MADRASFERT2025-01-012025-03-31MADRASFERT2025-03-31MADRASFERT2024-03-31MADRASFERT2024-04-012025-03-31MADRASFERT2025-01-012025-03-31in-capmkt:OtherExpenses1MemberMADRASFERT2025-01-012025-03-31in-capmkt:OtherExpenses2MemberMADRASFERT2024-04-012025-03-31in-capmkt:OtherExpenses1MemberMADRASFERT2024-04-012025-03-31in-capmkt:OtherExpenses2MemberMADRASFERT2025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1MADRASFERT2025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss2MADRASFERT2024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1MADRASFERT2024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss2MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain1MADRASFERT2024-12-31RelatedPartyTransactionDomain1MADRASFERT2025-03-31RelatedPartyTransactionDomain1MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain2MADRASFERT2024-12-31RelatedPartyTransactionDomain2MADRASFERT2025-03-31RelatedPartyTransactionDomain2MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain3MADRASFERT2024-12-31RelatedPartyTransactionDomain3MADRASFERT2025-03-31RelatedPartyTransactionDomain3MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain4MADRASFERT2024-12-31RelatedPartyTransactionDomain4MADRASFERT2025-03-31RelatedPartyTransactionDomain4MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain5MADRASFERT2024-12-31RelatedPartyTransactionDomain5MADRASFERT2025-03-31RelatedPartyTransactionDomain5MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain6MADRASFERT2024-12-31RelatedPartyTransactionDomain6MADRASFERT2025-03-31RelatedPartyTransactionDomain6MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain7MADRASFERT2024-12-31RelatedPartyTransactionDomain7MADRASFERT2025-03-31RelatedPartyTransactionDomain7MADRASFERT2025-01-012025-03-31RelatedPartyTransactionDomain8MADRASFERT2024-12-31RelatedPartyTransactionDomain8MADRASFERT2025-03-31RelatedPartyTransactionDomain8MADRASFERT2025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares000000MADRASFERTNOTLISTEDINE414A01015MADRAS FERTILIZERS LIMITEDMain BoardEquity2024-04-012025-03-312025-05-282025-05-20INRLakhsQuarterlyFourth quarterSingle segmentManufacturing of Chemical Fertilizers2025-05-2812:00:002025-05-2816:00:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2022-09-29www.madrasfert.co.infalsefalseNo Default2025-01-012025-03-31UnauditedStandalone55476000001625000005710100000414100000041900000-6433000002294000001594000003550000023897000006353600000-6435000000-643500000-17170000052600000-1191000000-5244000000000-524400000-42100000-566500000161100000010-3.26-3.2600-3.26-3.261.The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 28 May 2025. The results for the quarter and the year ended 31st March 2025 have been audited by the Statutory Auditors. The above financial results are drawn in accordance with the accounting policies consistently followed by the Company. <BR> 2.Urea Plant was shut-down for 4 hrs due to Reactor A and HPCO2 Compressor Maintenance jobs. NPK Plant was shut-down for the quarter due to Man power shortage. <BR> 3.Fertilizer 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). <BR> 4.As per Regulation 33 (3) E of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the figures of the quarter ended March 31, 2025 and March 31, 2025 are the balance figures in respect of the full financial year and the unaudited published year-to-date figures up to the third quarter ended December 31, 2024 and December 31, 2023 respectively. <BR> 5.The reconciliation of ITC as reflected in the books of accounts and with relevant statutory records under GST regulations has been completed for all the FYs ending up to Mar 31,2024. <BR> The provision of Rs 50.54 Cr has been considered in the accounts for the difference between the Input tax Credit as per books and Electronic Credit Ledger as per GST portal as on 31.03.2025. The above sum includes an amount of Rs 37.57 Cr, being the provision held as on 31.03.2024 and company had made an additional provision of Rs 12.97 Cr made during the FY 2024-25 towards the above difference. <BR> 6.Subsidy under New Pricing Scheme (NPS) for Urea <BR> a)Approval awaited for extension of existing energy norm: MFL vide letter No. CMD/Govt/612/2024 dated June 12,2024 and CMD/Govt/457/2025 dated April 22, 2025 requested Govt. of India to extend the existing energy norm of 8.337 Gcal/MT of Urea till energy reduction measures are implemented. Pending the approval for the above request, as a prudent measure, the Company has accounted the subsidy after considering the maximum penalty of 10% from the existing energy norm of 8.337 Gcal/MT w.e.f 18/07/2024. The said penalty of Rs.155.61 Cr has been considered as deduction in subsidy income for the financial year. <BR> b)Subsidy accounting on policy parameters vis-à-vis provisionally approved rates: <BR> Subsidy on Urea Sales for FY 2024-25 has been recognized at Rs.2110.30 Cr in accordance with the policy parameters prescribed by Fertilizer Industry Coordination Committee (FICC) for escalation claim whereas subsidy for escalation claims provisionally approved by FICC amounts to Rs.2270.85 Cr, the difference being an amount of Rs.160.55 crores. The above sum has been netted against Trade Receivables included under Current Assets. The effect for the difference in the subsidy accounted will be considered as and when the final notification is received based on the escalation / de-escalation of claims for FY 2024-25 to be submitted by the Company. <BR> 7.As per the report of the technical committee formed for the purpose of identification of obsolete stores and spares, 1197 items with a value of Rs.1.08 crores has been determined as obsolete and necessary provision is made in the accounts for the said amount. <BR> 8.Change in Accounting Policy on valuation of Inventories <BR> Following the implementation of SAP accounting software, the Company has opted to change its accounting policy on valuation of raw materials, packing materials and traded goods from FIFO to Weighted Average Cost from current year onwards. This change aligns the Company’s accounting policy with the general industry practice, thereby enhancing the comparability of the entity’s financial statements with those of other market participants within the industry. <BR> The Company’s previous accounting software – OLIS – did not have the provision to determine the valuation of closing stock of raw materials, packing materials and traded goods on weighted average method. Therefore, it is impracticable to determine the period-specific effects of change in accounting policy on comparative information for one or more prior periods, including opening stock of said items. <BR> However, the closing stock of raw materials, packing materials and traded goods are computed on FIFO method, manually and the impact is disclosed below: <BR> Particulars Rs. Cr. <BR> Value of closing stock of raw materials, packing materials and traded goods on weighted average cost 40.67 <BR> Value of closing stock of raw materials, packing materials and traded goods on FIFO 39.91 <BR> Impact on the Profit and Loss statement 0.76 <BR> The profit for the current year is higher by Rs.0.76 cr on account of change in the accounting policy for valuation of raw materials, packing materials and traded goods from FIFO to weighted average cost. <BR> 9.The figures for the previous periods have been re-grouped, wherever necessary, so as to conform to the current period’s classification2024-04-012025-03-31AuditedStandalone254185000004396000002585810000013876400000150700000432000001272300000631400000116300000885180000024942100000916000000091600000022090000052600000273500000064250000000006425000009317000001574200000161100000010-19444000003.993.99003.993.99Operating and Maintenance Expenses2158800000Other Expenses230900000Operating and Maintenance Expenses8446700000Other Expenses4051000001992400000198000000131000000637000005248700000041000002890000052817000000200900000774980000020960000000382930000065214000001393000001018000001500000001074180000021210000015338000001458370000000223335000001621400000-1944400000-323000000-32300000000008657000004135000001279200000159431000000384210000038421000009758000002076100000061630000002137730000022656500000223335000001. Other Non Current Liabilities inlcude the folllwing: <BR> Employee Benefit Obligations - Rs.4135 (lakhs) <BR> <BR> 2. Other Current Liabilities include the following: <BR> Employee Benefit Obligations - Rs.1512 (lakhs) <BR> Other Current Liabilities - Rs.4651 (lakhs) <BR> <BR> 631400000-44300000-616200000000043000000010107000000-16210000001163000000-68600000000011900000362300000000-18100000011240000006303000001546300000000384000000011623000000000000009840000000000000000000000119000003623000000-1560000026020000000000000-4351000000008560000000-52070000090180000009018000005619600000652140000000Other comprehensive income [Abstract]-47000000Tax(expenses) / benefit on above4900000-42100000Other comprehensive income [Abstract]653900000Tax(expenses) / benefit on above27780000093170000000-42100000931700000MADRAS FERTILIZERS LIMITED******MANOJ KUMAR JAIN******CHAIRMAN AND MANAGING DIRECTOR - W.E.F 07.06.2024RemunerationNot appliable, approved by Department of Fertilizers448700000MADRAS FERTILIZERS LIMITED******A MADHAN MOHAN******GENERAL MANAGER - FINANCE & ACCOUNTS/CHIEF FINANCIAL OFFICER - W.E.F 01-07-2024RemunerationNot appliable, approved by Department of Fertilizers690200000MADRAS FERTILIZERS LIMITED******J SRINIVASA SARAVANAN******COMPANY SECRETARYRemunerationNot appliable, approved by Department of Fertilizers161400000MADRAS FERTILIZERS LIMITED******SANJAY SHETYA******INDEPENDENT DIRECTORAny other transactionSitting FeesNot applicable, sitting fees23600000MADRAS FERTILIZERS LIMITED******MFL EMPLOYEES CONTRIBUTORY PF TRUST******TRUSTEEAny other transactionEMPLOYEES PF CONTRIBUTION TO MFL EMPLOYEES CONTRIBUTORY PF TRUSTNA55500000MADRAS FERTILIZERS LIMITED******VENKATARAO NALABOTHU******INDEPENDENT DIRECTORAny other transactionSitting FeesNot applicable, sitting fees14800000MADRAS FERTILIZERS LIMITED******JAYANTHI RAGHUNATHAN CHAKRAVARTHI******INDEPENDENT DIRECTORAny other transactionSitting FeesNot applicable, sitting fees23600000MADRAS FERTILIZERS LIMITED******JATIN KUMAR MOHANTY******INDEPENDENT DIRECTORAny other transactionSitting FeesNot applicable, sitting fees3250000014503000AuditedtrueCHANDRAN & RAMANtrue2027-04-30