|
7 Other financial assets |
||||||||
|
(₹ In Crore) |
||||||||
|
Particulars |
Non-current |
Current |
||||||
|
As at 31 March |
As at 31 March |
|||||||
|
2025 |
2024 |
2025 |
2024 |
|||||
|
|
||||||||
|
Bank balances [See note 12] |
92.11 |
269.65 |
514.18 |
– |
||||
|
Security deposits * |
31.58 |
28.30 |
– |
– |
||||
|
Interest receivable on investments |
– |
– |
83.97 |
104.32 |
||||
|
Interest receivable on loans, deposits etc. |
– |
– |
8.92 |
0.62 |
||||
|
Mark-to-market gains on derivative instruments ** [See note 35] |
1.14 |
– |
2.51 |
– |
||||
|
Incentives receivable from Government |
– |
– |
986.76 |
295.16 |
||||
|
Other advances |
– |
– |
559.85 |
314.68 |
||||
|
Other receivables |
– |
– |
11.54 |
36.88 |
||||
|
124.83 |
297.95 |
2,167.73 |
751.66 |
|||||
* Security deposits include a sum of ₹ 1.92 crore (previous year ₹ 1.92 crore) against use of premises on a Leave License basis, placed with directors and their relatives, jointly and severally. [see note 41]
** Forward contract receivable are derivative instruments measured at fair value through profit and loss which reflect the positive change in fair value of those foreign exchange forward contracts that are not designated in hedge relationships, but are, nevertheless, intended to reduce the level of foreign currency risk.
Derivative transactions comprises Cross Currency Interest Rate Swaps (CCIRS). The Company undertakes such transactions for hedging interest/foreign exchange risk on borrowings. The Asset Liability Management Committee periodically monitors and reviews the risks involved.
The notional amount for CCIRS represents underlying foreign currency borrowings for which the Company has entered to hedge the variable interest rate and foreign exchange risks.