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Cash and cash equivalents
12 Months Ended
Mar. 31, 2024
Cash and cash equivalents [abstract]  
Cash and cash equivalents Cash and cash equivalents
Cash and cash equivalents consist of cash and bank accounts and are payable on demand. The bank accounts earn interest at various rates which differ by account.
(EUR thousand)As of March 31
Cash and cash equivalents20242023
Cash and bank balances87,341 128,531 
Deposits121 112,015 
Total87,462 240,546 
The fair value of cash and cash equivalents approximates its carrying value due to its short term nature.
In relation to pledges of cash-on-hand, as these are solely related to the SFA, please refer to Note 26.