| Summary of Deferred Tax Assets (Net) |
12A Deferred tax assets (net)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, |
|
|
|
|
|
2024 |
|
|
2025 |
|
|
2025 |
|
|
|
|
|
(INR) |
|
|
(INR) |
|
|
(USD) |
|
Deferred tax assets (gross) |
|
|
|
|
|
|
|
|
|
|
|
Compound financial instruments |
|
|
|
|
3,113 |
|
|
|
3,466 |
|
|
|
41 |
|
Mark to market of derivative instruments |
|
|
|
|
78 |
|
|
|
151 |
|
|
|
2 |
|
Difference in written down value of PPE as per books of account and tax laws |
|
|
|
|
358 |
|
|
|
70 |
|
|
|
1 |
|
Unamortised ancillary borrowing cost |
|
|
|
|
1 |
|
|
|
1 |
|
|
|
0 |
|
Provision for decommissioning costs |
|
|
|
|
811 |
|
|
|
592 |
|
|
|
7 |
|
Expected credit losses |
|
|
|
|
53 |
|
|
|
182 |
|
|
|
2 |
|
Losses and unabsorbed depreciation available for offsetting against future taxable income |
|
|
|
|
18,828 |
|
|
|
23,926 |
|
|
|
280 |
|
Unused tax credit (Minimum alternate tax) |
|
|
|
|
167 |
|
|
|
292 |
|
|
|
3 |
|
Lease liabilities |
|
|
|
|
377 |
|
|
|
666 |
|
|
|
8 |
|
Others |
|
|
|
|
432 |
|
|
|
175 |
|
|
|
2 |
|
Deferred tax assets (gross) - Total (a) |
|
|
|
|
24,218 |
|
|
|
29,521 |
|
|
|
346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liabilities (gross) |
|
|
|
|
|
|
|
|
|
|
|
Mark to market of derivative instruments |
|
|
|
|
37 |
|
|
|
667 |
|
|
|
8 |
|
Difference in written down value of PPE as per books of account and tax laws |
|
|
|
|
17,923 |
|
|
|
20,906 |
|
|
|
245 |
|
Unamortised ancillary borrowing cost |
|
|
|
|
142 |
|
|
|
99 |
|
|
|
1 |
|
Right of use asset |
|
|
|
|
522 |
|
|
|
712 |
|
|
|
8 |
|
Others |
|
|
|
|
38 |
|
|
|
64 |
|
|
|
1 |
|
Deferred tax liabilities (gross) - Total (b) |
|
|
|
|
18,662 |
|
|
|
22,448 |
|
|
|
263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax assets (net) (a) - (b) |
|
|
|
|
5,556 |
|
|
|
7,073 |
|
|
|
83 |
|
|
| Summary of Deferred Tax Liabilities (Net) |
12B Deferred tax liabilities (net)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, |
|
|
|
|
|
2024 |
|
|
2025 |
|
|
2025 |
|
|
|
|
|
(INR) |
|
|
(INR) |
|
|
(USD) |
|
Deferred tax liabilities (gross) |
|
|
|
|
|
|
|
|
|
|
|
Compound financial instruments |
|
|
|
|
217 |
|
|
|
195 |
|
|
|
2 |
|
Mark to market of derivative instruments |
|
|
|
|
842 |
|
|
|
797 |
|
|
|
9 |
|
Difference in written down value of PPE as per books of account and tax laws |
|
|
|
|
60,518 |
|
|
|
68,256 |
|
|
|
799 |
|
Unamortised ancillary borrowing cost |
|
|
|
|
182 |
|
|
|
168 |
|
|
|
2 |
|
Right of use asset |
|
|
|
|
653 |
|
|
|
561 |
|
|
|
7 |
|
Others |
|
|
|
|
43 |
|
|
|
66 |
|
|
|
1 |
|
Deferred tax liabilities (gross) - Total (c) |
|
|
|
|
62,455 |
|
|
|
70,043 |
|
|
|
820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax assets (gross) |
|
|
|
|
|
|
|
|
|
|
|
Mark to market of derivative instruments |
|
|
|
|
30 |
|
|
|
14 |
|
|
|
0 |
|
Unamortised ancillary borrowing cost |
|
|
|
|
5 |
|
|
|
9 |
|
|
|
0 |
|
Provision for decommissioning costs |
|
|
|
|
1,715 |
|
|
|
1,685 |
|
|
|
20 |
|
Expected credit losses |
|
|
|
|
370 |
|
|
|
399 |
|
|
|
5 |
|
Losses and unabsorbed depreciation available for offsetting against future taxable income |
|
|
|
|
37,168 |
|
|
|
39,487 |
|
|
|
462 |
|
Unused tax credit (Minimum alternate tax) |
|
|
|
|
2,867 |
|
|
|
2,722 |
|
|
|
32 |
|
Lease liabilities |
|
|
|
|
791 |
|
|
|
737 |
|
|
|
9 |
|
Government grant (viability gap funding) |
|
|
|
|
453 |
|
|
|
355 |
|
|
|
4 |
|
Others |
|
|
|
|
351 |
|
|
|
154 |
|
|
|
2 |
|
Deferred tax assets (gross) - Total (d) |
|
|
|
|
43,750 |
|
|
|
45,562 |
|
|
|
533 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liabilities (net) (c) - (d) |
|
|
|
|
18,705 |
|
|
|
24,481 |
|
|
|
287 |
|
|
| Summary of Reconciliation of Tax Expense And Accounting Profit Multiplied By Tax Rate |
12C Reconciliation of tax expense and the accounting profit multiplied by tax rate
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended March 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
2025 |
|
|
|
(INR) |
|
|
(INR) |
|
|
(INR) |
|
|
(USD) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounting profit / (loss) before income tax |
|
|
(2,470 |
) |
|
|
8,142 |
|
|
|
10,034 |
|
|
|
117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax at the India's tax rate of 25.168% applicable to RPL (March 31, 2024 and 2023: 31.2%) |
|
|
(771 |
) |
|
|
2,540 |
|
|
|
2,525 |
|
|
|
30 |
|
Disallowance (net of allowance) under section 94B of the
Income Tax Act (1) |
|
|
2,034 |
|
|
|
1,968 |
|
|
|
1,763 |
|
|
|
21 |
|
Tax rate differences |
|
|
49 |
|
|
|
(115 |
) |
|
|
(217 |
) |
|
|
(3 |
) |
Unabsorbed depreciation and business losses (1) (2) |
|
|
1,090 |
|
|
|
1,000 |
|
|
|
694 |
|
|
|
8 |
|
Change in estimates for recoverability of Minimum alternate tax |
|
|
(97 |
) |
|
|
17 |
|
|
|
(53 |
) |
|
|
(1 |
) |
Adjustment of tax relating to earlier periods |
|
|
231 |
|
|
|
(528 |
) |
|
|
582 |
|
|
|
7 |
|
On account of adoption of new tax ordinance |
|
|
|
|
|
|
|
|
|
|
|
|
- MAT credit written off |
|
|
22 |
|
|
|
81 |
|
|
|
414 |
|
|
|
5 |
|
- Recognition / reversal of DTA/ DTL |
|
|
(1 |
) |
|
|
(2 |
) |
|
|
(49 |
) |
|
|
(1 |
) |
Effect of tax holidays and other tax exemptions |
|
|
(49 |
) |
|
|
(288 |
) |
|
|
(20 |
) |
|
|
(0 |
) |
Other non-deductible expenses |
|
|
51 |
|
|
|
(678 |
) |
|
|
(196 |
) |
|
|
(2 |
) |
Tax expense at the effective income tax rate |
|
|
2,559 |
|
|
|
3,995 |
|
|
|
5,443 |
|
|
|
64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current tax expense reported in the consolidated statement of
profit or loss |
|
|
966 |
|
|
|
981 |
|
|
|
1,514 |
|
|
|
18 |
|
Deferred tax expense reported in the consolidated statement of
profit or loss |
|
|
1,593 |
|
|
|
3,014 |
|
|
|
3,929 |
|
|
|
46 |
|
|
|
|
2,559 |
|
|
|
3,995 |
|
|
|
5,443 |
|
|
|
64 |
|
Notes (1) The Group has not recognised DTA in absence of reasonable certainty towards its realisation. (2) The amount is net off by INR 2,030 (March 31, 2024: INR 1,064, March 31, 2023: INR 1,446) that represents previously unrecognised DTA which was recognised in the current year.
|
| Summary of Reconciliation of DTA (Net) and DTL (Net) |
a) For the year ended March 31, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Particulars |
|
Opening
balance
DTA /(DTL)
as at
April 1, 2022 |
|
|
Income /
(expense)
recognised in
profit or loss |
|
|
Income /
(expense)
recognised in
OCI |
|
|
Income /
(expense)
recognised in
equity |
|
|
Acquisition of
Non-controlling
interest |
|
|
Closing
balance
DTA / (DTL)
as at
March 31,
2023 |
|
Compound financial instruments |
|
|
(12 |
) |
|
|
85 |
|
|
|
— |
|
|
|
2,631 |
|
|
|
(150 |
) |
|
|
2,554 |
|
Gain / (loss) on mark to market of derivative instruments |
|
|
463 |
|
|
|
(0 |
) |
|
|
(895 |
) |
|
|
— |
|
|
|
— |
|
|
|
(432 |
) |
Difference in written down value as per books of account and tax laws |
|
|
(62,551 |
) |
|
|
(9,996 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(72,547 |
) |
Unamortised ancillary borrowing cost |
|
|
(223 |
) |
|
|
(87 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(310 |
) |
Provision for decommissioning cost |
|
|
3,434 |
|
|
|
878 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,312 |
|
Expected credit losses |
|
|
255 |
|
|
|
129 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
384 |
|
Fair value gain on financial instruments |
|
|
(9 |
) |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Unabsorbed depreciation available for offsetting against future taxable income |
|
|
43,949 |
|
|
|
7,253 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
51,202 |
|
Tax losses available for offsetting against future taxable income |
|
|
425 |
|
|
|
(346 |
) |
|
|
607 |
|
|
|
— |
|
|
|
— |
|
|
|
686 |
|
Minimum alternate tax |
|
|
1,892 |
|
|
|
484 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,376 |
|
Lease liabilities |
|
|
654 |
|
|
|
70 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
724 |
|
Government grant (viability gap funding) |
|
|
412 |
|
|
|
(7 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
405 |
|
Right of use asset |
|
|
(672 |
) |
|
|
(172 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(844 |
) |
Others |
|
|
577 |
|
|
|
107 |
|
|
|
(3 |
) |
|
|
— |
|
|
|
— |
|
|
|
681 |
|
|
|
|
(11,406 |
) |
|
|
(1,593 |
) |
|
|
(291 |
) |
|
|
2,631 |
|
|
|
(150 |
) |
|
|
(10,809 |
) |
b) For the year ended March 31, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Particulars |
|
Opening
balance
DTA /(DTL)
as at
April 1, 2023 |
|
|
Income /
(expense)
recognised in
profit or loss |
|
|
Income /
(expense)
recognised in
OCI |
|
|
Income /
(expense)
recognised in
equity |
|
|
Adjustment on
account of sale
of subsidiary |
|
|
Closing balance
DTA / (DTL)
as at
March 31,
2024 |
|
Compound financial instruments |
|
|
2,554 |
|
|
|
380 |
|
|
|
— |
|
|
|
(40 |
) |
|
|
1 |
|
|
|
2,895 |
|
Gain / (loss) on mark to market of derivative instruments |
|
|
(432 |
) |
|
|
(268 |
) |
|
|
(84 |
) |
|
|
(275 |
) |
|
|
287 |
|
|
|
(772 |
) |
Difference in written down value as per books of account and tax laws |
|
|
(72,547 |
) |
|
|
(8,775 |
) |
|
|
— |
|
|
|
— |
|
|
|
3,237 |
|
|
|
(78,085 |
) |
Unamortised ancillary borrowing cost |
|
|
(310 |
) |
|
|
(10 |
) |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
(319 |
) |
Provision for decommissioning cost |
|
|
4,312 |
|
|
|
(1,750 |
) |
|
|
— |
|
|
|
— |
|
|
|
(37 |
) |
|
|
2,525 |
|
Expected credit losses |
|
|
384 |
|
|
|
38 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
422 |
|
Unabsorbed depreciation available for offsetting against future taxable income |
|
|
51,202 |
|
|
|
5,160 |
|
|
|
711 |
|
|
|
— |
|
|
|
(3,126 |
) |
|
|
53,947 |
|
Tax losses available for offsetting against future taxable income |
|
|
686 |
|
|
|
1,364 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,050 |
|
Minimum alternate tax |
|
|
2,376 |
|
|
|
658 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,034 |
|
Lease liabilities |
|
|
724 |
|
|
|
534 |
|
|
|
— |
|
|
|
— |
|
|
|
(91 |
) |
|
|
1,167 |
|
Government grant (viability gap funding) |
|
|
405 |
|
|
|
47 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
452 |
|
Right of use asset |
|
|
(844 |
) |
|
|
(417 |
) |
|
|
— |
|
|
|
— |
|
|
|
87 |
|
|
|
(1,174 |
) |
Others |
|
|
681 |
|
|
|
25 |
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
709 |
|
|
|
|
(10,809 |
) |
|
|
(3,014 |
) |
|
|
630 |
|
|
|
(315 |
) |
|
|
359 |
|
|
|
(13,149 |
) |
c) For the year ended March 31, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Particulars |
|
Opening
balance
DTA /(DTL)
as at
April 1, 2024 |
|
|
Income /
(expense)
recognised in
profit or loss |
|
|
Income /
(expense)
recognised in
OCI |
|
|
Income /
(expense)
recognised in
equity |
|
|
Adjustment on
account of sale
of subsidiary |
|
|
Closing balance
DTA / (DTL)
as at
March 31,
2025 |
|
Compound financial instruments |
|
|
2,895 |
|
|
|
407 |
|
|
|
— |
|
|
|
(40 |
) |
|
|
— |
|
|
|
3,262 |
|
Gain / (loss) on mark to market of derivative instruments |
|
|
(772 |
) |
|
|
28 |
|
|
|
(32 |
) |
|
|
(480 |
) |
|
|
— |
|
|
|
(1,256 |
) |
Difference in written down value as per books of account and tax laws |
|
|
(78,085 |
) |
|
|
(13,428 |
) |
|
|
— |
|
|
|
— |
|
|
|
2,463 |
|
|
|
(89,050 |
) |
Unamortised ancillary borrowing cost |
|
|
(319 |
) |
|
|
63 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(256 |
) |
Provision for decommissioning cost |
|
|
2,525 |
|
|
|
(234 |
) |
|
|
— |
|
|
|
— |
|
|
|
(15 |
) |
|
|
2,276 |
|
Expected credit losses |
|
|
422 |
|
|
|
158 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
580 |
|
Unabsorbed depreciation available for offsetting against future taxable income |
|
|
53,947 |
|
|
|
8,483 |
|
|
|
42 |
|
|
|
— |
|
|
|
(2,256 |
) |
|
|
60,216 |
|
Tax losses available for offsetting against future taxable income |
|
|
2,050 |
|
|
|
1,111 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,161 |
|
Minimum alternate tax |
|
|
3,034 |
|
|
|
(20 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,014 |
|
Lease liabilities |
|
|
1,167 |
|
|
|
287 |
|
|
|
— |
|
|
|
— |
|
|
|
(52 |
) |
|
|
1,402 |
|
Government grant (viability gap funding) |
|
|
452 |
|
|
|
(98 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
354 |
|
Right of use asset |
|
|
(1,174 |
) |
|
|
(148 |
) |
|
|
— |
|
|
|
— |
|
|
|
50 |
|
|
|
(1,272 |
) |
Others |
|
|
709 |
|
|
|
(535 |
) |
|
|
(10 |
) |
|
|
— |
|
|
|
— |
|
|
|
161 |
|
|
|
|
(13,149 |
) |
|
|
(3,929 |
) |
|
|
0 |
|
|
|
(520 |
) |
|
|
190 |
|
|
|
(17,408 |
) |
|