Andhra Cement Ltd. — Interim / Quarterly Report 2025

Jul 18, 2024

RA CEMENTS LIMITED Subsidiary of SAGAR CEMENTS LIMITED

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Ref. ACL.SE:2024

18[th ] July, 2024

The Manager The Manager Listing Department Listing Department National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, G-Block 25[th ] Floor, New Trading Ring, Bandra-Kurla Complex, Bandra (E), P J Towers, Dalal Street, Fort Mumbai - 400051 Mumbai - 400 001 NSE Symbol: ACL BSE Scrip Code - 532141

Dear Sirs

• Sub: Regulation 33 of SEBI (LODR) Regulations 2015 - Furnishing of un-audited Financial Results for the p[t ] quarter/ 3 months period ended 30[th ] June, 2024.

In continuation of our letter dated 9[th ] July, 2024, we wish to inform you that our Board of Directors at their meeting held on today took on record and approved the un-audited Financial Results for the p[t ] quarter/ 3 months period ended 30[th ] June, 2024.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose the following:

• a) Un-audited Financial Results for the 1[st ] quarter/ 3 months period ended 30[th ] June, 2024 b) Limited Report on the Financial Results

The above said meeting_of the Board of Directors commenced at 12.00 Noon and concluded at 1.15 p.m.

We would request you to kindly take the above information/ documents on record

Thanking you,

Yours truly, For ANDHRA CEMENTS L � G. TIRUPATI RAO COMPANY SECRETARY M. No. F2818

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Encl; As Above

Regd. Office & Works : Durga Cement Works, Durgapuram, Srinagar Pose, Dachepalli Mandal, Palnadu Discricc, AP - 522414. Phone: +91 8649-257441 / 42 I Fax: +91 8649-257428

Vi zag Unit : Visakha Cement Works, Parlupalem Village, Durganagar Pose, Visakhapacnam - 530029, AP. Corporate Office : Plot No. I 11, Road No. I 0, Jubilee Hills, Hyderabad - 500033,Telangana, India. Phone : +91-40-23351571, 23351572 Fax : +91-40-23356573

Website: www.andhracements.com I E-mail: investorcell@andhracements.com I CIN: L26942APl936PLC002379 I GSTIN: 37AABCA9263D2ZQ

ANDHRA CEMENTS LIMITED

CIN No: L26942APl936PLC002379

Sri Durga Cement Works, Sri Durgapuram, Srinagar Post, Dachepalli Manda I, Palnadu District, Andhra Pradesh - 522 414, Phone: +91 8649 257441 Fax: +91 8649 257428, Email: investorcell@andhracements.com, Website: www.andhracements.com

STATEMENT OF UNAUDITED FINANCIAL RES UL TS FOR THE QUARTER ENDED JUNE 30, 2024

			({ in lakhs,exceptper share data and unless otherwise stated)	({ in lakhs,exceptper share data and unless otherwise stated)	({ in lakhs,exceptper share data and unless otherwise stated)	({ in lakhs,exceptper share data and unless otherwise stated)
SI.No.	Pa rticu la rs		Quarter ended			Year ended
			June 30, 2024	March 31, 2024	June 30, 2023	March 31, 2024
			(Unaudited)	(Unaudited) (Refernote 5)	(Unaudited)	(Audited)
1	Income
	(a) Revenuefrom operations		6,339 9,184		1,320	26,811
	(b) Other income		456 746		36	851
	Total income		6,795 9,930		1,356	27,662
2	Expenses
	(a) Costof materials consumed		1,120 1,283		707	4,248
	(b) Changes in inventories of fnished goods and work-in- I progress		(I,118) 521		(5)	(1,924)
	(c) Employee benefts expense		402 390		280	1,326
	(d)Financecosts		1,804 1,761		1,414	7,054
	(e) Depreciation and amortisation expense		1,722 1,492		1,287	5,641
	(fPower and fuel expenses		3,871 4,255		476	14,982
	(g)Freight and frwardingexpense		1,366 1,787		288	4,478
	(h) Other expenses		1,236 1,408		671	4,025
	Total exJJenses		10,403 12,897		5,118	39,830
3	Loss before exce1ltional items and tax (l- 2)		(3,608) (2,967)		(3,762)	(12,168)
4	Exceptional items(Refernote4)		~~-~~ ~~-~~		~~-~~	1,479
5	Loss before tax (3+ 4)		(3,608) (2,967)		(3,762)	(10,689)
6	Tax exuense
	(a) Current tax		~~-~~ ~~-~~		~~-~~	-
	(b) Deferred tax		(1,249) (1,089)		(1,296)	(4,128)
		Total tax exrJense	(1,249) (1,089)		(1,296)	(4,128)
7		Net loss for the period/ year (5- 6)	(2,359) (,878)		(2,466)	(6,561)
8		Other Comprehensive Income
		(i)Remeasurementsgain on defnedbenefitplans	(I) (2)		~~-~~	(2)
		(ii) Income tax relating to items that will not be reclassifed to proft or loss	~~-~~ 1		-	I
		Total Other ComJJrehensive Income	(I) (1'		~~-~~	(1)
9		Total Comprehensive loss (7+8)	(2,360) (1,879) (2,466)			(6,562)
10		Paid upequityshare capital(Face value of { 10per share)				9,217
11		Other equity				20,464
12		Earningsper share of { IO each
		(a)Basic (in{)	(2.56) (2.04) (2.68)			(7.12)
		(b) Diluted (in{)	(2.56) (2.04) (2.68)			(7.12)
			() () (*)

() - Not Annualised*

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Notes:

• I The above unaudited financial results of Andhra Cements Limited ("the Company[M] ) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on July 18. 2024. The statutory auditors of the Company have issued an unmodified conclusion in respect of the limited review of the quarter ended June 30, 2024.

The Company is engaged in manufacture and sale of "cement and cement related products" which constitutes a single reportable business segment as per Ind AS I 08 - 'Operating Segments'.

• The unaudited financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI").

• Exceptional item in the financial results represents impairment reversal recorded for the year ended March 31, 2024, based on remeasurement of certain assets at fair value as per the agreement entered by the Company.

The figures for the quarter ended March 31. 2024 are the balancing figures of the audited financials for the year ended March 31, 2024 and unaudited year to date published results for the nine months ended December 31, 2023, which were subject to limited review by the statutory auditors.

Place: Hyderabad Date: July 18, 2024

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For Andhra Cements Limited
\ ;'
')
Dr. S. Anand Reddy
(Managing Director)
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Chartered Accountants KRB Towers, Plot No.1 to 4[& ] 4A l[5] ', 2 [nd ][& ] 3 [rd ] Floor Jubilee Enclave, Madhapur Hyderabad - 500 081 Telanagana, India

Deloitte Haskins & S,ells

Tel : +91 40 7125 3600 Fax : +91 40 7125 3601

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF ANDHRA CEMENTS LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial Results of ANDHRA CEMENTS LIMITED ("the Company"), for the quarter ended June 30, 2024 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Co1 npanies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Registration No. 0080725)

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C Manish Muralidhar (Partner) (Membership No. 213649) (UDIN: 24213649BKCJHR1264)

Place: Hyderabad Date: July 18, 2024