SOLARINDS2023-07-012023-09-30 SOLARINDS2023-07-012023-09-30 SOLARINDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member SOLARINDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member SOLARINDS2023-09-30 SOLARINDS2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SOLARINDS2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2023-04-01 2024-03-31 2023-11-02 2023-10-25 INR Crores Half yearly 13:15:00 14:10:00 2023-11-02 2023-11-02 true Cash Flow Indirect Not applicable Single segment MANAFACTURING OF EXPLOSIVES AND INITIATING SYSTEMS 2023-07-01 2023-09-30 Unaudited Consolidated 13474600000.00 77200000.00 13551800000.00 5477400000.00 967200000.00 82600000.00 1033400000.00 248900000.00 336700000.00 2552500000.00 10698700000.00 2853100000.00 0.00 2853100000.00 774800000.00 -19400000.00 755400000.00 0.00 2097700000.00 0.00 0.00 0.00 -7800000.00 2089900000.00 -392900000.00 1697000000.00 2001400000.00 88500000.00 1721700000.00 -24700000.00 181000000.00 2 22.12 22.12 0.00 0.00 22.12 22.12 0.00 0.03 1. The Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2023 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 respective meeting held on November 02, 2023. 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 (referred to as “Ind AS”) 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3.The Group has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 4. During the half year ended September 30, 2023, Group has partially redeemed 100 debentures of rs. 10,00,000/- each amounting to rs. 10 crore on the due date and made an interest payment amounting to rs. 2.15 crore at a coupon rate of 8.20% per annum.5. The Group has applied Ind AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey. Turkish Lira is functional currency of the aforesaid subsidiaries in Turkey. In preparing the consolidated financial results for the half year ended September 30, 2023, the non-monetary assets, liabilities, owner's equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the measuring unit current as on the reporting date by applying consumer price index of the Turkish economy. The net impact of the aforesaid restatement amounting to Rs. 39.51 crore has been debited to other expenses for the half year ended September 30, 2023. The impact of said restatements till March 31, 2023 in respect of the aforesaid subsidiary amounting to Rs. 23.85 crore has been credited in the opening retained earnings as at April 01, 2023. 6. During the quarter ended September 30, 2023, Solar AGC Limited Liablity Company (an Associate Company) was incorporated through its stepdown overseas subsidiary in Singapore on July 18, 2023. The said Company has not yet commenced its business operation. 7. Formulae for the computation of ratios are given in Annexure A. 8. Previous period figures have been regrouped, as considered necessary, to confirm with current period presentation. 9. As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. Annexure A is not included in notes due to limitation of characters in xbrl notes of stock exchange. However the company has attached the same in pdf. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 30296700000.00 159100000.00 30455800000.00 13306500000.00 2237900000.00 606400000.00 2034400000.00 495600000.00 677700000.00 5518800000.00 24877300000.00 5578500000.00 0.00 5578500000.00 1539700000.00 -75800000.00 1463900000.00 0.00 4114600000.00 0.00 0.00 0.00 -8800000.00 4105800000.00 -1393200000.00 2712600000.00 3975500000.00 130300000.00 2968800000.00 -256200000.00 181000000.00 2 43.93 43.93 0.00 0.00 43.93 43.93 0.00 0.03 Other Expenses 2552500000.00 Other Expenses 5518800000.00 1147400000.00 16924900000.00 3072900000.00 0.00 107600000.00 779900000.00 7700000.00 0.00 0.00 779200000.00 0.00 175600000.00 1643000000.00 2597800000.00 1390000000.00 1713000000.00 26593800000.00 9547400000.00 0.00 8077500000.00 2254800000.00 308400000.00 645400000.00 705400000.00 11991500000.00 220100000.00 3191500000.00 24950500000.00 0.00 0.00 51544300000.00 181000000.00 28405800000.00 28586800000.00 29734200000.00 5116900000.00 0.00 0.00 5116900000.00 20100000.00 1686400000.00 209200000.00 7032600000.00 5172500000.00 5465500000.00 572400000.00 11210400000.00 2835500000.00 156300000.00 575300000.00 0.00 14777500000.00 0.00 0.00 21810100000.00 51544300000.00 495600000.00 1440600000.00 -105100000.00 0.00 -742800000.00 0.00 0.00 0.00 0.00 576800000.00 0.00 -270300000.00 0.00 677700000.00 262200000.00 0.00 0.00 0.00 0.00 -30400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 368700000.00 0.00 2673000000.00 8251500000.00 -104100000.00 0.00 0.00 1411400000.00 0.00 6736000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60600000.00 2049200000.00 230200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 157900000.00 532000000.00 0.00 0.00 0.00 22300000.00 0.00 0.00 0.00 0.00 -2426000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235800000.00 1598200000.00 0.00 30900000.00 723800000.00 779000000.00 0.00 -156600000.00 -3052700000.00 1257300000.00 -1452900000.00 -195600000.00 2450400000.00 2254800000.00 Items that will be reclassified to profit and loss -404600000.00 Items that will be reclassified to profit and loss -1443200000.00 -404600000.00 -1443200000.00 -11700000.00 -50000000.00