Consolidated Statement of Changes in Equity |
||||||
A. Equity share capital |
||||||
(₹ In Crore) |
||||||
Particulars |
Note No. |
For the year ended 31 March |
||||
2023 |
2022 |
|||||
|
||||||
At the beginning of the year |
289.37 |
289.37 |
||||
Changes in equity share capital due to prior period errors |
– |
– |
||||
Restated balance at the beginning of the current reporting period |
289.37 |
289.37 |
||||
Changes in equity share capital |
(6.41) |
– |
||||
At the end of the year |
282.96 |
289.37 |
B. Other equity |
||||||||||||||||||||||||||||
(₹ In Crore) |
||||||||||||||||||||||||||||
Particulars |
Note No. |
Attributable to owners |
Total other equity |
Non-controlling interest |
||||||||||||||||||||||||
Reserves and surplus |
Other reserves |
Treasury shares |
||||||||||||||||||||||||||
General reserve |
Retained earnings |
Cash flow hedging reserve |
Costs of hedging reserve |
Foreign exchange difference of subsidiary on paid-up capital |
Foreign currency translation reserve |
FVTOCI reserve |
Capital Reserve |
Capital redemption reserve |
Share based payments reserve |
|||||||||||||||||||
|
||||||||||||||||||||||||||||
Balance as at 31 March 2021 |
5,887.60 |
20,357.85 |
148.90 |
(58.06) |
0.27 |
574.30 |
88.43 |
– |
– |
16.91 |
(32.14) |
26,984.06 |
0.01 |
|||||||||||||||
Profit for the year |
– |
6,165.87 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
6,165.87 |
– |
|||||||||||||||
Recognition of share based payments to employees |
– |
– |
– |
– |
– |
– |
– |
– |
– |
15.36 |
– |
15.36 |
– |
|||||||||||||||
Recognition of capital reserve on consolidation |
– |
– |
– |
– |
– |
– |
– |
63.14 |
– |
– |
– |
63.14 |
– |
|||||||||||||||
Other comprehensive income (net of tax) |
– |
36.94 |
(94.57) |
63.99 |
0.01 |
(113.99) |
537.98 |
– |
– |
– |
– |
430.36 |
– |
|||||||||||||||
Total comprehensive income for the year ended 31 March 2022 |
– |
6,202.81 |
(94.57) |
63.99 |
0.01 |
(113.99) |
537.98 |
63.14 |
– |
15.36 |
– |
6,674.73 |
– |
|||||||||||||||
|
||||||||||||||||||||||||||||
Transactions with owners in their capacity as owners |
||||||||||||||||||||||||||||
Transfer from Retained earnings to General reserve |
502.00 |
(502.00) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
|||||||||||||||
Treasury shares held by ESOP Trust |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
(37.37) |
(37.37) |
– |
|||||||||||||||
Final dividend for the year ended 31 March 2021 |
– |
(4,051.14) |
– |
– |
– |
– |
– |
– |
– |
(4,051.14) |
– |
|||||||||||||||||
Balance as at 31 March 2022 |
6,389.60 |
22,007.52 |
54.33 |
5.93 |
0.28 |
460.31 |
626.41 |
63.14 |
– |
32.27 |
(69.51) |
29,570.28 |
0.01 |
|||||||||||||||
|
||||||||||||||||||||||||||||
Profit for the year |
– |
6,060.21 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
6,060.21 |
– |
|||||||||||||||
Recognition of share based payments to employees |
– |
– |
– |
– |
– |
– |
– |
– |
– |
29.82 |
– |
29.82 |
– |
|||||||||||||||
Other comprehensive income (net of tax) |
– |
10.53 |
(54.33) |
(5.93) |
0.01 |
301.91 |
300.72 |
– |
– |
– |
– |
552.91 |
– |
|||||||||||||||
Total comprehensive income for the year ended 31 March 2023 |
– |
6,070.74 |
(54.33) |
(5.93) |
0.01 |
301.91 |
300.72 |
– |
– |
29.82 |
– |
6,642.94 |
– |
|||||||||||||||
|
||||||||||||||||||||||||||||
Transactions with owners in their capacity as owners |
||||||||||||||||||||||||||||
Recognition of capital redemption reserve |
– |
(6.41) |
– |
– |
– |
– |
– |
– |
6.41 |
– |
– |
– |
– |
|||||||||||||||
Treasury shares held by ESOP Trust |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
5.78 |
5.78 |
– |
|||||||||||||||
Final dividend for the year ended 31 March 2022 |
– |
(4,051.14) |
– |
– |
– |
– |
– |
– |
– |
(4,051.14) |
– |
|||||||||||||||||
Transaction costs on issue of shares |
– |
(1.81) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
(1.81) |
– |
|||||||||||||||
Share buyback and tax thereon |
– |
(3,087.47) |
– |
– |
– |
– |
– |
– |
– |
– |
– |
(3,087.47) |
– |
|||||||||||||||
Balance as at 31 March 2023 |
6,389.60 |
20,931.43 |
– |
– |
0.29 |
762.22 |
927.13 |
63.14 |
6.41 |
62.09 |
(63.73) |
29,078.58 |
0.01 |
|||||||||||||||
Note: There are no changes in accounting policies or prior period errors during the current or previous year. |
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Summary of significant accounting policies followed by the Group |
The accompanying notes are an integral part of the consolidated financial statements |
On behalf of the Board of Directors |
|
As per our report of even date |
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For S R B C & CO LLP Chartered Accountants ICAI Firm Registration Number: 324982E/E300003 |
Niraj Bajaj Chairman (DIN: 00028261) |
|
Dinesh Thapar Chief Financial Officer |
Rajiv Bajaj Managing Director (DIN: 00018262) |
|
per Arvind Sethi Partner Membership Number: 089802 Pune: 25 April 2023 |
Dr. J Sridhar Company Secretary |
Anami N. Roy Chairman – Audit Committee (DIN: 01361110) |