Deferred tax liabilities (net) - Annual Report 2024-25

St_Notes17

17 Deferred tax liabilities (net)
(₹ In Crore)
Particulars	As at 31 March
Particulars	2025	2024

Deferred tax liabilities
On account of timing difference in
Property, plant and equipment	198.06	178.56

Employee benefits:
Defined benefit plans provisions – P&L	4.06	10.09
Defined benefit plans provisions – OCI	1.10	0.42

Financial instruments:
Mutual funds including fixed maturity plans, ETFs	502.47	194.83
Fair valuation of derivative hedging contracts	4.03	–
Financial assets at FVTOCI	479.09	210.41
	985.59	405.24
Gross deferred tax liabilities	1,188.81	594.31

Deferred tax assets
On account of timing difference in
Employee benefits:
Welfare scheme costs and others	0.11	0.21
Bonus provisions	1.72	1.72
Provision for privilege leave etc.	33.42	37.22
Defined benefit plans provisions – P&L	–	–
Defined benefit plans provisions – OCI	–	5.28
	35.25	44.43
Financial instruments:
Amortisation on acquisition/liquidation of fixed income securities	13.77	24.94

Other items:
Provision for bad/doubtful debts and advances	4.65	5.89
Taxes, duties, others etc.	12.11	12.11
	16.76	18.00
Gross deferred tax assets	65.78	87.37

	1,123.03	506.94

Movement in deferred tax liabilities (net):
(₹ In Crore)
Particulars		Property, plant and equipment	Financial instruments	Employee benefits	Other items	Total

At 31 March 2023		149.60	259.61	(40.07)	(23.99)	345.15
Charged/(credited)
–	to profit and loss	28.96	27.45	(2.78)	5.99	59.62
–	to other comprehensive income	–	93.24	8.93	–	102.17
At 31 March 2024		178.56	380.30	(33.92)	(18.00)	506.94
Charged/(credited)
–	to profit and loss	19.50	322.84	(2.13)	1.24	341.45
–	to other comprehensive income	–	268.68	5.96	–	274.64
At 31 March 2025		198.06	971.82	(30.09)	(16.76)	1,123.03