Statement of Profit and Loss Note_22

22 Revenue from operations

(₹ In Crore)

Particulars

For the year ended 31 March

2023

2022

   

Revenue from operations

Revenue from contracts with customers

Sale of products*

35,359.15

32,135.98

   

Other operating revenue

Scrap sales

28.74

29.25

Export incentives

469.33

551.27

PSI

45.04

30.50

Royalty

231.95

174.58

Technical know how fees

2.65

Rent [See note 40]

40.17

26.67

Insurance claims

1.19

0.49

Miscellaneous receipts

158.57

91.86

Government grants

2.65

2.65

Interest income on financial services to dealers

90.81

98.81

1,068.45

1,008.73

36,427.60

33,144.71

    

* This includes Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II subsidy receivable on sale of eligible products from Central and State Government amounting to ₹ 157.83 crore (31 March 2022: ₹ 35.24 crore).

Revenue from contracts with customers (Goods transferred at a point in time)

India

20,901.08

15,201.89

Outside India

14,458.07

16,934.09

Total revenue from contracts with customers

35,359.15

32,135.98

   

Reconciling the amount of revenue recognised in the Statement of Profit and Loss with the contracted price

Revenue as per contracted price

35,676.86

32,407.71

Adjustments:

Cash discounts and target incentives

(309.62)

(242.90)

Sales promotion expenses

(8.09)

(28.83)

Revenue from contracts with customers

35,359.15

32,135.98