General information about company
Scrip code*		513554
NSE Symbol*		MAHASTEEL
MSEI Symbol*		NOTLISTED
ISIN*		INE451L01014
Name of company		MAHAMAYA STEEL INDUSTRIES LIMITED
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2024
Date of end of financial year		31-03-2025
Date of board meeting when results were approved		27-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		20-05-2025
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Fourth quarter
Nature of report standalone or consolidated		Consolidated
Whether results are audited or unaudited for the quarter ended		Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Audited
Segment Reporting		Single segment
Description of single segment		STEEL SEGEMENT
Start date and time of board meeting		27-05-2025 13:30
End date and time of board meeting		27-05-2025 16:45
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)
Date of start of reporting period		01-01-2025	01-04-2024
Date of end of reporting period		31-03-2025	31-03-2025
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
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	23617.28	80176.43
	Other income	104.64	123.29
	Total income	23721.92	80299.72
2	Expenses
(a)	Cost of materials consumed	17779.74	64194.95
(b)	Purchases of stock-in-trade	11.69	215.81
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	1416.83	725.4
(d)	Employee benefit expense	417.08	1413.09
(e)	Finance costs	109.31	388.6
(f)	Depreciation, depletion and amortisation expense	202.39	786.71
(g)	Other Expenses
1	OTHER EXPENSES	3220.33	11755.54
	Total other expenses	3220.33	11755.54
	Total expenses	23157.37	79480.1
3	Total profit before exceptional items and tax	564.55	819.62
4	Exceptional items	0	45.39
5	Total profit before tax	564.55	865.01
6	Tax expense
7	Current tax	154.94	276.6
8	Deferred tax	-9.66	-31.33
9	Total tax expenses	145.28	245.27
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	419.27	619.74
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	121.44	140.33
16	Total profit (loss) for period	540.71	760.07
17	Other comprehensive income net of taxes	12.24	12.24
18	Total Comprehensive Income for the period	552.95	772.31
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1643.44	1643.44
	Face value of equity share capital	10	10
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.29	4.62
	Diluted earnings (loss) per share from continuing operations	3.29	4.62
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
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	3.29	4.62
	Diluted earnings (loss) per share from continuing and discontinued operations	3.29	4.62
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

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Textual Information(4)

NOTES

1. The above results of the company for the quarter and year ended 31st March, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May, 2025.
2. The above year end results have been Audited and the quaterly results have been reviewed by the Statutory Auditor of the Company.

3. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

4. The company is elegible for electricity duty subsidy under the Industrial Policy of the state of Chhattishgarh. The application filed by the company to the CGM, DIC is under process and presently pending before Commissioner of industries for his approval. The order is expected to be issued soon. There is a reasonable certainty regarding ultimate collection of the same. The company has recognised the subsidy as assets in the books of accounts in accordance with the provisons of Ind AS. Total receivable amount is Rs.1105.69 Lakhs as at 31st March 2025.

5. The Board of Directors of the Company in its meeting held on 04.01.2025 have redeemed 10,00,000 nos. of 8% Redeemable Non Convertible Non Cumulative Preference Shares of the Company
of Rs.10/- each at premium of Rs. 10/- each aggregating to Rs.2,00,00,000/- issued to M/s. Escort Finvest Private Limited.

6. The Company has one reportable business segment viz. "Steel Segment"

7. The previous year/period figures have been regrouped, rearranged wherever found necessary.

8. The Statement includes the results for the quarter ended 31.03.2025 being the balancing figure between audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year.

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2024
Date of end of reporting period		31-03-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	7030.71
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	2738.34
	Trade receivables, non-current
	Loans, non-current	2744.41
	Other non-current financial assets
	Total non-current financial assets	5482.75
	Deferred tax assets (net)
	Other non-current assets	116.35
	Total non-current assets	12629.81
2	Current assets
	Inventories	8088.46
	Current financial asset
	Current investments	0
	Trade receivables, current	2480.85
	Cash and cash equivalents	75.79
	Bank balance other than cash and cash equivalents	0
	Loans, current	0
	Other current financial assets	108.94
	Total current financial assets	2665.58
	Current tax assets (net)
	Other current assets	1026.29
	Total current assets	11780.33
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	24410.14
	Total current assets	11780.33
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	24410.14
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1643.44
	Other equity	13254.73
	Total equity attributable to owners of parent	14898.17
	Non controlling interest
	Total equity	14898.17
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	881.73
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
	Total non-current financial liabilities	881.73
	Provisions, non-current	71.23
	Deferred tax liabilities (net)	672.73
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	1625.69
	Current liabilities
	Current financial liabilities
	Borrowings, current	3721.51
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2414.59
	Total Trade payable	2414.59
	Other current financial liabilities
	Total current financial liabilities	6136.1
	Other current liabilities	1081.13
	Provisions, current	632.44
	Current tax liabilities (Net)	36.61
	Deferred government grants, Current
	Total current liabilities	7886.28
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	9511.97
	Total equity and liabilities	24410.14
	Disclosure of notes on assets and liabilities	Textual Information(1)

Other Comprehensive Income
Date of start of reporting period		01-01-2025	01-04-2024
Date of end of reporting period		31-03-2025	31-03-2025
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Other comprehensive income [Abstract]	12.24	12.24
	Total Amount of items that will not be reclassified to profit and loss	12.24	12.24
2	Income tax relating to items that will not be reclassified to profit or loss	0.00	0.00
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	0.00	0.00
5	Total Other comprehensive income	12.24	12.24

Cash flow statement, indirect
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2024
Date of end of reporting period		31-03-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	865.01
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	388.6
	Adjustments for decrease (increase) in inventories	645.08
	Adjustments for decrease (increase) in trade receivables, current	-1017.42
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	-297.63
	Adjustments for decrease (increase) in other non-current assets	-18.01
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	3.84
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	1028.74
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	-998.63
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	786.71
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	-231.09
	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	0
	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	-30.57
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	259.62
	Net cash flows from (used in) operations	1124.63
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	240
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	884.63
3	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	0
	Purchase of property, plant and equipment	918.13
	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	162.86
	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	-1.07
	Net cash flows from (used in) investing activities	-1082.06
4	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	518.96
	Repayments of borrowings	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	388.6
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	130.36
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-67.07
5	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	-67.07
	Cash and cash equivalents cash flow statement at beginning of period	142.88
	Cash and cash equivalents cash flow statement at end of period	75.81

Details of Impact of Audit Qualification
Whether results are audited or unaudited		Audited
Declaration of unmodified opinion or statement on impact of audit qualification		Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Consolidated results		Yes
	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	K P R K & ASSOCIATES	Yes	30-04-2026

General information about company

Financial Results – Ind-AS

Text Block

Statement of Asset and Liabilities

Other Comprehensive Income

Cash flow statement, indirect

Details of Impact of Audit Qualification