Deferred tax assets and liabilities

12 Months Ended

Mar. 31, 2025

Disclosure Of Deferred tax assets and liabilities [Abstract]

11.

Deferred tax assets and liabilities

The tax effects of significant temporary differences that resulted in deferred tax assets and a description of the items that created these differences is given below

Recognized deferred tax assets / (liabilities)				Assets / (liabilities)
	March 31, 2025			March 31, 2024
Deductible temporary difference
Property, Plant and Equipment		1,095,479			974,835
Lease obligations on right of use assets		184,408			181,500
Provision for employee benefits		52,635			48,879
Accounts receivable		145,831			131,197
Payment to the MSME Vendors		10,934			10,934
Provision for Doubtful Advances		22,819			22,819
		1,512,106			1,370,164
Taxable temporary difference
Intangible assets		(86,529	)		(144,273	)
Finance Lease obligations		(28,456	)		(28,571	)
		(114,985	)		(172,844	)

Net deferred tax asset (liability) recognized in Balance Sheet		1,397,121			1,197,320

In assessing the realizability of deferred tax assets, management considers whether some portion or all of deferred tax assets will not be realized. The ultimate realization of deferred tax assets and tax loss carry forwards is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategy in making this assessment. Based on the level of historical taxable income and projections of future taxable income over the periods in which deferred tax assets are deductible, management believes that the Group will realize the benefits of those recognized deductible differences. The amount of deferred tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income are reduced.

Movement in temporary differences during the year

	Balance as of March 31, 2023			Recognized in income statement			Recognized in Equity / Balance sheet		Balance as of March 31, 2024			Recognized in income statement		Recognized in Equity / Balance sheet	Balance as of March 31, 2025
Property, plant and equipment		714,742			260,093			-		974,835			120,644			1,095,479
Intangible assets		(133,829	)		(10,444	)		-		(144,273	)		57,744			(86,529	)
Lease obligations on right of use assets		147,614			33,886			-		181,500			2,908			184,408
Finance Lease obligations		(34,145	)		5,574			-		(28,571	)		115			(28,456	)

Payment to MSME Vendors					10,934			-		10,934			-			10,934
Provision for employee benefits		45,421			3,458			-		48,879			3,756			52,635
Accounts receivable		104,658			26,539			-		131,197			14,634			145,831
Provision for		-								-						-
Doubtful Advances		21,177			1,642			-		22,819			-			22,819

Unrecognized deferred tax assets / (liabilities)

	As of March 31, 2025		As of March 31, 2024
Deductible temporary differences		-		-
Unrecognized tax losses		-		262,600
		-		262,600

Considering the probability of availability of future taxable profits in the period in which tax losses expire, deferred tax assets have not been recognized in respect of tax losses carried forward by the Group. The above tax losses expire at various years.

Income tax expense recognized in profit or loss

	March 31, 2025			March 31, 2024			March 31, 2023
Current tax expense / (benefit)
Current period		698,346			514,847			525,942

Deferred tax expense / (benefit)
Origination and reversal of temporary differences		(199,800	)		(331,747	)		(179,443	)

Total income tax expense / (benefit)		498,546			183,100			346,499

There are no income taxes directly recognized in other comprehensive income.

Reconciliation of effective tax rate

A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before taxes is summarized below:

	Year ended March 31, 2025			Year ended March 31, 2024			Year ended March 31, 2023
Profit/(Loss) before income taxes		(286,412	)		352,039			1,021,021
Enacted tax rates in India		25.17	%		25.17	%		25.17	%
Computed expected tax expense / (benefit)		(72,090	)		88,608			256,991
Effect of:
Recognition of previously unrecognised deferred tax asset on temporary differences		-			(1,735	)		(42,500	)
Difference on account differential tax rates in different jurisdictions		49,300			(22,852	)		18,519
Effect of Unrecognised business loss including reversal of previously recognised DTA on business loss		382,637			157,100			105,500
Expenses/income not taxable
Effect of expenses that are not deductible in determining taxable profit		32,500			26,963			1,700
Utilisation of previously unrecognised temporary differences		57,600			-			-
Permanent difference on account of coupon charges on CCDs		-			(30,205	)		43
Others		48,599			(34,779	)		6,246
		498,546			183,100			346,499