37 Segment information - Annual Report 2022

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37 Segment information

Segment information is based on the consolidated financial statements.

Segment wise revenue, results and capital employed for the year ended 31 March 2022

The Company’s Core Management Committee (CMC), examines the Group’s performance both from a product and geographical perspective and has identified two reportable operative business segments. The Group’s significant source of risk and rewards are derived from Automotive business and Investments, the performance of which is reviewed by the committee on a periodic basis and hence considered as individual operative segments.

(₹ In Crore)
(a) Business segment
Particulars	Automotive	Investments	Consolidated

Revenue
External sales and other income*	33,271.47	1,157.38	34,428.85
Inter segment sales and other income	–	–	–
Total revenue	33,271.47	1,157.38	34,428.85
* includes Revenue from contracts with customers: ₹ 32,135.98 crore

Segment result	6,505.57	1,154.77	7,660.34
Finance costs	8.66	–	8.66
Tax expense	–	–	1,485.81
Non-controlling interest	–	–	–
Profit for the year	6,496.91	1,154.77	6,165.87

Segment assets	7,512.66	22,785.52	30,298.18
Investments in associate of subsidiary	4,063.79	–	4,063.79
Unallocated corporate assets	–	–	749.24
Total assets	11,576.45	22,785.52	35,111.21

Segment liabilities	4,663.30	–	4,663.30
Unallocated corporate liabilities	–	–	24.15
Total liabilities	4,663.30	–	4,687.45

Capital employed	6,913.15	22,785.52	30,423.76

Reconciliation of segment liabilities
Total segment liabilities as above			4,687.45
Add: Considered as part of capital employed
Sales tax deferral			122.77
Deferred tax liabilities			402.68
Government grant (current and non-current)			38.65
Total liabilities as per Balance Sheet			5,251.55

Capital expenditure	458.62	–	458.62
Depreciation and write downs	269.76	–	269.76
Non cash expenses other than depreciation	(4.44)	–	(4.44)

(b) Geographic segment
Particulars	India	Rest of the world	Consolidated

Segment revenue: External sales and other income	17,419.86	17,008.99	34,428.85
Segment assets	29,913.52	5,197.69	35,111.21
Capital expenditure	458.60	0.02	458.62

Segment information is based on the consolidated financial statements.

Segment wise revenue, results and capital employed for the year ended 31 March 2021

(₹ In Crore)
(a) Business segment
Particulars	Automotive	Investments	Consolidated

Revenue
External sales and other income*	27,750.12	1,267.42	29,017.54
Inter segment sales and other income	–	–	–
Total revenue	27,750.12	1,267.42	29,017.54
* includes Revenue from contracts with customers: ₹ 27,132.90 crore

Segment result	4,983.82	1,264.27	6,248.09
Finance costs	6.66	–	6.66
Tax expense	–	–	1,384.41
Non-controlling interest	–	–	–
Profit for the year	4,977.16	1,264.27	4,857.02

Segment assets	8,097.89	21,500.05	29,597.94
Investments in associate of subsidiary	3,288.96	–	3,288.96
Unallocated corporate assets	–	–	714.81
Total assets	11,386.85	21,500.05	33,601.71

Segment liabilities	5,619.22	–	5,619.22
Unallocated corporate liabilities	–	–	24.15
Total liabilities	5,619.22	–	5,643.37

Capital employed	5,767.63	21,500.05	27,958.34

Reconciliation of segment liabilities
Total segment liabilities as above			5,643.37
Add: Considered as part of capital employed
Sales tax deferral			121.46
Deferred tax liabilities			522.14
Government grant (current and non-current)			41.30
Total liabilities as per Balance Sheet			6,328.27

Capital expenditure	215.58	–	215.58
Depreciation and write downs	259.37	–	259.37
Non cash expenses other than depreciation	16.15	–	16.15

(b) Geographic segment
Particulars	India	Rest of the world	Consolidated

Segment revenue: External sales and other income	16,330.26	12,687.28	29,017.54
Segment assets	29,151.11	4,450.60	33,601.71
Capital expenditure	212.83	2.75	215.58