ARIES2023-04-012023-06-30 ARIES2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member ARIES2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532935 ARIES NOTLISTED Aries Agro Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-08-02 INR Lakhs First quarter 16:57:00 20:05:00 2023-08-10 2023-08-10 Not applicable Single segment MICRONUTRIENT FERTILIZERS 2023-04-01 2023-06-30 Unaudited Standalone 1064431000.00 12094000.00 1076525000.00 306429000.00 296143000.00 -69667000.00 123939000.00 37129000.00 17296000.00 282424000.00 993693000.00 82832000.00 0.00 82832000.00 23700000.00 2069000.00 25769000.00 0.00 57063000.00 0.00 0.00 0.00 0.00 57063000.00 -6087000.00 50976000.00 50976000.00 0.00 130043000.00 10 4.39 4.39 0.00 0.00 4.39 4.39 1. The results have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Ind AS) Rules, 2015 and subsequent amendments. 2. The reduction in profit for the Quarter Ended 30th June, 2023 in comparison to the corresponding quarter is mainly attributable to reduced Exchange Rate Gain under the head Other Operating Income. If the Profit from Operations is considered without the Exchange Rate Gain in both the comparable quarters, the Operating margin has improved from 5.45% to 5.96%.. 3. As the Company's business activity falls within a single primary business segment, the disclosure requirements of Accounting Standard (Ind AS-108) Operating Segments , are not applicable. 4. Since the Company's business relates to Micronutrient Fertilizers, Plant Nutrient Solutions etc. the same is impacted by cropping pattern, seasonality and Erratic weather conditions across the Globe in general and India in particular. Accordingly, quarterly figures are not representative of the full year's performance. 5. The above Financial Results were reviewed and recommended by the Audit Committee and there upon approved by the Board of Directors at their respective meetings held on 10th August, 2023. 6. The Statutory Auditors have carried out a Limited Review of the Results for the Quarter ended 30th June, 2023. 7. The Un-Audited Standalone / Consolidated financial results are for the Quarter Ended 30th June, 2023. 8. The Consolidated Un-Audited Financial Results have been prepared in accordance with Ind AS 110 Consolidated Financial Statements . 9. With reference to Para 4.3 of the Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26.11.2018, we wish to state that we are not a LARGE CORPORATE within the meaning of Para 2.2(ii) of the aforesaid Circular. 10. The global supply conditions have now improved resulting in a steep fall in many raw material and other input prices. This impact is expected to continue in the medium term, until old inventories are sold. 11. Figures for the quarter ended 31st March, 2023 represents the difference between audited figures in respect of the full financial year and the published figures of nine months ended 31st December, 2022. 12. Previous Period's / Year's figures have been re-grouped / re-arranged wherever necessary to correspond with the Current Period's figures. 13. The above results will be made available at the Company's Website at www.ariesagro.com on or after 10th August, 2023. Other Expense 282424000.00 6087000.00 0.00