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Financial instruments (Tables)
 12 Months Ended
Mar. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Carrying value and fair value of financial instruments
Financial instruments by category
 
The carrying value and fair value of financial instruments as of March 31, 2022 and 2021, respectively were as follows:
 
 
 
As of March 31, 2022
 
 
As of March 31, 2021
 
   
Total carrying
value
  
 
Total fair value
 
  
Total carrying
value
  
 
Total fair value
 
Assets:
                        
Cash and cash equivalents   Rs. 14,852     Rs. 14,852     Rs. 14,829     Rs. 14,829  
Other investments
     33,181       33,181       24,702       24,702  
Trade and other receivables     66,818       66,818       49,759       49,759  
Derivative financial instruments     1,906       1,906       1,218       1,218  
Other assets
(
1
)
     2,347       2,347       2,626       2,626  
Total
 
Rs.
119,104
 
 
Rs.
119,104
 
 
Rs.
93,134
 
 
Rs.
93,134
 
Liabilities:
                                
Trade and other payables   Rs. 25,572     Rs. 25,572     Rs. 23,744     Rs. 23,744  
Derivative financial instruments     479       479       326       326  
Long-term borrowings     6,763       6,763       7,163       7,163  
Short-term borrowings     27,082       27,082       23,136       23,136  
Bank overdraft     -       -       9       9  
Other liabilities and provisions
(
2
)
     26,238       26,238       23,233       23,233  
Total
 
Rs.
86,134
 
 
Rs.
86,134
 
 
Rs.
77,611
 
 
Rs.
77,611
 
 
(
1
)
 Other assets that are not financial assets (such as receivables from statutory authorities, export benefit receivables, prepaid expenses, advances paid and certain other receivables) of Rs.12,449 and Rs.12,717 as of March 31, 2022 and 2021, respectively, are not included.
(
2
)
            
Other liabilities and provisions:
Other liabilities and provisions that are not financial liabilities (such as statutory dues payable, deferred revenue, advances from customers and certain other accruals) of Rs.
14,491
and Rs.13,091 as of March 31, 2022 and 2021, respectively, are not included.
Amounts as of March 31, 2021 includes contingent consideration of Rs.420
pursuant to the Business Transfer Agreement with Wockhardt Limited (Refer to Note 6 for details).
 
 
Amounts as of March 31, 2022 includes consideration payable of Rs.84 pursuant to the Acquisition of Nimbus Health, GmbH (Refer to Note 6 for details).
Disclosure of detailed information about Fair Value Measurement Of Assets And Liabilities
The following table presents the fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as of March 31, 2022:
 
Particulars
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
 
FVTPL - Financial asset - Investments in units of mutual funds   Rs. 16,751     Rs. -     Rs. -     Rs. 16,751  
FVTPL - Financial asset - Investment in limited liability partnership firm     -       -       386       386  
FVTPL - Financial asset - Investments in equity securities     200       -       1       201  
FVTOCI - Financial asset - Investments in equity securities     999       -       -       999  
Derivative financial instruments – net gain/(loss) on outstanding foreign exchange forward, option and swap contracts and interest rate swap contracts
(1)
     -       1,427       -       1,427  
 
The following table presents the fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as of March 31, 2021:
 
Particulars
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
 
FVTPL - Financial asset - Investments in units of mutual funds   Rs. 13,263     Rs. -     Rs. -     Rs. 13,263  
FVTPL - Financial asset - Investment in limited liability partnership firm     -       -       400       400  
FVTPL - Financial asset - Investments in equity securities     -       -       1       1  
FVTOCI - Financial asset - Investments in equity securities     4,532       -       -       4,532  
Derivative financial instruments – net gain/(loss) on outstanding foreign exchange forward, option and swap contracts and interest rate swap contracts
(1)
     -       892       -       892  
FVTPL- Contingent consideration pursuant to the Business Transfer Agreement with Wockhardt Limited
(Refer to Note 6 for details)
     -       -       420       420  
(1)
 
 The Company enters into derivative financial instruments with various counterparties, principally financial institutions and banks. Derivatives
wh
ich are
valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward option and swap contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black-Scholes-Merton models (for option valuation), using present value calculations. The models incorporate various inputs, including foreign exchange forward rates, interest rate curves and forward rate curves.
Disclosure of detailed information about of gain/loss recognized in Respect of derivative contracts
The following table presents details in respect of the gain/(loss) recognized in respect of derivative contracts during the applicable year ended:
 
 
 
For the Year Ended March 31,
 
 
 
2022
 
 
2021
 
 
2020
 
Net gain/(loss) recognized in finance costs in respect of foreign exchange derivative contracts and cross currency interest rate swaps contracts   Rs. (435 )   Rs. 2,619     Rs. 155  
Net gain/(loss) recognized in equity in respect of hedges of highly probable forecast transactions, net of amounts reclassified from equity and recognized as component of revenue     883       1,123       (951 )
Net gain/(loss) reclassified from equity and recognized as component of revenue occurrence of forecasted transaction     525       340       (50 )
Disclosure of notional amount of outstanding foreign exchange derivative contracts
The following table gives details in respect of the notional amount of outstanding foreign exchange derivative contracts as of March 31, 2022.
 
Category
  
Instrument
  
Currency
(1)
  
Cross Currency
(1)
  
Amounts
  
Buy/Sell
Hedges of recognized assets and liabilities
  
Forward contract
  
AUD
  
INR
  
AUD 10
  
Sell
   
Forward contract
  
GBP
  
INR
  
GBP 9
  
Sell
   
Forward contract
  
RUB
  
INR
  
RUB 7,171
  
Sell
   
Forward contract
  
U.S.$
  
INR
  
U.S.$ 720
  
Sell
   
Forward contract
  
U.S.$
  
MXN
  
U.S.$ 21
  
Buy
   
Forward contract
  
ZAR
  
INR
  
ZAR 31
  
Sell
   
Forward contract
  
U.S.$
  
RUB
  
U.S.$ 1
  
Buy
   
Forward contract
  
U.S.$
  
RON
  
U.S.$ 12
  
Buy
   
Forward contract
  
U.S.$
  
AUD
  
U.S.$ 4
  
Buy
   
Forward contract
  
GBP
  
U.S.$
  
GBP 48
  
Buy
   
Forward contract
  
EUR
  
U.S.$
  
EUR 47
  
Buy
   
Forward contract
  
U.S.$
  
KZT
  
U.S.$ 9
  
Buy
   
Forward contract
  
U.S.$
  
CLP
  
U.S.$ 3
  
Buy
   
Forward contract
  
U.S.$
  
COP
  
U.S.$ 7
  
Buy
   
Forward contract
  
U.S.$
  
BRL
  
U.S.$ 3
  
Buy
   
Forward contract
  
EUR
  
INR
  
EUR 2
  
Sell
   
Forward contract
  
U.S.$
  
THB
  
U.S.$ 2
  
Buy
   
Option contract
  
U.S.$
  
INR
  
U.S.$ 60
  
Sell
Hedges of highly probable forecast transactions
  
Forward contract
  
AUD
  
INR
  
AUD 4
  
Sell
   
Forward contract
  
RUB
  
INR
  
RUB 9,600
  
Sell
   
Forward contract
  
U.S.$
  
INR
  
U.S.$ 68
  
Sell
   
Forward contract
  
ZAR
  
INR
  
ZAR 122
  
Sell
   
Option contract
  
U.S.$
  
INR
  
U.S.$ 275
  
Sell
The following table gives details in respect of the notional amount of outstanding foreign exchange derivative contracts as of March 31, 2021.
 
Category
  
Instrument
  
Currency
(1)
  
Cross Currency
(1)
  
Amounts
  
Buy/Sell
Hedges of recognized assets and liabilities
  
Forward contract
  
AUD
  
INR
  
AUD 7
  
Sell
   
Forward contract
  
CHF
  
INR
  
CHF 200
  
Sell
   
Forward contract
  
GBP
  
INR
  
GBP 8
  
Sell
   
Forward contract
  
RUB
  
INR
  
RUB 2,799
  
Sell
   
Forward contract
  
U.S.$
  
INR
  
U.S.$ 353
  
Sell
   
Forward contract
  
U.S.$
  
MXN
  
U.S.$ 10
  
Buy
   
Forward contract
  
U.S.$
  
UAH
  
U.S.$ 14
  
Buy
   
Forward contract
  
ZAR
  
INR
  
ZAR 111
  
Sell
   
Forward contract
  
U.S.$
  
RUB
  
U.S.$ 2
  
Buy
   
Forward contract
  
U.S.$
  
RON
  
U.S.$ 12
  
Buy
   
Forward contract
  
U.S.$
  
AUD
  
U.S.$ 3
  
Buy
   
Forward contract
  
GBP
  
U.S.$
  
GBP 48
  
Buy
   
Forward contract
  
EUR
  
GBP
  
EUR 1
  
Sell
   
Forward contract
  
EUR
  
U.S.$
  
EUR 16
  
Buy
   
Forward contract
  
CHF
  
U.S.$
  
CHF200
  
Buy
   
Forward contract
  
U.S.$
  
KZT
  
U.S.$ 4
  
Buy
   
Forward contract
  
U.S.$
  
CLP
  
U.S.$ 3
  
Buy
   
Forward contract
  
U.S.$
  
COP
  
U.S.$ 4
  
Buy
   
Forward contract
  
U.S.$
  
BRL
  
U.S.$ 4
  
Buy
   
Forward contract
  
U.S.$
  
KZT
  
U.S.$ 9
  
Buy
Hedges of highly probable forecast transactions
  
Forward contract
  
AUD
  
INR
  
AUD 10
  
Sell
   
Forward contract
  
RUB
  
INR
  
RUB 6,850
  
Sell
   
Option contract
  
U.S.$
  
INR
  
U.S.$ 645
  
Sell - Risk Reversal
   
Forward contract
  
ZAR
  
INR
  
ZAR 148
  
Sell
 
(1)
 “INR” means Indian rupees, “U.S.$” means United States dollars, “RON” means Romanian new leus, “GBP” means U.K. pounds sterling, “AUD” means Australian dollars, “CHF” means Swiss francs, “ZAR” means South African rands, “EUR” means Euros, “BRL” means Brazilian reals, “CLP” means Chilean pesos, “COP” means Colombian pesos, “KZT” means Kazakhstan tenges, “MXN” means Mexican pesos, “UAH” means Ukrainian hryvnias, “RUB” means Russian roubles and “THB” means Thai bahts.
Disclosure Of Detailed Information About Highly Probable Forecast Transactions Hedged Items
The table below summarizes the periods when the cash flows associated with highly probable forecast transactions that are classified as cash flow hedges are expected to occur:
 
 
 
As of March 31,
 
 
 
2022
 
 
2021
 
Cash flows in U.S dollars
                
Not later than one month   Rs. 2,653     Rs. 3,656  
Later than one month and not later than three months     5,305       7,311  
Later than three months and not later than six months     6,139       12,063  
Later than six months and not later than one year     11,824       24,126  
 
 
Rs.
25,921
 
 
Rs.
47,156
 
Cash flows in Russian roubles
                
Not later than one month   Rs. 460     Rs. 437  
Later than one month and not later than three months     1,513       874  
Later than three months and not later than six months     3,528       1,748  
Later than six months and not later than one year     3,331       3,593  
 
 
Rs.
8,832
 
 
Rs.
6,651
 
Cash flows in Australian dollars
                
Not later than one month   Rs. 10     Rs. 46  
Later than one month and not later than three months     60       92  
Later than three months and not later than six months     48       139  
Later than six months and not later than one year     134       277  
 
 
Rs.
252
 
 
Rs.
555
 
Cash flows in South African rands
                
Not later than one month   Rs. 41     Rs. 61  
Later than one month and not later than three months     98       121  
Later than three months and not later than six months     146       182  
Later than six months and not later than one year     350       364  
 
 
Rs.
635
 
 
Rs.
728