Financial Risk Management (Tables)

12 Months Ended

Mar. 31, 2021

Disclosure of financial risk management [Abstract]

Disclosure of credit risk exposure [text block]

The maximum exposure to credit risk as of March 31, 2021 and 2020 was as follows:

	March 31, 2021		March 31, 2020
Cash and cash equivalents		5,502,055		2,651,085
Other assets		375,802		350,972
Trade receivables		8,520,118		9,631,400
Other receivables		79,830		139,122
Other investments		212,238		211,972
		14,690,043		12,984,551

Disclosure of financial assets that are either past due or impaired [text block]

The ageing of trade receivables, net of allowances, is given below: 

Period (in days)	March 31, 2021		March 31, 2020
Less than 365 days		7,849,050		8,013,316
More than 365 days		671,068		1,618,084
		8,520,118		9,631,400

Disclosure of maturity analysis for non-derivative financial liabilities [text block]

The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements:

As of March 31, 2021

	Carrying amount		Contractual cash flows		0-12 months		1-3 years		3-5 years		>5 years
Non-derivative financial liabilities
Bank overdrafts		123,666		123,666		123,666		-		-		-
Lease liabilities		2,202,649		4,112,926		539,700		846,466		564,160		2,162,600
Other liabilities		216,284		216,284		216,284		-		-		-
Borrowing from banks		7,174,373		7,790,696		5,139,600		1,947,856		703,311		-
Borrowings from others		2,234,856		2,392,608		1,032,130		726,739		133,783		500,000
Trade and other payables		8,185,844		8,185,844		8,185,844		-		-		-
		20,137,672		22,822,024		15,237,224		3,521,061		1,401,254		2,662,600

As of March 31, 2020

	Carrying amount		Contractual cash flows		0-12 months		1-3 years		3-5 years		>5 years
Non-derivative financial liabilities
Bank overdrafts		1,235,558		1,235,558		1,235,558		-		-		-
Lease liabilities		1,826,210		2,967,267		464,548		610,652		408,237		1,483,830
Other liabilities		77,746		77,746		77,746		-		-		-
Borrowing from banks		5,985,627		6,611,502		3,533,733		2,214,884		862,885		-
Borrowings from others		2,125,337		2,370,448		1,341,784		1,005,697		22,967		-
Trade and other payables		8,366,215		8,366,215		8,366,215		-		-		-
		19,616,693		21,628,736		15,019,584		3,831,233		1,294,089		1,483,830

Disclosure of market risk [text block]

The Group’s exposure to foreign currency risk as of March 31, 2021 was as follows:

All amounts in respective currencies as mentioned (in thousands)

	US $			AUD			CHF		EUR			GBP		DHS			HK $			SG $
Cash and cash equivalents		3,066			-			-		-			109		-			-			-
Trade receivables		28,648			-			-		62			28		-			-			-
Trade payables		(25,065	)		(14	)		-		(48	)		-		(30	)		(59	)		-
Foreign currency loan		(8,225	)		-			-		-			-		-			-			-
Net balance sheet exposure		(1,576	)		(14	)		-		14			137		(30	)		(59	)		-

The Group’s exposure to foreign currency risk as of March 31, 2020 was as follows:

All amounts in respective currencies as mentioned (in thousands) 

	US $			AUD		CHF			EUR			GBP		DHS			HK $			SG $
Cash and cash equivalents		3,173			-		-			-			108		-			-			-
Trade receivables		17,406			-		-			47			40		-			-			-
Trade payables		(9,366	)		-		(1	)		(26	)		7		(51	)		(3	)		(51	)
Foreign currency loan		(9,688	)		-		-			-			-		-			-			-
Net balance sheet exposure		1,525			-		(1	)		21			155		(51	)		(3	)		(51	)

Sensitivity analysis for types of market risk [text block]

The analysis is performed on the same basis for 2020.

	Other comprehensive income		Profit or ( loss)
March 31, 2021		-		10,122
March 31, 2020		-		12,001

Disclosure of financial instruments by type of interest rate [text block]

At the reporting date the interest rate profile of the Group’s interest –bearing financial instruments were as follows:

	Carrying amount
	March 31, 2021		March 31, 2020
Fixed rate instruments
Financial assets
- Fixed deposits with banks		3,049,337		548,348
- Investment in debt securities		210,510		210,262
Financial liabilities
- Borrowings from banks		245,874		308,748
- Borrowings from others		2,522,919		2,221,885
Variable rate instruments
Financial liabilities
- Borrowings from banks		6,928,399		5,676,879
- Bank overdrafts		123,566		1,235,558

Disclosure of detailed information about the changes in equity and net profit due to changes in base points of variable interest [text block]

The analysis has been performed on the same basis as 2020.

	Equity		Profit or (loss)
March 31, 2021		-		(43,823	)
March 31, 2020		-		(56,244	)