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43 Segment information |
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Segment information is based on the consolidated financial statements. |
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Segment wise revenue, results and capital employed for the year ended 31 March 2024 |
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The Company’s Core Management Committee (CMC), examines the Groups performance both from a product and geographical perspective and has identified three reportable operative business segments. The Group’s significant source of risk and rewards are derived from Automotive business, Investments and Financing, the performance of which is reviewed by the committee on a periodic basis and hence considered as individual operative segments. |
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(₹ In Crore) |
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(a) Business segment |
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|
Particulars |
Automotive |
Investments |
Financing |
Consolidated |
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|
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Revenue |
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|
External sales and other income* |
44,870.14 |
1,419.66 |
16.65 |
46,306.45 |
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Inter segment sales and other income |
– |
– |
– |
– |
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Total revenue |
44,870.14 |
1,419.66 |
16.65 |
46,306.45 |
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* includes Revenue from contracts with customers: ₹ 43,782.08 crore |
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|
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Segment result |
8,708.15 |
1,417.60 |
(25.35) |
10,100.40 |
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Finance costs |
53.73 |
– |
6.63 |
60.36 |
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Tax expense |
– |
– |
– |
2,331.80 |
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|
Non-controlling interest |
– |
– |
– |
– |
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Profit for the year |
8,654.42 |
1,417.60 |
(31.98) |
7,708.24 |
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|
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Segment assets |
8,837.56 |
23,520.93 |
1,259.06 |
33,617.55 |
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Investments in associate of subsidiary |
4,820.40 |
– |
– |
4,820.40 |
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Unallocated corporate assets |
– |
– |
– |
905.74 |
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Total assets |
13,657.96 |
23,520.93 |
1,259.06 |
39,343.69 |
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|
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Segment liabilities |
8,701.54 |
– |
376.05 |
9,077.59 |
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|
Unallocated corporate liabilities |
– |
– |
– |
18.04 |
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Total liabilities |
8,701.54 |
– |
376.05 |
9,095.63 |
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|
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Capital employed |
4,956.42 |
23,520.93 |
883.01 |
30,248.06 |
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|
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Reconciliation of segment liabilities |
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Total segment liabilities as above |
9,095.63 |
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Add: Considered as part of capital employed |
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Long-term borrowings |
633.33 |
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|
Sales tax deferral |
125.84 |
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|
Deferred tax liabilities |
493.13 |
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|
Government grant (current and non-current) |
33.34 |
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Total liabilities as per balance Sheet |
10,381.27 |
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|
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Capital expenditure |
887.36 |
– |
887.36 |
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Depreciation and write downs |
364.77 |
– |
364.77 |
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(b) Geographic segment |
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Particulars |
India |
Rest of the world |
Consolidated |
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|
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Segment revenue: External sales and other income |
31,764.57 |
14,541.88 |
46,306.45 |
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Segment assets |
32,916.96 |
6,426.73 |
39,343.69 |
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Capital expenditure |
885.07 |
2.29 |
887.36 |
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Segment wise revenue, results and capital employed for the year ended 31 March 2023 |
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(₹ In Crore) |
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(a) Business segment |
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Particulars |
Automotive |
Investments |
Consolidated |
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|
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Revenue |
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|
External sales and other income* |
36,665.03 |
977.87 |
37,642.90 |
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|
Inter segment sales and other income |
– |
– |
– |
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|
Total revenue |
36,665.03 |
977.87 |
37,642.90 |
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* includes Revenue from contracts with customers: ₹ 35,391.52 crore |
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|
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Segment result |
6,905.24 |
976.25 |
7,881.49 |
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|
Finance costs |
39.51 |
– |
39.51 |
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|
Tax expense |
– |
– |
1,781.77 |
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|
Non-controlling interest |
– |
– |
– |
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Profit for the year |
6,865.73 |
976.25 |
6,060.21 |
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|
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Segment assets |
7,552.14 |
21,887.86 |
29,440.00 |
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|
Investments in associate of subsidiary |
4,884.03 |
– |
4,884.03 |
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|
Unallocated corporate assets |
– |
– |
812.42 |
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Total assets |
12,436.17 |
21,887.86 |
35,136.45 |
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|
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Segment liabilities |
5,245.78 |
– |
5,245.78 |
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Unallocated corporate liabilities |
– |
– |
23.74 |
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Total liabilities |
5,245.78 |
– |
5,269.52 |
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|
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Capital employed |
7,190.39 |
21,887.86 |
29,866.93 |
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|
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Reconciliation of segment liabilities |
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Total segment liabilities as above |
5,269.52 |
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Add: Considered as part of capital employed |
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Sales tax deferral |
124.23 |
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|
Deferred tax liabilities |
345.15 |
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|
Government grant (current and non-current) |
36.00 |
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Total liabilities as per balance Sheet |
5,774.90 |
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|
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Capital expenditure |
1,295.75 |
– |
1,295.75 |
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|
Depreciation and write downs |
285.85 |
– |
285.85 |
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|
Non cash expenses other than depreciation |
4.79 |
– |
4.79 |
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|
(b) Geographic segment |
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|
Particulars |
India |
Rest of the world |
Consolidated |
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|
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Segment revenue: External sales and other income |
23,235.61 |
14,407.29 |
37,642.90 |
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Segment assets |
29,180.66 |
5,955.79 |
35,136.45 |
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Capital expenditure |
1,294.76 |
0.99 |
1,295.75 |
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