As at 31 March As at 31

Particulars
2019 March 2018

I. ASSETS

Non-current Assets

Property, Plant, and

28,039.95 29,331.20
Equipment

Capital Work-in-Progress 2,971.36 2,994.85

Intangible Assets 1.74 2.14

Financial Assets

(i) Investments 31.63 31.63

(ii) Investments
accounted for using the 10.19 10.31
Equity Method

(iii) Loans - -

(iv) Other Financial Assets 77.71 116.13

Deferred Tax Assets (Net) - -

Other Non-Current Assets 4.56 27.66

Total Non-Current Assets 31,137.14 32,532.05

Current Assets

Inventories 10,020.79 1,214.97

Financial Assets

(i) Trade Receivables 3,822.61 665.82

(ii) Cash and Cash

8.8 16.62
Equivalents

(iii) Other Bank Balances

36.38 38.54
(other than (ii) above)

(iv) Loans 24.74 194.38

(v) Other Financial Assets 1.5 1.5

Current Tax Assets (Net) - -

Other Current Assets 307.95 620.27

Total Current Assets 14,860.57 2,997.91

Total Assets 32,997.64 35,529.96

II. EQUITY AND
LIABILITIES
Equity
Equity Share Capital 1,157.90 1,157.90
Other Equity -10,170.40 -9,931.38
Equity attributable to
owners of VISA Steel -9,552.50 -7,933.48
Limited
Non-Controlling Interest - -
Liabilities
Non-Current Liabilities
Financial Liabilities
(i) Borrowings 10,206.82 14,759.94
Provision 40.36 43.09
Total Non-Current
10,343.18 14,803.03
Liabilities
Current Liabilities
Financial Liabilities
(i) Borrowings 7,861.95 8,223.67
(ii) Trade Payables
- total outstanding dues
of micro and small 15.69 26.87
enterprise

- total outstanding dues

of creditors other than
22,229.59 17,179.07
micro and small
enterprise
(iii) Other Financial
244.63 1,800.52
Liabilities
Other Current Liabilities 949.19 901.65
Current Tax Liabilities
1.52 9.95
(Net)
Provisions 95.09 585.09
Total Current Liabilities 31,297.66 28,726.92
Total Liabilities 32,206.84 28,726.92
Total Equity and
32,997.64 35,529.96
Liabilities

Consolidated Statement
of Profit & Loss
For the year
For the year ended
Particulars ended 31
31 March 2019
March 2018
Continuing Operations
I. Revenue from
13,167.95 20,999.77
Operations
II. Other Income 1,059.79 552.76
III. Total Income 14,227.74 21,552.46
IV. Expenses
Cost of Materials
10,296.10 14,846.57
Consumed
Purchases of Stock-in-
- -
Trade
Changes in Inventories of
Finished Goods, Stock-in-
-121.63 713.13
Trade, and Work-in-
Progress
Excise Duty - -
Employee Benefit
293.53 272.07
Expense
Finance Costs 1,815.17 2,162.97
Depreciation and
1,292.83 1,297.49
Amortization Expense
Other Expenses 2,631.74 2,690.09
Total Expenses 16,207.74 21,982.33
V. Profit/(Loss) before
Exceptional Items and -1,980.00 -429.87
Tax

VI. Share of Net Profit of

Joint Venture accounted
363.66 543.57
using Equity Method and
Tax

VII. Profit/(Loss) before

Exceptional Items and -1,616.34 113.7
Tax
**VIII. Exceptional Items -887.95 -
IX. Profit/(Loss) before
-2,504.29 -113.7
Tax
X. Tax Expense
(1) Current Tax - -
(2) Deferred Tax - -
XI. Profit/(Loss) for the
period from Continuing -1,616.34 -896.95
Operations
XII. Other Comprehensive
Income
(A) Items that will not be
reclassified to profit or 0.07 -0.47
loss

(B) Income tax relating to

items that will not be
- -
reclassified to profit or
loss

XIII. Total Comprehensive

-1,616.27 -897.42
Income for the period

XIV. Profit/(Loss) is
attributable to:
(1) Owners of the
-1,617.52 -897.12
Company
(2) Non-Controlling
1.25 -0.3
Interest

XV. Total Comprehensive

Income is attributable to:
(1) Owners of the
-1,617.52 -897.12
Company
(2) Non-Controlling
1.25 -0.3
Interest
XVI. Earnings/(Loss) per
Equity Share (in `)
(1) Basic -13.56 -7.97
(2) Diluted -13.56 -7.97
 As at 31 As at 31
March March
Particulars Note
2020 (₹ 2019 (₹
Million) Million)
I. ASSETS

Non-current
Assets

Property, Plant
3A 10,790.95 10,908.58
and Equipment

Capital Work-in-
3C 2,902.72 2,971.37
Progress

Intangible Assets 3B 1.26 1.64

Financial Assets

(i) Investments 4 42.93 42.93

(ii) Loans 5 63.73 77.05

Deferred Tax
6- -
Assets (Net)
Total Non-
13,801.59 14,001.57
current Assets
Current Assets
Inventories 7 172.54 634.45
Financial Assets
(i) Trade
8- 175.54
Receivables

(ii) Cash and

9 63.52 8.5
Cash Equivalents

(iii) Other Bank

10 19.75 36.58
Balances
(iv) Loans 11 - 24.74
(v) Other
12 3.07 4.42
Financial Assets
Current Tax
13 82.11 114.49
Assets (Net)
Other Current
14 3,931.15 3,814.31
Assets
Total Current
4,272.14 4,813.03
Assets
TOTAL ASSETS 18,073.73 18,814.60
II. EQUITY AND
LIABILITIES
Equity
Equity Share
15A 1,157.90 1,157.90
Capital
Other Equity 15B -805.47 48.64
Total Equity 352.43 1,206.54
Liabilities
Non-current
Liabilities
Financial
Liabilities
Borrowings 16 10,296.11 9,624.27
Lease Liabilities 17 209.36 208.88
Provisions 18 89.92 83.07
Total Non-
current 10,595.39 9,916.22
Liabilities
Current
Liabilities
Financial
Liabilities
Borrowings 19 3,370.99 4,946.42
Trade Payables 20 2,713.35 2,019.70
Lease Liabilities 17 26.8 16.35
Other Financial
21 19.74 17.25
Liabilities
Other Current
22 994.96 622.12
Liabilities
Provisions 23 - 70
Total Current
7,125.84 7,691.84
Liabilities
TOTAL EQUITY
18,073.73 18,814.60
AND LIABILITIES

Consolidated Statement of Profit & Loss

Year Year
ended 31 ended 31
Particular March March
Sl. No.
s 2020 2019
(Million) (Million)

Revenue
from
I 6,833.44 14,142.68
Operation
s
 Other
II 116.14 159.76
Income
Total
III 6,949.58 14,302.44
Income

IV EXPENSES

Cost of
Materials
4,907.62 10,326.69
Consume
d

Purchases
of Stock- - -
In-Trade

Changes
in
Inventori
es of
Finished
Goods, 97.04 219.13
Stock-In-
Trade,
and
Work-In-
Progress

Employee
Benefit 505.13 674.52
Expenses
Finance
195.42 186.64
Costs

Depreciati
on and
Amortisat 1,340.55 1,333.96
ion
Expenses

Other
1,822.89 3,177.72
Expenses
Total
8,868.65 15,918.66
Expenses
 Profit/
(Loss)
before
Exception
al Items,
Share of
Net Profit
V of -1,919.07 -1,616.22
Investme
nt
Accounte
d Using
Equity
Method,
and Tax

Exception
VI - -
al Items
Profit/
(Loss)
VII -1,919.02 -1,616.34
before
Tax
Tax
VIII
Expenses
Current
- -
Tax
Deferred
- -
Tax
Profit/
(Loss) for
IX -1,919.02 -1,616.34
the
Period

Other
Compreh
X
ensive
Income

Items that
will not
be
-6.45 -1.18
reclassifie
d to profit
or loss
 Total
Compreh
ensive
XI -1,925.47 -1,617.52
Income
for the
Period

Earnings/
(Loss) per
Equity
XII -16.57 -13.96
Share
(Basic &
Diluted)
 As at 31 March As at 31
S. No. Particulars Note
2021 March 2020

I. ASSETS

1 Non-Current Assets

Property, Plant and

(a) Equipment including ROU 3A 10,262.56 10,390.57
Assets

(b) Capital Work-in-Progress 3C 30.7 297.9

(c) Intangible Assets 3B 2.27 2.26

(d) Financial Assets

(i) Loans and Advances 4A 439.93 473.12

(ii) Other Financial Assets 5A 0.27 0.21

(e) Deferred Tax Assets 6- -

(f) Non-Current Tax Assets 7 0.33 0.33

Total
Non-
10,704.06 13,801.59
Current
Assets

2 Current Assets

(a) Inventories 8 193.59 172.56

(b) Financial Assets

(i) Trade Receivables 9 3,190.67 2,529.82

(ii) Cash and Cash Equivalents 10 63.92 60.09

(iii) Other Bank Balances 11 70.53 78.95

(iv) Loans and Advances 4B 111.3 145.91

(v) Other Financial Assets 5B 0.21 0.41

(c) Other Current Assets 12 1,181.65 529.73

Total
Current 4,811.87 3,517.47
Assets
Total
15,526.27 18,077.73
Assets

II. EQUITY
AND
LIABILITIE
S

1 Equity

(a) Equity Share Capital 14A 1,157.90 1,157.90

(b) Other Equity 14B 1,403.49 2,366.32

Total
2,561.39 3,524.23
Equity
2 Liabilities

(i) Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings 15 10,771.91 12,940.74

(ii) Lease Liabilities 16 20.22 30.3

(b) Provisions 17 23.42 24.26

(c) Deferred Tax Liabilities 18 - -

Total
Non-
10,815.55 12,995.30
Current
Liabilities

(ii) Current Liabilities

(a) Financial Liabilities

(i) Borrowings 19 507.51 289.07

(ii) Trade Payables

Total Outstanding Dues of

- 19 3.12 7.52
Micro and Small Enterprises

Total Outstanding Dues of

- Creditors other than Micro 19 2,761.94 2,636.19
and Small Enterprises

(iii) Other Financial Liabilities 20 614.19 514.16

(b) Provisions 17 76.78 70.39

(c) Other Current Liabilities 21 240.13 92.4

Total
Current 4,203.67 3,609.73
Liabilities
Total
15,019.22 16,605.03
Liabilities
Total
Equity
15,526.27 18,077.73
and
Liabilities

Consolidated Statement of Profit & Loss

2. STATEMENT OF PROFIT AND LOSS (For the year ended 31 March 2021)

Year ended
Year ended 31
S. No. Particulars Note 31 March
March 2021
2020
I Revenue from Operations 24 5,668.73 3,872.29
II Other Income 25 347.43 1,146.23
III Total Income 6,016.16 5,018.52
IV EXPENSES
(a) Cost of Materials Consumed 26 3,159.56 2,133.55
(b) Purchases of Stock-in-Trade 27 26.91 85.32
(c) Changes in Inventories 28 0.33 285.17
(d) Employee Benefits Expense 29 152.1 199.5
(e) Finance Costs 30 769.66 906.15
(f) Depreciation and Amortization 31 484.65 615.33
(g) Other Expenses 32 2,241.95 1,859.45
Total
6,835.16 5,083.47
Expenses
Profit/(Loss) before
V -819 -64.95
Exceptional Items and Tax
VI Exceptional Items 33 2,151.17 -
VII Profit/(Loss) before Tax 1,332.17 -64.95
VIII Tax Expense
(a) Current Tax 34 - -
(b) Deferred Tax 34 - -
IX Profit/(Loss) for the period 1,332.17 -64.95
X Earnings per Equity Share
(a) Basic 35 12.34 -2.85
(b) Diluted 35 12.34 -2.85
 As at 31 March As at 31
Sl. No. Particulars
2022 March 2021
I. ASSETS
Non-Current
Assets
Property, Plant
and Equipment
1 16,253.15 17,036.68
including ROU
Assets
Capital Work-In-
2 387.5 387.5
Progress

3 Intangible Assets 0.49 1.18

Financial Assets -
4 31.63 31.63
Investments
Investments
accounted for
5 10.33 10.3
using the Equity
Method
Other Financial
6 15.06 16.35
Assets
Deferred Tax
7 - -
Assets (Net)
Total Non-
16,698.16 17,483.64
Current Assets
Current
Assets
8 Inventories 305.55 348.16
Cash and Cash
9 105.61 81.33
Equivalents
Other Bank
10 Balances (Other 30.58 20.7
than above)
Other Financial
11 0.61 0.82
Assets
Current Tax
12 122.65 105
Assets (Net)
Other Current
13 410.56 486.38
Assets
Total Current
975.56 1,042.39
Assets
Total Assets 17,673.72 18,526.03
II. EQUITY
AND
LIABILITIES
Equity
 Equity Share
14 1,157.90 1,157.90
Capital
15 Other Equity -25,489.54 -24,621.18
Total Equity -24,331.64 -23,463.28
Non-Current
Liabilities
16 Lease Liabilities 119.98 143.3
17 Provisions 61.12 73.73
Total Non-
Current 181.1 217.03
Liabilities
Current
Liabilities
18 Borrowings 34,664.66 34,700.55
19 Lease Liabilities 23.33 21.03
Trade Payables
(Other than
20 650.04 886.59
Micro
Enterprises)
Other Financial
21 4,642.49 4,753.29
Liabilities
Other Current
22 1,834.48 1,400.74
Liabilities
23 Provisions 9.26 10.08
Total Current
41,824.26 41,772.28
Liabilities
Total Equity and
17,673.72 18,526.03
Liabilities

Consolidated Statement of Profit & Loss

Year Ended 31 Year Ended 31

Particulars March 2022 (₹ March 2021 (₹
Million) Million)
I. Revenue
from 11,184.56 9,881.93
Operations
II. Other
12.47 7.72
Income
III. Total
11,197.03 9,889.65
Income
IV. Expenses
Cost of
Materials 7,414.56 6,456.02
Consumed
Changes in
Inventories
64.85 13.8
of Finished
Goods & WIP

Employee
Benefit 416.5 408.85
Expenses
Finance
208.36 169.88
Costs
Depreciation
and
854.78 1,264.62
Amortization
Expenses
Other
3,110.24 2,968.06
Expenses
Total
12,069.29 11,299.23
Expenses

V.
Profit/(Loss)
before
-872.23 -1,409.58
Exceptional
Items and
Tax

VI.
Exceptional - 10,652.22
Items
VII.
Profit/(Loss) -872.23 -11,972.74
before Tax
VIII. Tax
- -
Expenses
IX.
Profit/(Loss) -872.23 -11,972.74
for the Year
X. Other
Comprehensi 3.87 -12.57
ve Income

XI. Total
Comprehensi
-868.36 -11,985.31
ve Income
for the Year

XII.
Earnings/(Lo
ss) per
Equity Share
(₹)
Basic -7.53 -103.4
Diluted -7.53 -103.4
 As at March 31,
As at March 31,
Particulars Note 2022 (₹
2023 (₹ Million)
Million)
I. ASSETS

Non-Current
Assets

Property, Plant &

Equipment 3A 9,594.47 16,253.15
(including ROU)

Capital Work-in-
3C 387.5 387.5
Progress

Intangible Assets 3B 0.49 0.49

Financial Assets
- Investments 4 32.33 31.63
- Investments
accounted using 39(c) 10.36 10.33
Equity Method
- Other Financial
5 71.46 15.06
Assets
Deferred Tax
6- -
Assets (Net)
Total Non-Current
10,096.61 16,698.16
Assets
Current Assets
Inventories 7 77.82 305.55
Financial Assets
- Cash and Cash
8 0.38 0.5
Equivalents
- Other Bank
Balances [Other 9 208.35 135.69
than (i) above]
- Other Financial
10 5.88 0.61
Assets
Current Tax Assets
11 64.32 122.65
(Net)
Other Current
12 222.65 410.56
Assets
Total Current
579.4 975.56
Assets
TOTAL ASSETS 10,676.01 17,673.72
II. EQUITY AND
LIABILITIES
Equity
Equity Share
13A 1,157.90 1,157.90
Capital
Other Equity 13B -8,878.89 -25,489.54
Total Equity -7,720.99 -24,331.64
Liabilities
Non-Current
Liabilities

Financial Liabilities
- Lease Liabilities 14 439.31 119.98
Provisions 15 26.91 61.12
Total Non-Current
466.22 181.1
Liabilities
Current Liabilities
Financial Liabilities
- Borrowings 16 13,473.14 34,664.66
- Lease Liabilities 17 31.65 23.33
- Trade Payables
- - Total Dues of
Micro & Small 18(A) - -
Enterprises
- - Total Dues of
Creditors (Other 18(B) 423.4 650.04
than MSE)
- Other Financial
19 2,090.06 4,642.49
Liabilities
Other Current
20 1,906.04 1,834.48
Liabilities
Provisions 21 6.49 9.26
Total Current
17,930.78 41,824.26
Liabilities
TOTAL EQUITY
10,676.01 17,673.72
AND LIABILITIES

Consolidated Statement of Profit & Loss

Consolida
Consolidated
Particulars ted
(2021-22)
(2022-23)
₹
Revenue from ₹ 11,184.56
6,574.84
Operations million
million
 ₹ 17.15
Other Income ₹ 12.47 million
million
₹
₹ 11,197.03
Total Income 6,591.99
million
million

Profit before
Interest,
₹ 104.12
Depreciation, Tax ₹ 190.91 million
million
& Exceptional
Items

₹ 253.71
Finance Cost ₹ 208.36 million
million
₹ 726.04
Depreciation ₹ 854.78 million
million

Profit/(Loss)
before Exceptional (₹ 875.63
(₹ 872.23 million)
& Extraordinary million)
Items and Taxation

Exceptional & ₹
Extraordinary 17,478.43 -
Items million
₹
Profit / (Loss)
16,602.80 (₹ 872.23 million)
before Tax
million
Tax Expenses - -
₹
Profit / (Loss) after
16,602.80 (₹ 872.23 million)
Tax
million
Other
₹ 7.85
Comprehensive ₹ 3.87 million
million
Income

Total
₹
Comprehensive
16,610.65 (₹ 868.36 million)
Income for the
million
period