Summary of Key Information:
Reporting Period: Quarter and Nine Months ended December 31, 2024
Nature of Filing / Announcement: Submission of unaudited financial results under SEBI LODR Regulations 30 and 33
Audit Opinion:
Disclaimer of Opinion - Auditors were unable to obtain sufficient appropriate audit evidence to provide a basis for conclusion on the financial results.
Key Financial Highlights [₹ in Crore]:
Standalone Results:
Quarter Ended December 31, 2024:
- Revenue from Operations: ₹1,576.97
- Total Expenses: ₹26,526.73
- Loss before tax: ₹(24,898.56)
- Tax Expense: ₹0
- Loss for the period: ₹(24,898.56)
- Other Comprehensive Income: ₹(26.99)
- Total Comprehensive Income: ₹(24,925.55)
- Paid up Equity Share Capital: ₹3,344.59
- Earnings Per Share (Basic): ₹(74.44)
- Earnings Per Share (Diluted): ₹(67.04)
Quarter Ended December 31, 2023:
- Revenue from Operations: ₹1,576.46
- Loss before tax: ₹(21,407.96)
- Loss for the period: ₹(21,407.96)
Nine Months Ended December 31, 2024:
- Revenue from Operations: ₹4,855.51
- Loss before tax: ₹(71,401.31)
- Loss for the period: ₹(71,401.31)
- Total Comprehensive Income: ₹(71,455.32)
- Earnings Per Share (Basic): ₹(213.48)
- Earnings Per Share (Diluted): ₹(192.26)
Year Ended March 31, 2024 (Audited):
- Loss before tax: ₹(83,562.31)
Segment-wise Performance [₹ in Crore]:
Segment Revenue Quarter Ended December 31, 2024:
- Consumer Electronics and Home Appliances: ₹95.98
- Crude Oil and Natural Gas: ₹1,480.99
- Total: ₹1,576.97
Segment Revenue Nine Months Ended December 31, 2024:
- Consumer Electronics and Home Appliances: ₹278.92
- Crude Oil and Natural Gas: ₹4,576.59
- Total: ₹4,855.51
Segment Results (Loss before finance cost and tax):
Quarter Ended December 31, 2024: ₹(874.94)
Nine Months Ended December 31, 2024: ₹(2,531.17)
Corporate Actions:
Not Specified
Other Significant Information:
- Financial results prepared on best effort basis due to non-availability of pre-CIRP records
- Resolution Professional disclaims liability for accuracy of pre-CIRP period information
- Material uncertainty about company's ability to continue as going concern
- Negative net worth as on reporting date
- Company continues to incur losses with considerable decline in operations
- Company is co-obligor and has received demand notices for borrowings of other co-obligors
- Certain expenses accounted during the year at later date instead of making provisions at quarter end
- Segment-wise assets and liabilities not disclosed
- Figures for Ravva Oil and Gas Field joint venture incorporated based on information from Operator/Joint Venture without independent audit