MADRASFERT2023-07-012023-09-30 MADRASFERT2023-07-012023-09-30 MADRASFERT2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member MADRASFERT2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member MADRASFERT2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member MADRASFERT2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member MADRASFERT2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 590134 MADRASFERT NOSTLISTD Madras Fertilizers Limited Equity 2023-04-01 2024-03-31 2023-11-03 2023-10-27 INR Lakhs Half yearly 11:30:00 11:40:00 2023-11-03 2023-11-03 true Cash Flow Indirect Not applicable Single segment Manufacturing of Chemical Fertilizers 2023-07-01 2023-09-30 Unaudited Standalone 3852500000.00 88100000.00 3940600000.00 2888700000.00 30200000.00 -253400000.00 237400000.00 140200000.00 30100000.00 833900000.00 3907100000.00 33500000.00 0.00 33500000.00 0.00 0.00 0.00 0.00 33500000.00 0.00 0.00 0.00 0.00 33500000.00 0.00 33500000.00 0.00 0.00 1611000000.00 10 0.21 0.21 0.00 0.00 0.21 0.21 Notes: During the quarter ending Sep 30, 2023, there was a shut-down of plants as detailed hereunder: Period Plant Number of days Reason 1st quarter 2nd quarter Ammonia Ammonia 3 41 K 1602 over speed trip-speed convertor failure. TAR 2023 and restarted August 09th. 1st quarter 2nd quarter Urea Urea 1 42Ammonia Plant shutdown. TAR 2023 and restarted August 11th. 1st quarter 2nd quarter Complex Fertilizer Plants Entire Half year Problem in procurement of raw material 4The production level of the plants was below the fixed target as detailed hereunder: Plant Period Actual Production (MT) Target (MT) Reason Urea Production 1st Quarter 107130 127000 Water scarcity between 05.05.2023 to 26.05.2023 and Urea reactor B shutdown on 28.05.2023 due to liner leak. Urea Production2nd quarter73774 92750Plant restarted & Urea Production resumed from 2045 Hrs of 11.08.23 5Fertilizer 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). 6The revenue from operations includes a sum of Rs.81235 Lakhs consisting of : a.Rs.79234 Lakhs towards subsidy for Neem coated Urea, b.Rs.1910 Lakhs for freight subsidy and c.Rs.92 Lakhs towards refund from GAIL on the pooled price for FY 2020-21 7The Company has defaulted in the repayment of principal of Rs.55424 Lakhs and interest of Rs.86382 Lakhs in respect of loans availed from GoI. The proposal of restructuring the said loan with GOI is under progress. 9Other comprehensive income of Rs.11752.43 Lakhs, consists of gains on fair value changes of unquoted equity shares in Indian Potash Ltd held by the Company, net of tax effect on the same of Rs.2754.32 Lakhs. The fair value of the unquoted equity shares has been arrived at net book value model based on the audited consolidated financial statements of the said company for the FY 2022-23. Deferred tax in respect of other timing differences, as applicable, will be considered at the year-end. 10In view of the losses incurred for the quarter ended Sep 30, 2023, no provision for income tax has been considered in the financials. 11The reconciliation of the difference of Rs.6091 Lakhs between the balance of input tax credit as per books of accounts and balances as reflected in Electronic Credit ledger maintained in GST portal is under progress. The Company holds a provision of Rs.4833 Lakhs as a prudent measure for the said difference. No provision for the balance has been considered necessary during the quarter pending the completion of reconciliation. 12GST department has passed orders for the following years and has raised a demand of Rs.19067 Lakhs on the Company. Financial Year Notice dated Amount (Rs Lakhs) 2017-18 07-06-2023 166 2018-19 12-06-2023 10,221 2019-20 13-06-2023 8,680 19,067 The Company has filed writ petitions contesting the liability of Rs.18901 Lakhs and is in the process of filing an Appeal for the balance liability of Rs.166 lakhs. Pending the outcome of the Writ / Appeal proceedings, no provision has been considered necessary for the above demand of Rs.19067 Lakhs Single segment 2023-04-01 2023-09-30 Unaudited Standalone 9138900000.00 127600000.00 9266500000.00 7106700000.00 56000000.00 -358900000.00 491800000.00 322600000.00 60100000.00 1898700000.00 9577000000.00 -310500000.00 0.00 -310500000.00 0.00 0.00 0.00 0.00 -310500000.00 0.00 0.00 0.00 0.00 -310500000.00 899800000.00 589300000.00 0.00 0.00 1611000000.00 10 -1.93 -1.93 0.00 0.00 -1.93 -1.93 Operating and Maintenance expenses 792300000.00 Other expenses 41600000.00 Operating and Maintenance expenses 1809100000.00 Other expenses 89600000.00 1847500000.00 219400000.00 13300000.00 0.00 700000.00 0.00 0.00 0.00 4545200000.00 186200000.00 243700000.00 4975100000.00 7056000000.00 2639400000.00 0.00 1865900000.00 4674000000.00 123700000.00 4700000.00 1413700000.00 8082000000.00 69900000.00 71600000.00 10862900000.00 0.00 0.00 17918900000.00 1621400000.00 -3902800000.00 -2281400000.00 -2281400000.00 0.00 0.00 0.00 0.00 0.00 1090700000.00 0.00 413200000.00 1503900000.00 14025200000.00 2882400000.00 1180200000.00 18087800000.00 0.00 121200000.00 487400000.00 0.00 18696400000.00 0.00 0.00 20200300000.00 17918900000.00 322500000.00 -319800000.00 3170200000.00 0.00 0.00 0.00 -14400000.00 0.00 0.00 -109200000.00 0.00 -465100000.00 0.00 60100000.00 0.00 -23600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -18300000.00 0.00 0.00 0.00 2602400000.00 2291900000.00 -11100000.00 0.00 -85700000.00 0.00 0.00 2195100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4100000.00 18300000.00 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 11100000.00 85700000.00 0.00 -85400000.00 0.00 25600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1188400000.00 0.00 0.00 0.00 0.00 49600000.00 0.00 0.00 -1238000000.00 982700000.00 0.00 982700000.00 3691300000.00 4674000000.00 0.00 1175200000.00 0.00 0.00 0.00 275400000.00