|
23 Revenue from operations |
||||
|
(₹ In Crore) |
||||
|
Particulars |
For the year ended 31 March |
|||
|
2024 |
2023 |
|||
|
|
||||
|
Revenue from operations |
||||
|
Revenue from contracts with customers |
||||
|
Sale of products* |
43,782.08 |
35,391.52 |
||
|
Other operating revenue |
||||
|
Scrap sales |
30.39 |
28.74 |
||
|
Export incentives |
434.99 |
469.33 |
||
|
PSI |
58.89 |
45.04 |
||
|
Royalty |
316.29 |
231.95 |
||
|
Rent [See note 40 of standalone financial statements] |
37.29 |
30.63 |
||
|
Insurance claims |
0.56 |
1.19 |
||
|
Miscellaneous receipts |
97.55 |
163.52 |
||
|
Government grants |
2.65 |
2.65 |
||
|
Interest income on financial services to dealers |
109.74 |
90.81 |
||
|
1,088.35 |
1,063.86 |
|||
|
44,870.43 |
36,455.38 |
|||
|
|
||||
|
Revenue from contracts with customers (Goods transferred at a point in time) |
||||
|
India |
29,206.97 |
20,928.61 |
||
|
Outside India |
14,575.11 |
14,462.91 |
||
|
Total revenue from contracts with customers |
43,782.08 |
35,391.52 |
||
|
|
||||
|
Reconciling the amount of revenue recognised in the Statement of Profit and Loss with the contracted price |
||||
|
Revenue as per contracted price |
44,237.48 |
35,709.23 |
||
|
Adjustments: |
||||
|
Cash discounts and target incentives |
(371.20) |
(309.62) |
||
|
Sales promotion expenses (primarily vehicle discounts) |
(84.20) |
(8.09) |
||
|
Revenue from contracts with customers |
43,782.08 |
35,391.52 |
||
*This includes Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II subsidy receivable on sale of eligible products from Central and State Government amounting to ₹ 404.97 crore (31 March 2023: ₹ 182.62 crore).