General information about company
Scrip code	540147
NSE Symbol
MSEI Symbol
ISIN*	INE700V01021
Name of company	SHASHIJIT INFRAPROJECTS LIMITED
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	30-05-2024
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	18-05-2024
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	30-05-2024 17:00
End date and time of board meeting	30-05-2024 23:50
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	670.43	2735.171
	Other income	0.884	10.498
	Total income	671.314	2745.669
2	Expenses
(a)	Cost of materials consumed	206.61	1202.842
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-39.435	-82.419
(d)	Employee benefit expense	38.031	203.206
(e)	Finance costs	29.621	112.906
(f)	Depreciation, depletion and amortisation expense	20.722	96.353
(f)	Other Expenses
1	Labour Charges	327.99	884.624
2	Machinery Hire Charges	62.75	153.394
3	Other Expenses	58.365	153.02
10
	Total other expenses	449.105	1191.038
	Total expenses	704.654	2723.926

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	-33.34	21.743
4	Exceptional items	0	0
5	Total profit before tax	-33.34	21.743
7	Tax expense
8	Current tax	20.04	28.316
9	Deferred tax	-45.198	-39.33
10	Total tax expenses	-25.158	-11.014
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	-8.182	32.757
15	Profit (loss) from discontinued operations before tax	-94.17	-94.17
16	Tax expense of discontinued operations	0	0
17	Net profit (loss) from discontinued operation after tax	-94.17	-94.17
19	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
21	Total profit (loss) for period	-102.352	-61.413

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	Remeasurment gains/(loss) on defined benefit plans	-0.528	1.082
	Total Amount of items that will not be reclassified to profit and loss	-0.528	1.082
2	Income tax relating to items that will not be reclassified to profit or loss	0.186	0.281
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	-0.714	0.801

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	-103.066	-60.612
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	1034.4	1034.4
	Face value of equity share capital	2	2
27	Details of debt securities
28	Reserves excluding revaluation reserve		146.316
29	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.016	0.063
	Diluted earnings (loss) per share from continuing operations	-0.016	0.063
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	-0.182	-0.182
	Diluted earnings (loss) per share from discontinued operations	-0.182	-0.182
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.198	-0.119
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.198	-0.119
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)

NOTES: 1. The above Standalone Financial Results of the Company have been reviewed and recommended by Audit Committee and approved by the Board of Directors in their respective meeting held on 30th May, 2024. 2. The above Financial Results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS) as amended, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder. 3. The figures for the quarter ended 31st March, 2024 are balancing figures between audited figures of full financial year and the reviewed year-to-date figures up to nine months ended 31st December, 2023. 4. The financial results for the year ended 31st March, 2024 have been subjected to audit by the Statutory Auditor of the Company. The Statutory Auditor of the Company has issued unmodified report on the audited financial results for the quarter and year ended on 31st March, 2024 which was also reviewed and taken on record by Audit Committee and Board in their respective meeting held on 30th May, 2024. 5. The figures for the corresponding previous periods have been re-classified/regrouped/re-arranged, wherever required to make them comparable with the figure of current periods. 6. Company engaged in the business of in Two Segments; i. Construction & Engineering and related/allied activities ii. Development and Operating of Government Infrastructures and related/allied activities However, the second line of business involving Development and Operating of Government Infrastructures and related/allied activities has been terminated by Vapi Nagar Palika. Therefore, during the quarter under review, the Company has effectively operated in only one reportable segment as per Indian Accounting Standard 108 and considered the said segment as discontinued operations There is separate reportable segment as per Indian Accounting Standard 108 during the quarter under review. Therefore, operating segment reporting is applicable. 7. The Company does not have any subsidiary, associate or joint venture. Therefore, it has prepared only standalone results. 8. Statement of Standalone Assets and Liabilities as on 31st March, 2024 and statement of standalone cash flow for the year ended 31st March, 2024 are enclosed herewith. 9. There are no investor complaints received/pending as on 31st March, 2024. 10. The aforesaid financial results will be uploaded on the Company�s website www.shashijitinfraprojects.com and will also be available on the website of BSE LIMITED for the benefit of Investors and Shareholders.

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	755.232
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	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	0
	Total non-current financial assets	0
	Deferred tax assets (net)	59.742
	Other non-current assets	101.71
	Total non-current assets	916.684
2	Current assets
	Inventories	1255.393
	Current financial asset
	Current investments	0.847
	Trade receivables, current	823.78
	Cash and cash equivalents	3.911
	Bank balance other than cash and cash equivalents	0.085
	Loans, current	0
	Other current financial assets	88.837
	Total current financial assets	917.46
	Current tax assets (net)
	Other current assets	405.981
	Total current assets	2578.834

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	91.366
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	3586.884
	Equity and liabilities
	Equity
	Equity attributable to owners of parent
	Equity share capital	1034.4
	Other equity	85.704
	Total equity attributable to owners of parent	1120.104
	Non controlling interest
	Total equity	1120.104
	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	231.131
	Trade payables, non-current	0
	Other non-current financial liabilities	41.145
	Total non-current financial liabilities	272.276
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	9.829
	Total non-current liabilities	282.105
	Current liabilities
	Current financial liabilities
	Borrowings, current	896.273
	Trade payables, current	980.865
	Other current financial liabilities	0
	Total current financial liabilities	1877.138
	Other current liabilities	299.39
	Provisions, current	8.147
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	2184.675
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	2466.78
	Total equity and liabilites	3586.884
	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	Construction and Development of Immovable Properties	670.43	2727.999
2	Discontinuing Operations	0	7.172
	Total Segment Revenue	670.43	2735.171
	Less: Inter segment revenue
	Revenue from operations	670.43	2735.171
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Construction and Development of Immovable Properties	-3.289	144.336
2	Discontinuing Operations	-95.484	-114.356
	Total Profit before tax	-98.773	29.98
	i. Finance cost	29.621	112.906
	ii. Other Unallocable Expenditure net off Unallocable income	-0.884	-10.498
	Profit before tax	-127.51	-72.428
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Construction and Development of Immovable Properties	3581.324	3581.324
2	Discontinuing Operations	5.56	5.56
	Total Segment Asset	3586.884	3586.884
	Un-allocable Assets	0	0
	Net Segment Asset	3586.884	3586.884
4	Segment Liabilities
	Segment Liabilities
1	Construction and Development of Immovable Properties	2425.635	2425.635
2	Discontinuing Operations	41.145	41.145
	Total Segment Liabilities	2466.78	2466.78
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	2466.78	2466.78
	Disclosure of notes on segments	Textual Information(1)

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Textual Information(1)

Financial Information of the standalone financial results is as Follows Segment Wise Revenue Results, Assets and Laibilities Particulars Quarter Ended Year Ended 31-03-2024 31-12-2023 31-03-2023 31-03-2024 INR INR INR INR Unaudited Audited Audited Audited Continuing Operation Revenue From Operations 6,70,430 6,33,184 9,89,965 27,27,999 Profit Before Regulatory Deferral balance, Exceptional items and Tax (32,909) 13,053 39,932 31,430 Profit Before Exceptional items and Tax (32,909) 13,053 39,932 31,430 Profit/ Loss before tax from continuing operations (33,340) 8,647 30,155 21,743 Profit/ Loss After tax from continuing operations (8,182) 7,782 12,571 32,757 Discontinuing Operation Profit/ Loss before tax from discontinuing operations (94,170) - - -94,170 Profit/ Loss After tax from discontinuing operations (94,170) - - -94,170 Profit/ loss for the period (1,02,353) 7,782 12,571 -61,413 Other Comprehensive income/(expenses) net of tax (714) 461 443 801 Total Comprehensive income/(expenses) (528) 377 598 1,082 paid up Equity Share Capital (Face Value 2 Rs. Per Share 10,34,400 10,34,400 10,34,400 10,34,400 Total Reserves 1,46,316

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	21.743
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	112.906
	Adjustments for decrease (increase) in inventories	-94.68
	Adjustments for decrease (increase) in trade receivables, current	-25.331
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	114.148
	Adjustments for decrease (increase) in other non-current assets	78.392
	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	-176.444
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	127.498
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	96.358
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	7.198
	Adjustments for provisions, non-current	0.04
	Adjustments for other financial liabilities, current	-17.94
	Adjustments for other financial liabilities, non-current	51.751
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0.039
	Adjustments for interest income	8.084
	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	-0.4
	Other adjustments to reconcile profit (loss)	-94.17
	Other adjustments for non-cash items	0.843
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	172.046
	Net cash flows from (used in) operations	193.789
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	55.68
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	138.109
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	94.17
	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	-78.296
	Purchase of property, plant and equipment	0
	Proceeds from sales of investment property	0
	Purchase of investment property	0.193
	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	-2.829
	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	0.039
	Interest received	8.084
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	6.441
	Net cash flows from (used in) investing activities	33.074
	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	-71.461
	Repayments of borrowings	112.906
	Payments of finance lease liabilities	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-184.367
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-13.184
	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	-13.184
	Cash and cash equivalents cash flow statement at beginning of period	17.179
	Cash and cash equivalents cash flow statement at end of period	3.995