| Summary Of Foreign Currency and Interest Rate Risk |
Forward contracts, swaps, call option and call spreads measured at FVTOCI are designated as hedging instruments in cash flow hedges of interest and principal payments in USD, CNH and EURO.
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March 31, 2024 |
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March 31, 2025 |
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Assets |
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Liabilities |
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Assets |
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Liabilities |
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(INR) |
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(INR) |
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(INR) |
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(INR) |
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Derivative contracts designated as hedging instruments - Non-current |
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2,593 |
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225 |
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3,309 |
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217 |
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Derivative contracts designated as hedging instruments - Current |
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973 |
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1,093 |
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4,089 |
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830 |
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| Summary Of Hedge Reserve Movement |
Hedge reserve movement
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For the year ended March 31, |
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a) Cash flow hedge reserve |
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2023 |
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2024 |
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2025 |
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2025 |
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(INR) |
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(INR) |
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(INR) |
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(USD) |
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Opening balance (after non-controlling interest) |
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668 |
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1,679 |
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32 |
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0 |
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Gain / (loss) recognised on cash flow hedges |
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9,606 |
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(2,715 |
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3,015 |
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35 |
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(Gain) / loss reclassified to profit or loss (under head finance costs) |
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(8,086 |
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406 |
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(2,370 |
) |
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(28 |
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(Gain) / loss reclassified to profit or loss on unwinding of derivative contract |
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57 |
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(11 |
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(12 |
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(0 |
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(Gain) / loss reclassified to non-financial assets or liabilities as basis adjustment (under head property, plant and equipment) |
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— |
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(75 |
) |
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(718 |
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(8 |
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(Gain) / loss reclassified to profit or loss as hedged future cash flows are no longer expected to occur |
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(90 |
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— |
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— |
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— |
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Income tax relating on cash flow hedges* |
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(336 |
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594 |
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(12 |
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(0 |
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Closing balance |
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1,819 |
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(122 |
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(65 |
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(1 |
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Less: Non-controlling interest movement |
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(140 |
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154 |
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35 |
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0 |
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Closing balance (after non-controlling interest) |
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1,679 |
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32 |
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(30 |
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1 |
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b) Cost of hedge reserve on cash flow hedges |
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Opening balance (after non-controlling interest) |
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(1,996 |
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(2,297 |
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(1,899 |
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(22 |
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Effective portion of changes in fair value |
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(5,923 |
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(3,346 |
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(2,160 |
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(25 |
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Amount reclassified to profit or loss (under head "Finance costs and fair value change in derivative instruments") |
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4,194 |
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2,435 |
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1,420 |
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17 |
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Loss reclassified to non-financial assets or liabilities as basis adjustment (under head property, plant and equipment) |
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— |
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1,177 |
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2,624 |
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31 |
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(Gain) / loss reclassified to profit or loss on unwinding of derivative contract |
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1,340 |
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400 |
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0 |
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0 |
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(Gain) / loss reclassified to profit or loss as hedged future cash flows are no longer expected to occur |
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12 |
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— |
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— |
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— |
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Income tax relating to cost of hedge reserve* |
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87 |
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(243 |
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(458 |
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(5 |
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Closing balance |
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(2,286 |
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(1,874 |
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(473 |
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(6 |
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Less: Non-controlling interest movement |
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(11 |
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(25 |
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(88 |
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(1 |
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Closing balance (after non-controlling interest) |
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(2,297 |
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(1,899 |
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(561 |
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(7 |
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c) Total Hedge reserve movement (a+b) |
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Opening balance (after non-controlling interest) |
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(1,328 |
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(618 |
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(1,867 |
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(22 |
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OCI for the year |
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861 |
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(2,205 |
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(93 |
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(1 |
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(Gain) / loss reclassified to non-financial assets or liabilities as basis adjustment (under head property, plant and equipment), net of tax |
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— |
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827 |
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1,422 |
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17 |
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Attributable to non-controlling interests |
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(151 |
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129 |
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(53 |
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(1 |
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Closing balance (after non-controlling interest) |
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(618 |
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(1,867 |
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(591 |
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(7 |
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* includes amount recognised directly in equity
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