Employee Benefits (Tables)
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12 Months Ended |
Mar. 31, 2025 |
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| Disclosure Of Employee Benefit Plan [Abstract] |
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| Summary of Employee Benefits |
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As at March 31 |
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Particulars |
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2024 |
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2025 |
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Net defined benefit liability |
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9,316 |
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12,033 |
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Other long term employee benefit (liability for compensated absences) |
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2,346 |
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2,672 |
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Total employee benefit liabilities |
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11,662 |
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14,705 |
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As at March 31 |
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Particulars |
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2024 |
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2025 |
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Present value of unfunded obligation |
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9,316 |
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12,033 |
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Total |
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9,316 |
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12,033 |
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| Disclosure of Reconciliation From Opening Balances to Closing Balances For Net Defined Liability and Its Components |
The following table shows a reconciliation from the opening balances to the closing balances for the net defined liability and its components:
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Particulars |
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Defined benefit
obligation |
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Fair value of plan
assets |
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Net defined benefit
liability |
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As at March 31 |
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As at March 31 |
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As at March 31 |
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2024 |
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2025 |
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2024 |
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2025 |
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2024 |
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2025 |
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Opening balance |
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7,245 |
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9,467 |
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(155 |
) |
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(151 |
) |
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7,090 |
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9,316 |
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Acquired through business combination (refer note 7 (d) and 7 (e)) |
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95 |
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271 |
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— |
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— |
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95 |
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271 |
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Included in profit or loss |
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Current service cost |
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1,180 |
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1,687 |
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— |
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— |
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1,180 |
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1,687 |
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Past service cost (credit) |
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(307 |
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— |
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— |
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— |
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(307 |
) |
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— |
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Interest cost (income) |
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492 |
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636 |
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(11 |
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(9 |
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481 |
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627 |
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1,365 |
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2,323 |
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(11 |
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(9 |
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1,354 |
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2,314 |
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Included in other comprehensive income |
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Remeasurement loss (gain) : |
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-Actuarial loss (gain) arising from : |
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-demographic assumptions |
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854 |
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(20 |
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— |
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— |
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854 |
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(20 |
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-financial assumptions |
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17 |
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417 |
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— |
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— |
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17 |
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417 |
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-experience adjustment |
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340 |
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441 |
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— |
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— |
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340 |
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441 |
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-Return on plan assets excluding interest income |
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— |
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— |
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1 |
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1 |
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1 |
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1 |
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1,211 |
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838 |
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1 |
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1 |
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1,212 |
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839 |
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Effects of movement in foreign exchange rates |
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(118 |
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(259 |
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3 |
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3 |
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(115 |
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(256 |
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Other |
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Contribution by employer |
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— |
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— |
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(2 |
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(11 |
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(2 |
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(11 |
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Benefits paid |
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(331 |
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(481 |
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13 |
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41 |
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(318 |
) |
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(440 |
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Closing balance |
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9,467 |
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12,159 |
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(151 |
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(126 |
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9,316 |
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12,033 |
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Represented by:
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As at March 31 |
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Particulars |
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2024 |
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2025 |
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Net defined benefit liability |
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9,316 |
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12,033 |
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Net defined benefit assets |
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— |
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— |
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9,316 |
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12,033 |
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| Summary of Actuarial Assumptions |
Principal actuarial assumptions are given below:
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As at March 31 |
Particulars |
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2024 |
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2025 |
Discount rate (per annum) |
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6.90%-7.00% |
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6.40%-6.50% |
Future salary growth (per annum) |
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7.00%-11.00% |
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7.00%-12.00% |
Withdrawal rate |
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5.00%-25.00% |
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6.00%-25.00% |
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| Summary of Sensitivity Analysis for Actuarial Assumptions |
Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
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For the year ended March 31 |
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Particulars |
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2024 |
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2025 |
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Increase |
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Decrease |
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Increase |
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Decrease |
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Discount rate (1% movement) |
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(560 |
) |
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630 |
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(730 |
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822 |
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Future salary growth (1% movement) |
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594 |
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(542 |
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771 |
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(703 |
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Withdrawal rate (5%-10% movement) |
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(884 |
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1,853 |
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(1,274 |
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2,788 |
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| Disclosure of Plan Assets |
Plan assets comprise the following:
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As at March 31 |
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Particulars |
|
2024 |
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2025 |
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Funds managed by the insurer |
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100 |
% |
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100 |
% |
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| Summary of Expected Benefit Payments |
G. Expected benefit payments for the year ending:
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Amount |
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March 31, 2026 |
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1,464 |
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March 31, 2027 |
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1,508 |
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March 31, 2028 |
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2,300 |
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March 31, 2029 |
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1,964 |
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March 31, 2030 |
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2,432 |
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Thereafter |
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11,792 |
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