Page 263 - Index

Mission-Critical Decisions, Made with Confidence.
9.1 9.2 9.3 Includes deemed investment on account of share based payment recharge to employees of subsidiary companies.
The total dividend recognised pertaining to FVTOCI instruments for the year ended December 31, 2024 was C 472 lakh
(Previous year: C 839 lakh). The Company recognises dividend in statement of profit and loss under the head ‘other
income’.
‘-*’ in amounts column denote amounts less than C 50,000.
10. Other financial assets (Non-current)
Particulars Financial Statements
As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Unsecured, considered good, unless otherwise stated
Security deposits 1,653 1,254
Interest accrued on fixed deposits 2 1
Other bank balances
Deposits with remaining maturity of more than twelve months 108 21
{Deposit includes fixed deposits with banks C 36 lakh (Previous year: C 20 lakh)
marked as lien for guarantees issued by banks on behalf of the Company}
Total 1,763 1,276
11. Income tax
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Total income tax expense recognised in current year 8,954 Current tax 8,125 10,105
Deferred tax 829 (593)
9,512
The tax year for the Company being the year ending March 31, 2025, the tax expense for the year is the aggregate of the
provision made for the three month period ended March 31, 2024 and the provision for the nine month period ended
December 31, 2024. The tax provision for the nine month period has been calculated seperately.
The reconciliation between the provision of income tax of the Company and amounts computed by applying the Indian
statutory income tax rate to profit before taxes is summarised below:
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Profit before tax 70,542 76,338
Enacted income tax rate in India for fiscal year ended March 31, 2025 and March 31,
2024 (in %).
25.168% 25.168%
Computed expected tax expense 17,754 19,213
Effect of:
Income not chargable to tax (including non-taxable income) (9,006) (9,827)
196 129
Tax expense/(reversal) of prior years 11 20
Others (1) (23)
Total income tax expense recognised in the statement of profit and loss Expenses that are not deductible in determining taxable profit 8,954 9,512
Annual Report 2024
261