Page 217 - Index

Mission-Critical Decisions, Made with Confidence.
Net employee benefit expense recognised in Statement of Profit and Loss and OCI:
Particulars Year ended
December 31, 2024
(C lakh)
Year ended
December 31, 2023
Employee benefits expense
Current service cost 1,051 940
Interest cost on defined benefit obligation 297 256
Adjustment (17) (1)
Net impact on profit (before tax) 1,331 1,195
Remeasurement of the net defined benefit plans:
Re-measurement - actuarial (gain)/loss 466 144
Financial Statements
Expected return on plan assets 16 (29)
Adjustment - -
Net impact on OCI (before tax) 482 115
Balance Sheet:
Details of provision for gratuity benefit
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Present value of funded obligations 8,461 7,090
Fair value of plan assets (3,320) (2,291)
Net liability 5,141 4,799
Changes in the present value of the defined benefit obligation are as follows:
Particulars Opening defined benefit obligation 7,090 6,299
Current service cost 1,051 940
Interest cost 493 442
Acquisitions (credit)/ cost 9 6
Actuarial (gain)/loss- experience 74 144
Actuarial (gain)/loss- demograpic assumptions -
As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Changes in the fair value of plan assets are as follows:
Particulars Actuarial (gain)/loss- financial assumptions 392 (1)
Exchange gain (14) (2)
Benefits directly paid by the Group entities (4) (33)
Benefits paid (630) (705)
Closing defined benefit obligation 8,461 7,090
As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Opening fair value of plan assets 2,291 2,734
Interest income on plan assets 186 187
Contribution by employer 1,489 47
Return on plan assets greater / (lesser) than discount rate recognised in OCI (16) 29
Benefits paid (630) (706)
Closing fair value of plan assets 3,320 2,291
Annual Report 2024
215