v3.26.1
Employee benefits (Tables)
12 Months Ended
Mar. 31, 2026
Employee benefits  
Disclosure of detailed information about employee benefits [text block]

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Gratuity payable

26

 

47

 

25

Compensated absences

164

 

154

 

135

 

190

 

201

 

160

 

*Represents provision based on actuarial valuation.

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Gratuity payable

-

 

-

 

-

Compensated absences

49

 

45

 

41

 

49

 

45

 

41

Disclosure of detailed information about costs recognized in results to increase or decrease in net defined benefit liability asset [text block]

The components of gratuity costs recognized in the consolidated income statement for the years ending March 31, 2026, 2025, and March 31, 2024 consist of the following:

 

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Current service cost

75

 

70

 

62

Past service cost

19

 

-

 

-

Interest cost

30

 

28

 

22

Interest income

(17)

 

(26)

 

(20)

 

107

 

72

 

64

Disclosure of defined benefit plans [text block]

Details of employee benefit obligation and plan asset are as follows:

 

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Projected benefit obligation at the end of the year

529

 

446

 

382

Plan assets at the end of the year

(503)

 

(399)

 

(357)

Funded status amount of liability recognized in the balance sheet

26

 

47

 

25

Disclosure of net defined benefit liability (asset) [text block]

The following table set out the status of the gratuity plan:

 

Change in defined benefit obligation

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Projected benefit obligation at the beginning of the year

446

 

382

 

299

Current service cost

75

 

70

 

62

Past service cost

19

 

-

 

-

Interest cost

30

 

28

 

22

Remeasurements - Actuarial (gain) / loss

(3)

 

8

 

21

Benefits paid

(38)

 

(42)

 

(22)

Projected benefit obligation at the end of the  year

529

 

446

 

382

Disclosure of fair value of plan assets [text block]

Change in plan assets

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Fair value of plan assets at the beginning of the year

399

 

357

 

271

Interest income

17

 

26

 

20

Employer contributions

115

 

53

 

86

Benefits paid

(38)

 

(42)

 

(22)

Return on plan assets, excluding amount recognised in net interest expense

10

 

5

 

2

Fair value of plan assets at the end of the year

503

 

399

 

357

 

 

 

 

 

 

Actual return on plan assets

27

 

30

 

22

Disclosure of actuarial assumptions [text block]

The principal actuarial assumptions as on March 31, 2026, 2025, and 2024 were as follows:

 

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

 

Discount rate

6.70

% p. a.

6.65

% p. a.

7.15

% p. a.

Expected long term rate of return on plan assets

8

%

8

%

8

%

Average future working lifetime

20.75 years

 

21.67 years

 

21.46 years

 

Disclosure of information about maturity profile of defined benefit obligation [text block]

The expected benefit payments to be made in the next few years are as under:

 

Year

March 31, 2026

 

March 31, 2025

1 Year

104

 

80

2 to 5 years

330

 

276

6 to 10 years

200

 

177

More than 10 years

106

 

97

Disclosure of detailed information about weighted average allocation of assets [text block]

Plan assets: The Gratuity plan’s weighted-average asset allocation on March 31, 2026 and March 31, 2025, by asset category is as follows:

 

 

March 31, 2026

 

March 31, 2025

 

Funds managed by insurers

100

%

100

%

Disclosure of detailed information about gain or relating to actuarial assumptions recognized in other comprehensive income [text block]

Amount recognized in other comprehensive income for the years ending March 31, 2026, 2025, and 2024 are as follows:

 

 

March 31, 2026

 

March 31, 2025

 

March 31, 2024

Remeasurements of the net defined benefit liability

 

 

 

 

 

Actuarial (gain)/loss

 

 

 

 

 

-    Change in demographic assumptions

-

 

-

 

-

-    change in financial assumptions

(2)

 

10

 

3

-    experience variance

(1)

 

(2)

 

19

-    return on plan assets, excluding amounts  recognized in net interest expense/ income

(10)

 

(5)

 

(2)

 

(13)

 

3

 

20

Disclosure of sensitivity analysis for actuarial assumptions [text block]

Sensitivity analysis for the defined benefit obligations will increase/ decrease by the amounts mentioned below if there is a variation of 100 basis points in the discount rate and salary escalation rate.

 

 

Discount rate

 

Salary escalation rate

 

Decrease by

100 bps

(₹ ‘000000s)

 

Increase by 100 bps

(₹ ‘000000s)

 

Decrease by 100 bps

(₹ ‘000000s)

 

Increase by 100 bps

(₹ ‘000000s)

Present Value of Defined Benefit Obligation

552

 

506

 

509

 

548