22_Revenue_from_operations

22 Revenue from operations

(₹ In Crore)

For the year ended 31 March

Particulars

2022

2021

Revenue from operations

Revenue from contracts with customers

Sale of products

32,135.98

27,132.90

Other operating revenue

Scrap sales

29.25

18.67

Export incentives

551.27

245.59

PSI

30.50

–

Royalty

174.58

153.20

Technical know how fees

2.65

–

Rent [See note 40]

26.67

29.45

Insurance claims

0.49

0.25

Miscellaneous receipts

91.86

55.08

Government grants

2.65

2.65

Interest income on financial services to dealers

98.81

103.29

1,008.73

608.18

33,144.71

27,741.08

Revenue from contracts with customers (Goods transferred at a point in time)

India

15,201.89

14,445.62

Outside India

16,934.09

12,687.28

Total revenue from contracts with customers

32,135.98

27,132.90

Reconciling the amount of revenue recognised in the Statement of Profit and Loss with the contracted price

Revenue as per contracted price

32,407.71

27,374.31

Adjustments:

Cash discounts and target incentives

(242.90)

(183.94)

Sales promotion expenses

(28.83)

(57.47)

Revenue from contracts with customers

32,135.98

27,132.90