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 29-05-2024
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-05-2024
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-05-2024 14:00
End date and time of board meeting 29-05-2024 16:30
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 Declaration of unmodified opinion



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 01-01-2024 01-04-2023
B Date of end of reporting period 31-03-2024 31-03-2024
C Whether results are audited or unaudited Audited Audited
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 6078 30752
Other income -3 96
Total income 6075 30848
2 Expenses
(a) Cost of materials consumed 4419 23883
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 5 149
(d) Employee benefit expense 959 3872
(e) Finance costs 69 279
(f) Depreciation, depletion and amortisation expense 99 411
(f) Other Expenses
1 Power & Fuel 126 591
2 Rent 21 72
3 Repair & Maintainance 62 273
4 Freight Ourwards 43 195
5 Travelling Exp 20 91
6 Others 129 354
10
Total other expenses 401 1576
Total expenses 5952 30170

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 01-01-2024 01-04-2023
B Date of end of reporting period 31-03-2024 31-03-2024
C Whether results are audited or unaudited Audited Audited
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 123 678
4 Exceptional items 0 0
5 Total profit before tax 123 678
7 Tax expense
8 Current tax 38 156
9 Deferred tax -8 12
10 Total tax expenses 30 168
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 93 510
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 93 510

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 01-01-2024 01-04-2023
B Date of end of reporting period 31-03-2024 31-03-2024
C Whether results are audited or unaudited Audited Audited
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
1 Remesermrnt of post employement benefits obligation -34 -34
Total Amount of items that will not be reclassified to profit and loss -34 -34
2 Income tax relating to items that will not be reclassified to profit or loss -8 -8
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 -26 -26

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 01-01-2024 01-04-2023
B Date of end of reporting period 31-03-2024 31-03-2024
C Whether results are audited or unaudited Audited Audited
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 67 484
24 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
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 240 240
Face value of equity share capital 10 10
27 Details of debt securities
28 Reserves excluding revaluation reserve 3644
29 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.82 20.21
Diluted earnings (loss) per share from continuing operations 2.82 20.21
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 2.82 20.21
Diluted earnings (loss) per share from continuing and discontinued operations 2.82 20.21
30 Debt equity ratio
31 Debt service coverage ratio
32 Interest service coverage ratio
33 Disclosure of notes on financial results Textual 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
Particulars Current year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2023
Date of end of reporting period 31-03-2024
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 3135
Capital work-in-progress 45
Investment property 0
Goodwill 0
Other intangible assets 24
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 499
Total non-current financial assets 499
Deferred tax assets (net) 9
Other non-current assets 299
Total non-current assets 4011
2 Current assets
Inventories 2168
Current financial asset
Current investments 0
Trade receivables, current 3676
Cash and cash equivalents 67
Bank balance other than cash and cash equivalents 442
Loans, current 0
Other current financial assets 110
Total current financial assets 4295
Current tax assets (net) 0
Other current assets 739
Total current assets 7202

Statement of Asset and Liabilities
Particulars Current year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2023
Date of end of reporting period 31-03-2024
Whether results are audited or unaudited Audited
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 11213
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital 240
Other equity 3643
Total equity attributable to owners of parent 3883
Non controlling interest
Total equity 3883
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 15
Trade payables, non-current 0
Other non-current financial liabilities 171
Total non-current financial liabilities 186
Provisions, non-current 142
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 328
Current liabilities
Current financial liabilities
Borrowings, current 2436
Trade payables, current 4057
Other current financial liabilities 78
Total current financial liabilities 6571
Other current liabilities 424
Provisions, current 0
Current tax liabilities (Net) 7
Deferred government grants, Current 0
Total current liabilities 7002
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 7330
Total equity and liabilites 11213
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 01-01-2024 01-04-2023
Date of end of reporting period 31-03-2024 31-03-2024
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Automobile Components 3849 14650
2 Agriculture Implements 2229 16102
Total Segment Revenue 6078 30752
Less: Inter segment revenue 0 0
Revenue from operations 6078 30752
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Automobile Components 380 1061
2 Agriculture Implements -40 357
Total Profit before tax 340 1418
i. Finance cost 69 279
ii. Other Unallocable Expenditure net off Unallocable income 148 461
Profit before tax 123 678
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Automobile Components 6076 6076
2 Agriculture Implements 3889 3889
Total Segment Asset 9965 9965
Un-allocable Assets 1248 1248
Net Segment Asset 11213 11213
4 Segment Liabilities
Segment Liabilities
1 Automobile Components 3215 3215
2 Agriculture Implements 1657 1657
Total Segment Liabilities 4872 4872
Un-allocable Liabilities 2458 2458
Net Segment Liabilities 7330 7330
Disclosure of notes on segments

Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2023
B Date of end of reporting period 31-03-2024
C Whether results are audited or unaudited Audited
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 678
Adjustments for reconcile profit (loss)
Adjustments for finance costs 279
Adjustments for decrease (increase) in inventories 264
Adjustments for decrease (increase) in trade receivables, current 25
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 650
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 -966
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -33
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 411
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 79
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 -32
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 519
Net cash flows from (used in) operations 1197
Dividends received 0
Interest paid 0
Interest received 79
Income taxes paid (refund) 103
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1173
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 11
Purchase of property, plant and equipment 420
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -409
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 240
Repayments of borrowings 1389
Payments of finance lease liabilities 0
Payments of lease liabilities 89
Dividends paid 96
Interest paid 279
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
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 equivalents 0
Net increase (decrease) in cash and cash equivalents -849
Cash and cash equivalents cash flow statement at beginning of period 1358
Cash and cash equivalents cash flow statement at end of period 509