v3.26.1
Deferred Tax
 12 Months Ended
Mar. 31, 2026
Deferred Tax  
Deferred Tax

25. Deferred Tax

 

Unrecognized Deferred Tax Assets

 

Deferred tax assets have not been recognized in respect of the following items:

 

   As at March 31, 
Particulars  2025   2026 
Deductible temporary differences   276,775    285,174 
Tax loss carry forward and unabsorbed depreciation   2,168,730    1,892,092 
Total   2,445,505    2,177,266 

 

In the Group, there are few subsidiaries for which no deferred tax assets have been recognised on deductible temporary differences of INR 1,103,158 (March 31, 2025: INR 1,070,405) and tax losses of INR 4,798,079 (March 31, 2025: INR 5,588,021) and unabsorbed depreciation of INR 2,479,197 (March 31, 2025: INR 2,771,805), as it is not probable that taxable profit will be available in near future against which these can be utilized. Tax losses are available as an offset against future taxable profit expiring at various dates through 2032 and unabsorbed depreciation is available indefinitely for offsetting against future taxable profits.

 

Recognized Deferred Tax Assets and Liabilities

 

   As at
March 31, 2025		   As at
March 31, 2026		 
Deferred tax assets are attributable to the following -          
Property, plant and equipment   664    688 
Trade and other receivables   10,107    5,029 
MAT credit   266    - 
Employee benefits   9,132    10,154 
Provision for expenses   63    42 
Right-of-use assets   (11,293)   (5,393))
Lease Liabilities   11,597    18,679 
Deferred tax asset   20,536    29,199 
Remeasurement loss on defined benefit plan   1,983    1,449 
Total deferred tax asset (A)   22,519    30,648 
Deferred tax liabilities are attributable to the following -          
Property, plant and equipment and intangible assets   (142,468)   (128,885)
Total deferred tax liability (B)   (142,468)   (128,885)
           
Net deferred tax liability (A-B)   (119,949)   (98,237)
Particulars  Balance as on April 01, 2025   Deferred tax asset acquired on business combination*   On account of business combination   Recognized in profit/(loss)   Recognized in other comprehensive income   Balance as on March, 31 2026 
Property, plant and equipment, and intangible assets   (141,804)           -    -    13,607    -    (128,197)
Right-of-use assets   (11,293)   -    -    (5,900)   -    (5,393)
Lease liabilities   11,597    -    -    7,082    -    18,679 
Trade and other receivables   10,107    -    -    (5,078)   -    5,029 
Employee benefit   9,132    -    -    1,022    -    10,154 
Provision for expenses   63    -    -    (21)   -    42 
Remeasurement loss on defined benefit plan   1,983    -    -    -    (534)   1,449 
MAT credit   266    -    -    266         - 
Deferred tax liability   (119,949)   -    (146,306)   22,246    (534)   (98,237)

 

Particulars  Balance as on April 01, 2024   Deferred tax asset acquired on business combination*   On account of business combination   Recognized in profit/(loss)   Recognized in other comprehensive income   Balance as on March, 31 2025 
Property, plant and equipment, and intangible assets   (1,957)          -    (146,306)   6,459             -    (141,804)
Right-of-use assets   (161)   -    -    (11,132)   -    (11,293)
Lease liabilities   210    -    -    11,387    -    11,597 
Trade and other receivables   4,497    -    -    5,610    -    10,107 
Employee benefit   1,888    4,327    -    2,917    -    9,132 
Provision for expenses   93    -    -    

(30

)   -    63 
Remeasurement loss on defined benefit plan   1,693    -    -    -    290    1,983 
MAT credit   -    -    -    266       266 
Deferred tax assets   6,263   4,327    (146,306)   15,477    290    (119,949)

 

*Deferred tax asset acquired on account of acquisition of Globe All India Services Limited on September 10, 2024

 

 

Yatra Online, Inc.

Notes to the consolidated financial statements

(Amounts in INR thousands, except per share data and number of shares)