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Income taxes (Tables)

12 Months Ended

Mar. 31, 2023

Schedule of loss before income taxes

A)

(Loss)/Profit for the year before income taxes are as follows:

		March 31,
		2021				2022				2023
Domestic			64,737				(145,363	)			(353,088	)
Foreign operations			(1,195,519	)			(320,193	)			111,708
Total			(1,130,782	)			(465,556	)			(241,380	)

Summary of components of income tax expense

B)

The major components of income tax expense for the years ended 31 March, 2021, 2022 and 2023 are:

		2021				2022				2023
		March 31,
		2021				2022				2023
Current Period			8,680				14,478				52,046
Current income tax expenses			8,680				14,478				52,046

Origination and reversal of temporary differences			55,416				2,428				(5,258	)
Deferred tax (benefit)/ expense			55,416				2,428				(5,258	)
Total income tax expenses as reported in statement of profit or loss			64,096				16,906				46,788

Reconciliation of tax expense and accounting profit multiplied by tax rate

C)

Reconciliation of tax expense and accounting profit multiplied by tax rate of each jurisdiction in which the Group operates

		2021				2022				2023
		March 31,
		2021				2022				2023
Loss for the year*			(1,194,878	)			(482,462	)			(288,168	)
Income tax expense/(reversal)			64,096				16,906				46,788
Loss before income taxes			(1,130,782	)			(465,556	)			(241,380	)
Expected tax expense at statutory income tax rate			(193,762	)			(105,537	)			32,760
Non-deductible expenses			2,307				17,024				19,074
Utilization of previously unrecognised tax losses			(1,181	)			(13,134	)			(42,671	)
Current year losses for which no deferred tax asset was recognized			159,102				174,746				36,761
Reversal of deferred tax assets recognised in earlier years			77,636				-				-
Change in unrecognised temporary differences			17,297				(58,979	)			209
Effect of change in tax rate											(1,908	)
Others			2,697				2,786				2,563
Total income tax expense			64,096				16,906				46,788

*	Refer to Note A above for breakup of loss before tax into domestic (Parent Company) and foreign operations (subsidiaries).