| Summary of reportable operating segments |
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For the year ended March 31, 2023 |
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For the year ended March 31, 2024 |
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For the year ended March 31, 2025 |
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Particulars |
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Wind
power |
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Solar
power |
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Hydro
power |
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Transmission
line |
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Total |
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Wind power |
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Solar power |
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Hydro
power |
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Transmission line |
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Manufacturing (3) |
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Adjustments and eliminations |
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Total |
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Wind power |
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Solar power |
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Hydro
power |
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Transmission line |
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Manufacturing (3) |
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Adjustments and eliminations |
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Total |
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Total |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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(USD) |
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Revenue (external customer) (1) |
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36,009 |
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32,105 |
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2,463 |
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7,557 |
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78,134 |
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40,847 |
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33,671 |
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2,256 |
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4,347 |
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- |
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- |
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81,121 |
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43,758 |
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35,590 |
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2,237 |
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1,910 |
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13,194 |
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- |
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96,689 |
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1,132 |
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Inter-segment revenue |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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15,285 |
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(15,285 |
) |
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- |
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- |
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- |
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- |
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- |
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24,142 |
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(24,142 |
) |
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- |
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- |
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Revenue |
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36,009 |
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32,105 |
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2,463 |
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7,557 |
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78,134 |
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40,847 |
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33,671 |
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2,256 |
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4,347 |
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15,285 |
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(15,285 |
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81,121 |
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43,758 |
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35,590 |
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2,237 |
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1,910 |
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37,336 |
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(24,142 |
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96,689 |
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1,132 |
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Other income |
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6,710 |
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2,214 |
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12 |
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157 |
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9,093 |
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5,835 |
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3,285 |
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44 |
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552 |
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- |
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- |
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9,716 |
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4,402 |
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1,973 |
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84 |
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217 |
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59 |
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- |
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6,735 |
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79 |
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Total income (a) |
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42,719 |
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34,319 |
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2,475 |
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7,714 |
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87,227 |
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46,682 |
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36,956 |
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2,300 |
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4,899 |
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15,285 |
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(15,285 |
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90,837 |
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48,160 |
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37,563 |
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2,321 |
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2,127 |
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37,395 |
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(24,142 |
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103,424 |
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1,211 |
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Less: Raw materials and consumables used and changes in inventories of finished goods (6) |
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- |
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- |
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- |
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6,891 |
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6,891 |
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- |
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- |
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- |
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3,646 |
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14,289 |
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(14,289 |
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3,646 |
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- |
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- |
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- |
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602 |
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30,015 |
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(22,024 |
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8,593 |
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101 |
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Less: Employee benefit and other expenses (2) (6) |
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7,961 |
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4,830 |
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243 |
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373 |
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13,407 |
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7,859 |
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5,384 |
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367 |
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89 |
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997 |
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(997 |
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13,699 |
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7,019 |
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4,784 |
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268 |
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48 |
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3,177 |
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(2,118 |
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13,178 |
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154 |
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Total expenses (b) |
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7,961 |
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4,830 |
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243 |
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7,264 |
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20,298 |
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7,859 |
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5,384 |
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367 |
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3,735 |
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15,285 |
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(15,285 |
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17,345 |
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7,019 |
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4,784 |
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268 |
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650 |
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33,192 |
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(24,142 |
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21,771 |
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255 |
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Segment EBITDA (a) - (b) |
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34,758 |
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29,489 |
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2,232 |
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450 |
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66,929 |
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38,823 |
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31,572 |
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1,933 |
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1,164 |
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- |
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- |
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73,492 |
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41,141 |
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32,779 |
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2,053 |
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1,477 |
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4,203 |
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- |
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81,653 |
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956 |
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Add: Revenue from non-reportable segments(1) |
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89 |
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198 |
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374 |
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4 |
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Less: Employee benefit and other expenses for non-reportable segments |
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(551 |
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(864 |
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(217 |
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(3 |
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Add: Other un-allocable income (4) |
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637 |
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4,945 |
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4,677 |
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55 |
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Less: Un-allocable employee benefit and other expenses(4) |
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(5,433 |
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(4,955 |
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(4,004 |
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(47 |
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Less: Depreciation and amortisation expense |
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(15,901 |
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(17,583 |
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(20,670 |
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(242 |
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Add / (less): Change in fair value of warrants |
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1,356 |
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551 |
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595 |
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7 |
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Less: Finance costs and fair value change in derivative instruments(2) |
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(49,689 |
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(47,487 |
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(52,352 |
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(613 |
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Profit / (loss) before tax |
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(2,563 |
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8,297 |
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10,056 |
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118 |
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Less: Share in (loss) / profit of jointly controlled entities |
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93 |
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(155 |
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(22 |
) |
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(0 |
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Less: Income tax expense |
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(2,559 |
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(3,995 |
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(5,443 |
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(64 |
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Profit / (loss) for the year |
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(5,029 |
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4,147 |
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4,591 |
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54 |
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The revenue from one major customer for the year ended March 31, 2025 amounts to INR 18,108 (March 31, 2024: one customer amounting INR 23,343; March 31, 2023: five customers amounting INR 11,747) which contributes more than 10% of the total revenue of the Group. Out of these, revenues from wind segment amounts to INR 9,231 (March 31, 2024: INR 15,983; March 31, 2023: INR 5,138) and solar segment amounts to INR 8,877 (March 31, 2024: 7,360; March 31, 2023: INR 6,609). Notes: (1)Revenue as per the consolidated statement of profit or loss is the sum of revenue from exteral customers of reportable and non-reportable segments. The total revenue of all reportable segments for the year ended March 31, 2025 is INR 120,831 (March 31, 2024: INR 96,406 and March 31, 2023: INR 78,134) (2)Loss of INR Nil (March 31, 2024: INR 19; March 31, 2023: INR 1,277) arising due to customers availing LPS scheme and there by extended credit period has been recognised as a segment cost as is it relates to specific assets of the segment (refer Note 34(i)). (3)The segment information for the year ended March 31, 2024 was revised to disclose "Manufacturing" segment separately in line with the Group's current internal reporting structure. There were no operations related to modules and cells manufacturing during the year ended March 31, 2023. (4)Unallocable income and expenses are not allocated to individual segments as those are managed at an overall Group level. (5)Inter-segment revenues are recorded at cost excluding depreciation. (6)Adjustment and eliminations represent cost of manufacturing solar panels and modules which have been capitalised in the 'solar power' segment.
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