| Summary of reportable operating segments |
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For the year ended March 31, 2024(4) |
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For the year ended March 31, 2025(4) |
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For the year ended March 31, 2026 |
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Particulars |
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Generation and sale of renewable power |
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Manufacturing of power equipment's |
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Total before Adjustments and eliminations |
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Adjustments and eliminations(3)(5) |
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Total after Adjustments and eliminations |
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Generation and sale of renewable power |
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Manufacturing of power equipment's |
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Total before Adjustments and eliminations |
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Adjustments and eliminations(3)(5) |
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Total after Adjustments and eliminations |
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Generation and sale of renewable power |
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Manufacturing of power equipment's |
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Total before Adjustments and eliminations |
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Adjustments and eliminations(3)(5) |
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Amount after Adjustments and eliminations |
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Total after Adjustments and eliminations |
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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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76,624 |
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— |
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76,624 |
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— |
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76,624 |
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81,606 |
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13,194 |
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94,800 |
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— |
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94,800 |
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88,196 |
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40,846 |
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129,042 |
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— |
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129,042 |
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1,375 |
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Inter-segment revenue(5) |
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— |
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15,286 |
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15,286 |
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(15,286 |
) |
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— |
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— |
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24,142 |
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24,142 |
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(24,142 |
) |
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— |
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— |
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20,360 |
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20,360 |
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(20,360 |
) |
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— |
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— |
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Revenue |
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76,624 |
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15,286 |
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91,910 |
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(15,286 |
) |
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76,624 |
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81,606 |
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37,336 |
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118,942 |
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(24,142 |
) |
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94,800 |
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88,196 |
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61,206 |
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149,402 |
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(20,360 |
) |
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129,042 |
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1,375 |
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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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Other income |
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9,972 |
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— |
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9,972 |
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— |
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9,972 |
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7,901 |
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59 |
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7,960 |
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— |
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7,960 |
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10,896 |
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1,773 |
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12,669 |
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(659 |
) |
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12,010 |
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128 |
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Total income (a) |
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86,596 |
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15,286 |
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101,882 |
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(15,286 |
) |
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86,596 |
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89,507 |
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37,395 |
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126,902 |
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(24,142 |
) |
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102,760 |
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99,092 |
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62,979 |
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162,071 |
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(21,019 |
) |
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141,052 |
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1,503 |
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— |
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— |
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— |
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— |
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— |
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Less: Raw materials and consumables used and changes in inventories of finished goods |
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- |
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14,289 |
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14,289 |
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(14,289 |
) |
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- |
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- |
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30,015 |
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30,015 |
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(22,024 |
) |
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7,991 |
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- |
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40,583 |
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40,583 |
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(19,458 |
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21,125 |
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225 |
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Less: Employee benefit expense |
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2,536 |
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347 |
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2,883 |
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(347 |
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2,536 |
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3,064 |
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750 |
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3,814 |
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(416 |
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3,398 |
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3,247 |
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2,088 |
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5,335 |
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(292 |
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5,043 |
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54 |
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Less: Other expenses |
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13,921 |
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650 |
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14,571 |
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(650 |
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13,921 |
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11,368 |
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2,427 |
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13,795 |
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(1,702 |
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12,093 |
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14,295 |
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5,012 |
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19,307 |
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(1,269 |
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18,038 |
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192 |
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Total expenses (b) |
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16,457 |
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15,286 |
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31,743 |
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(15,286 |
) |
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16,457 |
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14,432 |
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33,192 |
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47,624 |
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(24,142 |
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23,482 |
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17,542 |
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47,683 |
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65,225 |
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(21,019 |
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44,206 |
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471 |
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Segment EBITDA (a) - (b) |
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70,139 |
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- |
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70,139 |
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- |
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70,139 |
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75,075 |
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4,203 |
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79,278 |
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— |
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79,278 |
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81,550 |
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15,296 |
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96,846 |
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- |
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96,846 |
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1,032 |
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Add: Revenue from non-reportable segments(1) |
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4,695 |
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2,263 |
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3,154 |
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34 |
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Less: Raw materials and consumables for non-reportable segments |
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(3,844 |
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(602 |
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(380 |
) |
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(4 |
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Less: Employee benefit and other expenses for non-reportable segments |
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- |
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(128 |
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(941 |
) |
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(10 |
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Less: Other expenses for non-reportable segments |
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(134 |
) |
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(82 |
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(1,124 |
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(12 |
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Add: Other un-allocable income(2) |
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4,689 |
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3,452 |
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6,245 |
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67 |
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Less: Un-allocable employee benefit expenses(2) |
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(1,931 |
) |
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(1,090 |
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(602 |
) |
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(6 |
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Less: Un-allocable other expenses(2) |
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(779 |
) |
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(608 |
) |
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(893 |
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(10 |
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Less: Depreciation, amortisation and impairment expenses |
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(17,583 |
) |
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(20,670 |
) |
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(26,738 |
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(285 |
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Add / (less): Change in fair value of warrants |
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551 |
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595 |
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184 |
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2 |
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Less: Finance costs and fair value change in derivative instruments |
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(47,506 |
) |
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(52,352 |
) |
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(61,754 |
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(658 |
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Profit / (loss) before tax |
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8,297 |
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10,056 |
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13,997 |
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149 |
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Less: Share in (loss) / profit of jointly controlled entities |
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(155 |
) |
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(22 |
) |
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(377 |
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(4 |
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Less: Income tax expense |
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(3,995 |
) |
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(5,443 |
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(3,235 |
) |
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(34 |
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Profit / (loss) for the year |
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4,147 |
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4,591 |
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10,385 |
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|
111 |
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The revenue from one major customer for the year ended March 31, 2026 amounts to INR 26,257 (March 31, 2025: one customer amounting INR 18,108; March 31, 2024: INR 23,343) which contributes more than 10% of the total revenue (Generation and sale of renewable power segment) of the Group. Notes: (1)Revenue as per the consolidated statement of profit or loss is the sum of revenue from external customers of reportable and non-reportable segments. (2)Unallocable income and expenses are not allocated to individual segments as those are managed at an overall Group level. (3)Adjustment and eliminations represent cost of manufacturing solar panels and modules which have been capitalised in the 'Generation and sale of renewable power' segment. (4)The segment information for the years ended March 31, 2025 and 2024 has also been revised in line with the Group’s current internal reporting. (5)Inter-segment revenues are recorded at cost excluding depreciation.
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