|
6 Loans |
||||||||
|
(₹ In Crore) |
||||||||
|
Particulars |
Non-current |
Current |
||||||
|
As at 31 March |
As at 31 March |
|||||||
|
2026 |
2025 |
2026 |
2025 |
|||||
|
|
||||||||
|
Employee loans |
0.92 |
1.94 |
1.70 |
2.59 |
||||
|
Loan to related party (see note 42) |
– |
460.44 |
– |
36.84 |
||||
|
Loans (considered good)* |
321.97 |
21.40 |
49.88 |
– |
||||
|
Loans Receivable (financing service business)** |
||||||||
|
Secured term loans to customers under financing (against hypothecation of vehicles) |
10,856.05 |
6,049.87 |
7,978.63 |
3,453.41 |
||||
|
Less: Impairment loss allowance |
291.09 |
82.68 |
94.04 |
27.65 |
||||
|
10,564.96 |
5,967.19 |
7,884.59 |
3,425.76 |
|||||
|
10,887.85 |
6,450.97 |
7,936.17 |
3,465.19 |
|||||
|
* Details of loans |
||||||||||||||
|
(₹ In Crore) |
||||||||||||||
|
Name of party |
Maturity Date |
Rate of Interest p.a. |
Secured/ Unsecured |
Closing balance |
Maximum balance |
|||||||||
|
As at 31 March |
As at 31 March |
|||||||||||||
|
2026 |
2025 |
2026 |
2025 |
|||||||||||
|
|
||||||||||||||
|
Pierer Konzerngesellschaft mBH (PIKO) |
30 Jun 2027 |
9.00% |
Secured |
319.90 |
– |
322.20 |
– |
|||||||
|
Bajaj Auto International Holdings AG (BAIH AG) (Formerly known as 'Pierer Bajaj AG' or 'PBAG') |
31 Dec 2025 |
3-month Euribor + 200 bps |
Unsecured |
– |
36.84 |
– |
71.90 |
|||||||
|
Bajaj Auto International Holdings AG (BAIH AG) (Formerly known as 'Pierer Bajaj AG' or 'PBAG') |
25 Feb 2028 |
12-month Euribor + 800 bps |
Unsecured |
– |
460.44 |
– |
460.44 |
|||||||
|
Yulu Bikes Private Limited |
31 Dec 2026 |
10.6% |
Unsecured |
21.40 |
21.40 |
21.40 |
21.40 |
|||||||
Above Yulu loans have been granted for general corporate purpose in the ordinary course of business. Other loans are pertaining to acquisition & restructuring exercise of KTM entities.
** Financial Business Loan Summary:
a) Summary of EIR impact on loans of financing business
|
(₹ In Crore) |
||||
|
Particulars |
As at 31 March |
|||
|
2026 |
2025 |
|||
|
|
||||
|
Total gross loan |
18,941.95 |
9,577.11 |
||
|
Less: EIR impact |
(107.27) |
(73.83) |
||
|
Total for gross term loan net of EIR impact |
18,834.68 |
9,503.28 |
||
b) Summary of loans by stage distribution
|
Particulars |
As at 31 March 2026 |
|||||||
|
Stage 1 |
Stage 2 |
Stage 3 |
Total |
|||||
|
|
||||||||
|
Gross carrying amount |
17,996.55 |
488.92 |
349.21 |
18,834.68 |
||||
|
Less: Impairment loss allowance |
(172.38) |
(49.63) |
(163.12) |
(385.13) |
||||
|
Net carrying amount |
17,824.17 |
439.29 |
186.09 |
18,449.55 |
||||
|
Particulars |
As at 31 March 2025 |
|||||||
|
Stage 1 |
Stage 2 |
Stage 3 |
Total |
|||||
|
|
||||||||
|
Gross carrying amount |
9,240.92 |
186.28 |
76.08 |
9,503.28 |
||||
|
Less: Impairment loss allowance |
(55.46) |
(20.65) |
(34.22) |
(110.33) |
||||
|
Net carrying amount |
9,185.46 |
165.63 |
41.86 |
9,392.95 |
||||
c) Analysis of changes in the gross carrying amount and corresponding ECL allowances in relation to loans:
|
Particulars |
For the year ended 31 March 2026 |
|||||||||||||||
|
Stage 1 |
Stage 2 |
Stage 3 |
Total |
|||||||||||||
|
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
|||||||||
|
|
||||||||||||||||
|
As at 1 April 2025 |
9,240.92 |
55.44 |
186.29 |
20.66 |
76.08 |
34.24 |
9,503.29 |
110.34 |
||||||||
|
Transfer during the Year |
||||||||||||||||
|
transfer to Stage 1 |
19.80 |
1.88 |
(19.18) |
(1.66) |
(0.62) |
(0.22) |
– |
– |
||||||||
|
transfer to Stage 2 |
(380.72) |
(3.58) |
380.98 |
3.67 |
(0.26) |
(0.09) |
– |
– |
||||||||
|
transfer to Stage 3 |
(495.36) |
(5.91) |
(146.05) |
(17.35) |
641.41 |
23.26 |
– |
– |
||||||||
|
(856.28) |
(7.61) |
215.75 |
(15.34) |
640.53 |
22.95 |
– |
– |
|||||||||
|
Impact of Chage in Credit Risk on Account of Stage movement |
– |
(1.74) |
– |
24.35 |
– |
296.59 |
– |
319.20 |
||||||||
|
New credit exposures net of repayments |
12,778.73 |
119.20 |
187.22 |
20.50 |
74.04 |
31.86 |
13,039.99 |
171.56 |
||||||||
|
Repayment net of additional disbursement |
(3,166.82) |
7.09 |
(100.34) |
(0.54) |
(191.63) |
27.29 |
(3,458.79) |
33.84 |
||||||||
|
Amount written off during the year |
– |
– |
– |
– |
(249.81) |
(249.81) |
(249.81) |
(249.81) |
||||||||
|
As at 31 March 2026 |
17,996.55 |
172.38 |
488.92 |
49.63 |
349.21 |
163.12 |
18,834.68 |
385.13 |
||||||||
|
Particulars |
For the year ended 31 March 2025 |
|||||||||||||||
|
Stage 1 |
Stage 2 |
Stage 3 |
Total |
|||||||||||||
|
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
Term loan (Gross) |
Impairment loss allowance |
|||||||||
|
|
||||||||||||||||
|
As at 1 April 2024 |
710.69 |
3.08 |
0.15 |
0.01 |
– |
– |
710.84 |
3.09 |
||||||||
|
Transfer during the Year |
||||||||||||||||
|
transfer to Stage 1 |
0.01 |
– |
(0.01) |
– |
– |
– |
– |
– |
||||||||
|
transfer to Stage 2 |
(24.31) |
(0.11) |
24.31 |
0.11 |
– |
– |
– |
– |
||||||||
|
transfer to Stage 3 |
– |
– |
– |
– |
– |
– |
– |
– |
||||||||
|
(24.30) |
(0.11) |
24.30 |
0.11 |
– |
– |
– |
– |
|||||||||
|
|
||||||||||||||||
|
Impact of Chage in Credit Risk on Account of Stage movement |
– |
– |
– |
1.95 |
– |
15.79 |
– |
17.74 |
||||||||
|
New credit exposures net of repayments |
8,781.67 |
51.46 |
165.92 |
18.58 |
91.99 |
57.29 |
9,039.58 |
127.33 |
||||||||
|
Repayment net of additional disbursement |
(227.14) |
1.03 |
(4.09) |
– |
23.13 |
0.18 |
(208.10) |
1.21 |
||||||||
|
Amount written off during the year |
– |
– |
– |
– |
(39.04) |
(39.04) |
(39.04) |
(39.04) |
||||||||
|
As at 31 March 2025 |
9,240.92 |
55.46 |
186.28 |
20.65 |
76.08 |
34.22 |
9,503.28 |
110.33 |
||||||||
Break-up of financial business loans details:
|
(₹ In Crore) |
||||
|
Particulars |
As at 31 March |
|||
|
2026 |
2025 |
|||
|
|
||||
|
Loans considered good – Secured |
17,996.55 |
9,240.92 |
||
|
Loans considered good – unsecured |
– |
– |
||
|
Loans with significant increase in credit risk |
488.92 |
186.28 |
||
|
Loans – credit impaired |
349.21 |
76.08 |
||
|
Subtotal |
18,834.68 |
9,503.28 |
||
|
Loss allowance |
(385.13) |
(110.33) |
||
|
Total |
18,449.55 |
9,392.95 |
||
See note 40 for disclosures related to credit risk, impairment of financial services receivables under expected credit loss model and related disclosure.