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Employee benefits (Tables)
12 Months Ended
Mar. 31, 2025
Disclosure Of Employee Benefits [Abstract]  
Disclosure of detailed information about employee benefits [text block]
 
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Gratuity payable
 
 
47,201
 
 
 
25,132
 
 
 
27,733
 
Compensated absences
 
 
153,670
 
 
 
134,817
 
 
 
102,170
 
 
 
 
200,871
 
 
 
159,949
 
 
 
129,903
 
*Represents provision based on Actuarial Valuation.

Disclosure of detailed information about costs recognized in results to increase or decrease in net defined benefit liability asset [text block]
The components of gratuity costs recognized in the consolidated income statement for the years ending March 31, 2025, 2024, and March 31, 2023 consist of the following:
 
 
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Service cost
 
 
69,828
 
 
 
62,318
 
 
 
47,050
 
Interest cost
 
 
27,329
 
 
 
21,854
 
 
 
13,926
 
Interest income
 
 
(25,511
)
 
 
(20,157
)
 
 
(8,788
)
 
 
 
71,646
 
 
 
64,015
 
 
 
52,188
 
Disclosure of defined benefit plans [text block]
Details of employee benefit obligation and plan asset are as follows:
 
 
 
March 31, 2025
 
 
March 31, 2024
 
Projected benefit obligation at the end of the year
 
 
445,864
 
 
 
382,492
 
Plan assets at the end of the year
 
 
(398,663
)
 
 
(357,360
)
Funded status amount of liability recognised in the Balance Sheet
 
 
47,201
 
 
 
25,132
 
Disclosure of net defined benefit liability (asset) [text block]
The following table set out the status of the gratuity plan:
 
Change in defined benefit obligation
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Projected benefit obligation at the beginning of the year
 
 
382,492
 
 
 
298,903
 
 
 
216,006
 
Service cost
 
 
69,828
 
 
 
62,318
 
 
 
47,050
 
Interest cost
 
 
27,329
 
 
 
21,854
 
 
 
13,926
 
Remeasurements - Actuarial (gain) / loss
 
 
7,836
 
 
 
21,184
 
 
 
47,703
 
Benefits paid
 
 
(41,621
)
 
 
(21,767
)
 
 
(25,782
)
Projected benefit obligation at the end of the  year
 
 
445,864
 
 
 
382,492
 
 
 
298,903
 
Disclosure of fair value of plan assets [text block]
Change in plan assets
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Fair value of plan assets at the beginning of the year
 
 
357,360
 
 
 
271,170
 
 
 
138,180
 
Interest income
 
 
25,511
 
 
 
20,157
 
 
 
8,788
 
Employer contributions
 
 
52,884
 
 
 
86,289
 
 
 
157,682
 
Benefits paid
 
 
(41,621
)
 
 
(21,767
)
 
 
(25,342
)
Return on plan assets, excluding amount recognised in net interest expense
 
 
4,529
 
 
 
1,511
 
 
 
(8,138
)
Fair value of plan assets at the end of the year
 
 
398,663
 
 
 
357,360
 
 
 
271,170
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual return on plan assets
 
 
30,040
 
 
 
21,668
 
 
 
650
 
Disclosure of actuarial assumptions [text block]
The principal actuarial assumptions as on March 31, 2025, 2024, and 2023 were as follows:
 
 
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Discount rate
 
 
6.65
% p.a.
 
 
7.15
% p.a.
 
 
7.30
% p.a.
Expected long term rate of return on plan assets
 
 
8
%
 
 
8
%
 
 
8
%
Average future working lifetime
 
 
21.67 years
 
 
 
21.46 years
 
 
 
21.68 years
 
Disclosure of information about maturity profile of defined benefit obligation [text block]
The expected benefit payments to be made in the next few years are as under:
 
Year
 
March 31, 2025
 
 
March 31, 2024
 
1 Year
 
 
79,980
 
 
 
72,898
 
2 to 5 years
 
 
276,238
 
 
 
237,283
 
6 to 10 years
 
 
176,697
 
 
 
157,127
 
More than 10 years
 
 
97,318
 
 
 
86,437
 
Disclosure of detailed information about weighted average allocation of assets [text block]
Plan assets:
The Gratuity plan’s weighted-average asset allocation on March 31, 2025 and March 31, 2024, by asset category is as follows:
 
 
 
March 31, 2025
 
 
March 31, 20
24
 
Funds managed by insurers
 
 
100
%
 
 
100
%
Disclosure of detailed information about gain or relating to actuarial assumptions recognized in other comprehensive income [text block]
Amount recognized in other comprehensive income for the years ending March 31, 2025, 2024, and 2023 are as follows:
 
 
 
March 31, 2025
 
 
March 31, 2024
 
 
March 31, 2023
 
Remeasurements of the net defined benefit liability
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial (gain)/loss
 
 
 
 
 
 
 
 
 
 
 
 
-    Change in demographic assumptions
 
 
-
 
 
 
-
 
 
 
(4,966
)
-    change in financial assumptions
 
 
9,945
 
 
 
2,556
 
 
 
24,823
 
-    experience variance
 
 
(2,109
)
 
 
18,628
 
 
 
27,747
 
-    return on plan assets, excluding amounts  recognized in net interest expense/ income
 
 
(4,529
)
 
 
(1,511
)
 
 
8,179
 
 
 
 
3,307
 
 
 
19,673
 
 
 
55,783
 
Disclosure of sensitivity analysis for actuarial assumptions [text block]
Sensitivity analysis for the defined benefit obligations will increase/ decrease by the amounts mentioned below if there is a variation of 100 basis points in the discount rate and salary escalation rate.
 
 
 
Discount rate
 
 
Salary escalation rate
 
 
 
Decrease by
100 bps
(₹ ‘000s)
 
 
 
 
 
 
Increase by 100 bps
(₹ ‘000s)
 
 
 
 
Decrease by
100 bps
(₹ ‘000s)
 
 
 
 
 
 
Increase by
100 bps
(₹ ‘000s)
 
 
 
Present Value of Defined Benefit Obligation
 
 
467,022
 
 
 
426,387
 
 
 
428,561
 
 
 
463,976