v3.25.2
Segment information
 12 Months Ended
Mar. 31, 2025
Disclosure of operating segments [abstract]  
Segment information
43.
Segment information

The CEO of the Company takes decisions in respect of allocation of resources and assesses the performance basis the reports / information provided by functional heads and is thus considered to be the Chief Operating Decision Maker (CODM).

The Group discloses segment information in a manner consistent with internal reporting to the CEO. The Group has identified segments based on type of business operations. The reportable segments of Group under IFRS 8 - Operating segments, are (a) Wind, Solar and Hydro Power which predominantly relate to generation and sale of electricity and construction activities; b) Manufacturing which predominantly relates to manufacturing of solar panels and modules; and (c) transmission line projects which predominantly relates to transmission of power. The non-reportable segments relate to the other services being rendered by the Group.

The Group entities do not operate in more than one geographical segment. The Group discloses segment information Earnings before interest, tax, depreciation and amortisation (Segment EBITDA), where Segment EBITDA is measured on the basis of profit / (loss) from continuing operations, which is used by the CODM. The Group measures Segment EBITDA, a non-IFRS measure, as the revenue generated from the respective segment plus other income pertaining to the respective segment and is reduced by Raw materials and consumables used, employee benefit and other expenses, excluding depreciation and amortisation charges and finance costs, directly related to the individual segments.

No operating segment has been aggregated to form the above reportable operating segments. Further, total assets and liabilities balance for each reportable segment is not reviewed by or provided to the CODM.

 

 

 

For the year ended March 31, 2023

 

For the year ended March 31, 2024

 

For the year ended March 31, 2025

 

Particulars

 

Wind
power

 

Solar
power

 

Hydro
power

 

Transmission
line

 

Total

 

Wind power

 

Solar power

 

Hydro
power

 

Transmission line

 

Manufacturing (3)

 

Adjustments and eliminations

 

Total

 

Wind power

 

Solar power

 

Hydro
power

 

Transmission line

 

Manufacturing (3)

 

Adjustments and eliminations

 

Total

 

Total

 

 

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(INR)

 

(USD)

 

Revenue (external customer) (1)

 

 

36,009

 

 

32,105

 

 

2,463

 

 

7,557

 

 

78,134

 

 

40,847

 

 

33,671

 

 

2,256

 

 

4,347

 

 

-

 

 

-

 

 

81,121

 

 

43,758

 

 

35,590

 

 

2,237

 

 

1,910

 

 

13,194

 

 

-

 

 

96,689

 

 

1,132

 

Inter-segment revenue

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

15,285

 

 

(15,285

)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

24,142

 

 

(24,142

)

 

-

 

 

-

 

Revenue

 

 

36,009

 

 

32,105

 

 

2,463

 

 

7,557

 

 

78,134

 

 

40,847

 

 

33,671

 

 

2,256

 

 

4,347

 

 

15,285

 

 

(15,285

)

 

81,121

 

 

43,758

 

 

35,590

 

 

2,237

 

 

1,910

 

 

37,336

 

 

(24,142

)

 

96,689

 

 

1,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

6,710

 

 

2,214

 

 

12

 

 

157

 

 

9,093

 

 

5,835

 

 

3,285

 

 

44

 

 

552

 

 

-

 

 

-

 

 

9,716

 

 

4,402

 

 

1,973

 

 

84

 

 

217

 

 

59

 

 

-

 

 

6,735

 

 

79

 

Total income (a)

 

 

42,719

 

 

34,319

 

 

2,475

 

 

7,714

 

 

87,227

 

 

46,682

 

 

36,956

 

 

2,300

 

 

4,899

 

 

15,285

 

 

(15,285

)

 

90,837

 

 

48,160

 

 

37,563

 

 

2,321

 

 

2,127

 

 

37,395

 

 

(24,142

)

 

103,424

 

 

1,211

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Raw materials and consumables used and changes in inventories of finished goods (6)

 

 

-

 

 

-

 

 

-

 

 

6,891

 

 

6,891

 

 

-

 

 

-

 

 

-

 

 

3,646

 

 

14,289

 

 

(14,289

)

 

3,646

 

 

-

 

 

-

 

 

-

 

 

602

 

 

30,015

 

 

(22,024

)

 

8,593

 

 

101

 

Less: Employee benefit and other expenses (2) (6)

 

 

7,961

 

 

4,830

 

 

243

 

 

373

 

 

13,407

 

 

7,859

 

 

5,384

 

 

367

 

 

89

 

 

997

 

 

(997

)

 

13,699

 

 

7,019

 

 

4,784

 

 

268

 

 

48

 

 

3,177

 

 

(2,118

)

 

13,178

 

 

154

 

Total expenses (b)

 

 

7,961

 

 

4,830

 

 

243

 

 

7,264

 

 

20,298

 

 

7,859

 

 

5,384

 

 

367

 

 

3,735

 

 

15,285

 

 

(15,285

)

 

17,345

 

 

7,019

 

 

4,784

 

 

268

 

 

650

 

 

33,192

 

 

(24,142

)

 

21,771

 

 

255

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment EBITDA (a) - (b)

 

 

34,758

 

 

29,489

 

 

2,232

 

 

450

 

 

66,929

 

 

38,823

 

 

31,572

 

 

1,933

 

 

1,164

 

 

-

 

 

-

 

 

73,492

 

 

41,141

 

 

32,779

 

 

2,053

 

 

1,477

 

 

4,203

 

 

-

 

 

81,653

 

 

956

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add: Revenue from non-reportable segments(1)

 

 

 

 

 

 

 

 

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

374

 

 

4

 

Less: Employee benefit and other expenses for non-reportable segments

 

 

 

 

 

 

 

 

 

 

(551

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(864

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(217

)

 

(3

)

Add: Other un-allocable income (4)

 

 

 

 

 

 

 

 

 

 

637

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,677

 

 

55

 

Less: Un-allocable employee benefit and other expenses(4)

 

 

 

 

 

 

 

 

 

 

(5,433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,955

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,004

)

 

(47

)

Less: Depreciation and amortisation expense

 

 

 

 

 

 

 

 

 

 

(15,901

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(17,583

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(20,670

)

 

(242

)

Add / (less): Change in fair value of warrants

 

 

 

 

 

 

 

 

 

 

1,356

 

 

 

 

 

 

 

 

 

 

 

 

 

 

551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

595

 

 

7

 

Less: Finance costs and fair value change in derivative instruments(2)

 

 

 

 

 

 

 

 

 

 

(49,689

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(47,487

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(52,352

)

 

(613

)

Profit / (loss) before tax

 

 

 

 

 

 

 

 

 

 

(2,563

)

 

 

 

 

 

 

 

 

 

 

 

 

 

8,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,056

 

 

118

 

Less: Share in (loss) / profit of jointly controlled entities

 

 

 

 

 

 

 

 

 

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(155

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(22

)

 

(0

)

Less: Income tax expense

 

 

 

 

 

 

 

 

 

 

(2,559

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,995

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,443

)

 

(64

)

Profit / (loss) for the year

 

 

 

 

 

 

 

 

 

 

(5,029

)

 

 

 

 

 

 

 

 

 

 

 

 

 

4,147

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,591

 

 

54

 

 

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.