General information about company

Scrip code539353
NSE SymbolNA
MSEI SymbolNA
ISIN*INE724G01014
Name of companySAL AUTOMOTIVE LTD
Type of company
Class of securityEquity
Date of start of financial year01-04-2023
Date of end of financial year31-03-2024
Date of board meeting when results were approved30-10-2023
Date on which prior intimation of the meeting for considering financial results was informed to the exchange23-10-2023
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterHalf yearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedUnaudited
Segment ReportingMulti segment
Description of single segment
Start date and time of board meeting30-10-2023 14:00
End date and time of board meeting30-10-2023 17:05
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationNot applicable



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-202301-04-2023
BDate of end of reporting period30-09-202330-09-2023
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations802716521
Other income5393
Total income808016614
2Expenses
(a)Cost of materials consumed625313032
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade7277
(d)Employee benefit expense 9711922
(e)Finance costs76152
(f)Depreciation, depletion and amortisation expense106193
(f)Other Expenses
1POWER AND FUEL161313
2RENT1734
3REPAIR AND MAINTAINANCE67164
4FREIGHT OUTWARD53103
5TRAVELLING2643
6OTHERS76140
10
Total other expenses400797
Total expenses787816173

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-202301-04-2023
BDate of end of reporting period30-09-202330-09-2023
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax202441
4Exceptional items 00
5Total profit before tax202441
7Tax expense
8Current tax49101
9Deferred tax413
10Total tax expenses53114
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations149327
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period149327

Financial Results Ind-AS

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-202301-04-2023
BDate of end of reporting period30-09-202330-09-2023
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2Income tax relating to items that will not be reclassified to profit or loss 00
3Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4Income tax relating to items that will be reclassified to profit or loss 00
5Total Other comprehensive income00

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-07-202301-04-2023
BDate of end of reporting period30-09-202330-09-2023
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period149327
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent00
Total profit or loss, attributable to non-controlling interests00
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital239239
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations6.2313.65
Diluted earnings (loss) per share from continuing operations6.2313.65
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations6.2313.65
Diluted earnings (loss) per share from continuing and discontinued operations6.2313.65
30Debt equity ratio00
31Debt service coverage ratio00
32Interest service coverage ratio00
33Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)Notes:

4. The above unaudited financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held at Ghaziabad on October 30, 2023. The Statutory auditors have conducted a limited review of above financial results. .

5. These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles relevant thereto.

6. As per Ind AS - 108 dealing with "Operating Segment", Company has reported following two segments as its operating segments: -
a) Automobile Components, which includes Tractor seat, LCV Seat, Seat Mechanism and Seat Frame for passenger & commercial vehicles;
b) Agriculture Implements, which includes Rotavator, Tractor Trailer, Box Scrapper and Rotary Tiller etc.



Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2023
Date of end of reporting period30-09-2023
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment3074
Capital work-in-progress133
Investment property0
Goodwill0
Other intangible assets263
Intangible assets under development0
Biological assets other than bearer plants0
Investments accounted for using equity method0
Non-current financial assets
Non-current investments0
Trade receivables, non-current0
Loans, non-current0
Other non-current financial assets2496
Total non-current financial assets2496
Deferred tax assets (net)0
Other non-current assets86
Total non-current assets6052
2Current assets
Inventories2363
Current financial asset
Current investments0
Trade receivables, current3405
Cash and cash equivalents8
Bank balance other than cash and cash equivalents6
Loans, current0
Other current financial assets249
Total current financial assets3668
Current tax assets (net)13
Other current assets655
Total current assets6699

Statement of Asset and Liabilities

ParticularsHalf year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2023
Date of end of reporting period30-09-2023
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets12751
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital240
Other equity3486
Total equity attributable to owners of parent3726
Non controlling interest
Total equity3726
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current683
Trade payables, non-current0
Other non-current financial liabilities208
Total non-current financial liabilities891
Provisions, non-current0
Deferred tax liabilities (net)0
Deferred government grants, Non-current0
Other non-current liabilities199
Total non-current liabilities1090
Current liabilities
Current financial liabilities
Borrowings, current2734
Trade payables, current4783
Other current financial liabilities77
Total current financial liabilities7594
Other current liabilities341
Provisions, current0
Current tax liabilities (Net)0
Deferred government grants, Current0
Total current liabilities7935
3Liabilities directly associated with assets in disposal group classified as held for sale0
4Regulatory deferral account credit balances and related deferred tax liability0
Total liabilities9025
Total equity and liabilites12751
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-07-202301-04-2023
Date of end of reporting period30-09-202330-09-2023
Whether accounts are audited or unauditedUnauditedUnaudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1AUTOMOBILE COMPONENTS35947522
2AGRICULTURE IMPLEMENTS44338999
Total Segment Revenue802716521
Less: Inter segment revenue00
Revenue from operations 802716521
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1AUTOMOBILE COMPONENTS277637
2AGRICULTURE IMPLEMENTS108179
Total Profit before tax385816
i. Finance cost76152
ii. Other Unallocable Expenditure net off Unallocable income107223
Profit before tax202441
3(Segment Asset - Segment Liabilities)
Segment Asset
1AUTOMOBILE COMPONENTS61066106
2AGRICULTURE IMPLEMENTS38323832
Total Segment Asset99389938
Un-allocable Assets28132813
Net Segment Asset1275112751
4Segment Liabilities
Segment Liabilities
1AUTOMOBILE COMPONENTS45104510
2AGRICULTURE IMPLEMENTS38323832
Total Segment Liabilities83428342
Un-allocable Liabilities683683
Net Segment Liabilities90259025
Disclosure of notes on segments

Cash flow statement, indirect

Particulars6 months ended (dd-mm-yyyy)
ADate of start of reporting period01-07-2023
BDate of end of reporting period30-09-2023
CWhether results are audited or unauditedUnaudited
DNature of report standalone or consolidatedStandalone
Part IBlue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax441
Adjustments for reconcile profit (loss)
Adjustments for finance costs152
Adjustments for decrease (increase) in inventories69
Adjustments for decrease (increase) in trade receivables, current296
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets-1405
Adjustments for decrease (increase) in other non-current assets0
Adjustments for other financial assets, non-current0
Adjustments for other financial assets, current0
Adjustments for other bank balances0
Adjustments for increase (decrease) in trade payables, current-240
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities-54
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense193
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for provisions, current0
Adjustments for provisions, non-current0
Adjustments for other financial liabilities, current0
Adjustments for other financial liabilities, non-current0
Adjustments for unrealised foreign exchange losses gains0
Adjustments for dividend income0
Adjustments for interest income71
Adjustments for share-based payments0
Adjustments for fair value losses (gains)0
Adjustments for undistributed profits of associates0
Other adjustments for which cash effects are investing or financing cash flow0
Other adjustments to reconcile profit (loss)0
Other adjustments for non-cash items0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)-1060
Net cash flows from (used in) operations-619
Dividends received0
Interest paid0
Interest received0
Income taxes paid (refund)68
Other inflows (outflows) of cash-5
Net cash flows from (used in) operating activities-692
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities0
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property, plant and equipment7
Purchase of property, plant and equipment255
Proceeds from sales of investment property0
Purchase of investment property0
Proceeds from sales of intangible assets0
Purchase of intangible assets0
Proceeds from sales of intangible assets under development0
Purchase of intangible assets under development0
Proceeds from sales of goodwill0
Purchase of goodwill0
Proceeds from biological assets other than bearer plants0
Purchase of biological assets other than bearer plants0
Proceeds from government grants0
Proceeds from sales of other long-term assets0
Purchase of other long-term assets0
Cash advances and loans made to other parties0
Cash receipts from repayment of advances and loans made to other parties0
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received0
Interest received71
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) investing activities-177
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries0
Payments from changes in ownership interests in subsidiaries0
Proceeds from issuing shares0
Proceeds from issuing other equity instruments0
Payments to acquire or redeem entity's shares0
Payments of other equity instruments0
Proceeds from exercise of stock options0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings276
Repayments of borrowings459
Payments of finance lease liabilities0
Payments of lease liabilities44
Dividends paid96
Interest paid152
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities-475
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes-1344
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents0
Net increase (decrease) in cash and cash equivalents-1344
Cash and cash equivalents cash flow statement at beginning of period1358
Cash and cash equivalents cash flow statement at end of period14