00 32790000.00 4569020000.00 1788610000.00 0.00 1145370000.00 163720000.00 173900000.00 16000000.00 885850000.00 2384840000.00 0.00 71230000.00 4244680000.00 0.00 0.00 8813700000.00 168520000.00 5151930000.00 5320450000.00 5320450000.00 542770000.00 0.00 57930000.00 600700000.00 0.00 181630000.00 0.00 0.00 782330000.00 1374810000.00 820470000.00 269660000.00 2464940000.00 197560000.00 22230000.00 26190000.00 0.00 2710920000.00 0.00 0.00 3493250000.00 8813700000.00 The above consolidated audited financial results for the quarter and year ended 31 March 2023 ('Statement') of Sula Vineyards Limited (the 'Holding Company') have been prepared to comply in all material respects with the Indian Accounting standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules 2015, as amended, from time to time and in compliance with of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed and recommended to the Board of Directors by the Audit Committee of the Holding Company and subsequently approved by the Board of Directors of the Holding Company at their respective meetings held on 3 May 2023. The Holding Company and its subsidiaries are together referred to as 'the Group' in the following notes. Figures for the quarter ended 31 March 2023 are the balancing figures between the audited consolidated figures for the year ended on that date and the unaudited consolidated published year to date figures up to the nine months period ended 31 December 2022, which were subjected to limited review by the statutory auditors. The consolidated financial results for the quarter ended 31 March 2022 are the balancing figures between the audited consolidated financial statements for the year ended 31 March 2022 and the audited special purpose consolidated interim financial statements for the nine months ended 31 December 2021. The Group is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Chief Operating Decision makers (which include the CEO, CFO, COO and members of the Board of Directors) monitor and review the operating result of the Group as a whole. Therefore, there are no reportable segments for the Group as per requirements of Ind AS 108 ‘Operating Segments’. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. 190440000.00 -182070000.00 -76230000.00 0.00 -346980000.00 0.00 0.00 0.00 0.00 0.00 164380000.00 0.00 0.00 258870000.00 20200000.00 0.00 0.00 0.00 0.00 -1130000.00 0.00 27380000.00 10360000.00 0.00 0.00 5980000.00 0.00 4270000.00 0.00 20710000.00 1160490000.00 0.00 0.00 0.00 277810000.00 0.00 882680000.00 0.00 2110000.00 0.00 0.00 0.00 0.00 0.00 0.00 2010000.00 691010000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64730000.00 0.00 0.00 0.00 0.00 0.00 28690000.00 0.00 0.00 0.00 -727150000.00 0.00 0.00 959960000.00 0.00 0.00 0.00 0.00 0.00 574180000.00 945910000.00 0.00 0.00 454130000.00 175170000.00 0.00 -52730000.00 -93800000.00 61730000.00 0.00 61730000.00 101991000.00 163721000.00 8600000.00 8060000.00 0.00 0.00