Note_10

10 Trade receivables

(₹ In Crore)

Particulars

Non-current

Current

As at 31 March

As at 31 March

2026

2025

2026

2025

     

Unsecured, considered good

–

–

3,473.44

2,125.22

Receivables which have significant increase in credit risk

18.43

14.45

162.89

–

     

18.43

14.45

3,636.33

2,125.22

Less: Allowance for bad and doubtful receivable [Note 40]

18.43

14.45

162.89

–

     

–

–

3,473.44

2,125.22

     

The BAIHAG group and its subsidiaries has derecognized trade receivables in connection with the factoring program in accordance with the provisions of IndAS 109. As part of the factoring program, monthly revolving insured trade receivables are sold up to a maximum volume of ₹ 1,054.68 crore. Trade receivables amounting to ₹ 889.49 crore were factored on non recourse basis and were outstanding as at 31 December, 2025. Up to a contractually defined amount, the BAIHAG group and its subsidiaries continues to bear a risk from credit risk-related defaults. At the time of the sale, the expected loss is generally recognized as a liability. The carrying amount of the ongoing exposure amounts to ₹ 26.68 crore and is shown under the other financial liabilities. The carrying amount is the fair value of the ongoing exposure.

     

(₹ In Crore)

Ageing schedule as at 31 March 2026

Outstanding for following periods from due date of payments

Less than 6 months

6 months -1 year

1-2 years

2-3 years

More than 3 years

Total

     

i) Undisputed trade receivables – considered good

3,468.27

0.77

1.67

2.66

0.07

3,473.44

ii) Undisputed trade receivables – which have significant increase in credit risk

60.59

29.70

82.93

0.45

0.70

174.37

iii) Disputed trade receivables – considered good

–

–

–

–

–

–

iv) Disputed trade receivables – which have significant increase in credit risk

0.01

0.14

0.20

–

6.60

6.95

     

3,528.87

30.61

84.80

3.11

7.37

3,654.76

(₹ In Crore)

Ageing schedule as at 31 March 2025

Outstanding for following periods from due date of payments

Less than 6 months

6 months – 1 year

1-2 years

2-3 years

More than 3 years

Total

     

i) Undisputed trade receivables – considered good

2,121.80

0.51

2.84

–

0.07

2,125.22

ii) Undisputed trade receivables – which have significant increase in credit risk

5.33

0.90

0.56

0.56

0.50

7.85

iii) Disputed trade receivables – considered good

–

–

–

–

–

–

iv) Disputed trade receivables – which have significant increase in credit risk

–

–

–

0.02

6.58

6.60

     

2,127.13

1.41

3.40

0.58

7.15

2,139.67