General information about company
Scrip code 539353
NSE Symbol NA
MSEI Symbol NA
ISIN* INE724G01014
Name of company SAL AUTOMOTIVE LTD
Type of company
Class of security Equity
Date of start of financial year 01-04-2023
Date of end of financial year 31-03-2024
Date of board meeting when results were approved 30-10-2023
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-10-2023
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-10-2023 14:00
End date and time of board meeting 30-10-2023 17:05
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results � Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2023 01-04-2023
B Date of end of reporting period 30-09-2023 30-09-2023
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue 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.
1 Income
Revenue from operations 8027 16521
Other income 53 93
Total income 8080 16614
2 Expenses
(a) Cost of materials consumed 6253 13032
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 72 77
(d) Employee benefit expense 971 1922
(e) Finance costs 76 152
(f) Depreciation, depletion and amortisation expense 106 193
(f) Other Expenses
1 POWER AND FUEL 161 313
2 RENT 17 34
3 REPAIR AND MAINTAINANCE 67 164
4 FREIGHT OUTWARD 53 103
5 TRAVELLING 26 43
6 OTHERS 76 140
10
Total other expenses 400 797
Total expenses 7878 16173

Financial Results � Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2023 01-04-2023
B Date of end of reporting period 30-09-2023 30-09-2023
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue 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.
3 Total profit before exceptional items and tax 202 441
4 Exceptional items 0 0
5 Total profit before tax 202 441
7 Tax expense
8 Current tax 49 101
9 Deferred tax 4 13
10 Total tax expenses 53 114
11 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
14 Net Profit Loss for the period from continuing operations 149 327
15 Profit (loss) from discontinued operations before tax 0 0
16 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
19 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
21 Total profit (loss) for period 149 327

Financial Results � Ind-AS
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2023 01-04-2023
B Date of end of reporting period 30-09-2023 30-09-2023
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 0 0

Financial Results � Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2023 01-04-2023
B Date of end of reporting period 30-09-2023 30-09-2023
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue 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.
23 Total Comprehensive Income for the period 149 327
24 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
25 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
26 Details of equity share capital
Paid-up equity share capital 239 239
Face value of equity share capital 10 10
27 Details of debt securities
28 Reserves excluding revaluation reserve
29 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.23 13.65
Diluted earnings (loss) per share from continuing operations 6.23 13.65
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.23 13.65
Diluted earnings (loss) per share from continuing and discontinued operations 6.23 13.65
30 Debt equity ratio 0 0
31 Debt service coverage ratio 0 0
32 Interest service coverage ratio 0 0
33 Disclosure of notes on financial results Textual 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
Particulars Half year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2023
Date of end of reporting period 30-09-2023
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 3074
Capital work-in-progress 133
Investment property 0
Goodwill 0
Other intangible assets 263
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 2496
Total non-current financial assets 2496
Deferred tax assets (net) 0
Other non-current assets 86
Total non-current assets 6052
2 Current assets
Inventories 2363
Current financial asset
Current investments 0
Trade receivables, current 3405
Cash and cash equivalents 8
Bank balance other than cash and cash equivalents 6
Loans, current 0
Other current financial assets 249
Total current financial assets 3668
Current tax assets (net) 13
Other current assets 655
Total current assets 6699

Statement of Asset and Liabilities
Particulars Half year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2023
Date of end of reporting period 30-09-2023
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 12751
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital 240
Other equity 3486
Total equity attributable to owners of parent 3726
Non controlling interest
Total equity 3726
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 683
Trade payables, non-current 0
Other non-current financial liabilities 208
Total non-current financial liabilities 891
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 199
Total non-current liabilities 1090
Current liabilities
Current financial liabilities
Borrowings, current 2734
Trade payables, current 4783
Other current financial liabilities 77
Total current financial liabilities 7594
Other current liabilities 341
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 7935
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 9025
Total equity and liabilites 12751
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2023 01-04-2023
Date of end of reporting period 30-09-2023 30-09-2023
Whether accounts are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 AUTOMOBILE COMPONENTS 3594 7522
2 AGRICULTURE IMPLEMENTS 4433 8999
Total Segment Revenue 8027 16521
Less: Inter segment revenue 0 0
Revenue from operations 8027 16521
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 AUTOMOBILE COMPONENTS 277 637
2 AGRICULTURE IMPLEMENTS 108 179
Total Profit before tax 385 816
i. Finance cost 76 152
ii. Other Unallocable Expenditure net off Unallocable income 107 223
Profit before tax 202 441
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 AUTOMOBILE COMPONENTS 6106 6106
2 AGRICULTURE IMPLEMENTS 3832 3832
Total Segment Asset 9938 9938
Un-allocable Assets 2813 2813
Net Segment Asset 12751 12751
4 Segment Liabilities
Segment Liabilities
1 AUTOMOBILE COMPONENTS 4510 4510
2 AGRICULTURE IMPLEMENTS 3832 3832
Total Segment Liabilities 8342 8342
Un-allocable Liabilities 683 683
Net Segment Liabilities 9025 9025
Disclosure of notes on segments

Cash flow statement, indirect
Particulars 6 months ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2023
B Date of end of reporting period 30-09-2023
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 441
Adjustments for reconcile profit (loss)
Adjustments for finance costs 152
Adjustments for decrease (increase) in inventories 69
Adjustments for decrease (increase) in trade receivables, current 296
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -1405
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -240
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -54
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 193
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 71
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1060
Net cash flows from (used in) operations -619
Dividends received 0
Interest paid 0
Interest received 0
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 businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 7
Purchase of property, plant and equipment 255
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 71
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -177
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 276
Repayments of borrowings 459
Payments of finance lease liabilities 0
Payments of lease liabilities 44
Dividends paid 96
Interest paid 152
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
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 equivalents 0
Net increase (decrease) in cash and cash equivalents -1344
Cash and cash equivalents cash flow statement at beginning of period 1358
Cash and cash equivalents cash flow statement at end of period 14