General information about company

Scrip code*526775
NSE Symbol*NOTLISTED
MSEI Symbol*NOTLISTED
ISIN*INE760B01019
Name of companyValiant Communications Limited
Type of companyMain Board
Class of securityEquity
Date of start of financial year01-04-2024
Date of end of financial year31-03-2025
Date of board meeting when results were approved30-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange21-05-2025
Description of presentation currencyINR
Level of roundingLakhs
Reporting TypeQuarterly
Reporting QuarterFourth quarter
Nature of report standalone or consolidatedStandalone
Whether results are audited or unaudited for the quarter endedUnaudited
Whether results are audited or unaudited for the Year to date for current period ended/year endedAudited
Segment ReportingGeographical
Description of single segment
Start date and time of board meeting30-05-2025 11:00
End date and time of board meeting30-05-2025 12:50
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated01-04-2022
Indicate Company website link for updated RPT policy of the Companyhttps://www.valiantcom.com/corporate/cp/codes-policies.html
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?Yes
No. of times funds raised during the quarter1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?NoNo such event is occurred



Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-202501-04-2024
Date of end of reporting period31-03-202531-03-2025
Whether results are audited or unauditedUnauditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Part IBlue 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.
1Income
Revenue from operations1601.865039.75
Other income21.39119.63
Total income1623.255159.38
2Expenses
(a)Cost of materials consumed605.552043.59
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-77.4-103.29
(d)Employee benefit expense 234.05838.79
(e)Finance costs6.8520.79
(f)Depreciation, depletion and amortisation expense69.3262.14
(g)Other Expenses
1Other expenses270.85813.93
Total other expenses270.85813.93
Total expenses1109.23875.95
3Total profit before exceptional items and tax514.051283.43
4Exceptional items 00
5Total profit before tax514.051283.43
6Tax expense
7Current tax133.16334.86
8Deferred tax-1.95-2.7
9Total tax expenses131.21332.16
10Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
11Net Profit Loss for the period from continuing operations382.84951.27
12Profit (loss) from discontinued operations before tax00
13Tax expense of discontinued operations00
14Net profit (loss) from discontinued operation after tax00
15Share of profit (loss) of associates and joint ventures accounted for using equity method00
16Total profit (loss) for period382.84951.27
17Other comprehensive income net of taxes-6.86-7.41
18Total Comprehensive Income for the period375.98943.86
19Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20Total 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
21Details of equity share capital
Paid-up equity share capital762.81762.81
Face value of equity share capital1010
22Reserves excluding revaluation reserve5081.69
23Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations5.0212.47
Diluted earnings (loss) per share from continuing operations5.0212.47
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiiEarnings per equity share (for continuing and discontinued operations)
Basic earnings (loss) per share from continuing and discontinued operations5.0212.47
Diluted earnings (loss) per share from continuing and discontinued operations5.0212.47
24Debt equity ratioTextual Information( 1)
25Debt service coverage ratioTextual Information( 2)
26Interest service coverage ratioTextual Information( 3)
27Disclosure of notes on financial resultsTextual Information(4)

Text Block

Textual Information(4)Note: Face value referred above i.e Rs. 10/- is for per equity share.

1. The above results for the financial year ended March 31, 2025 ('the Statement') were reviewed by the Audit Committee and approved by the Board of Directors of Valiant Communications Ltd. ('the Company') at its meeting held on May 30, 2025. The statutory auditors have expressed an unqualified audit opinion.

2. Financial results for all the periods presented, have been prepared in accordance with the recognition and measurement principles of Ind AS, notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

3. The Board of Directors at its meeting held on 30-05-2025 has recommended a dividend of Rs. 1.50 per equity share on the face value of Rs. 10/- each for the financial year 2024-25, subject to shareholders approval at the annual general meeting.

4. Figures for the previous period have been regrouped / re-classified to conform to the figures of the current period, if required.

5. Figures of quarter ended March 31st 2025 and March 31st 2024, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year.

6. The results for the quarter and year ended March 31st 2025 are available on webportal of the BSE Limited, www.bseindia.com and on the Company's website, www.valiantcom.com

For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, 30 May 2025




Statement of Asset and Liabilities

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2024
Date of end of reporting period31-03-2025
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment651.11
Capital work-in-progress49.05
Investment property
Goodwill0
Other intangible assets350.78
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments206.21
Trade receivables, non-current
Loans, non-current0
Other non-current financial assets18.6
Total non-current financial assets224.81
Deferred tax assets (net)18.31
Other non-current assets43.31
Total non-current assets1337.37
2Current assets
Inventories1809.45
Current financial asset
Current investments0
Trade receivables, current1955.4
Cash and cash equivalents137.81
Bank balance other than cash and cash equivalents1438.22
Loans, current0
Other current financial assets21.99
Total current financial assets3553.42
Current tax assets (net)
Other current assets155.17
Total current assets5518.04
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets6855.41
Total current assets5518.04
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets6855.41
Equity and liabilities
1Equity
Equity attributable to owners of parent
Equity share capital762.81
Other equity5081.69
Total equity attributable to owners of parent5844.5
Non controlling interest
Total equity5844.5
2Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current107.93
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 liabilities45.64
Total non-current financial liabilities153.57
Provisions, non-current0
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities153.57
Current liabilities
Current financial liabilities
Borrowings, current52.18
Trade Payables, current
(A) Total outstanding dues of micro enterprises and small enterprises3.93
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises402.18
Total Trade payable406.11
Other current financial liabilities202.62
Total current financial liabilities660.91
Other current liabilities140.23
Provisions, current16.89
Current tax liabilities (Net)39.31
Deferred government grants, Current0
Total current liabilities857.34
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities1010.91
Total equity and liabilities6855.41
Disclosure of notes on assets and liabilitiesTextual Information(1)

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-202501-04-2024
Date of end of reporting period31-03-202531-03-2025
Whether results are audited or unauditedUnauditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1India1385.564048.39
2USA33.65147.59
3Europe59.57413.87
4Rest of the world123.08429.9
Total Segment Revenue1601.865039.75
Less: Inter segment revenue00
Revenue from operations 1601.865039.75
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1India933.572506.48
2USA27.291.38
3Europe49.76256.24
4Rest of the world83.99266.16
Total Profit before tax1094.523120.26
i. Finance cost6.8520.79
ii. Other Unallocable Expenditure net off Unallocable income573.621816.04
Profit before tax514.051283.43
3(Segment Asset - Segment Liabilities)
Segment Asset
1India6855.416855.41
2USA00
3Europe00
4Rest of the world00
Total Segment Asset6855.416855.41
Un-allocable Assets00
Net Segment Asset6855.416855.41
4Segment Liabilities
Segment Liabilities
1India1010.911010.91
2USA00
3Europe00
4Rest of the world00
Total Segment Liabilities1010.911010.91
Un-allocable Liabilities00
Net Segment Liabilities1010.911010.91
Disclosure of notes on segmentsTextual Information(1)

Text Block

Textual Information(1)Notes:
1. The Company manufactures "Communication Equipment" primarily for power utilities / other utilities and engaged in its allied services, which is the only business segment of the Company.
2. The Company is an ISO 9001:2015 and 14001:2015 certified telecom transmission equipment manufacturer, duly registered as an Export Oriented Unit under EHTP (Electronic Hardware Technology Park) Scheme.
3. The Company manufactures " Telecom Transmission Solutions" with installations in over 110 countries.
4. The comparative figures for the previous year have been rearranged wherever required to conform to the revised presentation of accounts.
5. The Company is an Export Oriented Unit with its manufacturing unit being located at New Delhi only. The Fixed assets used in Company's business can not be specifically identified with any Geographical Segment. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a segregation of this data is not possible.


For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, 30 May 2025





Other Comprehensive Income

Date of start of reporting period01-01-202501-04-2024
Date of end of reporting period31-03-202531-03-2025
Whether results are audited or unauditedUnauditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
1Remeasurement of the employee defined benefit plans-9.16-9.90
Total Amount of items that will not be reclassified to profit and loss-9.16-9.90
2Income tax relating to items that will not be reclassified to profit or loss -2.30-2.49
3Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4Income tax relating to items that will be reclassified to profit or loss
5Total Other comprehensive income-6.86-7.41


Cash flow statement, indirect

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2024
Date of end of reporting period31-03-2025
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Part IBlue color marked fields are non-mandatory.
1Statement of cash flows
Cash flows from used in operating activities
Profit before tax1283.43
2Adjustments for reconcile profit (loss)
Adjustments for finance costs20.79
Adjustments for decrease (increase) in inventories-359.46
Adjustments for decrease (increase) in trade receivables, current-868.99
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets-63.98
Adjustments for decrease (increase) in other non-current assets0
Adjustments for other financial assets, non-current0
Adjustments for other financial assets, current-18.7
Adjustments for other bank balances0
Adjustments for increase (decrease) in trade payables, current298.78
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities-24.81
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense262.14
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for provisions, current0
Adjustments for provisions, non-current0
Adjustments for other financial liabilities, current82.06
Adjustments for other financial liabilities, non-current0
Adjustments for unrealised foreign exchange losses gains-19.65
Adjustments for dividend income0
Adjustments for interest income98.63
Adjustments for share-based payments0
Adjustments for fair value losses (gains)0
Adjustments for undistributed profits of associates0
Other adjustments for which cash effects are investing or financing cash flow-1.34
Other adjustments to reconcile profit (loss)0
Other adjustments for non-cash items-9.9
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)-801.69
Net cash flows from (used in) operations481.74
Dividends received0
Interest paid0
Interest received0
Income taxes paid (refund)332.36
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities149.38
3Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities0
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property, plant and equipment2.6
Purchase of property, plant and equipment128.18
Proceeds from sales of investment property0
Purchase of investment property0
Proceeds from sales of intangible assets0
Purchase of intangible assets172.29
Proceeds from sales of intangible assets under development0
Purchase of intangible assets under development0
Proceeds from sales of goodwill0
Purchase of goodwill0
Proceeds from biological assets other than bearer plants0
Purchase of biological assets other than bearer plants0
Proceeds from government grants0
Proceeds from sales of other long-term assets0
Purchase of other long-term assets0
Cash advances and loans made to other parties-14.56
Cash receipts from repayment of advances and loans made to other parties0
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received0
Interest received98.63
Income taxes paid (refund)0
Other inflows (outflows) of cash-1281.59
Net cash flows from (used in) investing activities-1466.27
4Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries0
Payments from changes in ownership interests in subsidiaries0
Proceeds from issuing shares0
Proceeds from issuing other equity instruments0
Payments to acquire or redeem entity's shares0
Payments of other equity instruments0
Proceeds from exercise of stock options0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings30
Repayments of borrowings46.45
Payments of lease liabilities13.92
Dividends paid0
Interest paid15.38
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities-45.75
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes-1362.64
5Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents19.65
Net increase (decrease) in cash and cash equivalents-1342.99
Cash and cash equivalents cash flow statement at beginning of period1480.8
Cash and cash equivalents cash flow statement at end of period137.81



Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr. No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of the related party transaction ratified by the audit committeeDate of Audit Committee Meeting where the ratification was approvedValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investments
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment)Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)Notes
1Valiant Communications LimitedAAACV4250GMr. Inder Mohan SoodAAWPS7834GKey management personnel of entity or parentRemuneration32.99Approved32.993.153.55 The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. It is exclusive of compensated expenses, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available.
2Valiant Communications LimitedAAACV4250GMr. Davinder Mohan Sood AAWPS7833BKey management personnel of entity or parentRemuneration30.45Approved30.452.933.18 The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. It is exclusive of compensated expenses, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available.
3Valiant Communications LimitedAAACV4250GMr. Gaurav Mohan Sood BPXPS3509HKey management personnel of entity or parentRemuneration19Approved192.052.3 The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. It is exclusive of compensated expenses, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available.
4Valiant Communications LimitedAAACV4250GMs. Sanjna AggarwalBCJPA9125QIndependent DirectorRemuneration0.5Approved0.500The remuneration consists sitting fees only.
5Valiant Communications LimitedAAACV4250GMr. Anil TandonAACPT4744LIndependent DirectorRemuneration0.5Approved0.500The remuneration consists sitting fees only.
6Valiant Communications LimitedAAACV4250GMr. Subhash Kumar mehtaABOPM1952AIndependent DirectorRemuneration0.5Approved0.500The remuneration consists sitting fees only.
7Valiant Communications LimitedAAACV4250GValiant Communications (UK) LimitedZZZZZ9999ZWholly Owned SubsidiarySale of goods or services46.3Approved46.310.013.4The negative balance here represents as amount payable . Whereas, the positive balance represents the amount receivable. All intragroup balances and transactions reported here shall be eliminated in consolidated financial statements in accordance with the Companies (Indian Accounting Standards) Rules, 2015 notified by the Ministry of Corporate Affairs.
8Valiant Communications LimitedAAACV4250GValcomm Technologies Inc.ZZZZZ9999ZWholly Owned SubsidiarySale of goods or services11.99Approved11.9900The negative balance here represents as amount payable . Whereas, the positive balance represents the amount receivable. All intragroup balances and transactions reported here shall be eliminated in consolidated financial statements in accordance with the Companies (Indian Accounting Standards) Rules, 2015 notified by the Ministry of Corporate Affairs.
Total value of transaction during the reporting period142.23



Details of Impact of Audit Qualification

Whether results are audited or unauditedAudited
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration 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 Standalone resultsYes
Audit firm's nameWhether the firm holds a valid peer review certificate issued by Peer Review Board of ICAICertificate valid upto
1PAWAN NANAK BANSAL & CO.Yes31-12-2027



Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Mode of Fund RaisingPreferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds11-03-2024
Amount Raised1290.67
Report filed for Quarter ended31-03-2025
Monitoring AgencyNot applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raisedNo
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any


Sr.Original ObjectModified Object, if anyOriginal AllocationModified allocation, if anyFunds UtilisedAmount of Deviation/Variation for the quarter according to applicable objectRemarks if any
1Working capital requirements, business expenses to support the business plans of the Company NA9680841.570
2General corporate purpose (at maximum 25% of total amount raised)NA322.670322.670


Signatory Details

Name of signatoryInder Mohan Sood
Designation of personManaging Director
PlaceNew Delhi
Date30-05-2025