SAGCEM2023-07-012023-09-30 SAGCEM2023-07-012023-09-30 SAGCEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member SAGCEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member SAGCEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member SAGCEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member SAGCEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member SAGCEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member SAGCEM2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 502090 SAGCEM Notlisted Sagar Cements Limited Equity 2023-04-01 2024-03-31 2023-10-19 2023-09-27 INR Lakhs Half yearly 15:45:00 16:30:00 2023-10-19 2023-10-19 true Cash Flow Indirect Not applicable Single segment Cement 2023-07-01 2023-09-30 Unaudited Consolidated 5868200000.00 27400000.00 5895600000.00 1123800000.00 62300000.00 -427500000.00 298700000.00 468100000.00 512600000.00 4208700000.00 6246700000.00 -351100000.00 147900000.00 -203200000.00 0.00 -97900000.00 -97900000.00 0.00 -105300000.00 0.00 0.00 0.00 0.00 -105300000.00 0.00 -105300000.00 -84000000.00 -21300000.00 -84000000.00 -21300000.00 261400000.00 2 -0.81 -0.81 0.00 0.00 -0.81 -0.81 0.01 0.01 0.02 Notes: 1.The above consolidated financial results of Sagar Cements Limited ( the Company ) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on October 19, 2023. The statutory auditors of the Company have issued an unmodified conclusion in respect of the limited review of the the quarter and six months ended September 30, 2023. 2.The Group is engaged in manufacture and sale of cement and cement related products which constitutes a single reportable business segment as per Ind AS 108 - 'Operating Segments'. 3.The consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 ( the Act ) read with relevant rules issued thereunder ('Ind AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ( SEBI ). 4. The consolidated financial results includes the results of the Parent and its subsidiaries together referred to as the Group : a. Sagar Cements Limited (Parent company) b. Sagar Cements (M) Private Limited (formerly Satguru Cement Private Limited) (subsidiary company) c. Andhra Cements Limited (subsidiary company) (w.e.f. March 18, 2023) (Refer note 6) Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 11264900000.00 66500000.00 11331400000.00 2153900000.00 115500000.00 -511700000.00 567100000.00 904800000.00 1008500000.00 8032900000.00 12271000000.00 -939600000.00 147900000.00 -791700000.00 0.00 -266800000.00 -266800000.00 0.00 -524900000.00 0.00 0.00 0.00 0.00 -524900000.00 0.00 -524900000.00 -479000000.00 -45900000.00 -479000000.00 -45900000.00 261400000.00 2 -4.02 -4.02 0.00 0.00 -4.02 -4.02 0.01 0.01 0.02 Freight and forwarding expenses 1117200000.00 Other expenses 698200000.00 Power and Fuel Expenses 2393300000.00 Freight and forwarding expenses 2134300000.00 Other expenses 1412300000.00 Power and Fuel Expenses 4486300000.00 468500000.00 26895000000.00 1136100000.00 633900000.00 416200000.00 0.00 8300000.00 414300000.00 422600000.00 1186300000.00 275700000.00 30965800000.00 3299500000.00 0.00 2129100000.00 1090500000.00 430000000.00 5900000.00 68200000.00 3723700000.00 66900000.00 911200000.00 8001300000.00 90000000.00 0.00 39057100000.00 261400000.00 15554100000.00 15815500000.00 16284000000.00 11632500000.00 0.00 866600000.00 12499100000.00 120000000.00 1009300000.00 0.00 25000000.00 13653400000.00 3701200000.00 4474300000.00 189600000.00 8365100000.00 710100000.00 44500000.00 0.00 0.00 9119700000.00 0.00 0.00 22773100000.00 39057100000.00 6.The National Company Law Tribunal, Amaravati Bench, approved the terms of the Resolution Plan submitted by the Company to acquire Andhra Cements Limited (“ACL”) on February 16, 2023 pursuant to a Corporate Insolvency Resolution Process implemented under the Insolvency and Bankruptcy Code 2016 (the “Resolution Plan”), and the terms of the Resolution Plan are now binding on the Company. Pursuant to the Resolution Plan, the Company has subscribed to 95% of the reconstituted paid-up share capital of ACL for an aggregate amount of Rs. 32,223 lakhs and remaining 5% of the reconstituted paid-up share capital of ACL continue to be held by the existing public shareholders. Consequently, the Company has acquired control over ACL w.e.f. March 18, 2023. In accordance with Ind AS 103 Business Combination, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of assets and liabilities acquired. Accordingly, the Company had recognized its capital reserve amounting to Rs. 1,914 lakhs in the previous quarter ended March 31, 2023. Consequent to the above acquisition, the consolidated results of the current quarter/year are strictly not comparable to the previous quarter/year. 7.Asset held for sale represents Cement Mill I and Cement Mill II along with its auxiliary equipments in its subsidiary, ACL. These assets are classified as asset held for sale based on sale agreement executed by the Company, pending clearance of the above-mentioned assets from site by the identified buyer. Asset held for sale is classified at lower of cost or net realizable value. 8.Exceptional item in the consolidated financial results represents impairment reversal recorded during the quarter and six months ended September 30, 2023, based on remeasurment of certain assets at fair value as per agreement entered by the subsidiary, Andhra Cements Limited. 904800000.00 -590100000.00 -797000000.00 0.00 219700000.00 0.00 0.00 -125500000.00 0.00 1387500000.00 0.00 -73900000.00 0.00 1008500000.00 -147900000.00 17400000.00 0.00 -108400000.00 0.00 -1200000.00 0.00 64300000.00 0.00 600000.00 0.00 4400000.00 0.00 45000000.00 0.00 1679600000.00 887900000.00 0.00 0.00 0.00 15400000.00 0.00 872500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 89700000.00 1302800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42600000.00 0.00 30500000.00 0.00 -1140000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1221300000.00 608800000.00 0.00 9800000.00 91500000.00 898200000.00 0.00 -4100000.00 -391100000.00 -658600000.00 0.00 -658600000.00 1749100000.00 1090500000.00 0.00 0.00 0.00 0.00