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 approved29-05-2024
Date on which prior intimation of the meeting for considering financial results was informed to the exchange16-05-2024
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterYearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedAudited
Segment ReportingMulti segment
Description of single segment
Start date and time of board meeting29-05-2024 14:00
End date and time of board meeting29-05-2024 16:30
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 qualificationDeclaration of unmodified opinion



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 period01-01-202401-04-2023
BDate of end of reporting period31-03-202431-03-2024
CWhether results are audited or unauditedAuditedAudited
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 operations607830752
Other income-396
Total income607530848
2Expenses
(a)Cost of materials consumed441923883
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade5149
(d)Employee benefit expense 9593872
(e)Finance costs69279
(f)Depreciation, depletion and amortisation expense99411
(f)Other Expenses
1Power & Fuel126591
2Rent2172
3Repair & Maintainance62273
4Freight Ourwards43195
5Travelling Exp2091
6Others129354
10
Total other expenses4011576
Total expenses595230170

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 period01-01-202401-04-2023
BDate of end of reporting period31-03-202431-03-2024
CWhether results are audited or unauditedAuditedAudited
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 tax123678
4Exceptional items 00
5Total profit before tax123678
7Tax expense
8Current tax38156
9Deferred tax-812
10Total tax expenses30168
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 operations93510
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 period93510

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 period01-01-202401-04-2023
BDate of end of reporting period31-03-202431-03-2024
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
1Remesermrnt of post employement benefits obligation-34-34
Total Amount of items that will not be reclassified to profit and loss-34-34
2Income tax relating to items that will not be reclassified to profit or loss -8-8
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 income-26-26

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 period01-01-202401-04-2023
BDate of end of reporting period31-03-202431-03-2024
CWhether results are audited or unauditedAuditedAudited
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 period67484
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
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 capital240240
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve3644
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations2.8220.21
Diluted earnings (loss) per share from continuing operations2.8220.21
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 operations2.8220.21
Diluted earnings (loss) per share from continuing and discontinued operations2.8220.21
30Debt equity ratio
31Debt service coverage ratio
32Interest service coverage ratio
33Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)4.The above financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meeting held at Ghaziabad on dated 29th May' 2024. The Statutory auditors have audited the financial results for the year ended 31st March, 2024 and have expressed an unmodified audit opinion.
5. The Board of Directors have recommended a dividend of Rs 4.50/- Per equity share for the year 2023-24, subject to the approval of shareholders in the upcoming Annual General Meeting.
6. These financial results have been prepared as per Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles relevant thereto.
7. The figures for the quarter ended 31st March, 2024 and 31st March, 2023 are the balancing figures between the audited figures in respect of full financial year and the unaudited published figures upto nine months of relevant financial year.
8. 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 seats, LCV seats, Seat mechanisms and Seat Frames for passenger and commercial vehicles ;
b) Agriculture Implements, which includes Rotavators, Tractor trailers, Box Scrapper and Rotary Tiller etc.
9. Previous year / quarter figures have been regrouped / recasted , wherever necessary to make them comparable.



Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2023
Date of end of reporting period31-03-2024
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment3135
Capital work-in-progress45
Investment property0
Goodwill0
Other intangible assets24
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 assets499
Total non-current financial assets499
Deferred tax assets (net)9
Other non-current assets299
Total non-current assets4011
2Current assets
Inventories2168
Current financial asset
Current investments0
Trade receivables, current3676
Cash and cash equivalents67
Bank balance other than cash and cash equivalents442
Loans, current0
Other current financial assets110
Total current financial assets4295
Current tax assets (net)0
Other current assets739
Total current assets7202

Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2023
Date of end of reporting period31-03-2024
Whether results are audited or unauditedAudited
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 assets11213
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital240
Other equity3643
Total equity attributable to owners of parent3883
Non controlling interest
Total equity3883
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current15
Trade payables, non-current0
Other non-current financial liabilities171
Total non-current financial liabilities186
Provisions, non-current142
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities328
Current liabilities
Current financial liabilities
Borrowings, current2436
Trade payables, current4057
Other current financial liabilities78
Total current financial liabilities6571
Other current liabilities424
Provisions, current0
Current tax liabilities (Net)7
Deferred government grants, Current0
Total current liabilities7002
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities7330
Total equity and liabilites11213
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 period01-01-202401-04-2023
Date of end of reporting period31-03-202431-03-2024
Whether accounts are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1Automobile Components384914650
2Agriculture Implements222916102
Total Segment Revenue607830752
Less: Inter segment revenue00
Revenue from operations 607830752
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1Automobile Components3801061
2Agriculture Implements-40357
Total Profit before tax3401418
i. Finance cost69279
ii. Other Unallocable Expenditure net off Unallocable income148461
Profit before tax123678
3(Segment Asset - Segment Liabilities)
Segment Asset
1Automobile Components60766076
2Agriculture Implements38893889
Total Segment Asset99659965
Un-allocable Assets12481248
Net Segment Asset1121311213
4Segment Liabilities
Segment Liabilities
1Automobile Components32153215
2Agriculture Implements16571657
Total Segment Liabilities48724872
Un-allocable Liabilities24582458
Net Segment Liabilities73307330
Disclosure of notes on segments

Cash flow statement, indirect

ParticularsYear ended (dd-mm-yyyy)
ADate of start of reporting period01-04-2023
BDate of end of reporting period31-03-2024
CWhether results are audited or unauditedAudited
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 tax678
Adjustments for reconcile profit (loss)
Adjustments for finance costs279
Adjustments for decrease (increase) in inventories264
Adjustments for decrease (increase) in trade receivables, current25
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets650
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-966
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities-33
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense411
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 income79
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 items-32
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)519
Net cash flows from (used in) operations1197
Dividends received0
Interest paid0
Interest received79
Income taxes paid (refund)103
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities1173
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 equipment11
Purchase of property, plant and equipment420
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 received0
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) investing activities-409
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 borrowings240
Repayments of borrowings1389
Payments of finance lease liabilities0
Payments of lease liabilities89
Dividends paid96
Interest paid279
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities-1613
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes-849
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-849
Cash and cash equivalents cash flow statement at beginning of period1358
Cash and cash equivalents cash flow statement at end of period509